Morningstar

Eaton Vance Floating-Rate & High Income Fund Advisers Class EAFHX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $7.70  /  0.00
  • Fund Size $547.4M
  • Adjusted Expense Ratio 1.080%
  • Net Expense Ratio 1.090%
  • Fee Level: Distribution High
  • Share Class Type No Load
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 6.51%
  • Average Effective Duration 0.63 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis EAFHX

Will EAFHX 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 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.

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 & High Income, the team is at an inflection point. New bank-loan 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
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Portfolio Holdings EAFHX

More EAFHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Morgan Stanley Inst Lqudty Gov Sec Ins

2.44 14M
Cash and Equivalents

Eaton Vance Floating-Rate ETF

0.94 5M
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EOC BORROWER LLC FLOATING COUPON 6.6485 MATURITY 20320324

0.71 4M
Corporate

Discovery Hldg Floating Coupon 6.4163 Maturity 20330603

0.65 4M
Cash and Equivalents

Tk Elevator Us Floating Coupon 6.7173 Maturity 20300430

0.65 4M
Corporate

BROADSTREET PART FLOATING COUPON MATURITY 20310616

0.60 3M
Corporate

Allied Universal Floating Coupon 7.1408 Maturity 20320820

0.55 3M
Corporate

Freeport Lng Inv Floating Coupon 7.0112 Maturity 20330211

0.53 3M
Cash and Equivalents

Sword Purchaser Floating Coupon 7.7423 Maturity 20330411

0.50 3M
Cash and Equivalents

RECESS HOLDINGS FLOATING COUPON 7.5251 MATURITY 20300220

0.49 3M
Corporate

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