Regulatory Filings • Feb 26, 2020
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Download Source FileN-CSRS 1 d883661dncsrs.htm EATON VANCE SENIOR INCOME TRUST Eaton Vance Senior Income Trust
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: 811-09013
Eaton Vance Senior Income Trust
(Exact Name of Registrant as Specified in Charter)
Two International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrants Telephone Number)
June 30
Date of Fiscal Year End
December 31, 2019
Date of Reporting Period
Item 1. Reports to Stockholders
Eaton Vance
Senior Income Trust (EVF)
Semiannual Report
December 31, 2019
Important Note. Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds 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 Funds 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 Funds 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.
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 Funds 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 December 31, 2019
Eaton Vance
Senior Income Trust
Table of Contents
| Performance | 2 |
|---|---|
| Fund Profile | 3 |
| Endnotes and Additional Disclosures | 4 |
| Financial Statements | 5 |
| Annual Meeting of Shareholders | 45 |
| Officers and Trustees | 46 |
| Important Notices | 47 |
Eaton Vance
Senior Income Trust
December 31, 2019
Performance 1,2
Portfolio Managers John Redding, Andrew N. Sveen, CFA, Catherine C. McDermott, William E. Holt, CFA and Daniel P. McElaney, CFA
| % Average Annual Total Returns — Fund at NAV | 10/30/1998 | 3.52 % | 10.39 % | 6.48 % | 7.19 % |
|---|---|---|---|---|---|
| Fund at Market Price | | 7.12 | 14.23 | 7.12 | 6.72 |
| S&P/LSTA Leveraged Loan Index | | 2.74 % | 8.64 % | 4.44 % | 5.00 % |
| % Premium/Discount to | |||||
| NAV 3 | |||||
| 8.56 % | |||||
| Distributions 4 | |||||
| Total Distributions per share for the period | $ | 0.255 | |||
| Distribution Rate at NAV | 6.50 % | ||||
| Distribution Rate at Market Price | 7.11 % | ||||
| % Total Leverage 5 | |||||
| Auction Preferred Shares (APS) | 9.15 % | ||||
| Borrowings | 26.28 |
See Endnotes and Additional Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated net of management fees and other expenses by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested in accordance with the Funds Dividend Reinvestment Plan. Performance at market price will differ from performance at NAV due to variations in the Funds market price versus NAV, which may reflect factors such as fluctuations in supply and demand for Fund shares, changes in Fund distributions, shifting market expectations for the Funds future returns and distribution rates, and other considerations affecting the trading prices of closed-end funds. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance for periods less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recent month-end, please refer to eatonvance.com.
2
Eaton Vance
Senior Income Trust
December 31, 2019
Fund Profile
Top 10 Issuers (% of total investments) 6
| Reynolds Group Holdings, Inc. | 1.3 |
|---|---|
| TransDigm, Inc. | 1.2 |
| Bausch Health Companies, Inc. | 1.2 |
| Asurion, LLC | 1.2 |
| Hyland Software, Inc. | 0.9 |
| Jaguar Holding Company II | 0.9 |
| Infor (US), Inc. | 0.8 |
| Calpine Corporation | 0.8 |
| Uber Technologies | 0.8 |
| Hub International Limited | 0.8 |
| Total | 9.9 % |
Top 10 Sectors (% of total investments) 6
| Electronics/Electrical | 11.9 |
|---|---|
| Health Care | 8.7 |
| Business Equipment and Services | 7.5 |
| Drugs | 4.5 |
| Leisure Goods/Activities/Movies | 4.5 |
| Chemicals and Plastics | 4.3 |
| Telecommunications | 4.1 |
| Oil and Gas | 4.1 |
| Insurance | 4.1 |
| Cable and Satellite Television | 3.6 |
| Total | 57.3 % |
Credit Quality (% of bonds, loans and asset-backed securities) 7
See Endnotes and Additional Disclosures in this report.
3
Eaton Vance
Senior Income Trust
December 31, 2019
Endnotes and Additional Disclosures
1 S&P/LSTA Leveraged Loan Index is an unmanaged index of the institutional leveraged loan market. S&P/LSTA Leveraged Loan indices are a product of S&P Dow Jones Indices LLC (S&P DJI) and have been licensed for use. S&P ® is a registered trademark of S&P DJI; Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); LSTA is a trademark of Loan Syndications and Trading Association, Inc. S&P DJI, Dow Jones, their respective affiliates and their third party licensors do not sponsor, endorse, sell or promote the Fund, will not have any liability with respect thereto and do not have any liability for any errors, omissions, or interruptions of the S&P Dow Jones Indices. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index.
2 Performance results reflect the effects of leverage. Performance since inception for an index, if presented, is the performance since the Funds or oldest share class inception, as applicable. Included in the average annual total return at NAV for the five- and ten- year periods is the impact of the 2017 and 2019 tender and repurchase of a portion of the Funds APS at 95% and 92% of the Funds APS per share liquidation preference, respectively. Had these transactions not occurred, the total return at NAV would be lower for the Fund.
3 The shares of the Fund often trade at a discount or premium to their net asset value. The discount or premium may vary over time and may be higher or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to https://funds.eatonvance.com/closed-end-fund-prices.php.
4 The Distribution Rate is based on the Funds last regular distribution per share in the period (annualized) divided by the Funds NAV or market price at the end of the period. The Funds 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 Funds webpage available at eatonvance.com. The Funds distributions are determined by the investment adviser based on its current assessment of the Funds 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 Funds APS and borrowings outstanding as a percentage of Fund net assets applicable to common shares plus APS and borrowings outstanding. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of leverage rises and falls with changes in short-term interest rates. The Fund may be required to maintain prescribed asset coverage for its leverage and may be required to reduce its leverage at an inopportune time.
6 Excludes cash and cash equivalents.
7 Credit ratings are categorized using S&P Global Ratings (S&P). Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuers creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&Ps measures. Ratings of BBB or higher by S&P are considered to be investment- grade quality. Credit ratings are based largely on the ratings agencys analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuers current financial condition and does not necessarily reflect its assessment of the volatility of a securitys market value or of the liquidity of an investment in the security. Holdings designated as Not Rated (if any) are not rated by S&P.
Fund profile subject to change due to active management.
Important Notice to Shareholders
Effective November 1, 2019, the Fund is managed by John Redding, Andrew N. Sveen, Catherine C. McDermott, William E. Holt and Daniel P. McElaney.
4
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited)
| Senior Floating-Rate Loans
131.2% (1) — Borrower/Tranche Description | Principal Amount* (000s omitted) | | Value |
| --- | --- | --- | --- |
| Aerospace and Defense 2.3% | | | |
| Dynasty Acquisition Co., Inc. | | | |
| Term Loan, 5.94%, (3 mo. USD LIBOR + 4.00%), Maturing April 6, 2026 | | 243 | $ 245,443 |
| IAP Worldwide Services, Inc. | | | |
| Revolving Loan, 1.42%, (3 mo. USD LIBOR + 5.50%), Maturing July 19, 2021 (2) | | 161 | 157,235 |
| Term Loan - Second Lien, 8.44%, (3 mo. USD LIBOR + 6.50%), Maturing July 18, 2020 (3) | | 210 | 167,807 |
| TransDigm, Inc. | | | |
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing June 9, 2023 | | 2,889 | 2,901,600 |
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 22, 2024 | | 1,204 | 1,209,458 |
| Wesco Aircraft Hardware Corp. | | | |
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing November 30, 2020 | | 398 | 398,310 |
| WP CPP Holdings, LLC | | | |
| Term Loan, 5.68%, (3 mo. USD LIBOR + 3.75%), Maturing April 30, 2025 | | 915 | 910,170 |
| | | | $ 5,990,023 |
| Automotive 3.3% | | | |
| Adient US, LLC | | | |
| Term Loan, 6.18%, (3 mo. USD LIBOR + 4.25%), Maturing May 6, 2024 | | 672 | $ 676,523 |
| American Axle and Manufacturing, Inc. | | | |
| Term Loan, 4.07%, (USD LIBOR + 2.25%), Maturing April 6, 2024 (4) | | 1,088 | 1,086,589 |
| Autokiniton US Holdings, Inc. | | | |
| Term Loan, 8.17%, (1 mo. USD LIBOR + 6.38%), Maturing May 22, 2025 | | 369 | 354,600 |
| Bright Bidco B.V. | | | |
| Term Loan, 5.40%, (USD LIBOR + 3.50%), Maturing June 30, 2024 (4) | | 732 | 436,348 |
| Chassix, Inc. | | | |
| Term Loan, 7.44%, (USD LIBOR + 5.50%), Maturing November 15, 2023 (4) | | 637 | 589,225 |
| Dayco Products, LLC | | | |
| Term Loan, 6.16%, (3 mo. USD LIBOR + 4.25%), Maturing May 19, 2023 | | 488 | 431,438 |
| Garrett LX III S.a.r.l. | | | |
| Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing September 27, 2025 | EUR | 184 | 207,456 |
| Term Loan, 4.45%, (3 mo. USD LIBOR + 2.50%), Maturing September 27, 2025 | | 123 | 123,322 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Automotive (continued) | |||
| IAA, Inc. | |||
| Term Loan, 4.06%, (1 mo. USD LIBOR + 2.25%), Maturing June 28, 2026 | 267 | $ 268,915 | |
| Panther BF Aggregator 2 L.P. | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing April 30, 2026 | 1,671 | 1,680,893 | |
| Tenneco, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025 | 1,683 | 1,650,602 | |
| Thor Industries, Inc. | |||
| Term Loan, 5.50%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2026 | 509 | 511,380 | |
| TI Group Automotive Systems, LLC | |||
| Term Loan, 3.50%, (3 mo. EURIBOR + 2.75%, Floor 0.75%), Maturing June 30, 2022 | EUR | 359 | 403,767 |
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing June 30, 2022 | 430 | 431,882 | |
| $ 8,852,940 | |||
| Beverage and Tobacco 0.7% | |||
| Arterra Wines Canada, Inc. | |||
| Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing December 15, 2023 | 1,190 | $ 1,191,143 | |
| Flavors Holdings, Inc. | |||
| Term Loan, 7.69%, (3 mo. USD LIBOR + 5.75%), Maturing April 3, 2020 (3) | 271 | 257,772 | |
| Term Loan - Second Lien, 11.94%, (3 mo. USD LIBOR + 10.00%), Maturing October 3, 2021 (3) | 500 | 475,000 | |
| $ 1,923,915 | |||
| Brokerage / Securities Dealers / Investment Houses 0.1% | |||
| OZ Management L.P. | |||
| Term Loan, 6.50%, (1 mo. USD LIBOR + 4.75%), Maturing April 10, 2023 | 59 | $ 58,573 | |
| Resolute Investment Managers, Inc. | |||
| Term Loan - Second Lien, 9.43%, (3 mo. USD LIBOR + 7.50%), Maturing April 30, | |||
| 2023 | 250 | 249,375 | |
| $ 307,948 | |||
| Building and Development 4.1% | |||
| Advanced Drainage Systems, Inc. | |||
| Term Loan, 4.00%, (1 mo. USD LIBOR + 2.25%), Maturing July 31, 2026 | 139 | $ 140,853 | |
| American Builders & Contractors Supply Co., Inc. | |||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2027 | 1,122 | 1,127,448 |
5 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | |
|---|---|---|
| Building and Development (continued) | ||
| APi Group DE, Inc. | ||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing October 1, 2026 | 675 | $ 681,223 |
| Beacon Roofing Supply, Inc. | ||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing January 2, 2025 | 270 | 271,792 |
| Brookfield Property REIT, Inc. | ||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025 | 444 | 442,153 |
| Core & Main L.P. | ||
| Term Loan, 4.53%, (USD LIBOR + 2.75%), Maturing August 1, 2024 (4) | 517 | 516,949 |
| CPG International, Inc. | ||
| Term Loan, 5.93%, (6 mo. USD LIBOR + 3.75%), Maturing May 5, 2024 | 911 | 915,054 |
| Cushman & Wakefield U.S. Borrower, LLC | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing August 21, 2025 | 2,592 | 2,605,553 |
| Henry Company, LLC | ||
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing October 5, 2023 | 194 | 195,584 |
| NCI Building Systems, Inc. | ||
| Term Loan, 5.49%, (1 mo. USD LIBOR + 3.75%), Maturing April 12, 2025 | 346 | 345,467 |
| Quikrete Holdings, Inc. | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing November 15, 2023 | 1,202 | 1,209,542 |
| RE/MAX International, Inc. | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing December 15, 2023 | 891 | 891,930 |
| Summit Materials Companies I, LLC | ||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing November 21, 2024 | 294 | 295,746 |
| Werner FinCo L.P. | ||
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing July 24, 2024 | 538 | 537,992 |
| WireCo WorldGroup, Inc. | ||
| Term Loan, 6.80%, (1 mo. USD LIBOR + 5.00%), Maturing September 30, 2023 | 266 | 253,558 |
| Term Loan - Second Lien, 10.80%, (1 mo. USD LIBOR + 9.00%), Maturing September 30, | ||
| 2024 | 575 | 534,750 |
| $ 10,965,594 | ||
| Business Equipment and Services 10.9% | ||
| Adtalem Global Education, Inc. | ||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing April 11, 2025 | 172 | $ 172,662 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Business Equipment and Services (continued) | |||
| AlixPartners, LLP | |||
| Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), Maturing April 4, 2024 | EUR | 347 | $ 392,573 |
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 4, 2024 | 1,047 | 1,054,482 | |
| Allied Universal Holdco, LLC | |||
| Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing July 10, 2026 | 1,069 | 1,077,296 | |
| Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing July 10, 2026 | 106 | 106,663 | |
| Altran Technologies S.A. | |||
| Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing March 20, 2025 | EUR | 616 | 695,802 |
| AppLovin Corporation | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing August 15, 2025 | 1,634 | 1,646,054 | |
| Belfor Holdings, Inc. | |||
| Term Loan, 5.69%, (1 mo. USD LIBOR + 4.00%), Maturing April 6, 2026 | 249 | 250,305 | |
| BidFair MergeRight, Inc. | |||
| Term Loan, 7.24%, (1 mo. USD LIBOR + 5.50%), Maturing January 15, 2027 | 300 | 297,750 | |
| Bracket Intermediate Holding Corp. | |||
| Term Loan, 6.35%, (3 mo. USD LIBOR + 4.25%), Maturing September 5, 2025 | 420 | 418,638 | |
| Brand Energy & Infrastructure Services, Inc. | |||
| Term Loan, 6.24%, (3 mo. USD LIBOR + 4.25%), Maturing June 21, 2024 | 244 | 243,402 | |
| Camelot U.S. Acquisition 1 Co. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing October 31, 2026 | 700 | 705,104 | |
| Ceridian HCM Holding, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing April 30, 2025 | 691 | 696,578 | |
| CM Acquisition Co. | |||
| Term Loan, 11.94%, (3 mo. USD LIBOR + 10.00%), Maturing July 26, 2023 | 128 | 124,316 | |
| Cypress Intermediate Holdings III, Inc. | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 29, 2024 | 1,202 | 1,209,291 | |
| Deerfield Dakota Holding, LLC | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing February 13, 2025 | 744 | 743,388 | |
| EAB Global, Inc. | |||
| Term Loan, 5.74%, (USD LIBOR + 3.75%), Maturing November 15, 2024 (4) | 614 | 616,365 |
6 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | |
|---|---|---|
| Business Equipment and Services (continued) | ||
| EIG Investors Corp. | ||
| Term Loan, 5.67%, (3 mo. USD LIBOR + 3.75%), Maturing February 9, 2023 | 1,375 | $ 1,363,870 |
| Element Materials Technology Group US Holdings, Inc. | ||
| Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing June 28, 2024 | 172 | 170,830 |
| Garda World Security Corporation | ||
| Term Loan, 6.66%, (3 mo. USD LIBOR + 4.75%), Maturing October 30, 2026 | 975 | 981,906 |
| IG Investment Holdings, LLC | ||
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025 | 1,114 | 1,118,605 |
| IRI Holdings, Inc. | ||
| Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing December 1, 2025 | 965 | 949,162 |
| Iron Mountain, Inc. | ||
| Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026 | 418 | 417,211 |
| KAR Auction Services, Inc. | ||
| Term Loan, 4.06%, (1 mo. USD LIBOR + 2.25%), Maturing September 19, 2026 | 299 | 301,928 |
| Kronos Incorporated | ||
| Term Loan, 4.91%, (3 mo. USD LIBOR + 3.00%), Maturing November 1, 2023 | 2,772 | 2,789,503 |
| KUEHG Corp. | ||
| Term Loan, 5.69%, (3 mo. USD LIBOR + 3.75%), Maturing February 21, 2025 | 1,425 | 1,430,345 |
| Term Loan - Second Lien, 10.19%, (3 mo. USD LIBOR + 8.25%), Maturing August 18, 2025 | 200 | 200,000 |
| Monitronics International, Inc. | ||
| Term Loan, 8.30%, (1 mo. USD LIBOR + 6.50%), Maturing March 29, 2024 | 745 | 624,007 |
| PGX Holdings, Inc. | ||
| Term Loan, 7.05%, (1 mo. USD LIBOR + 5.25%), Maturing September 29, 2020 | 565 | 301,107 |
| Pike Corporation | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing July 24, 2026 | 244 | 246,145 |
| Pre-Paid Legal Services, Inc. | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2025 | 225 | 225,392 |
| Prime Security Services Borrower, LLC | ||
| Term Loan, 4.94%, (1 mo. USD LIBOR + 3.25%), Maturing September 23, 2026 | 1,128 | 1,132,002 |
| Prometric Holdings, Inc. | ||
| Term Loan, 4.79%, (1 mo. USD LIBOR + 3.00%), Maturing January 29, 2025 | 147 | 147,478 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Business Equipment and Services (continued) | |||
| Red Ventures, LLC | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing November 8, 2024 | 663 | $ 669,880 | |
| Sabre GLBL, Inc. | |||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing February 22, 2024 | 466 | 469,247 | |
| SMG US Midco 2, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing January 23, 2025 | 123 | 123,580 | |
| Spin Holdco, Inc. | |||
| Term Loan, 5.25%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2022 | 1,687 | 1,678,795 | |
| Techem Verwaltungsgesellschaft 675 mbH | |||
| Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing July 31, 2025 | EUR | 715 | 807,908 |
| Tempo Acquisition, LLC | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing May 1, 2024 | 904 | 911,107 | |
| Vestcom Parent Holdings, Inc. | |||
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing December 19, 2023 | 241 | 228,972 | |
| WASH Multifamily Laundry Systems, LLC | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022 | 122 | 119,463 | |
| West Corporation | |||
| Term Loan, 5.43%, (3 mo. USD LIBOR + 3.50%), Maturing October 10, 2024 | 148 | 124,695 | |
| Term Loan, 5.93%, (3 mo. USD LIBOR + 4.00%), Maturing October 10, 2024 | 515 | 437,325 | |
| Zephyr Bidco Limited | |||
| Term Loan, 5.21%, (1 mo. GBP LIBOR + 4.50%), Maturing July 23, 2025 | GBP | 350 | 458,394 |
| $ 28,879,526 | |||
| Cable and Satellite Television 4.9% | |||
| Altice France S.A. | |||
| Term Loan, 5.43%, (1 mo. USD LIBOR + 3.69%), Maturing January 31, 2026 | 346 | $ 346,670 | |
| Term Loan, 5.74%, (1 mo. USD LIBOR + 4.00%), Maturing August 14, 2026 | 696 | 700,400 | |
| CSC Holdings, LLC | |||
| Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025 | 1,702 | 1,706,239 | |
| Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026 | 471 | 473,088 | |
| Term Loan, 4.24%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2027 | 593 | 596,450 |
7 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Cable and Satellite Television (continued) | |||
| Numericable Group S.A. | |||
| Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing July 31, 2025 | EUR | 219 | $ 243,988 |
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025 | 878 | 872,930 | |
| Radiate Holdco, LLC | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing February 1, 2024 | 904 | 908,096 | |
| Telenet Financing USD, LLC | |||
| Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing August 15, 2026 | 1,375 | 1,384,884 | |
| Virgin Media Bristol, LLC | |||
| Term Loan, 4.24%, (1 mo. USD LIBOR + 2.50%), Maturing January 31, 2028 | 2,050 | 2,065,375 | |
| Virgin Media SFA Finance Limited | |||
| Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), Maturing January 31, 2029 | EUR | 575 | 647,436 |
| Ziggo B.V. | |||
| Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing January 31, 2029 | EUR | 1,075 | 1,207,335 |
| Ziggo Secured Finance Partnership | |||
| Term Loan, 4.24%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2025 | 1,700 | 1,703,896 | |
| $ 12,856,787 | |||
| Chemicals and Plastics 6.5% | |||
| Alpha 3 B.V. | |||
| Term Loan, 4.94%, (3 mo. USD LIBOR + 3.00%), Maturing January 31, 2024 | 643 | $ 645,453 | |
| Aruba Investments, Inc. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing February 2, 2022 | 434 | 434,903 | |
| Axalta Coating Systems US Holdings, Inc. | |||
| Term Loan, 3.69%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024 | 1,249 | 1,253,038 | |
| Chemours Company (The) | |||
| Term Loan, 2.50%, (3 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing April 3, 2025 | EUR | 285 | 315,805 |
| Emerald Performance Materials, LLC | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2021 | 235 | 233,906 | |
| Ferro Corporation | |||
| Term Loan, 4.19%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 | 158 | 158,236 | |
| Term Loan, 4.19%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 | 161 | 161,675 | |
| Term Loan, 4.19%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 | 195 | 194,900 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Chemicals and Plastics (continued) | |||
| Flint Group GmbH | |||
| Term Loan, 4.94%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021 | 71 | $ 61,746 | |
| Flint Group US, LLC | |||
| Term Loan, 4.94%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021 | 427 | 373,512 | |
| Gemini HDPE, LLC | |||
| Term Loan, 4.43%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024 | 740 | 743,870 | |
| H.B. Fuller Company | |||
| Term Loan, 3.76%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024 | 760 | 762,974 | |
| Hexion, Inc. | |||
| Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), Maturing July 1, 2026 | EUR | 700 | 788,134 |
| Term Loan, 5.60%, (3 mo. USD LIBOR + 3.50%), Maturing July 1, 2026 | 348 | 350,418 | |
| INEOS Enterprises Holdings Limited | |||
| Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), Maturing August 28, 2026 | EUR | 100 | 113,011 |
| INEOS Enterprises Holdings US Finco, LLC | |||
| Term Loan, 5.91%, (3 mo. USD LIBOR + 4.00%), Maturing August 31, 2026 | 125 | 125,350 | |
| INEOS Finance PLC | |||
| Term Loan, 2.50%, (1 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing March 31, 2024 | EUR | 1,421 | 1,596,425 |
| Kraton Polymers, LLC | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing March 5, 2025 | 362 | 361,463 | |
| Messer Industries GmbH | |||
| Term Loan, 4.44%, (3 mo. USD LIBOR + 2.50%), Maturing March 1, 2026 | 695 | 699,309 | |
| Minerals Technologies, Inc. | |||
| Term Loan, 4.06%, (USD LIBOR + 2.25%), Maturing February 14, 2024 (4) | 411 | 413,478 | |
| Momentive Performance Materials, Inc. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing May 15, 2024 | 224 | 222,616 | |
| Orion Engineered Carbons GmbH | |||
| Term Loan, 2.25%, (3 mo. EURIBOR + 2.25%), Maturing July 25, 2024 | EUR | 360 | 406,526 |
| Term Loan, 3.94%, (3 mo. USD LIBOR + 2.00%), Maturing July 25, 2024 | 475 | 476,282 | |
| PMHC II, Inc. | |||
| Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing March 31, 2025 | 820 | 730,056 |
8 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Chemicals and Plastics (continued) | |||
| PQ Corporation | |||
| Term Loan, 4.43%, (3 mo. USD LIBOR + 2.50%), Maturing February 8, 2025 | 1,091 | $ 1,098,104 | |
| Pregis TopCo Corporation | |||
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing July 31, 2026 | 300 | 300,562 | |
| Spectrum Holdings III Corp. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing January 31, 2025 | 156 | 145,902 | |
| Starfruit Finco B.V. | |||
| Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing October 1, 2025 | EUR | 200 | 226,677 |
| Term Loan, 4.96%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025 | 1,306 | 1,308,915 | |
| Tronox Finance, LLC | |||
| Term Loan, 4.61%, (USD LIBOR + 2.75%), Maturing September 23, 2024 (4) | 1,370 | 1,374,294 | |
| Univar, Inc. | |||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing July 1, 2024 | 988 | 993,380 | |
| Venator Materials Corporation | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing August 8, 2024 | 171 | 170,421 | |
| $ 17,241,341 | |||
| Conglomerates 0.3% | |||
| Kronos Acquisition Holdings, Inc. | |||
| Term Loan, 8.80%, (1 mo. USD LIBOR + 7.00%), Maturing May 15, 2023 | 744 | $ 738,792 | |
| Penn Engineering & Manufacturing Corp. | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2024 | 104 | 104,373 | |
| $ 843,165 | |||
| Containers and Glass Products 3.2% | |||
| Berlin Packaging, LLC | |||
| Term Loan, 4.72%, (USD LIBOR + 3.00%), Maturing November 7, 2025 (4) | 123 | $ 122,553 | |
| Berry Global, Inc. | |||
| Term Loan, 3.72%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2022 | 384 | 386,320 | |
| Term Loan, 2.50%, (1 mo. EURIBOR + 2.50%), Maturing July 1, 2026 | EUR | 149 | 167,877 |
| Term Loan, 4.22%, (1 mo. USD LIBOR + 2.50%), Maturing July 1, 2026 | 448 | 449,771 |
| Borrower/Tranche Description | Value | |
|---|---|---|
| Containers and Glass Products (continued) | ||
| BWAY Holding Company | ||
| Term Loan, 5.23%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024 | 1,200 | $ 1,197,838 |
| Consolidated Container Company, LLC | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024 | 171 | 171,980 |
| Flex Acquisition Company, Inc. | ||
| Term Loan, 5.09%, (USD LIBOR + 3.00%), Maturing December 29, 2023 (4) | 1,434 | 1,425,612 |
| Term Loan, 5.35%, (3 mo. USD LIBOR + 3.25%), Maturing June 29, 2025 | 685 | 681,367 |
| Libbey Glass, Inc. | ||
| Term Loan, 4.71%, (1 mo. USD LIBOR + 3.00%), Maturing April 9, 2021 | 455 | 373,621 |
| Pelican Products, Inc. | ||
| Term Loan, 5.24%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2025 | 296 | 271,860 |
| Reynolds Group Holdings, Inc. | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2023 | 2,465 | 2,476,343 |
| Ring Container Technologies Group, LLC | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2024 | 389 | 390,447 |
| Trident TPI Holdings, Inc. | ||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing October 17, 2024 | 368 | 358,698 |
| $ 8,474,287 | ||
| Cosmetics / Toiletries 0.3% | ||
| KIK Custom Products, Inc. | ||
| Term Loan, 5.79%, (1 mo. USD LIBOR + 4.00%), Maturing May 15, 2023 | 876 | $ 863,455 |
| $ 863,455 | ||
| Drugs 6.1% | ||
| Akorn, Inc. | ||
| Term Loan, 11.81%, (11.06% cash (1 mo. USD LIBOR + 9.25%), 0.75% PIK), Maturing April 16, 2021 | 965 | $ 926,810 |
| Albany Molecular Research, Inc. | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing August 30, 2024 | 318 | 317,489 |
| Alkermes, Inc. | ||
| Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing March 23, 2023 | 187 | 186,067 |
9 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Drugs (continued) | |||
| Amneal Pharmaceuticals, LLC | |||
| Term Loan, 5.31%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025 | 1,649 | $ 1,491,962 | |
| Arbor Pharmaceuticals, Inc. | |||
| Term Loan, 6.94%, (3 mo. USD LIBOR + 5.00%), Maturing July 5, 2023 | 1,005 | 892,206 | |
| Bausch Health Companies, Inc. | |||
| Term Loan, 4.74%, (1 mo. USD LIBOR + 3.00%), Maturing June 2, 2025 | 2,583 | 2,602,142 | |
| Catalent Pharma Solutions, Inc. | |||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing May 18, 2026 | 372 | 374,514 | |
| Endo Luxembourg Finance Company I S.a.r.l. | |||
| Term Loan, 6.06%, (1 mo. USD LIBOR + 4.25%), Maturing April 29, 2024 | 2,860 | 2,724,564 | |
| Horizon Therapeutics USA, Inc. | |||
| Term Loan, 3.94%, (1 mo. USD LIBOR + 2.25%), Maturing May 22, 2026 | 976 | 984,112 | |
| Jaguar Holding Company II | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2022 | 3,210 | 3,231,122 | |
| Mallinckrodt International Finance S.A. | |||
| Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing September 24, 2024 | 1,291 | 1,052,638 | |
| Term Loan, 4.91%, (3 mo. USD LIBOR + 3.00%), Maturing February 24, 2025 | 1,462 | 1,194,211 | |
| Nidda Healthcare Holding AG | |||
| Term Loan, Maturing August 21, 2024 (5) | EUR | 275 | 309,078 |
| $ 16,286,915 | |||
| Ecological Services and Equipment 1.2% | |||
| Advanced Disposal Services, Inc. | |||
| Term Loan, 3.85%, (1 week USD LIBOR + 2.25%), Maturing November 10, 2023 | 938 | $ 942,857 | |
| EnergySolutions, LLC | |||
| Term Loan, 5.69%, (3 mo. USD LIBOR + 3.75%), Maturing May 9, 2025 | 864 | 818,742 | |
| GFL Environmental, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing May 30, 2025 | 1,133 | 1,136,200 | |
| Terrapure Environmental Ltd. | |||
| Term Loan, Maturing November 25, 2026 (5) | 200 | 201,000 | |
| US Ecology Holdings, Inc. | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 14, 2026 | 125 | 126,133 | |
| $ 3,224,932 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Electronics / Electrical 18.2% | |||
| Almonde, Inc. | |||
| Term Loan, 5.70%, (6 mo. USD LIBOR + 3.50%), Maturing June 13, 2024 | 1,677 | $ 1,669,568 | |
| Applied Systems, Inc. | |||
| Term Loan, 5.19%, (3 mo. USD LIBOR + 3.25%), Maturing September 19, 2024 | 1,347 | 1,354,280 | |
| Term Loan - Second Lien, 8.94%, (3 mo. USD LIBOR + 7.00%), Maturing September 19, 2025 | 1,225 | 1,257,156 | |
| Aptean, Inc. | |||
| Term Loan, 6.19%, (3 mo. USD LIBOR + 4.25%), Maturing April 23, 2026 | 248 | 247,350 | |
| Term Loan - Second Lien, 10.44%, (3 mo. USD LIBOR + 8.50%), Maturing April 23, 2027 | 650 | 643,500 | |
| Avast Software B.V. | |||
| Term Loan, 4.19%, (3 mo. USD LIBOR + 2.25%), Maturing September 29, 2023 | 257 | 259,345 | |
| Banff Merger Sub, Inc. | |||
| Term Loan, 4.75%, (3 mo. EURIBOR + 4.75%), Maturing October 2, 2025 | EUR | 124 | 139,750 |
| Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing October 2, 2025 | 1,510 | 1,494,888 | |
| Barracuda Networks, Inc. | |||
| Term Loan, 5.16%, (3 mo. USD LIBOR + 3.25%), Maturing February 12, 2025 | 1,136 | 1,144,054 | |
| Canyon Valor Companies, Inc. | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing June 16, 2023 | 790 | 790,799 | |
| CDW, LLC | |||
| Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing October 13, 2026 | 598 | 602,938 | |
| Celestica, Inc. | |||
| Term Loan, 4.29%, (1 mo. USD LIBOR + 2.50%), Maturing June 27, 2025 | 149 | 148,639 | |
| Cohu, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025 | 346 | 343,897 | |
| CommScope, Inc. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing April 6, 2026 | 823 | 829,311 | |
| CPI International, Inc. | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing July 26, 2024 | 318 | 306,171 | |
| Datto, Inc. | |||
| Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing April 2, 2026 | 174 | 175,757 | |
| ECI Macola/Max Holding, LLC | |||
| Term Loan, 6.19%, (3 mo. USD LIBOR + 4.25%), Maturing September 27, 2024 | 368 | 368,834 |
10 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Electronics / Electrical (continued) | |||
| Electro Rent Corporation | |||
| Term Loan, 6.94%, (3 mo. USD LIBOR + 5.00%), Maturing January 31, 2024 | 582 | $ 586,850 | |
| Energizer Holdings, Inc. | |||
| Term Loan, 4.00%, (1 mo. USD LIBOR + 2.25%), Maturing December 17, 2025 | 165 | 166,081 | |
| Epicor Software Corporation | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing June 1, 2022 | 2,118 | 2,134,727 | |
| EXC Holdings III Corp. | |||
| Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing December 2, 2024 | 221 | 220,219 | |
| Financial & Risk US Holdings, Inc. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025 | 569 | 574,705 | |
| Flexera Software, LLC | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing February 26, 2025 | 147 | 148,045 | |
| GlobalLogic Holdings, Inc. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing August 1, 2025 | 194 | 195,906 | |
| Hyland Software, Inc. | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing July 1, 2024 | 1,726 | 1,741,996 | |
| Term Loan - Second Lien, 8.80%, (1 mo. USD LIBOR + 7.00%), Maturing July 7, 2025 | 2,031 | 2,061,334 | |
| Infoblox, Inc. | |||
| Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023 | 883 | 887,668 | |
| Infor (US), Inc. | |||
| Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing February 1, 2022 | 3,273 | 3,291,007 | |
| Informatica, LLC | |||
| Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing August 5, 2022 | EUR | 147 | 166,624 |
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing August 5, 2022 | 2,073 | 2,084,214 | |
| MA FinanceCo., LLC | |||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing November 19, 2021 | 1,323 | 1,334,031 | |
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024 | 222 | 222,843 | |
| MACOM Technology Solutions Holdings, Inc. | |||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing May 17, 2024 | 577 | 552,648 | |
| Microchip Technology Incorporated | |||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing May 29, 2025 | 704 | 711,285 |
| Borrower/Tranche Description | Value | |
|---|---|---|
| Electronics / Electrical (continued) | ||
| MKS Instruments, Inc. | ||
| Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing February 2, 2026 | 165 | $ 165,289 |
| MTS Systems Corporation | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing July 5, 2023 | 234 | 235,754 |
| NCR Corporation | ||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing August 28, 2026 | 449 | 451,680 |
| Renaissance Holding Corp. | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing May 30, 2025 | 566 | 565,136 |
| Term Loan - Second Lien, 8.80%, (1 mo. USD LIBOR + 7.00%), Maturing May 29, 2026 | 75 | 70,312 |
| Seattle Spinco, Inc. | ||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024 | 1,499 | 1,504,912 |
| SGS Cayman L.P. | ||
| Term Loan, 7.32%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021 | 187 | 184,995 |
| SkillSoft Corporation | ||
| Term Loan, 6.95%, (6 mo. USD LIBOR + 4.75%), Maturing April 28, 2021 | 2,223 | 1,730,157 |
| SolarWinds Holdings, Inc. | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2024 | 907 | 914,620 |
| Solera, LLC | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023 | 1,106 | 1,109,511 |
| Sparta Systems, Inc. | ||
| Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing August 21, 2024 | 574 | 498,974 |
| SS&C Technologies Holdings Europe S.a.r.l. | ||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025 | 520 | 523,880 |
| SS&C Technologies, Inc. | ||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025 | 750 | 755,578 |
| SurveyMonkey, Inc. | ||
| Term Loan, 5.38%, (1 week USD LIBOR + 3.75%), Maturing October 10, 2025 | 471 | 472,473 |
| Sutherland Global Services, Inc. | ||
| Term Loan, 7.32%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021 | 802 | 794,727 |
| Switch, Ltd. | ||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing June 27, 2024 | 122 | 122,675 |
11 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | |
|---|---|---|
| Electronics / Electrical (continued) | ||
| Tibco Software, Inc. | ||
| Term Loan, 5.71%, (1 mo. USD LIBOR + 4.00%), Maturing June 30, 2026 | 569 | $ 572,099 |
| TriTech Software Systems | ||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing August 29, 2025 | 396 | 379,500 |
| TTM Technologies, Inc. | ||
| Term Loan, 4.19%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2024 | 127 | 127,957 |
| Uber Technologies, Inc. | ||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023 | 2,009 | 2,010,637 |
| Term Loan, 5.74%, (1 mo. USD LIBOR + 4.00%), Maturing April 4, 2025 | 1,208 | 1,211,634 |
| Ultimate Software Group, Inc. (The) | ||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing May 4, 2026 | 773 | 778,217 |
| Ultra Clean Holdings, Inc. | ||
| Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025 | 364 | 364,969 |
| Verifone Systems, Inc. | ||
| Term Loan, 5.90%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025 | 570 | 564,173 |
| Veritas Bermuda, Ltd. | ||
| Term Loan, 6.32%, (USD LIBOR + 4.50%), Maturing January 27, 2023 (4) | 1,031 | 996,613 |
| Vero Parent, Inc. | ||
| Term Loan, 8.16%, (3 mo. USD LIBOR + 6.25%), Maturing August 16, 2024 | 1,198 | 1,152,681 |
| Vungle, Inc. | ||
| Term Loan, 7.30%, (1 mo. USD LIBOR + 5.50%), Maturing September 30, 2026 | 324 | 321,351 |
| Western Digital Corporation | ||
| Term Loan, 3.45%, (1 mo. USD LIBOR + 1.75%), Maturing April 29, 2023 | 708 | 712,908 |
| $ 48,149,832 | ||
| Equipment Leasing 0.1% | ||
| IBC Capital Limited | ||
| Term Loan, 5.65%, (3 mo. USD LIBOR + 3.75%), Maturing September 11, 2023 | 270 | $ 270,863 |
| $ 270,863 | ||
| Financial Intermediaries 4.4% | ||
| Apollo Commercial Real Estate Finance, Inc. | ||
| Term Loan, 4.49%, (1 mo. USD LIBOR + 2.75%), Maturing May 15, 2026 | 199 | $ 199,995 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Financial Intermediaries (continued) | |||
| Aretec Group, Inc. | |||
| Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing October 1, 2025 | 2,358 | $ 2,334,827 | |
| Citco Funding, LLC | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2023 | 1,891 | 1,891,841 | |
| Claros Mortgage Trust, Inc. | |||
| Term Loan, 4.96%, (1 mo. USD LIBOR + 3.25%), Maturing August 9, 2026 | 349 | 351,743 | |
| Ditech Holding Corporation | |||
| Term Loan, 0.00%, Maturing June 30, | |||
| 2022 (6) | 1,397 | 578,968 | |
| EIG Management Company, LLC | |||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing February 22, 2025 | 123 | 123,043 | |
| Evergood 4 ApS | |||
| Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing February 6, 2025 | EUR | 325 | 366,994 |
| Focus Financial Partners, LLC | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing July 3, 2024 | 1,334 | 1,345,319 | |
| Franklin Square Holdings L.P. | |||
| Term Loan, 4.06%, (1 mo. USD LIBOR + 2.25%), Maturing August 1, 2025 | 247 | 247,801 | |
| Greenhill & Co., Inc. | |||
| Term Loan, 4.99%, (1 mo. USD LIBOR + 3.25%), Maturing April 12, 2024 | 512 | 506,116 | |
| GreenSky Holdings, LLC | |||
| Term Loan, 5.06%, (1 mo. USD LIBOR + 3.25%), Maturing March 31, 2025 | 639 | 640,222 | |
| Guggenheim Partners, LLC | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing July 21, 2023 | 503 | 503,813 | |
| Harbourvest Partners, LLC | |||
| Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing March 3, 2025 | 475 | 477,244 | |
| LPL Holdings, Inc. | |||
| Term Loan, 3.54%, (1 mo. USD LIBOR + 1.75%), Maturing November 12, 2026 | 600 | 604,625 | |
| Ocwen Loan Servicing, LLC | |||
| Term Loan, 6.80%, (1 mo. USD LIBOR + 5.00%), Maturing December 7, 2020 | 128 | 127,541 | |
| Starwood Property Trust, Inc. | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing July 27, 2026 | 249 | 251,398 | |
| StepStone Group L.P. | |||
| Term Loan, 5.84%, (2 mo. USD LIBOR + 4.00%), Maturing March 27, 2025 | 295 | 294,382 |
12 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Financial Intermediaries (continued) | |||
| Victory Capital Holdings, Inc. | |||
| Term Loan, 5.35%, (3 mo. USD LIBOR + 3.25%), Maturing July 1, 2026 | 563 | $ 567,292 | |
| Virtus Investment Partners, Inc. | |||
| Term Loan, 3.94%, (1 mo. USD LIBOR + 2.25%), Maturing June 1, 2024 | 254 | 255,536 | |
| $ 11,668,700 | |||
| Food Products 4.2% | |||
| Alphabet Holding Company, Inc. | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024 | 1,124 | $ 1,086,655 | |
| Atkins Nutritionals Holdings II, Inc. | |||
| Term Loan, 5.73%, (3 mo. USD LIBOR + 3.75%), Maturing July 7, 2024 | 175 | 177,188 | |
| B&G Foods, Inc. | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing October 10, 2026 | 125 | 125,934 | |
| Badger Buyer Corp. | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing September 30, 2024 | 171 | 153,101 | |
| CHG PPC Parent, LLC | |||
| Term Loan, 3.50%, (1 mo. EURIBOR + 3.50%), Maturing March 31, 2025 | EUR | 1,375 | 1,554,869 |
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025 | 222 | 222,733 | |
| Del Monte Foods, Inc. | |||
| Term Loan, 5.16%, (3 mo. USD LIBOR + 3.25%), Maturing February 18, 2021 | 818 | 730,908 | |
| Dole Food Company, Inc. | |||
| Term Loan, 4.53%, (1 mo. USD LIBOR + 2.75%), Maturing April 6, 2024 | 773 | 772,954 | |
| Froneri International PLC | |||
| Term Loan, 2.13%, (1 mo. EURIBOR + 2.13%), Maturing January 31, 2025 | EUR | 1,200 | 1,351,241 |
| Hearthside Food Solutions, LLC | |||
| Term Loan, 5.49%, (1 mo. USD LIBOR + 3.69%), Maturing May 23, 2025 | 840 | 833,952 | |
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025 | 198 | 198,000 | |
| HLF Financing S.a.r.l. | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing August 18, 2025 | 494 | 496,527 | |
| Jacobs Douwe Egberts International B.V. | |||
| Term Loan, 2.25%, (3 mo. EURIBOR + 1.75%, Floor 0.50%), Maturing November 1, 2025 | EUR | 117 | 132,745 |
| Term Loan, 3.75%, (1 mo. USD LIBOR + 2.00%), Maturing November 1, 2025 | 681 | 684,897 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Food Products (continued) | |||
| JBS USA Lux S.A. | |||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing May 1, 2026 | 1,935 | $ 1,951,446 | |
| Nomad Foods Europe Midco Limited | |||
| Term Loan, 3.99%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024 | 566 | 568,562 | |
| $ 11,041,712 | |||
| Food Service 1.9% | |||
| 1011778 B.C. Unlimited Liability Company | |||
| Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing November 19, 2026 | 2,675 | $ 2,681,671 | |
| IRB Holding Corp. | |||
| Term Loan, 5.22%, (3 mo. USD LIBOR + 3.25%), Maturing February 5, 2025 | 887 | 892,322 | |
| NPC International, Inc. | |||
| Term Loan, 5.43%, (3 mo. USD LIBOR + 3.50%), Maturing April 19, 2024 | 414 | 193,099 | |
| Restaurant Technologies, Inc. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025 | 99 | 99,743 | |
| US Foods, Inc. | |||
| Term Loan, 3.55%, (1 mo. USD LIBOR + 1.75%), Maturing June 27, 2023 | 393 | 394,699 | |
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing September 13, 2026 | 773 | 777,323 | |
| $ 5,038,857 | |||
| Food / Drug Retailers 0.9% | |||
| Albertsons, LLC | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing November 17, 2025 | 183 | $ 185,087 | |
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing August 17, 2026 | 1,485 | 1,500,189 | |
| Allsups Convenience Stores, Inc. | |||
| Term Loan, 8.00%, (1 mo. USD LIBOR + 6.25%), Maturing November 18, 2024 | 300 | 299,250 | |
| Diplomat Pharmacy, Inc. | |||
| Term Loan, 6.41%, (3 mo. USD LIBOR + 4.50%), Maturing December 20, 2024 | 218 | 212,386 | |
| L1R HB Finance Limited | |||
| Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing August 9, 2024 | EUR | 200 | 135,869 |
| Term Loan, 6.04%, (3 mo. GBP LIBOR + 5.25%), Maturing September 2, 2024 | GBP | 200 | 160,446 |
| $ 2,493,227 |
13 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Health Care 12.4% | |||
| Acadia Healthcare Company, Inc. | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing February 11, 2022 | 114 | $ 114,669 | |
| ADMI Corp. | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 30, 2025 | 813 | 815,164 | |
| Alliance Healthcare Services, Inc. | |||
| Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing October 24, 2023 | 380 | 347,700 | |
| Term Loan - Second Lien, 11.80%, (1 mo. USD LIBOR + 10.00%), Maturing April 24, 2024 | 225 | 192,375 | |
| athenahealth, Inc. | |||
| Term Loan, 6.40%, (3 mo. USD LIBOR + 4.50%), Maturing February 11, 2026 | 893 | 899,197 | |
| Athletico Management, LLC | |||
| Term Loan, 5.24%, (1 mo. USD LIBOR + 3.50%), Maturing October 31, 2025 | 248 | 248,119 | |
| Avantor, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing November 21, 2024 | 208 | 209,343 | |
| BioClinica, Inc. | |||
| Term Loan, 6.06%, (1 mo. USD LIBOR + 4.25%), Maturing October 20, 2023 | 704 | 686,323 | |
| BW NHHC Holdco, Inc. | |||
| Term Loan, 6.91%, (3 mo. USD LIBOR + 5.00%), Maturing May 15, 2025 | 1,068 | 880,997 | |
| Carestream Dental Equipment, Inc. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing September 1, 2024 | 435 | 425,590 | |
| Certara L.P. | |||
| Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing August 15, 2024 | 489 | 488,750 | |
| Change Healthcare Holdings, LLC | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing March 1, 2024 | 2,374 | 2,385,394 | |
| CHG Healthcare Services, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing June 7, 2023 | 1,507 | 1,518,466 | |
| CryoLife, Inc. | |||
| Term Loan, 5.19%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2024 | 221 | 221,694 | |
| CTC AcquiCo GmbH | |||
| Term Loan, 2.50%, (3 mo. EURIBOR + 2.50%), Maturing March 7, 2025 | EUR | 390 | 435,235 |
| Da Vinci Purchaser Corp. | |||
| Term Loan, Maturing December 3, 2026 (5) | 175 | 175,219 |
| Borrower/Tranche Description | Value | |
|---|---|---|
| Health Care (continued) | ||
| Ensemble RCM, LLC | ||
| Term Loan, 5.66%, (3 mo. USD LIBOR + 3.75%), Maturing August 3, 2026 | 249 | $ 251,401 |
| Envision Healthcare Corporation | ||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025 | 2,402 | 2,057,709 |
| Gentiva Health Services, Inc. | ||
| Term Loan, 5.56%, (1 mo. USD LIBOR + 3.75%), Maturing July 2, 2025 | 1,139 | 1,146,753 |
| GHX Ultimate Parent Corporation | ||
| Term Loan, 5.21%, (3 mo. USD LIBOR + 3.25%), Maturing June 28, 2024 | 440 | 440,806 |
| Greatbatch Ltd. | ||
| Term Loan, 4.22%, (1 mo. USD LIBOR + 2.50%), Maturing October 27, 2022 | 683 | 684,734 |
| Grifols Worldwide Operations USA, Inc. | ||
| Term Loan, 3.74%, (1 mo. USD LIBOR + 2.00%), Maturing November 15, 2027 | 2,009 | 2,027,707 |
| Hanger, Inc. | ||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing March 6, 2025 | 491 | 493,859 |
| Inovalon Holdings, Inc. | ||
| Term Loan, 5.25%, (1 mo. USD LIBOR + 3.50%), Maturing April 2, 2025 | 538 | 542,066 |
| IQVIA, Inc. | ||
| Term Loan, 3.69%, (3 mo. USD LIBOR + 1.75%), Maturing March 7, 2024 | 313 | 315,154 |
| Term Loan, 3.69%, (3 mo. USD LIBOR + 1.75%), Maturing January 17, 2025 | 464 | 466,779 |
| Medical Solutions, LLC | ||
| Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing June 14, 2024 | 567 | 565,961 |
| MPH Acquisition Holdings, LLC | ||
| Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing June 7, 2023 | 1,571 | 1,553,648 |
| National Mentor Holdings, Inc. | ||
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing March 9, 2026 | 13 | 13,289 |
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing March 9, 2026 | 235 | 237,542 |
| Navicure, Inc. | ||
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing October 22, 2026 | 450 | 451,969 |
| One Call Corporation | ||
| Term Loan, 7.16%, (3 mo. USD LIBOR + 5.25%), Maturing November 25, 2022 | 1,007 | 936,422 |
14 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | |
|---|---|---|
| Health Care (continued) | ||
| Ortho-Clinical Diagnostics S.A. | ||
| Term Loan, 5.31%, (3 mo. USD LIBOR + 3.25%), Maturing June 30, 2025 | 2,313 | $ 2,290,314 |
| Parexel International Corporation | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024 | 1,123 | 1,102,475 |
| Phoenix Guarantor, Inc. | ||
| Term Loan, 6.21%, (1 mo. USD LIBOR + 4.50%), Maturing March 5, 2026 | 871 | 876,611 |
| Radiology Partners Holdings, LLC | ||
| Term Loan, 6.66%, (USD LIBOR + 4.75%), Maturing July 9, | ||
| 2025 (4) | 272 | 273,729 |
| RadNet, Inc. | ||
| Term Loan, 5.51%, (3 mo. USD LIBOR + 3.50%), Maturing June 30, 2023 | 724 | 729,542 |
| Select Medical Corporation | ||
| Term Loan, 4.58%, (3 mo. USD LIBOR + 2.50%), Maturing March 6, 2025 | 1,265 | 1,269,459 |
| Sound Inpatient Physicians | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2025 | 222 | 222,825 |
| Surgery Center Holdings, Inc. | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing September 2, 2024 | 464 | 463,500 |
| Team Health Holdings, Inc. | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing February 6, 2024 | 1,343 | 1,092,415 |
| Tecomet, Inc. | ||
| Term Loan, 4.99%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2024 | 366 | 366,825 |
| U.S. Anesthesia Partners, Inc. | ||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing June 23, 2024 | 734 | 730,690 |
| Verscend Holding Corp. | ||
| Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025 | 716 | 721,754 |
| Viant Medical Holdings, Inc. | ||
| Term Loan, 5.69%, (3 mo. USD LIBOR + 3.75%), Maturing July 2, 2025 | 222 | 218,392 |
| Wink Holdco, Inc. | ||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing December 2, 2024 | 221 | 220,638 |
| $ 32,809,203 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Home Furnishings 0.6% | |||
| Serta Simmons Bedding, LLC | |||
| Term Loan, 5.25%, (1 mo. USD LIBOR + 3.50%), Maturing November 8, 2023 | 2,364 | $ 1,537,723 | |
| $ 1,537,723 | |||
| Industrial Equipment 5.4% | |||
| AI Alpine AT Bidco GmbH | |||
| Term Loan, 4.60%, (2 mo. USD LIBOR + 2.75%), Maturing October 31, 2025 | 99 | $ 97,515 | |
| Altra Industrial Motion Corp. | |||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2025 | 311 | 312,243 | |
| Apex Tool Group, LLC | |||
| Term Loan, 7.30%, (1 mo. USD LIBOR + 5.50%), Maturing August 1, 2024 | 1,117 | 1,102,562 | |
| Carlisle Foodservice Products, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing March 20, 2025 | 123 | 121,452 | |
| Coherent Holding GmbH | |||
| Term Loan, 3.00%, (3 mo. EURIBOR + 2.25%, Floor 0.75%), Maturing November 7, 2023 | EUR | 325 | 369,081 |
| CPM Holdings, Inc. | |||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing November 17, 2025 | 149 | 147,634 | |
| Delachaux Group S.A. | |||
| Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing April 16, 2026 | EUR | 175 | 197,559 |
| Term Loan, 6.50%, (3 mo. USD LIBOR + 4.50%), Maturing April 16, 2026 | 225 | 223,101 | |
| DexKo Global, Inc. | |||
| Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024 | EUR | 147 | 162,210 |
| Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024 | EUR | 367 | 405,528 |
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing July 24, 2024 | 390 | 389,662 | |
| DXP Enterprises, Inc. | |||
| Term Loan, 6.54%, (1 mo. USD LIBOR + 4.75%), Maturing August 29, 2023 | 244 | 244,986 | |
| Dynacast International, LLC | |||
| Term Loan, 5.19%, (3 mo. USD LIBOR + 3.25%), Maturing January 28, 2022 | 577 | 562,659 | |
| Engineered Machinery Holdings, Inc. | |||
| Term Loan, 4.94%, (3 mo. USD LIBOR + 3.00%), Maturing July 19, 2024 | 641 | 636,165 | |
| Term Loan, 6.19%, (3 mo. USD LIBOR + 4.25%), Maturing July 19, 2024 | 149 | 148,748 |
15 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Industrial Equipment (continued) | |||
| EWT Holdings III Corp. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing December 20, 2024 | 926 | $ 931,056 | |
| Filtration Group Corporation | |||
| Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing March 29, 2025 | EUR | 172 | 194,429 |
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025 | 733 | 736,543 | |
| Gardner Denver, Inc. | |||
| Term Loan, 3.00%, (1 mo. EURIBOR + 3.00%), Maturing July 30, 2024 | EUR | 188 | 213,180 |
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing July 30, 2024 | 451 | 454,322 | |
| Gates Global, LLC | |||
| Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing April 1, 2024 | EUR | 413 | 464,052 |
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 1, 2024 | 2,101 | 2,106,639 | |
| Hayward Industries, Inc. | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing August 5, 2024 | 216 | 214,927 | |
| LTI Holdings, Inc. | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing September 6, 2025 | 222 | 201,357 | |
| Term Loan, 6.55%, (1 mo. USD LIBOR + 4.75%), Maturing July 24, 2026 | 100 | 91,521 | |
| Pro Mach Group, Inc. | |||
| Term Loan, 4.54%, (1 mo. USD LIBOR + 2.75%), Maturing March 7, 2025 | 123 | 121,930 | |
| Quimper AB | |||
| Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing February 13, 2026 | EUR | 850 | 956,822 |
| Robertshaw US Holding Corp. | |||
| Term Loan, 5.06%, (1 mo. USD LIBOR + 3.25%), Maturing February 28, 2025 | 467 | 427,019 | |
| Shape Technologies Group, Inc. | |||
| Term Loan, 4.93%, (3 mo. USD LIBOR + 3.00%), Maturing April 21, 2025 | 73 | 66,110 | |
| Thermon Industries, Inc. | |||
| Term Loan, 5.44%, (1 mo. USD LIBOR + 3.75%), Maturing October 24, 2024 | 125 | 125,819 | |
| Titan Acquisition Limited | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025 | 1,400 | 1,379,412 | |
| Welbilt, Inc. | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing October 23, 2025 | 639 | 642,199 | |
| $ 14,448,442 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Insurance 6.2% | |||
| Alliant Holdings Intermediate, LLC | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing May 9, 2025 | 1,128 | $ 1,129,766 | |
| Term Loan, 4.99%, (1 mo. USD LIBOR + 3.25%), Maturing May 9, 2025 | 224 | 224,575 | |
| AmWINS Group, Inc. | |||
| Term Loan, 4.53%, (1 mo. USD LIBOR + 2.75%), Maturing January 25, 2024 | 2,061 | 2,079,709 | |
| Asurion, LLC | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2022 | 1,933 | 1,947,248 | |
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing November 3, 2023 | 983 | 990,496 | |
| Term Loan - Second Lien, 8.30%, (1 mo. USD LIBOR + 6.50%), Maturing August 4, 2025 | 1,800 | 1,826,550 | |
| Financiere CEP S.A.S. | |||
| Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing January 16, 2025 | EUR | 250 | 283,667 |
| FrontDoor, Inc. | |||
| Term Loan, 4.31%, (1 mo. USD LIBOR + 2.50%), Maturing August 16, 2025 | 222 | 223,018 | |
| Hub International Limited | |||
| Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing April 25, 2025 | 2,315 | 2,316,738 | |
| Term Loan, 5.90%, (3 mo. USD LIBOR + 4.00%), Maturing April 25, 2025 | 850 | 859,297 | |
| NFP Corp. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing January 8, 2024 | 1,619 | 1,614,960 | |
| Sedgwick Claims Management Services, Inc. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing December 31, 2025 | 569 | 570,531 | |
| USI, Inc. | |||
| Term Loan, 4.94%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024 | 1,617 | 1,618,406 | |
| Term Loan, 5.94%, (3 mo. USD LIBOR + 4.00%), Maturing December 2, 2026 | 650 | 653,250 | |
| $ 16,338,211 | |||
| Leisure Goods / Activities / Movies 6.8% | |||
| AMC Entertainment Holdings, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing April 22, 2026 | 844 | $ 850,796 | |
| Amer Sports Oyj | |||
| Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), Maturing March 30, 2026 | EUR | 1,600 | 1,794,336 |
16 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Leisure Goods / Activities / Movies (continued) | |||
| Ancestry.com Operations, Inc. | |||
| Term Loan, 6.05%, (1 mo. USD LIBOR + 4.25%), Maturing August 27, 2026 | 1,393 | $ 1,372,976 | |
| Bombardier Recreational Products, Inc. | |||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing May 23, 2025 | 2,067 | 2,076,201 | |
| ClubCorp Holdings, Inc. | |||
| Term Loan, 4.69%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024 | 855 | 812,190 | |
| Crown Finance US, Inc. | |||
| Term Loan, 2.38%, (1 mo. EURIBOR + 2.38%), Maturing February 28, 2025 | EUR | 126 | 142,480 |
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing February 28, 2025 | 797 | 796,770 | |
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing September 30, 2026 | 698 | 699,996 | |
| Delta 2 (LUX) S.a.r.l. | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2024 | 747 | 751,816 | |
| Emerald Expositions Holding, Inc. | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024 | 517 | 493,526 | |
| Etraveli Holding AB | |||
| Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing August 2, 2024 | EUR | 425 | 479,901 |
| Lindblad Expeditions, Inc. | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing March 27, 2025 | 173 | 174,889 | |
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing March 27, 2025 | 693 | 699,554 | |
| Match Group, Inc. | |||
| Term Loan, 4.44%, (3 mo. USD LIBOR + 2.50%), Maturing November 16, 2022 | 241 | 241,076 | |
| Motion Finco S.a.r.l. | |||
| Term Loan, 0.50%, Maturing November 4, | |||
| 2026 (2) | 32 | 32,344 | |
| Term Loan, 5.15%, (2 mo. USD LIBOR + 3.25%), Maturing November 13, 2026 | 243 | 246,094 | |
| Term Loan, Maturing November 13, 2026 (5) | EUR | 625 | 707,909 |
| NASCAR Holdings, Inc. | |||
| Term Loan, 4.49%, (1 mo. USD LIBOR + 2.75%), Maturing October 19, 2026 | 331 | 334,993 | |
| Playtika Holding Corp. | |||
| Term Loan, 7.80%, (1 mo. USD LIBOR + 6.00%), Maturing December 10, 2024 | 1,575 | 1,594,687 | |
| SeaWorld Parks & Entertainment, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing March 31, 2024 | 806 | 810,544 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Leisure Goods / Activities / Movies (continued) | |||
| SRAM, LLC | |||
| Term Loan, 4.59%, (USD LIBOR + 2.75%), Maturing March 15, 2024 (4) | 573 | $ 577,933 | |
| Steinway Musical Instruments, Inc. | |||
| Term Loan, 5.49%, (1 mo. USD LIBOR + 3.75%), Maturing February 14, 2025 | 418 | 417,040 | |
| Travel Leaders Group, LLC | |||
| Term Loan, 5.79%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024 | 443 | 445,743 | |
| UFC Holdings, LLC | |||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing April 29, 2026 | 1,025 | 1,033,268 | |
| Vue International Bidco PLC | |||
| Term Loan, 4.75%, (3 mo. EURIBOR + 4.75%), Maturing July 3, 2026 | EUR | 297 | 335,702 |
| Term Loan, Maturing July 3, 2026 (5) | EUR | 53 | 60,363 |
| $ 17,983,127 | |||
| Lodging and Casinos 4.8% | |||
| Aimbridge Acquisition Co., Inc. | |||
| Term Loan, 5.54%, (1 mo. USD LIBOR + 3.75%), Maturing February 2, 2026 | 124 | $ 125,305 | |
| Aristocrat Technologies, Inc. | |||
| Term Loan, 3.72%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024 | 469 | 471,926 | |
| Azelis Finance S.A. | |||
| Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), Maturing November 7, 2025 | EUR | 900 | 1,014,788 |
| Boyd Gaming Corporation | |||
| Term Loan, 3.85%, (1 week USD LIBOR + 2.25%), Maturing September 15, 2023 | 314 | 316,953 | |
| CityCenter Holdings, LLC | |||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing April 18, 2024 | 1,172 | 1,178,325 | |
| Eldorado Resorts, LLC | |||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing April 17, 2024 | 206 | 206,540 | |
| ESH Hospitality, Inc. | |||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing September 18, 2026 | 314 | 316,984 | |
| Golden Nugget, Inc. | |||
| Term Loan, 4.69%, (USD LIBOR + 2.75%), Maturing October 4, 2023 (4) | 2,268 | 2,278,691 | |
| GVC Holdings PLC | |||
| Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), Maturing March 29, 2024 | EUR | 825 | 932,343 |
17 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Lodging and Casinos (continued) | |||
| GVC Holdings PLC (continued) | |||
| Term Loan, 4.45%, (6 mo. USD LIBOR + 2.25%), Maturing March 29, 2024 | 516 | $ 519,251 | |
| Hanjin International Corp. | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing October 18, 2020 | 250 | 249,687 | |
| MGM Growth Properties Operating Partnership L.P. | |||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing March 21, 2025 | 652 | 656,331 | |
| Playa Resorts Holding B.V. | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing April 29, 2024 | 1,123 | 1,122,555 | |
| Stars Group Holdings B.V. (The) | |||
| Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 10, 2025 | EUR | 450 | 510,128 |
| Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025 | 1,654 | 1,670,479 | |
| VICI Properties 1, LLC | |||
| Term Loan, 3.79%, (1 mo. USD LIBOR + 2.00%), Maturing December 20, 2024 | 1,026 | 1,032,051 | |
| $ 12,602,337 | |||
| Nonferrous Metals / Minerals 0.6% | |||
| CD&R Hydra Buyer, Inc. | |||
| Term Loan, 7.50%, (0.00% cash, 7.50% PIK), Maturing August 15, 2021 (3)(7) | 77 | $ 61,602 | |
| Murray Energy Corporation | |||
| DIP Loan, 13.00%, (1 mo. USD LIBOR + 11.00%, Floor 2.00%), Maturing July 31, 2020 | 257 | 262,584 | |
| Term Loan, 0.00%, Maturing October 17, | |||
| 2022 (6) | 922 | 204,347 | |
| Noranda Aluminum Acquisition Corporation | |||
| Term Loan, 0.00%, Maturing February 28, | |||
| 2020 (6) | 449 | 26,968 | |
| Oxbow Carbon, LLC | |||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing January 4, 2023 | 644 | 645,636 | |
| Rain Carbon GmbH | |||
| Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing January 16, 2025 | EUR | 450 | 479,527 |
| $ 1,680,664 | |||
| Oil and Gas 4.5% | |||
| Ameriforge Group, Inc. | |||
| Term Loan, 8.94%, (3 mo. USD LIBOR + 7.00%), Maturing June 8, 2022 | 332 | $ 330,680 |
| Borrower/Tranche Description | Value | |
|---|---|---|
| Oil and Gas (continued) | ||
| Apergy Corporation | ||
| Term Loan, 4.42%, (1 mo. USD LIBOR + 2.50%), Maturing May 9, 2025 | 112 | $ 112,119 |
| Blackstone CQP Holdco L.P. | ||
| Term Loan, 5.41%, (3 mo. USD LIBOR + 3.50%), Maturing September 30, 2024 | 473 | 475,948 |
| Buckeye Partners L.P. | ||
| Term Loan, 4.44%, (1 mo. USD LIBOR + 2.75%), Maturing November 1, 2026 | 1,250 | 1,262,240 |
| Centurion Pipeline Company, LLC | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing September 29, 2025 | 124 | 123,905 |
| CITGO Holding, Inc. | ||
| Term Loan, 8.80%, (1 mo. USD LIBOR + 7.00%), Maturing August 1, 2023 | 125 | 127,337 |
| CITGO Petroleum Corporation | ||
| Term Loan, 6.44%, (3 mo. USD LIBOR + 4.50%), Maturing July 29, 2021 | 450 | 452,453 |
| Term Loan, 6.94%, (3 mo. USD LIBOR + 5.00%), Maturing March 28, 2024 | 1,439 | 1,448,120 |
| Delek US Holdings, Inc. | ||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing March 31, 2025 | 620 | 620,173 |
| Equitrans Midstream Corporation | ||
| Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing January 31, 2024 | 891 | 888,494 |
| Fieldwood Energy, LLC | ||
| Term Loan, 7.18%, (3 mo. USD LIBOR + 5.25%), Maturing April 11, 2022 | 1,338 | 1,125,455 |
| Matador Bidco S.a.r.l. | ||
| Term Loan, 6.55%, (1 mo. USD LIBOR + 4.75%), Maturing June 12, 2026 | 1,450 | 1,456,798 |
| McDermott Technology Americas, Inc. | ||
| Term Loan, 7.56%, (USD LIBOR + 10.00%), Maturing October 21, 2021 (2)(4) | 325 | 332,719 |
| Term Loan, 6.94%, (3 mo. USD LIBOR + 5.00%), Maturing May 9, 2025 | 987 | 580,964 |
| Prairie ECI Acquiror L.P. | ||
| Term Loan, 6.69%, (3 mo. USD LIBOR + 4.75%), Maturing March 11, 2026 | 1,121 | 1,115,294 |
| PSC Industrial Holdings Corp. | ||
| Term Loan, 5.49%, (1 mo. USD LIBOR + 3.75%), Maturing October 11, 2024 | 343 | 341,285 |
| Sheridan Investment Partners II L.P. | ||
| DIP Loan, 8.76%, (1 mo. USD LIBOR + 7.00%), Maturing March 19, 2020 | 39 | 38,885 |
| DIP Loan, 8.76%, (1 mo. USD LIBOR + 7.00%), Maturing March 19, 2020 | 39 | 38,885 |
18 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | |
|---|---|---|
| Oil and Gas (continued) | ||
| Sheridan Investment Partners II L.P. (continued) | ||
| Term Loan, 0.00%, Maturing December 16, | ||
| 2020 (6) | 15 | $ 4,371 |
| Term Loan, 0.00%, Maturing December 16, | ||
| 2020 (6) | 40 | 11,719 |
| Term Loan, 0.00%, Maturing December 16, | ||
| 2020 (6) | 286 | 84,245 |
| Sheridan Production Partners I, LLC | ||
| Term Loan, 0.00%, Maturing January 17, | ||
| 2020 (6) | 57 | 33,385 |
| Term Loan, 0.00%, Maturing January 17, | ||
| 2020 (6) | 93 | 54,658 |
| Term Loan, 0.00%, Maturing January 17, | ||
| 2020 (6) | 699 | 412,486 |
| UGI Energy Services, LLC | ||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing August 13, 2026 | 473 | 475,579 |
| $ 11,948,197 | ||
| Publishing 1.3% | ||
| Ascend Learning, LLC | ||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing July 12, 2024 | 538 | $ 541,433 |
| Getty Images, Inc. | ||
| Term Loan, 6.31%, (1 mo. USD LIBOR + 4.50%), Maturing February 19, 2026 | 792 | 795,465 |
| Harland Clarke Holdings Corp. | ||
| Term Loan, 6.69%, (3 mo. USD LIBOR + 4.75%), Maturing November 3, 2023 | 370 | 289,121 |
| LSC Communications, Inc. | ||
| Term Loan, 7.12%, (1 week USD LIBOR + 5.50%), Maturing September 30, 2022 | 385 | 247,919 |
| ProQuest, LLC | ||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing October 23, 2026 | 700 | 701,313 |
| Terrier Media Buyer, Inc. | ||
| Term Loan, 6.15%, (3 mo. USD LIBOR + 4.25%), Maturing December 17, 2026 | 825 | 834,281 |
| Tweddle Group, Inc. | ||
| Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing September 17, 2023 | 99 | 91,288 |
| $ 3,500,820 | ||
| Radio and Television 2.8% | ||
| Cumulus Media New Holdings, Inc. | ||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing March 31, 2026 | 249 | $ 252,388 |
| Diamond Sports Group, LLC | ||
| Term Loan, 5.03%, (1 mo. USD LIBOR + 3.25%), Maturing August 24, 2026 | 1,421 | 1,421,437 |
| Borrower/Tranche Description | Value | |
|---|---|---|
| Radio and Television (continued) | ||
| Entercom Media Corp. | ||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing November 18, 2024 | 439 | $ 443,793 |
| Entravision Communications Corporation | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024 | 382 | 372,071 |
| Gray Television, Inc. | ||
| Term Loan, 3.95%, (1 mo. USD LIBOR + 2.25%), Maturing February 7, 2024 | 116 | 116,361 |
| Term Loan, 4.20%, (1 mo. USD LIBOR + 2.50%), Maturing January 2, 2026 | 276 | 277,894 |
| Hubbard Radio, LLC | ||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing March 28, 2025 | 270 | 270,075 |
| iHeartCommunications, Inc. | ||
| Term Loan, 5.69%, (1 mo. USD LIBOR + 4.00%), Maturing May 1, 2026 | 821 | 830,375 |
| Mission Broadcasting, Inc. | ||
| Term Loan, 3.94%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024 | 157 | 157,711 |
| Nexstar Broadcasting, Inc. | ||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024 | 790 | 793,691 |
| Term Loan, 4.45%, (1 mo. USD LIBOR + 2.75%), Maturing September 18, 2026 | 250 | 251,667 |
| Sinclair Television Group, Inc. | ||
| Term Loan, 4.05%, (1 mo. USD LIBOR + 2.25%), Maturing January 3, 2024 | 257 | 257,296 |
| Term Loan, 4.24%, (1 mo. USD LIBOR + 2.50%), Maturing September 30, 2026 | 299 | 300,700 |
| Univision Communications, Inc. | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing March 15, 2024 | 1,698 | 1,679,155 |
| $ 7,424,614 | ||
| Retailers (Except Food and Drug) 2.8% | ||
| Apro, LLC | ||
| Term Loan, 2.00%, Maturing November 14, | ||
| 2026 (2) | 61 | $ 61,646 |
| Term Loan, 5.84%, (2 mo. USD LIBOR + 4.00%), Maturing November 14, 2026 | 214 | 215,760 |
| Ascena Retail Group, Inc. | ||
| Term Loan, 6.31%, (1 mo. USD LIBOR + 4.50%), Maturing August 21, 2022 | 1,047 | 718,070 |
| Bass Pro Group, LLC | ||
| Term Loan, 6.80%, (1 mo. USD LIBOR + 5.00%), Maturing September 25, 2024 | 611 | 609,563 |
19 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | |
|---|---|---|
| Retailers (Except Food and Drug) (continued) | ||
| BJs Wholesale Club, Inc. | ||
| Term Loan, 4.49%, (1 mo. USD LIBOR + 2.75%), Maturing February 3, 2024 | 378 | $ 380,637 |
| Coinamatic Canada, Inc. | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022 | 21 | 20,921 |
| Davids Bridal, Inc. | ||
| Term Loan, 4.10%, (3 mo. USD LIBOR + 2.00%), Maturing October 3, 2020 | 16 | 16,226 |
| Term Loan, 7.92%, (3 mo. USD LIBOR + 6.00%), Maturing June 30, 2023 | 156 | 151,811 |
| Global Appliance, Inc. | ||
| Term Loan, 5.80%, (1 mo. USD LIBOR + 4.00%), Maturing September 29, 2024 | 451 | 451,169 |
| Hoya Midco, LLC | ||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing June 30, 2024 | 975 | 973,179 |
| J. Crew Group, Inc. | ||
| Term Loan, 4.87%, (USD LIBOR + 3.00%), Maturing March 5, 2021 (3)(4) | 1,385 | 1,130,194 |
| LSF9 Atlantis Holdings, LLC | ||
| Term Loan, 7.74%, (1 mo. USD LIBOR + 6.00%), Maturing May 1, 2023 | 445 | 413,862 |
| PetSmart, Inc. | ||
| Term Loan, 5.74%, (1 mo. USD LIBOR + 4.00%), Maturing March 11, 2022 | 1,644 | 1,630,626 |
| PFS Holding Corporation | ||
| Term Loan, 5.41%, (3 mo. USD LIBOR + 3.50%), Maturing January 31, 2021 | 1,023 | 393,959 |
| Pier 1 Imports (U.S.), Inc. | ||
| Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing April 30, 2021 | 236 | 63,787 |
| Radio Systems Corporation | ||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2024 | 195 | 193,294 |
| $ 7,424,704 | ||
| Steel 1.0% | ||
| Atkore International, Inc. | ||
| Term Loan, 4.70%, (3 mo. USD LIBOR + 2.75%), Maturing December 22, 2023 | 625 | $ 628,960 |
| GrafTech Finance, Inc. | ||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2025 | 1,086 | 1,084,380 |
| Neenah Foundry Company | ||
| Term Loan, 8.35%, (2 mo. USD LIBOR + 6.50%), Maturing December 13, 2022 | 337 | 330,016 |
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Steel (continued) | |||
| Phoenix Services International, LLC | |||
| Term Loan, 5.49%, (1 mo. USD LIBOR + 3.75%), Maturing March 1, 2025 | 393 | $ 372,368 | |
| Zekelman Industries, Inc. | |||
| Term Loan, 4.04%, (1 mo. USD LIBOR + 2.25%), Maturing June 14, 2021 | 334 | 334,583 | |
| $ 2,750,307 | |||
| Surface Transport 0.9% | |||
| 1199169 B.C. Unlimited Liability Company | |||
| Term Loan, 5.94%, (3 mo. USD LIBOR + 4.00%), Maturing April 6, 2026 | 131 | $ 131,959 | |
| Agro Merchants NAI Holdings, LLC | |||
| Term Loan, 5.69%, (3 mo. USD LIBOR + 3.75%), Maturing December 6, 2024 | 172 | 169,881 | |
| Hertz Corporation (The) | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing June 30, 2023 | 471 | 474,048 | |
| Kenan Advantage Group, Inc. | |||
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022 | 53 | 53,176 | |
| Term Loan, 4.80%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022 | 176 | 174,866 | |
| PODS, LLC | |||
| Term Loan, 4.49%, (1 mo. USD LIBOR + 2.75%), Maturing December 6, 2024 | 269 | 270,536 | |
| Stena International S.a.r.l. | |||
| Term Loan, 4.94%, (3 mo. USD LIBOR + 3.00%), Maturing March 3, 2021 | 707 | 701,574 | |
| XPO Logistics, Inc. | |||
| Term Loan, 3.80%, (1 mo. USD LIBOR + 2.00%), Maturing February 24, 2025 | 275 | 276,490 | |
| $ 2,252,530 | |||
| Telecommunications 5.1% | |||
| CenturyLink, Inc. | |||
| Term Loan, 4.55%, (1 mo. USD LIBOR + 2.75%), Maturing January 31, 2025 | 2,426 | $ 2,438,302 | |
| Colorado Buyer, Inc. | |||
| Term Loan, 4.74%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024 | 391 | 347,338 | |
| Digicel International Finance Limited | |||
| Term Loan, 5.34%, (6 mo. USD LIBOR + 3.25%), Maturing May 28, 2024 | 855 | 768,716 | |
| eircom Holdings (Ireland) Limited | |||
| Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), Maturing May 15, 2026 | EUR | 791 | 894,577 |
20 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Borrower/Tranche Description | Value | ||
|---|---|---|---|
| Telecommunications (continued) | |||
| Gamma Infrastructure III B.V. | |||
| Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), Maturing January 9, 2025 | EUR | 750 | $ 838,383 |
| Global Eagle Entertainment, Inc. | |||
| Term Loan, 9.71%, (USD LIBOR + 7.50%), Maturing January 6, 2023 (4) | 1,235 | 1,120,452 | |
| Intelsat Jackson Holdings S.A. | |||
| Term Loan, 5.68%, (6 mo. USD LIBOR + 3.75%), Maturing November 27, 2023 | 1,150 | 1,153,737 | |
| Term Loan, 6.43%, (6 mo. USD LIBOR + 4.50%), Maturing January 2, 2024 | 850 | 859,297 | |
| IPC Corp. | |||
| Term Loan, 6.43%, (3 mo. USD LIBOR + 4.50%), Maturing August 6, 2021 | 557 | 470,554 | |
| Matterhorn Telecom S.A. | |||
| Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing September 30, 2026 | EUR | 225 | 254,690 |
| Onvoy, LLC | |||
| Term Loan, 6.30%, (1 mo. USD LIBOR + 4.50%), Maturing February 10, 2024 | 827 | 750,162 | |
| Plantronics, Inc. | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing July 2, 2025 | 585 | 572,957 | |
| Sprint Communications, Inc. | |||
| Term Loan, 4.31%, (1 mo. USD LIBOR + 2.50%), Maturing February 2, 2024 | 1,629 | 1,618,237 | |
| Term Loan, 4.81%, (1 mo. USD LIBOR + 3.00%), Maturing February 2, 2024 | 371 | 370,781 | |
| Syniverse Holdings, Inc. | |||
| Term Loan, 6.85%, (2 mo. USD LIBOR + 5.00%), Maturing March 9, 2023 | 467 | 434,797 | |
| Telesat Canada | |||
| Term Loan, 4.63%, (3 mo. USD LIBOR + 2.75%), Maturing December 7, 2026 | 625 | 629,688 | |
| $ 13,522,668 | |||
| Utilities 2.4% | |||
| Brookfield WEC Holdings, Inc. | |||
| Term Loan, 5.30%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2025 | 1,064 | $ 1,072,676 | |
| Calpine Construction Finance Company L.P. | |||
| Term Loan, 4.30%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2025 | 437 | 439,104 | |
| Calpine Corporation | |||
| Term Loan, 4.20%, (3 mo. USD LIBOR + 2.25%), Maturing January 15, 2024 | 1,480 | 1,490,427 | |
| Term Loan, 4.20%, (3 mo. USD LIBOR + 2.25%), Maturing April 5, 2026 | 423 | 425,896 |
| Borrower/Tranche Description | Principal Amount* (000s omitted) | Value |
|---|---|---|
| Utilities (continued) | ||
| Granite Acquisition, Inc. | ||
| Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021 | 1,165 | $ 1,171,598 |
| Lightstone Holdco, LLC | ||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024 | 38 | 35,076 |
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024 | 675 | 621,903 |
| Longview Power, LLC | ||
| Term Loan, 7.93%, (3 mo. USD LIBOR + 6.00%), Maturing April 13, 2021 | 1,313 | 718,115 |
| Talen Energy Supply, LLC | ||
| Term Loan, 5.55%, (1 mo. USD LIBOR + 3.75%), Maturing July 8, 2026 | 349 | 350,425 |
| USIC Holdings, Inc. | ||
| Term Loan, 5.05%, (1 mo. USD LIBOR + 3.25%), Maturing December 8, 2023 | 98 | 97,917 |
| $ 6,423,137 | ||
| Total Senior Floating-Rate Loans (identified cost | ||
| $357,556,880) | $ 348,020,703 | |
| Corporate Bonds & Notes 11.3% | ||
| Security | Principal Amount* (000s omitted) | Value |
| Aerospace and Defense 0.3% | ||
| TransDigm, Inc. | ||
| 6.50%, 7/15/24 | 447 | $ 461,945 |
| 6.25%, 3/15/26 (8) | 175 | 189,785 |
| 7.50%, 3/15/27 | 241 | 264,052 |
| $ 915,782 | ||
| Automotive 0.3% | ||
| Navistar International Corp., | ||
| 6.625%, 11/1/25 (8) | 260 | $ 265,417 |
| Panther BF Aggregator 2 L.P./Panther Finance Co., Inc. | ||
| 8.50%, | ||
| 5/15/27 (8) | 417 | 443,834 |
| $ 709,251 | ||
| Building and Development 0.2% | ||
| Builders FirstSource, Inc. | ||
| 5.625%, 9/1/24 (8) | 3 | $ 3,126 |
| Core & Main Holdings, L.P. | ||
| 8.625%, (8.625% cash or 9.375% PIK), | ||
| 9/15/24 (8)(9) | 29 | 30,244 |
21 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Security | Value | |
|---|---|---|
| Building and Development (continued) | ||
| Hillman Group, Inc. (The) | ||
| 6.375%, 7/15/22 (8) | 18 | $ 16,791 |
| Reliance Intermediate Holdings, L.P. | ||
| 6.50%, 4/1/23 (8) | 50 | 51,396 |
| Standard Industries, Inc. | ||
| 6.00%, 10/15/25 (8) | 30 | 31,612 |
| 5.00%, | ||
| 2/15/27 (8) | 417 | 435,691 |
| $ 568,860 | ||
| Business Equipment and Services 0.7% | ||
| Allied Universal Holdco, LLC/Allied Universal Finance Corp. | ||
| 6.625%, 7/15/26 (8) | 417 | $ 448,931 |
| EIG Investors Corp. | ||
| 10.875%, 2/1/24 | 417 | 417,173 |
| Prime Security Services Borrower, LLC/Prime Finance, Inc. | ||
| 5.25%, 4/15/24 (8) | 325 | 344,528 |
| 5.75%, 4/15/26 (8) | 325 | 353,845 |
| ServiceMaster Co., LLC (The) | ||
| 7.45%, 8/15/27 | 187 | 211,843 |
| $ 1,776,320 | ||
| Cable and Satellite Television 0.6% | ||
| Altice France S.A. | ||
| 8.125%, 2/1/27 (8) | 417 | $ 470,418 |
| Altice Luxembourg S.A. | ||
| 10.50%, 5/15/27 (8) | 207 | 236,373 |
| Cablevision Systems Corp. | ||
| 5.875%, 9/15/22 | 5 | 5,396 |
| CCO Holdings, LLC/CCO Holdings Capital Corp. | ||
| 5.25%, 9/30/22 | 13 | 13,169 |
| 5.75%, 1/15/24 | 2 | 2,041 |
| 5.375%, 5/1/25 (8) | 40 | 41,384 |
| 5.75%, 2/15/26 (8) | 20 | 21,137 |
| 5.50%, 5/1/26 (8) | 417 | 440,382 |
| CSC Holdings, LLC | ||
| 5.25%, 6/1/24 | 5 | 5,398 |
| DISH DBS Corp. | ||
| 6.75%, 6/1/21 | 5 | 5,266 |
| 5.875%, 7/15/22 | 427 | 453,380 |
| TEGNA, Inc. | ||
| 5.00%, | ||
| 9/15/29 (8) | 32 | 32,600 |
| $ 1,726,944 |
| Security | Value | |
|---|---|---|
| Chemicals and Plastics | ||
| 0.0% (10) | ||
| W.R. Grace & Co. | ||
| 5.125%, 10/1/21 (8) | 15 | $ 15,666 |
| 5.625%, | ||
| 10/1/24 (8) | 5 | 5,540 |
| $ 21,206 | ||
| Conglomerates 0.0% (10) | ||
| Spectrum Brands, Inc. | ||
| 5.75%, 7/15/25 | 30 | $ 31,388 |
| 5.00%, | ||
| 10/1/29 (8) | 13 | 13,459 |
| $ 44,847 | ||
| Consumer Products | ||
| 0.0% (10) | ||
| Central Garden & Pet Co. | ||
| 6.125%, 11/15/23 | 15 | $ 15,531 |
| $ 15,531 | ||
| Containers and Glass Products 1.2% | ||
| ARD Finance SA, | ||
| 6.50%, (6.50% cash or 7.25% | ||
| PIK), 6/30/27 (8)(9) | 292 | $ 302,453 |
| Berry Global, Inc. | ||
| 6.00%, 10/15/22 | 4 | 4,086 |
| Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC | ||
| 5.75%, 10/15/20 | 1,914 | 1,918,773 |
| 5.501%, (3 mo. USD LIBOR + 3.50%), | ||
| 7/15/21 (8)(11) | 450 | 451,575 |
| 7.00%, | ||
| 7/15/24 (8) | 417 | 431,856 |
| $ 3,108,743 | ||
| Distribution & Wholesale | ||
| 0.0% (10) | ||
| Performance Food Group, Inc. | ||
| 5.50%, | ||
| 10/15/27 (8) | 30 | $ 32,138 |
| $ 32,138 | ||
| Diversified Financial Services 0.1% | ||
| GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC | ||
| 7.125%, | ||
| 7/31/26 (8) | 200 | $ 210,867 |
| $ 210,867 | ||
| Drugs 0.9% | ||
| Bausch Health Americas, Inc. | ||
| 8.50%, 1/31/27 (8) | 90 | $ 102,659 |
| Bausch Health Companies, Inc. | ||
| 6.50%, 3/15/22 (8) | 404 | 413,595 |
22 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Security | Value | ||
|---|---|---|---|
| Drugs (continued) | |||
| Bausch Health Companies, Inc. (continued) | |||
| 7.00%, 3/15/24 (8) | 525 | $ 547,095 | |
| 5.50%, 11/1/25 (8) | 850 | 890,022 | |
| 7.00%, 1/15/28 (8) | 327 | 360,305 | |
| Jaguar Holding Co. II/Pharmaceutical Product Development, LLC | |||
| 6.375%, | |||
| 8/1/23 (8) | 30 | 31,040 | |
| $ 2,344,716 | |||
| Ecological Services and Equipment 0.2% | |||
| Covanta Holding Corp. | |||
| 5.875%, 3/1/24 | 10 | $ 10,317 | |
| GFL Environmental, Inc. | |||
| 8.50%, | |||
| 5/1/27 (8) | 417 | 459,471 | |
| $ 469,788 | |||
| Electronics / Electrical 0.2% | |||
| CommScope, Inc. | |||
| 6.00%, 3/1/26 (8) | 450 | $ 479,531 | |
| Infor (US), Inc. | |||
| 6.50%, 5/15/22 | 25 | 25,419 | |
| Sensata Technologies, Inc. | |||
| 4.375%, | |||
| 2/15/30 (8) | 21 | 21,461 | |
| $ 526,411 | |||
| Entertainment 0.2% | |||
| Merlin Entertainments PLC | |||
| 5.75%, | |||
| 6/15/26 (8) | 417 | $ 457,802 | |
| $ 457,802 | |||
| Financial Intermediaries 0.2% | |||
| Icahn Enterprises, L.P./Icahn Enterprises Finance Corp. | |||
| 6.25%, 2/1/22 | 10 | $ 10,208 | |
| 6.25%, 5/15/26 | 417 | 444,886 | |
| JPMorgan Chase & Co. | |||
| Series S, 6.75% to 2/1/24 (12)(13) | 35 | 39,549 | |
| Navient Corp. | |||
| 5.00%, 10/26/20 | 10 | 10,159 | |
| $ 504,802 | |||
| Food Products 0.2% | |||
| Iceland Bondco PLC | |||
| 5.035%, (3 mo. GBP LIBOR + 4.25%), | |||
| 7/15/20 (8)(11) | GBP | 93 | $ 123,829 |
| Security | Value | |
|---|---|---|
| Food Products (continued) | ||
| JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
| 5.50%, 1/15/30 (8) | 103 | $ 110,823 |
| Post Holdings, Inc. | ||
| 8.00%, 7/15/25 (8) | 5 | 5,370 |
| 5.625%, | ||
| 1/15/28 (8) | 417 | 450,089 |
| $ 690,111 | ||
| Food Service 0.0% (10) | ||
| Yum! Brands, Inc. | ||
| 4.75%, | ||
| 1/15/30 (8) | 62 | $ 65,060 |
| $ 65,060 | ||
| Food / Drug Retailers 0.1% | ||
| Fresh Market, Inc. (The) | ||
| 9.75%, | ||
| 5/1/23 (8) | 575 | $ 293,250 |
| $ 293,250 | ||
| Health Care 1.1% | ||
| Avantor, Inc. | ||
| 6.00%, 10/1/24 (8) | 675 | $ 721,113 |
| Centene Corp. | ||
| 4.75%, 5/15/22 | 10 | 10,218 |
| Eagle Holding Co. II, LLC | ||
| 7.75%, (7.75% cash or 8.50% | ||
| PIK), 5/15/22 (8)(9) | 417 | 424,156 |
| HCA Healthcare, Inc. | ||
| 6.25%, 2/15/21 | 40 | 41,790 |
| HCA, Inc. | ||
| 5.875%, 2/15/26 | 10 | 11,390 |
| 5.375%, 9/1/26 | 417 | 465,487 |
| Hologic, Inc. | ||
| 4.375%, 10/15/25 (8) | 10 | 10,346 |
| MPH Acquisition Holdings, LLC | ||
| 7.125%, 6/1/24 (8) | 250 | 242,497 |
| RegionalCare Hospital Partners Holdings, Inc. | ||
| 8.25%, 5/1/23 (8) | 850 | 899,406 |
| Tenet Healthcare Corp. | ||
| 8.125%, 4/1/22 | 20 | 22,160 |
| 6.75%, 6/15/23 | 5 | 5,504 |
| $ 2,854,067 | ||
| Insurance 0.2% | ||
| AssuredPartners, Inc. | ||
| 7.00%, | ||
| 8/15/25 (8) | 417 | $ 425,211 |
| $ 425,211 |
23 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Security | Value | |
|---|---|---|
| Internet Software & Services 0.1% | ||
| Netflix, Inc. | ||
| 5.50%, 2/15/22 | 20 | $ 21,225 |
| 5.875%, 2/15/25 | 20 | 22,342 |
| 5.375%, 11/15/29 (8) | 105 | 112,017 |
| Riverbed Technology, Inc. | ||
| 8.875%, | ||
| 3/1/23 (8) | 11 | 6,380 |
| $ 161,964 | ||
| Leisure Goods / Activities / Movies 0.2% | ||
| Mattel, Inc. | ||
| 6.75%, 12/31/25 (8) | 40 | $ 43,076 |
| Sabre GLBL, Inc. | ||
| 5.375%, 4/15/23 (8) | 10 | 10,266 |
| 5.25%, 11/15/23 (8) | 20 | 20,575 |
| Viking Cruises, Ltd. | ||
| 6.25%, 5/15/25 (8) | 20 | 20,883 |
| 5.875%, | ||
| 9/15/27 (8) | 417 | 446,440 |
| $ 541,240 | ||
| Lodging and Casinos 0.6% | ||
| Caesars Resort Collection, LLC/CRC Finco, Inc. | ||
| 5.25%, 10/15/25 (8) | 417 | $ 432,116 |
| ESH Hospitality, Inc. | ||
| 5.25%, 5/1/25 (8) | 15 | 15,537 |
| 4.625%, 10/1/27 (8) | 40 | 40,574 |
| Golden Nugget, Inc. | ||
| 8.75%, 10/1/25 (8) | 221 | 236,882 |
| MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc. | ||
| 5.625%, 5/1/24 | 5 | 5,460 |
| MGM Resorts International | ||
| 7.75%, 3/15/22 | 15 | 16,752 |
| RHP Hotel Properties, L.P./RHP Finance Corp. | ||
| 5.00%, 4/15/23 | 15 | 15,344 |
| Stars Group Holdings B.V./Stars Group US Co-Borrower, LLC | ||
| 7.00%, 7/15/26 (8) | 417 | 452,695 |
| Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. | ||
| 5.25%, 5/15/27 (8) | 417 | 443,584 |
| Wynn Resorts Finance, LLC/Wynn Resorts Capital Corp. | ||
| 5.125%, | ||
| 10/1/29 (8) | 38 | 40,874 |
| $ 1,699,818 |
| Security | Value | |
|---|---|---|
| Nonferrous Metals / Minerals | ||
| 0.0% (10) | ||
| New Gold, Inc. | ||
| 6.25%, | ||
| 11/15/22 (8) | 5 | $ 4,989 |
| $ 4,989 | ||
| Oil and Gas 1.3% | ||
| Antero Resources Corp. | ||
| 5.375%, 11/1/21 | 40 | $ 38,160 |
| 5.625%, 6/1/23 | 5 | 4,025 |
| Ascent Resources Utica Holdings, LLC/ARU Finance Corp. | ||
| 10.00%, 4/1/22 (8) | 417 | 415,801 |
| Centennial Resource Production, LLC | ||
| 6.875%, 4/1/27 (8) | 417 | 434,649 |
| CITGO Holding, Inc. | ||
| 9.25%, 8/1/24 (8) | 250 | 268,750 |
| CITGO Petroleum Corp. | ||
| 6.25%, 8/15/22 (8) | 325 | 330,279 |
| CVR Refining, LLC/Coffeyville Finance, Inc. | ||
| 6.50%, 11/1/22 | 60 | 60,900 |
| Energy Transfer Operating, L.P. | ||
| 5.875%, 1/15/24 | 15 | 16,606 |
| Hilcorp Energy I, L.P./Hilcorp Finance Co. | ||
| 6.25%, 11/1/28 (8) | 417 | 397,337 |
| Neptune Energy Bondco PLC | ||
| 6.625%, 5/15/25 (8) | 463 | 463,866 |
| Newfield Exploration Co. | ||
| 5.625%, 7/1/24 | 65 | 71,468 |
| Parsley Energy, LLC/Parsley Finance Corp. | ||
| 5.25%, 8/15/25 (8) | 5 | 5,152 |
| 5.625%, 10/15/27 (8) | 125 | 132,419 |
| PBF Logistics, L.P./PBF Logistics Finance Corp. | ||
| 6.875%, 5/15/23 | 3 | 3,097 |
| Precision Drilling Corp. | ||
| 6.50%, 12/15/21 | 445 | 445,402 |
| Seven Generations Energy, Ltd. | ||
| 6.75%, 5/1/23 (8) | 25 | 25,698 |
| 6.875%, 6/30/23 (8) | 15 | 15,475 |
| Tervita Escrow Corp. | ||
| 7.625%, 12/1/21 (8) | 425 | 428,613 |
| Williams Cos., Inc. (The) | ||
| 4.55%, 6/24/24 | 5 | 5,397 |
| $ 3,563,094 |
24 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Security | Value | |
|---|---|---|
| Radio and Television 0.5% | ||
| Diamond Sports Group, LLC/Diamond Sports Finance Co. | ||
| 6.625%, 8/15/27 (8) | 250 | $ 243,587 |
| iHeartCommunications, Inc. | ||
| 6.375%, 5/1/26 | 102 | 111,194 |
| 8.375%, 5/1/27 | 185 | 205,240 |
| Nielsen Co. Luxembourg S.a.r.l. (The) | ||
| 5.50%, 10/1/21 (8) | 15 | 15,090 |
| Sirius XM Radio, Inc. | ||
| 5.00%, 8/1/27 (8) | 417 | 440,706 |
| Terrier Media Buyer, Inc. | ||
| 8.875%, 12/15/27 (8) | 250 | 265,000 |
| Univision Communications, Inc. | ||
| 6.75%, | ||
| 9/15/22 (8) | 124 | 126,209 |
| $ 1,407,026 | ||
| Road & Rail | ||
| 0.0% (10) | ||
| Watco Cos., LLC/Watco Finance Corp. | ||
| 6.375%, | ||
| 4/1/23 (8) | 20 | $ 20,358 |
| $ 20,358 | ||
| Software and Services | ||
| 0.0% (10) | ||
| IHS Markit, Ltd. | ||
| 5.00%, | ||
| 11/1/22 (8) | 25 | $ 26,668 |
| $ 26,668 | ||
| Steel 0.2% | ||
| Allegheny Technologies, Inc. | ||
| 7.875%, 8/15/23 | 463 | $ 519,910 |
| $ 519,910 | ||
| Surface Transport 0.2% | ||
| DAE Funding, LLC | ||
| 5.00%, 8/1/24 (8) | 417 | $ 438,864 |
| XPO Logistics, Inc. | ||
| 6.50%, | ||
| 6/15/22 (8) | 22 | 22,457 |
| $ 461,321 | ||
| Telecommunications 1.0% | ||
| CenturyLink, Inc. | ||
| 6.75%, 12/1/23 | 15 | $ 16,775 |
| CommScope Technologies, LLC | ||
| 6.00%, 6/15/25 (8) | 12 | 12,044 |
| 5.00%, 3/15/27 (8) | 349 | 328,941 |
| Security | Principal Amount* (000s omitted) | Value |
|---|---|---|
| Telecommunications (continued) | ||
| Connect Finco S.a.r.l./Connect US Finco, LLC | ||
| 6.75%, 10/1/26 (8) | 200 | $ 213,250 |
| Digicel International Finance, Ltd./Digicel Holdings Bermuda, Ltd. | ||
| 8.75%, 5/25/24 (8) | 275 | 268,927 |
| Hughes Satellite Systems Corp. | ||
| 6.625%, 8/1/26 | 417 | 464,057 |
| Intelsat Jackson Holdings S.A. | ||
| 5.50%, 8/1/23 | 10 | 8,611 |
| 8.50%, 10/15/24 (8) | 213 | 194,451 |
| Level 3 Financing, Inc. | ||
| 5.375%, 1/15/24 | 10 | 10,192 |
| Sprint Communications, Inc. | ||
| 7.00%, 8/15/20 | 76 | 77,702 |
| 6.00%, 11/15/22 | 5 | 5,253 |
| Sprint Corp. | ||
| 7.25%, 9/15/21 | 110 | 116,525 |
| 7.875%, 9/15/23 | 644 | 711,887 |
| 7.625%, 2/15/25 | 154 | 169,377 |
| T-Mobile USA, Inc. | ||
| 6.375%, 3/1/25 | 15 | 15,531 |
| 6.50%, 1/15/26 | 45 | 48,333 |
| $ 2,661,856 | ||
| Utilities 0.5% | ||
| Calpine Corp. | ||
| 5.25%, 6/1/26 (8) | 917 | $ 956,956 |
| Vistra Energy Corp. | ||
| 8.125%, 1/30/26 (8) | 10 | 10,725 |
| Vistra Operations Co., LLC | ||
| 5.00%, | ||
| 7/31/27 (8) | 250 | 261,707 |
| $ 1,229,388 | ||
| Total Corporate Bonds & Notes (identified cost | ||
| $29,523,446) | $ 30,059,339 | |
| Asset-Backed Securities 6.6% | ||
| Security | Principal Amount (000s omitted) | Value |
| Allegany Park CLO, Ltd. | ||
| Series 2019-1A, Class E, (3 mo. USD LIBOR + 6.77%), 1/20/33 (8)(14) | $ 450 | $ 449,438 |
25 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Security | Principal Amount (000s omitted) | Value |
|---|---|---|
| Ares LII CLO, Ltd. | ||
| Series 2019-52A, Class E, 8.503%, (3 mo. USD LIBOR + 6.55%), 4/22/31 (8)(11) | $ 500 | $ 492,799 |
| Ares XXXIIR CLO, Ltd. | ||
| Series 2014-32RA, Class D, 7.76%, (3 mo. USD LIBOR + 5.85%), 5/15/30 (8)(11) | 1,000 | 957,592 |
| Bardot CLO, Ltd. | ||
| Series 2019-2A, Class E, 8.816%, (3 mo. USD LIBOR + 6.95%), 10/22/32 (8)(11) | 500 | 503,564 |
| Benefit Street Partners CLO XIX, Ltd. | ||
| Series 2019-19A, Class E, (3 mo. USD LIBOR + 7.02%), 1/15/33 (8)(14) | 750 | 738,959 |
| Benefit Street Partners CLO XVII, Ltd. | ||
| Series 2019-17A, Class E, 8.601%, (3 mo. USD LIBOR + 6.60%), 7/15/32 (8)(11) | 500 | 482,228 |
| Benefit Street Partners CLO XVIII, Ltd. | ||
| Series 2019-18A, Class E, 8.809%, (3 mo. USD LIBOR + 6.90%), 10/15/32 (8)(11) | 500 | 500,217 |
| BlueMountain CLO XXV, Ltd. | ||
| Series 2019-25A, Class E, 8.531%, (3 mo. USD LIBOR + 6.70%), 7/15/32 (8)(11) | 500 | 496,345 |
| BlueMountain CLO XXVI, Ltd. | ||
| Series 2019-26A, Class E, 9.526%, (3 mo. USD LIBOR + 7.70%), 10/20/32 (8)(11) | 1,000 | 1,008,487 |
| Canyon Capital CLO, Ltd. | ||
| Series 2019-2A, Class E, 9.238%, (3 mo. USD LIBOR + 7.15%), 10/15/32 (8)(11) | 400 | 400,071 |
| Carlyle Global Market Strategies CLO, Ltd. | ||
| Series 2012-3A, Class DR2, 8.486%, (3 mo. USD LIBOR + 6.50%), 1/14/32 (8)(11) | 600 | 541,567 |
| Series 2015-5A, Class DR, 8.666%, (3 mo. USD LIBOR + 6.70%), 1/20/32 (8)(11) | 500 | 466,647 |
| Cedar Funding X CLO, Ltd. | ||
| Series 2019-10A, Class E, 9.131%, (3 mo. USD LIBOR + 7.00%), 10/20/32 (8)(11) | 500 | 496,643 |
| Dryden 40 Senior Loan Fund | ||
| Series 2015-40A, Class ER, 7.66%, (3 mo. USD LIBOR + 5.75%), 8/15/31 (8)(11) | 500 | 474,927 |
| Fort Washington CLO, Ltd. | ||
| Series 2019-1A, Class E, 9.158%, (3 mo. USD LIBOR + 7.25%), 10/20/32 (8)(11) | 500 | 497,726 |
| Galaxy XV CLO, Ltd. | ||
| Series 2013-15A, Class ER, 8.646%, (3 mo. USD LIBOR + 6.65%), 10/15/30 (8)(11) | 500 | 472,496 |
| Galaxy XXI CLO, Ltd. | ||
| Series 2015-21A, Class ER, 7.216%, (3 mo. USD LIBOR + 5.25%), 4/20/31 (8)(11) | 500 | 465,568 |
| Golub Capital Partners CLO, Ltd. | ||
| Series 2015-23A, Class ER, 7.716%, (3 mo. USD LIBOR + 5.75%), 1/20/31 (8)(11) | 600 | 533,137 |
| Security | Principal Amount (000s omitted) | Value |
|---|---|---|
| Kayne CLO, Ltd. | ||
| Series 2019-5A, Class E, 8.881%, (3 mo. USD LIBOR + 6.70%), 7/24/32 (8)(11) | $ 500 | $ 480,653 |
| Madison Park Funding XXXVI, Ltd. | ||
| Series 2019-36A, Class E, 9.20%, (3 mo. USD LIBOR + 7.25%), 1/15/33 (8)(11) | 250 | 251,863 |
| Madison Park Funding XXXVII, Ltd. | ||
| Series 2019-37A, Class E, 8.381%, (3 mo. USD LIBOR + 6.55%), 7/15/32 (8)(11) | 500 | 501,977 |
| Neuberger Berman Loan Advisers CLO 31, Ltd. | ||
| Series 2019-31A, Class E, 8.716%, (3 mo. USD LIBOR + 6.75%), 4/20/31 (8)(11) | 500 | 498,054 |
| Neuberger Berman Loan Advisers CLO 33, Ltd. | ||
| Series 2019-33A, Class E, 8.94%, (3 mo. USD LIBOR + 6.80%), 10/16/32 (8)(11) | 500 | 492,557 |
| Palmer Square CLO, Ltd. | ||
| Series 2013-2A, Class DRR, 7.852%, (3 mo. USD LIBOR + 5.85%), 10/17/31 (8)(11) | 450 | 435,049 |
| Series 2015-2A, Class DR, 8.466%, (3 mo. USD LIBOR + 6.50%), 7/20/30 (8)(11) | 600 | 600,008 |
| Series 2019-1A, Class D, 8.935%, (3 mo. USD LIBOR + 7.00%), 11/14/32 (8)(11) | 500 | 502,739 |
| Regatta XII Funding, Ltd. | ||
| Series 2019-1A, Class E, 8.851%, (3 mo. USD LIBOR + 6.85%), 10/15/32 (8)(11) | 300 | 294,832 |
| Regatta XIV Funding, Ltd. | ||
| Series 2018-3A, Class E, 7.89%, (3 mo. USD LIBOR + 5.95%), 10/25/31 (8)(11) | 300 | 283,146 |
| Regatta XVI Funding, Ltd. | ||
| Series 2019-2A, Class E, 8.903%, (3 mo. USD LIBOR + 7.00%), 1/15/33 (8)(11) | 500 | 496,864 |
| Southwick Park CLO, LLC | ||
| Series 2019-4A, Class E, 8.866%, (3 mo. USD LIBOR + 6.70%), 7/20/32 (8)(11) | 1,000 | 974,118 |
| Vibrant CLO X, Ltd. | ||
| Series 2018-10A, Class D, 8.156%, (3 mo. USD LIBOR + 6.19%), 10/20/31 (8)(11) | 375 | 335,458 |
| Vibrant CLO XI, Ltd. | ||
| Series 2019-11A, Class D, 8.869%, (3 mo. USD LIBOR + 6.77%), 7/20/32 (8)(11) | 500 | 474,121 |
| Voya CLO, Ltd. | ||
| Series 2013-1A, Class DR, 8.481%, (3 mo. USD LIBOR | ||
| + 6.48%), 10/15/30 (8)(11) | 1,000 | 950,041 |
| Total Asset-Backed Securities (identified cost | ||
| $17,814,998) | $ 17,549,891 |
26 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Common Stocks 1.6% — Security | Shares | Value |
|---|---|---|
| Aerospace and Defense 0.1% | ||
| IAP Global Services, | ||
| LLC (3)(15)(16) | 29 | $ 371,526 |
| $ 371,526 | ||
| Automotive 0.1% | ||
| Dayco Products, | ||
| LLC (15)(16) | 10,159 | $ 213,339 |
| $ 213,339 | ||
| Business Equipment and Services | ||
| 0.0% (10) | ||
| Crossmark Holdings, | ||
| Inc. (15)(16) | 1,731 | $ 87,415 |
| $ 87,415 | ||
| Chemicals and Plastics 0.1% | ||
| Hexion Holdings Corp., Class B (15)(16) | 18,444 | $ 222,250 |
| $ 222,250 | ||
| Electronics / Electrical | ||
| 0.0% (10) | ||
| Answers | ||
| Corp. (3)(15) | 46,839 | $ 91,336 |
| $ 91,336 | ||
| Health Care 0.0% | ||
| New Millennium Holdco, | ||
| Inc .(3)(15)(16) | 35,156 | $ 0 |
| $ 0 | ||
| Oil and Gas 0.5% | ||
| AFG Holdings, Inc. (3)(15)(16) | 13,348 | $ 604,932 |
| Fieldwood Energy, Inc. (15)(16) | 9,594 | 201,474 |
| Nine Point Energy Holdings, Inc. (3)(16)(17) | 325 | 3 |
| Samson Resources II, LLC, Class A (15) | 22,051 | 463,071 |
| Southcross Holdings Group, LLC (3)(15)(16) | 30 | 0 |
| Southcross Holdings L.P., Class A (15)(16) | 30 | 2,190 |
| $ 1,271,670 | ||
| Publishing 0.4% | ||
| ION Media Networks, Inc. (3)(15) | 2,155 | $ 999,812 |
| Tweddle Group, | ||
| Inc. (3)(15)(16) | 889 | 125 |
| $ 999,937 | ||
| Radio and Television 0.3% | ||
| Clear Channel Outdoor Holdings, Inc. (15)(16) | 42,539 | $ 121,662 |
| Cumulus Media, Inc., Class A (15)(16) | 18,865 | 331,458 |
| iHeartMedia, Inc., Class A (15)(16) | 18,090 | 305,721 |
| $ 758,841 |
| Security | Shares | Value |
|---|---|---|
| Retailers (Except Food and Drug) 0.1% | ||
| Davids Bridal, | ||
| LLC (3)(15)(16) | 11,238 | $ 243,415 |
| $ 243,415 | ||
| Total Common Stocks (identified cost $3,565,753) | $ 4,259,729 | |
| Convertible Preferred Stocks | ||
| 0.0% (10) | ||
| Security | Shares | Value |
| Oil and Gas 0.0% (10) | ||
| Nine Point Energy Holdings, Inc., Series A, 12.00% (3)(16)(17) | 5 | $ 2,889 |
| Total Convertible Preferred Stocks (identified cost | ||
| $5,000) | $ 2,889 | |
| Preferred Stocks 0.0% (10) | ||
| Security | Shares | Value |
| Retailers (Except Food and Drug) | ||
| 0.0% (10) | ||
| Davids Bridal, LLC, Series A (3)(15)(16) | 313 | $ 25,040 |
| Davids Bridal, LLC, Series B (3)(15)(16) | 1,274 | 103,143 |
| Total Preferred Stocks (identified cost $103,143) | $ 128,183 | |
| Closed-End Funds 1.9% | ||
| Security | Shares | Value |
| BlackRock Floating Rate Income Strategies Fund, Inc. | 49,400 | $ 663,936 |
| Invesco Senior Income Trust | 178,510 | 765,808 |
| Nuveen Credit Strategies Income Fund | 180,539 | 1,384,734 |
| Nuveen Floating Rate Income Fund | 73,198 | 749,548 |
| Nuveen Floating Rate Income Opportunity Fund | 51,054 | 510,029 |
| Voya Prime Rate Trust | 196,084 | 982,381 |
| Total Closed-End Funds (identified cost $5,726,072) | $ 5,056,436 |
27 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Warrants 0.0% — Security | Shares | Value | |
|---|---|---|---|
| Retailers (Except Food and Drug) 0.0% | |||
| Davids Bridal, LLC, Exp. 11/26/22 (3)(15)(16) | 2,169 | $ 0 | |
| Total Warrants (identified cost $0) | $ 0 | ||
| Miscellaneous 0.0% (10) | |||
| Security | Shares | Value | |
| Cable and Satellite Television 0.0% | |||
| ACC Claims Holdings, | |||
| LLC (3)(16) | 200,340 | $ 0 | |
| $ 0 | |||
| Oil and Gas 0.0% (10) | |||
| Paragon Offshore Finance | |||
| Company, Class A (15)(16) | 764 | $ 229 | |
| Paragon Offshore Finance Company, Class B (15)(16) | 382 | 7,640 | |
| $ 7,869 | |||
| Total Miscellaneous (identified cost $8,309) | $ 7,869 | ||
| Short-Term Investments 2.1% | |||
| Description | Units | Value | |
| Eaton Vance Cash Reserves Fund, LLC, 1.78% (18) | 5,500,458 | $ 5,500,458 | |
| Total Short-Term Investments (identified cost | |||
| $5,500,456) | $ 5,500,458 | ||
| Total Investments 154.7% (identified cost | |||
| $419,804,057) | $ 410,585,497 | ||
| Less Unfunded Loan Commitments (0.1)% | $ (362,839 | ) | |
| Net Investments 154.6% (identified cost | |||
| $419,441,218) | $ 410,222,658 | ||
| Other Assets, Less Liabilities (40.4)% | $ (107,269,709 | ) | |
| Auction Preferred Shares Plus Cumulative Unpaid Dividends | |||
| (14.2)% | $ (37,608,279 | ) | |
| Net Assets Applicable to Common Shares 100.0% | $ 265,344,670 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.
(1) Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the London Interbank Offered Rate (LIBOR) and secondarily, the prime rate offered by one or more major United States banks (the Prime Rate). Base lending rates may be subject to a floor, or minimum rate.
(2) Unfunded or partially unfunded loan commitments. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. At December 31, 2019, the total value of unfunded loan commitments is $363,470. See Note 1F for description.
(3) For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 13).
(4) The stated interest rate represents the weighted average interest rate at December 31, 2019 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period.
(5) This Senior Loan will settle after December 31, 2019, at which time the interest rate will be determined.
(6) Issuer is in default with respect to interest and/or principal payments. For a variable rate security, interest rate has been adjusted to reflect non-accrual status.
(7) Fixed-rate loan.
(8) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At December 31, 2019, the aggregate value of these securities is $39,495,937 or 14.9% of the Trusts net assets applicable to common shares.
(9) Represents a payment-in-kind security which may pay interest in additional principal at the issuers discretion.
(10) Amount is less than 0.05%.
(11) Variable rate security. The stated interest rate represents the rate in effect at December 31, 2019.
(12) Security converts to variable rate after the indicated fixed-rate coupon period.
(13) Perpetual security with no stated maturity date but may be subject to calls by the issuer.
(14) When-issued, variable rate security whose interest rate will be determined after December 31, 2019.
(15) Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.
(16) Non-income producing security.
(17) Restricted security (see Note 7).
(18) 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 December 31, 2019.
28 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Portfolio of Investments (Unaudited) continued
| Forward Foreign Currency Exchange Contracts — Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized (Depreciation) | |||
|---|---|---|---|---|---|---|---|---|
| USD | 7,249,609 | EUR | 6,483,082 | Goldman Sachs International | 1/31/20 | $ | $ (35,112 | ) |
| USD | 733,474 | GBP | 568,368 | State Street Bank and Trust Company | 1/31/20 | | (19,992 | ) |
| USD | 7,425,430 | EUR | 6,694,280 | State Street Bank and Trust Company | 2/28/20 | | (109,774 | ) |
| USD | 8,754,289 | EUR | 7,844,521 | HSBC Bank USA, N.A. | 3/31/20 | | (93,512 | ) |
| $ | $ (258,390 | ) |
Abbreviations:
| DIP | | Debtor In Possession |
|---|---|---|
| EURIBOR | | Euro Interbank Offered Rate |
| LIBOR | | London Interbank Offered Rate |
| PIK | | Payment In Kind |
Currency Abbreviations:
| EUR | | Euro |
|---|---|---|
| GBP | | British Pound Sterling |
| USD | | United States Dollar |
29 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Statement of Assets and Liabilities (Unaudited)
| Assets | December 31, 2019 | |
|---|---|---|
| Unaffiliated investments, at value (identified cost, $413,940,762) | $ 404,722,200 | |
| Affiliated investment, at value (identified cost, $5,500,456) | 5,500,458 | |
| Cash | 4,239,138 | |
| Deposits for derivatives collateral forward foreign currency exchange contracts | 150,000 | |
| Foreign currency, at value (identified cost, $238,927) | 239,649 | |
| Interest and dividends receivable | 1,739,673 | |
| Dividends receivable from affiliated investment | 6,411 | |
| Receivable for investments sold | 514,617 | |
| Prepaid upfront fees on notes payable | 23,520 | |
| Prepaid expenses | 38,018 | |
| Total assets | $ 417,173,684 | |
| Liabilities | ||
| Notes payable | $ 108,000,000 | |
| Payable for investments purchased | 2,532,979 | |
| Payable for when-issued securities | 1,182,081 | |
| Payable for open forward foreign currency exchange contracts | 258,390 | |
| Distributions payable | 1,438,931 | |
| Payable to affiliates: | ||
| Investment adviser fee | 258,595 | |
| Administration fee | 86,198 | |
| Trustees fees | 5,133 | |
| Accrued expenses | 458,428 | |
| Total liabilities | $ 114,220,735 | |
| Auction preferred shares (1,504 shares outstanding) at liquidation value plus cumulative unpaid | ||
| dividends | $ 37,608,279 | |
| Net assets applicable to common shares | $ 265,344,670 | |
| Sources of Net Assets | ||
| Common shares, $0.01 par value, unlimited number of shares authorized, 37,866,607 shares issued and outstanding | $ 378,666 | |
| Additional paid-in capital | 277,568,442 | |
| Accumulated loss | (12,602,438 | ) |
| Net assets applicable to common shares | $ 265,344,670 | |
| Net Asset Value Per Common Share | ||
| ($265,344,670 ÷ 37,866,607 common shares issued and outstanding) | $ 7.01 |
30 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Statement of Operations (Unaudited)
| Investment Income | Six Months Ended December 31, 2019 | |
|---|---|---|
| Interest and other income | $ 11,462,320 | |
| Dividends | 1,033,088 | |
| Dividends from affiliated investment | 73,372 | |
| Total investment income | $ 12,568,780 | |
| Expenses | ||
| Investment adviser fee | $ 1,550,492 | |
| Administration fee | 516,831 | |
| Trustees fees and expenses | 9,641 | |
| Custodian fee | 72,482 | |
| Transfer and dividend disbursing agent fees | 9,214 | |
| Legal and accounting services | 28,066 | |
| Printing and postage | 17,540 | |
| Interest expense and fees | 1,750,723 | |
| Preferred shares service fee | 16,304 | |
| Miscellaneous | 24,987 | |
| Total expenses | $ 3,996,280 | |
| Net investment income | $ 8,572,500 | |
| Realized and Unrealized Gain (Loss) | ||
| Net realized gain (loss) | ||
| Investment transactions | $ (2,560,511 | ) |
| Investment transactions affiliated investment | (879 | ) |
| Foreign currency transactions | 72,989 | |
| Forward foreign currency exchange contracts | 730,851 | |
| Net realized loss | $ (1,757,550 | ) |
| Change in unrealized appreciation (depreciation) | ||
| Investments | $ 1,805,931 | |
| Investments affiliated investment | 2 | |
| Foreign currency | (1,079 | ) |
| Forward foreign currency exchange contracts | (80,435 | ) |
| Net change in unrealized appreciation (depreciation) | $ 1,724,419 | |
| Net realized and unrealized gain | $ 33,131 | |
| Distributions to preferred shareholders | $ (464,543 | ) |
| Net increase in net assets from operations | $ 8,074,826 |
31 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Statements of Changes in Net Assets
| Increase (Decrease) in Net Assets | Six Months Ended December 31, 2019 (Unaudited) | Year Ended June 30, 2019 | ||
|---|---|---|---|---|
| From operations | ||||
| Net investment income | $ 8,572,500 | $ 15,520,463 | ||
| Net realized gain (loss) | (1,757,550 | ) | 2,658,192 | |
| Net change in unrealized appreciation (depreciation) | 1,724,419 | (9,320,374 | ) | |
| Distributions to preferred shareholders | (464,543 | ) | (1,175,940 | ) |
| Discount on redemption and repurchase of auction preferred shares | | 1,920,000 | ||
| Net increase in net assets from operations | $ 8,074,826 | $ 9,602,341 | ||
| Distributions to common shareholders | $ (9,655,985 | ) | $ (14,692,244 | ) |
| Net decrease in net assets | $ (1,581,159 | ) | $ (5,089,903 | ) |
| Net Assets Applicable to Common Shares | ||||
| At beginning of period | $ 266,925,829 | $ 272,015,732 | ||
| At end of period | $ 265,344,670 | $ 266,925,829 |
32 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Statement of Cash Flows (Unaudited)
| Cash Flows From Operating Activities | Six Months Ended December 31, 2019 | |
|---|---|---|
| Net increase in net assets from operations | $ 8,074,826 | |
| Distributions to preferred shareholders | 464,543 | |
| Net increase in net assets from operations excluding distributions to preferred shareholders | $ 8,539,369 | |
| Adjustments to reconcile net increase in net assets from operations to net cash provided by operating activities: | ||
| Investments purchased | (67,055,484 | ) |
| Investments sold and principal repayments | 63,499,045 | |
| Increase in short-term investments, net | (2,306,899 | ) |
| Net amortization/accretion of premium (discount) | (68,627 | ) |
| Amortization of prepaid upfront fees on notes payable | 63,296 | |
| Increase in interest and dividends receivable | (124,709 | ) |
| Decrease in dividends receivable from affiliated investment | 2,275 | |
| Decrease in receivable for open forward foreign currency exchange contracts | 15,415 | |
| Increase in prepaid expenses | (4,605 | ) |
| Increase in payable for open forward foreign currency exchange contracts | 65,020 | |
| Increase in payable to affiliate for investment adviser fee | 3,462 | |
| Increase in payable to affiliate for administration fee | 1,154 | |
| Decrease in payable to affiliate for Trustees fees | (622 | ) |
| Decrease in accrued expenses | (73,575 | ) |
| Increase in unfunded loan commitments | 218,055 | |
| Net change in unrealized (appreciation) depreciation from investments | (1,805,933 | ) |
| Net realized loss from investments | 2,561,390 | |
| Net cash provided by operating activities | $ 3,528,027 | |
| Cash Flows From Financing Activities | ||
| Cash distributions paid to common shareholders | $ (8,217,054 | ) |
| Cash distributions paid to preferred shareholders | (465,473 | ) |
| Proceeds from notes payable | 12,000,000 | |
| Repayments of notes payable | (7,000,000 | ) |
| Net cash used in financing activities | $ (3,682,527 | ) |
| Net decrease in cash and restricted cash* | $ (154,500 | ) |
| Cash and restricted cash at beginning of period (including foreign currency) | $ 4,783,287 | |
| Cash and restricted cash at end of period (including foreign currency) | $ 4,628,787 | |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest and fees on borrowings | $ 1,748,621 |
33 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Statement of Cash Flows (Unaudited) continued
The following table provides a reconciliation of cash and restricted cash reported within the Statement of Assets and Liabilities that sum to the total of such amounts shown on the Statement of Cash Flows.
| December 31, 2019 | |
|---|---|
| Cash | $ 4,239,138 |
| Deposits for derivatives collateral forward foreign currency exchange contracts | 150,000 |
| Foreign currency | 239,649 |
| Total cash and restricted cash as shown in the Statement of Cash Flows | $ 4,628,787 |
34 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Financial Highlights
Selected data for a common share outstanding during the periods stated
| Six Months Ended December 31, 2019 (Unaudited) | Year Ended June 30, | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||
| Net asset value Beginning of period (Common shares) | $ 7.050 | $ 7.180 | $ 7.150 | $ 6.650 | $ 7.020 | $ 7.340 | ||||||
| Income (Loss) From Operations | ||||||||||||
| Net investment income (1) | $ 0.226 | $ 0.410 | $ 0.385 | $ 0.404 | $ 0.422 | $ 0.401 | ||||||
| Net realized and unrealized gain (loss) | 0.001 | (0.172 | ) | 0.038 | 0.436 | (0.371 | ) | (0.316 | ) | |||
| Distributions to preferred shareholders | ||||||||||||
| From net investment income (1) | (0.012 | ) | (0.031 | ) | (0.028 | ) | (0.014 | ) | (0.009 | ) | (0.003 | ) |
| Discount on redemption and repurchase of auction preferred shares (1) | | 0.051 | | 0.064 | | | ||||||
| Total income from operations | $ 0.215 | $ 0.258 | $ 0.395 | $ 0.890 | $ 0.042 | $ 0.082 | ||||||
| Less Distributions to Common Shareholders | ||||||||||||
| From net investment income | $ (0.255 | ) | $ (0.388 | ) | $ (0.365 | ) | $ (0.390 | ) | $ (0.412 | ) | $ (0.402 | ) |
| Total distributions to common shareholders | $ (0.255 | ) | $ (0.388 | ) | $ (0.365 | ) | $ (0.390 | ) | $ (0.412 | ) | $ (0.402 | ) |
| Net asset value End of period (Common shares) | $ 7.010 | $ 7.050 | $ 7.180 | $ 7.150 | $ 6.650 | $ 7.020 | ||||||
| Market value End of period (Common shares) | $ 6.410 | $ 6.230 | $ 6.380 | $ 6.650 | $ 6.010 | $ 6.210 | ||||||
| Total Investment Return on Net Asset Value (2) | 3.52 | % (3) | 4.46 | % (4) | 6.12 | % | 14.02 | % (5) | 1.57 | % | 1.71 | % |
| Total Investment Return on Market Value (2) | 7.12 | % (3) | 3.88 | % | 1.39 | % | 17.34 | % | 3.77 | % | (3.02 | )% |
35 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Financial Highlights continued
Selected data for a common share outstanding during the periods stated
| Ratios/Supplemental Data | Six Months Ended December 31, 2019 (Unaudited) | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|
| Net assets applicable to common shares, end of period (000s omitted) | $ 265,345 | $ | 266,926 | $ 272,016 | $ 270,810 | $ 251,789 | $ 266,009 |
| Ratios (as a percentage of average daily net assets applicable to common shares): (6) | |||||||
| Expenses excluding interest and fees (7) | 1.69 | % (8) | 1.73 % | 1.82 % | 1.87 % | 1.96 % | 1.99 % |
| Interest and fee expense (9) | 1.32 | % (8) | 1.40 % | 0.83 % | 0.52 % | 0.28 % | 0.28 % |
| Total expenses (7) | 3.01 | % (8) | 3.13 % | 2.65 % | 2.39 % | 2.24 % | 2.27 % |
| Net investment income | 6.45 | % (8) | 5.74 % | 5.36 % | 5.75 % | 6.38 % | 5.61 % |
| Portfolio Turnover | 13 | % (3) | 26 % | 34 % | 42 % | 31 % | 33 % |
| Senior Securities: | |||||||
| Total notes payable outstanding (in 000s) | $ 108,000 | $ | 103,000 | $ 93,000 | $ 92,000 | $ 25,000 | $ 60,000 |
| Asset coverage per $1,000 of notes payable (10) | $ 3,805 | $ | 3,957 | $ 4,587 | $ 4,613 | $ 15,472 | $ 7,267 |
| Total preferred shares outstanding | 1,504 | 1,504 | 2,464 | 2,464 | 4,400 | 4,400 | |
| Asset coverage per preferred share (11) | $ 70,562 | $ | 72,464 | $ 68,989 | $ 69,078 | $ 71,629 | $ 64,119 |
| Involuntary liquidation preference per preferred | |||||||
| share (12) | $ 25,000 | $ | 25,000 | $ 25,000 | $ 25,000 | $ 25,000 | $ 25,000 |
| Approximate market value per preferred share (12) | $ 25,000 | $ | 25,000 | $ 25,000 | $ 25,000 | $ 25,000 | $ 25,000 |
(1) Computed using average common shares outstanding.
(2) Returns are historical and are calculated by determining the percentage change in net asset value or market value with all distributions reinvested. Distributions are assumed to be reinvested at prices obtained under the Trusts dividend reinvestment plan.
(3) Not annualized.
(4) The total return based on net asset value reflects the impact of the tender and repurchase by the Trust of a portion of its Auction Preferred Shares at 92% of the per share liquidation preference. Absent this transaction, the total return based on net asset value would have been 3.71%.
(5) The total return based on net asset value reflects the impact of the tender and repurchase by the Trust of a portion of its Auction Preferred Shares at 95% of the per share liquidation preference. Absent this transaction, the total return based on net asset value would have been 13.00%.
(6) Ratios do not reflect the effect of dividend payments to preferred shareholders.
(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 the notes payable to partially redeem the Trusts Auction Preferred Shares (see Note 2) and/or to fund investments (see Note 9).
(10) Calculated by subtracting the Trusts total liabilities (not including the notes payable and preferred shares) from the Trusts total assets, and dividing the result by the notes payable balance in thousands.
(11) Calculated by subtracting the Trusts total liabilities (not including the notes payable and preferred shares) from the Trusts 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 282%, 290%, 276%, 276%, 287% and 256% at December 31, 2019 and June 30, 2019, 2018, 2017, 2016 and 2015, respectively.
(12) Plus accumulated and unpaid dividends.
Ratios based on net assets applicable to common shares plus preferred shares and borrowings are presented below. Ratios do not reflect the effect of dividend payments to preferred shareholders and exclude the effect of custody fee credits, if any. Ratios for periods less than one year are annualized.
| 2019 | 2018 | 2017 | 2016 | 2015 | ||
|---|---|---|---|---|---|---|
| Expenses excluding interest and fees | 1.09 % | 1.12 % | 1.17 % | 1.21 % | 1.21 % | 1.21 % |
| Interest and fee expense | 0.85 % | 0.91 % | 0.54 % | 0.34 % | 0.17 % | 0.17 % |
| Total expenses | 1.94 % | 2.03 % | 1.71 % | 1.55 % | 1.38 % | 1.38 % |
| Net investment income | 4.16 % | 3.73 % | 3.46 % | 3.72 % | 3.93 % | 3.42 % |
36 See Notes to Financial Statements.
Eaton Vance
Senior Income Trust
December 31, 2019
Notes to Financial Statements (Unaudited)
1 Significant Accounting Policies
Eaton Vance Senior Income Trust (the Trust) is a Massachusetts business trust registered under the Investment Company Act of 1940, as amended (the 1940 Act), as a diversified, closed-end management investment company. The Trusts investment objective is to provide a high level of current income, consistent with the preservation of capital, by investing primarily in senior, secured floating-rate loans.
The following is a summary of significant accounting policies of the Trust. The policies are in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Trust is an investment company and follows accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946.
A Investment Valuation The following methodologies are used to determine the market value or fair value of investments.
Senior Floating-Rate Loans. Interests in senior floating-rate loans (Senior Loans) for which reliable market quotations are readily available are valued generally at the average mean of bid and ask quotations obtained from a third party pricing service. Other Senior Loans are valued at fair value by the investment adviser under procedures approved by the Trustees. In fair valuing a Senior Loan, the investment adviser utilizes one or more of the valuation techniques described in (i) through (iii) below to assess the likelihood that the borrower will make a full repayment of the loan underlying such Senior Loan relative to yields on other Senior Loans issued by companies of comparable credit quality. If the investment adviser believes that there is a reasonable likelihood of full repayment, the investment adviser will determine fair value using a matrix pricing approach that considers the yield on the Senior Loan. If the investment adviser believes there is not a reasonable likelihood of full repayment, the investment adviser will determine fair value using analyses that include, but are not limited to: (i) a comparison of the value of the borrowers 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 borrowers assets are likely to be sold. In conducting its assessment and analyses for purposes of determining fair value of a Senior Loan, the investment adviser will use its discretion and judgment in considering and appraising relevant factors. Fair value determinations are made by the portfolio managers of the Trust based on information available to such managers. The portfolio managers of other funds managed by the investment adviser that invest in Senior Loans may not possess the same information about a Senior Loan borrower as the portfolio managers of the Trust. At times, the fair value of a Senior Loan determined by the portfolio managers of other funds managed by the investment adviser that invest in Senior Loans may vary from the fair value of the same Senior Loan determined by the portfolio managers of the Trust. The fair value of each Senior Loan is periodically reviewed and approved by the investment advisers Valuation Committee and by the Trustees based upon procedures approved by the Trustees. Junior Loans (i.e., subordinated loans and second lien loans) are valued in the same manner as Senior Loans.
Debt Obligations. Debt obligations are generally valued on the basis of valuations provided by third party pricing services, as derived from such services pricing models. Inputs to the models may include, but are not limited to, reported trades, executable bid and ask prices, broker/dealer quotations, prices or yields of securities with similar characteristics, interest rates, anticipated prepayments, benchmark curves or information pertaining to the issuer, as well as industry and economic events. The pricing services may use a matrix approach, which considers information regarding securities with similar characteristics to determine the valuation for a security. Short-term debt obligations purchased with a remaining maturity of sixty days or less for which a valuation from a third party pricing service is not readily available may be valued at amortized cost, which approximates fair value.
Equity Securities. Equity securities listed on a U.S. securities exchange generally are valued at the last sale or closing price on the day of valuation or, if no sales took place on such date, at the mean between the closing bid and ask prices on the exchange where such securities are principally traded. Equity securities listed on the NASDAQ Global or Global Select Market generally are valued at the NASDAQ official closing price. Unlisted or listed securities for which closing sales prices or closing quotations are not available are valued at the mean between the latest available bid and ask prices or, in the case of preferred equity securities that are not listed or traded in the over-the-counter market, by a third party pricing service that uses various techniques that consider factors including, but not limited to, prices or yields of securities with similar characteristics, benchmark yields, broker/dealer quotes, quotes of underlying common stock, issuer spreads, as well as industry and economic events.
Derivatives. Forward foreign currency exchange contracts are generally valued at the mean of the average bid and average ask prices that are reported by currency dealers to a third party pricing service at the valuation time. Such third party pricing service valuations are supplied for specific settlement periods and the Trusts forward foreign currency exchange contracts are valued at an interpolated rate between the closest preceding and subsequent settlement period reported by the third party pricing service.
Foreign Securities and Currencies. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rate quotations supplied by a third party pricing service. The pricing service uses a proprietary model to determine the exchange rate. Inputs to the model include reported trades and implied bid/ask spreads.
Affiliated Fund. The Trust may invest in Eaton Vance Cash Reserves Fund, LLC (Cash Reserves Fund), an affiliated investment company managed by Eaton Vance Management (EVM). While Cash Reserves Fund is not a registered money market mutual fund, it conducts all of its investment activities in accordance with the requirements of Rule 2a-7 under the 1940 Act. Investments in Cash Reserves Fund are valued at the closing net asset value per unit on the valuation day. Cash Reserves Fund generally values its investment securities based on available market quotations provided by a third party pricing service.
Fair Valuation. Investments for which valuations or market quotations are not readily available or are deemed unreliable are valued at fair value using methods determined in good faith by or at the direction of the Trustees of the Trust in a manner that most fairly reflects the securitys fair value, which is the amount that the Trust might reasonably expect to receive for the security upon its current sale in the ordinary course. Each such determination is based
37
Eaton Vance
Senior Income Trust
December 31, 2019
Notes to Financial Statements (Unaudited) continued
on a consideration of relevant factors, which are likely to vary from one pricing context to another. These factors may include, but are not limited to, the type of security, the existence of any contractual restrictions on the securitys 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 companys or entitys financial statements, and an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold.
B Investment Transactions Investment transactions for financial statement purposes are accounted for on a trade date basis. Realized gains and losses on investments sold are determined on the basis of identified cost.
C Income Interest income is recorded on the basis of interest accrued, adjusted for amortization of premium or accretion of discount. Fees associated with loan amendments are recognized immediately. Dividend income is recorded on the ex-dividend date for dividends received in cash and/or securities. Distributions from investment companies are recorded as dividend income, capital gains or return of capital based on the nature of the distribution.
D Federal Taxes The Trusts policy is to comply with the provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute to shareholders each year substantially all of its net investment income, and all or substantially all of its net realized capital gains. Accordingly, no provision for federal income or excise tax is necessary.
As of December 31, 2019, the Trust had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure. The Trust files a U.S. federal income tax return annually after its fiscal year-end, which is subject to examination by the Internal Revenue Service for a period of three years from the date of filing.
E Foreign Currency Translation Investment valuations, other assets, and liabilities initially expressed in foreign currencies are translated each business day into U.S. dollars based upon current exchange rates. Purchases and sales of foreign investment securities and income and expenses denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates in effect on the respective dates of such transactions. Recognized gains or losses on investment transactions attributable to changes in foreign currency exchange rates are recorded for financial statement purposes as net realized gains and losses on investments. That portion of unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed.
F Unfunded Loan Commitments The Trust may enter into certain loan agreements all or a portion of which may be unfunded. The Trust is obligated to fund these commitments at the borrowers discretion. These commitments are disclosed in the accompanying Portfolio of Investments. At December 31, 2019, the Trust had sufficient cash and/or securities to cover these commitments.
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 Trusts organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the Trust. Under Massachusetts law, if certain conditions prevail, shareholders of a Massachusetts business trust (such as the Trust) could be deemed to have personal liability for the obligations of the Trust. However, the Trusts Declaration of Trust contains an express disclaimer of liability on the part of Trust shareholders and the By-laws provide that the Trust shall assume, upon request by the shareholder, the defense on behalf of any Trust shareholders. Moreover, the By-laws also provide for indemnification out of Trust property of any shareholder held personally liable solely by reason of being or having been a shareholder for all loss or expense arising from such liability. Additionally, in the normal course of business, the Trust enters into agreements with service providers that may contain indemnification clauses. The Trusts maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred.
I Forward Foreign Currency Exchange Contracts The Trust may enter into forward foreign currency exchange contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date. The forward foreign currency exchange contracts are adjusted by the daily exchange rate of the underlying currency and any gains or losses are recorded as unrealized until such time as the contracts have been closed. Risks may arise upon entering these contracts from the potential inability of counterparties to meet the terms of their contracts and from movements in the value of a foreign currency relative to the U.S. dollar.
J When-Issued Securities and Delayed Delivery Transactions The Trust may purchase or sell securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. At the time the transaction is negotiated, the price of the security that will be delivered is fixed. The Trust maintains cash and/or security positions for these commitments such that sufficient liquid assets will be available to make payments upon settlement. Securities purchased on a delayed delivery or when-issued basis are marked-to-market daily and begin earning interest on settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.
K Interim Financial Statements The interim financial statements relating to December 31, 2019 and for the six months then ended have not been audited by an independent registered public accounting firm, but in the opinion of the Trusts management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.
38
Eaton Vance
Senior Income Trust
December 31, 2019
Notes to Financial Statements (Unaudited) continued
2 Auction Preferred Shares
The Trust issued Auction Preferred Shares (APS) on July 27, 2001 in a public offering. Dividends on the APS, which accrue daily, are cumulative at rates which are reset every seven days by an auction, unless a special dividend period has been set. Series of APS are identical in all respects except for the reset dates of the dividend rates. If the APS auctions do not successfully clear, the dividend payment rate over the next period for the APS holders is set at a specified maximum applicable rate until such time as the APS auctions are successful. Auctions have not cleared since February 13, 2008 and the rate since that date has been the maximum applicable rate (see Note 3). The maximum applicable rate on the APS is 125% of the AA Financial Composite Commercial Paper Rate at the date of the auction. The stated spread over the reference benchmark rate is determined based on the credit rating of the APS.
The number of APS issued and outstanding as of December 31, 2019 is as follows:
| Series A | 752 |
|---|---|
| Series B | 752 |
The APS are redeemable at the option of the Trust at a redemption price equal to $25,000 per share, plus accumulated and unpaid dividends, on any dividend payment date. The APS are also subject to mandatory redemption at a redemption price equal to $25,000 per share, plus accumulated and unpaid dividends, if the Trust is in default for an extended period on its asset maintenance requirements with respect to the APS. If the dividends on the APS remain unpaid in an amount equal to two full years dividends, the holders of the APS as a class have the right to elect a majority of the Board of Trustees. In general, the holders of the APS and the common shares have equal voting rights of one vote per share, except that the holders of the APS, as a separate class, have the right to elect at least two members of the Board of Trustees. The APS have a liquidation preference of $25,000 per share, plus accumulated and unpaid dividends. The Trust is required to maintain certain asset coverage with respect to the APS as defined in the Trusts By-Laws and the 1940 Act. The Trust pays an annual fee up to 0.15% of the liquidation value of the APS to broker/dealers as a service fee if the auctions are unsuccessful; otherwise, the annual fee is 0.25%.
On June 29, 2018, the Trust announced a tender offer to purchase up to 39% of its outstanding APS at a price per share equal to 92% of the APS liquidation preference of $25,000 per share (or $23,000 per share), plus any accrued but unpaid APS dividends. The tender offer expired on September 14, 2018. The number of APS redeemed during the year ended June 30, 2019 pursuant to the tender offer and the redemption amount (excluding the final dividend payment) were as follows:
| Series A | 480 | Redemption Amount — $ 11,040,000 |
|---|---|---|
| Series B | 480 | 11,040,000 |
3 Distributions to Shareholders and Income Tax Information
The Trust intends to make monthly distributions of net investment income to common shareholders, after payment of any dividends on any outstanding APS. In addition, at least annually, the Trust intends to distribute all or substantially all of its net realized capital gains. Distributions to common shareholders are recorded on the ex-dividend date. Distributions to preferred shareholders are recorded daily and are payable at the end of each dividend period. The dividend rates for the APS at December 31, 2019, and the amount of dividends accrued (including capital gains, if any) to APS shareholders, average APS dividend rates (annualized), and dividend rate ranges for the six months then ended were as follows:
| Series A | 2.00 % | Dividends Accrued to APS Shareholders — $ 234,089 | 2.48 % | 1.932.99 |
|---|---|---|---|---|
| Series B | 1.95 | 230,454 | 2.44 | 1.932.99 |
Beginning February 13, 2008 and consistent with the patterns in the broader market for auction-rate securities, the Trusts APS auctions were unsuccessful in clearing due to an imbalance of sell orders over bids to buy the APS. As a result, the dividend rates of the APS were reset to the maximum applicable rates. The table above reflects such maximum dividend rate for each series as of December 31, 2019.
39
Eaton Vance
Senior Income Trust
December 31, 2019
Notes to Financial Statements (Unaudited) continued
Distributions to shareholders are determined in accordance with income tax regulations, which may differ from U.S. GAAP. As required by U.S. GAAP, only distributions in excess of tax basis earnings and profits are reported in the financial statements as a return of capital. Permanent differences between book and tax accounting relating to distributions are reclassified to paid-in capital. For tax purposes, distributions from short-term capital gains are considered to be from ordinary income.
At June 30, 2019, the Trust had a net capital loss of $1,431,100 attributable to security transactions incurred after October 31, 2018 that it has elected to defer. This net capital loss is treated as arising on the first day of the Trusts taxable year ending June 30, 2020.
The cost and unrealized appreciation (depreciation) of investments, including open derivative contracts, of the Trust at December 31, 2019, as determined on a federal income tax basis, were as follows:
| Aggregate cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 4,946,594 | |
| Gross unrealized depreciation | (14,523,663 | ) |
| Net unrealized depreciation | $ (9,577,069 | ) |
4 Investment Adviser Fee and Other Transactions with Affiliates
The investment adviser fee is earned by EVM as compensation for management and investment advisory services rendered to the Trust. Pursuant to the investment advisory agreement between the Trust and EVM, the investment advisory fee payable by the Trust is 0.85% of the Trusts average weekly gross assets and is payable monthly. Pursuant to a fee reduction agreement between the Trust and EVM that commenced on May 1, 2010, the annual investment adviser fee is reduced by 0.01% every May 1 thereafter for the next twenty-nine years. The Trusts advisory fee is currently computed at an annual rate of 0.75% of its average weekly gross assets and is payable monthly. The fee reduction cannot be terminated without the consent of the Trustees and shareholders. For the six months ended December 31, 2019, the Trusts investment adviser fee totaled $1,550,492. The Trust invests its cash in Cash Reserves Fund. EVM does not currently receive a fee for advisory services provided to Cash Reserves Fund. The administration fee is earned by EVM for administering the business affairs of the Trust and is computed at an annual rate of 0.25% of the Trusts average weekly gross assets. For the six months ended December 31, 2019, the administration fee amounted to $516,831.
Trustees and officers of the Trust who are members of EVMs organization receive remuneration for their services to the Trust out of the investment adviser fee. Trustees of the Trust who are not affiliated with EVM may elect to defer receipt of all or a percentage of their annual fees in accordance with the terms of the Trustees Deferred Compensation Plan. For the six months ended December 31, 2019, no significant amounts have been deferred. Certain officers and Trustees of the Trust are officers of EVM.
5 Purchases and Sales of Investments
Purchases and sales of investments, other than short-term obligations and including maturities, paydowns and principal repayments on Senior Loans, aggregated $54,514,364 and $59,026,962, respectively, for the six months ended December 31, 2019.
6 Common Shares of Beneficial Interest and Shelf Offering
The Trust may issue common shares pursuant to its dividend reinvestment plan. There were no common shares issued by the Trust for the six months ended December 31, 2019 and the year ended June 30, 2019.
In November 2013, the Board of Trustees initially approved a share repurchase program for the Trust. Pursuant to the reauthorization of the share repurchase program by the Board of Trustees in March 2019, the Trust is authorized to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year at market prices when shares are trading at a discount to net asset value. The share repurchase program does not obligate the Trust to purchase a specific amount of shares. There were no repurchases of common shares by the Trust for the six months ended December 31, 2019 and the year ended June 30, 2019.
Pursuant to a registration statement filed with the SEC, the Trust is authorized to issue up to an additional 4,551,438 common shares through an equity shelf offering program (the shelf offering). Under the shelf offering, the Trust, subject to market conditions, may raise additional capital from time to time and in varying amounts and offering methods at a net price at or above the Trusts net asset value per common share. During the six months ended December 31, 2019 and the year ended June 30, 2019, there were no shares sold by the Trust pursuant to its shelf offering.
40
Eaton Vance
Senior Income Trust
December 31, 2019
Notes to Financial Statements (Unaudited) continued
7 Restricted Securities
At December 31, 2019, the Trust owned the following securities (representing less than 0.01% of net assets applicable to common shares) which were restricted as to public resale and not registered under the Securities Act of 1933 (excluding Rule 144A securities). The Trust has various registration rights (exercisable under a variety of circumstances) with respect to these securities. The value of these securities is determined based on valuations provided by brokers when available, or if not available, they are valued at fair value using methods determined in good faith by or at the direction of the Trustees.
| Description | Cost | Value | ||
|---|---|---|---|---|
| Common Stocks | ||||
| Nine Point Energy Holdings, Inc. | 7/15/14 | 325 | $ 15,070 | $ 3 |
| Convertible Preferred Stocks | ||||
| Nine Point Energy Holdings, Inc., Series A, 12.00% | 5/26/17 | 5 | 5,000 | 2,889 |
| Total Restricted Securities | $ 20,070 | $ 2,892 |
8 Financial Instruments
The Trust may trade in financial instruments with off-balance sheet risk in the normal course of its investing activities. These financial instruments may include forward foreign currency exchange contracts and may involve, to a varying degree, elements of risk in excess of the amounts recognized for financial statement purposes. The notional or contractual amounts of these instruments represent the investment the Trust has in particular classes of financial instruments and do not necessarily represent the amounts potentially subject to risk. The measurement of the risks associated with these instruments is meaningful only when all related and offsetting transactions are considered. A summary of obligations under these financial instruments at December 31, 2019 is included in the Portfolio of Investments. At December 31, 2019, the Trust had sufficient cash and/or securities to cover commitments under these contracts.
The Trust is subject to foreign exchange risk in the normal course of pursuing its investment objective. Because the Trust holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Trust enters into forward foreign currency exchange contracts.
The Trust enters into forward foreign currency exchange contracts that may contain provisions whereby the counterparty may terminate the contract under certain conditions, including but not limited to a decline in the Trusts net assets below a certain level over a certain period of time, which would trigger a payment by the Trust for those derivatives in a liability position. At December 31, 2019, the fair value of derivatives with credit-related contingent features in a net liability position was $258,390. The aggregate fair value of assets pledged as collateral by the Trust for such liability was $150,000 at December 31, 2019.
The over-the-counter (OTC) derivatives in which the Trust invests are subject to the risk that the counterparty to the contract fails to perform its obligations under the contract. To mitigate this risk, the Trust has entered into an International Swaps and Derivatives Association, Inc. Master Agreement (ISDA Master Agreement) or similar agreement with substantially all its derivative counterparties. An ISDA Master Agreement is a bilateral agreement between the Trust and a counterparty that governs certain OTC derivatives and typically contains, among other things, set-off provisions in the event of a default and/or termination event as defined under the relevant ISDA Master Agreement. Under an ISDA Master Agreement, the Trust may, under certain circumstances, offset with the counterparty certain derivative financial instruments payables and/or receivables with collateral held and/or posted and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of default including the bankruptcy or insolvency of the counterparty. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy or insolvency. Certain ISDA Master Agreements allow counterparties to OTC derivatives to terminate derivative contracts prior to maturity in the event the Trusts net assets decline by a stated percentage or the Trust fails to meet the terms of its ISDA Master Agreements, which would cause the counterparty to accelerate payment by the Trust of any net liability owed to it.
The collateral requirements for derivatives traded under an ISDA Master Agreement are governed by a Credit Support Annex to the ISDA Master Agreement. Collateral requirements are determined at the close of business each day and are typically based on changes in market values for each transaction under an ISDA Master Agreement and netted into one amount for such agreement. Generally, the amount of collateral due from or to a counterparty is subject to a minimum transfer threshold amount before a transfer is required, which may vary by counterparty. Collateral pledged for the benefit of the Trust and/or counterparty is held in segregated accounts by the Trusts custodian and cannot be sold, re-pledged, assigned or otherwise used while pledged. The portion of such collateral representing cash, if any, is reflected as deposits for derivatives collateral and, in the case of cash pledged by a counterparty for the benefit of the Trust, a corresponding liability on the Statement of Assets and Liabilities. Securities pledged by the Trust as collateral, if any, are identified as such in the Portfolio of Investments.
41
Eaton Vance
Senior Income Trust
December 31, 2019
Notes to Financial Statements (Unaudited) continued
The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) and whose primary underlying risk exposure is foreign exchange risk at December 31, 2019 was as follows:
| Derivative | Fair Value — Asset Derivative | Liability Derivative (1) | |
|---|---|---|---|
| Forward foreign currency exchange contracts | $ | $ (258,390 | ) |
(1) Statement of Assets and Liabilities location: Payable for open forward foreign currency exchange contracts.
The Trusts derivative liabilities at fair value by type, which are reported gross in the Statement of Assets and Liabilities, are presented in the table above. The following table presents the Trusts derivative liabilities by counterparty, net of amounts available for offset under a master netting agreement and net of the related collateral pledged by the Trust for such liabilities as of December 31, 2019.
| Counterparty | Derivative Liabilities Subject to Master Netting Agreement | Derivatives Available for Offset | Non-cash Collateral Pledged (a) | Cash Collateral Pledged (a) | Net Amount of Derivative Liabilities (b) | Total Cash Collateral Pledged | ||
|---|---|---|---|---|---|---|---|---|
| Goldman Sachs International | $ (35,112 | ) | $ | $ | $ | $ (35,112 | ) | $ |
| HSBC Bank USA, N.A. | (93,512 | ) | | | 93,512 | | 150,000 | |
| State Street Bank and Trust Company | (129,766 | ) | | | | (129,766 | ) | |
| $ (258,390 | ) | $ | $ | $ 93,512 | $ (164,878 | ) | $ 150,000 |
(a) In some instances, the total collateral pledged may be more than the amount shown due to overcollateralization.
(b) Net amount represents the net amount payable to the counterparty in the event of default.
The effect of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) on the Statement of Operations and whose primary underlying risk exposure is foreign exchange risk for the six months ended December 31, 2019 was as follows:
| Derivative | Realized Gain (Loss) on Derivatives Recognized in Income (1) | Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in
Income (2) | |
| --- | --- | --- | --- |
| Forward foreign currency exchange contracts | $ 730,851 | $ (80,435 | ) |
(1) Statement of Operations location: Net realized gain (loss) Forward foreign currency exchange contracts.
(2) Statement of Operations location: Change in unrealized appreciation (depreciation) Forward foreign currency exchange contracts.
The average notional amount of forward foreign currency exchange contracts (based on the absolute value of notional amounts of currency purchased and currency sold) outstanding during the six months ended December 31, 2019, which is indicative of the volume of this derivative type, was approximately $26,113,000.
9 Revolving Credit and Security Agreement
The Trust has entered into a Revolving Credit and Security Agreement, as amended (the Agreement) with conduit lenders and a bank that allows it to borrow up to $125 million and to invest the borrowings in accordance with its investment practices. Borrowings under the Agreement are secured by the assets of the Trust. Interest is charged at a rate above the conduits commercial paper issuance rate and is payable monthly. Under the terms of the Agreement, in effect through March 9, 2020, the Trust also pays a program fee of 0.85% per annum on its outstanding borrowings to administer the facility and a liquidity fee of 0.15% (0.25% if the outstanding loan amount is less than or equal to 60% of the total facility size) per annum on the unused portion of the total commitment under the Agreement. Program and liquidity fees for the six months ended December 31, 2019 totaled $482,759 and are included in interest expense and fees on the Statement of Operations. The Trust paid an upfront fee of $125,000 in connection with the renewal of the Agreement in March 2019, which is being amortized to interest expense over a period of one year. The unamortized balance as of December 31, 2019 is approximately $24,000 and is included in prepaid upfront fees on notes payable on the Statement of Assets and Liabilities. The Trust is required to maintain certain net asset levels during the term of the Agreement. At December 31, 2019, the Trust had borrowings outstanding under the Agreement of
42
Eaton Vance
Senior Income Trust
December 31, 2019
Notes to Financial Statements (Unaudited) continued
$108,000,000 at an annual interest rate of 1.83%. Based on the short-term nature of the borrowings under the Agreement and the variable interest rate, the carrying amount of the borrowings at December 31, 2019 approximated its fair value. If measured at fair value, borrowings under the Agreement would have been considered as Level 2 in the fair value hierarchy (see Note 13) at December 31, 2019. For the six months ended December 31, 2019, the average borrowings under the Agreement and the average annual interest rate (excluding fees) were $108,146,739 and 2.21%, respectively.
10 Risks Associated with Foreign Investments
Investing in securities issued by companies whose principal business activities are outside the United States may involve significant risks not present in domestic investments. For example, there is generally less publicly available information about foreign companies, particularly those not subject to the disclosure and reporting requirements of the U.S. securities laws. Certain foreign issuers are generally not bound by uniform accounting, auditing, and financial reporting requirements and standards of practice comparable to those applicable to domestic issuers. Investments in foreign securities also involve the risk of possible adverse changes in investment or exchange control regulations, expropriation or confiscatory taxation, limitation on the removal of funds or other assets of the Trust, political or financial instability or diplomatic and other developments which could affect such investments. Foreign securities markets, while growing in volume and sophistication, are generally not as developed as those in the United States, and securities of some foreign issuers (particularly those located in developing countries) may be less liquid and more volatile than securities of comparable U.S. companies. In general, there is less overall governmental supervision and regulation of foreign securities markets, broker/dealers and issuers than in the United States.
11 Credit Risk
The Trust invests primarily in below investment grade floating-rate loans, which are considered speculative because of the credit risk of their issuers. Changes in economic conditions or other circumstances are more likely to reduce the capacity of issuers of these securities to make principal and interest payments. Such companies are more likely to default on their payments of interest and principal owed than issuers of investment grade bonds. An economic downturn generally leads to a 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 loans value.
12 Investments in Affiliated Funds
At December 31, 2019, the value of the Trusts investment in affiliated funds was $5,500,458, which represents 2.1% of the Trusts net assets applicable to common shares. Transactions in affiliated funds by the Trust for the six months ended December 31, 2019 were as follows:
| Name of affiliated fund | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Short-Term Investments | ||||||||||
| Eaton Vance Cash Reserves Fund, LLC, 1.78% | $ 3,194,436 | $ 61,627,037 | $ (59,320,138 | ) | $ (879 | ) | $ 2 | $ 5,500,458 | $ 73,372 | 5,500,458 |
13 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 funds own assumptions in determining the fair value of investments)
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
43
Eaton Vance
Senior Income Trust
December 31, 2019
Notes to Financial Statements (Unaudited) continued
At December 31, 2019, the hierarchy of inputs used in valuing the Trusts investments and open derivative instruments, which are carried at value, were as follows:
| Asset Description | Level 1 | Level 2 | Level 3* | Total | ||
|---|---|---|---|---|---|---|
| Senior Floating-Rate Loans (Less Unfunded Loan Commitments) | $ | $ 345,565,489 | $ 2,092,375 | $ 347,657,864 | ||
| Corporate Bonds & Notes | | 30,059,339 | | 30,059,339 | ||
| Asset-Backed Securities | | 17,549,891 | | 17,549,891 | ||
| Common Stocks | 981,091 | 967,489 | 2,311,149 | 4,259,729 | ||
| Convertible Preferred Stocks | | | 2,889 | 2,889 | ||
| Preferred Stocks | | | 128,183 | 128,183 | ||
| Closed-End Funds | 5,056,436 | | | 5,056,436 | ||
| Warrants | | | 0 | 0 | ||
| Miscellaneous | | 7,869 | 0 | 7,869 | ||
| Short-Term Investments | | 5,500,458 | | 5,500,458 | ||
| Total Investments | $ 6,037,527 | $ 399,650,535 | $ 4,534,596 | $ 410,222,658 | ||
| Liability Description | ||||||
| Forward Foreign Currency Exchange Contracts | $ | $ (258,390 | ) | $ | $ (258,390 | ) |
| Total | $ | $ (258,390 | ) | $ | $ (258,390 | ) |
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 December 31, 2019 is not presented.
44
Eaton Vance
Senior Income Trust
December 31, 2019
Annual Meeting of Shareholders (Unaudited)
The Fund held its Annual Meeting of Shareholders on October 17, 2019. The following action was taken by the shareholders:
Item 1: The election of George J. Gorman, William H. Park and Marcus L. Smith as Class III Trustees of the Fund for a three-year term expiring in 2022. Mr. Park was elected solely by APS shareholders.
| Nominee for Trustee Elected by All Shareholders | Number of Shares | |
|---|---|---|
| For | Withheld | |
| George J. Gorman | 25,992,213 | 6,661,348 |
| Marcus L. Smith | 26,087,256 | 6,566,305 |
| Nominee for Trustee Elected by APS Shareholders | Number of Shares | |
| For | Withheld | |
| William H. Park | 1,282 | 4 |
45
Eaton Vance
Senior Income Trust
December 31, 2019
Officers and Trustees
Officers
Payson F. Swaffield
President
Maureen A. Gemma
Vice President, Secretary and Chief Legal Officer
James F. Kirchner
Treasurer
Richard F. Froio
Chief Compliance Officer
Trustees
William H. Park
Chairperson
Thomas E. Faust Jr.*
Mark R. Fetting
Cynthia E. Frost
George J. Gorman
Valerie A. Mosley
Helen Frame Peters
Keith Quinton
Marcus L. Smith
Susan J. Sutherland
Scott E. Wennerholm
46
Eaton Vance Funds
IMPORTANT NOTICES
Privacy. The Eaton Vance organization is committed to ensuring your financial privacy. Each entity listed below has adopted a privacy policy and procedures (Privacy Program) Eaton Vance believes is reasonably designed to protect your personal information and to govern when and with whom Eaton Vance may share your personal information.
At the time of opening an account, Eaton Vance generally requires you to provide us with certain information such as name, address, social security number, tax status, account numbers, and account balances. This information is necessary for us to both open an account for you and to allow us to satisfy legal requirements such as applicable anti-money laundering reviews and know-your-customer requirements.
On an ongoing basis, in the normal course of servicing your account, Eaton Vance may share your information with unaffiliated third parties that perform various services for Eaton Vance and/or your account. These third parties include transfer agents, custodians, broker/dealers and our professional advisers, including auditors, accountants, and legal counsel. Eaton Vance may additionally share your personal information with our affiliates.
We believe our Privacy Program is reasonably designed to protect the confidentiality of your personal information and to prevent unauthorized access to that information.
We reserve the right to change our Privacy Program at any time upon proper notification to you. You may want to review our Privacy Program periodically for changes by accessing the link on our homepage: www.eatonvance.com.
Our pledge of protecting your personal information applies to the following entities within the Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance Investment Counsel, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Limited, Eaton Vance Global Advisors Limited, Eaton Vance Managements Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, and Calvert Funds. This Privacy Notice supersedes all previously issued privacy disclosures. For more information about our Privacy Program or about how your personal information may be used, please call 1-800-262-1122.
Delivery of Shareholder Documents. The Securities and Exchange Commission (SEC) permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called householding and it helps eliminate duplicate mailings to shareholders. American Stock Transfer & Trust Company, LLC (AST), the closed-end funds transfer agent, or your financial intermediary, may household the mailing of your documents indefinitely unless you instruct AST, or your financial intermediary, otherwise. If you would prefer that your Eaton Vance documents not be householded, please contact AST or your financial intermediary. Your instructions that householding not apply to delivery of your Eaton Vance documents will typically be effective within 30 days of receipt by AST or your financial intermediary.
Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) files a schedule of portfolio holdings on Part F to Form N-PORT with the SEC for the first and third quarters of each fiscal year. The Form N-PORT 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 SECs website at www.sec.gov.
Proxy Voting. From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds and Portfolios Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, without charge, upon request, by calling 1-800-262-1122 and by accessing the SECs website at www.sec.gov.
Share Repurchase Program. The Funds Board of Trustees has approved a share repurchase program authorizing the Fund to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year in open-market transactions at a discount to net asset value. The repurchase program does not obligate the Fund to purchase a specific amount of shares. The Funds repurchase activity, including the number of shares purchased, average price and average discount to net asset value, is disclosed in the Funds 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.
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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 15 th Avenue
Brooklyn, NY 11219
Fund Offices
Two International Place
Boston, MA 02110
7700 12.31.19
Item 2. Code of Ethics
Not required in this filing.
Item 3. Audit Committee Financial Expert
Not required in this filing.
Item 4. Principal Accountant Fees and Services
Not required in this filing.
Item 5. Audit Committee of Listed Registrants
Not required in this filing.
Item 6. Schedule of Investments
Please see schedule of investments contained in the Report to Stockholders included under Item 1 of this 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 registrants principal executive officer and principal financial officer that the effectiveness of the registrants 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 Commissions rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrants principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrants internal controls over financial reporting during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
No activity to report for the registrants most recent fiscal year end.
Item 13. Exhibits
| (a)(1) | Registrants Code of Ethics Not applicable (please see Item 2). |
|---|---|
| (a)(2)(i) | Treasurers Section 302 certification. |
| (a)(2)(ii) | Presidents 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 Senior Income Trust
| By: |
|---|
| Payson F. Swaffield |
| President |
Date: February 24, 2020
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: |
|---|
| James F. Kirchner |
| Treasurer |
Date: February 24, 2020
| By: |
|---|
| Payson F. Swaffield |
| President |
Date: February 24, 2020
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