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Eaton Vance Floating-Rate Advantage I EIFAX

Analyst rating as of
NAV / 1-Day Return
10.52  /  0.13 %
Total Assets
8.0 Bil
Adj. Expense Ratio
0.750%
Expense Ratio
1.350%
Fee Level
Average
Longest Manager Tenure
14.08 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
250,000
Status
Open
TTM Yield
4.02%
Effective Duration
0.36 years
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Morningstar’s Analysis

Will EIFAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A manager departure doesn’t dent this bold bank-loan strategy.

Senior Analyst

Summary

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Eaton Vance Floating Rate Advantage remains a standout despite a longtime manager’s upcoming retirement. Its cheaper share classes earn Morningstar Analyst Ratings of Silver and Bronze while its more expensive shares are rated Neutral.

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