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Morningstar

Eaton Vance Floating-Rate Advantage Adv EVFAX

Morningstar Medalist Rating
Medalist Rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 10.06  /  +0.13 %
  • Total Assets 5.8 Bil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 2.820%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 9.40%
  • Effective Duration 0.42 years

USD | NAV as of Jun 13, 2024 | 1-Day Return as of Jun 13, 2024, 12:23 AM GMT+0

Morningstar’s Analysis EVFAX

Will EVFAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EVFAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the EVFAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of EVFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The use of leverage has aided this solid bank-loan strategy.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Seasoned managers, a dedicated bank-loan research team, and a disciplined, time-tested approach keep Eaton Vance Floating-Rate Advantage as a top option for investors. However, given this team's talent and vast resources, investors should expect better relative results in this competitive peer group.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings EVFAX

More EVFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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UBER TECHNOLOGIE FLOATING COUPON 8.0900 MATURITY 20300304

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Go Daddy

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Select Medical Corporation

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Restaurant Brands International

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Coinmach

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UKG Inc.

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Us Dollars

0.56 42.4 Mil
Cash and Equivalents