Morningstar

Eaton Vance Floating - Rate Fund Class A EVBLX

Morningstar Medalist Rating
Medalist Rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 8.20  /  0.00
  • Total Assets 3.0B
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.070%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.78%
  • Effective Duration —

USD | NAV as of Jun 17, 2026 | 1-Day Return as of Jun 17, 2026, 12:14 AM GMT+0

Morningstar’s Analysis EVBLX

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

  • People Pillar

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

More personnel turnover for the Eaton Vance’s floating-rate strategies further dents its People Pillar rating.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

It’s been a tumultuous year for Eaton Vance’s floating-rate team. On the heels of the January 2025 removal of Andrew Sveen, who was the head of the floating-rate platform and lead manager of their suite of floating-rate funds, comanager Jake Lemle suddenly left on June 12, 2025. The firm replaced Lemle with a new head of floating-rate loans, who will comanage Eaton Vance Floating-Rate alongside bank-loan veteran Ralph Hinckley. This upheaval results in a People Pillar rating downgrade to Average from Above Average.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings EVBLX

More EVBLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
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