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.
Eaton Vance Floating-Rate Advantage I EIFAX
NAV / 1-Day Return
9.61
/
0.31
%
Total Assets
7.8 Bil
Adj. Expense Ratio
0.700%
Expense Ratio
1.030%
Fee Level
Below Average
Longest Manager Tenure
3.58
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
1,000,000
Status
Open
TTM Yield
4.73%
Effective Duration
—
years
Morningstar’s Fund Analysis EIFAX
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.
Experience and discipline exemplify this bold bank-loan offering.
