EFT

Eaton Vance Floating-Rate Income Trust
EFT

Overview Fund Activity
11.96 USD
-0.04
0.33%
At close Updated Sep 15, 9:44 AM EDT
1 day
-0.33%
5 days
-0.66%
1 month
-1.08%
3 months
-2.13%
6 months
-5.75%
Year to date
-7.93%
1 year
-7.5%
5 years
-2.92%
10 years
-12.19%
 

About: Eaton Vance Floating-rate Income Trust is a closed-end management investment company. The company's objective is to provide a high level of current income and its secondary objective is capital appreciation.

Financials Asset Management
0
Funds holding %
of 7,463 funds
–
Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

25% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 20

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

1.82% more ownership

Funds ownership: 29.65% [Q1] → 31.47% (+1.82%) [Q2]

5% more capital invested

Capital invested by funds: $98.4M [Q1] → $103M (+$4.55M) [Q2]

0% more funds holding

Funds holding: 77 [Q1] → 77 (+0) [Q2]

See Fund Rankings

Financial journalist opinion

Negative
Seeking Alpha
17 days ago
EFT: Lower Rates Will Cause Distributions To Be Reduced
EFT offers high income via floating rate loans but faces headwinds from likely interest rate cuts, which could reduce distributions in 2025. The fund's returns rely almost entirely on distributions, as share price performance has lagged over the past decade. EFT trades at a slight discount to NAV, but this is not unusually attractive given its historical discount range and risk profile.
EFT: Lower Rates Will Cause Distributions To Be Reduced
Positive
Seeking Alpha
3 months ago
EFT: Improved Valuation, But This Floater Fund Is Still A Sell
The Eaton Vance Floating-Rate Income Trust faces ongoing headwinds from expected Fed rate cuts, which will likely force further distribution reductions and pressure the share price. Despite a 9.2% yield and improved valuation, the fund's income and sustainability are at risk due to its reliance on floating-rate loans in a declining rate environment. The fund has exposure to fixed-rate securities, but these are very limited in quantity and are unlikely to offset the declining NII with capital gains.
EFT: Improved Valuation, But This Floater Fund Is Still A Sell
Neutral
Seeking Alpha
6 months ago
EFT: This Is Not A Buy Yet, But Worth Keeping On Your Radar
The Eaton Vance Floating-Rate Income Trust is a fixed-income fund providing broad exposure to the floating-rate loan market. The interest rates are set to decline, although the pace of decline is not clear. Generally, this fund's earnings will decline as the interest rates decline due to the nature of underlying holdings. This fund should be accumulated when interest rates are low and expected to rise in the future. With that view, this fund is not a buy yet, but worth keeping on your radar.
EFT: This Is Not A Buy Yet, But Worth Keeping On Your Radar
Negative
Seeking Alpha
6 months ago
EFT: Overpriced Leveraged Loan CEF
Eaton Vance Floating-Rate Income Trust is currently overpriced, trading at a premium to NAV, which is unusual and at the top of its historic range. EFT's 8.5% distribution yield is not impressive given its high leverage ratio, making it less attractive compared to lower-risk ETFs like LONZ and FTSL. Leverage in EFT results in higher drawdowns during risk-off periods, making it more volatile compared to non-leveraged ETFs.
EFT: Overpriced Leveraged Loan CEF
Positive
Seeking Alpha
7 months ago
CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains
We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.
CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains
Neutral
Business Wire
7 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 2/3/2025 Ex-Date – 2/13/2025 Record – 2/13/2025 Payable – 2/24/2025 Municipal Bond Funds:   Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 1/31/25 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.14 5.92% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.31 5.97% Taxabl.
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
Neutral
Business Wire
8 months ago
Eaton Vance Declares Early Monthly Distribution for Eaton Vance Floating-Rate Income Trust
BOSTON--(BUSINESS WIRE)--Eaton Vance Floating-Rate Income Trust (the “Fund”) announced a distribution today as detailed below. Declaration – 12/20/2024 Ex-Date – 12/30/2024 Record – 12/30/2024 Payable – 1/15/2025   Fund Ticker Monthly Distribution Change From Prior Distribution Closing Market Price – 12/19/24 Distribution Rate at Market Price Eaton Vance Floating-Rate Income Trust EFT $0.1030 - $13.37 9.24% The declaration, record and payment dates of the regular January distribution has been a.
Eaton Vance Declares Early Monthly Distribution for Eaton Vance Floating-Rate Income Trust
Neutral
Business Wire
9 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 12/2/2024    Ex-Date – 12/12/2024    Record – 12/12/2024    Payable – 12/19/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 11/29/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.65 5.63% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.79.
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
Positive
Seeking Alpha
9 months ago
EFT: Forward Performance Will Likely Disappoint Due To Rate Cuts
The Eaton Vance Floating-Rate Income Trust offers a 9.27% yield, but its yield is lower than similar funds, reducing its attractiveness for income-focused investors. The fund's income is pressured by declining Secured Overnight Financing Rates, likely leading to a distribution cut and disappointing future performance. The fund employs significant leverage (35.10%), making it more volatile than peers, but its net asset value has remained stable.
EFT: Forward Performance Will Likely Disappoint Due To Rate Cuts
Neutral
Business Wire
10 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 11/1/2024 Ex-Date – 11/11/2024 Record – 11/11/2024 Payable – 11/18/2024   Municipal Bond Funds: Fund Ticker   Distribution   Change From Prior Distribution   Closing Market Price – 10/31/24   Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV   $0.0500   -   $10.55   5.69% Eaton Vance Municipal Income Trust EVN   $0.051.
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
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