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Morningstar

Eaton Vance Floating-Rate Advantage I EIFAX

Morningstar Analyst Rating
Analyst rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 9.96  /  0.17 %
  • Total Assets 6.3 Bil
  • Adj. Expense Ratio
    0.470%
  • Expense Ratio 1.030%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 6.14%
  • Effective Duration 0.35 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:12 PM GMT+00:00

Morningstar’s 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.

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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