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Eaton Vance Floating Rate Income Closed Fund (EFT)



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Upturn Advisory Summary
08/28/2025: EFT (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 17.93% | Avg. Invested days 75 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 |
Upturn AI SWOT
Eaton Vance Floating Rate Income Closed Fund
Company Overview
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.
Core Business Areas
- Closed-End Fund Management: Management and investment of a portfolio of floating rate loans and debt instruments.
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
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.

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