Eaton Vance Float-Rate 2022 Target Term
Name
As of 10/28/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$205 M
Holdings in Top 10
10.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 10/28/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XEFLX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.31%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameEaton Vance Float-Rate 2022 Target Term
-
Fund Family NameEaton Vance
-
Inception DateJul 31, 2017
-
Shares Outstanding23669994
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCraig Russ
Fund Description
XEFLX - Performance
Return Ranking - Trailing
Period | XEFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.7% | 9.5% | 40.34% |
1 Yr | N/A | -13.2% | 9.0% | 8.81% |
3 Yr | N/A* | -6.7% | 58.6% | 67.75% |
5 Yr | N/A* | -8.5% | 29.6% | 65.88% |
10 Yr | N/A* | -5.3% | 13.8% | N/A |
* Annualized
Return Ranking - Calendar
Period | XEFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.9% | 5.1% | 37.85% |
2022 | 1.0% | -6.3% | 5.4% | 51.09% |
2021 | -3.3% | -4.9% | 57.4% | 68.94% |
2020 | 5.1% | -2.1% | 2.4% | 2.34% |
2019 | -7.2% | -2.6% | 0.6% | 95.51% |
Total Return Ranking - Trailing
Period | XEFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.7% | 8.7% | 40.34% |
1 Yr | N/A | -13.2% | 1.5% | 6.46% |
3 Yr | N/A* | -6.7% | 58.6% | 67.39% |
5 Yr | N/A* | -8.5% | 29.6% | 69.69% |
10 Yr | N/A* | -5.3% | 13.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | XEFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.9% | 5.1% | 34.38% |
2022 | 1.0% | -6.3% | 5.4% | 97.10% |
2021 | -3.3% | -4.9% | 57.4% | 86.36% |
2020 | 7.6% | -2.1% | 2.6% | 54.69% |
2019 | -2.1% | -2.6% | 0.6% | 94.69% |
NAV & Total Return History
XEFLX - Holdings
Concentration Analysis
XEFLX | Category Low | Category High | XEFLX % Rank | |
---|---|---|---|---|
Net Assets | 205 M | 26.3 M | 13.1 B | 77.46% |
Number of Holdings | 404 | 12 | 1447 | 47.20% |
Net Assets in Top 10 | 29.9 M | -191 M | 2.54 B | 82.17% |
Weighting of Top 10 | 10.90% | 4.6% | 89.7% | 67.38% |
Top 10 Holdings
- Hyland Software, Inc. 1.32%
- Epicor 1.26%
- Applied Systems, Inc. 1.23%
- BMC Software 1.12%
- Virgin Media 1.11%
- TransDigm, Inc. 1.02%
- PactivEvergreen (Reynolds Group) 1.02%
- RealPage, Inc 0.98%
- Tibco Software Inc. 0.95%
- CenturyLink, Inc. 0.95%
Asset Allocation
Weighting | Return Low | Return High | XEFLX % Rank | |
---|---|---|---|---|
Bonds | 97.15% | 28.71% | 161.82% | 21.33% |
Cash | 2.84% | -61.90% | 53.95% | 75.87% |
Stocks | 0.00% | 0.00% | 51.23% | 94.06% |
Preferred Stocks | 0.00% | -3.99% | 1.54% | 78.67% |
Other | 0.00% | -54.21% | 26.58% | 83.57% |
Convertible Bonds | 0.00% | 0.00% | 5.51% | 85.26% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XEFLX % Rank | |
---|---|---|---|---|
Corporate | 97.16% | 0.00% | 141.23% | 13.33% |
Cash & Equivalents | 2.84% | 0.00% | 54.60% | 77.27% |
Derivative | 0.00% | 0.00% | 7.03% | 81.47% |
Securitized | 0.00% | 0.00% | 91.68% | 87.37% |
Municipal | 0.00% | 0.00% | 0.47% | 73.68% |
Government | 0.00% | 0.00% | 3.18% | 82.46% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XEFLX % Rank | |
---|---|---|---|---|
US | 89.59% | 14.05% | 128.23% | 14.34% |
Non US | 7.56% | 0.00% | 84.20% | 74.48% |
XEFLX - Expenses
Operational Fees
XEFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.00% | 0.01% | 15.84% | 17.61% |
Management Fee | N/A | 0.00% | 1.89% | N/A |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
XEFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 3.00% | N/A |
Trading Fees
XEFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XEFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 33.00% | 4.00% | 215.00% | 18.68% |
XEFLX - Distributions
Dividend Yield Analysis
XEFLX | Category Low | Category High | XEFLX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.25% | 98.65% |
Dividend Distribution Analysis
XEFLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
XEFLX | Category Low | Category High | XEFLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.31% | 1.56% | 10.22% | 19.08% |
Capital Gain Distribution Analysis
XEFLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 20, 2019 | $0.046 | OrdinaryDividend |
May 20, 2019 | $0.046 | OrdinaryDividend |
Apr 18, 2019 | $0.046 | OrdinaryDividend |
Mar 18, 2019 | $0.046 | OrdinaryDividend |
Feb 19, 2019 | $0.045 | OrdinaryDividend |
Jan 10, 2019 | $0.044 | OrdinaryDividend |
Dec 20, 2018 | $0.044 | OrdinaryDividend |
Nov 19, 2018 | $0.044 | OrdinaryDividend |
Oct 18, 2018 | $0.043 | OrdinaryDividend |
Sep 21, 2018 | $0.043 | OrdinaryDividend |
Aug 20, 2018 | $0.043 | OrdinaryDividend |
Jul 19, 2018 | $0.043 | OrdinaryDividend |
Jun 18, 2018 | $0.042 | OrdinaryDividend |
May 18, 2018 | $0.041 | OrdinaryDividend |
Apr 19, 2018 | $0.042 | OrdinaryDividend |
Mar 19, 2018 | $0.042 | OrdinaryDividend |
Feb 20, 2018 | $0.041 | OrdinaryDividend |
Jan 10, 2018 | $0.040 | OrdinaryDividend |
Dec 18, 2017 | $0.039 | OrdinaryDividend |
Nov 20, 2017 | $0.040 | OrdinaryDividend |
Oct 19, 2017 | $0.040 | OrdinaryDividend |
Sep 29, 2017 | $0.040 | OrdinaryDividend |
XEFLX - Fund Manager Analysis
Managers
Craig Russ
Start Date
Tenure
Tenure Rank
Jul 31, 2017
4.84
4.8%
Craig Russ is vice president of CRM. Craig earned a B.A., cum laude, from Middlebury College in 1985 and studied at the London School of Economics and Political Science. He is a member of the board of directors of the Loan Syndications and Trading Association (LSTA).
Catherine McDermott
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Ms. McDermott is a Vice President of CRM, has been employed by the Eaton Vance organization for more than five years, has served as portfolio manager of the Fund since April 2018 and also manages other funds. Catherine earned her B.S. from Boston College.
Andrew Sveen
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Andrew Sveen 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 1999. Andrew began his career in the investment management industry in 1995. Previously at Eaton Vance, he was director of loan trading and capital markets. Before joining Eaton Vance, he worked as a corporate lending officer at State Street Bank. Andrew earned a B.A. from Dartmouth College and an MBA from the William E. Simon School at the University of Rochester. He is a CFA charterholder. Andrew serves as a member of the board of directors of the Loan Syndications and Trading Association (LSTA). His commentary has appeared in Bloomberg, Financial Times and Reuters.
Daniel McElaney
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 23.43 | 6.07 | 3.25 |