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.
Eaton Vance Floating-Rate Advantage I EIFAX
NAV / 1-Day Return
10.58
/
0.03
%
Total Assets
8.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.750%
Expense Ratio
1.350%
Fee Level
Average
Longest Manager Tenure
14.21
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
250,000
Status
Open
TTM Yield
4.03%
Effective Duration
0.36
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will EIFAX 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 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.
A manager departure doesn’t dent this bold bank-loan strategy.
