Eaton Vance Floating-Rate Income Trust
EFT
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Payson F. Swaffield
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Two International Place Boston MA United States of America 02110
- IPO Date
- Jul 26, 2004
- CIK
- 0001288992
- Website
- funds.eatonvance.com
- Similar Companies
- Business
- Eaton Vance Floating-Rate Income Trust (EFT) is a closed-end management investment trust that seeks a high level of current income with a secondary objective of capital appreciation. The Trust invests primarily in floating-rate loans and other floating-rate debt securities issued by U.S. and foreign companies; these include senior loans, second lien loans, and other floating-rate debt instruments such as bonds, notes, and debentures, with exposure to various sectors including technology, healthcare, and consumer services. It may also allocate to high-yield bonds, investment-grade debt, and derivatives for hedging or income enhancement, targeting institutional and retail investors seeking income from leveraged loan portfolios. The Trust operates globally with investments in loans from companies based in the United States, Europe, and emerging markets. Eaton Vance Floating-Rate Income Trust was established in 2004 and is managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management, with its headquarters in Boston, Massachusetts. In recent developments, the Trust announced a strategic share repurchase program in 2024 to enhance shareholder value amid market volatility; it also benefited from the integration of Eaton Vance into Morgan Stanley following the 2021 acquisition, leading to expanded distribution capabilities and portfolio optimization initiatives. No major acquisitions or name changes have occurred in the last two years, though the fund adjusted its portfolio weightings toward higher-quality floating-rate loans in response to interest rate shifts.