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EFT
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Eaton Vance Floating Rate Income Closed Fund (EFT)

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$12.11
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

08/28/2025: EFT (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit 17.93%
Avg. Invested days 75
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 326.59M USD
Price to earnings Ratio 8.58
1Y Target Price -
Price to earnings Ratio 8.58
1Y Target Price -
Volume (30-day avg) -
Beta 0.46
52 Weeks Range 10.44 - 13.88
Updated Date 06/29/2025
52 Weeks Range 10.44 - 13.88
Updated Date 06/29/2025
Dividends yield (FY) 9.13%
Basic EPS (TTM) 1.44

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 70.66%
Operating Margin (TTM) 90.92%

Management Effectiveness

Return on Assets (TTM) 5.36%
Return on Equity (TTM) 10.97%

Valuation

Trailing PE 8.58
Forward PE -
Enterprise Value 523186496
Price to Sales(TTM) 6.06
Enterprise Value 523186496
Price to Sales(TTM) 6.06
Enterprise Value to Revenue 11.51
Enterprise Value to EBITDA -
Shares Outstanding 26444900
Shares Floating -
Shares Outstanding 26444900
Shares Floating -
Percent Insiders -
Percent Institutions 29.77

ai summary icon Upturn AI SWOT

Eaton Vance Floating Rate Income Closed Fund

stock logo

Company Overview

overview logo History and Background

Eaton Vance Floating Rate Income Closed Fund (EFR) was established to provide current income by investing in floating rate loans and other investments.

business area logo Core Business Areas

  • Closed-End Fund Management: Management and investment of a portfolio of floating rate loans and debt instruments.

leadership logo Leadership and Structure

Leadership typically consists of a board of directors and a management team responsible for portfolio selection and overall fund strategy. Organizational structure is aligned with Eaton Vance's larger asset management framework, now part of Morgan Stanley Investment Management.

Top Products and Market Share

overview logo Key Offerings

  • Floating Rate Income Fund: EFR focuses on generating income through investments in floating rate loans. This segment attracts investors seeking higher yields compared to traditional fixed-income investments. Competitors include other closed-end funds focused on floating-rate debt, and open-end mutual funds holding similar assets.

Market Dynamics

industry overview logo Industry Overview

The floating rate loan market is influenced by interest rate environments. Floating rate loans tend to perform better during periods of rising interest rates. Market is competitive with many players and complex

Positioning

EFR positions itself as a provider of income through floating rate investments. The fund competes with other closed-end and open-end funds, as well as individual loan investments.

Total Addressable Market (TAM)

TAM for leveraged loans and floating rate debt is substantial, estimated in the trillions of dollars globally. EFR's position within this TAM is a small, but actively managed, niche offering.

Upturn SWOT Analysis

Strengths

  • Experienced Management Team
  • Consistent Income Generation
  • Diversified Portfolio

Weaknesses

  • Sensitivity to Interest Rate Changes
  • Leverage Risk
  • Management Fees

Opportunities

  • Rising Interest Rate Environment
  • Increased Investor Demand for Income
  • Strategic Acquisitions

Threats

  • Economic Recession
  • Increased Competition
  • Regulatory Changes

Competitors and Market Share

competitor logo Key Competitors

  • OPP
  • AIF
  • MSD

Competitive Landscape

EFR is a closed-end fund and has the benefit of a static capital base. Key factor is management expertise in credit selection and risk management.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been dependent on interest rates and the performance of the underlying loans. Growth is also related to investors seeking high yield.

Future Projections: Future growth prospects depend on the fund's ability to source attractive investment opportunities and manage risk effectively.

Recent Initiatives: Recent initiatives may include portfolio rebalancing and adjustments to the fund's leverage strategy.

Summary

Eaton Vance Floating Rate Income Closed Fund (EFR) is focused on providing current income by investing in floating rate loans and debt instruments, which makes its performance strongly related to interest rates. The closed-end fund is sensitive to leverage risk and economic downturns, which impact portfolio credit performance. In general, the company is strong and is working well as long as interest rates are high and investors want to invest in high yield, however it needs to look out for possible rate cuts that may hurt its income.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Financial News Outlets
  • Market Data Providers

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Eaton Vance Floating Rate Income Closed Fund

Exchange NYSE
Headquaters Boston, MA, United States
IPO Launch date 2004-07-26
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. Eaton Vance Floating-Rate Income Trust was formed on June 29, 2004 and is domiciled in the United States.