Morningstar

Eaton Vance Floating-Rate Advantage Fund Class I EIFAX

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  • NAV / 1-Day Return$9.23  /  +0.11%
  • Fund Size$3.5B
  • Adjusted Expense Ratio0.710%
  • Net Expense Ratio2.020%
  • Fee Level: DistributionAverage
  • Share Class TypeInstitutional
  • Morningstar CategoryBank Loan
  • Fixed-Income Style Box (Funds)Low/Limited
  • Minimum Initial Investment$1M
  • Investment StatusOpen
  • TTM Yield7.48%
  • Average Effective Duration0.30 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis EIFAX

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

  • People Pillar

    The People Pillar is our evaluation of the EIFAX 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 EIFAX’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 EIFAX

More EIFAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings7.1
Top 10 Holdings
% Portfolio Weight
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