Eaton Vance Floating-Rate ETF
EVLN
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Two International Place Boston MA United States of America 2110
- IPO Date
- Feb 8, 2024
- Website
- eatonvance.com
- Similar Companies
- Business
- Morgan Stanley ETF Trust - Eaton Vance Floating-Rate ETF (EVLN) is an actively managed exchange-traded fund that seeks to provide a high level of current income through investments in floating-rate credit instruments, including primarily floating-rate loans, collateralized loan obligation (CLO) debt securities, high yield bonds, and securitized bonds. The fund maintains a diversified portfolio of 300-400 issues across 250-350 issuers, with at least 80% allocated to below-investment-grade floating-rate credit investments rated below BBB- by S&P or Baa3 by Moody's; it employs bottom-up credit research and risk management processes leveraging Eaton Vance's expertise as a loan market pioneer since 1989. EVLN distributes income monthly, features a net expense ratio of 0.60%, and benchmarks performance against the Morningstar LSTA US Leveraged Loan Index. EVLN operates within the leveraged credit segment of the global fixed income market, targeting institutional and retail investors seeking high yields with low interest-rate sensitivity, near-zero duration (approximately 0.24 years), and diversification from traditional bonds. Assets under management stand at approximately $1.48 billion, with holdings concentrated in bank loans (around 80%), asset-backed securities, and corporate debt across U.S. and select international issuers. The fund trades on the NYSE Arca exchange and is domiciled in the United States. Launched on February 6, 2024, by Morgan Stanley Investment Management Inc., which serves as the investment adviser under the Eaton Vance brand (part of Morgan Stanley Investment Management), EVLN represents a strategic expansion of Eaton Vance's flagship floating-rate loan strategies into the ETF structure for enhanced liquidity, transparency, and tax efficiency. There have been no major acquisitions, funding rounds, or name changes since inception; however, the fund has grown assets significantly amid elevated loan yields and achieved a one-year return of approximately 7.59% as of late 2025. Portfolio management is led by experienced professionals including Jake Lemle, Ralph Hinckley, and Brandon Matsui, supported by a dedicated team of over 40 loan specialists.