Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited)
Corporate Bonds — 3.8% |
Security | Principal Amount (000's omitted) | Value | |
Aerospace and Defense — 0.2% | |||
American Airlines Group, Inc., 5.00%, 6/1/22(1) | $ | 500 | $ 500,572 |
$ 500,572 | |||
Building and Development — 0.2% | |||
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., 5.875%, 4/15/23(1) | $ | 500 | $ 507,500 |
$ 507,500 | |||
Cable and Satellite Television — 0.4% | |||
CSC Holdings, LLC, 5.875%, 9/15/22 | $ | 925 | $ 933,422 |
$ 933,422 | |||
Financial Intermediaries — 1.4% | |||
Ally Financial, Inc., 4.625%, 5/19/22 | $ | 1,000 | $ 1,003,919 |
Ford Motor Credit Co., LLC, 3.087%, 1/9/23 | 925 | 927,197 | |
Navient Corp., 5.50%, 1/25/23 | 1,007 | 1,020,766 | |
$ 2,951,882 | |||
Lodging and Casinos — 0.2% | |||
MGM Resorts International, 6.00%, 3/15/23 | $ | 310 | $ 317,398 |
$ 317,398 | |||
Oil and Gas — 0.5% | |||
Energy Transfer, L.P., 4.25%, 3/15/23 | $ | 1,000 | $ 1,011,274 |
$ 1,011,274 | |||
Telecommunications — 0.7% | |||
Sprint Communications, Inc., 6.00%, 11/15/22 | $ | 1,500 | $ 1,535,610 |
$ 1,535,610 | |||
Utilities — 0.2% | |||
TerraForm Power Operating, LLC, 4.25%, 1/31/23(1) | $ | 525 | $ 524,260 |
$ 524,260 | |||
Total Corporate Bonds (identified cost $8,222,726) | $ 8,281,918 |
Senior Floating-Rate Loans — 123.6%(2) |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Aerospace and Defense — 2.5% | |||
AI Convoy (Luxembourg) S.a.r.l., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 1/18/27 | $ | 269 | $ 265,888 |
Dynasty Acquisition Co., Inc.: | |||
Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 4/6/26 | 653 | 644,109 | |
Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 4/6/26 | 351 | 346,295 | |
Spirit Aerosystems, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 1/15/25 | 223 | 222,541 | |
TransDigm, Inc.: | |||
Term Loan, 2.707%, (1 mo. USD LIBOR + 2.25%), 8/22/24 | 1,174 | 1,159,940 | |
Term Loan, 2.707%, (1 mo. USD LIBOR + 2.25%), 12/9/25 | 2,859 | 2,811,581 | |
$ 5,450,354 | |||
Airlines — 0.1% | |||
Mileage Plus Holdings, LLC, Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), 6/21/27 | $ | 300 | $ 312,563 |
$ 312,563 | |||
Auto Components — 2.3% | |||
Adient US, LLC, Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 4/10/28 | $ | 372 | $ 367,225 |
Chassix, Inc., Term Loan, 6.50%, (USD LIBOR + 5.50%, Floor 1.00%), 11/15/23(3) | 239 | 214,719 | |
Clarios Global, L.P., Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 4/30/26 | 1,204 | 1,191,624 | |
DexKo Global, Inc.: | |||
Term Loan, 4.717%, (3 mo. USD LIBOR + 3.75%), 10/4/28 | 60 | 58,900 | |
Term Loan, 4.717%, (3 mo. USD LIBOR + 3.75%), 10/4/28 | 315 | 309,225 | |
Garrett LX I S.a.r.l., Term Loan, 3.75%, (6 mo. USD LIBOR + 3.25%, Floor 0.50%), 4/30/28 | 274 | 268,153 | |
LTI Holdings, Inc.: | |||
Term Loan, 3.957%, (1 mo. USD LIBOR + 3.50%), 9/6/25 | 169 | 165,413 | |
Term Loan, 5.207%, (1 mo. USD LIBOR + 4.75%), 7/24/26 | 73 | 72,439 | |
Term Loan, 5.207%, (1 mo. USD LIBOR + 4.75%), 7/24/26 | 140 | 138,873 | |
Term Loan, 5.207%, (1 mo. USD LIBOR + 4.75%), 7/24/26 | 84 | 83,953 | |
Tenneco, Inc., Term Loan, 3.457%, (1 mo. USD LIBOR + 3.00%), 10/1/25 | 1,379 | 1,366,911 |
1
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
Auto Components (continued) | |||
Truck Hero, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 1/31/28 | $ | 470 | $ 456,877 |
Wheel Pros, LLC, Term Loan, 5.25%, (1 mo. USD LIBOR + 4.50%, Floor 0.75%), 5/11/28 | 398 | 380,754 | |
$ 5,075,066 | |||
Automobiles — 0.4% | |||
Bombardier Recreational Products, Inc., Term Loan, 2.457%, (1 mo. USD LIBOR + 2.00%), 5/24/27 | $ | 197 | $ 193,863 |
MajorDrive Holdings IV, LLC, Term Loan, 4.563%, (3 mo. USD LIBOR + 4.00%), 6/1/28 | 248 | 244,868 | |
Thor Industries, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%), 2/1/26 | 385 | 384,281 | |
$ 823,012 | |||
Beverage — 0.2% | |||
Arterra Wines Canada, Inc., Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 11/24/27 | $ | 395 | $ 391,873 |
$ 391,873 | |||
Biotechnology — 0.2% | |||
Alltech, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 10/13/28 | $ | 224 | $ 221,632 |
Grifols Worldwide Operations USA, Inc., Term Loan, 2.457%, (1 mo. USD LIBOR + 2.00%), 11/15/27 | 324 | 318,388 | |
$ 540,020 | |||
Building Products — 2.4% | |||
ACProducts, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 5/17/28 | $ | 744 | $ 677,174 |
Cornerstone Building Brands, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 4/12/28 | 322 | 312,299 | |
CPG International, Inc., Term Loan, 3.25%, (3 mo. USD LIBOR + 2.50%, Floor 0.75%), 5/5/24 | 2,000 | 1,987,500 | |
Gardner Denver, Inc., Term Loan, 2.207%, (1 mo. USD LIBOR + 1.75%), 3/1/27 | 434 | 427,631 | |
Ingersoll-Rand Services Company, Term Loan, 2.207%, (1 mo. USD LIBOR + 1.75%), 3/1/27 | 515 | 507,072 | |
LHS Borrower, LLC, Term Loan, 5.25%, (SOFR + 4.75%, Floor 0.50%), 2/16/29 | 650 | 644,312 | |
MI Windows and Doors, LLC, Term Loan, 4.00%, (SOFR + 3.50%, Floor 0.50%), 12/18/27 | 108 | 106,902 | |
Standard Industries, Inc., Term Loan, 3.788%, (6 mo. USD LIBOR + 2.50%), 9/22/28 | 494 | 492,650 | |
$ 5,155,540 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Capital Markets — 2.3% | |||
Advisor Group, Inc., Term Loan, 4.957%, (1 mo. USD LIBOR + 4.50%), 7/31/26 | $ | 415 | $ 413,274 |
Aretec Group, Inc., Term Loan, 4.707%, (1 mo. USD LIBOR + 4.25%), 10/1/25 | 2,473 | 2,455,485 | |
Brookfield Property REIT, Inc., Term Loan, 2.957%, (1 mo. USD LIBOR + 2.50%), 8/27/25 | 348 | 340,153 | |
EIG Management Company, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/22/25 | 96 | 95,760 | |
Franklin Square Holdings, L.P., Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%), 8/1/25 | 193 | 191,311 | |
Hudson River Trading, LLC, Term Loan, 3.144%, (SOFR + 3.00%), 3/20/28 | 941 | 928,784 | |
Mariner Wealth Advisors, LLC: | |||
Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 8/18/28 | 196 | 193,687 | |
Term Loan, 4.256%, (3 mo. USD LIBOR + 3.25%), 8/18/28 | 28 | 27,711 | |
Victory Capital Holdings, Inc., Term Loan, 2.466%, (3 mo. USD LIBOR + 2.25%), 7/1/26 | 343 | 338,676 | |
$ 4,984,841 | |||
Chemicals — 5.2% | |||
Apergy Corporation, Term Loan, 3.00%, (1 mo. USD LIBOR + 2.50%), 5/9/25 | $ | 51 | $ 50,328 |
Aruba Investments, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/24/27 | 297 | 293,666 | |
Atotech B.V., Term Loan, 3.00%, (1 mo. USD LIBOR + 2.50%, Floor 0.50%), 3/18/28 | 397 | 393,278 | |
Charter NEX US, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/1/27 | 173 | 172,294 | |
CPC Acquisition Corp., Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 12/29/27 | 297 | 291,060 | |
Ferro Corporation: | |||
Term Loan, 3.256%, (3 mo. USD LIBOR + 2.25%), 2/14/24 | 34 | 34,227 | |
Term Loan, 3.256%, (3 mo. USD LIBOR + 2.25%), 2/14/24 | 34 | 33,499 | |
Gemini HDPE, LLC, Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 12/31/27 | 287 | 283,410 | |
INEOS Enterprises Holdings US Finco, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 8/28/26 | 80 | 79,026 | |
INEOS Styrolution US Holding, LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 1/29/26 | 968 | 950,954 | |
INEOS US Finance, LLC: | |||
Term Loan, 2.46%, (1 mo. USD LIBOR + 2.00%), 4/1/24 | 1,245 | 1,226,079 |
2
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
Chemicals (continued) | |||
INEOS US Finance, LLC: (continued) | |||
Term Loan, 11/8/28(4) | $ | 275 | $ 270,531 |
Kraton Corporation, Term Loan, 3.99%, (3 mo. USD LIBOR + 3.25%), 3/15/29 | 200 | 197,750 | |
Lonza Group AG: | |||
Term Loan, 4.75%, (6 mo. USD LIBOR + 4.00%, Floor 0.75%), 7/3/28 | 521 | 510,159 | |
Term Loan, 5.006%, (3 mo. USD LIBOR + 4.00%), 7/3/28 | 200 | 195,323 | |
LSF11 Skyscraper Holdco S.a.r.l., Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 9/29/27 | 322 | 320,153 | |
Messer Industries GmbH, Term Loan, 3.506%, (3 mo. USD LIBOR + 2.50%), 3/2/26 | 862 | 853,090 | |
Momentive Performance Materials, Inc., Term Loan, 3.70%, (1 mo. USD LIBOR + 3.25%), 5/15/24 | 1,070 | 1,058,911 | |
Orion Engineered Carbons GmbH, Term Loan, 3.256%, (3 mo. USD LIBOR + 2.25%), 9/24/28 | 174 | 170,098 | |
Rohm Holding GmbH, Term Loan, 5.269%, (6 mo. USD LIBOR + 4.75%), 7/31/26 | 147 | 139,286 | |
Starfruit Finco B.V., Term Loan, 4.006%, (3 mo. USD LIBOR + 3.00%), 10/1/25 | 838 | 825,636 | |
Tronox Finance, LLC, Term Loan, 3.164%, (USD LIBOR + 2.25%), 3/10/28(3) | 1,249 | 1,230,189 | |
Venator Materials Corporation, Term Loan, 3.457%, (1 mo. USD LIBOR + 3.00%), 8/8/24 | 1,242 | 1,185,633 | |
W.R. Grace & Co.-Conn., Term Loan, 4.813%, (3 mo. USD LIBOR + 3.75%), 9/22/28 | 499 | 495,711 | |
$ 11,260,291 | |||
Commercial Services & Supplies — 4.0% | |||
Allied Universal Holdco, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 5/12/28 | $ | 1,302 | $ 1,285,079 |
Aramark Services, Inc., Term Loan, 2.207%, (1 mo. USD LIBOR + 1.75%), 3/11/25 | 326 | 321,127 | |
Asplundh Tree Expert, LLC, Term Loan, 2.207%, (1 mo. USD LIBOR + 1.75%), 9/7/27 | 468 | 463,664 | |
Belfor Holdings, Inc., Term Loan, 4.207%, (1 mo. USD LIBOR + 3.75%), 4/6/26 | 195 | 193,771 | |
EnergySolutions, LLC, Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 5/9/25 | 619 | 607,538 | |
Garda World Security Corporation, Term Loan, 4.57%, (SOFR + 4.25%), 2/1/29 | 125 | 123,906 | |
GFL Environmental, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 5/30/25 | 781 | 779,551 | |
Harsco Corporation, Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 3/10/28 | 174 | 169,345 | |
IRI Holdings, Inc., Term Loan, 4.707%, (1 mo. USD LIBOR + 4.25%), 12/1/25 | 605 | 603,403 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Commercial Services & Supplies (continued) | |||
KAR Auction Services, Inc., Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%), 9/19/26 | $ | 244 | $ 241,770 |
LABL, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 5.00%, Floor 0.50%), 10/29/28 | 324 | 320,439 | |
PECF USS Intermediate Holding III Corporation, Term Loan, 4.758%, (3 mo. USD LIBOR + 4.25%), 12/15/28 | 299 | 296,899 | |
Phoenix Services International, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/1/25 | 336 | 325,640 | |
Prime Security Services Borrower, LLC, Term Loan, 3.50%, (USD LIBOR + 2.75%, Floor 0.75%), 9/23/26(3) | 986 | 979,308 | |
SITEL Worldwide Corporation, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 8/28/28 | 821 | 815,659 | |
TMS International Corp., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 8/14/24 | 99 | 98,133 | |
TruGreen Limited Partnership, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/2/27 | 222 | 221,354 | |
US Ecology Holdings, Inc., Term Loan, 2.957%, (1 mo. USD LIBOR + 2.50%), 11/1/26 | 98 | 97,429 | |
Werner FinCo, L.P., Term Loan, 5.006%, (3 mo. USD LIBOR + 4.00%), 7/24/24 | 836 | 831,048 | |
$ 8,775,063 | |||
Communications Equipment — 0.6% | |||
CommScope, Inc., Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 4/6/26 | $ | 683 | $ 667,464 |
Plantronics, Inc., Term Loan, 2.957%, (1 mo. USD LIBOR + 2.50%), 7/2/25 | 450 | 447,686 | |
Tiger Acquisition, LLC, Term Loan, 3.758%, (3 mo. USD LIBOR + 3.25%), 6/1/28 | 224 | 215,228 | |
$ 1,330,378 | |||
Construction Materials — 0.9% | |||
Quikrete Holdings, Inc., Term Loan, 2.957%, (1 mo. USD LIBOR + 2.50%), 2/1/27 | $ | 1,889 | $ 1,846,071 |
$ 1,846,071 | |||
Containers & Packaging — 3.2% | |||
BWAY Holding Company, Term Loan, 3.481%, (1 mo. USD LIBOR + 3.25%), 4/3/24 | $ | 714 | $ 705,892 |
Flex Acquisition Company, Inc.: | |||
Term Loan, 3.214%, (3 mo. USD LIBOR + 3.00%), 6/29/25 | 575 | 574,795 | |
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 3/2/28 | 2,080 | 2,076,345 | |
Pregis TopCo Corporation, Term Loan, 4.457%, (1 mo. USD LIBOR + 4.00%), 7/31/26 | 244 | 239,793 |
3
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
Containers & Packaging (continued) | |||
Pretium PKG Holdings, Inc.: | |||
Term Loan, 4.50%, (3 mo. USD LIBOR + 4.00%, Floor 0.50%), 10/2/28 | $ | 274 | $ 267,112 |
Term Loan - Second Lien, 7.25%, (3 mo. USD LIBOR + 6.75%, Floor 0.50%), 10/1/29 | 175 | 170,406 | |
Proampac PG Borrower, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/3/25 | 907 | 889,803 | |
Reynolds Group Holdings, Inc.: | |||
Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 2/5/26 | 568 | 553,820 | |
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 9/20/28 | 448 | 436,780 | |
Trident TPI Holdings, Inc.: | |||
Term Loan, 4.256%, (3 mo. USD LIBOR + 3.25%), 10/17/24 | 746 | 739,584 | |
Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 9/15/28(5) | 43 | 42,914 | |
Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 9/15/28 | 305 | 301,812 | |
$ 6,999,056 | |||
Distributors — 0.7% | |||
Autokiniton US Holdings, Inc., Term Loan, 5.00%, (12 mo. USD LIBOR + 4.50%, Floor 0.50%), 4/6/28 | $ | 744 | $ 736,001 |
White Cap Buyer, LLC, Term Loan, 4.25%, (SOFR + 3.75%, Floor 0.50%), 10/19/27 | 864 | 855,152 | |
$ 1,591,153 | |||
Diversified Consumer Services — 0.8% | |||
Ascend Learning, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/11/28 | $ | 299 | $ 296,070 |
KUEHG Corp., Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 2/21/25 | 1,358 | 1,341,860 | |
Sotheby's, Term Loan, 5.00%, (3 mo. USD LIBOR + 4.50%, Floor 0.50%), 1/15/27 | 171 | 171,241 | |
$ 1,809,171 | |||
Diversified Telecommunication Services — 7.1% | |||
Altice France S.A.: | |||
Term Loan, 3.927%, (3 mo. USD LIBOR + 3.69%), 1/31/26 | $ | 1,245 | $ 1,220,243 |
Term Loan, 4.506%, (3 mo. USD LIBOR + 4.00%), 8/14/26 | 1,481 | 1,455,584 | |
CenturyLink, Inc., Term Loan, 2.707%, (1 mo. USD LIBOR + 2.25%), 3/15/27 | 2,713 | 2,645,172 | |
GEE Holdings 2, LLC, Term Loan - Second Lien, 9.25%, (3 mo. USD LIBOR + 8.25%, Floor 1.00%), 2.50% cash, 6.75% PIK, 3/23/26 | 4 | 3,218 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Diversified Telecommunication Services (continued) | |||
Telenet Financing USD, LLC, Term Loan, 2.40%, (1 mo. USD LIBOR + 2.00%), 4/30/28 | $ | 1,500 | $ 1,468,125 |
UPC Broadband Holding B.V., Term Loan, 2.647%, (1 mo. USD LIBOR + 2.25%), 4/30/28 | 325 | 318,256 | |
UPC Financing Partnership, Term Loan, 3.397%, (1 mo. USD LIBOR + 3.00%), 1/31/29 | 1,275 | 1,264,481 | |
Virgin Media Bristol, LLC: | |||
Term Loan, 2.897%, (1 mo. USD LIBOR + 2.50%), 1/31/28 | 3,100 | 3,064,641 | |
Term Loan, 3.647%, (1 mo. USD LIBOR + 3.25%), 1/31/29 | 475 | 471,957 | |
Zayo Group Holdings, Inc., Term Loan, 3.457%, (1 mo. USD LIBOR + 3.00%), 3/9/27 | 919 | 894,983 | |
Ziggo Financing Partnership, Term Loan, 2.897%, (1 mo. USD LIBOR + 2.50%), 4/30/28 | 2,650 | 2,612,320 | |
$ 15,418,980 | |||
Electrical Equipment — 0.9% | |||
Brookfield WEC Holdings, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 8/1/25 | $ | 1,259 | $ 1,238,514 |
GrafTech Finance, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 2/12/25 | 248 | 245,665 | |
II-VI Incorporated, Term Loan, 12/1/28(4) | 475 | 469,854 | |
$ 1,954,033 | |||
Electronic Equipment, Instruments & Components — 1.4% | |||
Chamberlain Group, Inc., Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 11/3/28 | $ | 723 | $ 715,052 |
CPI International, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 7/26/24 | 679 | 674,820 | |
Creation Technologies, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.50%, Floor 0.50%), 10/5/28 | 450 | 440,438 | |
EXC Holdings III Corp., Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 12/2/24 | 856 | 853,638 | |
Mirion Technologies, Inc., Term Loan, 3.25%, (6 mo. USD LIBOR + 2.75%, Floor 0.50%), 10/20/28 | 324 | 322,297 | |
TTM Technologies, Inc., Term Loan, 2.731%, (1 mo. USD LIBOR + 2.50%), 9/28/24 | 54 | 53,303 | |
$ 3,059,548 | |||
Engineering & Construction — 1.5% | |||
Aegion Corporation, Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 5/17/28 | $ | 199 | $ 198,254 |
Amentum Government Services Holdings, LLC: | |||
Term Loan, 3.957%, (1 mo. USD LIBOR + 3.50%), 1/29/27 | 368 | 365,828 | |
Term Loan, 4.647%, (SOFR + 4.00%), 2/15/29(3) | 350 | 348,104 |
4
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
Engineering & Construction (continued) | |||
American Residential Services, LLC, Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 10/15/27 | $ | 222 | $ 220,521 |
APi Group DE, Inc., Term Loan, 2.957%, (1 mo. USD LIBOR + 2.50%), 10/1/26 | 540 | 534,245 | |
Centuri Group, Inc., Term Loan, 3.008%, (3 mo. USD LIBOR + 2.50%), 8/27/28 | 332 | 327,722 | |
Northstar Group Services, Inc., Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), 11/12/26 | 99 | 98,339 | |
Pike Corporation, Term Loan, 3.46%, (1 mo. USD LIBOR + 3.00%), 1/21/28 | 168 | 166,655 | |
USIC Holdings, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 5/12/28 | 1,102 | 1,093,653 | |
$ 3,353,321 | |||
Entertainment — 3.7% | |||
Alchemy Copyrights, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 3/10/28 | $ | 197 | $ 196,760 |
Crown Finance US, Inc.: | |||
Term Loan, 3.506%, (3 mo. USD LIBOR + 2.50%), 2/28/25 | 606 | 469,103 | |
Term Loan, 4.25%, (6 mo. USD LIBOR + 2.75%), 9/30/26 | 562 | 426,281 | |
Term Loan, 9.25%, (6 mo. USD LIBOR + 8.25%, Floor 1.00%), 2/28/25 | 134 | 142,604 | |
Term Loan, 15.25%, (7.00% cash, 8.25% PIK), 5/23/24(6) | 174 | 205,846 | |
Delta 2 (LUX) S.a.r.l., Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), 2/1/24 | 1,175 | 1,168,978 | |
Live Nation Entertainment, Inc., Term Loan, 2.25%, (1 mo. USD LIBOR + 1.75%), 10/17/26 | 2,630 | 2,576,200 | |
Playtika Holding Corp., Term Loan, 3.207%, (1 mo. USD LIBOR + 2.75%), 3/13/28 | 830 | 820,105 | |
UFC Holdings, LLC, Term Loan, 3.50%, (6 mo. USD LIBOR + 2.75%, Floor 0.75%), 4/29/26 | 1,990 | 1,971,527 | |
$ 7,977,404 | |||
Equity Real Estate Investment Trusts (REITs) — 0.2% | |||
Iron Mountain, Inc., Term Loan, 2.207%, (1 mo. USD LIBOR + 1.75%), 1/2/26 | $ | 336 | $ 332,080 |
$ 332,080 | |||
Food & Staples Retailing — 0.3% | |||
US Foods, Inc., Term Loan, 2.508%, (3 mo. USD LIBOR + 2.00%), 9/13/26 | $ | 634 | $ 622,571 |
$ 622,571 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Food Products — 1.4% | |||
CHG PPC Parent, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 12/8/28 | $ | 200 | $ 195,750 |
Del Monte Foods, Inc., Term Loan, 2/15/29(4) | 200 | 197,625 | |
Froneri International, Ltd., Term Loan, 2.707%, (1 mo. USD LIBOR + 2.25%), 1/29/27 | 811 | 797,796 | |
H Food Holdings, LLC: | |||
Term Loan, 4.145%, (1 mo. USD LIBOR + 3.688%), 5/23/25 | 652 | 629,106 | |
Term Loan, 4.457%, (1 mo. USD LIBOR + 4.00%), 5/23/25 | 169 | 164,180 | |
Monogram Food Solutions, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 8/28/28 | 249 | 246,258 | |
Nomad Foods Europe Midco Limited, Term Loan, 2.756%, (3 mo. USD LIBOR + 2.25%), 5/15/24 | 242 | 240,665 | |
Shearer's Foods, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 9/23/27 | 172 | 167,802 | |
Simply Good Foods USA, Inc., Term Loan, 3.792%, (SOFR + 3.25%), 7/7/24 | 99 | 98,371 | |
Sovos Brands Intermediate, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 6/8/28 | 228 | 226,085 | |
$ 2,963,638 | |||
Health Care Equipment & Supplies — 1.0% | |||
Bayou Intermediate II, LLC, Term Loan, 5.25%, (3 mo. USD LIBOR + 4.50%, Floor 0.75%), 8/2/28 | $ | 324 | $ 319,324 |
CryoLife, Inc., Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 6/1/27 | 168 | 165,049 | |
Gloves Buyer, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/29/27 | 248 | 244,526 | |
Journey Personal Care Corp., Term Loan, 5.256%, (3 mo. USD LIBOR + 4.25%), 3/1/28 | 447 | 426,248 | |
Ortho-Clinical Diagnostics S.A., Term Loan, 3.235%, (1 mo. USD LIBOR + 3.00%), 6/30/25 | 1,026 | 1,023,680 | |
$ 2,178,827 | |||
Health Care Providers & Services — 5.3% | |||
AEA International Holdings (Lux) S.a.r.l., Term Loan, 4.813%, (3 mo. USD LIBOR + 3.75%), 9/7/28 | $ | 474 | $ 473,220 |
Cano Health, LLC, Term Loan, 4.507%, (SOFR + 4.00%), 11/23/27 | 192 | 189,409 | |
CCRR Parent, Inc., Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 3/6/28 | 223 | 223,919 | |
CHG Healthcare Services, Inc., Term Loan, 5.00%, (USD LIBOR + 3.50%), 9/29/28(3) | 498 | 493,976 | |
Electron BidCo, Inc., Term Loan, 4.256%, (3 mo. USD LIBOR + 3.25%), 11/1/28 | 375 | 371,531 | |
Ensemble RCM, LLC, Term Loan, 4.049%, (3 mo. USD LIBOR + 3.75%), 8/3/26 | 541 | 539,218 |
5
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
Health Care Providers & Services (continued) | |||
Hanger, Inc., Term Loan, 3.957%, (1 mo. USD LIBOR + 3.50%), 3/6/25 | $ | 408 | $ 405,450 |
LSCS Holdings, Inc., Term Loan, 5.00%, (1 mo. USD LIBOR + 4.50%, Floor 0.50%), 12/16/28 | 349 | 345,779 | |
MDVIP, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/16/28 | 125 | 123,802 | |
Medical Solutions Holdings, Inc.: | |||
Term Loan, 3.50%, 11/1/28(5) | 108 | 107,291 | |
Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 11/1/28 | 567 | 563,280 | |
Midwest Physician Administrative Services, LLC, Term Loan, 4.256%, (3 mo. USD LIBOR + 3.25%), 3/12/28 | 198 | 195,797 | |
National Mentor Holdings, Inc.: | |||
Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 3/2/28 | 881 | 855,322 | |
Term Loan, 4.76%, (3 mo. USD LIBOR + 3.75%), 3/2/28 | 25 | 24,069 | |
Option Care Health, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 10/27/28 | 200 | 198,087 | |
Pacific Dental Services, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 5/5/28 | 223 | 221,033 | |
Pediatric Associates Holding Company, LLC: | |||
Term Loan, 0.00%, 12/29/28(5) | 33 | 32,484 | |
Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 12/29/28 | 215 | 212,404 | |
Phoenix Guarantor, Inc.: | |||
Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 3/5/26 | 729 | 721,774 | |
Term Loan, 3.947%, (1 mo. USD LIBOR + 3.50%), 3/5/26 | 1,536 | 1,520,237 | |
Radnet Management, Inc., Term Loan, 3.75%, (3 mo. USD LIBOR + 3.00%, Floor 0.75%), 4/21/28 | 422 | 416,869 | |
Select Medical Corporation, Term Loan, 2.71%, (1 mo. USD LIBOR + 2.25%), 3/6/25 | 2,144 | 2,123,535 | |
Sound Inpatient Physicians, Term Loan, 3.207%, (1 mo. USD LIBOR + 2.75%), 6/27/25 | 193 | 191,538 | |
Surgery Center Holdings, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 8/31/26 | 711 | 705,873 | |
WP CityMD Bidco, LLC, Term Loan, 3.75%, (6 mo. USD LIBOR + 3.25%, Floor 0.50%), 12/22/28 | 300 | 298,656 | |
$ 11,554,553 | |||
Health Care Technology — 4.2% | |||
Bracket Intermediate Holding Corp., Term Loan, 4.466%, (3 mo. USD LIBOR + 4.25%), 9/5/25 | $ | 338 | $ 335,639 |
Certara L.P., Term Loan, 3.957%, (1 mo. USD LIBOR + 3.50%), 8/15/26 | 955 | 948,305 | |
Change Healthcare Holdings, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), 3/1/24 | 1,651 | 1,644,190 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Health Care Technology (continued) | |||
eResearchTechnology, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 2/4/27 | $ | 124 | $ 123,393 |
GHX Ultimate Parent Corporation, Term Loan, 4.256%, (3 mo. USD LIBOR + 3.25%), 6/28/24 | 1,334 | 1,329,127 | |
Imprivata, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/1/27 | 470 | 467,899 | |
MedAssets Software Intermediate Holdings, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 4.00%, Floor 0.50%), 12/18/28 | 500 | 494,688 | |
Navicure, Inc., Term Loan, 4.457%, (1 mo. USD LIBOR + 4.00%), 10/22/26 | 1,778 | 1,775,455 | |
PointClickCare Technologies, Inc., Term Loan, 3.75%, (3 mo. USD LIBOR + 3.00%, Floor 0.75%), 12/29/27 | 248 | 245,644 | |
Project Ruby Ultimate Parent Corp., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 3/3/28 | 446 | 441,156 | |
Symplr Software, Inc., Term Loan, 5.251%, (3 mo. USD LIBOR + 4.50%), 12/22/27 | 397 | 391,604 | |
Verscend Holding Corp., Term Loan, 4.457%, (1 mo. USD LIBOR + 4.00%), 8/27/25 | 854 | 852,480 | |
$ 9,049,580 | |||
Hotels, Restaurants & Leisure — 4.2% | |||
1011778 B.C. Unlimited Liability Company, Term Loan, 2.21%, (1 mo. USD LIBOR + 1.75%), 11/19/26 | $ | 1,784 | $ 1,749,151 |
Carnival Corporation: | |||
Term Loan, 3.75%, (3 mo. USD LIBOR + 3.00%, Floor 0.75%), 6/30/25 | 540 | 527,676 | |
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 10/18/28 | 1,247 | 1,220,899 | |
Fertitta Entertainment, LLC, Term Loan, 4.50%, (SOFR + 4.00%, Floor 0.50%), 1/27/29 | 1,437 | 1,431,051 | |
Hilton Grand Vacations Borrower, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 8/2/28 | 398 | 396,197 | |
IRB Holding Corp.: | |||
Term Loan, 3.75%, (SOFR + 3.00%, Floor 0.75%), 12/15/27 | 642 | 635,857 | |
Term Loan, 3.756%, (3 mo. USD LIBOR + 2.75%), 2/5/25 | 796 | 789,792 | |
Playa Resorts Holding B.V., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 4/29/24 | 442 | 433,379 | |
SeaWorld Parks & Entertainment, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 8/25/28 | 398 | 394,393 | |
SMG US Midco 2, Inc., Term Loan, 2.844%, (USD LIBOR + 2.50%), 1/23/25(3) | 96 | 92,678 | |
Stars Group Holdings B.V. (The), Term Loan, 3.256%, (3 mo. USD LIBOR + 2.25%), 7/21/26 | 995 | 987,538 | |
Twin River Worldwide Holdings, Inc., Term Loan, 3.75%, (6 mo. USD LIBOR + 3.25%, Floor 0.50%), 10/2/28 | 524 | 521,232 | |
$ 9,179,843 |
6
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
Household Durables — 0.0%(7) | |||
CFS Brands, LLC, Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), 3/20/25 | $ | 96 | $ 92,632 |
$ 92,632 | |||
Household Products — 0.4% | |||
Energizer Holdings, Inc., Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 12/22/27 | $ | 430 | $ 421,479 |
Kronos Acquisition Holdings, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 12/22/26 | 494 | 454,044 | |
$ 875,523 | |||
Independent Power and Renewable Electricity Producers — 0.6% | |||
Calpine Corporation, Term Loan, 2.96%, (1 mo. USD LIBOR + 2.50%), 12/16/27 | $ | 1,260 | $ 1,251,792 |
$ 1,251,792 | |||
Insurance — 5.2% | |||
Alliant Holdings Intermediate, LLC: | |||
Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 5/9/25 | $ | 861 | $ 852,364 |
Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 5/9/25 | 170 | 168,521 | |
AmWINS Group, Inc., Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), 2/19/28 | 1,605 | 1,581,125 | |
AssuredPartners, Inc., Term Loan, 3.957%, (1 mo. USD LIBOR + 3.50%), 2/12/27 | 1,296 | 1,282,856 | |
Hub International Limited: | |||
Term Loan, 3.267%, (1 mo. USD LIBOR + 3.00%), 4/25/25 | 1,853 | 1,834,179 | |
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%) , 4/25/25 | 684 | 680,830 | |
NFP Corp., Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 2/15/27 | 1,360 | 1,337,418 | |
Ryan Specialty Group, LLC, Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), 9/1/27 | 714 | 710,554 | |
USI, Inc.: | |||
Term Loan, 4.006%, (3 mo. USD LIBOR + 3.00%), 5/16/24 | 1,242 | 1,235,572 | |
Term Loan, 4.256%, (3 mo. USD LIBOR + 3.25%), 12/2/26 | 1,530 | 1,521,109 | |
$ 11,204,528 | |||
Interactive Media & Services — 1.5% | |||
Buzz Merger Sub, Ltd., Term Loan, 3.207%, (1 mo. USD LIBOR + 2.75%), 1/29/27 | $ | 221 | $ 219,122 |
Camelot U.S. Acquisition 1 Co.: | |||
Term Loan, 3.457%, (1 mo. USD LIBOR + 3.00%), 10/30/26 | 709 | 700,183 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Interactive Media & Services (continued) | |||
Camelot U.S. Acquisition 1 Co.: (continued) | |||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 10/30/26 | $ | 444 | $ 440,931 |
Foundational Education Group, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 4.25%, Floor 0.50%), 8/31/28 | 249 | 249,375 | |
Getty Images, Inc., Term Loan, 5.063%, (3 mo. USD LIBOR + 4.50%), 2/19/26 | 1,291 | 1,285,706 | |
Match Group, Inc., Term Loan, 2.219%, (3 mo. USD LIBOR + 1.75%), 2/13/27 | 275 | 269,672 | |
$ 3,164,989 | |||
Internet & Direct Marketing Retail — 0.4% | |||
Adevinta ASA, Term Loan, 3.756%, (3 mo. USD LIBOR + 2.75%), 6/26/28 | $ | 124 | $ 122,450 |
CNT Holdings I Corp., Term Loan, 4.25%, (6 mo. USD LIBOR + 3.50%, Floor 0.75%), 11/8/27 | 297 | 295,775 | |
Hoya Midco, LLC, Term Loan, 3.75%, (SOFR + 3.25%, Floor 0.50%), 2/3/29 | 372 | 366,989 | |
$ 785,214 | |||
IT Services — 5.8% | |||
Asurion, LLC: | |||
Term Loan, 3.582%, (1 mo. USD LIBOR + 3.125%), 11/3/23 | $ | 945 | $ 940,641 |
Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 12/23/26 | 1,067 | 1,044,884 | |
Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 7/31/27 | 743 | 728,424 | |
Term Loan - Second Lien, 5.707%, (1 mo. USD LIBOR + 5.25%), 1/31/28 | 920 | 903,516 | |
Cyxtera DC Holdings, Inc., Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), 5/1/24 | 714 | 708,794 | |
Endure Digital, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 2/10/28 | 1,909 | 1,853,230 | |
EP Purchaser, LLC, Term Loan, 4.506%, (3 mo. USD LIBOR + 3.50%), 11/6/28 | 200 | 198,958 | |
Gainwell Acquisition Corp., Term Loan, 5.006%, (3 mo. USD LIBOR + 4.00%), 10/1/27 | 2,324 | 2,314,820 | |
Go Daddy Operating Company, LLC, Term Loan, 2.449%, (1 mo. USD LIBOR + 2.00%), 8/10/27 | 442 | 438,410 | |
Indy US Bidco, LLC, Term Loan, 4.207%, (1 mo. USD LIBOR + 3.75%), 3/5/28 | 272 | 270,555 | |
Informatica, LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%), 10/27/28 | 1,250 | 1,237,500 | |
NAB Holdings, LLC, Term Loan, 3.801%, (SOFR + 3.00%), 11/23/28 | 499 | 492,640 | |
Rackspace Technology Global, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 2.75%, Floor 0.75%), 2/15/28 | 569 | 558,932 |
7
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
IT Services (continued) | |||
Sedgwick Claims Management Services, Inc., Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 12/31/25 | $ | 460 | $ 455,624 |
Syniverse Holdings, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 3/9/23 | 360 | 350,820 | |
$ 12,497,748 | |||
Leisure Products — 0.1% | |||
Fender Musical Instruments Corporation, Term Loan, 4.50%, (SOFR + 4.00%, Floor 0.50%), 12/1/28 | $ | 150 | $ 148,713 |
$ 148,713 | |||
Life Sciences Tools & Services — 0.9% | |||
Cambrex Corporation, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 12/4/26 | $ | 123 | $ 122,589 |
Curia Global, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 8/30/26 | 815 | 809,712 | |
Loire Finco Luxembourg S.a.r.l., Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 4/21/27 | 123 | 120,065 | |
Packaging Coordinators Midco, Inc., Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 11/30/27 | 595 | 592,144 | |
Sotera Health Holdings, LLC, Term Loan, 3.25%, (3 mo. USD LIBOR + 2.75%, Floor 0.50%), 12/11/26 | 225 | 222,891 | |
$ 1,867,401 | |||
Machinery — 5.4% | |||
Alliance Laundry Systems, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 10/8/27 | $ | 440 | $ 435,341 |
American Trailer World Corp., Term Loan, 4.50%, (SOFR + 3.75%, Floor 0.75%), 3/3/28 | 398 | 384,279 | |
Conair Holdings, LLC, Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 5/17/28 | 672 | 662,054 | |
CPM Holdings, Inc., Term Loan, 3.731%, (1 mo. USD LIBOR + 3.50%), 11/17/25 | 121 | 119,274 | |
Delachaux Group S.A., Term Loan, 4.799%, (3 mo. USD LIBOR + 4.50%), 4/16/26 | 165 | 161,551 | |
DiversiTech Holdings, Inc.: | |||
Term Loan, 0.00%, 12/22/28(5) | 69 | 67,800 | |
Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 12/22/28 | 331 | 327,700 | |
Engineered Machinery Holdings, Inc., Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 5/19/28 | 1,090 | 1,077,698 | |
Filtration Group Corporation: | |||
Term Loan, 3.46%, (1 mo. USD LIBOR + 3.00%), 3/29/25 | 1,085 | 1,071,104 | |
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 10/21/28 | 348 | 345,420 | |
Gates Global, LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.50%, Floor 0.75%), 3/31/27 | 2,306 | 2,279,409 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Machinery (continued) | |||
Illuminate Buyer, LLC, Term Loan, 3.957%, (1 mo. USD LIBOR + 3.50%), 6/30/27 | $ | 305 | $ 295,414 |
Madison IAQ, LLC, Term Loan, 4.524%, (6 mo. USD LIBOR + 3.25%), 6/21/28 | 1,489 | 1,469,676 | |
Penn Engineering & Manufacturing Corp., Term Loan, 3.506%, (3 mo. USD LIBOR + 2.50%), 6/27/24 | 1,323 | 1,312,489 | |
Titan Acquisition Limited, Term Loan, 4.006%, (3 mo. USD LIBOR + 3.00%), 3/28/25 | 1,128 | 1,106,283 | |
Vertical US Newco, Inc., Term Loan, 4.011%, (USD LIBOR + 3.50%), 7/30/27(3) | 517 | 513,425 | |
$ 11,628,917 | |||
Media — 3.9% | |||
Charter Communications Operating, LLC, Term Loan, 2.21%, (1 mo. USD LIBOR + 1.75%), 2/1/27 | $ | 1,269 | $ 1,260,144 |
CMG Media Corporation, Term Loan, 3.957%, (1 mo. USD LIBOR + 3.50%), 12/17/26 | 684 | 674,989 | |
CSC Holdings, LLC: | |||
Term Loan, 2.647%, (1 mo. USD LIBOR + 2.25%), 1/15/26 | 388 | 381,730 | |
Term Loan, 2.897%, (1 mo. USD LIBOR + 2.50%), 4/15/27 | 460 | 452,671 | |
Cumulus Media New Holdings, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/31/26 | 130 | 129,482 | |
Diamond Sports Group, LLC: | |||
Term Loan, 9.00%, (SOFR + 8.00%, Floor 1.00%), 5/26/26 | 275 | 280,129 | |
Term Loan - Second Lien, 3.545%, (SOFR + 3.25%), 8/24/26 | 1,633 | 569,925 | |
Entravision Communications Corporation, Term Loan, 2.959%, (1 mo. USD LIBOR + 2.75%), 11/29/24 | 300 | 293,071 | |
Gray Television, Inc.: | |||
Term Loan, 2.731%, (1 mo. USD LIBOR + 2.50%), 1/2/26 | 234 | 232,532 | |
Term Loan, 3.231%, (1 mo. USD LIBOR + 3.00%), 12/1/28 | 449 | 447,238 | |
iHeartCommunications, Inc.: | |||
Term Loan, 3.457%, (1 mo. USD LIBOR + 3.00%), 5/1/26 | 776 | 773,057 | |
Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 5/1/26 | 156 | 155,403 | |
Magnite, Inc., Term Loan, 5.765%, (USD LIBOR + 5.00%), 4/28/28(3) | 273 | 270,890 | |
MJH Healthcare Holdings, LLC, Term Loan, 4.00%, (SOFR + 3.50%, Floor 0.50%), 1/28/29 | 125 | 123,438 | |
Nexstar Broadcasting, Inc.: | |||
Term Loan, 2.707%, (1 mo. USD LIBOR + 2.25%), 1/17/24 | 262 | 261,266 | |
Term Loan, 2.731%, (1 mo. USD LIBOR + 2.50%), 9/18/26 | 173 | 172,082 |
8
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
Media (continued) | |||
Recorded Books, Inc., Term Loan, 4.387%, (1 mo. USD LIBOR + 4.00%), 8/29/25 | $ | 94 | $ 93,622 |
Sinclair Television Group, Inc., Term Loan, 2.96%, (1 mo. USD LIBOR + 2.50%), 9/30/26 | 244 | 236,945 | |
Univision Communications, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 3/15/24 | 1,661 | 1,658,267 | |
$ 8,466,881 | |||
Metals/Mining — 1.2% | |||
Dynacast International, LLC, Term Loan, 10.00%, (3 mo. USD LIBOR + 9.00%, Floor 1.00%), 10/22/25 | $ | 246 | $ 247,373 |
PMHC II, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), 3/31/25 | 724 | 722,240 | |
WireCo WorldGroup, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 11/13/28 | 223 | 221,245 | |
Zekelman Industries, Inc., Term Loan, 2.457%, (1 mo. USD LIBOR + 2.00%), 1/24/27 | 1,499 | 1,476,448 | |
$ 2,667,306 | |||
Oil, Gas & Consumable Fuels — 1.7% | |||
Buckeye Partners, L.P., Term Loan, 2.707%, (1 mo. USD LIBOR + 2.25%), 11/1/26 | $ | 1,029 | $ 1,023,218 |
Centurion Pipeline Company, LLC: | |||
Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 9/29/25 | 97 | 95,500 | |
Term Loan, 4.457%, (1 mo. USD LIBOR + 4.00%), 9/28/25 | 99 | 97,516 | |
CITGO Holding, Inc., Term Loan, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), 8/1/23 | 98 | 96,555 | |
CITGO Petroleum Corporation, Term Loan, 7.25%, (1 mo. USD LIBOR + 6.25%, Floor 1.00%), 3/28/24 | 862 | 861,838 | |
Freeport LNG Investments, LLP, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/21/28 | 300 | 298,163 | |
Oryx Midstream Services Permian Basin, LLC, Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 10/5/28 | 374 | 371,432 | |
Oxbow Carbon, LLC, Term Loan, 5.00%, (1 mo. USD LIBOR + 4.25%, Floor 0.75%), 10/17/25 | 116 | 115,047 | |
QuarterNorth Energy Holding, Inc., Term Loan - Second Lien, 9.00%, (3 mo. USD LIBOR + 8.00%, Floor 1.00%), 8/27/26 | 423 | 425,336 | |
UGI Energy Services, LLC, Term Loan, 4.207%, (1 mo. USD LIBOR + 3.75%), 8/13/26 | 389 | 388,757 | |
$ 3,773,362 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Paper & Forest Products — 0.2% | |||
Neenah, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 4/6/28 | $ | 543 | $ 540,708 |
$ 540,708 | |||
Personal Products — 0.4% | |||
HLF Financing S.a.r.l., Term Loan, 2.957%, (1 mo. USD LIBOR + 2.50%), 8/18/25 | $ | 376 | $ 369,386 |
Sunshine Luxembourg VII S.a.r.l., Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 10/1/26 | 446 | 443,133 | |
$ 812,519 | |||
Pharmaceuticals — 1.8% | |||
Amneal Pharmaceuticals, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%), 5/4/25 | $ | 1,340 | $ 1,322,331 |
Bausch Health Companies, Inc., Term Loan, 3.457%, (1 mo. USD LIBOR + 3.00%), 6/2/25 | 302 | 299,597 | |
Elanco Animal Health Incorporated, Term Loan, 1.98%, (1 mo. USD LIBOR + 1.75%), 8/1/27 | 732 | 721,680 | |
Horizon Therapeutics USA, Inc., Term Loan, 2.25%, (1 mo. USD LIBOR + 1.75%, Floor 0.50%), 3/15/28 | 817 | 810,012 | |
Jazz Financing Lux S.a.r.l., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 5/5/28 | 695 | 693,254 | |
$ 3,846,874 | |||
Professional Services — 2.2% | |||
APFS Staffing Holdings, Inc., Term Loan, 4.75%, (SOFR + 4.25%, Floor 0.50%), 12/29/28 | $ | 125 | $ 124,610 |
CoreLogic, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 6/2/28 | 2,687 | 2,650,232 | |
Deerfield Dakota Holding, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 4/9/27 | 786 | 783,740 | |
First Advantage Holdings, LLC, Term Loan, 3.207%, (1 mo. USD LIBOR + 2.75%), 1/31/27 | 257 | 255,595 | |
Trans Union, LLC, Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 12/1/28 | 825 | 819,372 | |
Vaco Holdings, LLC, Term Loan, 5.75%, (SOFR + 5.00%, Floor 0.75%), 1/21/29 | 125 | 123,882 | |
$ 4,757,431 | |||
Real Estate Management & Development — 1.0% | |||
Cushman & Wakefield U.S. Borrower, LLC, Term Loan, 3.207%, (1 mo. USD LIBOR + 2.75%), 8/21/25 | $ | 2,129 | $ 2,104,100 |
$ 2,104,100 |
9
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
Road & Rail — 2.3% | |||
Grab Holdings, Inc., Term Loan, 5.50%, (6 mo. USD LIBOR + 4.50%, Floor 1.00%), 1/29/26 | $ | 891 | $ 873,180 |
Kenan Advantage Group, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/24/26 | 938 | 927,337 | |
Uber Technologies, Inc.: | |||
Term Loan, 3.957%, (1 mo. USD LIBOR + 3.50%), 4/4/25 | 1,314 | 1,311,527 | |
Term Loan, 3.957%, (1 mo. USD LIBOR + 3.50%), 2/25/27 | 1,904 | 1,899,719 | |
$ 5,011,763 | |||
Semiconductors & Semiconductor Equipment — 0.6% | |||
Allegro Microsystems, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 9/30/27 | $ | 17 | $ 17,221 |
Altar Bidco, Inc., Term Loan, 3.85%, (SOFR + 3.35%, Floor 0.50%), 2/1/29 | 600 | 593,250 | |
Cohu, Inc., Term Loan, 3.519%, (6 mo. USD LIBOR + 3.00%), 10/1/25 | 90 | 89,859 | |
MACOM Technology Solutions Holdings, Inc., Term Loan, 2.707%, (1 mo. USD LIBOR + 2.25%), 5/17/24 | 103 | 102,511 | |
Ultra Clean Holdings, Inc., Term Loan, 4.207%, (1 mo. USD LIBOR + 3.75%), 8/27/25 | 459 | 457,619 | |
$ 1,260,460 | |||
Software — 25.2% | |||
Applied Systems, Inc.: | |||
Term Loan, 4.006%, (3 mo. USD LIBOR + 3.00%), 9/19/24 | $ | 3,421 | $ 3,403,025 |
Term Loan - Second Lien, 6.506%, (3 mo. USD LIBOR + 5.50%), 9/19/25 | 173 | 172,623 | |
AppLovin Corporation: | |||
Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 10/25/28 | 698 | 694,268 | |
Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 8/15/25 | 1,823 | 1,816,005 | |
Aptean, Inc., Term Loan, 4.707%, (1 mo. USD LIBOR + 4.25%), 4/23/26 | 317 | 313,212 | |
AQA Acquisition Holding, Inc., Term Loan, 5.256%, (3 mo. USD LIBOR + 4.25%), 3/3/28 | 347 | 346,217 | |
Astra Acquisition Corp., Term Loan, 5.75%, (1 mo. USD LIBOR + 5.25%, Floor 0.50%), 10/25/28 | 848 | 829,858 | |
Banff Merger Sub, Inc.: | |||
Term Loan, 4.207%, (1 mo. USD LIBOR + 3.75%), 10/2/25 | 3,119 | 3,104,125 | |
Term Loan - Second Lien, 6.00%, (1 mo. USD LIBOR + 5.50%, Floor 0.50%), 2/27/26 | 400 | 397,125 | |
Barracuda Networks, Inc., Term Loan, 4.733%, (3 mo. USD LIBOR + 3.75%), 2/12/25 | 1,092 | 1,088,575 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Software (continued) | |||
Ceridian HCM Holding, Inc., Term Loan, 2.957%, (1 mo. USD LIBOR + 2.50%), 4/30/25 | $ | 555 | $ 550,020 |
Cloudera, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/8/28 | 1,225 | 1,214,281 | |
Cornerstone OnDemand, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/16/28 | 625 | 619,531 | |
Delta TopCo, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/1/27 | 571 | 562,433 | |
E2open, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 2/4/28 | 1,836 | 1,817,773 | |
ECI Macola Max Holding, LLC, Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 11/9/27 | 1,534 | 1,518,260 | |
Epicor Software Corporation, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 7/30/27 | 3,486 | 3,462,702 | |
Finastra USA, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/13/24 | 2,591 | 2,560,974 | |
Fiserv Investment Solutions, Inc., Term Loan, 4.488%, (3 mo. USD LIBOR + 4.00%), 2/18/27 | 221 | 220,510 | |
GoTo Group, Inc., Term Loan, 5.218%, (1 mo. USD LIBOR + 4.75%), 8/31/27 | 765 | 753,674 | |
Greeneden U.S. Holdings II, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/1/27 | 347 | 346,392 | |
Hyland Software, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 7/1/24 | 3,624 | 3,610,672 | |
Imperva, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 1/12/26 | 246 | 243,561 | |
Ivanti Software, Inc.: | |||
Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/1/27 | 272 | 268,251 | |
Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), 12/1/27 | 1,045 | 1,031,878 | |
MA FinanceCo., LLC, Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 6/5/25 | 646 | 641,847 | |
Magenta Buyer, LLC, Term Loan, 5.75%, (3 mo. USD LIBOR + 5.00%, Floor 0.75%), 7/27/28 | 1,646 | 1,634,044 | |
Marcel LUX IV S.a.r.l.: | |||
Term Loan, 3.707%, (1 mo. USD LIBOR + 3.25%), 3/15/26 | 585 | 581,306 | |
Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/31/27 | 39 | 38,932 | |
Mavenir Systems, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.75%, Floor 0.50%), 8/18/28 | 175 | 174,016 | |
McAfee, LLC, Term Loan, 4.50%, (SOFR + 4.00%, Floor 0.50%), 3/1/29 | 1,300 | 1,291,550 | |
Mediaocean, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/15/28 | 300 | 297,500 | |
MH Sub I, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 9/13/24 | 174 | 172,735 |
10
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Borrower/Description | Principal Amount (000's omitted) | Value | |
Software (continued) | |||
Panther Commercial Holdings, L.P., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.50%, Floor 0.50%), 1/7/28 | $ | 397 | $ 395,585 |
Polaris Newco, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 6/2/28 | 1,294 | 1,286,520 | |
Proofpoint, Inc., Term Loan, 3.758%, (3 mo. USD LIBOR + 3.25%), 8/31/28 | 1,097 | 1,086,534 | |
RealPage, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 4/24/28 | 2,736 | 2,709,572 | |
Seattle Spinco, Inc., Term Loan, 3.207%, (1 mo. USD LIBOR + 2.75%), 6/21/24 | 923 | 912,963 | |
SolarWinds Holdings, Inc., Term Loan, 3.207%, (1 mo. USD LIBOR + 2.75%), 2/5/24 | 1,402 | 1,385,156 | |
Sophia, L.P., Term Loan, 4.256%, (3 mo. USD LIBOR + 3.25%), 10/7/27 | 2,153 | 2,134,007 | |
Sovos Compliance, LLC: | |||
Term Loan, 4.50%, 8/11/28(5) | 48 | 47,860 | |
Term Loan, 5.00%, (1 mo. USD LIBOR + 4.50%, Floor 0.50%), 8/11/28 | 276 | 276,448 | |
SS&C European Holdings S.a.r.l., Term Loan, 2.21%, (1 mo. USD LIBOR + 1.75%), 4/16/25 | 242 | 239,296 | |
SS&C Technologies, Inc., Term Loan, 2.21%, (1 mo. USD LIBOR + 1.75%), 4/16/25 | 299 | 294,779 | |
SurveyMonkey, Inc., Term Loan, 4.21%, (1 mo. USD LIBOR + 3.75%), 10/10/25 | 1,313 | 1,306,592 | |
Tibco Software, Inc., Term Loan, 4.21%, (1 mo. USD LIBOR + 3.75%), 6/30/26 | 2,614 | 2,601,135 | |
Turing Midco, LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 3/23/28 | 124 | 122,862 | |
Ultimate Software Group, Inc. (The): | |||
Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 5/4/26 | 1,753 | 1,741,146 | |
Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 5/4/26 | 634 | 632,430 | |
Valkyr Purchaser, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/5/27 | 297 | 295,948 | |
Veritas US, Inc., Term Loan, 6.006%, (3 mo. USD LIBOR + 5.00%), 9/1/25 | 1,034 | 973,087 | |
VS Buyer, LLC, Term Loan, 3.457%, (1 mo. USD LIBOR + 3.00%), 2/28/27 | 441 | 438,244 | |
$ 54,658,039 | |||
Specialty Retail — 2.9% | |||
Belron Finance US, LLC, Term Loan, 3.25%, (3 mo. USD LIBOR + 2.75%, Floor 0.50%), 4/13/28 | $ | 347 | $ 343,771 |
Great Outdoors Group, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/6/28 | 1,037 | 1,034,484 | |
Harbor Freight Tools USA, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 10/19/27 | 1,582 | 1,552,474 |
Borrower/Description | Principal Amount (000's omitted) | Value | |
Specialty Retail (continued) | |||
Les Schwab Tire Centers, Term Loan, 4.00%, (6 mo. USD LIBOR + 3.25%, Floor 0.75%), 11/2/27 | $ | 2,226 | $ 2,203,153 |
Mattress Firm, Inc., Term Loan, 5.64%, (6 mo. USD LIBOR + 4.25%), 9/25/28 | 572 | 561,398 | |
PetSmart, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/11/28 | 547 | 545,608 | |
$ 6,240,888 | |||
Technology Hardware, Storage & Peripherals — 0.2% | |||
NCR Corporation, Term Loan, 2.80%, (3 mo. USD LIBOR + 2.50%), 8/28/26 | $ | 366 | $ 361,969 |
$ 361,969 | |||
Trading Companies & Distributors — 2.2% | |||
Avolon TLB Borrower 1 (US), LLC, Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 12/1/27 | $ | 741 | $ 735,070 |
DXP Enterprises, Inc., Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), 12/16/27 | ��� 247 | 245,435 | |
Electro Rent Corporation, Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 1/31/24 | 861 | 860,582 | |
Hillman Group, Inc. (The): | |||
Term Loan, 3.197%, (1 mo. USD LIBOR + 2.75%), 7/14/28 | 123 | 120,677 | |
Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 7/14/28(5) | 30 | 29,038 | |
Park River Holdings, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 12/28/27 | 248 | 243,104 | |
Spin Holdco, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 3/4/28 | 1,658 | 1,648,922 | |
SRS Distribution, Inc.: | |||
Term Loan, 4.00%, (USD LIBOR + 3.50%, Floor 0.50%), 6/2/28(3) | 423 | 417,166 | |
Term Loan, 4.00%, (SOFR + 3.50%, Floor 0.50%), 6/2/28 | 175 | 172,539 | |
TricorBraun Holdings, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 3/3/28 | 298 | 291,262 | |
$ 4,763,795 | |||
Utilities — 0.5% | |||
CQP Holdco L.P., Term Loan, 4.756%, (3 mo. USD LIBOR + 3.75%), 6/5/28 | $ | 993 | $ 988,261 |
$ 988,261 | |||
Total Senior Floating-Rate Loans (identified cost $271,054,053) | $267,760,643 |
11
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
Short-Term Investments — 3.5% |
Description | Units | Value | |
Eaton Vance Cash Reserves Fund, LLC, 0.19%(8) | 7,610,879 | $ 7,610,118 | |
Total Short-Term Investments (identified cost $7,609,222) | $ 7,610,118 | ||
Total Investments — 130.9% (identified cost $286,886,001) | $283,652,679 | ||
Less Unfunded Loan Commitments — (0.1)% | $ (300,673) | ||
Net Investments — 130.8% (identified cost $286,585,328) | $283,352,006 | ||
Notes Payable — (19.8)% | $(43,000,000) | ||
Variable Rate Term Preferred Shares, at Liquidation Value — (14.8)% | $(32,000,000) | ||
Other Assets, Less Liabilities — 3.8% | $ 8,291,352 | ||
Net Assets Applicable to Common Shares — 100.0% | $216,643,358 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares. | |
(1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At March 31, 2022, the aggregate value of these securities is $1,532,332 or 0.7% of the Trust's net assets applicable to common shares. |
(2) | 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”) or the Secured Overnight Financing Rate ("SOFR") 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. Rates for SOFR are generally 1 or 3-month tenors and may also be subject to a credit spread adjustment. Senior loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold. |
(3) | The stated interest rate represents the weighted average interest rate at March 31, 2022 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. |
(4) | This Senior Loan will settle after March 31, 2022, at which time the interest rate will be determined. |
(5) | Unfunded or partially 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. 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 March 31, 2022 the total value of unfunded loan commitments is $298,160. |
(6) | Fixed-rate loan. |
(7) | Amount is less than 0.05%. |
(8) | Affiliated investment company, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2022. |
Abbreviations: | |
LIBOR | – London Interbank Offered Rate |
PIK | – Payment In Kind |
SOFR | – Secured Overnight Financing Rate |
Currency Abbreviations: | |
USD | – United States Dollar |
12
Eaton Vance
Floating-Rate 2022 Target Term Trust
March 31, 2022
Portfolio of Investments (Unaudited) — continued
The Trust did not have any open derivative instruments at March 31, 2022.
Affiliated Investments
At March 31, 2022, the value of the Trust's investment in affiliated funds was $7,610,118, which represents 3.5% of the Trust's net assets applicable to common shares. Transactions in affiliated funds by the Trust for the fiscal year to date ended March 31, 2022 were as follows:
Name | 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 | $6,441,904 | $80,081,692 | $(78,913,666) | $(695) | $883 | $7,610,118 | $3,056 | 7,610,879 |
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 March 31, 2022, 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 |
Corporate Bonds | $ — | $ 8,281,918 | $ — | $ 8,281,918 |
Senior Floating-Rate Loans (Less Unfunded Loan Commitments) | — | 267,459,970 | — | 267,459,970 |
Short-Term Investments | — | 7,610,118 | — | 7,610,118 |
Total Investments | $ — | $283,352,006 | $ — | $283,352,006 |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended March 31, 2022 is not presented.
For information on the Trust's policy regarding the valuation of investments and other significant accounting policies, please refer to the Trust's most recent financial statements included in its semiannual or annual report to shareholders.
13