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Morningstar

Eaton Vance Floating-Rate Advantage Adv EVFAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 9.90  /  0.02 %
  • Total Assets 6.3 Bil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 1.280%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.66%
  • Effective Duration 0.35 years

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis EVFAX

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

People Pillar

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

Experience and discipline exemplify this bold bank-loan offering.

Senior Analyst

Summary

| by Paul Olmsted

A seasoned portfolio management team and deep credit research resources bolster Eaton Vance Floating Rate Advantage despite a longtime manager’s 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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