Eaton Vance Floating-Rate 2022 Target Term Trust (EFL) N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FormN-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number:811-23240

Eaton Vance Floating-Rate 2022 Target Term 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)

June 30

Date of Fiscal Year End

December 31, 2019

Date of Reporting Period

Item 1. Reports to Stockholders

Eaton Vance

Floating-Rate 2022 Target Term Trust (EFL)

Semiannual Report

December 31, 2019

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

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

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

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

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

Semiannual ReportDecember 31, 2019

Eaton Vance

Floating-Rate 2022 Target Term Trust

Table of Contents

Performance	2
Fund Profile	3
Endnotes and Additional Disclosures	4
Financial Statements	5
Officers and Trustees	31
Important Notices	32

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Performance^1,2

Portfolio Managers Craig P. Russ, 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			Since Inception
Fund at NAV		07/31/2017		3.67	%		11.41	%		—			4.18	%
Fund at Market Price		—		4.07			15.68			—			3.41
S&P/LSTA Leveraged Loan Index		—		2.74	%		8.64	%		4.44	%		4.30	%
% Premium/Discount to NAV3
													–1.79	%
Distributions4
Total Distributions per share for the period												$	0.318
Distribution Rate at NAV													5.68	%
Distribution Rate at Market Price													5.78	%
% Total Leverage5
Borrowings													26.39	%
Variable Rate Term Preferred Shares (VRTP Shares)													9.18

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 ofclosed-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 recentmonth-end, please refer to eatonvance.com.

2

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Fund Profile

Top 10 Issuers (% of total investments)⁶

Sprint Communications, Inc.	1.5	%
Reynolds Group Holdings, Inc.	1.3
Infor (US), Inc.	1.1
Jaguar Holding Company II	1.0
CITGO Petroleum Corporation	1.0
CenturyLink, Inc.	0.9
TransDigm, Inc.	0.9
Virgin Media Bristol, LLC	0.9
Asurion, LLC	0.9
Golden Nugget, Inc.	0.9
Total	10.4	%

Top 10 Sectors (% of total investments)⁶

Electronics/Electrical	12.7	%
Health Care	9.5
Business Equipment and Services	5.8
Telecommunications	4.7
Chemicals and Plastics	4.3
Cable and Satellite Television	4.3
Lodging and Casinos	4.3
Oil and Gas	4.2
Industrial Equipment	3.8
Containers and Glass Products	3.7
Total	57.3	%

Credit Quality (% of bonds and loans)⁷

See Endnotes and Additional Disclosures in this report.

3

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

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. Performance since inception for an index, if presented, is the performance since the Fund’s or oldest share class’ inception, as applicable.

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. Forup-to-date premium/discount information, please refer tohttps://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 andnon-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. For additional information about nondividend distributions, please refer to Eaton 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 form1099-DIV and provided to the shareholder shortly after eachyear-end. For information about the tax character of distributions made in prior calendar years, please refer toPerformance-Tax Character of Distributions on the Fund’s webpage available at eatonvance.com. The Fund’s distributions are determined by the investment adviser based on its current assessment of the Fund’s long-term return potential. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.

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

Effective November 1, 2019, the Fund is managed by Craig P. Russ, Andrew N. Sveen, Catherine C. McDermott, William E. Holt and Daniel P. McElaney.

4

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited)

Senior Floating-Rate Loans — 128.5%(1)
Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Aerospace and Defense — 1.5%
TransDigm, Inc.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing June 9, 2023	$	2,925	$	2,938,002
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 22, 2024		199		199,886
WP CPP Holdings, LLC
Term Loan, 5.68%, (3 mo. USD LIBOR + 3.75%), Maturing April 30, 2025		247		246,012
			$	3,383,900
Automotive — 2.2%
Adient US, LLC
Term Loan, 6.18%, (3 mo. USD LIBOR + 4.25%), Maturing May 6, 2024	$	522	$	526,184
Autokiniton US Holdings, Inc.
Term Loan, 8.17%, (1 mo. USD LIBOR + 6.38%), Maturing May 22, 2025		296		283,680
Bright Bidco B.V.
Term Loan, 5.40%, (USD LIBOR + 3.50%), Maturing June 30, 2024(2)		741		441,946
Chassix, Inc.
Term Loan, 7.44%, (USD LIBOR + 5.50%), Maturing November 15, 2023(2)		245		226,625
Garrett LX III S.a.r.l.
Term Loan, 4.45%, (3 mo. USD LIBOR + 2.50%), Maturing September 27, 2025		99		98,657
IAA, Inc.
Term Loan, 4.06%, (1 mo. USD LIBOR + 2.25%), Maturing June 28, 2026		218		220,022
Panther BF Aggregator 2 L.P.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing April 30, 2026		1,421		1,430,013
Tenneco, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025		1,411		1,383,593
Thor Industries, Inc.
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2026		427		428,900
			$	5,039,620
Beverage and Tobacco — 0.1%
Arterra Wines Canada, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing December 15, 2023	$	147	$	147,434
			$	147,434

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Brokerage / Securities Dealers / Investment Houses — 0.2%
Clipper Acquisitions Corp.
Term Loan, 3.45%, (1 mo. USD LIBOR + 1.75%), Maturing December 27, 2024	$	441	$	444,848
OZ Management L.P.
Term Loan, 6.50%, (1 mo. USD LIBOR + 4.75%), Maturing April 10, 2023		45		45,056
			$	489,904
Building and Development — 3.4%
Advanced Drainage Systems, Inc.
Term Loan, 4.00%, (1 mo. USD LIBOR + 2.25%), Maturing July 31, 2026	$	116	$	117,377
American Builders & Contractors Supply Co., Inc.
Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2027		948		952,068
APi Group DE, Inc.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing October 1, 2026		575		580,301
Beacon Roofing Supply, Inc.
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing January 2, 2025		221		222,375
Brookfield Property REIT, Inc.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025		370		368,461
Core & Main L.P.
Term Loan, 4.53%, (USD LIBOR + 2.75%), Maturing August 1, 2024(2)		124		124,416
Cushman & Wakefield U.S. Borrower, LLC
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing August 21, 2025		2,173		2,183,701
NCI Building Systems, Inc.
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.75%), Maturing April 12, 2025		296		296,115
Quikrete Holdings, Inc.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing November 15, 2023		1,933		1,944,992
Werner FinCo L.P.
Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing July 24, 2024		856		855,619
			$	7,645,425
Business Equipment and Services — 9.0%
Adtalem Global Education, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing April 11, 2025	$	148	$	147,996

5 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Business Equipment and Services (continued)
AlixPartners, LLP
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 4, 2024	$	1,390	$	1,400,263
Allied Universal Holdco, LLC
Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing July 10, 2026		1,206		1,214,824
Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing July 10, 2026		119		120,280
AppLovin Corporation
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing August 15, 2025		1,615		1,626,652
ASGN Incorporated
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing April 2, 2025		104		105,207
Belfor Holdings, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 4.00%), Maturing April 6, 2026		199		200,244
BidFair MergeRight, Inc.
Term Loan, 7.24%, (1 mo. USD LIBOR + 5.50%), Maturing January 15, 2027		250		248,125
Bracket Intermediate Holding Corp.
Term Loan, 6.35%, (3 mo. USD LIBOR + 4.25%), Maturing September 5, 2025		346		344,761
Camelot U.S. Acquisition 1 Co.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing October 31, 2026		600		604,375
Ceridian HCM Holding, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing April 30, 2025		568		572,189
Cypress Intermediate Holdings III, Inc.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 29, 2024		691		695,459
Deerfield Dakota Holding, LLC
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing February 13, 2025		496		495,592
EAB Global, Inc.
Term Loan, 5.74%, (USD LIBOR + 3.75%), Maturing November 15, 2024(2)		540		542,401
EIG Investors Corp.
Term Loan, 5.67%, (3 mo. USD LIBOR + 3.75%), Maturing February 9, 2023		1,631		1,617,405
Garda World Security Corporation
Term Loan, 6.66%, (3 mo. USD LIBOR + 4.75%), Maturing October 30, 2026		775		780,489
IG Investment Holdings, LLC
Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025		172		173,129

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Business Equipment and Services (continued)
IRI Holdings, Inc.
Term Loan, 6.30%, (USD LIBOR + 4.50%), Maturing December 1, 2025(2)	$	619	$	608,437
Iron Mountain, Inc.
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026		344		343,586
KAR Auction Services, Inc.
Term Loan, 4.06%, (1 mo. USD LIBOR + 2.25%), Maturing September 19, 2026		249		251,607
Kronos Incorporated
Term Loan, 4.91%, (3 mo. USD LIBOR + 3.00%), Maturing November 1, 2023		2,444		2,459,213
KUEHG Corp.
Term Loan, 5.69%, (3 mo. USD LIBOR + 3.75%), Maturing February 21, 2025		1,390		1,394,942
Pike Corporation
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing July 24, 2026		195		196,916
Pre-Paid Legal Services, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2025		202		203,060
Prime Security Services Borrower, LLC
Term Loan, 4.94%, (1 mo. USD LIBOR + 3.25%), Maturing September 23, 2026		1,111		1,115,637
Prometric Holdings, Inc.
Term Loan, 4.79%, (1 mo. USD LIBOR + 3.00%), Maturing January 29, 2025		98		98,319
Red Ventures, LLC
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing November 8, 2024		427		431,416
SMG US Midco 2, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing January 23, 2025		98		98,864
Spin Holdco, Inc.
Term Loan, 5.25%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2022		1,416		1,408,523
Trans Union, LLC
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing November 16, 2026		168		168,759
West Corporation
Term Loan, 5.43%, (3 mo. USD LIBOR + 3.50%), Maturing October 10, 2024		123		103,912
Term Loan, 5.93%, (3 mo. USD LIBOR + 4.00%), Maturing October 10, 2024		392		333,200
			$	20,105,782

6 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Cable and Satellite Television — 5.2%
Altice France S.A.
Term Loan, 5.43%, (1 mo. USD LIBOR + 3.69%), Maturing January 31, 2026	$	1,274	$	1,277,975
Term Loan, 5.74%, (1 mo. USD LIBOR + 4.00%), Maturing August 14, 2026		497		500,286
Charter Communications Operating, LLC
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing February 1, 2027		1,299		1,308,398
CSC Holdings, LLC
Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026		397		398,389
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2027		469		472,190
Radiate Holdco, LLC
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing February 1, 2024		583		585,515
Telenet Financing USD, LLC
Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing August 15, 2026		1,450		1,460,422
Virgin Media Bristol, LLC
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.50%), Maturing January 31, 2028		3,100		3,123,250
Ziggo Secured Finance Partnership
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2025		2,650		2,656,074
			$	11,782,499
Chemicals and Plastics — 6.6%
Alpha 3 B.V.
Term Loan, 4.94%, (3 mo. USD LIBOR + 3.00%), Maturing January 31, 2024	$	1,244	$	1,249,197
Axalta Coating Systems US Holdings, Inc.
Term Loan, 3.69%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024		2,881		2,891,625
Ferro Corporation
Term Loan, 4.19%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024		134		133,892
Term Loan, 4.19%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024		137		136,802
Hexion, Inc.
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.50%), Maturing July 1, 2026		299		300,358
INEOS Enterprises Holdings US Finco, LLC
Term Loan, 5.91%, (3 mo. USD LIBOR + 4.00%), Maturing August 31, 2026		100		100,280

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Chemicals and Plastics (continued)
INEOS US Finance, LLC
Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing March 31, 2024	$	1,274	$	1,276,468
Kraton Polymers, LLC
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing March 5, 2025		811		808,772
Messer Industries GmbH
Term Loan, 4.44%, (3 mo. USD LIBOR + 2.50%), Maturing March 1, 2026		1,019		1,025,240
Momentive Performance Materials, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing May 15, 2024		672		667,847
PMHC II, Inc.
Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing March 31, 2025		741		659,783
PQ Corporation
Term Loan, 4.43%, (3 mo. USD LIBOR + 2.50%), Maturing February 8, 2025		1,711		1,721,731
Pregis TopCo Corporation
Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing July 31, 2026		250		250,469
Spectrum Holdings III Corp.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing January 31, 2025		134		125,059
Starfruit Finco B.V.
Term Loan, 4.96%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025		1,088		1,090,762
Tronox Finance, LLC
Term Loan, 4.61%, (USD LIBOR + 2.75%), Maturing September 23, 2024(2)		1,202		1,205,150
Venator Materials Corporation
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing August 8, 2024		1,271		1,265,985
			$	14,909,420
Conglomerates — 1.0%
Kronos Acquisition Holdings, Inc.
Term Loan, 8.80%, (1 mo. USD LIBOR + 7.00%), Maturing May 15, 2023	$	620	$	615,660
Penn Engineering & Manufacturing Corp.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2024		1,668		1,669,963
			$	2,285,623

7 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Containers and Glass Products — 5.3%
Berlin Packaging, LLC
Term Loan, 4.72%, (USD LIBOR + 3.00%), Maturing November 7, 2025(2)	$	99	$	98,043
Berry Global, Inc.
Term Loan, 4.22%, (1 mo. USD LIBOR + 2.50%), Maturing July 1, 2026		373		374,809
BWAY Holding Company
Term Loan, 5.23%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024		731		729,993
Flex Acquisition Company, Inc.
Term Loan, 5.09%, (USD LIBOR + 3.00%), Maturing December 29, 2023(2)		2,212		2,198,746
Term Loan, 5.35%, (3 mo. USD LIBOR + 3.25%), Maturing June 29, 2025		587		584,029
Libbey Glass, Inc.
Term Loan, 4.71%, (1 mo. USD LIBOR + 3.00%), Maturing April 9, 2021		1,847		1,516,684
Pelican Products, Inc.
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2025		246		226,550
Proampac PG Borrower, LLC
Term Loan, 5.38%, (USD LIBOR + 3.50%), Maturing November 20, 2023(2)		721		713,291
Reynolds Group Holdings, Inc.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2023		4,409		4,429,315
Ring Container Technologies Group, LLC
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2024		340		341,687
Trident TPI Holdings, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing October 17, 2024		763		743,922
			$	11,957,069
Cosmetics / Toiletries — 0.1%
KIK Custom Products, Inc.
Term Loan, 5.79%, (31 mo. USD LIBOR + 4.00%), Maturing May 15, 2023	$	250	$	246,406
			$	246,406
Drugs — 5.2%
Akorn, Inc.
Term Loan, 11.81%, (11.06% cash (1 mo. USD LIBOR + 9.25%), 0.75% PIK), Maturing April 16, 2021	$	514	$	494,108
Albany Molecular Research, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing August 30, 2024		733		732,667

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Drugs (continued)
Albany Molecular Research, Inc. (continued)
Term Loan - Second Lien, 8.80%, (1 mo. USD LIBOR + 7.00%), Maturing August 30, 2025	$	500	$	500,000
Amneal Pharmaceuticals, LLC
Term Loan, 5.31%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025		1,379		1,247,013
Bausch Health Companies, Inc.
Term Loan, 4.74%, (1 mo. USD LIBOR + 3.00%), Maturing June 2, 2025		445		448,267
Catalent Pharma Solutions, Inc.
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing May 18, 2026		323		324,579
Endo Luxembourg Finance Company I S.a.r.l.
Term Loan, 6.06%, (1 mo. USD LIBOR + 4.25%), Maturing April 29, 2024		2,925		2,786,586
Jaguar Holding Company II
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2022		2,923		2,942,554
Mallinckrodt International Finance S.A.
Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing September 24, 2024		2,376		1,937,414
Term Loan, 4.91%, (3 mo. USD LIBOR + 3.00%), Maturing February 24, 2025		218		178,078
			$	11,591,266
Ecological Services and Equipment — 2.3%
Advanced Disposal Services, Inc.
Term Loan, 3.85%, (1 week USD LIBOR + 2.25%), Maturing November 10, 2023	$	2,806	$	2,820,697
EnergySolutions, LLC
Term Loan, 5.69%, (3 mo. USD LIBOR + 3.75%), Maturing May 9, 2025		666		631,380
GFL Environmental, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing May 30, 2025		1,359		1,362,381
Terrapure Environmental Ltd.
Term Loan, Maturing November 25, 2026(3)		175		175,875
US Ecology Holdings, Inc.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 14, 2026		100		100,906
			$	5,091,239
Electronics / Electrical — 18.6%
Almonde, Inc.
Term Loan, 5.70%, (6 mo. USD LIBOR + 3.50%), Maturing June 13, 2024	$	1,404	$	1,398,017

8 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Electronics / Electrical (continued)
Applied Systems, Inc.
Term Loan, 5.19%, (3 mo. USD LIBOR + 3.25%), Maturing September 19, 2024	$	1,921	$	1,931,113
Term Loan - Second Lien, Maturing September 19, 2025(3)		175		179,594
Aptean, Inc.
Term Loan, 6.19%, (3 mo. USD LIBOR + 4.25%), Maturing April 23, 2026		199		197,880
Avast Software B.V.
Term Loan, 4.19%, (3 mo. USD LIBOR + 2.25%), Maturing September 29, 2023		351		354,603
Banff Merger Sub, Inc.
Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing October 2, 2025		1,386		1,372,356
Barracuda Networks, Inc.
Term Loan, 5.16%, (3 mo. USD LIBOR + 3.25%), Maturing February 12, 2025		865		871,270
Canyon Valor Companies, Inc.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing June 16, 2023		697		697,764
CDW, LLC
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing October 13, 2026		499		502,448
Celestica, Inc.
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.50%), Maturing June 27, 2025		124		123,866
Cohu, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025		296		294,769
CommScope, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing April 6, 2026		698		703,658
CPI International, Inc.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing July 26, 2024		733		706,549
Datto, Inc.
Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing April 2, 2026		124		125,541
ECI Macola/Max Holding, LLC
Term Loan, 6.19%, (3 mo. USD LIBOR + 4.25%), Maturing September 27, 2024		319		319,831
Electro Rent Corporation
Term Loan, 6.94%, (3 mo. USD LIBOR + 5.00%), Maturing January 31, 2024		731		737,248
Energizer Holdings, Inc.
Term Loan, 4.00%, (1 mo. USD LIBOR + 2.25%), Maturing December 17, 2025		149		149,473

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Electronics / Electrical (continued)
Epicor Software Corporation
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing June 1, 2022	$	2,555	$	2,575,721
EXC Holdings III Corp.
Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing December 2, 2024		172		171,281
Financial & Risk US Holdings, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025		446		449,769
Flexera Software, LLC
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing February 26, 2025		663		666,109
GlobalLogic Holdings, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing August 1, 2025		173		174,139
Hyland Software, Inc.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing July 1, 2024		2,751		2,776,992
Infoblox, Inc.
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023		716		719,731
Infor (US), Inc.
Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing February 1, 2022		2,921		2,937,748
Informatica, LLC
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing August 5, 2022		248		249,453
MA FinanceCo., LLC
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024		247		247,603
MACOM Technology Solutions Holdings, Inc.
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing May 17, 2024		575		550,730
Marcel LUX IV S.a.r.l.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing March 15, 2026		598		596,626
Microchip Technology Incorporated
Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing May 29, 2025		604		609,673
MKS Instruments, Inc.
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing February 2, 2026		141		141,676
NCR Corporation
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 28, 2026		374		376,400
Renaissance Holding Corp.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing May 30, 2025		493		491,422

9 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Electronics / Electrical (continued)
Seattle Spinco, Inc.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024	$	1,666	$	1,672,124
SGS Cayman L.P.
Term Loan, 7.32%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021		148		147,022
SkillSoft Corporation
Term Loan, 6.95%, (6 mo. USD LIBOR + 4.75%), Maturing April 28, 2021		1,964		1,528,422
SolarWinds Holdings, Inc.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2024		1,436		1,448,787
Solera, LLC
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023		2,517		2,525,276
Sparta Systems, Inc.
Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing August 21, 2024		474		412,196
SS&C Technologies Holdings Europe S.a.r.l.
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025		318		320,562
SS&C Technologies, Inc.
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025		459		462,338
Sutherland Global Services, Inc.
Term Loan, 7.32%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021		637		631,598
TriTech Software Systems
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing August 29, 2025		322		308,344
TTM Technologies, Inc.
Term Loan, 4.19%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2024		106		106,631
Uber Technologies, Inc.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023		1,950		1,950,841
Term Loan, 5.74%, (1 mo. USD LIBOR + 4.00%), Maturing April 4, 2025		591		592,847
Ultimate Software Group, Inc. (The)
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing May 4, 2026		648		652,698
Ultra Clean Holdings, Inc.
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025		300		300,562
Verifone Systems, Inc.
Term Loan, 5.90%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025		1,114		1,103,105

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Electronics / Electrical (continued)
Veritas Bermuda, Ltd.
Term Loan, 6.32%, (USD LIBOR + 4.50%), Maturing January 27, 2023(2)	$	731	$	706,525
Vero Parent, Inc.
Term Loan, 8.16%, (3 mo. USD LIBOR + 6.25%), Maturing August 16, 2024		1,271		1,223,253
Vungle, Inc.
Term Loan, 7.30%, (1 mo. USD LIBOR + 5.50%), Maturing September 30, 2026		274		271,912
Western Digital Corporation
Term Loan, 3.45%, (1 mo. USD LIBOR + 1.75%), Maturing April 29, 2023		949		955,223
			$	41,721,319
Equipment Leasing — 0.9%
Avolon TLB Borrower 1 (US), LLC
Term Loan, 3.51%, (1 mo. USD LIBOR + 1.75%), Maturing January 15, 2025	$	1,883	$	1,897,288
IBC Capital Limited
Term Loan, 5.65%, (3 mo. USD LIBOR + 3.75%), Maturing September 11, 2023		221		221,615
			$	2,118,903
Financial Intermediaries — 2.9%
Apollo Commercial Real Estate Finance, Inc.
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.75%), Maturing May 15, 2026	$	149	$	149,996
Aretec Group, Inc.
Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing October 1, 2025		1,515		1,499,768
Claros Mortgage Trust, Inc.
Term Loan, 4.96%, (1 mo. USD LIBOR + 3.25%), Maturing August 9, 2026		299		301,494
EIG Management Company, LLC
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing February 22, 2025		98		98,434
Focus Financial Partners, LLC
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing July 3, 2024		1,137		1,145,966
Franklin Square Holdings L.P.
Term Loan, 4.06%, (1 mo. USD LIBOR + 2.25%), Maturing August 1, 2025		197		198,241
Greenhill & Co., Inc.
Term Loan, 4.99%, (1 mo. USD LIBOR + 3.25%), Maturing April 12, 2024		536		530,217

10 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Financial Intermediaries (continued)
GreenSky Holdings, LLC
Term Loan, 5.06%, (1 mo. USD LIBOR + 3.25%), Maturing March 31, 2025	$	1,326	$	1,329,691
Harbourvest Partners, LLC
Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing March 3, 2025		171		171,799
Starwood Property Trust, Inc.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing July 27, 2026		200		201,119
StepStone Group L.P.
Term Loan, 5.84%, (2 mo. USD LIBOR + 4.00%), Maturing March 27, 2025		246		245,318
Victory Capital Holdings, Inc.
Term Loan, 5.35%, (3 mo. USD LIBOR + 3.25%), Maturing July 1, 2026		476		480,016
Virtus Investment Partners, Inc.
Term Loan, 3.94%, (1 mo. USD LIBOR + 2.25%), Maturing June 1, 2024		59		59,427
			$	6,411,486
Food Products — 2.9%
Alphabet Holding Company, Inc.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024	$	1,369	$	1,322,884
Atkins Nutritionals Holdings II, Inc.
Term Loan, 5.73%, (3 mo. USD LIBOR + 3.75%), Maturing July 7, 2024		150		151,875
B&G Foods, Inc.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing October 10, 2026		100		100,748
Badger Buyer Corp.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing September 30, 2024		491		439,629
CHG PPC Parent, LLC
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025		197		197,985
Del Monte Foods, Inc.
Term Loan, 5.16%, (3 mo. USD LIBOR + 3.25%), Maturing February 18, 2021		833		743,635
Hearthside Food Solutions, LLC
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.69%), Maturing May 23, 2025		667		662,270
Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025		173		173,250
HLF Financing S.a.r.l.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing August 18, 2025		420		422,048

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Food Products (continued)
JBS USA Lux S.A.
Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing May 1, 2026	$	2,111	$	2,128,583
Nomad Foods Europe Midco Limited
Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024		247		248,389
			$	6,591,296
Food Service — 2.0%
1011778 B.C. Unlimited Liability Company
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing November 19, 2026	$	2,300	$	2,305,736
Aramark Services, Inc.
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing March 11, 2025		326		328,217
IRB Holding Corp.
Term Loan, 5.22%, (3 mo. USD LIBOR + 3.25%), Maturing February 5, 2025		714		718,925
Restaurant Technologies, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025		74		74,807
US Foods, Inc.
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing June 27, 2023		319		320,694
Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing September 13, 2026		648		651,948
			$	4,400,327
Food / Drug Retailers — 1.0%
Albertsons, LLC
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing August 17, 2026	$	1,750	$	1,768,955
Allsup’s Convenience Stores, Inc.
Term Loan, 8.00%, (1 mo. USD LIBOR + 6.25%), Maturing November 18, 2024		250		249,375
Diplomat Pharmacy, Inc.
Term Loan, 6.41%, (3 mo. USD LIBOR + 4.50%), Maturing December 20, 2024		178		173,770
			$	2,192,100
Health Care — 13.4%
ADMI Corp.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 30, 2025	$	690	$	691,655
Alliance Healthcare Services, Inc.
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing October 24, 2023		238		217,312

11 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Health Care (continued)
athenahealth, Inc.
Term Loan, 6.40%, (3 mo. USD LIBOR + 4.50%), Maturing February 11, 2026	$	744	$	749,331
Athletico Management, LLC
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.50%), Maturing October 31, 2025		223		223,307
Avantor, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing November 21, 2024		182		183,175
BioClinica, Inc.
Term Loan, 6.06%, (1 mo. USD LIBOR + 4.25%), Maturing October 20, 2023		731		712,572
BW NHHC Holdco, Inc.
Term Loan, 6.91%, (3 mo. USD LIBOR + 5.00%), Maturing May 15, 2025		394		325,050
Carestream Dental Equipment, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing September 1, 2024		484		472,878
Certara L.P.
Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing August 15, 2024		978		977,500
Change Healthcare Holdings, LLC
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing March 1, 2024		1,915		1,924,442
CHG Healthcare Services, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing June 7, 2023		2,299		2,317,598
CryoLife, Inc.
Term Loan, 5.19%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2024		172		172,429
Da Vinci Purchaser Corp.
Term Loan, Maturing December 3, 2026(3)		150		150,188
Ensemble RCM, LLC
Term Loan, 5.66%, (3 mo. USD LIBOR + 3.75%), Maturing August 3, 2026		200		201,121
Envision Healthcare Corporation
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025		2,503		2,144,437
Gentiva Health Services, Inc.
Term Loan, 5.56%, (1 mo. USD LIBOR + 3.75%), Maturing July 2, 2025		970		975,992
GHX Ultimate Parent Corporation
Term Loan, 5.21%, (3 mo. USD LIBOR + 3.25%), Maturing June 28, 2024		1,366		1,368,546
Greatbatch Ltd.
Term Loan, 4.22%, (1 mo. USD LIBOR + 2.50%), Maturing October 27, 2022		628		630,069

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Health Care (continued)
Grifols Worldwide Operations USA, Inc.
Term Loan, 3.74%, (1 mo. USD LIBOR + 2.00%), Maturing November 15, 2027	$	350	$	353,303
Hanger, Inc.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing March 6, 2025		418		419,781
Inovalon Holdings, Inc.
Term Loan, 5.25%, (1 mo. USD LIBOR + 3.50%), Maturing April 2, 2025		468		471,362
IQVIA, Inc.
Term Loan, 3.69%, (3 mo. USD LIBOR + 1.75%), Maturing March 7, 2024		1,344		1,351,362
Medical Solutions, LLC
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing June 14, 2024		150		149,391
MPH Acquisition Holdings, LLC
Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing June 7, 2023		1,802		1,782,343
National Mentor Holdings, Inc.
Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing March 9, 2026		10		10,336
Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing March 9, 2026		188		190,352
Navicure, Inc.
Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing October 22, 2026		375		376,641
One Call Corporation
Term Loan, 7.16%, (3 mo. USD LIBOR + 5.25%), Maturing November 25, 2022		479		445,860
Ortho-Clinical Diagnostics S.A.
Term Loan, 5.31%, (3 mo. USD LIBOR + 3.25%), Maturing June 30, 2025		1,781		1,762,772
Parexel International Corporation
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024		859		843,069
Phoenix Guarantor, Inc.
Term Loan, 6.21%, (1 mo. USD LIBOR + 4.50%), Maturing March 5, 2026		746		751,380
Radiology Partners Holdings, LLC
Term Loan, 6.66%, (USD LIBOR + 4.75%), Maturing July 9, 2025(2)		198		199,047
Select Medical Corporation
Term Loan, 4.58%, (3 mo. USD LIBOR + 2.50%), Maturing March 6, 2025		2,144		2,150,973
Sound Inpatient Physicians
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2025		197		198,067

12 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Health Care (continued)
Surgery Center Holdings, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing September 2, 2024	$	727	$	725,713
Team Health Holdings, Inc.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing February 6, 2024		739		600,906
Tecomet, Inc.
Term Loan, 4.99%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2024		1,267		1,271,658
U.S. Anesthesia Partners, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing June 23, 2024		718		714,735
Verscend Holding Corp.
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025		593		597,314
Viant Medical Holdings, Inc.
Term Loan, 5.69%, (3 mo. USD LIBOR + 3.75%), Maturing July 2, 2025		198		194,126
Wink Holdco, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing December 2, 2024		172		171,607
			$	30,169,700
Home Furnishings — 0.6%
Serta Simmons Bedding, LLC
Term Loan, 5.25%, (1 mo. USD LIBOR + 3.50%), Maturing November 8, 2023	$	2,203	$	1,433,374
			$	1,433,374
Industrial Equipment — 5.9%
AI Alpine AT Bidco GmbH
Term Loan, 4.60%, (2 mo. USD LIBOR + 2.75%), Maturing October 31, 2025	$	99	$	97,515
Altra Industrial Motion Corp.
Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2025		266		267,637
Apex Tool Group, LLC
Term Loan, 7.30%, (1 mo. USD LIBOR + 5.50%), Maturing August 1, 2024		927		914,892
Carlisle Foodservice Products, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing March 20, 2025		98		97,162
CPM Holdings, Inc.
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing November 17, 2025		124		123,028

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Industrial Equipment (continued)
Delachaux Group S.A.
Term Loan, 6.50%, (3 mo. USD LIBOR + 4.50%), Maturing April 16, 2026	$	175	$	173,523
DXP Enterprises, Inc.
Term Loan, 6.54%, (1 mo. USD LIBOR + 4.75%), Maturing August 29, 2023		196		195,989
Dynacast International, LLC
Term Loan, 5.19%, (3 mo. USD LIBOR + 3.25%), Maturing January 28, 2022		1,267		1,235,083
Engineered Machinery Holdings, Inc.
Term Loan, 4.94%, (3 mo. USD LIBOR + 3.00%), Maturing July 19, 2024		858		851,426
EWT Holdings III Corp.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing December 20, 2024		1,905		1,916,205
Filtration Group Corporation
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025		1,112		1,117,789
Gardner Denver, Inc.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing July 30, 2024		343		345,285
Gates Global, LLC
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 1, 2024		1,950		1,954,975
Hayward Industries, Inc.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing August 5, 2024		720		716,423
LTI Holdings, Inc.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing September 6, 2025		173		156,611
Term Loan, 6.55%, (1 mo. USD LIBOR + 4.75%), Maturing July 24, 2026		75		68,640
Pro Mach Group, Inc.
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.75%), Maturing March 7, 2025		98		97,544
Rexnord, LLC
Term Loan, 3.54%, (1 mo. USD LIBOR + 1.75%), Maturing August 21, 2024		1,173		1,180,422
Robertshaw US Holding Corp.
Term Loan, 5.06%, (1 mo. USD LIBOR + 3.25%), Maturing February 28, 2025		393		359,595
Shape Technologies Group, Inc.
Term Loan, 4.93%, (3 mo. USD LIBOR + 3.00%), Maturing April 21, 2025		49		43,885
Thermon Industries, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.75%), Maturing October 24, 2024		89		89,871

13 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Industrial Equipment (continued)
Titan Acquisition Limited
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025	$	1,154	$	1,137,410
			$	13,140,910
Insurance — 5.1%
Alliant Holdings Intermediate, LLC
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing May 9, 2025	$	881	$	882,365
Term Loan, 4.99%, (1 mo. USD LIBOR + 3.25%), Maturing May 9, 2025		174		174,669
AmWINS Group, Inc.
Term Loan, 4.53%, (1 mo. USD LIBOR + 2.75%), Maturing January 25, 2024		894		901,713
Asurion, LLC
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2022		1,180		1,188,672
Term Loan - Second Lien, 8.30%, (1 mo. USD LIBOR + 6.50%), Maturing August 4, 2025		1,875		1,902,656
FrontDoor, Inc.
Term Loan, 4.31%, (1 mo. USD LIBOR + 2.50%), Maturing August 16, 2025		173		173,458
Hub International Limited
Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing April 25, 2025		1,896		1,897,754
Term Loan, 5.90%, (3 mo. USD LIBOR + 4.00%), Maturing April 25, 2025		700		707,657
NFP Corp.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing January 8, 2024		1,388		1,384,350
Sedgwick Claims Management Services, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing December 31, 2025		470		471,308
USI, Inc.
Term Loan, 4.94%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024		1,271		1,272,180
Term Loan, 5.94%, (3 mo. USD LIBOR + 4.00%), Maturing December 2, 2026		550		552,750
			$	11,509,532
Leisure Goods / Activities / Movies — 4.8%
AMC Entertainment Holdings, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing April 22, 2026	$	720	$	725,679
Ancestry.com Operations, Inc.
Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing August 27, 2026		1,592		1,569,115

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Leisure Goods / Activities / Movies (continued)
ClubCorp Holdings, Inc.
Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024	$	660	$	626,547
Crown Finance US, Inc.
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing February 28, 2025		613		612,900
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing September 30, 2026		574		574,996
Delta 2 (LUX) S.a.r.l.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2024		1,000		1,006,406
Live Nation Entertainment, Inc.
Term Loan, 3.50%, (1 mo. USD LIBOR + 1.75%), Maturing October 17, 2026		2,925		2,939,590
Motion Finco S.a.r.l.
Term Loan, 0.50%, Maturing November 4, 2026(4)		26		26,463
Term Loan, 5.15%, (2 mo. USD LIBOR + 3.25%), Maturing November 13, 2026		199		201,349
NASCAR Holdings, Inc.
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.75%), Maturing October 19, 2026		284		287,137
Playtika Holding Corp.
Term Loan, 7.80%, (1 mo. USD LIBOR + 6.00%), Maturing December 10, 2024		1,325		1,341,563
Steinway Musical Instruments, Inc.
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.75%), Maturing February 14, 2025		344		343,445
Travel Leaders Group, LLC
Term Loan, 5.79%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024		369		371,453
UFC Holdings, LLC
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing April 29, 2026		174		175,493
			$	10,802,136
Lodging and Casinos — 5.8%
Aimbridge Acquisition Co., Inc.
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.75%), Maturing February 2, 2026	$	99	$	100,244
Aristocrat Technologies, Inc.
Term Loan, 3.72%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024		204		205,185
Boyd Gaming Corporation
Term Loan, 3.85%, (1 week USD LIBOR + 2.25%), Maturing September 15, 2023		1,906		1,922,117
CCM Merger, Inc.
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing August 8, 2021		851		855,702

14 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Lodging and Casinos (continued)
CityCenter Holdings, LLC
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing April 18, 2024	$	196	$	197,561
Four Seasons Hotels Limited
Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing November 30, 2023		2,925		2,956,712
Golden Nugget, Inc.
Term Loan, 4.69%, (USD LIBOR + 2.75%), Maturing October 4, 2023(2)		3,004		3,018,904
GVC Holdings PLC
Term Loan, 4.45%, (6 mo. USD LIBOR + 2.25%), Maturing March 29, 2024		418		420,346
Hanjin International Corp.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing October 18, 2020		200		199,750
Playa Resorts Holding B.V.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 29, 2024		465		464,160
Stars Group Holdings B.V. (The)
Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025		1,418		1,431,840
VICI Properties 1, LLC
Term Loan, 3.79%, (1 mo. USD LIBOR + 2.00%), Maturing December 20, 2024		811		816,040
Wyndham Hotels & Resorts, Inc.
Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing May 30, 2025		494		497,029
			$	13,085,590
Nonferrous Metals / Minerals — 0.3%
Murray Energy Corporation
DIP Loan, 13.00%, (1 mo. USD LIBOR + 11.00%, Floor 2.00%), Maturing July 31, 2020	$	204	$	209,240
Term Loan, 0.00%, Maturing October 17, 2022(5)		735		162,834
Oxbow Carbon, LLC
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing January 4, 2023		225		225,562
			$	597,636
Oil and Gas — 4.1%
Apergy Corporation
Term Loan, 4.42%, (1 mo. USD LIBOR + 2.50%), Maturing May 9, 2025	$	96	$	96,102
Blackstone CQP Holdco L.P.
Term Loan, 5.41%, (3 mo. USD LIBOR + 3.50%), Maturing September 30, 2024		398		400,798

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Oil and Gas (continued)
Buckeye Partners L.P.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.75%), Maturing November 1, 2026	$	1,050	$	1,060,282
Centurion Pipeline Company, LLC
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing September 29, 2025		99		99,124
CITGO Holding, Inc.
Term Loan, 8.80%, (1 mo. USD LIBOR + 7.00%), Maturing August 1, 2023		100		101,870
CITGO Petroleum Corporation
Term Loan, 6.44%, (3 mo. USD LIBOR + 4.50%), Maturing July 29, 2021		1,949		1,958,937
Term Loan, 6.94%, (3 mo. USD LIBOR + 5.00%), Maturing March 28, 2024		968		973,736
Delek US Holdings, Inc.
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing March 31, 2025		74		74,418
Equitrans Midstream Corporation
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing January 31, 2024		743		740,412
Fieldwood Energy, LLC
Term Loan, 7.18%, (3 mo. USD LIBOR + 5.25%), Maturing April 11, 2022		1,500		1,261,249
McDermott Technology Americas, Inc.
Term Loan, 7.56%, (USD LIBOR + 10.00%), Maturing October 21, 2021(2)(4)		275		281,531
Term Loan, 6.94%, (3 mo. USD LIBOR + 5.00%), Maturing May 9, 2025		491		289,019
Prairie ECI Acquiror L.P.
Term Loan, 6.69%, (3 mo. USD LIBOR + 4.75%), Maturing March 11, 2026		1,123		1,117,238
PSC Industrial Holdings Corp.
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.75%), Maturing October 3, 2024		294		292,530
UGI Energy Services, LLC
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing August 13, 2026		398		400,488
			$	9,147,734
Publishing — 1.8%
Ascend Learning, LLC
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing July 12, 2024	$	1,271	$	1,279,751
Getty Images, Inc.
Term Loan, 6.31%, (1 mo. USD LIBOR + 4.50%), Maturing February 19, 2026		719		722,389

15 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Publishing (continued)
Harland Clarke Holdings Corp.
Term Loan, 6.69%, (3 mo. USD LIBOR + 4.75%), Maturing November 3, 2023	$	567	$	443,116
ProQuest, LLC
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing October 23, 2026		900		901,687
Terrier Media Buyer, Inc.
Term Loan, 6.15%, (3 mo. USD LIBOR + 4.25%), Maturing December 17, 2026		700		707,875
			$	4,054,818
Radio and Television — 3.7%
Cumulus Media New Holdings, Inc.
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing March 31, 2026	$	200	$	201,911
Diamond Sports Group, LLC
Term Loan, 5.03%, (1 mo. USD LIBOR + 3.25%), Maturing August 24, 2026		1,671		1,670,813
Entercom Media Corp.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing November 18, 2024		753		760,158
Entravision Communications Corporation
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024		309		301,200
Gray Television, Inc.
Term Loan, 4.20%, (1 mo. USD LIBOR + 2.50%), Maturing January 2, 2026		234		235,141
Hubbard Radio, LLC
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing March 28, 2025		1,169		1,170,569
iHeartCommunications, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 4.00%), Maturing May 1, 2026		871		880,888
Mission Broadcasting, Inc.
Term Loan, 3.94%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024		133		133,711
Nexstar Broadcasting, Inc.
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024		670		672,912
Term Loan, 4.45%, (1 mo. USD LIBOR + 2.75%), Maturing September 18, 2026		200		201,333
Sinclair Television Group, Inc.
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.50%), Maturing September 30, 2026		249		250,583
Univision Communications, Inc.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing March 15, 2024		1,914		1,892,875
			$	8,372,094

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Rail Industries — 0.2%
Genesee & Wyoming, Inc.
Term Loan, 3.91%, (3 mo. USD LIBOR + 2.00%), Maturing November 6, 2026	$	375	$	379,102
			$	379,102
Retailers (Except Food and Drug) — 2.5%
Apro, LLC
Term Loan, 2.00%, Maturing November 14, 2026(4)	$	289	$	291,417
Term Loan, 5.84%, (2 mo. USD LIBOR + 4.00%), Maturing November 14, 2026		1,011		1,019,958
Ascena Retail Group, Inc.
Term Loan, 6.31%, (1 mo. USD LIBOR + 4.50%), Maturing August 21, 2022		860		589,921
BJ’s Wholesale Club, Inc.
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.75%), Maturing February 3, 2024		946		953,232
Global Appliance, Inc.
Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing September 29, 2024		380		379,932
Hoya Midco, LLC
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing June 30, 2024		730		728,971
LSF9 Atlantis Holdings, LLC
Term Loan, 7.74%, (1 mo. USD LIBOR + 6.00%), Maturing May 1, 2023		369		342,688
PetSmart, Inc.
Term Loan, 5.74%, (1 mo. USD LIBOR + 4.00%), Maturing March 11, 2022		1,225		1,214,792
			$	5,520,911
Steel — 2.2%
Atkore International, Inc.
Term Loan, 4.70%, (3 mo. USD LIBOR + 2.75%), Maturing December 22, 2023	$	1,982	$	1,993,990
GrafTech Finance, Inc.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2025		922		920,700
Phoenix Services International, LLC
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.75%), Maturing March 1, 2025		344		325,821
Zekelman Industries, Inc.
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.25%), Maturing June 14, 2021		1,735		1,739,893
			$	4,980,404

16 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Surface Transport — 0.8%
Agro Merchants NAI Holdings, LLC
Term Loan, 5.69%, (3 mo. USD LIBOR + 3.75%), Maturing December 6, 2024	$	147	$	145,613
Kenan Advantage Group, Inc.
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022		296		294,430
Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022		971		966,710
PODS, LLC
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.75%), Maturing December 6, 2024		220		221,348
XPO Logistics, Inc.
Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing February 24, 2025		225		226,219
			$	1,854,320
Telecommunications — 4.3%
CenturyLink, Inc.
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing January 31, 2025	$	2,074	$	2,085,290
Colorado Buyer, Inc.
Term Loan, 4.74%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024		733		651,259
Global Eagle Entertainment, Inc.
Term Loan, 9.71%, (USD LIBOR + 7.50%), Maturing January 6, 2023(2)		755		685,565
Intelsat Jackson Holdings S.A.
Term Loan, 5.68%, (6 mo. USD LIBOR + 3.75%), Maturing November 27, 2023		900		902,925
Onvoy, LLC
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing February 10, 2024		780		707,804
Plantronics, Inc.
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing July 2, 2025		495		484,809
Sprint Communications, Inc.
Term Loan, 4.31%, (1 mo. USD LIBOR + 2.50%), Maturing February 2, 2024		2,925		2,905,599
Term Loan, 4.81%, (1 mo. USD LIBOR + 3.00%), Maturing February 2, 2024		297		296,625
Syniverse Holdings, Inc.
Term Loan, 6.85%, (2 mo. USD LIBOR + 5.00%), Maturing March 9, 2023		368		343,261
Telesat Canada
Term Loan, 4.63%, (3 mo. USD LIBOR + 2.75%), Maturing December 7, 2026		550		554,125
			$	9,617,262

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Utilities — 2.6%
Brookfield WEC Holdings, Inc.
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2025	$	1,288	$	1,298,189
Calpine Corporation
Term Loan, 4.20%, (3 mo. USD LIBOR + 2.25%), Maturing January 15, 2024		1,949		1,962,379
Term Loan, 4.20%, (3 mo. USD LIBOR + 2.25%), Maturing April 5, 2026		348		350,737
Granite Acquisition, Inc.
Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021		1,223		1,229,578
Talen Energy Supply, LLC
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing July 8, 2026		299		300,365
USIC Holdings, Inc.
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing December 8, 2023		319		318,230
Vistra Operations Company, LLC
Term Loan, 3.54%, (1 mo. USD LIBOR + 1.75%), Maturing December 31, 2025		394		396,972
			$	5,856,450
Total Senior Floating-Rate Loans (identified cost $292,577,780)			$	288,632,991
Corporate Bonds & Notes — 21.6%
Security	Principal Amount (000’s omitted)		Value
Aerospace and Defense — 2.1%
Air Canada
7.75%, 4/15/21(6)	$	2,000	$	2,133,000
American Airlines Group, Inc.
5.00%, 6/1/22(6)		500		523,750
Bombardier, Inc.
6.125%, 1/15/23(6)		1,000		1,027,585
United Airlines Holdings, Inc.
4.25%, 10/1/22		1,000		1,046,250
			$	4,730,585
Automotive — 0.2%
ZF North America Capital, Inc.
4.50%, 4/29/22(6)	$	545	$	561,798
			$	561,798

17 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Security	Principal Amount (000’s omitted)		Value
Building and Development — 1.4%
Griffon Corp.
5.25%, 3/1/22	$	1,150	$	1,157,179
Reliance Intermediate Holdings, L.P.
6.50%, 4/1/23(6)		1,000		1,027,915
Standard Industries, Inc.
5.50%, 2/15/23(6)		1,000		1,018,740
			$	3,203,834
Cable and Satellite Television — 1.3%
Cablevision Systems Corp.
5.875%, 9/15/22	$	925	$	998,334
CCO Holdings, LLC/CCO Holdings Capital Corp.
5.125%, 2/15/23		1,000		1,012,490
DISH DBS Corp.
5.00%, 3/15/23		1,000		1,028,340
			$	3,039,164
Containers and Glass Products — 0.4%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
4.25%, 9/15/22(6)	$	1,000	$	1,014,593
			$	1,014,593
Drugs — 0.5%
Bausch Health Companies, Inc.
6.50%, 3/15/22(6)	$	1,000	$	1,023,750
			$	1,023,750
Ecological Services and Equipment — 0.7%
GFL Environmental, Inc.
5.375%, 3/1/23(6)	$	1,600	$	1,652,000
			$	1,652,000
Electronics / Electrical — 1.1%
Anixter, Inc.
5.50%, 3/1/23	$	1,000	$	1,055,415
CommScope, Inc.
5.00%, 6/15/21(6)		300		301,020
Infor (US), Inc.
6.50%, 5/15/22		1,000		1,016,780
			$	2,373,215

Security	Principal Amount (000’s omitted)		Value
Energy — 0.5%
Sunoco, L.P./Sunoco Finance Corp.
4.875%, 1/15/23	$	1,000	$	1,025,435
			$	1,025,435
Financial Intermediaries — 1.3%
Ally Financial, Inc.
4.625%, 5/19/22	$	1,000	$	1,050,312
Ford Motor Credit Co., LLC
5.875%, 8/2/21		300		314,079
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp.
6.25%, 2/1/22		500		510,390
Navient Corp.
5.50%, 1/25/23		1,007		1,077,490
			$	2,952,271
Food / Drug Retailers — 0.0%(7)
Safeway, Inc.
3.95%, 8/15/20	$	100	$	100,539
4.75%, 12/1/21		9		9,251
			$	109,790
Health Care — 1.2%
Eagle Holding Co. II, LLC
7.625%, (7.625% cash or 8.375% PIK), 5/15/22(6)(8)	$	455	$	463,296
7.75%, (7.75% cash or 8.50% PIK), 5/15/22(6)(8)		206		209,535
HCA, Inc.
7.50%, 2/15/22		1,000		1,106,780
Kinetic Concepts, Inc./KCI USA, Inc.
12.50%, 11/1/21(6)		836		862,459
			$	2,642,070
Internet Software & Services — 0.5%
Netflix, Inc.
5.50%, 2/15/22	$	1,000	$	1,061,250
			$	1,061,250
Leisure Goods / Activities / Movies — 0.5%
Sabre GLBL, Inc.
5.375%, 4/15/23(6)	$	1,000	$	1,026,585
			$	1,026,585

18 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Security	Principal Amount (000’s omitted)		Value
Lodging and Casinos — 0.8%
RHP Hotel Properties, L.P./RHP Finance Corp.
5.00%, 4/15/23	$	676	$	691,491
Studio City Co., Ltd.
7.25%, 11/30/21(6)		1,000		1,024,750
			$	1,716,241
Metals / Mining — 0.9%
Hecla Mining Co.
6.875%, 5/1/21	$	1,065	$	1,063,935
Hudbay Minerals, Inc.
7.25%, 1/15/23(6)		1,000		1,039,790
			$	2,103,725
Nonferrous Metals / Minerals — 0.1%
First Quantum Minerals, Ltd.
7.25%, 4/1/23(6)	$	200	$	207,473
New Gold, Inc.
6.25%, 11/15/22(6)		62		61,864
			$	269,337
Oil and Gas — 2.5%
Ascent Resources Utica Holdings, LLC/ARU Finance Corp.
10.00%, 4/1/22(6)	$	775	$	772,771
CITGO Petroleum Corp.
6.25%, 8/15/22(6)		500		508,122
Energy Transfer Operating, L.P.
4.25%, 3/15/23		1,000		1,044,637
Great Western Petroleum, LLC/Great Western Finance Corp.
9.00%, 9/30/21(6)		500		448,325
Precision Drilling Corp.
6.50%, 12/15/21		740		740,486
Tervita Escrow Corp.
7.625%, 12/1/21(6)		1,287		1,297,939
Transocean, Inc.
8.375%, 12/15/21		750		770,925
			$	5,583,205
Real Estate Investment Trusts (REITs) — 0.3%
iStar, Inc.
5.25%, 9/15/22	$	600	$	617,437
			$	617,437

Security	Principal Amount (000’s omitted)		Value
Road & Rail — 0.7%
Watco Cos., LLC/Watco Finance Corp.
6.375%, 4/1/23(6)	$	1,500	$	1,526,872
			$	1,526,872
Surface Transport — 1.3%
DAE Funding, LLC
5.25%, 11/15/21(6)	$	1,000	$	1,039,750
Park Aerospace Holdings, Ltd.
5.25%, 8/15/22(6)		1,000		1,068,212
XPO Logistics, Inc.
6.50%, 6/15/22(6)		750		765,585
			$	2,873,547
Technology — 0.3%
Dell International, LLC/EMC Corp.
5.875%, 6/15/21(6)	$	662	$	673,175
			$	673,175
Telecommunications — 3.0%
Altice Financing S.A.
6.625%, 2/15/23(6)	$	335	$	341,561
CenturyLink, Inc.
5.80%, 3/15/22		1,000		1,053,050
Hughes Satellite Systems Corp.
7.625%, 6/15/21		1,000		1,070,270
SBA Communications Corp.
4.00%, 10/1/22		90		91,912
Sprint Communications, Inc.
6.00%, 11/15/22		2,000		2,101,060
T-Mobile USA, Inc.
6.00%, 3/1/23		1,000		1,020,085
Zayo Group, LLC/Zayo Capital, Inc.
6.00%, 4/1/23		1,000		1,024,585
			$	6,702,523
Total Corporate Bonds & Notes (identified cost $47,766,871)			$	48,482,402

19 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Portfolio of Investments (Unaudited) — continued

Convertible Bonds — 0.1%
Security	Principal Amount (000’s omitted)		Value
Technology — 0.1%
Rovi Corp.
0.50%, 3/1/20	$	292	$	290,329
Total Convertible Bonds (identified cost $290,197)			$	290,329
Short-Term Investments — 4.2%
Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 1.78%(9)		9,291,983	$	9,291,983
Total Short-Term Investments (identified cost $9,291,734)			$	9,291,983
Total Investments — 154.4% (identified cost $349,926,582)			$	346,697,705
Less Unfunded Loan Commitments — (0.2)%			$	(420,794	)
Net Investments — 154.2% (identified cost $349,505,788)			$	346,276,911
Notes Payable — (41.0)%			$	(92,000,000	)
Variable Rate Term Preferred Shares, at Liquidation Value (net of unamortized deferred debt issuance costs) — (14.2)%			$	(31,974,536	)
Other Assets, Less Liabilities — 1.0%			$	2,250,738
Net Assets Applicable to Common Shares — 100.0%			$	224,553,113

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

⁽¹⁾ Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”). Base lending rates may be subject to a floor, or minimum rate.

⁽²⁾ The stated interest rate represents the weighted average interest rate at December 31, 2019 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period.

⁽³⁾  This Senior Loan will settle after December 31, 2019, at which time the interest rate will be determined.

⁽⁴⁾ 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 December 31, 2019, the total value of unfunded loan commitments is $426,161. See Note 1E for description.

⁽⁵⁾ Issuer is in default with respect to interest and/or principal payments. For a variable rate security, interest rate has been adjusted to reflectnon-accrual status.

⁽⁶⁾ Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At December 31, 2019, the aggregate value of these securities is $23,622,215 or 10.5% of the Trust’s net assets applicable to common shares.

⁽⁷⁾ Amount is less than 0.05%.

⁽⁸⁾ Represents apayment-in-kind security which may pay interest in additional principal at the issuer’s discretion.

⁽⁹⁾ Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualizedseven-day yield as of December 31, 2019.

Abbreviations:

DIP	—	Debtor In Possession
LIBOR	—	London Interbank Offered Rate
PIK	—	Payment In Kind
Currency Abbreviations:
USD	—	United States Dollar

20 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Statement of Assets and Liabilities (Unaudited)

Assets	December 31, 2019
Unaffiliated investments, at value (identified cost, $340,214,054)	$	336,984,928
Affiliated investment, at value (identified cost, $9,291,734)		9,291,983
Cash		2,978,637
Interest receivable		1,260,427
Dividends receivable from affiliated investment		15,043
Receivable for investments sold		441,132
Prepaid upfront fees on variable rate term preferred shares		36,999
Prepaid upfront fees on notes payable		11,300
Prepaid expenses		16,894
Total assets	$	351,037,343
Liabilities
Notes payable	$	92,000,000
Variable rate term preferred shares, at liquidation value (net of unamortized deferred debt issuance costs of $25,464)		31,974,536
Payable for investments purchased		496,313
Distributions payable		1,062,528
Payable to affiliates:
Investment adviser fee		208,426
Trustees’ fees		4,403
Interest expense and fees payable		564,524
Accrued expenses		173,500
Total liabilities	$	126,484,230
Net assets applicable to common shares	$	224,553,113
Sources of Net Assets
Common shares, $0.01 par value, unlimited number of shares authorized, 23,611,740 shares issued and outstanding	$	236,117
Additionalpaid-in capital		231,888,379
Accumulated loss		(7,571,383	)
Net assets applicable to common shares	$	224,553,113
Net Asset Value Per Common Share
($224,553,113 ÷ 23,611,740 common shares issued and outstanding)	$	9.51

21 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Statement of Operations (Unaudited)

Investment Income	Six Months Ended December 31, 2019
Interest and other income	$	9,400,085
Dividends from affiliated investment		84,587
Total investment income	$	9,484,672
Expenses
Investment adviser fee	$	1,229,908
Trustees’ fees and expenses		8,226
Custodian fee		66,366
Transfer and dividend disbursing agent fees		10,660
Legal and accounting services		33,382
Printing and postage		18,006
Interest expense and fees		2,181,821
Miscellaneous		21,006
Total expenses	$	3,569,375
Net investment income	$	5,915,297
Realized and Unrealized Gain (Loss)
Net realized gain (loss) —
Investment transactions	$	(790,925	)
Investment transactions — affiliated investment		(363	)
Net realized loss	$	(791,288	)
Change in unrealized appreciation (depreciation) —
Investments	$	2,779,234
Investments — affiliated investment		249
Net change in unrealized appreciation (depreciation)	$	2,779,483
Net realized and unrealized gain	$	1,988,195
Net increase in net assets from operations	$	7,903,492

22 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Statements of Changes in Net Assets

Increase (Decrease) in Net Assets	Six Months Ended December 31, 2019 (Unaudited)			Year Ended June 30, 2019
From operations —
Net investment income	$	5,915,297		$	11,864,847
Net realized loss		(791,288	)		(670,371	)
Net change in unrealized appreciation (depreciation)		2,779,483			(2,912,554	)
Net increase in net assets from operations	$	7,903,492		$	8,281,922
Distributions to common shareholders	$	(7,508,533	)	$	(12,585,057	)
Net increase (decrease) in net assets	$	394,959		$	(4,303,135	)
Net Assets Applicable to Common Shares
At beginning of period	$	224,158,154		$	228,461,289
At end of period	$	224,553,113		$	224,158,154

23 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Statement of Cash Flows (Unaudited)

Cash Flows From Operating Activities	Six Months Ended December 31, 2019
Net increase in net assets from operations	$	7,903,492
Adjustments to reconcile net increase in net assets from operations to net cash provided by operating activities:
Investments purchased		(51,888,057	)
Investments sold and principal repayments		54,478,585
Increase in short-term investments, net		(2,564,981	)
Net amortization/accretion of premium (discount)		165,895
Amortization of prepaid upfront fees on variable rate term preferred shares		27,030
Amortization of deferred debt issuance costs on variable rate term preferred shares		18,602
Amortization of prepaid upfront fees on notes payable		27,600
Decrease in interest receivable		42,012
Increase in dividends receivable from affiliated investment		(7,600	)
Increase in prepaid expenses		(49	)
Increase in payable to affiliate for investment adviser fee		7,938
Decrease in payable to affiliate for Trustees’ fees		(580	)
Decrease in interest expense and fees payable		(84,230	)
Increase in accrued expenses		44,862
Increase in unfunded loan commitments		420,794
Net change in unrealized (appreciation) depreciation from investments		(2,779,483	)
Net realized loss from investments		791,288
Net cash provided by operating activities	$	6,603,118
Cash Flows From Financing Activities
Cash distributions paid to common shareholders	$	(6,446,005	)
Proceeds from notes payable		9,000,000
Repayments of notes payable		(9,000,000	)
Net cash used in financing activities	$	(6,446,005	)
Net increase in cash	$	157,113
Cash at beginning of period	$	2,821,524
Cash at end of period	$	2,978,637
Supplemental disclosure of cash flow information:
Cash paid for interest and fees on borrowings and variable rate term preferred shares	$	2,192,819

24 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Financial Highlights

Selected data for a common share outstanding during the periods stated

	Six Months Ended December 31, 2019 (Unaudited)			Year Ended June 30, 2019			Period Ended June 30, 2018(1)
Net asset value — Beginning of period (Common shares)	$	9.490		$	9.680		$	9.850	(2)
Income (Loss) From Operations
Net investment income(3)	$	0.251		$	0.502		$	0.404
Net realized and unrealized gain (loss)		0.087			(0.159	)		(0.152	)
Total income from operations	$	0.338		$	0.343		$	0.252
Less Distributions to Common Shareholders
From net investment income	$	(0.318	)	$	(0.533	)	$	(0.406	)
Total distributions to common shareholders	$	(0.318	)	$	(0.533	)	$	(0.406	)
Offering costs charged topaid-in capital(3)	$	—		$	—		$	(0.020	)
Premium related to exercise of underwriters’ over-allotment option(3)	$	—		$	—		$	0.004
Net asset value — End of period (Common shares)	$	9.510		$	9.490		$	9.680
Market value — End of period (Common shares)	$	9.340		$	9.290		$	9.440
Total Investment Return on Net Asset Value(4)		3.67	%(5)		3.86	%		2.55	%(5)(6)
Total Investment Return on Market Value(4)		4.07	%(5)		4.20	%		0.01	%(5)(6)

25 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Financial Highlights — continued

Selected data for a common share outstanding during the periods stated

Ratios/Supplemental Data	Six Months Ended December 31, 2019 (Unaudited)			Year Ended June 30, 2019			Period Ended June 30, 2018(1)
Net assets applicable to common shares, end of period (000’s omitted)	$	224,553		$	224,158		$	228,461
Ratios (as a percentage of average daily net assets applicable to common shares):†
Expenses excluding interest and fees		1.24	%(7)		1.25	%		1.24	%(7)
Interest and fee expense(8)		1.95	%(7)		2.12	%		1.53	%(7)
Total expenses		3.19	%(7)		3.37	%		2.77	%(7)
Net investment income		5.28	%(7)		5.25	%		4.50	%(7)
Portfolio Turnover		14	%(5)		22	%		30	%(5)
Senior Securities:
Total notes payable outstanding (in 000’s)	$	92,000		$	92,000		$	100,000
Asset coverage per $1,000 of notes payable(9)	$	3,789		$	3,784		$	3,605
Total variable rate term preferred shares outstanding		320			320			320
Asset coverage per variable rate term preferred share(10)	$	281,091		$	280,773		$	273,077
Involuntary liquidation preference per variable rate term preferred share(11)	$	100,000		$	100,000		$	100,000
Approximate market value per variable rate term preferred share(11)	$	100,000		$	100,000		$	100,000

⁽¹⁾   For the period from the start of business, July 31, 2017, to June 30, 2018.

⁽²⁾  Net asset value at beginning of period reflects the deduction of the sales charge of $0.15 per share paid by the shareholders from the $10.00 offering price.

⁽³⁾  Computed using average common shares outstanding.

⁽⁴⁾  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.

⁽⁵⁾  Not annualized.

⁽⁶⁾  Total investment return on net asset value is calculated assuming a purchase at the offering price of $10.00 less the sales load of $0.15 per share paid by the shareholder on the first day and a sale at the net asset value on the last day of the period reported with all distributions reinvested. Total investment return on market value is calculated assuming a purchase at the offering price of $10.00 less the sales load of $0.15 per share paid by the shareholder on the first day and a sale at the current market price on the last day of the period reported with all distributions reinvested.

⁽⁷⁾  Annualized.

⁽⁸⁾  Interest and fee expense relates to the variable rate term preferred shares (see Note 2) and the notes payable (see Note 7) for the purpose of financial leverage.

⁽⁹⁾  Calculated by subtracting the Trust’s total liabilities (not including the notes payable and variable rate term preferred shares) from the Trust’s total assets, and dividing the result by the notes payable balance in thousands.

⁽¹⁰⁾  Calculated by subtracting the Trust’s total liabilities (not including the notes payable and variable rate term 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 variable rate term preferred shares, and multiplying the result by the liquidation value of one variable rate term preferred share. Such amount equates to 281%, 281% and 273% at December 31, 2019, June 30, 2019 and June 30, 2018, respectively.

⁽¹¹⁾  Plus accumulated and unpaid dividends.

† Ratios based on net assets applicable to common shares plus variable rate term preferred shares and borrowings are presented below. Ratios for periods less than one year are annualized.

	Six Months Ended December 31, 2019 (Unaudited)			Year Ended June 30, 2019			Period Ended June 30,  2018(1)
Expenses excluding interest and fees		0.79	%		0.80	%		0.83	%
Interest and fee expense		1.24	%		1.35	%		1.02	%
Total expenses		2.03	%		2.15	%		1.85	%
Net investment income		3.37	%		3.35	%		3.00	%

⁽¹⁾  For the period from the start of business, July 31, 2017, to June 30, 2018.

26 See Notes to Financial Statements.

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Notes to Financial Statements (Unaudited)

1  Significant Accounting Policies

Eaton Vance Floating-Rate 2022 Target Term 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 objectives are high current income and to return $9.85 per share, the original net asset value per common share before deducting offering costs of $0.02 per common share (“Original NAV”), to holders of common shares of record on or about October 31, 2022 (the “Termination Date”). On or about the Termination Date, the Trust intends to cease its investment operations, liquidate its portfolio, retire or redeem its leverage facilities, and seek to return Original NAV to common shareholders, unless the term is extended for one period of up to twelve months and one additional period of up to six months by a vote of the Trust’s Board of Trustees.

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.

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

Fair Valuation.  Investments for which valuations or market quotations are not readily available or are deemed unreliable are valued at fair value using methods determined in good faith by or at the direction of the Trustees of the Trust in a manner that most fairly reflects the security’s “fair value”, which is the amount that the Trust might reasonably expect to receive for the security upon its current sale in the ordinary course. Each such determination is based on a consideration of relevant factors, which are likely to vary from one pricing context to another. These factors may include, but are not limited to, the type of security, the existence of any contractual restrictions on the security’s disposition, the price and extent of public trading in similar securities of the issuer or of comparable companies or entities, quotations or relevant information obtained from broker/dealers or other market participants, information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), an analysis of the company’s or entity’s financial statements, and an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold.

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

C  Income — Interest income is recorded on the basis of interest accrued, adjusted for amortization of premium or accretion of discount. Fees associated with loan amendments are recognized immediately. Dividend income is recorded on theex-dividend date for dividends received in cash and/or securities.

27

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Notes to Financial Statements (Unaudited) — continued

D  Federal Taxes — The Trust intends to make monthly distributions of net investment income and any net realized capital gains in amounts necessary to maintain its taxation as a regulated investment company for U.S. federal income tax purposes. For the purpose of pursuing its investment objective of returning Original NAV, the Trust may retain a portion of its net investment income and some or all of its net capital gains, which would result in the Trust paying U.S. federal excise and corporate income taxes.

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

E  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 December 31, 2019, the Trust had sufficient cash and/or securities to cover these commitments.

F  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.

G  Indemnifications — Under the Trust’s organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the Trust. Under Massachusetts law, if certain conditions prevail, shareholders of a Massachusetts business trust (such as the Trust) could be deemed to have personal liability for the obligations of the Trust. However, the Trust’s Declaration of Trust contains an express disclaimer of liability on the part of Trust shareholders and theBy-laws provide that the Trust shall assume, upon request by the shareholder, the defense on behalf of any Trust shareholders. Moreover, 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.

H  Interim Financial Statements — The interim financial statements relating to December 31, 2019 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.

On September 6, 2017, the Trust issued 320 shares of SeriesC-1 Variable Rate Term Preferred Shares (VRTP Shares) in a private offering to a commercial paper conduit sponsored by a large financial institution (the Conduit), with a mandatory redemption date of September 8, 2020, unless extended. Dividends on the VRTP Shares are determined each day based on a spread of 1.85% to three-month LIBOR. Such spread is determined based on the current credit rating of the VRTP Shares, which is provided by Moody’s Investor Service.

The 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 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 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 VRTP Shares’ redemption price, and over thesix-month period execute a series of liquidation transactions to assure sufficient liquidity to redeem the VRTP Shares. The holders of the VRTP Shares, voting as a class, are entitled to elect two Trustees of the Trust. If the dividends on the VRTP Shares remain unpaid in an amount equal to two full years’ dividends, the holders of the 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 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 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 issuance of VRTP Shares, the Trust paid an upfront fee of $160,000 and debt issuance costs of $110,112, both of which are being amortized to interest expense and fees over a period of three years. The unamortized amount of the debt issuance costs as of December 31, 2019 is presented as a reduction of the liability for VRTP Shares on the Statement of Assets and Liabilities.

The carrying amount of the VRTP Shares at December 31, 2019 represents its liquidation value, which approximates fair value. If measured at fair value, the VRTP Shares would have been considered as Level 2 in the fair value hierarchy (see Note 10) at December 31, 2019. The average liquidation preference of the VRTP Shares during the six months ended December 31, 2019 was $32,000,000.

28

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Notes to Financial Statements (Unaudited) — continued

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 VRTP Shares. The Trust may also distribute net realized capital gains, if any, generally not more than once per year. Distributions to common shareholders are recorded on theex-dividend date. Dividends to variable rate term preferred shareholders are accrued daily and payable quarterly. The dividend rate on the VRTP Shares at December 31, 2019 was 3.95%. The amount of dividends accrued and the average annual dividend rate of the VRTP Shares during the six months ended December 31, 2019 were $663,832 and 4.13%, respectively.

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

At June 30, 2019, the Trust, for federal income tax purposes, had deferred capital losses of $1,449,062 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 June 30, 2019, $876,280 are short-term and $572,782 are long-term.

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

Aggregate cost	$	351,064,171
Gross unrealized appreciation	$	1,885,559
Gross unrealized depreciation		(6,672,819	)
Net unrealized depreciation	$	(4,787,260	)

4  Investment Adviser Fee and Other Transactions with Affiliates

The investment adviser fee is earned by EVM as compensation for investment advisory services rendered to the Trust. The fee is computed at an annual rate of 0.70% of the Trust’s average daily total managed assets and is payable monthly. During any extension period of the Trust’s term, the fee will be reduced to 0.35% of the Trust’s average daily total managed assets. Total managed assets as referred to herein represent total assets of the Trust (including assets attributable to borrowings, any outstanding preferred shares, or other forms of leverage) less accrued liabilities (other than liabilities representing borrowings or such other forms of leverage). For the six months ended December 31, 2019, the Trust’s investment adviser fee amounted to $1,229,908. The Trust invests its cash in Cash Reserves Fund. EVM does not currently receive a fee for investment 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 December 31, 2019, no significant amounts have been deferred. Certain officers and Trustees of the Trust are officers of EVM.

5  Purchases and Sales of Investments

Purchases and sales of investments, other than short-term obligations and including maturities and principal repayments on Senior Loans, aggregated $46,624,562 and $54,487,273, respectively, for the six months ended December 31, 2019.

6  Common Shares of Beneficial Interest

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 December 31, 2019 and the year ended June 30, 2019.

7  Credit Agreement

The Trust has entered into a Credit Agreement, as amended (the Agreement) with a bank to borrow up to a limit of $109 million. Borrowings under the Agreement are secured by the assets of the Trust. Interest is charged at a rate above the London Interbank Offered Rate (LIBOR) and is payable monthly.

29

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Notes to Financial Statements (Unaudited) — continued

Under the terms of the Agreement, in effect through March 17, 2020, the Trust pays a facility fee of 0.15% on the borrowing limit. In connection with the renewal of the Agreement on March 19, 2019, the Trust paid an upfront fee of $54,500, which is being amortized to interest expense over a period of one year. The unamortized balance as of December 31, 2019 is approximately $11,000 and is included in prepaid upfront fees on notes payable on the Statement of Assets and Liabilities. The Trust is required to maintain certain net asset levels during the term of the Agreement. At December 31, 2019, the Trust had borrowings outstanding under the Agreement of $92,000,000 at an annual interest rate of 2.45%. Based on the short-term nature of the borrowings under the Agreement and the variable interest rate, the carrying amount of the borrowings at December 31, 2019 approximated its fair value. If measured at fair value, borrowings under the Agreement would have been considered as Level 2 in the fair value hierarchy (see Note 10) at December 31, 2019. For the six months ended December 31, 2019, the average borrowings under the Agreement and the average annual interest rate (excluding fees) were $94,619,565 and 2.84%, respectively.

8  Credit Risk

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

9  Investments in Affiliated Funds

At December 31, 2019, the value of the Trust’s investment in affiliated funds was $9,291,983, which represents 4.2% of the Trust’s net assets applicable to common shares. Transactions in affiliated funds by the Trust for the six months ended December 31, 2019 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, 1.78%	$	6,727,116	$	70,781,384	$	(68,216,403	)	$	(363	)	$	249	$	9,291,983	$	84,587		9,291,983

10  Fair Value Measurements

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

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

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

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

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

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

Asset Description	Level 1		Level 2		Level 3		Total
Senior Floating-Rate Loans (Less Unfunded Loan Commitments)	$	—	$	288,212,197	$	—	$	288,212,197
Corporate Bonds & Notes		—		48,482,402		—		48,482,402
Convertible Bonds		—		290,329		—		290,329
Short-Term Investments		—		9,291,983		—		9,291,983
Total Investments	$	—	$	346,276,911	$	—	$	346,276,911

30

Eaton Vance

Floating-Rate 2022 Target Term Trust

December 31, 2019

Officers and Trustees

Officers

Payson F. Swaffield

President

Maureen A. Gemma

Vice President, 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

31

Eaton Vance Funds

IMPORTANT NOTICES

Privacy.  The Eaton Vance organization is committed to ensuring your financial privacy. Each entity listed below has adopted a 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 additionally share your personal information with our affiliates.

• We believe our Privacy Program is reasonably designed to protect the confidentiality of your personal information and to prevent unauthorized access to that 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 Investment Counsel, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Limited, 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 Privacy Notice supersedes all previously issued privacy disclosures. For more information about our Privacy Program or about how your personal information may be used, please call1-800-262-1122.

Delivery of Shareholder Documents.  The Securities and Exchange Commission (SEC) permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called “householding” and it helps eliminate duplicate mailings to shareholders. American Stock Transfer & Trust Company, LLC (“AST”), theclosed-end funds transfer agent, or your financial 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 toForm N-PORT with the SEC for the first and third quarters of each fiscal year. The FormN-PORT will be available on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov.

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

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

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

32

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

27977    12.31.19

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 FormN-CSR.

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

Not required in this filing.

Item 8. Portfolio Managers ofClosed-End Management Investment Companies

Not required in this filing.

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

No such purchases this period.

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

No material changes.

Item 11. Controls and Procedures

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

(b) There have been no changes in the registrant’s internal controls over financial reporting during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

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

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

Item 13. Exhibits

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

Signatures

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

Eaton Vance Floating-Rate 2022 Target Term Trust

By:	/s/ Payson F. Swaffield
	Payson F. Swaffield
	President
Date:	February 24, 2020

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:	February 24, 2020

By:	/s/ Payson F. Swaffield
	Payson F. Swaffield
	President
Date:	February 24, 2020