Eaton Vance Floating-Rate Income Plus Fund

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-22821

 

 

Eaton Vance Floating-Rate Income Plus Fund

(Exact Name of Registrant as Specified in Charter)

 

 

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

 

 

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

 

 

(617) 482-8260

(Registrant’s Telephone Number)

May 31

Date of Fiscal Year End

November 30, 2018

Date of Reporting Period

 

 

 


Item 1. Reports to Stockholders


LOGO

 

 

Eaton Vance

Floating-Rate Income Plus Fund (EFF)

Semiannual Report

November 30, 2018

 

 

 

 

 

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 calling 1-866-439-6787. 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.

 

LOGO


 

 

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 Report November 30, 2018

Eaton Vance

Floating-Rate Income Plus Fund

 

Table of Contents   

Performance

     2  

Fund Profile

     2  

Endnotes and Additional Disclosures

     3  

Financial Statements

     4  

Officers and Trustees

     36  

Important Notices

     37  


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Performance1,2

 

Portfolio Managers Scott H. Page, CFA, Craig P. Russ and Kathleen C. Gaffney, CFA

 

% Average Annual Total Returns    Inception Date      Six Months      One Year      Five Years      Since
Inception
 

Fund at NAV

     06/28/2013        –0.02      2.22      4.41      4.87

Fund at Market Price

            –8.03        –2.21        3.12        2.05  

S&P/LSTA Leveraged Loan Index

            1.00      3.47      3.68      3.85
              
% Premium/Discount to NAV3                                        
                 –13.74
              
Distributions4                                        

Total Distributions per share for the period

               $ 0.458  

Distribution Rate at NAV

                 5.47

Distribution Rate at Market Price

                 6.35
              
% Total Leverage5                                        

Borrowings

                 26.38

Variable Rate Term Preferred Shares (VRTP Shares)

                 9.28  

Fund Profile

 

 

Credit Quality (% of bonds, loans and mortgage-backed securities)6

 

LOGO

    

Asset Allocation (% of total investments)7

 

LOGO

 

 

See Endnotes and Additional Disclosures in this report.

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

 

  2  


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Endnotes and Additional Disclosures

 

 

1

S&P/LSTA Leveraged Loan Index is an unmanaged index of the institutional leveraged loan market. 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 from their net asset value. The discount or premium of the Fund may vary over time and may be higher or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to http://eatonvance.com/closedend.

 

4

The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period. The Fund’s distributions may be comprised of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. For additional information about nondividend distributions, please refer to Eaton Vance Closed- End Fund Distribution Notices (19a) posted on our website, eatonvance.com. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-Tax Character of Distributions on the Fund’s webpage available at eatonvance.com. The Fund’s distributions are determined by the investment adviser based on its current assessment of the Fund’s long-term return potential. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.

5

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

 

6

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.

 

7

Other represents any investment type less than 1.0% of total investments. Asset allocation as a percentage of the Fund’s net assets amounted to 156.1%.

 

  

Fund profile subject to change due to active management.

 

 

  3  


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited)

 

 

Senior Floating-Rate Loans — 135.0%(1)

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Aerospace and Defense — 2.4%  
Accudyne Industries, LLC                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing August 18, 2024

    $ 157     $ 154,562  
TransDigm, Inc.                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing June 9, 2023

      1,533       1,502,652  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing August 22, 2024

      1,330       1,298,453  
Wesco Aircraft Hardware Corp.                  

Term Loan, 5.35%, (1 mo. USD LIBOR + 3.00%), Maturing November 30, 2020

            203       201,994  
                    $ 3,157,661  
Automotive — 2.7%  
American Axle and Manufacturing, Inc.                  

Term Loan, 4.64%, (USD LIBOR + 2.25%), Maturing April 6, 2024(2)

    $ 731     $ 706,022  
Belron Finance US, LLC                  

Term Loan, 4.84%, (3 mo. USD LIBOR + 2.25%), Maturing November 7, 2024

      124       122,822  
Chassix, Inc.                  

Term Loan, 8.29%, (3 mo. USD LIBOR + 5.50%), Maturing November 15, 2023

      347       347,809  
Dayco Products, LLC                  

Term Loan, 6.96%, (3 mo. USD LIBOR + 4.25%), Maturing May 19, 2023

      245       246,705  
Horizon Global Corporation                  

Term Loan, 8.34%, (1 mo. USD LIBOR + 6.00%), Maturing June 30, 2021

      92       85,549  
L&W, Inc.                  

Term Loan, 6.32%, (1 mo. USD LIBOR + 4.00%), Maturing May 22, 2025

      175       174,999  
Tenneco, Inc.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing October 1, 2025

      825       809,016  
Thor Industries, Inc.                  

Term Loan, Maturing October 30, 2025(3)

      375       371,016  
TI Group Automotive Systems, LLC                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing June 30, 2022

      239       235,562  
Tower Automotive Holdings USA, LLC                  

Term Loan, 5.13%, (1 mo. USD LIBOR + 2.75%), Maturing March 7, 2024

            410       405,826  
                    $ 3,505,326  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Beverage and Tobacco — 0.8%  
Arterra Wines Canada, Inc.                  

Term Loan, 5.09%, (3 mo. USD LIBOR + 2.75%), Maturing December 15, 2023

    $ 590     $ 586,005  
Flavors Holdings, Inc.                  

Term Loan - Second Lien, 12.39%, (3 mo. USD LIBOR + 10.00%), Maturing October 3, 2021

            500       437,500  
                    $ 1,023,505  
Brokerage / Securities Dealers / Investment Houses — 0.4%  
Advisor Group, Inc.                  

Term Loan, 6.05%, (1 mo. USD LIBOR + 3.75%), Maturing August 15, 2025

    $ 125     $ 125,078  
Aretec Group, Inc.                  

Term Loan, 6.59%, (1 mo. USD LIBOR + 4.25%), Maturing October 1, 2025

      275       273,797  
OZ Management L.P.                  

Term Loan, 7.25%, (2 mo. USD LIBOR + 4.75%), Maturing April 10, 2023

            120       118,800  
                    $ 517,675  
Building and Development — 3.6%  
American Builders & Contractors Supply Co., Inc.                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing October 31, 2023

    $ 591     $ 576,277  
Beacon Roofing Supply, Inc.                  

Term Loan, 4.57%, (1 mo. USD LIBOR + 2.25%), Maturing January 2, 2025

      149       145,519  
Brookfield Property REIT, Inc.                  

Term Loan, 4.85%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025

      225       218,250  
Core & Main L.P.                  

Term Loan, 5.53%, (3 mo. USD LIBOR + 3.00%), Maturing August 1, 2024

      173       171,842  
CPG International, Inc.                  

Term Loan, 6.25%, (6 mo. USD LIBOR + 3.75%), Maturing May 5, 2024

      532       529,056  
DTZ U.S. Borrower, LLC                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing August 21, 2025

      1,275       1,257,861  
Ply Gem Midco, Inc.                  

Term Loan, 6.18%, (3 mo. USD LIBOR + 3.75%), Maturing April 12, 2025

      175       171,573  
Quikrete Holdings, Inc.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing November 15, 2023

      601       590,230  
 

 

  4   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Building and Development (continued)  
Realogy Group, LLC                  

Term Loan, 4.56%, (1 mo. USD LIBOR + 2.25%), Maturing February 8, 2025

    $ 449     $ 440,983  
Summit Materials Companies I, LLC                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing November 21, 2024

      149       146,177  
Werner FinCo L.P.                  

Term Loan, 6.30%, (1 mo. USD LIBOR + 4.00%), Maturing July 24, 2024

      347       336,346  
WireCo WorldGroup, Inc.                  

Term Loan, 7.34%, (1 mo. USD LIBOR + 5.00%), Maturing September 30, 2023

            147       147,490  
                    $ 4,731,604  
Business Equipment and Services — 11.9%  
Acosta Holdco, Inc.                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing September 26, 2021

    $ 743     $ 518,018  
Adtalem Global Education, Inc.                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing April 11, 2025

      100       99,625  
AlixPartners, LLP                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing April 4, 2024

      542       538,315  
AppLovin Corporation                  

Term Loan, 6.19%, (3 mo. USD LIBOR + 3.75%), Maturing August 15, 2025

      350       349,125  
ASGN Incorporated                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing April 2, 2025

      120       118,855  
Bracket Intermediate Holding Corp.                  

Term Loan, 6.57%, (3 mo. USD LIBOR + 4.25%), Maturing September 5, 2025

      200       200,750  
Camelot UK Holdco Limited                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing October 3, 2023

      264       261,429  
Cast and Crew Payroll, LLC                  

Term Loan, 5.10%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024

      595       585,825  
Ceridian HCM Holding, Inc.                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing April 30, 2025

      350       348,250  
Change Healthcare Holdings, LLC                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing March 1, 2024

      1,544       1,527,181  
Borrower/Tranche Description       

Principal

Amount

(000’s omitted)

    Value  
Business Equipment and Services (continued)  
Crossmark Holdings, Inc.                

Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing December 20, 2019

    $ 488     $ 192,701  
Cypress Intermediate Holdings III, Inc.                

Term Loan, 5.35%, (1 mo. USD LIBOR + 3.00%), Maturing April 26, 2024

      321       317,828  
EAB Global, Inc.                

Term Loan, 6.41%, (USD LIBOR + 3.75%), Maturing November 15, 2024(2)

      323       319,333  
Education Management, LLC                

Term Loan, 0.00%, Maturing July 2,
2020(4)(5)

      370       0  

Term Loan, 0.00%, Maturing July 2,
2020(4)(5)

      165       31,045  
EIG Investors Corp.                

Term Loan, 6.43%, (3 mo. USD LIBOR + 3.75%), Maturing February 9, 2023

      789       787,668  
Extreme Reach, Inc.                

Term Loan, 8.60%, (1 mo. USD LIBOR + 6.25%), Maturing February 7, 2020

      539       538,343  
First Data Corporation                

Term Loan, 4.32%, (1 mo. USD LIBOR + 2.00%), Maturing July 8, 2022

      545       536,831  
Garda World Security Corporation                

Term Loan, 5.82%, (3 mo. USD LIBOR + 3.50%), Maturing May 24, 2024

      464       462,829  
Global Payments, Inc.                

Term Loan, 4.09%, (1 mo. USD LIBOR + 1.75%), Maturing April 21, 2023

      76       75,839  
IG Investment Holdings, LLC                

Term Loan, 5.86%, (USD LIBOR + 3.50%), Maturing May 23, 2025(2)

      588       587,536  
Information Resources, Inc.                

Term Loan, Maturing December 1, 2025(3)

      350       346,500  
Iron Mountain, Inc.                

Term Loan, 4.09%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026

      199       195,682  
J.D. Power and Associates                

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing September 7, 2023

      540       539,555  
Kronos Incorporated                

Term Loan, 5.54%, (USD LIBOR + 3.00%), Maturing November 1, 2023(2)

      1,379       1,364,365  
Monitronics International, Inc.                

Term Loan, 7.89%, (3 mo. USD LIBOR + 5.50%), Maturing September 30, 2022

      221       208,556  
PGX Holdings, Inc.                

Term Loan, 7.60%, (1 mo. USD LIBOR + 5.25%), Maturing September 29, 2020

      253       246,714  
 

 

  5   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Business Equipment and Services (continued)  
Ping Identity Corporation                  

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing January 24, 2025

    $ 75     $ 74,251  
Pre-Paid Legal Services, Inc.                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2025

      92       91,291  
Prime Security Services Borrower, LLC                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2022

      614       608,927  
Red Ventures, LLC                  

Term Loan, 5.32%, (3 mo. USD LIBOR + 3.00%), Maturing November 8, 2024

      245       244,155  
Solera, LLC                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023

      672       664,506  
Spin Holdco, Inc.                  

Term Loan, 5.69%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2022

      846       831,792  
Tempo Acquisition, LLC                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024

      198       196,111  
Trans Union, LLC                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing June 19, 2025

      100       98,797  
Travelport Finance (Luxembourg) S.a.r.l.                  

Term Loan, 5.12%, (3 mo. USD LIBOR + 2.50%), Maturing March 17, 2025

      470       465,102  
Vestcom Parent Holdings, Inc.                  

Term Loan, 6.34%, (1 mo. USD LIBOR + 4.00%), Maturing December 19, 2023

      123       121,589  
WASH Multifamily Laundry Systems, LLC                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022

      228       224,525  
West Corporation                  

Term Loan, 6.53%, (USD LIBOR + 4.00%), Maturing October 10, 2024(2)

      273       269,760  
Worldpay, LLC                  

Term Loan, 4.06%, (1 mo. USD LIBOR + 1.75%), Maturing August 9, 2024

            448       445,107  
                    $ 15,634,611  
Cable and Satellite Television — 5.0%  
Charter Communications Operating, LLC                  

Term Loan, 4.35%, (1 mo. USD LIBOR + 2.00%), Maturing April 30, 2025

    $ 868     $ 860,730  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Cable and Satellite Television (continued)  
CSC Holdings, LLC                  

Term Loan, 4.56%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025

    $ 646     $ 636,468  

Term Loan, Maturing January 15, 2026(3)

      225       219,937  

Term Loan, 4.81%, (1 mo. USD LIBOR + 2.50%), Maturing January 25, 2026

      299       294,582  
Numericable Group S.A.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025

      443       415,270  
Radiate Holdco, LLC                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing February 1, 2024

      445       437,504  
Telenet Financing USD, LLC                  

Term Loan, 4.56%, (1 mo. USD LIBOR + 2.25%), Maturing August 15, 2026

      600       591,125  
Unitymedia Finance, LLC                  

Term Loan, 4.56%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026

      225       223,192  
UPC Financing Partnership                  

Term Loan, 4.81%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026

      500       494,437  
Virgin Media Bristol, LLC                  

Term Loan, 4.81%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026

      1,650       1,632,083  
Ziggo Secured Finance Partnership                  

Term Loan, 4.81%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2025

            850       831,406  
                    $ 6,636,734  
Chemicals and Plastics — 8.3%  
Alpha 3 B.V.                  

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing January 31, 2024

    $ 146     $ 145,488  
Aruba Investments, Inc.                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing February 2, 2022

      73       72,559  
Ashland, Inc.                  

Term Loan, 4.07%, (1 mo. USD LIBOR + 1.75%), Maturing May 17, 2024

      148       147,792  
Axalta Coating Systems US Holdings, Inc.                  

Term Loan, 4.14%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024

      997       985,011  
Cabot Microelectronics Corporation                  

Term Loan, 4.63%, (1 mo. USD LIBOR + 2.25%), Maturing November 14, 2025

      200       199,497  
 

 

  6   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description       

Principal

Amount

(000’s omitted)

    Value  
Chemicals and Plastics (continued)  
Emerald Performance Materials, LLC        

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2021

    $ 119     $ 118,748  

Term Loan - Second Lien, 10.09%, (1 mo. USD LIBOR + 7.75%), Maturing August 1, 2022

      150       150,094  
Ferro Corporation                

Term Loan, 4.64%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024

      74       73,396  

Term Loan, 4.64%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024

      75       74,991  
Flint Group GmbH                

Term Loan, 5.49%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021

      37       36,047  
Flint Group US, LLC                

Term Loan, 5.49%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021

      227       218,053  
Gemini HDPE, LLC                

Term Loan, 5.03%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024

      494       492,012  
H.B. Fuller Company                

Term Loan, 4.30%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024

      457       450,450  
Ineos US Finance, LLC                

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing March 31, 2024

      794       783,933  
Invictus US, LLC                

Term Loan, 5.50%, (2 mo. USD LIBOR + 3.00%), Maturing March 28, 2025

      124       123,857  
Kraton Polymers, LLC                

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing March 5, 2025

      215       214,332  
MacDermid, Inc.                

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing June 7, 2020

      350       350,411  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing June 7, 2023

      383       383,564  
Messer Industries GmbH                

Term Loan, Maturing October 1, 2025(3)

      325       321,262  
Minerals Technologies, Inc.                

Term Loan, 4.58%, (USD LIBOR + 2.25%), Maturing February 14, 2024(2)

      221       220,056  
Orion Engineered Carbons GmbH                

Term Loan, 4.39%, (3 mo. USD LIBOR + 2.00%), Maturing July 25, 2024

      295       294,616  
Platform Specialty Products Corporation        

Term Loan, Maturing November 15, 2025(3)

      150       148,781  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Chemicals and Plastics (continued)  
PMHC II, Inc.                  

Term Loan, 6.15%, (USD LIBOR + 3.50%), Maturing March 31, 2025(2)

    $ 430     $ 414,933  
PQ Corporation                  

Term Loan, 5.03%, (3 mo. USD LIBOR + 2.50%), Maturing February 8, 2025

      662       654,567  
Schenectady International Group, Inc.                  

Term Loan, 7.19%, (3 mo. USD LIBOR + 4.75%), Maturing October 15, 2025

      200       198,000  
Spectrum Holdings III Corp.                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing January 31, 2025

      136       132,762  
Starfruit Finco B.V.                  

Term Loan, 5.55%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025

      675       666,664  
Tata Chemicals North America, Inc.                  

Term Loan, 5.19%, (3 mo. USD LIBOR + 2.75%), Maturing August 7, 2020

      197       195,707  
Trinseo Materials Operating S.C.A.                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing September 9, 2024

      1,043       1,027,320  
Tronox Blocked Borrower, LLC                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing September 23, 2024

      255       252,897  
Tronox Finance, LLC                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing September 23, 2024

      589       583,609  
Unifrax I, LLC                  

Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing April 4, 2024

      123       122,052  
Univar, Inc.                  

Term Loan, 4.59%, (1 mo. USD LIBOR + 2.25%), Maturing July 1, 2024

            638       627,278  
                    $ 10,880,739  
Containers and Glass Products — 3.7%  
Berlin Packaging, LLC                  

Term Loan, 5.32%, (USD LIBOR + 3.00%), Maturing November 7, 2025(2)

    $ 50     $ 49,210  
Berry Global, Inc.                  

Term Loan, 4.32%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2022

      210       208,153  
BWAY Holding Company                  

Term Loan, 5.66%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024

      247       240,806  
 

 

  7   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Containers and Glass Products (continued)  
Consolidated Container Company, LLC                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024

    $ 99     $ 98,074  
Flex Acquisition Company, Inc.                  

Term Loan, 5.30%, (1 mo. USD LIBOR + 3.00%), Maturing December 29, 2023

      468       458,751  

Term Loan, 5.55%, (1 mo. USD LIBOR + 3.25%), Maturing June 29, 2025

      349       344,499  
Libbey Glass, Inc.                  

Term Loan, 5.32%, (1 mo. USD LIBOR + 3.00%), Maturing April 9, 2021

      279       273,618  
Pelican Products, Inc.                  

Term Loan, 5.81%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2025

      150       148,596  
Reynolds Group Holdings, Inc.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2023

      2,380       2,362,353  
Ring Container Technologies Group, LLC                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2024

      223       221,265  
Trident TPI Holdings, Inc.                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing October 17, 2024

            521       514,611  
                    $ 4,919,936  
Cosmetics / Toiletries — 0.3%  
KIK Custom Products, Inc.                  

Term Loan, 6.34%, (1 mo. USD LIBOR + 4.00%), Maturing May 15, 2023

          $ 434     $ 415,814  
                    $ 415,814  
Drugs — 6.1%  
Albany Molecular Research, Inc.                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing August 30, 2024

    $ 322     $ 319,096  
Amneal Pharmaceuticals, LLC                  

Term Loan, 5.88%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025

      823       822,228  
Arbor Pharmaceuticals, Inc.                  

Term Loan, 7.35%, (1 mo. USD LIBOR + 5.00%), Maturing July 5, 2023

      715       671,716  
Bausch Health Companies, Inc.                  

Term Loan, 5.31%, (1 mo. USD LIBOR + 3.00%), Maturing June 2, 2025

      1,501       1,488,312  
Endo Luxembourg Finance Company I S.a.r.l.                  

Term Loan, 6.63%, (1 mo. USD LIBOR + 4.25%), Maturing April 29, 2024

      1,160       1,159,436  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Drugs (continued)  
Horizon Pharma, Inc.                  

Term Loan, 5.38%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2024

    $ 975     $ 970,281  
Jaguar Holding Company II                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2022

      1,600       1,578,030  
Mallinckrodt International Finance S.A.                  

Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing September 24, 2024

      639       618,197  

Term Loan, 5.62%, (3 mo. USD LIBOR + 3.00%), Maturing February 24, 2025

      199       193,634  
PharMerica Corporation                  

Term Loan, 5.81%, (1 mo. USD LIBOR + 3.50%), Maturing December 6, 2024

            199       198,005  
                    $ 8,018,935  
Ecological Services and Equipment — 1.0%  
Advanced Disposal Services, Inc.                  

Term Loan, 4.47%, (1 week USD LIBOR + 2.25%), Maturing November 10, 2023

    $ 464     $ 459,257  
EnergySolutions, LLC                  

Term Loan, 6.14%, (3 mo. USD LIBOR + 3.75%), Maturing May 9, 2025

      274       268,826  
GFL Environmental, Inc.                  

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing May 30, 2025

      510       498,387  

Term Loan, 7.00%, (3 mo. USD Prime + 1.75%), Maturing May 30, 2025

            64       62,067  
                    $ 1,288,537  
Electronics / Electrical — 17.8%  
Almonde, Inc.                  

Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing June 13, 2024

    $ 836     $ 812,417  
Answers Finance, LLC                  

Term Loan - Second Lien, 9.00%, (3 mo. USD Prime + 7.90%, Cap 1.10%), Maturing September 15, 2021(4)

      76       61,052  
Applied Systems, Inc.                  

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing September 19, 2024

      695       693,632  
Aptean, Inc.                  

Term Loan, 6.64%, (3 mo. USD LIBOR + 4.25%), Maturing December 20, 2022

      279       278,448  
Avast Software B.V.                  

Term Loan, 4.89%, (3 mo. USD LIBOR + 2.50%), Maturing September 30, 2023

      326       325,173  
 

 

  8   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description       

Principal

Amount

(000’s omitted)

    Value  
Electronics / Electrical (continued)  
Barracuda Networks, Inc.                

Term Loan, 5.55%, (1 mo. USD LIBOR + 3.25%), Maturing February 12, 2025

    $ 348     $ 345,420  
Blackhawk Network Holdings, Inc.                

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing June 15, 2025

      175       172,904  
BMC Software Finance, Inc.                

Term Loan, 6.65%, (3 mo. USD LIBOR + 4.25%), Maturing October 2, 2025

      825       816,516  
Campaign Monitor Finance Pty. Limited                

Term Loan, 7.64%, (3 mo. USD LIBOR + 5.25%), Maturing March 18, 2021

      187       169,147  
Cohu, Inc.                

Term Loan, 5.40%, (3 mo. USD LIBOR + 3.00%), Maturing September 20, 2025

      175       172,375  
CommScope, Inc.                

Term Loan, 4.35%, (1 mo. USD LIBOR + 2.00%), Maturing December 29, 2022

      97       95,912  
CPI International, Inc.                

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing July 26, 2024

      149       147,572  
Cypress Semiconductor Corporation                

Term Loan, 4.35%, (1 mo. USD LIBOR + 2.00%), Maturing July 5, 2021

      252       250,698  
DigiCert, Inc.                

Term Loan, 6.34%, (1 mo. USD LIBOR + 4.00%), Maturing October 31, 2024

      749       745,846  
Electro Rent Corporation                

Term Loan, 7.49%, (3 mo. USD LIBOR + 5.00%), Maturing January 31, 2024

      295       296,040  
Energizer Holdings, Inc.                

Term Loan, Maturing June 20, 2025(3)

      125       122,344  
Epicor Software Corporation                

Term Loan, 5.60%, (1 mo. USD LIBOR + 3.25%), Maturing June 1, 2022

      546       539,743  
Exact Merger Sub, LLC                

Term Loan, 6.64%, (3 mo. USD LIBOR + 4.25%), Maturing September 27, 2024

      149       148,593  
EXC Holdings III Corp.                

Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing December 2, 2024

      124       123,752  
Financial & Risk US Holdings, Inc.                

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing October 1, 2025

      275       268,440  
Flexera Software, LLC                

Term Loan, 5.60%, (1 mo. USD LIBOR + 3.25%), Maturing February 26, 2025

      274       272,832  
Borrower/Tranche Description       

Principal

Amount

(000’s omitted)

    Value  
Electronics / Electrical (continued)  
GlobalLogic Holdings, Inc.                

Term Loan, 1.63%, Maturing August 1, 2025(6)

    $ 16     $ 15,566  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing August 1, 2025

      109       108,962  
Go Daddy Operating Company, LLC                

Term Loan, 4.59%, (1 mo. USD LIBOR + 2.25%), Maturing February 15, 2024

      1,282       1,270,734  
GTCR Valor Companies, Inc.                

Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing June 16, 2023

      353       350,780  
Hyland Software, Inc.                

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing July 1, 2024

      1,263       1,256,721  
Infoblox, Inc.                

Term Loan, 6.84%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023

      482       484,466  
Infor (US), Inc.                

Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing February 1, 2022

      1,856       1,835,307  
Informatica, LLC                

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing August 5, 2022

      644       642,959  
Lattice Semiconductor Corporation                

Term Loan, 6.57%, (1 mo. USD LIBOR + 4.25%), Maturing March 10, 2021

      439       440,729  
MA FinanceCo., LLC                

Term Loan, 4.59%, (1 mo. USD LIBOR + 2.25%), Maturing November 19, 2021

      503       495,134  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024

      118       116,338  
MACOM Technology Solutions Holdings, Inc.                

Term Loan, 4.59%, (1 mo. USD LIBOR + 2.25%), Maturing May 17, 2024

      292       282,180  
Microchip Technology Incorporated                

Term Loan, 4.35%, (1 mo. USD LIBOR + 2.00%), Maturing May 29, 2025

      543       540,226  
MTS Systems Corporation                

Term Loan, 5.56%, (1 mo. USD LIBOR + 3.25%), Maturing July 5, 2023

      277       275,507  
Renaissance Holding Corp.                

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing May 30, 2025

      274       270,884  
Seattle Spinco, Inc.                

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024

      800       785,908  
SGS Cayman L.P.                

Term Loan, 7.76%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021

      50       47,544  
 

 

  9   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description       

Principal

Amount

(000’s omitted)

    Value  
Electronics / Electrical (continued)  
SkillSoft Corporation                

Term Loan, 7.09%, (1 mo. USD LIBOR + 4.75%), Maturing April 28, 2021

    $ 1,235     $ 1,131,755  
SolarWinds Holdings, Inc.                

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2024

      248       247,474  
Southwire Company                

Term Loan, 4.31%, (1 mo. USD LIBOR + 2.00%), Maturing May 19, 2025

      125       123,908  
SS&C Technologies Holdings Europe S.a.r.l.                

Term Loan, 4.59%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025

      315       308,056  
SS&C Technologies, Inc.                

Term Loan, 4.59%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025

      826       808,806  
SurveyMonkey, Inc.                

Term Loan, 6.10%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025

      257       256,025  
Sutherland Global Services, Inc.                

Term Loan, 7.76%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021

      214       204,246  
Tibco Software, Inc.                

Term Loan, 5.85%, (1 mo. USD LIBOR + 3.50%), Maturing December 4, 2020

      148       147,707  
TriTech Software Systems                

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing August 29, 2025

      200       198,688  
Uber Technologies                

Term Loan, 5.81%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023

      907       894,318  

Term Loan, 6.32%, (1 mo. USD LIBOR + 4.00%), Maturing April 4, 2025

      549       543,977  
Ultra Clean Holdings, Inc.                

Term Loan, 6.84%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025

      200       195,500  
VeriFone Systems, Inc.                

Term Loan, 6.64%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025

      225       223,453  
Veritas Bermuda Ltd.                

Term Loan, 6.85%, (USD LIBOR + 4.50%), Maturing January 27, 2023(2)

      464       418,393  
Vero Parent, Inc.                

Term Loan, 6.84%, (1 mo. USD LIBOR + 4.50%), Maturing August 16, 2024

      569       571,385  
Wall Street Systems Delaware, Inc.                

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing November 21, 2024

      521       512,595  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Electronics / Electrical (continued)  
Western Digital Corporation                  

Term Loan, 4.06%, (3 mo. USD LIBOR + 1.75%), Maturing April 29, 2023

          $ 603     $ 587,148  
                    $ 23,452,235  
Equipment Leasing — 0.9%  
Avolon TLB Borrower 1 (US), LLC                  

Term Loan, 4.30%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2025

    $ 1,015     $ 1,006,154  
IBC Capital Limited                  

Term Loan, 6.09%, (3 mo. USD LIBOR + 3.75%), Maturing September 11, 2023

            124       123,597  
                    $ 1,129,751  
Financial Intermediaries — 4.1%  
Clipper Acquisitions Corp.                  

Term Loan, 4.06%, (1 mo. USD LIBOR + 1.75%), Maturing December 27, 2024

    $ 298     $ 296,944  
Ditech Holding Corporation                  

Term Loan, 8.34%, (1 mo. USD LIBOR + 6.00%), Maturing June 30, 2022

      767       688,197  
Donnelley Financial Solutions, Inc.                  

Term Loan, 5.22%, (1 week USD LIBOR + 3.00%), Maturing October 2, 2023

      38       38,249  
Focus Financial Partners, LLC                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing July 3, 2024

      424       421,023  
Fortress Investment Group, LLC                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing December 27, 2022

      233       231,251  
Franklin Square Holdings L.P.                  

Term Loan, 4.81%, (1 mo. USD LIBOR + 2.50%), Maturing August 1, 2025

      125       124,453  
Freedom Mortgage Corporation                  

Term Loan, 7.09%, (1 mo. USD LIBOR + 4.75%), Maturing February 23, 2022

      266       264,766  
Greenhill & Co., Inc.                  

Term Loan, 6.21%, (USD LIBOR + 3.75%), Maturing October 12, 2022(2)

      241       241,227  
GreenSky Holdings, LLC                  

Term Loan, 5.63%, (1 mo. USD LIBOR + 3.25%), Maturing March 31, 2025

      348       346,944  
Guggenheim Partners, LLC                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing July 21, 2023

      1,459       1,459,790  
 

 

  10   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Financial Intermediaries (continued)  
Harbourvest Partners, LLC                  

Term Loan, 4.56%, (1 mo. USD LIBOR + 2.25%), Maturing March 1, 2025

    $ 116     $ 115,550  
LPL Holdings, Inc.                  

Term Loan, 4.55%, (1 mo. USD LIBOR + 2.25%), Maturing September 23, 2024

      321       318,803  
Ocwen Financial Corporation                  

Term Loan, 7.32%, (1 mo. USD LIBOR + 5.00%), Maturing December 5, 2020

      70       70,421  
StepStone Group L.P.                  

Term Loan, 6.35%, (1 mo. USD LIBOR + 4.00%), Maturing March 14, 2025

      149       149,063  
Virtus Investment Partners, Inc.                  

Term Loan, 4.91%, (3 mo. USD LIBOR + 2.50%), Maturing June 1, 2024

      164       163,928  
Walker & Dunlop, Inc.                  

Term Loan, 4.59%, (1 mo. USD LIBOR + 2.25%), Maturing October 31, 2025

            500       499,375  
                    $ 5,429,984  
Food Products — 4.2%  
Alphabet Holding Company, Inc.                  

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024

    $ 569     $ 537,052  
Badger Buyer Corp.                  

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing September 30, 2024

      398       389,533  
CHG PPC Parent, LLC                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025

      100       98,625  
Del Monte Foods, Inc.                  

Term Loan, 5.91%, (3 mo. USD LIBOR + 3.25%), Maturing February 18, 2021

      646       554,695  
Dole Food Company, Inc.                  

Term Loan, 5.09%, (USD LIBOR + 2.75%), Maturing April 6, 2024(2)

      412       406,315  
Hearthside Food Solutions, LLC                  

Term Loan, 6.03%, (1 mo. USD LIBOR + 3.69%), Maturing May 23, 2025

      175       170,417  

Term Loan, 6.32%, (1 mo. USD LIBOR + 4.00%), Maturing May 31, 2025

      100       99,125  
High Liner Foods Incorporated                  

Term Loan, 5.65%, (3 mo. USD LIBOR + 3.25%), Maturing April 24, 2021

      201       188,385  
HLF Financing S.a.r.l.                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing August 18, 2025

      250       249,583  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Food Products (continued)  
Jacobs Douwe Egberts International B.V.                  

Term Loan, 4.56%, (3 mo. USD LIBOR + 2.00%), Maturing November 1, 2025

    $ 147     $ 146,273  
JBS USA, LLC                  

Term Loan, 4.84%, (3 mo. USD LIBOR + 2.50%), Maturing October 30, 2022

      2,088       2,068,002  
Nomad Foods Europe Midco Limited                  

Term Loan, 4.56%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024

      299       293,463  
Post Holdings, Inc.                  

Term Loan, 4.32%, (1 mo. USD LIBOR + 2.00%), Maturing May 24, 2024

      238       237,347  
Restaurant Technologies, Inc.                  

Term Loan, 5.65%, (3 mo. USD LIBOR + 3.25%), Maturing October 1, 2025

            50       49,969  
                    $ 5,488,784  
Food Service — 2.7%  
1011778 B.C. Unlimited Liability Company                  

Term Loan, 4.59%, (1 mo. USD LIBOR + 2.25%), Maturing February 16, 2024

    $ 1,586     $ 1,553,662  
Aramark Services, Inc.                  

Term Loan, 4.09%, (1 mo. USD LIBOR + 1.75%), Maturing March 11, 2025

      210       208,734  
Del Frisco’s Restaurant Group, Inc.                  

Term Loan, 8.38%, (1 mo. USD LIBOR + 6.00%), Maturing June 27, 2025

      150       142,892  
Dhanani Group, Inc.                  

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing July 20, 2025

      150       148,129  
IRB Holding Corp.                  

Term Loan, 5.57%, (1 mo. USD LIBOR + 3.25%), Maturing February 5, 2025

      449       445,118  
KFC Holding Co.                  

Term Loan, 4.05%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025

      245       243,671  
NPC International, Inc.                  

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing April 19, 2024

      222       213,300  
US Foods, Inc.                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing June 27, 2023

      199       196,930  
Welbilt, Inc.                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing October 23, 2025

            375       370,344  
                    $ 3,522,780  
 

 

  11   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Food / Drug Retailers — 1.4%  
Albertsons, LLC                  

Term Loan, 5.38%, (3 mo. USD LIBOR + 3.00%), Maturing December 21, 2022

    $ 491     $ 484,427  

Term Loan, 5.69%, (3 mo. USD LIBOR + 3.00%), Maturing June 22, 2023

      1,070       1,052,391  

Term Loan, 5.45%, (3 mo. USD LIBOR + 3.00%), Maturing November 17, 2025

      243       237,971  
Diplomat Pharmacy, Inc.                  

Term Loan, 6.85%, (1 mo. USD LIBOR + 4.50%), Maturing December 20, 2024

            121       121,655  
                    $ 1,896,444  
Health Care — 13.7%  
ADMI Corp.                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing April 30, 2025

    $ 399     $ 397,337  
Akorn, Inc.                  

Term Loan, 7.88%, (1 mo. USD LIBOR + 5.50%), Maturing April 16, 2021

      219       185,726  
Alliance Healthcare Services, Inc.                  

Term Loan, 6.84%, (1 mo. USD LIBOR + 4.50%), Maturing October 24, 2023

      246       246,250  
Athletico Management, LLC                  

Term Loan, 5.80%, (1 mo. USD LIBOR + 3.50%), Maturing October 31, 2025

      125       125,625  
Auris Luxembourg III S.a.r.l.                  

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing January 17, 2022

      193       192,534  
Avantor, Inc.                  

Term Loan, 6.07%, (1 mo. USD LIBOR + 3.75%), Maturing November 21, 2024

      794       794,372  
Beaver-Visitec International, Inc.                  

Term Loan, 6.39%, (3 mo. USD LIBOR + 4.00%), Maturing August 21, 2023

      196       196,009  
BioClinica, Inc.                  

Term Loan, 6.75%, (3 mo. USD LIBOR + 4.25%), Maturing October 20, 2023

      394       372,316  
BW NHHC Holdco, Inc.                  

Term Loan, 7.30%, (1 mo. USD LIBOR + 5.00%), Maturing May 15, 2025

      224       220,510  
Carestream Dental Equipment, Inc.                  

Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing September 1, 2024

      396       390,060  
CHG Healthcare Services, Inc.                  

Term Loan, 5.46%, (USD LIBOR + 3.00%), Maturing June 7, 2023(2)

      764       761,706  
Borrower/Tranche Description       

Principal

Amount

(000’s omitted)

    Value  
Health Care (continued)  
Community Health Systems, Inc.                

Term Loan, 5.96%, (3 mo. USD LIBOR + 3.25%), Maturing January 27, 2021

    $ 257     $ 251,585  
Concentra, Inc.                

Term Loan, 5.07%, (1 mo. USD LIBOR + 2.75%), Maturing June 1, 2022

      75       74,390  
Convatec, Inc.                

Term Loan, 4.64%, (3 mo. USD LIBOR + 2.25%), Maturing October 31, 2023

      148       146,734  
CPI Holdco, LLC                

Term Loan, 5.89%, (1 mo. USD LIBOR + 3.50%), Maturing March 21, 2024

      197       196,326  
CryoLife, Inc.                

Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2024

      124       123,907  
DJO Finance, LLC                

Term Loan, 5.62%, (USD LIBOR + 3.25%), Maturing June 8, 2020(2)

      532       531,792  
Envision Healthcare Corporation                

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025

      1,075       1,034,419  
Gentiva Health Services, Inc.                

Term Loan, 6.13%, (1 mo. USD LIBOR + 3.75%), Maturing July 2, 2025

      464       463,383  
GHX Ultimate Parent Corporation                

Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing June 28, 2024

      198       194,781  
Greatbatch Ltd.                

Term Loan, 5.32%, (1 mo. USD LIBOR + 3.00%), Maturing October 27, 2022

      292       291,778  
Grifols Worldwide Operations USA, Inc.                

Term Loan, 4.47%, (1 week USD LIBOR + 2.25%), Maturing January 31, 2025

      837       831,546  
Hanger, Inc.                

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing March 6, 2025

      249       248,439  
Indivior Finance S.a.r.l.                

Term Loan, 7.03%, (3 mo. USD LIBOR + 4.50%), Maturing December 18, 2022

      412       405,972  
Inovalon Holdings, Inc.                

Term Loan, 5.88%, (1 mo. USD LIBOR + 3.50%), Maturing April 2, 2025

      299       297,629  
IQVIA, Inc.                

Term Loan, 4.39%, (3 mo. USD LIBOR + 2.00%), Maturing January 17, 2025

      173       172,005  
Kinetic Concepts, Inc.                

Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing February 2, 2024

      642       640,270  
 

 

  12   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description       

Principal

Amount

(000’s omitted)

    Value  
Health Care (continued)  
KUEHG Corp.                

Term Loan, 6.14%, (3 mo. USD LIBOR + 3.75%), Maturing February 21, 2025

    $ 834     $ 831,907  
Medical Solutions, LLC                

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing June 9, 2024

      174       173,519  
MedPlast Holdings, Inc.                

Term Loan, 6.15%, (3 mo. USD LIBOR + 3.75%), Maturing July 2, 2025

      100       100,063  
MPH Acquisition Holdings, LLC                

Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing June 7, 2023

      1,078       1,060,236  
National Mentor Holdings, Inc.                

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing January 31, 2021

      143       143,116  
Navicure, Inc.                

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing November 1, 2024

      174       172,509  
New Millennium Holdco, Inc.                

Term Loan, 8.84%, (1 mo. USD LIBOR + 6.50%), Maturing December 21, 2020

      95       53,972  
One Call Corporation                

Term Loan, 7.56%, (1 mo. USD LIBOR + 5.25%), Maturing November 25, 2022

      316       289,298  
Ortho-Clinical Diagnostics S.A.                

Term Loan, 5.58%, (3 mo. USD LIBOR + 3.25%), Maturing June 30, 2025

      785       766,960  
Parexel International Corporation                

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024

      1,092       1,063,965  
Press Ganey Holdings, Inc.                

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing October 23, 2023

      172       170,272  
Prospect Medical Holdings, Inc.                

Term Loan, 7.88%, (1 mo. USD LIBOR + 5.50%), Maturing February 22, 2024

      274       274,651  
R1 RCM, Inc.                

Term Loan, 7.65%, (3 mo. USD LIBOR + 5.25%), Maturing May 8, 2025

      125       124,220  
RadNet, Inc.                

Term Loan, 6.22%, (3 mo. USD LIBOR + 3.75%), Maturing June 30, 2023

      362       361,904  
Select Medical Corporation                

Term Loan, 4.81%, (1 mo. USD LIBOR + 2.50%), Maturing March 6, 2025

      394       392,276  
Sotera Health Holdings, LLC                

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing May 15, 2022

      195       192,714  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Health Care (continued)  
Sound Inpatient Physicians                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing June 27, 2025

    $ 100     $ 99,563  
Surgery Center Holdings, Inc.                  

Term Loan, 5.60%, (1 mo. USD LIBOR + 3.25%), Maturing September 2, 2024

      248       244,483  
Syneos Health, Inc.                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing August 1, 2024

      98       97,042  
Team Health Holdings, Inc.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing February 6, 2024

      493       460,487  
Tecomet, Inc.                  

Term Loan, 5.82%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2024

      197       195,772  
U.S. Anesthesia Partners, Inc.                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing June 23, 2024

      396       395,672  
Universal Hospital Services, Inc.                  

Term Loan, Maturing October 18, 2025(3)

      100       99,750  
Verscend Holding Corp.                  

Term Loan, 6.84%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025

      350       348,797  
Wink Holdco, Inc.                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing December 2, 2024

            124       122,512  
                    $ 18,023,061  
Home Furnishings — 1.0%  
Bright Bidco B.V.                  

Term Loan, 5.87%, (USD LIBOR + 3.50%), Maturing June 30, 2024(2)

    $ 395     $ 363,757  
Serta Simmons Bedding, LLC                  

Term Loan, 5.81%, (1 mo. USD LIBOR + 3.50%), Maturing November 8, 2023

            1,056       943,088  
                    $ 1,306,845  
Industrial Equipment — 6.1%  
AL Alpine AT Bidco GmbH                  

Term Loan, 5.81%, (3 mo. USD LIBOR + 3.25%), Maturing October 31, 2025

    $ 50     $ 49,375  
Altra Industrial Motion Corp.                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2025

      175       173,961  
Apex Tool Group, LLC                  

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2022

      564       549,055  
 

 

  13   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description       

Principal

Amount

(000’s omitted)

    Value  
Industrial Equipment (continued)  
Clark Equipment Company                

Term Loan, 4.38%, (USD LIBOR + 2.00%), Maturing May 18, 2024(2)

    $ 399     $ 392,980  
CPM Holdings, Inc.                

Term Loan, 6.06%, (1 mo. USD LIBOR + 3.75%), Maturing November 15, 2025

      75       75,375  
Delachaux SA                

Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing October 28, 2021

      99       98,882  
DexKo Global, Inc.                

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing July 24, 2024

      497       494,984  
DXP Enterprises, Inc.                

Term Loan, 7.09%, (1 mo. USD LIBOR + 4.75%), Maturing August 29, 2023

      124       124,678  
Engineered Machinery Holdings, Inc.                

Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing July 19, 2024

      372       364,511  
EWT Holdings III Corp.                

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing December 20, 2024

      884       880,682  
Filtration Group Corporation                

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025

      373       371,201  
Gardner Denver, Inc.                

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing July 30, 2024

      259       258,455  
Gates Global, LLC                

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing April 1, 2024

      968       953,871  
Hamilton Holdco, LLC                

Term Loan, 4.40%, (3 mo. USD LIBOR + 2.00%), Maturing July 2, 2025

      200       197,505  
Hayward Industries, Inc.                

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing August 5, 2024

      99       98,051  
LTI Holdings, Inc.                

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing September 6, 2025

      100       96,750  
Milacron, LLC                

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2023

      604       594,268  
Paladin Brands Holding, Inc.                

Term Loan, 7.89%, (3 mo. USD LIBOR + 5.50%), Maturing August 15, 2022

      311       311,755  
Pro Mach Group, Inc.                

Term Loan, 5.32%, (1 mo. USD LIBOR + 3.00%), Maturing March 7, 2025

      50       48,714  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Industrial Equipment (continued)  
Rexnord, LLC                  

Term Loan, 4.35%, (1 mo. USD LIBOR + 2.00%), Maturing August 21, 2024

    $ 872     $ 867,981  
Robertshaw US Holding Corp.                  

Term Loan, 5.88%, (1 mo. USD LIBOR + 3.50%), Maturing February 28, 2025

      249       241,288  
Thermon Industries, Inc.                  

Term Loan, 6.05%, (1 mo. USD LIBOR + 3.75%), Maturing October 24, 2024

      88       87,830  
Titan Acquisition Limited                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025

            697       654,493  
                    $ 7,986,645  
Insurance — 4.6%  
Alliant Holdings I, Inc.                  

Term Loan, 5.06%, (1 mo. USD LIBOR + 2.75%), Maturing May 9, 2025

    $ 532     $ 523,188  
AmWINS Group, Inc.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing January 25, 2024

      493       489,617  
Asurion, LLC                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2022

      465       461,056  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2025

      1,326       1,317,662  

Term Loan - Second Lien, 8.84%, (1 mo. USD LIBOR + 6.50%), Maturing November 3, 2023

      575       587,938  
FrontDoor, Inc.                  

Term Loan, 4.88%, (1 mo. USD LIBOR + 2.50%), Maturing August 14, 2025

      100       99,500  
Hub International Limited                  

Term Loan, 5.49%, (3 mo. USD LIBOR + 3.00%), Maturing April 25, 2025

      1,147       1,129,759  
NFP Corp.                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing January 8, 2024

      544       533,483  
Sedgwick Claims Management Services, Inc.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing March 1, 2021

      274       272,745  
USI, Inc.                  

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024

            693       677,581  
                    $ 6,092,529  
 

 

  14   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Leisure Goods / Activities / Movies — 4.6%  
AMC Entertainment Holdings, Inc.                  

Term Loan, 4.56%, (1 mo. USD LIBOR + 2.25%), Maturing December 15, 2023

    $ 123     $ 122,026  
Ancestry.com Operations, Inc.                  

Term Loan, 5.60%, (1 mo. USD LIBOR + 3.25%), Maturing October 19, 2023

      711       708,996  
Bombardier Recreational Products, Inc.                  

Term Loan, 4.35%, (1 mo. USD LIBOR + 2.00%), Maturing May 23, 2025

      1,081       1,071,004  
CDS U.S. Intermediate Holdings, Inc.                  

Term Loan, 6.14%, (3 mo. USD LIBOR + 3.75%), Maturing July 8, 2022

      245       234,741  
ClubCorp Holdings, Inc.                  

Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024

      441       427,680  
Crown Finance US, Inc.                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing February 28, 2025

      473       464,776  
Delta 2 (LUX) S.a.r.l.                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2024

      439       425,511  
Emerald Expositions Holding, Inc.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024

      262       259,864  
Lindblad Expeditions, Inc.                  

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing March 21, 2025

      97       97,256  

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing March 21, 2025

      389       389,025  
Match Group, Inc.                  

Term Loan, 4.81%, (1 mo. USD LIBOR + 2.50%), Maturing November 16, 2022

      131       131,414  
Sabre GLBL, Inc.                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing February 22, 2024

      632       624,715  
SRAM, LLC                  

Term Loan, 5.21%, (USD LIBOR + 2.75%), Maturing March 15, 2024(2)

      225       224,398  
Steinway Musical Instruments, Inc.                  

Term Loan, 6.06%, (1 mo. USD LIBOR + 3.75%), Maturing February 13, 2025

      199       198,005  
Travel Leaders Group, LLC                  

Term Loan, 6.30%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024

      224       224,999  
UFC Holdings, LLC                  

Term Loan, 5.60%, (1 mo. USD LIBOR + 3.25%), Maturing August 18, 2023

            441       440,265  
                    $ 6,044,675  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Lodging and Casinos — 6.2%  
Aristocrat Technologies, Inc.                  

Term Loan, 4.22%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024

    $ 278     $ 274,043  
Boyd Gaming Corporation                  

Term Loan, 4.48%, (1 week USD LIBOR + 2.25%), Maturing September 15, 2023

      228       224,165  
CityCenter Holdings, LLC                  

Term Loan, 4.59%, (1 mo. USD LIBOR + 2.25%), Maturing April 18, 2024

      618       608,076  
Eldorado Resorts, LLC                  

Term Loan, 4.75%, (2 mo. USD LIBOR + 2.25%), Maturing April 17, 2024

      198       196,380  
ESH Hospitality, Inc.                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing August 30, 2023

      304       300,814  
Four Seasons Hotels Limited                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing November 30, 2023

      221       219,460  
Golden Nugget, Inc.                  

Term Loan, 5.23%, (USD LIBOR + 2.75%), Maturing October 4, 2023(2)

      1,757       1,736,049  
GVC Holdings PLC                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing March 29, 2024

      249       247,506  
Hanjin International Corp.                  

Term Loan, 4.94%, (3 mo. USD LIBOR + 2.50%), Maturing October 18, 2020

      125       124,063  
Hilton Worldwide Finance, LLC                  

Term Loan, 4.07%, (1 mo. USD LIBOR + 1.75%), Maturing October 25, 2023

      958       950,229  
Las Vegas Sands, LLC                  

Term Loan, 4.09%, (1 mo. USD LIBOR + 1.75%), Maturing March 27, 2025

      249       245,554  
MGM Growth Properties Operating Partnership L.P.                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing March 21, 2025

      463       455,744  
Playa Resorts Holding B.V.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing April 29, 2024

      840       815,438  
Stars Group Holdings B.V. (The)                  

Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025

      948       945,700  
VICI Properties 1, LLC                  

Term Loan, 4.31%, (1 mo. USD LIBOR + 2.00%), Maturing December 20, 2024

      525       517,617  
Wyndham Hotels & Resorts, Inc.                  

Term Loan, 4.09%, (1 mo. USD LIBOR + 1.75%), Maturing May 30, 2025

            300       297,422  
                    $ 8,158,260  
 

 

  15   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Nonferrous Metals / Minerals — 0.9%  
Dynacast International, LLC                  

Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing January 28, 2022

    $ 292     $ 289,641  
Global Brass & Copper, Inc.                  

Term Loan, 4.88%, (1 mo. USD LIBOR + 2.50%), Maturing May 29, 2025

      196       195,510  
Murray Energy Corporation                  

Term Loan, 9.78%, (3 mo. USD LIBOR + 7.25%), Maturing October 17, 2022

      477       416,761  
Noranda Aluminum Acquisition Corporation                  

Term Loan, 0.00%, Maturing February 28, 2019(4)(5)

      238       18,325  
Oxbow Carbon, LLC                  

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing January 4, 2023

      144       144,375  

Term Loan - Second Lien, 9.84%, (1 mo. USD LIBOR + 7.50%), Maturing January 4, 2024

            175       178,937  
                    $ 1,243,549  
Oil and Gas — 1.9%  
Ameriforge Group, Inc.                  

Term Loan, 9.39%, (3 mo. USD LIBOR + 7.00%), Maturing June 8, 2022

    $ 114     $ 115,052  
Apergy Corporation                  

Term Loan, 4.88%, (1 mo. USD LIBOR + 2.50%), Maturing May 9, 2025

      71       70,136  
CITGO Petroleum Corporation                  

Term Loan, 5.90%, (3 mo. USD LIBOR + 3.50%), Maturing July 29, 2021

      240       238,800  
Fieldwood Energy, LLC                  

Term Loan, 7.59%, (1 mo. USD LIBOR + 5.25%), Maturing April 11, 2022

      695       683,215  
McDermott Technology Americas, Inc.                  

Term Loan, 7.34%, (1 mo. USD LIBOR + 5.00%), Maturing May 10, 2025

      299       288,177  
MEG Energy Corp.                  

Term Loan, 5.85%, (1 mo. USD LIBOR + 3.50%), Maturing December 31, 2023

      9       9,221  
PSC Industrial Holdings Corp.                  

Term Loan, 6.06%, (1 mo. USD LIBOR + 3.75%), Maturing October 3, 2024

      174       174,339  
Sheridan Investment Partners II L.P.                  

Term Loan, 6.21%, (USD LIBOR + 3.50%), Maturing December 16,
2020(2)

      9       8,215  

Term Loan, 6.21%, (USD LIBOR + 3.50%), Maturing December 16,
2020(2)

      25       22,028  

Term Loan, 6.21%, (USD LIBOR + 3.50%), Maturing December 16,
2020(2)

      180       158,352  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Oil and Gas (continued)  
Sheridan Production Partners I, LLC                  

Term Loan, 5.83%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019

    $ 27     $ 24,245  

Term Loan, 5.83%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019

      44       39,694  

Term Loan, 5.83%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019

      333       299,557  
Ultra Resources, Inc.                  

Term Loan, 5.47%, (3 mo. USD LIBOR + 3.00%), Maturing April 12, 2024

            350       326,959  
                    $ 2,457,990  
Publishing — 1.6%  
Ascend Learning, LLC                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing July 12, 2024

    $ 272     $ 270,293  
Getty Images, Inc.                  

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing October 18, 2019

      808       802,140  
Harland Clarke Holdings Corp.                  

Term Loan, 7.14%, (3 mo. USD LIBOR + 4.75%), Maturing November 3, 2023

      318       293,975  
LSC Communications, Inc.                  

Term Loan, 7.84%, (1 mo. USD LIBOR + 5.50%), Maturing September 30, 2022

      202       202,171  
Merrill Communications, LLC                  

Term Loan, 7.78%, (3 mo. USD LIBOR + 5.25%), Maturing June 1, 2022

      63       63,096  
Multi Color Corporation                  

Term Loan, 4.34%, (1 mo. USD LIBOR + 2.00%), Maturing October 31, 2024

      74       73,600  
ProQuest, LLC                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing October 24, 2021

      412       411,357  
Tweddle Group, Inc.                  

Term Loan, 6.80%, (1 mo. USD LIBOR + 4.50%), Maturing September 17, 2023

            62       60,057  
                    $ 2,176,689  
Radio and Television — 3.2%  
ALM Media Holdings, Inc.                  

Term Loan, 6.89%, (3 mo. USD LIBOR + 4.50%), Maturing July 31, 2020

    $ 112     $ 101,508  
CBS Radio, Inc.                  

Term Loan, 5.07%, (1 mo. USD LIBOR + 2.75%), Maturing November 18, 2024

      352       348,304  
 

 

  16   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Radio and Television (continued)  
Cumulus Media New Holdings, Inc.                  

Term Loan, 6.85%, (1 mo. USD LIBOR + 4.50%), Maturing May 15, 2022

    $ 775     $ 747,883  
Entravision Communications Corporation                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024

      272       267,145  
Hubbard Radio, LLC                  

Term Loan, 5.35%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025

      138       138,062  
iHeartCommunications, Inc.                  

Term Loan, 0.00%, Maturing January 30, 2019(5)

      500       357,709  
Mission Broadcasting, Inc.                  

Term Loan, 4.57%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024

      79       78,603  
Nexstar Broadcasting, Inc.                  

Term Loan, 4.57%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024

      458       453,531  
Univision Communications, Inc.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing March 15, 2024

            1,909       1,783,850  
                    $ 4,276,595  
Retailers (Except Food and Drug) — 3.5%  
Ascena Retail Group, Inc.                  

Term Loan, 6.88%, (1 mo. USD LIBOR + 4.50%), Maturing August 21, 2022

    $ 337     $ 322,427  
Bass Pro Group, LLC                  

Term Loan, 7.34%, (1 mo. USD LIBOR + 5.00%), Maturing September 25, 2024

      297       293,783  
BJ’s Wholesale Club, Inc.                  

Term Loan, 5.32%, (1 mo. USD LIBOR + 3.00%), Maturing February 3, 2024

      231       230,491  
Coinamatic Canada, Inc.                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022

      40       39,321  
David’s Bridal, Inc.                  

DIP Loan, 9.81%, (1 mo. USD LIBOR + 7.50%), Maturing May 19, 2019

      69       69,249  

Term Loan, 0.00%, Maturing October 11, 2019(5)

      465       287,172  
Evergreen Acqco 1 L.P.                  

Term Loan, 6.22%, (3 mo. USD LIBOR + 3.75%), Maturing July 9, 2019

      514       494,785  
Global Appliance, Inc.                  

Term Loan, 6.35%, (1 mo. USD LIBOR + 4.00%), Maturing September 29, 2024

      248       240,694  
Harbor Freight Tools USA, Inc.                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2023

      98       95,243  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Retailers (Except Food and Drug) (continued)  
Hoya Midco, LLC                  

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing June 30, 2024

    $ 247     $ 243,635  
J. Crew Group, Inc.                  

Term Loan, 5.37%, (USD LIBOR + 3.00%), Maturing March 5, 2021(2)(4)

      737       558,516  
LSF9 Atlantis Holdings, LLC                  

Term Loan, 8.32%, (1 mo. USD LIBOR + 6.00%), Maturing May 1, 2023

      242       230,986  
Party City Holdings, Inc.                  

Term Loan, 4.85%, (1 mo. USD LIBOR + 2.50%), Maturing August 19, 2022

      199       197,120  
PetSmart, Inc.                  

Term Loan, 5.32%, (1 mo. USD LIBOR + 3.00%), Maturing March 11, 2022

      789       662,265  
PFS Holding Corporation                  

Term Loan, 5.82%, (1 mo. USD LIBOR + 3.50%), Maturing January 31, 2021

      518       287,479  
Pier 1 Imports (U.S.), Inc.                  

Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing April 30, 2021

      120       89,466  
Shutterfly, Inc.                  

Term Loan, 5.10%, (1 mo. USD LIBOR + 2.75%), Maturing August 17, 2024

      125       123,441  
Staples, Inc.                  

Term Loan, 6.54%, (3 mo. USD LIBOR + 4.00%), Maturing September 12, 2024

            149       146,392  
                    $ 4,612,465  
Steel — 1.5%  
Atkore International, Inc.                  

Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing December 22, 2023

    $ 99     $ 98,009  
GrafTech Finance, Inc.                  

Term Loan, 5.84%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2025

      642       634,638  
Neenah Foundry Company                  

Term Loan, 9.06%, (2 mo. USD LIBOR + 6.50%), Maturing December 13, 2022

      193       191,538  
Phoenix Services International, LLC                  

Term Loan, 6.07%, (1 mo. USD LIBOR + 3.75%), Maturing March 1, 2025

      174       172,819  
Zekelman Industries, Inc.                  

Term Loan, 4.62%, (3 mo. USD LIBOR + 2.25%), Maturing June 14, 2021

            938       929,306  
                    $ 2,026,310  
 

 

  17   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

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, 6.14%, (3 mo. USD LIBOR + 3.75%), Maturing December 6, 2024

    $ 99     $ 99,271  
Hertz Corporation (The)                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing June 30, 2023

      242       239,275  
Kenan Advantage Group, Inc.                  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022

      27       26,814  

Term Loan, 5.34%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022

      89       88,174  
PODS, LLC                  

Term Loan, 5.07%, (1 mo. USD LIBOR + 2.75%), Maturing December 6, 2024

      149       146,319  
Stena International S.a.r.l.                  

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing March 3, 2021

      382       366,720  
XPO Logistics, Inc.                  

Term Loan, 4.51%, (3 mo. USD LIBOR + 2.00%), Maturing February 24, 2025

            150       148,875  
                    $ 1,115,448  
Telecommunications — 5.2%  
CenturyLink, Inc.                  

Term Loan, 5.09%, (1 mo. USD LIBOR + 2.75%), Maturing January 31, 2025

    $ 1,241     $ 1,208,059  
Colorado Buyer, Inc.                  

Term Loan, 5.32%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024

      198       194,908  
Digicel International Finance Limited                  

Term Loan, 5.96%, (3 mo. USD LIBOR + 3.25%), Maturing May 28, 2024

      173       163,288  
Frontier Communications Corp.                  

Term Loan, 6.10%, (1 mo. USD LIBOR + 3.75%), Maturing June 15, 2024

      469       447,952  
Global Eagle Entertainment, Inc.                  

Term Loan, 10.02%, (6 mo. USD LIBOR + 7.50%), Maturing January 6, 2023

      484       492,151  
Intelsat Jackson Holdings S.A.                  

Term Loan, 6.07%, (1 mo. USD LIBOR + 3.75%), Maturing November 27, 2023

      600       597,094  

Term Loan, 6.82%, (1 mo. USD LIBOR + 4.50%), Maturing January 2, 2024

      400       408,625  
IPC Corp.                  

Term Loan, 7.03%, (3 mo. USD LIBOR + 4.50%), Maturing August 6, 2021

      220       205,847  
Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Telecommunications (continued)  
Lumentum Holdings                  

Term Loan, Maturing August 7, 2025(3)

    $ 125     $ 123,906  
Onvoy, LLC                  

Term Loan, 6.89%, (3 mo. USD LIBOR + 4.50%), Maturing February 10, 2024

      468       428,106  
Plantronics, Inc.                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing July 2, 2025

      325       320,531  
Sprint Communications, Inc.                  

Term Loan, 4.88%, (1 mo. USD LIBOR + 2.50%), Maturing February 2, 2024

      837       827,133  

Term Loan, 5.38%, (1 mo. USD LIBOR + 3.00%), Maturing February 2, 2024

      125       124,180  
Syniverse Holdings, Inc.                  

Term Loan, 7.31%, (1 mo. USD LIBOR + 5.00%), Maturing March 9, 2023

      224       216,319  
Telesat Canada                  

Term Loan, 4.89%, (3 mo. USD LIBOR + 2.50%), Maturing November 17, 2023

            1,102       1,084,398  
                    $ 6,842,497  
Utilities — 2.9%  
Brookfield WEC Holdings, Inc.                  

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing August 1, 2025

    $ 525     $ 523,851  
Calpine Construction Finance Company L.P.                  

Term Loan, 4.84%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2025

      92       90,581  
Calpine Corporation                  

Term Loan, 4.89%, (3 mo. USD LIBOR + 2.50%), Maturing January 15, 2024

      798       784,656  
Granite Acquisition, Inc.                  

Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021

      28       28,381  

Term Loan, 5.90%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021

      625       623,054  
Lightstone Holdco, LLC                  

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024

      20       19,102  

Term Loan, 6.09%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024

      366       355,663  
Longview Power, LLC                  

Term Loan, 8.53%, (3 mo. USD LIBOR + 6.00%), Maturing April 13, 2021

      556       480,167  
Talen Energy Supply, LLC                  

Term Loan, 6.34%, (1 mo. USD LIBOR + 4.00%), Maturing July 15, 2023

      197       197,741  

Term Loan, 6.34%, (1 mo. USD LIBOR + 4.00%), Maturing April 15, 2024

      172       171,765  
 

 

  18   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description         

Principal

Amount

(000’s omitted)

    Value  
Utilities (continued)  
USIC Holdings, Inc.                  

Term Loan, 5.59%, (1 mo. USD LIBOR + 3.25%), Maturing December 8, 2023

    $ 299     $ 294,426  
Vistra Energy Corp.                  

Term Loan, 4.31%, (1 mo. USD LIBOR + 2.00%), Maturing December 31, 2025

            249       246,394  
                    $ 3,815,781  

Total Senior Floating-Rate Loans
(identified cost $183,053,854)

 

  $ 177,830,394  
Corporate Bonds & Notes — 11.0%

 

Security         

Principal

Amount*

(000’s omitted)

    Value  
Air Transport — 0.5%  
Azul Investments LLP                  

5.875%, 10/26/24(7)

            710     $ 659,767  
                    $ 659,767  
Banks and Thrifts — 0.6%  
Australia and New Zealand Banking Group, Ltd.  

3.75%, 7/25/19(8)

    AUD       640     $ 471,871  
Banco Mercantil del Norte S.A./Grand Cayman                  

5.75% to 10/4/26, 10/4/31(7)(9)

            400       350,004  
                    $ 821,875  
Building and Development — 0.3%  
MDC Holdings, Inc.                  

6.00%, 1/15/43

            533     $ 416,406  
                    $ 416,406  
Chemicals and Plastics — 0.4%  
Cydsa SAB de CV                  

6.25%, 10/4/27(7)

            500     $ 453,755  
                    $ 453,755  
Computers — 0.6%  
Seagate HDD Cayman                  

4.875%, 6/1/27

      520     $ 464,250  

5.75%, 12/1/34

            426       353,592  
                    $ 817,842  
Security         

Principal

Amount*

(000’s omitted)

    Value  
Diversified Financial Services — 1.0%  
Jefferies Finance, LLC/JFIN Co-Issuer Corp.              

7.25%, 8/15/24(7)

      202     $ 195,435  
Synchrony Financial                  

3.95%, 12/1/27

      555       469,553  
UniCredit SpA                  

5.861% to 6/19/27, 6/19/32(7)(9)

      565       480,053  
Unifin Financiera SAB de CV                  

8.875% to 1/29/25(7)(9)(10)

            200       165,502  
                    $ 1,310,543  
Drugs — 0.3%  
Bausch Health Companies., Inc.                  

6.50%, 3/15/22(7)

      173     $ 179,271  

7.00%, 3/15/24(7)

            225       235,969  
                    $ 415,240  
Electronics / Electrical — 0.2%  
Ingram Micro, Inc.                  

5.45%, 12/15/24

            310     $ 300,504  
                    $ 300,504  
Food / Drug Retailers — 0.5%  
ESAL GmbH                  

6.25%, 2/5/23(7)

            685     $ 676,437  
                    $ 676,437  
Forest Products — 0.2%  
Suzano Austria GmbH                  

6.00%, 1/15/29(7)

            235     $ 237,938  
                    $ 237,938  
Homebuilders / Real Estate — 0.2%  
PulteGroup, Inc.                  

5.00%, 1/15/27

            341     $ 317,983  
                    $ 317,983  
Leisure Goods / Activities / Movies — 0.5%  
Mattel, Inc.                  

3.15%, 3/15/23

      295     $ 252,225  

6.75%, 12/31/25(7)

      165       155,925  

6.20%, 10/1/40

      120       94,800  

5.45%, 11/1/41

            155       121,675  
                    $ 624,625  
 

 

  19   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Security         

Principal

Amount*

(000’s omitted)

    Value  
Nonferrous Metals / Minerals — 0.6%  
First Quantum Minerals, Ltd.                  

6.875%, 3/1/26(7)

            975     $ 839,719  
                    $ 839,719  
Oil and Gas — 2.8%  
Gran Tierra Energy International Holdings, Ltd.        

6.25%, 2/15/25(7)

      500     $ 471,250  
Oceaneering International, Inc.                  

4.65%, 11/15/24

      580       510,558  

6.00%, 2/1/28

      500       452,060  
Petrobras Global Finance B.V.                  

5.75%, 2/1/29

      525       481,950  

5.625%, 5/20/43

      285       236,188  
Rowan Cos., Inc.                  

4.75%, 1/15/24

      415       340,300  

5.40%, 12/1/42

      675       435,375  
YPF SA                  

7.00%, 12/15/47(7)

            900       684,000  
                    $ 3,611,681  
Pharmaceuticals — 0.2%  
Teva Pharmaceutical Finance Netherlands III B.V.                  

3.15%, 10/1/26

            300     $ 244,946  
                    $ 244,946  
Real Estate Investment Trusts (REITs) — 0.5%  
CBL & Associates, L.P.                  

4.60%, 10/15/24

      465     $ 373,162  

5.95%, 12/15/26

            280       230,692  
                    $ 603,854  
Retailers (Except Food and Drug) — 1.2%                     
JC Penney Corp., Inc.                  

6.375%, 10/15/36

      670     $ 247,900  
Macy’s Retail Holdings, Inc.                  

4.30%, 2/15/43

      1,235       894,815  
Signet UK Finance PLC                  

4.70%, 6/15/24

            519       474,885  
                    $ 1,617,600  
Security         

Principal

Amount*

(000’s omitted)

    Value  
Transportation — 0.4%  
JSL Europe SA                  

7.75%, 7/26/24(7)

            600     $ 558,054  
                    $ 558,054  

Total Corporate Bonds & Notes
(identified cost $15,643,796)

 

  $ 14,528,769  
Foreign Government Bonds — 3.8%

 

Security         

Principal

Amount

(000’s omitted)

    Value  
Argentina — 0.4%  
Republic of Argentina                  

6.875%, 1/11/48

    USD       645     $ 467,625  
                    $ 467,625  
Australia — 0.1%  
Queensland Treasury Corp.                  

5.50%, 6/21/21(8)

    AUD       225     $ 177,655  
                    $ 177,655  
Brazil — 0.7%  
Nota do Tesouro Nacional                  

10.00%, 1/1/25

    BRL       3,525     $ 934,594  
                    $ 934,594  
Canada — 0.5%  
Canada Housing Trust                  

3.80%, 6/15/21(7)

    CAD       900     $ 702,889  
                    $ 702,889  
Malaysia — 0.2%  
Malaysia Government Bond                  

3.441%, 2/15/21

    MYR       1,200     $ 285,408  
                    $ 285,408  
Mexico — 0.7%  
Mexican Bonos                  

7.75%, 5/29/31

    MXN       19,590     $ 849,183  
                    $ 849,183  
 

 

  20   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Security         

Principal

Amount

(000’s omitted)

    Value  
Supranational — 1.1%  
European Investment Bank  

7.20%, 7/9/19(7)

    IDR       4,080,000     $ 284,694  
International Bank for Reconstruction & Development  

3.50%, 1/22/21

    NZD       675       475,190  
International Finance Corp.  

7.80%, 6/3/19

    INR       24,990       360,427  

8.25%, 6/10/21

    INR       18,100       266,344  
                    $ 1,386,655  
Uruguay — 0.1%  
Republic of Uruguay                  

8.50%, 3/15/28(7)

    UYU       6,900     $ 183,357  
                    $ 183,357  

Total Foreign Government Bonds
(identified cost $5,287,374)

 

  $ 4,987,366  
Commercial Mortgage-Backed Securities — 0.1%

 

Security         

Principal

Amount

(000’s omitted)

    Value  
JPMBB Commercial Mortgage Securities Trust  

Series 2014-C23, Class D, 4.13%, Maturing 9/15/47(7)(11)

          $ 100     $ 88,912  

Total Commercial Mortgage-Backed Securities
(identified cost $91,246)

 

          $ 88,912  
Convertible Bonds — 0.6%

 

Security         

Principal

Amount

(000’s omitted)

    Value  
Oil & Gas — 0.6%  
Ascent Resources-Utica, LLC/ARU Finance Corp.  

6.50%, 3/1/21(7)(12)

    $ 120     $ 168,028  
Nabors Industries, Inc.                  

0.75%, 1/15/24

            890       595,744  

Total Convertible Bonds
(identified cost $855,000)

 

          $ 763,772  
Common Stocks — 1.9%

 

Security          Shares     Value  
Business Equipment and Services — 0.0%  

Education Management Corp.(4)(13)(14)

            2,334,705     $ 0  
                    $ 0  
Consumer Discretionary — 0.2%  

Lennar Corp., Class A

            6,815     $ 291,205  
                    $ 291,205  
Electronics / Electrical — 0.2%  

Answers Corp.(4)(13)(14)

      14,876     $ 40,016  

Intel Corp.

            4,500       221,895  
                    $ 261,911  
Entertainment — 0.2%  

Walt Disney Co. (The)

            2,600     $ 300,274  
                    $ 300,274  
Health Care — 0.0%(15)  

New Millennium Holdco, Inc.(13)(14)

            10,394     $ 2,079  
                    $ 2,079  
Metals / Mining — 0.2%  

Newmont Mining Corp.

            9,260     $ 299,468  
                    $ 299,468  
Oil and Gas — 0.6%  

AFG Holdings, Inc.(4)(13)(14)

      4,525     $ 307,700  

Fieldwood Energy, Inc.(13)(14)

      2,148       94,154  

Paragon Offshore Finance Company, Class A(13)(14)

      404       429  

Paragon Offshore Finance Company, Class B(13)(14)

      202       7,676  

Royal Dutch Shell PLC, Class B ADR

      5,150       319,455  

Southcross Holdings Group, LLC(4)(13)(14)

      15       0  

Southcross Holdings L.P., Class A(13)(14)

            15       14,250  
                    $ 743,664  
Publishing — 0.0%(15)  

Tweddle Group, Inc.(4)(13)

            444     $ 24,780  
                    $ 24,780  
Radio and Television — 0.1%  

Cumulus Media, Inc.(13)(14)

            9,974     $ 112,706  
                    $ 112,706  
 

 

  21   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

Security          Shares     Value  
Transportation — 0.4%  

A.P. Moller - Maersk A/S, Class B

            315     $ 452,565  
                    $ 452,565  

Total Common Stocks
(identified cost $2,523,369)

 

          $ 2,488,652  
Convertible Preferred Stocks — 1.3%

 

Security          Shares     Value  
Business Equipment and Services — 0.0%  

Education Management Corp., Series A-1,
7.50%(4)(13)(14)

            2,597     $ 0  
                    $ 0  
Oil & Gas — 0.9%  

Chesapeake Energy Corp., 5.75%

            2,240     $ 1,261,142  
                    $ 1,261,142  
Pharmaceuticals — 0.4%  

Teva Pharmaceutical Industries, Ltd., 7.00%

            1,165     $ 473,631  
                    $ 473,631  

Total Convertible Preferred Stocks
(identified cost $1,766,902)

 

          $ 1,734,773  
Preferred Stocks — 0.3%

 

Security          Shares     Value  
Equity Real Estate Investment Trusts (REITs) — 0.2%  

CBL & Associates Properties, Inc., Series D, 7.375%

      10,475     $ 148,955  

CBL & Associates Properties, Inc., Series E, 6.625%

            7,600       99,408  
                    $ 248,363  
Oil, Gas & Consumable Fuels — 0.1%  

NuStar Energy, L.P., Series B, 7.625% to 6/15/22(9)

            9,200     $ 178,480  
                    $ 178,480  

Total Preferred Stocks
(identified cost $542,614)

 

          $ 426,843  
Short-Term Investments — 2.1%

 

Description        Units     Value  

Eaton Vance Cash Reserves Fund, LLC, 2.33%(16)

        2,824,656     $ 2,824,374  

Total Short-Term Investments
(identified cost $2,824,374)

          $ 2,824,374  

Total Investments — 156.1%
(identified cost $212,588,529)

          $ 205,673,855  

Less Unfunded Loan Commitments — (0.0)%(15)

 

  $ (15,625

Net Investments — 156.1%
(identified cost $212,572,904)

          $ 205,658,230  

Notes Payable — (41.0)%

 

  $ (54,000,000

Variable Rate Term Preferred Shares, at Liquidation Value
(net of unamortized deferred debt issuance costs) — (14.4)%

 

  $ (18,969,992

Other Assets, Less Liabilities — (0.7)%

 

  $ (965,714

Net Assets Applicable to Common Shares — 100.0%

 

  $ 131,722,524  

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

 

  *

In U.S. dollars unless otherwise indicated.

 

  (1) 

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

 

  (2) 

The stated interest rate represents the weighted average interest rate at November 30, 2018 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 November 30, 2018, at which time the interest rate will be determined.

 

  (4) 

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

 

  (5) 

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

 

  (6) 

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

 

 

  22   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Portfolio of Investments (Unaudited) — continued

 

 

 

  (7) 

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 November 30, 2018, the aggregate value of these securities is $7,770,959 or 5.9% of the Fund’s net assets applicable to common shares.

 

  (8) 

Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At November 30, 2018, the aggregate value of these securities is $649,526 or 0.5% of the Fund’s net assets applicable to common shares.

 

  (9) 

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

 

(10) 

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

 

(11) 

Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at November 30, 2018.

 

(12) 

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

 

(13) 

Non-income producing security.

 

(14) 

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

 

(15) 

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

 

(16) 

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of November 30, 2018.

Abbreviations:

 

ADR     American Depositary Receipt
DIP     Debtor In Possession
LIBOR     London Interbank Offered Rate

Currency Abbreviations:

 

AUD     Australian Dollar
BRL     Brazilian Real
CAD     Canadian Dollar
IDR     Indonesian Rupiah
INR     Indian Rupee
MXN     Mexican Peso
MYR     Malaysian Ringgit
NZD     New Zealand Dollar
USD     United States Dollar
UYU     Uruguayan Peso
 
 

 

  23   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Statement of Assets and Liabilities (Unaudited)

 

 

Assets    November 30, 2018  

Unaffiliated investments, at value (identified cost, $209,748,530)

   $ 202,833,856  

Affiliated investment, at value (identified cost, $2,824,374)

     2,824,374  

Cash

     1,359,310  

Interest and dividends receivable

     1,058,508  

Dividends receivable from affiliated investment

     6,584  

Receivable for investments sold

     100,125  

Tax reclaims receivable

     1,720  

Prepaid upfront fees on variable rate term preferred shares

     32,672  

Prepaid upfront fees on notes payable

     20,725  

Prepaid expenses

     10,253  

Total assets

   $ 208,248,127  
Liabilities

 

Notes payable

   $ 54,000,000  

Variable rate term preferred shares, at liquidation value (net of unamortized deferred debt issuance costs of $30,008)

     18,969,992  

Payable for investments purchased

     2,995,260  

Payable to affiliates:

  

Investment adviser fee

     127,561  

Trustees’ fees

     1,598  

Interest expense and fees payable

     310,320  

Accrued expenses

     120,872  

Total liabilities

   $ 76,525,603  

Net assets applicable to common shares

   $ 131,722,524  
Sources of Net Assets

 

Common shares, $0.01 par value, unlimited number of shares authorized, 7,606,422 shares issued and outstanding

   $ 76,064  

Additional paid-in capital

     144,128,196  

Accumulated loss

     (12,481,736

Net assets applicable to common shares

   $ 131,722,524  
Net Asset Value Per Common Share         

($131,722,524 ÷ 7,606,422 common shares issued and outstanding)

   $ 17.32  

 

  24   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Statement of Operations (Unaudited)

 

 

Investment Income   

Six Months Ended

November 30, 2018

 

Interest and other income

   $ 5,691,898  

Dividends

     256,344  

Dividends from affiliated investment

     40,457  

Total investment income

   $ 5,988,699  
Expenses         

Investment adviser fee

   $ 791,321  

Trustees’ fees and expenses

     4,900  

Custodian fee

     81,302  

Transfer and dividend disbursing agent fees

     10,002  

Legal and accounting services

     55,842  

Printing and postage

     13,806  

Interest expense and fees

     1,360,787  

Miscellaneous

     26,735  

Total expenses

   $ 2,344,695  

Net investment income

   $ 3,644,004  
Realized and Unrealized Gain (Loss)         

Net realized gain (loss) —

  

Investment transactions

   $ (965,740

Investment transactions — affiliated investment

     219  

Foreign currency transactions

     (9,275

Net realized loss

   $ (974,796

Change in unrealized appreciation (depreciation) —

  

Investments

   $ (3,118,469

Investments — affiliated investment

     (537

Foreign currency

     6,097  

Net change in unrealized appreciation (depreciation)

   $ (3,112,909

Net realized and unrealized loss

   $ (4,087,705

Net decrease in net assets from operations

   $ (443,701

 

  25   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Statements of Changes in Net Assets

 

 

Increase (Decrease) in Net Assets   

Six Months Ended

November 30, 2018
(Unaudited)

    

Year Ended

May 31, 2018

 

From operations —

     

Net investment income

   $ 3,644,004      $ 6,830,952  

Net realized gain (loss)

     (974,796      105,677  

Net change in unrealized appreciation (depreciation)

     (3,112,909      (715,782

Net increase (decrease) in net assets from operations

   $ (443,701    $ 6,220,847  

Distributions to common shareholders(1)

   $ (3,483,741    $ (6,921,844

Net decrease in net assets

   $ (3,927,442    $ (700,997
Net Assets Applicable to Common Shares

 

At beginning of period

   $ 135,649,966      $ 136,350,963  

At end of period

   $ 131,722,524      $ 135,649,966 (2)   

 

(1)  

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

 

(2) 

Includes accumulated distributions in excess of net investment income of $(157,170) at May 31, 2018. The requirement to disclose the corresponding amount as of November 30, 2018 was eliminated.

 

  26   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Statement of Cash Flows (Unaudited)

 

 

Cash Flows From Operating Activities   

Six Months Ended

November 30, 2018

 

Net decrease in net assets from operations

   $ (443,701

Adjustments to reconcile net decrease in net assets from operations to net cash provided by operating activities:

  

Investments purchased

     (33,043,229

Investments sold and principal repayments

     34,394,020  

Decrease in short-term investments, net

     2,067,871  

Net amortization/accretion of premium (discount)

     (77,839

Amortization of prepaid upfront fees on variable rate term preferred shares

     10,021  

Amortization of deferred debt issuance costs on variable rate term preferred shares

     18,005  

Amortization of prepaid upfront fees on notes payable

     28,733  

Decrease in interest and dividends receivable

     19,580  

Decrease in dividends receivable from affiliated investment

     2,971  

Decrease in tax reclaims receivable

     61  

Increase in prepaid expenses

     (1,145

Decrease in payable to affiliate for investment adviser fee

     (8,238

Increase in payable to affiliate for Trustees’ fees

     68  

Increase in interest expense and fees payable

     5,205  

Decrease in accrued expenses

     (31,813

Decrease in unfunded loan commitments

     (235,375

Net change in unrealized (appreciation) depreciation from investments

     3,119,006  

Net realized loss from investments

     965,521  

Net cash provided by operating activities

   $ 6,789,722  
Cash Flows From Financing Activities         

Cash distributions paid to common shareholders

   $ (3,483,741

Proceeds from notes payable

     3,000,000  

Repayments of notes payable

     (7,000,000

Decrease in due to custodian — foreign currency

     (1,076

Net cash used in financing activities

   $ (7,484,817

Net decrease in cash

   $ (695,095

Cash at beginning of period

   $ 2,054,405  

Cash at end of period

   $ 1,359,310  
Supplemental disclosure of cash flow information:         

Cash paid for interest and fees on borrowings and variable rate term preferred shares

   $ 1,298,823  

 

  27   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Financial Highlights

 

Selected data for a common share outstanding during the periods stated

 

    Six Months Ended
November 30, 2018
(Unaudited)
    Year Ended May 31,    

Period Ended

May 31, 2014(1)

 
     2018     2017     2016     2015  

Net asset value — Beginning of period (Common shares)

  $ 17.830     $ 17.930     $ 16.610     $ 18.390     $ 19.560     $ 19.100 (2)  
Income (Loss) From Operations                                                

Net investment income(3)

  $ 0.479     $ 0.898     $ 0.948     $ 1.058     $ 1.114     $ 0.989  

Net realized and unrealized gain (loss)

    (0.531     (0.088     1.365       (1.724     (0.867     0.511  

Total income (loss) from operations

  $ (0.052   $ 0.810     $ 2.313     $ (0.666   $ 0.247     $ 1.500  
Less Distributions to Common Shareholders                                                

From net investment income

  $ (0.458   $ (0.910   $ (0.983   $ (1.114   $ (1.134   $ (0.974

From net realized gain

                            (0.283      

Tax return of capital

                (0.010                  

Total distributions to common shareholders

  $ (0.458   $ (0.910   $ (0.993   $ (1.114   $ (1.417   $ (0.974

Common shares offering costs charged to paid-in capital(3)

  $     $     $     $     $     $ (0.041

Discount related to exercise of underwriters’ over-allotment option(3)

  $     $     $     $     $     $ (0.025

Net asset value — End of period (Common shares)

  $ 17.320     $ 17.830     $ 17.930     $ 16.610     $ 18.390     $ 19.560  

Market value — End of period (Common shares)

  $ 14.940     $ 16.720     $ 17.350     $ 15.240     $ 16.970     $ 17.950  

Total Investment Return on Net Asset Value(4)

    (0.02 )%(5)       5.03     14.69     (2.60 )%      2.15     8.00 %(5)(6)  

Total Investment Return on Market Value(4)

    (8.03 )%(5)       1.79     20.96     (3.15 )%      2.71     (0.89 )%(5)(6)  

 

  28   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Financial Highlights — continued

 

Selected data for a common share outstanding during the periods stated

 

    Six Months Ended
November 30, 2018
(Unaudited)
    Year Ended May 31,    

Period Ended

May 31, 2014(1)

 
Ratios/Supplemental Data   2018     2017     2016     2015  

Net assets applicable to common shares, end of period (000’s omitted)

  $ 131,723     $ 135,650     $ 136,351     $ 126,331     $ 139,902     $ 148,770  

Ratios (as a percentage of average daily net assets applicable to common shares):

           

Expenses excluding interest and fees(7)

    1.45 %(8)      1.44     1.48     1.63     1.55     1.54 %(8) 

Interest and fee expense(9)

    2.00 %(8)      1.57     1.17     0.99     0.84     0.76 %(8) 

Total expenses(7)

    3.45 %(8)      3.01     2.65     2.62     2.39     2.30 %(8) 

Net investment income

    5.36 %(8)      5.00     5.40     6.35     5.91     5.49 %(8) 

Portfolio Turnover

    14 %(5)      33     52     29     28     37 %(5) 

Senior Securities:

           

Total notes payable outstanding (in 000’s)

  $ 54,000     $ 58,000     $ 54,000     $ 34,000     $ 54,000     $ 54,000  

Asset coverage per $1,000 of notes payable(10)

  $ 3,791     $ 3,666     $ 3,877     $ 5,774     $ 4,257     $ 4,422  

Total preferred shares outstanding(11)

    190       190       190       360       360       360  

Asset coverage per preferred share(11)(12)

  $ 280,442     $ 276,169     $ 286,782     $ 280,473     $ 255,447     $ 265,300  

Involuntary liquidation preference per preferred share(11)

  $ 100,000     $ 100,000     $ 100,000     $ 100,000     $ 100,000     $ 100,000  

Approximate market value per preferred share(11)

  $ 100,000     $ 100,000     $ 100,000     $ 100,000     $ 100,000     $ 100,000  

 

  (1) 

For the period from the start of business, June 28, 2013, to May 31, 2014.

 

  (2)

Net asset value at beginning of period reflects the deduction of the sales load of $0.90 per share paid by the shareholders from the $20.00 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 Fund’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 $20.00 less the sales load of $0.90 per share paid by the shareholders 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 $20.00 less the sales load of $0.90 per share paid by the shareholders 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)

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

 

  (8)

Annualized.

 

  (9)

Interest and fee expense relates to variable rate term preferred shares and borrowings (see Note 2 and Note 8). Effective June 1, 2016, the ratio includes amortization of deferred debt issuance costs. For periods prior to June 1, 2016, amortization of deferred debt issuance costs was included in the ratio of expenses excluding interest and fees.

 

(10) 

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

 

(11) 

Preferred shares represent variable rate term preferred shares.

 

(12) 

Calculated by subtracting the Fund’s total liabilities (not including the notes payable and preferred shares) from the Fund’s total assets, dividing the result by the sum of the value of the notes payable and liquidation value of the preferred shares, and multiplying the result by the liquidation value of one preferred share. Such amount equates to 280%, 276%, 287%, 280%, 255% and 265% at November 30, 2018 and May 31, 2018, 2017, 2016, 2015 and 2014, respectively.

 

Ratios based on net assets applicable to common shares plus preferred shares and borrowings are presented below. Ratios exclude the effect of custody fee credits, if any. Ratios for periods less than one year are annualized.

 

   

Six Months Ended

November 30, 2018

(Unaudited)

    Year Ended May 31,    

Period Ended

May 31, 2014(1)

 
     2018     2017     2016     2015  

Expenses excluding interest and fees

    0.93     0.94     0.98     0.99     0.95     0.98

Interest and fee expense

    1.29     1.01     0.77     0.60     0.52     0.49

Total expenses

    2.22     1.95     1.75     1.59     1.47     1.47

Net investment income

    3.45     3.24     3.56     3.87     3.63     3.52

 

  29   See Notes to Financial Statements.


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Notes to Financial Statements (Unaudited)

 

 

1  Significant Accounting Policies

Eaton Vance Floating-Rate Income Plus Fund (the Fund) 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 Fund’s investment objective is total return, with an emphasis on income.

The following is a summary of significant accounting policies of the Fund. The policies are in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Fund 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 Fund 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 Fund. 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 Fund. 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 asked prices, broker/dealer quotations, prices or yields of securities with similar characteristics, interest rates, anticipated prepayments, benchmark curves or information pertaining to the issuer, as well as industry and economic events. The pricing services may use a matrix approach, which considers information regarding securities with similar characteristics to determine the valuation for a security. Short-term debt obligations purchased with a remaining maturity of sixty days or less for which a valuation from a third party pricing service is not readily available may be valued at amortized cost, which approximates fair value.

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

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

Foreign Securities and Currencies. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rate quotations supplied by a third party pricing service. The pricing service uses a proprietary model to determine the exchange rate. Inputs to the model include reported trades and implied bid/ask spreads. The daily valuation of exchange-traded foreign securities generally is determined as of the close of trading on the principal exchange on which such securities trade. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Fund’s Trustees have approved the use of a fair value service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securities.

Affiliated Fund. The Fund may invest in Eaton Vance Cash Reserves Fund, LLC (Cash Reserves Fund), an affiliated investment company managed by Eaton Vance Management (EVM). While Cash Reserves Fund is not a registered money market mutual fund, it conducts all of its investment activities in accordance with the requirements of Rule 2a-7 under the 1940 Act. Investments in Cash Reserves Fund are valued at the closing net asset value per unit on the valuation day. Cash Reserves Fund generally values its investment securities based on available market quotations provided by a third party pricing service.

 

  30  


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Notes to Financial Statements (Unaudited) — continued

 

 

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 Fund in a manner that fairly reflects the security’s value, or the amount that the Fund 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 condition, and an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold.

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

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

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

In addition to the requirements of the Internal Revenue Code, the Fund may also be subject to local taxes on the recognition of capital gains in certain countries. In determining the daily net asset value, the Fund estimates the accrual for such taxes, if any, based on the unrealized appreciation on certain portfolio securities and the related tax rates. Taxes attributable to unrealized appreciation are included in the change in unrealized appreciation (depreciation) on investments. Capital gains taxes on securities sold are included in net realized gain (loss) on investments.

As of November 30, 2018, the Fund had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure. The Fund files a U.S. federal income tax return annually after its fiscal year-end, which is subject to examination by the Internal Revenue Service for a period of three years from the date of filing.

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

F  Unfunded Loan Commitments — The Fund may enter into certain loan agreements all or a portion of which may be unfunded. The Fund is obligated to fund these commitments at the borrower’s discretion. These commitments are disclosed in the accompanying Portfolio of Investments. At November 30, 2018, the Fund had sufficient cash and/or securities to cover these commitments.

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

H  Indemnifications — Under the Fund’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 Fund. Under Massachusetts law, if certain conditions prevail, shareholders of a Massachusetts business trust (such as the Fund) could be deemed to have personal liability for the obligations of the Fund. However, the Fund’s Declaration of Trust contains an express disclaimer of liability on the part of Fund shareholders and the By-laws provide that the Fund shall assume the defense on behalf of any Fund shareholders. Moreover, the By-laws also provide for indemnification out of Fund 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 Fund enters into agreements with service providers that may contain indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred.

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

J  Interim Financial Statements — The interim financial statements relating to November 30, 2018 and for the six months then ended have not been audited by an independent registered public accounting firm, but in the opinion of the Fund’s management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.

 

  31  


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Notes to Financial Statements (Unaudited) — continued

 

 

2  Variable Rate Term Preferred Shares

On July 10, 2013, the Fund issued 360 shares of Series C-1 Variable Rate Term Preferred Shares (Series C-1 VRTP Shares) in a private offering to a commercial paper conduit sponsored by a large financial institution (the Conduit). Variable rate term preferred shares are a form of preferred shares that represent stock of the Fund. They have a par value of $0.01 per share and a liquidation preference of $100,000 per share. The Series C-1 VRTP Shares also had an original mandatory redemption date of July 8, 2016 that had been extended on various dates through April 7, 2017 upon consent of the holders of the Series C-1 VRTP Shares and approval of the Fund’s Board of Trustees.

On September 30, 2016, the Fund made a partial redemption of its Series C-1 VRTP Shares at a liquidation price of $100,000 per share, the financing for which was provided by a committed financing arrangement (see Note 8). The number of Series C-1 VRTP Shares redeemed on September 30, 2016 and redemption amount (excluding the final dividend payment) were as follows:

 

Series C-1 VRTP Shares Redeemed

    170  

Redemption Amount

  $ 17,000,000  

Upon completion of the partial redemption of the Series C-1 VRTP Shares, the remaining 190 Series C-1 VRTP Shares were transferred to another large financial institution (the Assignee) on September 30, 2016 as permitted by the Fund’s By-laws. The transferred Series C-1 VRTP Shares were then exchanged for an equal number of Series L-2 Variable Rate Term Preferred Shares (Series L-2 VRTP Shares), and the mandatory redemption date was extended to three years from the date of transfer. Dividends on the Series L-2 VRTP Shares are determined each day based on a spread of 1.85% to three-month LIBOR. Such spread to the cost of funding is determined based on the current credit rating of the Series L-2 VRTP Shares, which is provided by Moody’s Investors Service.

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

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

In connection with the transfer of the Series C-1 VRTP Shares to the Assignee on September 30, 2016, the Fund paid an upfront fee of $95,000 and debt issuance costs of $107,733, both of which are being amortized to interest expense and fees over a period of three years to September 30, 2019. The unamortized amount of the debt issuance costs as of November 30, 2018 is presented as a deduction of the liability for variable rate term preferred shares on the Statement of Assets and Liabilities.

The carrying amount of the Series L-2 VRTP Shares at November 30, 2018 represents its liquidation value, which approximates fair value. If measured at fair value, the Series L-2 VRTP Shares would have been considered as Level 2 in the fair value hierarchy (see Note 11) at November 30, 2018. The average liquidation preference of the Series L-2 VRTP Shares during the six months ended November 30, 2018 was $19,000,000.

3  Distributions to Shareholders and Income Tax Information

The Fund intends to make monthly distributions of net investment income to common shareholders, after payment of any dividends on any outstanding variable rate term preferred shares. In addition, at least annually, the Fund intends to distribute all or substantially all of its net realized capital gains. Distributions to common shareholders are recorded on the ex-dividend date. Dividends to variable rate term preferred shareholders are accrued daily and payable quarterly. The dividend rate on the Series L-2 VRTP Shares at November 30, 2018 was 4.59%. The amount of dividends accrued and the average annual dividend rate of the Series L-2 VRTP Shares during the six months ended November 30, 2018 were $411,204 and 4.32%, respectively.

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

 

  32  


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Notes to Financial Statements (Unaudited) — continued

 

 

At May 31, 2018, the Fund, for federal income tax purposes, had deferred capital losses of $4,536,911 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 Fund of any liability for federal income or excise tax. The deferred capital losses are treated as arising on the first day of the Fund’s next taxable year and retain the same short-term or long-term character as when originally deferred. Of the deferred capital losses at May 31, 2018, $4,536,911 are long-term.

The cost and unrealized appreciation (depreciation) of investments of the Fund at November 30, 2018, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

   $ 212,628,994  

Gross unrealized appreciation

   $ 955,092  

Gross unrealized depreciation

     (7,925,856

Net unrealized depreciation

   $ (6,970,764

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 Fund. The fee is computed at an annual rate of 0.75% of the Fund’s average daily total managed assets and is payable monthly. Total managed assets as referred to herein represent total assets of the Fund (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 November 30, 2018, the Fund’s investment adviser fee amounted to $791,321. The Fund invests its cash in Cash Reserves Fund. EVM does not currently receive a fee for advisory services provided to Cash Reserves Fund. EVM also serves as administrator of the Fund, but receives no compensation.

Trustees and officers of the Fund who are members of EVM’s organization receive remuneration for their services to the Fund out of the investment adviser fee. Trustees of the Fund who are not affiliated with EVM may elect to defer receipt of all or a percentage of their annual fees in accordance with the terms of the Trustees Deferred Compensation Plan. For the six months ended November 30, 2018, no significant amounts have been deferred. Certain officers and Trustees of the Fund are officers of EVM.

5  Purchases and Sales of Investments

Purchases and sales of investments, other than short-term obligations and including maturities, paydowns and principal repayments on Senior Loans, aggregated $29,845,980 and $34,297,145, respectively, for the six months ended November 30, 2018.

6  Common Shares of Beneficial Interest

The Fund may issue common shares pursuant to its dividend reinvestment plan. There were no common shares issued by the Fund for the six months ended November 30, 2018 and the year ended May 31, 2018.

On November 11, 2013, the Board of Trustees of the Fund authorized the repurchase by the Fund of up to 10% of its then currently outstanding common shares in open-market transactions at a discount to net asset value. The repurchase program does not obligate the Fund to purchase a specific amount of shares. There were no repurchases of common shares by the Fund for the six months ended November 30, 2018 and the year ended May 31, 2018.

7  Financial Instruments

The Fund may trade in financial instruments with off-balance sheet risk in the normal course of its investing activities. These financial instruments may include forward foreign currency exchange contracts and may involve, to a varying degree, elements of risk in excess of the amounts recognized for financial statement purposes. The notional or contractual amounts of these instruments represent the investment the Fund has in particular classes of financial instruments and do not necessarily represent the amounts potentially subject to risk. The measurement of the risks associated with these instruments is meaningful only when all related and offsetting transactions are considered. At November 30, 2018, there were no obligations outstanding under these financial instruments.

8  Revolving Credit and Security Agreement

The Fund has entered into a Revolving Credit and Security Agreement, as amended (the Agreement) with conduit lenders and a bank to borrow up to $64 million. Borrowings under the Agreement are secured by the assets of the Fund. Interest is charged at a rate above the conduits’ commercial paper

 

  33  


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Notes to Financial Statements (Unaudited) — continued

 

 

issuance rate and is payable monthly. Under the terms of the Agreement, in effect through March 11, 2019, the Fund also pays a program fee of 0.67% per annum on its outstanding borrowings to administer the facility and a liquidity fee of 0.15% (0.25% if the outstanding loan amount is less than or equal to 60% of the total facility size) per annum on the borrowing limit under the Agreement. Program and liquidity fees for the six months ended November 30, 2018 totaled $239,229 and are included in interest expense and fees on the Statement of Operations. The Fund also paid an upfront fee of $64,000, which is being amortized to interest expense over a period of one year through March 11, 2019. The unamortized balance at November 30, 2018 is approximately $21,000 and is included in prepaid upfront fees on notes payable on the Statement of Assets and Liabilities. The Fund is required to maintain certain net asset levels during the term of the Agreement. At November 30, 2018, the Fund had borrowings outstanding under the Agreement of $54,000,000 at an 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 November 30, 2018 approximated its fair value. If measured at fair value, borrowings under the Agreement would have been considered as Level 2 in the fair value hierarchy (see Note 11) at November 30, 2018. For the six months ended November 30, 2018, the average borrowings under the Agreement and the average annual interest rate (excluding fees) were $55,912,568 and 2.29%, respectively.

9  Risks Associated with Foreign Investments

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

10  Credit Risk

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

11  Fair Value Measurements

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

 

 

Level 1 – quoted prices in active markets for identical investments

 

 

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

 

 

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

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

 

  34  


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Notes to Financial Statements (Unaudited) — continued

 

 

At November 30, 2018, the hierarchy of inputs used in valuing the Fund’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)

   $      $ 177,145,831      $ 668,938      $ 177,814,769  

Corporate Bonds & Notes

            14,528,769               14,528,769  

Foreign Government Bonds

            4,987,366               4,987,366  

Commercial Mortgage-Backed Securities

            88,912               88,912  

Convertible Bonds

            763,772               763,772  

Common Stocks

     1,545,003        571,153 **       372,496        2,488,652  

Convertible Preferred Stocks

            1,734,773        0        1,734,773  

Preferred Stocks

     426,843                      426,843  

Short-Term Investments

            2,824,374               2,824,374  

Total Investments

   $ 1,971,846      $ 202,644,950      $ 1,041,434      $ 205,658,230  

 

*

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

 

**

Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the six months ended November 30, 2018 is not presented.

 

  35  


Eaton Vance

Floating-Rate Income Plus Fund

November 30, 2018

 

Officers and Trustees

 

 

Officers of Eaton Vance Floating-Rate Income Plus Fund

 

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 of Eaton Vance Floating-Rate Income Plus Fund

 

 

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(1)

Marcus L. Smith(1)

Susan J. Sutherland

Scott E. Wennerholm

 

 

*

Interested Trustee

(1) 

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

 

  36  


Eaton Vance Funds

 

IMPORTANT NOTICES

 

 

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

 

 

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

 

 

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

 

 

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

 

 

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

Our pledge of privacy applies to the following entities within the Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance Investment Counsel, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Management’s Real Estate Investment Group and Boston Management and Research. In addition, our Privacy Policy applies only to those Eaton Vance customers who are individuals and who have a direct relationship with us. If a customer’s account (i.e., fund shares) is held in the name of a third-party financial advisor/broker-dealer, it is likely that only such advisor’s privacy policies apply to the customer. This notice supersedes all previously issued privacy disclosures. For more information about Eaton Vance’s Privacy Policy, please call 1-800-262-1122.

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

Portfolio Holdings.  Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) will file a schedule of portfolio holdings on Form N-Q with the SEC for the first and third quarters of each fiscal year. The Form N-Q will be available on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov. Form N-Q may also be reviewed and copied at the SEC’s public reference room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the public reference room).

Proxy Voting.  From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds’ and Portfolios’ Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, without charge, upon request, by calling 1-800-262-1122 and by accessing the SEC’s website at www.sec.gov.

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

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

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

 

  37  


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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 15th Avenue

Brooklyn, NY 11219

Fund Offices

Two International Place

Boston, MA 02110

 


LOGO

 

LOGO

13724    11.30.18


Item 2. Code of Ethics

Not required in this filing.

Item 3. Audit Committee Financial Expert

Not required in this filing.

Item 4. Principal Accountant Fees and Services

Not required in this filing.

Item 5. Audit Committee of Listed Registrants

Not required in this filing.

Item 6. Schedule of Investments

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

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

Not required in this filing.

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

Not required in this filing.

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

No such purchases this period.

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

No material changes.

Item 11. Controls and Procedures

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


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

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

Not applicable.

Item 13. Exhibits

 

(a)(1)

   Registrant’s Code of Ethics – Not applicable (please see Item 2).

(a)(2)(i)

   Treasurer’s Section 302 certification.

(a)(2)(ii)

   President’s Section 302 certification.

(b)

   Combined Section 906 certification.


Signatures

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

Eaton Vance Floating-Rate Income Plus Fund

 

By:  

/s/ Payson F. Swaffield

  Payson F. Swaffield
  President
Date:   January 24, 2019

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

 

By:  

/s/ James F. Kirchner

  James F. Kirchner
  Treasurer
Date:   January 24, 2019

 

By:  

/s/ Payson F. Swaffield

  Payson F. Swaffield
  President
Date:   January 24, 2019