Overview

Historical Returns (%) as of Sep 30, 2018

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.
 

Distribution Rates1

as of Dec 06, 2018
Distribution Rate at NAV 5.60%
Distribution Rate at Market Price 6.28%
 

Fund Facts as of Nov 30, 2018

Performance Inception 11/28/2003
Investment Objective High current income
CUSIP 27828Q105

Expense Ratios (%)2

as of Annual Report dated 10/31/2017
Management Fees 1.15
Other Expenses 0.19
Total Expenses (ex Interest and Fee Expense) 1.34
Interest and Fee Expense 0.75
Total Expenses 2.09
 

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.

About Risk: 

The value of investments held by the Trust may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. Loans are traded in a private, unregulated inter-dealer or inter-bank resale market and are generally subject to contractual restrictions that must be satisfied before a loan can be bought or sold. These restrictions may impede the Trust's ability to buy or sell loans (thus affecting their liquidity) and may negatively impact the transaction price. It may take longer than seven days for transactions in loans to settle. Due to the possibility of an extended loan settlement process, the Trust may have to sell other investments or engage in borrowing transactions to raise cash to meet its obligations. Loans may be structured such that they are not securities under securities law, and in the event of fraud or misrepresentation by a borrower, lenders may not have the protection of the anti-fraud provisions of the federal securities laws. Loans are also subject to risks associated with other types of income investments. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Borrowing to increase investments ("leverage") may exaggerate the effect of any increase or decrease in the value of Trust investments. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. As interest rates rise, the value of certain income investments is likely to decline. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. Changes in the value of investments entered for hedging purposes may not match those of the position being hedged. The Trust may engage in other investment practices that may involve additional risks.


Performance

Historical Returns (%) as of Sep 30, 2018

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.
 

Calendar Year Returns (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV -49.68 94.22 16.98 3.99 13.82 7.64 1.46 -2.58 18.13 6.78
Market Price -44.42 104.28 19.54 -5.24 19.04 0.86 -3.14 -2.79 27.11 3.85
 

Fund Facts

Performance Inception 11/28/2003
 

Distribution Rates1

as of Dec 06, 2018
Distribution Rate at NAV 5.60%
Distribution Rate at Market Price 6.28%
 

Distribution History3

Ex-Date Distribution Reinvest Price
Oct 23, 2018 $0.07000 $13.53
Sep 20, 2018 $0.07000 $14.12
Aug 23, 2018 $0.07000 $14.12
Jul 23, 2018 $0.07200 $14.29
Jun 21, 2018 $0.07200 $14.34
May 23, 2018 $0.07200 $14.64
Apr 20, 2018 $0.07300 $14.76
Mar 21, 2018 $0.07300 $14.80
Feb 20, 2018 $0.07300 $14.58
Dec 27, 2017 $0.07000 $14.34
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
 

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2017 $0.85 $0.00 $0.85 $0.00 $0.00 $0.85
2016 $0.93 $0.00 $0.93 $0.00 $0.00 $0.93
2015 $0.93 $0.01 $0.94 $0.00 $0.00 $0.94
2014 $0.91 $0.01 $0.92 $0.00 $0.00 $0.92
2013 $1.06 $0.00 $1.06 $0.00 $0.00 $1.06
2012 $1.06 $0.02 $1.08 $0.00 $0.00 $1.08
2011 $1.00 $0.00 $1.00 $0.00 $0.00 $1.00
2010 $1.08 $0.00 $1.08 $0.00 $0.00 $1.08
2009 $1.02 $0.00 $1.02 $0.00 $0.00 $1.02
2008 $1.11 $0.00 $1.11 $0.00 $0.09 $1.20
2007 $1.52 $0.00 $1.52 $0.00 $0.02 $1.54
2006 $1.56 $0.00 $1.56 $0.00 $0.00 $1.56
2005 $1.26 $0.00 $1.26 $0.00 $0.00 $1.26
Distributions (%)
2017 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2016 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2015 98.54% 1.46% 100.00% 0.00% 0.00% 100.00%
2014 99.38% 0.62% 100.00% 0.00% 0.00% 100.00%
2013 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2012 97.73% 2.27% 100.00% 0.00% 0.00% 100.00%
2011 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2010 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2009 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2008 92.08% 0.00% 92.08% 0.00% 7.92% 100.00%
2007 98.62% 0.00% 98.62% 0.00% 1.38% 100.00%
2006 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2005 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
This data reflects distributions paid on Fund shares held for the full calendar year and is not predictive of the tax character of current or future distributions. Fund shareholders should refer to the individual IRS Form 1099-DIVs provided to them shortly after each year-end to determine the appropriate federal income tax treatment of the distributions they receive. Eaton Vance is not responsible for any errors in tax reporting that may result from using the above data. Non-qualified ordinary dividends are subject to federal income tax at ordinary rates. Qualified dividends and capital gains distributions are taxable at long-term capital gains rates. Nondividend distributions, also known as return of capital distributions, are not subject to current federal income tax. Instead, the tax cost basis of each shareholder receiving a return of capital distribution is reduced by the amount of the distribution.

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.

About Risk: 

The value of investments held by the Trust may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. Loans are traded in a private, unregulated inter-dealer or inter-bank resale market and are generally subject to contractual restrictions that must be satisfied before a loan can be bought or sold. These restrictions may impede the Trust's ability to buy or sell loans (thus affecting their liquidity) and may negatively impact the transaction price. It may take longer than seven days for transactions in loans to settle. Due to the possibility of an extended loan settlement process, the Trust may have to sell other investments or engage in borrowing transactions to raise cash to meet its obligations. Loans may be structured such that they are not securities under securities law, and in the event of fraud or misrepresentation by a borrower, lenders may not have the protection of the anti-fraud provisions of the federal securities laws. Loans are also subject to risks associated with other types of income investments. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Borrowing to increase investments ("leverage") may exaggerate the effect of any increase or decrease in the value of Trust investments. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. As interest rates rise, the value of certain income investments is likely to decline. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. Changes in the value of investments entered for hedging purposes may not match those of the position being hedged. The Trust may engage in other investment practices that may involve additional risks.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.


Portfolio

Fund Holdings4,5,6 as of Oct 31, 2018

Holding Coupon Rate Maturity Date % of Net Assets
EV Cash Reserves Fund LLC 0.00% 2.40%
Univision Communications Inc. 5.05% 03/15/2024 1.46%
JBS USA, LLC 4.84% 10/30/2022 1.21%
Virgin Media 4.78% 01/15/2026 1.19%
PPD 4.80% 08/18/2022 1.16%
Change Healthcare 5.05% 03/01/2024 1.12%
Valeant Pharmaceuticals International, Inc. 5.27% 06/01/2025 1.09%
TransDigm, Inc. 4.80% 06/09/2023 1.06%
Infor Lawson 5.14% 02/01/2022 1.03%
Kronos Incorporated 5.54% 11/01/2023 1.02%
View All

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.

About Risk: 

The value of investments held by the Trust may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. Loans are traded in a private, unregulated inter-dealer or inter-bank resale market and are generally subject to contractual restrictions that must be satisfied before a loan can be bought or sold. These restrictions may impede the Trust's ability to buy or sell loans (thus affecting their liquidity) and may negatively impact the transaction price. It may take longer than seven days for transactions in loans to settle. Due to the possibility of an extended loan settlement process, the Trust may have to sell other investments or engage in borrowing transactions to raise cash to meet its obligations. Loans may be structured such that they are not securities under securities law, and in the event of fraud or misrepresentation by a borrower, lenders may not have the protection of the anti-fraud provisions of the federal securities laws. Loans are also subject to risks associated with other types of income investments. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Borrowing to increase investments ("leverage") may exaggerate the effect of any increase or decrease in the value of Trust investments. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. As interest rates rise, the value of certain income investments is likely to decline. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. Changes in the value of investments entered for hedging purposes may not match those of the position being hedged. The Trust may engage in other investment practices that may involve additional risks.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.


Management

Scott H. Page, CFA

Scott H. Page, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1989

Biography

Scott Page is a vice president of Eaton Vance Management, co-director of bank loans and portfolio manager on Eaton Vance’s floating-rate loan team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's floating-rate loan strategies. He joined Eaton Vance in 1989.

Scott began his career in the investment management industry in 1981. Before joining Eaton Vance, he was affiliated with the Dartmouth College Investment Office, as well as Citicorp and Chase Manhattan Bank in corporate finance/lending and credit review.

Scott earned a B.A. from Williams College and an MBA from the Amos Tuck School at Dartmouth College. He has served as a member of the board of directors of the LSTA (Loan Syndications and Trading Association). He is a CFA charterholder.

Scott co-authored "An Overview of the Loan Market" in the Handbook of Loan Syndications and Trading (2007). His commentary has appeared in Bloomberg, Business Week, Dow Jones Investment Advisor, Forbes, Investor's Business Daily, SmartMoney, Kiplinger's, USA Today and The Wall Street Journal, and he has been featured on CNBC.

Education
  • B.A. Williams College
  • M.B.A. Amos Tuck School of Business Administration, Dartmouth College

Experience
  • Managed Fund since inception

 
Craig P. Russ

Craig P. Russ

Vice President, Eaton Vance Management
Joined Eaton Vance 1997

Biography

Craig Russ is a vice president of Eaton Vance Management, co-director of bank loans and portfolio manager on Eaton Vance’s floating-rate loan team. He is responsible for buy and sell decisions and portfolio construction for the firm’s floating-rate loan strategies. He joined Eaton Vance in 1997.

Craig began his career in the investment management industry in 1985. Before joining Eaton Vance, he worked in commercial lending at State Street Bank.

Craig earned a B.A., cum laude, from Middlebury College and studied at the London School of Economics. He previously served as chairman of the board of directors of the Loan Syndications and Trading Association (LSTA). His commentary has appeared in Bloomberg, Grant’s Interest Rate Observer and The Wall Street Journal.

Education
  • B.A. Middlebury College

Experience
  • Managed Fund since inception

 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2018

Commentary

Download - Last updated: Sep 30, 2018

Annual Report

Download - Last updated: Oct 31, 2017

Floating-Rate Loan Chart Book

Download - Last updated: Sep 30, 2018

Prospectus

Download - Last updated: Feb 27, 2018

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Download

Information Concerning APS Auctions and Dividend Rates

Download - Last updated: Dec 6, 2018

Auction Preferred Shares Market Update

Download - Last updated: Oct 1, 2018

Morningstar EFR Fact Sheet

Download

UNII Report

Download - Last updated: Oct 31, 2018

UNII Report

Download - Last updated: Sep 30, 2018

UNII Report

Download - Last updated: Aug 31, 2018

UNII Report

Download - Last updated: Jul 31, 2018

UNII Report

Download - Last updated: Jun 30, 2018

UNII Report

Download - Last updated: May 31, 2018

UNII Report

Download - Last updated: Apr 30, 2018

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Download - Last updated: Nov 15, 2013

Moody's Downgrades

Download - Last updated: Jul 17, 2012

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Dec 3, 2018

Distribution Dates and Amounts Annouced for Eaton Vance Closed-End Funds

Download - Last updated: Nov 1, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Oct 1, 2018

Eaton Vance Senior Floating-Rate Trust Announces Final Revised Results of Auction Preferred Shares Tender Offer

Download - Last updated: Sep 17, 2018

Eaton Vance Closed-End Funds Announce Final Results of Auction Preferred Shares Tender Offers

Download - Last updated: Sep 14, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 4, 2018

Eaton Vance Closed-End Funds Announce Tender Offers For Outstanding Auction Preferred Shares

Download - Last updated: Aug 16, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End FUnds

Download - Last updated: Aug 1, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jul 2, 2018

Eaton Vance Closed-End Funds Announce Tender Offers for Outstanding Auction Preferred Shares

Download - Last updated: Jun 29, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 1, 2018

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: May 1, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Apr 2, 2018

UNII Report

Download - Last updated: Mar 31, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Mar 1, 2018

UNII Report

Download - Last updated: Feb 28, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Feb 1, 2018

Eaton Vance Management Announces Portfolio Managers of Eaton Vance Senior Floating-Rate Trust

Download - Last updated: Jan 31, 2018

UNII Report

Download - Last updated: Jan 31, 2018

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Dec 31, 2017

Eaton Vance Declares Early Monthly Distributions for Certain Eaton Vance Closed-End Funds

Download - Last updated: Dec 18, 2017

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Dec 1, 2017

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: Nov 1, 2017

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Oct 2, 2017

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 1, 2017

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Aug 1, 2017

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jul 3, 2017

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 1, 2017

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: May 1, 2017

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Apr 3, 2017

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Mar 1, 2017

Distributions Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Feb 1, 2017

Eaton Vance Declares Early Monthly Distributions for Certain Eaton Vance Closed-End Funds

Download - Last updated: Dec 19, 2016

Eaton Vance Bank Loan Closed-End Funds Announce Final Results of Auction Preferred Shares Tender Offers

Download - Last updated: Sep 23, 2016

Eaton Vance Bank Loan Closed-End Funds Announce Tender Offers for Outstanding Auction Preferred Shares

Download - Last updated: Aug 25, 2016

Eaton Vance Bank Loan Closed End Funds Announce Tender Offers for Outstanding Auction Preferred Shares

Download - Last updated: Jun 30, 2016

Eaton Vance Floating-Rate Income Trust, Eaton Vance Senior Floating-Rate Trust & Eaton Vance Senior Income Trust Approve Change in Investment Policies

Download - Last updated: May 20, 2011

SAI

Download - Last updated: Feb 27, 2018

Section 16 Filings - www.sec.gov

Download - Last updated: Jun 30, 2011

Semi-Annual Report

Download - Last updated: Apr 30, 2018