XEFLX: Eaton Vance Float-Rate 2022 Target Term

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XEFLX Eaton Vance Float-Rate 2022 Target Term


Profile

XEFLX - Profile

Vitals

  • YTD Return -8.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $203 M
  • Holdings in Top 10 9.5%

52 WEEK LOW AND HIGH

$8.67
$6.79
$9.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.37%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return -8.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Eaton Vance Float-Rate 2022 Target Term
  • Fund Family Name
    Eaton Vance Management
  • Inception Date
    Jul 31, 2017
  • Shares Outstanding
    23611740
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Craig Russ

Fund Description

N/A


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Categories

Performance

XEFLX - Performance

Return Ranking - Trailing

Period XEFLX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.8% -18.0% 0.0% 30.00%
1 Yr -8.5% -21.9% 4.1% 30.00%
3 Yr N/A* -12.8% 0.2% N/A
5 Yr N/A* -9.1% 1.4% N/A
10 Yr N/A* -2.8% -0.6% N/A

* Annualized

Return Ranking - Calendar

Period XEFLX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -4.9% 7.5% 5.26%
2018 -7.2% -18.4% 5.5% 78.95%
2017 N/A -4.2% 3.7% N/A
2016 N/A -65.0% 18.1% N/A
2015 N/A -22.0% -0.3% N/A

Total Return Ranking - Trailing

Period XEFLX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.8% -18.0% 0.0% 30.00%
1 Yr -8.5% -21.9% 4.1% 30.00%
3 Yr N/A* -12.8% 0.2% N/A
5 Yr N/A* -9.1% 3.9% N/A
10 Yr N/A* -2.8% -0.6% N/A

* Annualized

Total Return Ranking - Calendar

Period XEFLX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -4.9% 7.5% 5.26%
2018 -7.2% -18.4% 5.5% 78.95%
2017 N/A -4.2% 3.7% N/A
2016 N/A -65.0% 18.1% N/A
2015 N/A -22.0% 4.8% N/A

NAV & Total Return History


Holdings

XEFLX - Holdings

Concentration Analysis

XEFLX Category Low Category High XEFLX % Rank
Net Assets 203 M 47.4 M 1.3 B 68.57%
Number of Holdings 430 54 740 27.78%
Net Assets in Top 10 28.8 M -208 M 609 M 61.11%
Weighting of Top 10 9.52% 7.3% 94.9% 80.00%

Top 10 Holdings

  1. Reynolds Group Holdings Inc. 1.39%
  2. Virgin Media 0.97%
  3. PPD 0.95%
  4. Live Nation Entertainment, Inc. 0.92%
  5. ADS Waste 0.91%
  6. Four Seasons Hotels Limited 0.90%
  7. Endo Luxembourg Finance Company I S.a r.l. 0.89%
  8. Hyland Software, Inc. 0.88%
  9. CenturyLink, Inc. 0.87%
  10. TransDigm, Inc. 0.85%

Asset Allocation

Weighting Return Low Return High XEFLX % Rank
Bonds
96.91% 44.30% 145.92% 42.86%
Cash
3.09% -45.93% 39.11% 69.44%
Stocks
0.00% -14.93% 5.52% 83.33%
Preferred Stocks
0.00% 0.00% 18.91% 58.33%
Other
0.00% -4.39% 10.44% 80.56%
Convertible Bonds
0.00% 0.00% 7.48% 63.89%

Bond Sector Breakdown

Weighting Return Low Return High XEFLX % Rank
Corporate
96.91% 53.88% 100.00% 27.78%
Cash & Equivalents
3.09% 0.00% 38.95% 66.67%
Derivative
0.00% 0.00% 0.01% 50.00%
Securitized
0.00% 0.00% 30.10% 66.67%
Municipal
0.00% 0.00% 0.26% 52.78%
Government
0.00% 0.00% 3.28% 58.33%

Bond Geographic Breakdown

Weighting Return Low Return High XEFLX % Rank
US
84.43% 0.00% 139.44% 38.89%
Non US
12.48% 0.00% 68.87% 77.78%

Expenses

XEFLX - Expenses

Operational Fees

XEFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.37% 0.73% 10.93% 45.00%
Management Fee N/A 0.00% 1.73% N/A
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.08% 0.25% 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% 1.00% N/A

Trading Fees

XEFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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 22.00% 11.70% 122.00% 18.42%

Distributions

XEFLX - Distributions

Dividend Yield Analysis

XEFLX Category Low Category High XEFLX % Rank
Dividend Yield 0.00% 0.00% 2.00% 70.21%

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 5.25% 3.42% 9.15% 52.50%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

XEFLX - Fund Manager Analysis

Managers

Craig Russ


Start Date

Tenure

Tenure Rank

Jul 31, 2017

2.92

2.9%

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).

Scott Page


Start Date

Tenure

Tenure Rank

Jul 31, 2017

2.92

2.9%

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.

Catherine McDermott


Start Date

Tenure

Tenure Rank

Mar 01, 2019

1.33

1.3%

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

1.33

1.3%

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.

William Holt


Start Date

Tenure

Tenure Rank

Mar 01, 2019

1.33

1.3%

Daniel McElaney


Start Date

Tenure

Tenure Rank

Mar 01, 2019

1.33

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 25.19 6.06 0.41