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Eaton Vance Floating-Rate Advantage I EIFAX

Analyst rating as of
NAV / 1-Day Return
9.73  /  0.06 %
Total Assets
8.6 Bil
Adj. Expense Ratio
0.700%
Expense Ratio
1.030%
Fee Level
High
Longest Manager Tenure
14.63 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
4.28%
Effective Duration
0.36 years

Morningstar’s Analysis

Will EIFAX outperform in future?

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

Experience and discipline exemplify this bold bank-loan offering.

Senior Analyst

Summary

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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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