Morningstar

Eaton Vance Floating - Rate Fund Advisor Class EABLX

Morningstar Medalist Rating
Medalist Rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 7.89  /  0.00
  • Total Assets 3.0B
  • Adj. Expense Ratio
    1.060%
  • Expense Ratio 1.070%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.68%
  • Effective Duration —

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:10 AM GMT+0

Morningstar’s Analysis EABLX

Will EABLX outperform in the 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.

More personnel turnover for the Eaton Vance’s floating-rate strategies further dents its People Pillar rating.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

It’s been a tumultuous year for Eaton Vance’s floating-rate team. On the heels of the January 2025 removal of Andrew Sveen, who was the head of the floating-rate platform and lead manager of their suite of floating-rate funds, comanager Jake Lemle suddenly left on June 12, 2025. The firm replaced Lemle with a new head of floating-rate loans, who will comanage Eaton Vance Floating-Rate alongside bank-loan veteran Ralph Hinckley. This upheaval results in a People Pillar rating downgrade to Average from Above Average.

by Paul Olmsted
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings EABLX

More EABLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Morgan Stanley Inst Lqudty Gov Sec Ins

5.23 193M
Cash and Equivalents

Euro

1.27 47M
Cash and Equivalents

Eaton Vance Floating-Rate ETF

1.02 38M
—

William Morris

0.77 29M
Corporate

Tk Elevator

0.70 26M
Corporate

Broadstreet Partners, Inc.

0.65 24M
Corporate

Culligan

0.63 23M
Corporate

Sevita (Fka Nat

0.59 22M
Corporate

Allieduniversal

0.59 22M
Corporate

Sedgwick Claims

0.58 22M
Corporate

Sponsor Center