Eaton Vance Floating Rate’s strong team and careful investment process continue to give it an edge when bought at the right price. Its cheaper share classes earn a Morningstar Analyst Rating of Bronze, while its more expensive shares are rated Neutral.
Eaton Vance Floating Rate Adv EABLX
NAV / 1-Day Return
8.80
/
0.02
%
Total Assets
6.7 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.030%
Expense Ratio
1.080%
Fee Level
High
Longest Manager Tenure
13.62
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000
Status
Open
TTM Yield
3.15%
Effective Duration
0.26
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will EABLX 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 EABLX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the EABLX 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 EABLX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A resilient choice for a tricky market.
