Eaton Vance Floating Rate Fund (EIBLX)
Under normal circumstances, the fund invests at least 80% of its total assets in income producing floating rate loans and other floating rate debt securities. It invests primarily in senior floating rate loans of domestic and foreign borrowers ("Senior Loans"). Loans usually are of below investment grade quality and have below investment grade credit ratings, which ratings are associated with securities having high risk, speculative characteristics (sometimes referred to as "junk").
Fund Info
| ISIN | US2779114915 |
|---|---|
| CUSIP | 277911491 |
| Issuer | Eaton Vance |
| Inception Date | Jan 29, 2001 |
| Category | Bank Loan |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
EIBLX has a high expense ratio of 0.76%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Floating Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Eaton Vance Floating Rate Fund had a return of 3.01% year-to-date (YTD) and 11.46% in the last 12 months. Over the past 10 years, Eaton Vance Floating Rate Fund had an annualized return of 4.06%, while the S&P 500 had an annualized return of 10.67%, indicating that Eaton Vance Floating Rate Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.01% | 9.49% |
| 1 month | 0.82% | 1.20% |
| 6 months | 5.91% | 18.29% |
| 1 year | 11.46% | 26.44% |
| 5 years (annualized) | 4.32% | 12.64% |
| 10 years (annualized) | 4.06% | 10.67% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.62% | 0.81% | 0.84% | 0.46% | ||||||||
| 2023 | -0.34% | 1.60% | 1.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of EIBLX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
EIBLX (Eaton Vance Floating Rate Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Floating Rate Fund (EIBLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance Floating Rate Fund granted a 8.85% dividend yield in the last twelve months. The annual payout for that period amounted to $0.75 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.72 | $0.41 | $0.29 | $0.32 | $0.44 | $0.39 | $0.34 | $0.37 | $0.37 | $0.34 | $0.37 |
Dividend yield | 8.85% | 8.58% | 5.02% | 3.31% | 3.68% | 5.01% | 4.46% | 3.82% | 4.16% | 4.34% | 3.80% | 3.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | ||||||||
| 2023 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.09 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.05 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Floating Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Eaton Vance Floating Rate Fund was 32.52%, occurring on Dec 17, 2008. Recovery took 255 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.52% | Jul 5, 2007 | 368 | Dec 17, 2008 | 255 | Dec 22, 2009 | 623 |
| -18.7% | Feb 3, 2020 | 35 | Mar 23, 2020 | 162 | Nov 10, 2020 | 197 |
| -6.27% | Jan 18, 2022 | 117 | Jul 6, 2022 | 144 | Jan 31, 2023 | 261 |
| -6.25% | Jun 4, 2015 | 178 | Feb 17, 2016 | 55 | May 5, 2016 | 233 |
| -4.98% | Jun 3, 2011 | 58 | Aug 24, 2011 | 94 | Jan 9, 2012 | 152 |
Volatility
Volatility Chart
The current Eaton Vance Floating Rate Fund volatility is 1.35%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.