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Upturn AI SWOT - About
Eaton Vance Floating Rate Income Closed Fund (EFT)
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Upturn Advisory Summary
06/27/2025: EFT (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $
1 Year Target Price $
| 0 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/27/2025 |
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 |
Analyst Ratings
Rating 3 | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Eaton Vance Floating Rate Income Closed Fund
Company Overview
History and Background
Eaton Vance Floating Rate Income Closed Fund (EFT) was founded to provide investors with current income by investing primarily in floating-rate loans and other floating-rate debt instruments. Specific founding year and milestones would require accessing specific historical fund documentation.
Core Business Areas
- Investment Management: Manages a portfolio of floating-rate loans and debt instruments to generate income for investors.
Leadership and Structure
Eaton Vance is the investment advisor. Details about the specific leadership team managing the fund's portfolio would need direct access to fund documentation. Morgan Stanley Investment Management completed its acquisition of Eaton Vance on March 1, 2021.
Top Products and Market Share
Key Offerings
- Floating Rate Income Fund: EFT is a closed-end fund that seeks to provide high current income by investing in floating rate instruments. Market share data for closed-end funds is not readily available in the same manner as open-end mutual funds. Competitors include other closed-end funds specializing in floating rate debt like BlackRock Floating Rate Income Trust (BGT) and Invesco Senior Income Trust (VVR).
Market Dynamics
Industry Overview
The closed-end fund industry is competitive, with numerous funds vying for investor capital. Performance is heavily influenced by interest rate environments and credit quality.
Positioning
EFT is positioned as a vehicle for investors seeking income in a potentially rising interest rate environment due to its focus on floating-rate loans. Its competitive advantage depends on its portfolio management team's ability to select high-quality loans.
Total Addressable Market (TAM)
The TAM for floating rate debt funds is substantial, potentially billions of dollars, varying on interest rates and investor sentiment. EFT's market position will depend on it being able to provide a competitive return.
Upturn SWOT Analysis
Strengths
- Potential for higher income in a rising interest rate environment
- Diversification across a portfolio of floating-rate loans
- Experienced investment management team
Weaknesses
- Closed-end fund structure can lead to trading at a discount to NAV
- Exposure to credit risk of underlying borrowers
- Sensitivity to changes in interest rate spreads
Opportunities
- Growing demand for income-generating investments
- Potential for increased allocation to floating-rate assets
- Expansion into new areas of floating-rate debt
Threats
- Increased competition from other income-oriented investments
- Economic downturn leading to higher default rates
- Changes in interest rate policy
Competitors and Market Share
Key Competitors
- BGT
- VVR
- OPP
- JFR
Competitive Landscape
EFT's advantages include its investment strategy and management team. Disadvantages include the risks inherent in investing in floating-rate loans and the closed-end fund structure. Compared to competitors, performance will vary based on portfolio composition and management expertise.
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends require accessing past performance data.
Future Projections: Future projections require access to analyst reports, which are not available here.
Recent Initiatives: Recent initiatives require following fund announcements and filings.
Summary
Eaton Vance Floating Rate Income Closed Fund is a closed-end fund focused on floating-rate debt to provide income. Its performance is highly dependent on the interest rate environment and the credit quality of its holdings. The closed-end fund structure can lead to trading discounts or premiums to NAV. Investors should monitor interest rate risks and credit risks. They should look out for competitors with a better return.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Fund Fact Sheets
- Financial News Outlets
- Company Filings (SEC)
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise. Financial data requires consulting the fund's reports.
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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