Eaton Vance Floating-Rate Advantage Fund (EIFAX)
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 | US2779236379 |
|---|---|
| CUSIP | 277923637 |
| Issuer | Eaton Vance |
| Inception Date | Mar 16, 2008 |
| Category | Bank Loan |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
EIFAX features an expense ratio of 0.47%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: EIFAX vs. FHYSX, EIFAX vs. BSJR, EIFAX vs. AFRAX, EIFAX vs. HYLS, EIFAX vs. RCTIX, EIFAX vs. THY, EIFAX vs. HYHG, EIFAX vs. IBHE, EIFAX vs. BSJO, EIFAX vs. GHYG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Floating-Rate Advantage 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 Advantage Fund had a return of 7.53% year-to-date (YTD) and 10.96% in the last 12 months. Over the past 10 years, Eaton Vance Floating-Rate Advantage Fund had an annualized return of 5.02%, while the S&P 500 had an annualized return of 11.39%, indicating that Eaton Vance Floating-Rate Advantage Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.53% | 25.48% |
| 1 month | 0.91% | 2.14% |
| 6 months | 4.14% | 12.76% |
| 1 year | 10.96% | 33.14% |
| 5 years (annualized) | 5.66% | 13.96% |
| 10 years (annualized) | 5.02% | 11.39% |
Monthly Returns
The table below presents the monthly returns of EIFAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.61% | 0.85% | 0.99% | 0.36% | 0.97% | 0.34% | 0.76% | 0.76% | 0.52% | 0.91% | 7.53% | ||
| 2023 | 3.33% | 0.57% | -0.27% | 1.16% | -0.36% | 2.22% | 1.63% | 1.46% | 0.65% | -0.53% | 1.84% | 2.04% | 14.53% |
| 2022 | 0.14% | -0.64% | 0.07% | -0.21% | -3.01% | -3.37% | 3.02% | 1.48% | -3.27% | 1.14% | 1.89% | -0.01% | -2.98% |
| 2021 | 1.31% | 0.60% | -0.03% | 0.46% | 0.61% | 0.52% | -0.05% | 0.72% | 0.61% | 0.13% | -0.34% | 0.75% | 5.42% |
| 2020 | 0.50% | -1.48% | -14.89% | 4.64% | 4.16% | 1.61% | 1.92% | 1.90% | 0.46% | 0.27% | 2.94% | 1.41% | 1.91% |
| 2019 | 2.98% | 1.65% | -0.36% | 1.77% | -0.46% | 0.17% | 0.79% | -0.29% | 0.44% | -0.61% | 0.62% | 2.03% | 9.02% |
| 2018 | 1.04% | 0.27% | 0.40% | 0.48% | 0.14% | 0.13% | 0.87% | 0.50% | 0.68% | -0.03% | -1.04% | -3.09% | 0.28% |
| 2017 | 0.66% | 0.60% | 0.28% | 0.46% | 0.47% | 0.09% | 0.66% | 0.01% | 0.55% | 0.68% | 0.19% | 0.39% | 5.16% |
| 2016 | -0.92% | -0.57% | 3.94% | 2.50% | 0.92% | -0.14% | 1.70% | 0.93% | 1.28% | 1.08% | 0.19% | 1.46% | 12.99% |
| 2015 | 0.32% | 1.66% | 0.41% | 0.94% | 0.04% | -0.53% | 0.13% | -0.96% | -0.98% | 0.07% | -1.29% | -1.36% | -1.58% |
| 2014 | 0.56% | 0.07% | 0.13% | 0.01% | 0.57% | 0.47% | 0.13% | 0.14% | -0.78% | 0.21% | 0.50% | -1.03% | 0.96% |
| 2013 | 1.17% | 0.22% | 1.04% | 0.57% | 0.13% | -0.69% | 1.19% | -0.05% | 0.29% | 0.84% | 0.48% | 0.56% | 5.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of EIFAX 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) 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 Advantage Fund provided a 9.46% dividend yield over the last twelve months, with an annual payout of $0.95 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.94 | $0.57 | $0.43 | $0.47 | $0.60 | $0.53 | $0.49 | $0.55 | $0.53 | $0.52 | $0.54 |
Dividend yield | 9.46% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Floating-Rate Advantage 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.08 | $0.07 | $0.07 | $0.00 | $0.76 | |
| 2023 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.08 | $0.11 | $0.94 |
| 2022 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.06 | $0.06 | $0.05 | $0.07 | $0.07 | $0.57 |
| 2021 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.43 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.47 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.60 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.53 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2016 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.55 |
| 2015 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.53 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.52 |
| 2013 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.54 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Floating-Rate Advantage 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 Advantage Fund was 38.15%, occurring on Dec 17, 2008. Recovery took 191 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.15% | Jun 20, 2008 | 125 | Dec 17, 2008 | 191 | Sep 22, 2009 | 316 |
| -24.22% | Feb 3, 2020 | 35 | Mar 23, 2020 | 177 | Dec 2, 2020 | 212 |
| -7.63% | Jan 24, 2022 | 113 | Jul 6, 2022 | 145 | Feb 1, 2023 | 258 |
| -7.12% | Jun 1, 2015 | 181 | Feb 17, 2016 | 68 | May 24, 2016 | 249 |
| -6.55% | Jun 3, 2011 | 60 | Aug 26, 2011 | 94 | Jan 11, 2012 | 154 |
Volatility
Volatility Chart
The current Eaton Vance Floating-Rate Advantage Fund volatility is 0.63%, 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.