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Eaton Vance Floating-Rate Advantage A EAFAX

Analyst rating as of
NAV / 1-Day Return
10.53  /  0.12 %
Total Assets
6.7 Bil
Adj. Expense Ratio
1.000%
Expense Ratio
1.600%
Fee Level
High
Longest Manager Tenure
13.52 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000
Status
Open
TTM Yield
4.07%
Effective Duration
0.24 years
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Morningstar’s Analysis

Will EAFAX outperform in future?

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

A compelling option for the iron-stomached loan investor.

Summary

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Eaton Vance Floating Rate Advantage’s adventurous use of leverage can get it into short-term trouble, but its great team and circumspect investment process give it a long-term edge. Its cheaper share classes earn a Morningstar Analyst Rating of Bronze, while its more expensive receive Neutral.

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