Morningstar

Eaton Vance Floating-Rate Advantage C ECFAX

Morningstar Medalist Rating
Medalist Rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 9.98  /  +0.02 %
  • Total Assets 5.6 Bil
  • Adj. Expense Ratio
    1.500%
  • Expense Ratio 3.320%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 8.81%
  • Effective Duration 0.36 years

USD | NAV as of Sep 25, 2024 | 1-Day Return as of Sep 25, 2024, 10:11 PM GMT+0

Morningstar’s Analysis ECFAX

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

  • People Pillar

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

The use of leverage has aided this solid bank-loan strategy.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Seasoned managers, a dedicated bank-loan research team, and a disciplined, time-tested approach keep Eaton Vance Floating-Rate Advantage as a top option for investors. However, given this team's talent and vast resources, investors should expect better relative results in this competitive peer group.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings ECFAX

More ECFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Epicor

1.02 78.4 Mil
Corporate

Applied Systems, Inc.

0.88 68.1 Mil
Corporate

Us Dollars

0.88 67.4 Mil
Cash and Equivalents

Msilf Government Portfolio Msilf Government Portfolio

0.83 64.2 Mil
Cash and Equivalents

UBER TECHNOLOGIE FLOATING COUPON 7.7657 MATURITY 20300304

0.71 54.5 Mil
Corporate

McAfee Consumer

0.62 47.9 Mil
Corporate

Go Daddy

0.60 45.9 Mil
Corporate

Restaurant Brands International

0.59 45.3 Mil
Corporate

Les Schwab Tire Centers

0.58 44.3 Mil
Corporate

PLAYA RESORTS FLOATING COUPON 8.5615 MATURITY 20290105

0.57 44.0 Mil
Corporate

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