Morningstar

Eaton Vance Floating-Rate Advantage Fund Class A EAFAX

Morningstar Medalist Rating
Medalist Rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 9.41  /  0.00
  • Total Assets 3.8B
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 2.270%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 7.30%
  • Effective Duration 0.28 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:10 AM GMT+0

Morningstar’s Analysis EAFAX

Will EAFAX 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 EAFAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    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.

  • Parent Pillar

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

New leadership and style tweaks face an adjustment period.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

Amid leadership and management changes for Eaton Vance Floating-Rate Advantage, the team is at an inflection point. New skipper Peter Campo is adapting the team and approach to his style; however, higher personnel turnover and process tweaks warrant caution during this transitional period. This results in a Process downgrade to Average from Above Average.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings EAFAX

More EAFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Morgan Stanley Inst Lqudty Gov Sec Ins

1.62 98M
Cash and Equivalents

William Morris

0.78 47M
Corporate

Tk Elevator

0.77 47M
Corporate

Guggenheim Part

0.75 45M
Corporate

Allieduniversal

0.70 42M
Corporate

Eaton Vance Floating-Rate ETF

0.65 40M
—

Sedgwick Claims

0.62 38M
Corporate

Transdigm, Inc.

0.61 37M
Corporate

Alliant Holding

0.59 36M
Corporate

Freeport Lng Inv Floating Coupon 6.9252 Maturity 20330131

0.58 35M
Corporate

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