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Morningstar

Eaton Vance Floating-Rate & Hi Inc Adv EAFHX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 8.20  /  0.06 %
  • Total Assets 1.3 Bil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.040%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.79%
  • Effective Duration 0.93 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:56 PM GMT+00:00

Morningstar’s Analysis EAFHX

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

People Pillar

The People Pillar is our evaluation of the EAFHX 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 EAFHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Experience and discipline exemplify this hybrid bank loan offering.

Senior Analyst

Summary

| by Paul Olmsted

A seasoned portfolio management team and deep credit research resources bolster Eaton Vance Floating-Rate & High Income Fund despite a long-time manager’s retirement. Its cheaper share classes earn Morningstar Analyst Ratings of Bronze, while its more-expensive shares are rated Neutral.

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