Eaton Vance Senior Floating-Rate Fund (EFR)

• Market cap: $378M
• 1 day: 1.02%
• 5 days: -1.30%
• 1 month: -0.61%
• 3 months: 2.62%
• 6 months: -1.60%
• Year to date: 1.02%
• 1 year: 2.95%
• 5 years: -4.22%
• 10 years: -4.08%

About: Eaton Vance Senior Floating Rate Trust is a diversified, closed-end management investment company. Its primary investment objective is to provide a high level of current income. As a secondary objective, the fund intends to seek capital preservation. Its portfolio of investments consists of health care, industrial equipment, lodging and casinos, oil and gas, publishing, radio and television, telecommunications, and other areas. The trust invests in below investment grade floating rate loans, which are considered speculative because of the credit risk of their issuers.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

29% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 21

10% more funds holding

Funds holding: 80 [Q2] → 88 (+8) [Q3]

1.69% less ownership

Funds ownership: 24.14% [Q2] → 22.44% (-1.69%) [Q3]

9% less capital invested

Capital invested by funds: $92.2M [Q2] → $83.6M (-$8.62M) [Q3]