EFT
Eaton Vance Floating-Rate Income TrustEFT
EFT
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.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
14% more funds holding
Funds holding: 70 [Q2] → 80 (+10) [Q3]
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
3.64% less ownership
Funds ownership: 32.38% [Q2] → 28.74% (-3.64%) [Q3]
15% less capital invested
Capital invested by funds: $114M [Q2] → $96.6M (-$17.1M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for EFT.
Financial journalist opinion
Based on 3 articles about EFT published over the past 30 days
Neutral
Business Wire
2 days 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.
Neutral
Business Wire
2 weeks 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.
Positive
Seeking Alpha
4 weeks 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.
Neutral
Business Wire
1 month 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.
Positive
Seeking Alpha
2 months ago
2 'Sleep Well At Night' CEFs Yielding 7% Or Higher
Closed-end funds offer a stable asset base and can invest in illiquid assets due to their fixed share structure. Reaves Utility Income Fund focuses on utilities, uses leverage, and has a strong historical return, making its 7% managed distribution sustainable. Eaton Vance Floating-Rate Income Trust invests in floating-rate senior loans, prioritizes high income, and currently covers its distribution with net investment income.
Neutral
Business Wire
2 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 – 10/1/2024 Ex-Date – 10/11/2024 Record – 10/11/2024 Payable – 10/18/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 9/30/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.87 5.52% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.9.
Neutral
Business Wire
3 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 – 9/3/2024 Ex-Date – 9/13/2024 Record – 9/13/2024 Payable – 9/20/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 8/30/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.90 5.50% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.78 5.
Neutral
Seeking Alpha
4 months ago
EFT: Not Worth A Premium, But Not A Bad Fund
Eaton Vance Floating-Rate Income Trust generates income through debt securities with floating interest rates, offering higher yields than traditional bonds due to the inverted yield curve. The EFT closed-end fund boasts a 10.53% yield, slightly lower than peers, with a stable share price and focus on current income. The fund appears to be reducing its American allocation, which makes no sense following developed market central banks beginning a cutting cycle.
Neutral
Business Wire
4 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 – 8/1/2024 Ex-Date – 8/12/2024 Record – 8/12/2024 Payable – 8/19/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 7/31/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.96 5.47% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.64 5.79% Ta.
Neutral
Business Wire
5 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 – 7/1/2024 Ex-Date – 7/11/2024 Record – 7/11/2024 Payable – 7/18/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 6/28/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 $0.0066 $10.88 5.51% Eaton Vance Municipal Income Trust EVN $0.0513 $0.0052 $10.35.
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