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EBFAX Eaton Vance Floating-Rate Advantage B

  • Fund
  • EBFAX
  • Price as of: May 22, 2019
  • $10.82 - $0.00 - 0.00%
  • Category
  • Bank Loan

EBFAX - Profile

Vitals

  • YTD Return 3.7%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $8.57 B
  • Holdings in Top 10 7.5%

52 WEEK LOW AND HIGH

$10.82
$10.42
$11.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.75%

SALES FEES

  • Front Load N/A
  • Deferred Load 3.00%

BROKERAGE FEES

  • Turnover 29.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 03, 2012

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.13%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Eaton Vance Floating-Rate Advantage Fund
  • Fund Family Name Eaton Vance
  • Inception Date Aug 04, 1989
  • Shares Outstanding 117281
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Scott H. Page

EBFAX - Performance

Return Ranking - Trailing

Period EBFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% 0.0% 4.2% 17.62%
1 Yr -1.4% -3.5% 1.1% 36.70%
3 Yr 1.2%* -1.1% 3.1% 4.97%
5 Yr -0.6%* -3.0% -0.3% 15.73%
10 Yr 2.7%* -0.1% 2.8% 1.27%

* Annualized


Return Ranking - Calendar

Period EBFAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -6.4% 0.0% 34.04%
2017 0.6% -2.7% 2.8% 15.68%
2016 7.2% -0.4% 7.9% 11.67%
2015 -6.4% -10.4% -1.0% 73.60%
2014 -3.7% -6.9% -1.7% 67.61%

Total Return Ranking - Trailing

Period EBFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% 0.0% 4.4% 22.80%
1 Yr -1.4% -3.0% 2.4% 45.74%
3 Yr 1.2%* -0.6% 6.2% 19.34%
5 Yr -0.6%* -2.3% 3.6% 28.65%
10 Yr 2.7%* -0.1% 5.2% 6.33%

* Annualized


Total Return Ranking - Calendar

Period EBFAX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -6.4% 0.7% 44.68%
2017 0.6% -1.6% 7.2% 26.49%
2016 7.2% 1.6% 11.5% 20.00%
2015 -6.4% -8.8% 1.6% 82.02%
2014 -3.7% -6.9% 2.4% 76.14%

NAV & Total Return History

EBFAX - Holdings

Concentration Analysis

EBFAX Category Low Category High EBFAX % Rank
Net Assets 8.57 B 66.1 M 12.7 B 8.81%
Number of Holdings 766 94 1862 6.74%
Net Assets in Top 10 842 M 10.3 M 1.74 B 10.36%
Weighting of Top 10 7.48% 5.3% 81.0% 80.31%

Top 10 Holdings

  1. Infor Lawson 0.91%

  2. Jbs Usa Lux S.A. 0.85%

  3. Ppd 0.82%

  4. Centurylink, Inc. 0.79%

  5. Kronos Incorporated 0.76%

  6. Valeant (Bausch) 0.75%

  7. Restaurant Brands International 0.70%

  8. Solarwinds Holdings, Inc. 0.65%

  9. Reynolds Consumer Products 0.63%

  10. Virgin Media 0.63%


Asset Allocation

Weighting Return Low Return High EBFAX % Rank
Bonds
97.18% 85.10% 100.55% 8.81%
Cash
2.30% -1.72% 11.50% 77.72%
Stocks
0.50% 0.00% 3.84% 34.20%
Other
0.02% -1.82% 9.21% 45.60%
Preferred Stocks
0.00% 0.00% 0.31% 31.09%
Convertible Bonds
0.00% 0.00% 4.55% 36.27%

Stock Sector Breakdown

Weighting Return Low Return High EBFAX % Rank
Financial Services
0.33% 0.00% 0.33% 0.59%
Consumer Cyclical
0.05% 0.00% 0.73% 33.53%
Utilities
0.00% 0.00% 0.44% 33.53%
Technology
0.00% 0.00% 0.06% 14.71%
Real Estate
0.00% 0.00% 0.15% 20.00%
Industrials
0.00% 0.00% 0.45% 44.12%
Healthcare
0.00% 0.00% 0.09% 16.47%
Energy
0.00% 0.00% 0.53% 31.76%
Communication Services
0.00% 0.00% 0.02% 19.41%
Consumer Defense
0.00% 0.00% 0.05% 20.00%
Basic Materials
0.00% 0.00% 2.29% 35.88%

Stock Geographic Breakdown

Weighting Return Low Return High EBFAX % Rank
US
0.50% 0.00% 3.84% 34.20%
Non US
0.00% 0.00% 0.53% 33.16%

Bond Sector Breakdown

Weighting Return Low Return High EBFAX % Rank
Corporate
94.81% 44.81% 98.54% 39.38%
Securitized
2.32% 0.00% 39.66% 19.17%
Cash & Equivalents
2.30% -1.90% 11.50% 77.72%
Derivative
0.00% -0.10% 9.07% 21.24%
Municipal
0.00% 0.00% 0.15% 13.99%
Government
0.00% 0.00% 8.58% 24.35%

Bond Geographic Breakdown

Weighting Return Low Return High EBFAX % Rank
US
79.24% 33.98% 97.95% 55.96%
Non US
17.94% 0.00% 56.13% 34.72%

EBFAX - Expenses

Operational Fees

EBFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.75% 0.01% 2.99% 19.17%
Management Fee 0.57% 0.00% 1.00% 32.12%
12b-1 Fee 0.60% 0.00% 1.00% 65.19%
Administrative Fee 0.10% 0.03% 0.40% 36.19%

Sales Fees

EBFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 4.75% N/A
Deferred Load 3.00% 1.00% 5.00% 8.16%

Trading Fees

EBFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover 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.

EBFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 12.00% 163.00% 6.74%

EBFAX - Distributions

Dividend Yield Analysis

EBFAX Category Low Category High EBFAX % Rank
Dividend Yield 1.58% 0.00% 2.10% 16.58%

Dividend Distribution Analysis

EBFAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

EBFAX Category Low Category High EBFAX % Rank
Net Income Ratio 4.13% 2.34% 5.70% 46.63%

Capital Gain Distribution Analysis

EBFAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

EBFAX - Managers

Scott H. Page

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 1996

22.68

22.7%

Scott Page is a vice president of CRM.Scott earned a B.A. from Williams College in 1981 and an M.B.A. from the Amos Tuck School of Dartmouth College in 1987.


Craig P. Russ

Manager

Start Date

Tenure

Tenure Rank

Nov 07, 2007

11.48

11.5%

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).


Andrew N. Sveen

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2019

0.16

0.2%

Andrew N. Sveen, CFA, is a Vice President, Director of Bank Loan Trading and a Portfolio Manager. Mr. Sveen has been a member of Eaton Vance’s Bank Loan Team since joining Eaton Vance in 1999.


Tenure Analysis

Category Low

0.08

Category High

22.68

Category Average

5.86

Category Mode

1.59