Eaton Vance Floating-Rate Advantage Fund Class Advisers (EVFAX)

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Eaton Vance Floating-Rate Advantage Fund Class Advisers (EVFAX) is up 0.4% since the beginning of the year. EVFAX is currently trading at $9 per share. Investors who bought $1,000 worth of EVFAX shares 5 years ago would now be looking at an investment worth $1,251.

Eaton Vance Floating-Rate Advantage Fund Class Advisers (EVFAX) has returned 0.37% so far this year and 3.33% over the past 12 months. Over the last ten years, EVFAX has returned 4.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 17, 2008, EVFAX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.

Historically, 75% of months were positive and 25% were negative. The best month was Apr 2009 with a return of +10.5%, while the worst month was Oct 2008 at -19.3%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 7 months.

On a daily basis, EVFAX closed higher 30% of trading days. The best single day was Mar 26, 2020 with a return of +4.2%, while the worst single day was Mar 19, 2020 at -4.4%.

Eaton Vance Floating-Rate Advantage Fund Class Advisers has an annualized alpha of 4.42%, beta of 0.05, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since March 17, 2008.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (26.32%) than losses (23.46%) - typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R2 of 0.05 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.05 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

EVFAX has a high expense ratio of 0.94%, indicating above-average management fees.

EVFAX ranks 34 for risk / return — below 34% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Eaton Vance Floating-Rate Advantage Fund Class Advisers provided a 7.37% dividend yield over the last twelve months, with an annual payout of $0.70 per share.

The table displays the monthly dividend distributions for Eaton Vance Floating-Rate Advantage Fund Class Advisers. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Eaton Vance Floating-Rate Advantage Fund Class Advisers. 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 Class Advisers was 40.28%, occurring on Dec 17, 2008. Recovery took 261 trading sessions.

The current Eaton Vance Floating-Rate Advantage Fund Class Advisers drawdown is 0.21%.

The chart below shows the rolling one-month volatility.