Morningstar

Eaton Vance Floating-Rate Advantage Fund Class I EIFAX

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  • NAV / 1-Day Return $9.20  /  −0.11 %
  • Fund Size $3.6B
  • Adjusted Expense Ratio 0.710%
  • Net Expense Ratio 2.020%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 7.44%
  • Average Effective Duration 0.30 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
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Portfolio Holdings EIFAX

More EIFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
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0.68 40M
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SEDGWICK CMS INC FLOATING COUPON MATURITY 20280224

0.65 38M
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Transdigm Inc Floating Coupon 6.1357 Maturity 20300322

0.64 37M
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Freeport Lng Inv Floating Coupon 7.0112 Maturity 20330211

0.61 35M
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