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.
Will EAFAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EAFAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the EAFAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of EAFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.