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Eaton Vance Floating Rate Fund
mutual fund
ECBLX
Dividend policy
Active
Price as of:
$8.76
+0.0
+0%
primary theme
Bank Loan
ECBLX (Mutual Fund)
Eaton Vance Floating Rate Fund
Dividend policy
Active
Price as of:
$8.76
+0.0
+0%
primary theme
Bank Loan
ECBLX (Mutual Fund)
Eaton Vance Floating Rate Fund
Dividend policy
Active
Price as of:
$8.76
+0.0
+0%
primary theme
Bank Loan
ECBLX - Snapshot
Vitals
- YTD Return 0.6%
- 3 Yr Annualized Return 2.3%
- 5 Yr Annualized Return 3.9%
- Net Assets $6.16 B
- Holdings in Top 10 7.4%
52 WEEK LOW AND HIGH
$8.76
$7.91
$8.80
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.82%
SALES FEES
- Front Load N/A
- Deferred Load 1.00%
BROKERAGE FEES
- Turnover 28.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA N/A
Fund Classification
- Primary Theme Bank Loan
- Fund Type Open End Mutual Fund
- Investment Style Bank Loan
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$9.39
-0.11%
$7.76 B
3.41%
$0.32
blocked
blocked
blocked
1.40%
0.73%
$10.52
-0.10%
$6.34 B
4.12%
$0.43
blocked
blocked
blocked
0.96%
1.35%
$8.77
-0.11%
$6.16 B
3.41%
$0.30
blocked
blocked
blocked
0.57%
0.82%
$8.37
-0.12%
$6.01 B
4.26%
$0.36
blocked
blocked
blocked
0.84%
0.60%
$9.75
-0.10%
$4.13 B
4.05%
$0.40
blocked
blocked
blocked
0.62%
0.58%
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
Invesco Senior Loan ETF
BKLN | ETF
$22.11
-0.09%
$5.88 B
3.33%
$0.74
blocked
blocked
blocked
-0.72%
0.65%
SPDR Blackstone Senior Loan ETF
SRLN | ETF
$45.85
-0.11%
$3.88 B
4.71%
$2.16
blocked
blocked
blocked
0.42%
0.70%
First Trust Senior Loan Fund
FTSL | ETF
$47.90
-0.04%
$1.77 B
3.26%
$1.56
blocked
blocked
blocked
0.76%
0.85%
Janus Henderson AAA CLO ETF
JAAA | ETF
$50.52
-0.04%
$121.04 M
0.57%
$0.29
blocked
blocked
blocked
0.46%
0.25%
Highland/iBoxx Senior Loan ETF
SNLN | ETF
$16.11
-0.19%
$43.52 M
2.50%
$0.40
blocked
blocked
blocked
0.75%
1.12%
ECBLX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return 3.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.97%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameEaton Vance Floating Rate Fund
-
Fund Family NameEaton Vance
-
Inception DateFeb 01, 2001
-
Shares Outstanding17128630
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCraig Russ
Fund Description
Under normal circumstances, the fund invests at least 80% of its total assets in income producing floating rate loans and other floating rate debt securities. It invests primarily in senior floating rate loans of domestic and foreign borrowers ("Senior Loans"). Senior Loans typically are of below investment grade quality and have below investment grade credit ratings, which ratings are associated with securities having high risk, speculative characteristics (sometimes referred to as "junk").
ECBLX - Performance
Return Ranking - Trailing
| Period | ECBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -1.3% | 8.1% | 76.16% |
| 1 Yr | 16.8% | 4.2% | 86.9% | 70.30% |
| 3 Yr | 2.3%* | -1.4% | 5.8% | 75.61% |
| 5 Yr | 3.9%* | 1.8% | 9.0% | 61.05% |
| 10 Yr | 2.8%* | 1.6% | 6.3% | 83.63% |
* Annualized
Return Ranking - Calendar
| Period | ECBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -1.4% | -16.5% | 289.8% | 18.75% |
| 2019 | 1.8% | -8.1% | 7.5% | 66.67% |
| 2018 | -3.5% | -12.2% | 5.5% | 7.52% |
| 2017 | 0.4% | -4.2% | 3.7% | 16.60% |
| 2016 | 6.6% | -65.0% | 12.9% | 23.35% |
Total Return Ranking - Trailing
| Period | ECBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -1.3% | 8.1% | 75.83% |
| 1 Yr | 15.8% | 1.1% | 86.9% | 70.30% |
| 3 Yr | 2.3%* | -1.8% | 5.8% | 67.60% |
| 5 Yr | 3.9%* | 1.8% | 9.0% | 56.18% |
| 10 Yr | 2.8%* | 1.6% | 6.3% | 81.87% |
* Annualized
Total Return Ranking - Calendar
| Period | ECBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -1.4% | -16.5% | 289.8% | 18.75% |
| 2019 | 1.8% | -8.1% | 7.5% | 69.53% |
| 2018 | -3.5% | -12.2% | 5.5% | 16.17% |
| 2017 | 0.4% | -4.2% | 7.2% | 25.73% |
| 2016 | 6.6% | -65.0% | 12.9% | 30.84% |
NAV & Total Return History
ECBLX - Holdings
Concentration Analysis
| ECBLX | Category Low | Category High | ECBLX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.16 B | 6.18 M | 7.76 B | 5.57% |
| Number of Holdings | 748 | 13 | 1246 | 6.56% |
| Net Assets in Top 10 | 477 M | -161 M | 1.49 B | 12.79% |
| Weighting of Top 10 | 7.36% | 6.2% | 91.8% | 92.11% |
Top 10 Holdings
- Hyland Software, Inc. 0.95%
- JBS USA Lux S.A. 0.82%
- Informatica Corp 0.78%
- Reynolds Group Holdings Inc. 0.76%
- Valeant (Bausch) 0.75%
- CenturyLink, Inc. 0.75%
- Ziggo 0.73%
- Go Daddy 0.71%
- Mallinckrodt International Finance S.A. 0.69%
- Bombardier Recreational Products, Inc. 0.66%
Asset Allocation
| Weighting | Return Low | Return High | ECBLX % Rank | |
|---|---|---|---|---|
| Bonds | 91.18% | 30.80% | 146.63% | 66.56% |
| Cash | 6.82% | -17.24% | 55.70% | 41.31% |
| Other | 0.88% | -51.39% | 11.86% | 8.52% |
| Stocks | 0.86% | 0.00% | 7.86% | 20.98% |
| Convertible Bonds | 0.25% | 0.00% | 5.44% | 22.95% |
| Preferred Stocks | 0.01% | 0.00% | 24.21% | 33.77% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ECBLX % Rank | |
|---|---|---|---|---|
| Communication Services | 72.13% | 0.00% | 100.00% | 16.52% |
| Industrials | 11.39% | 0.00% | 100.00% | 16.96% |
| Financial Services | 8.80% | 0.00% | 100.00% | 4.78% |
| Consumer Cyclical | 7.66% | 0.00% | 100.00% | 26.96% |
| Energy | 0.02% | 0.00% | 100.00% | 66.96% |
| Utilities | 0.00% | 0.00% | 100.00% | 73.48% |
| Technology | 0.00% | 0.00% | 100.00% | 72.17% |
| Real Estate | 0.00% | 0.00% | 35.72% | 66.52% |
| Healthcare | 0.00% | 0.00% | 80.00% | 71.30% |
| Consumer Defense | 0.00% | 0.00% | 99.71% | 70.87% |
| Basic Materials | 0.00% | 0.00% | 26.71% | 71.30% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ECBLX % Rank | |
|---|---|---|---|---|
| US | 0.80% | -0.11% | 8.06% | 24.26% |
| Non US | 0.06% | -0.20% | 3.62% | 15.74% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ECBLX % Rank | |
|---|---|---|---|---|
| Corporate | 88.97% | 0.00% | 100.00% | 60.20% |
| Cash & Equivalents | 6.94% | 0.00% | 68.78% | 48.68% |
| Securitized | 4.09% | 0.00% | 100.00% | 12.17% |
| Derivative | 0.00% | 0.00% | 6.30% | 69.08% |
| Municipal | 0.00% | 0.00% | 0.61% | 69.08% |
| Government | 0.00% | 0.00% | 1.41% | 70.07% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ECBLX % Rank | |
|---|---|---|---|---|
| US | 70.67% | 5.51% | 146.63% | 71.80% |
| Non US | 20.51% | 0.00% | 92.60% | 32.46% |
ECBLX - Expenses
Operational Fees
| ECBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.82% | 0.01% | 27.10% | 27.61% |
| Management Fee | 0.65% | 0.00% | 1.73% | 64.14% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 91.39% |
| Administrative Fee | 0.15% | 0.03% | 0.40% | 78.76% |
Sales Fees
| ECBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 3.00% | 70.21% |
Trading Fees
| ECBLX 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.
| ECBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 28.00% | 0.00% | 412.00% | 11.72% |
ECBLX - Distributions
Dividend Yield Analysis
| ECBLX | Category Low | Category High | ECBLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.17% | 68.83% |
Dividend Distribution Analysis
| ECBLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| ECBLX | Category Low | Category High | ECBLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.97% | 1.29% | 10.93% | 96.31% |
Capital Gain Distribution Analysis
| ECBLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Jun 28, 2019 | $0.028 |
| May 31, 2019 | $0.029 |
| Apr 30, 2019 | $0.029 |
| Mar 29, 2019 | $0.032 |
| Feb 28, 2019 | $0.027 |
| Jan 31, 2019 | $0.030 |
| Dec 31, 2018 | $0.028 |
| Nov 30, 2018 | $0.026 |
| Oct 31, 2018 | $0.027 |
| Aug 31, 2018 | $0.025 |
| Jul 31, 2018 | $0.025 |
| Jun 29, 2018 | $0.024 |
| May 31, 2018 | $0.025 |
| Apr 30, 2018 | $0.023 |
| Mar 29, 2018 | $0.023 |
| Feb 28, 2018 | $0.021 |
| Jan 31, 2018 | $0.023 |
| Dec 29, 2017 | $0.022 |
| Nov 30, 2017 | $0.021 |
| Oct 31, 2017 | $0.023 |
| Sep 29, 2017 | $0.021 |
| Aug 31, 2017 | $0.022 |
| Jul 31, 2017 | $0.022 |
| Jun 30, 2017 | $0.021 |
| May 31, 2017 | $0.022 |
| Apr 28, 2017 | $0.021 |
| Mar 31, 2017 | $0.020 |
| Feb 28, 2017 | $0.018 |
| Jan 31, 2017 | $0.021 |
| Dec 30, 2016 | $0.025 |
| Nov 30, 2016 | $0.020 |
| Oct 31, 2016 | $0.023 |
| Sep 30, 2016 | $0.023 |
| Aug 31, 2016 | $0.024 |
| Jul 29, 2016 | $0.024 |
| Jun 30, 2016 | $0.024 |
| May 31, 2016 | $0.025 |
| Apr 29, 2016 | $0.024 |
| Mar 31, 2016 | $0.026 |
| Feb 29, 2016 | $0.023 |
| Jan 29, 2016 | $0.023 |
| Dec 31, 2015 | $0.025 |
| Nov 30, 2015 | $0.023 |
| Oct 30, 2015 | $0.024 |
| Sep 30, 2015 | $0.022 |
| Aug 31, 2015 | $0.024 |
| Jul 31, 2015 | $0.023 |
| Jun 30, 2015 | $0.022 |
| May 29, 2015 | $0.023 |
| Apr 30, 2015 | $0.023 |
| Mar 31, 2015 | $0.024 |
| Feb 27, 2015 | $0.020 |
| Jan 30, 2015 | $0.022 |
| Dec 31, 2014 | $0.023 |
| Nov 28, 2014 | $0.023 |
| Oct 31, 2014 | $0.021 |
| Sep 30, 2014 | $0.021 |
| Aug 29, 2014 | $0.022 |
| Jul 31, 2014 | $0.021 |
| Jun 30, 2014 | $0.020 |
| May 30, 2014 | $0.020 |
| Apr 30, 2014 | $0.019 |
| Mar 31, 2014 | $0.020 |
| Feb 28, 2014 | $0.018 |
| Jan 31, 2014 | $0.021 |
| Dec 31, 2013 | $0.029 |
| Nov 29, 2013 | $0.021 |
| Oct 31, 2013 | $0.021 |
| Sep 30, 2013 | $0.020 |
| Aug 30, 2013 | $0.021 |
| Jul 31, 2013 | $0.022 |
| Jun 28, 2013 | $0.021 |
| May 31, 2013 | $0.023 |
| Apr 30, 2013 | $0.022 |
| Mar 28, 2013 | $0.022 |
| Feb 28, 2013 | $0.023 |
| Jan 31, 2013 | $0.025 |
| Dec 31, 2012 | $0.026 |
| Nov 30, 2012 | $0.025 |
| Oct 31, 2012 | $0.026 |
| Sep 28, 2012 | $0.032 |
| Aug 31, 2012 | $0.028 |
| Jul 31, 2012 | $0.026 |
| Jun 29, 2012 | $0.026 |
| May 31, 2012 | $0.027 |
| Apr 30, 2012 | $0.025 |
| Mar 30, 2012 | $0.027 |
| Feb 29, 2012 | $0.025 |
| Jan 31, 2012 | $0.025 |
| Dec 30, 2011 | $0.025 |
| Nov 30, 2011 | $0.023 |
| Oct 31, 2011 | $0.026 |
| Sep 30, 2011 | $0.024 |
| Aug 31, 2011 | $0.025 |
| Jul 29, 2011 | $0.024 |
| Jun 30, 2011 | $0.022 |
| May 31, 2011 | $0.022 |
| Apr 29, 2011 | $0.021 |
| Mar 31, 2011 | $0.022 |
| Feb 28, 2011 | $0.020 |
| Jan 31, 2011 | $0.023 |
| Dec 31, 2010 | $0.035 |
| Nov 30, 2010 | $0.022 |
| Oct 29, 2010 | $0.022 |
| Sep 30, 2010 | $0.022 |
| Aug 31, 2010 | $0.025 |
| Jul 30, 2010 | $0.026 |
| Jun 30, 2010 | $0.025 |
| May 28, 2010 | $0.024 |
| Apr 30, 2010 | $0.024 |
| Mar 31, 2010 | $0.024 |
| Feb 26, 2010 | $0.022 |
| Jan 29, 2010 | $0.024 |
| Dec 31, 2009 | $0.079 |
| Nov 30, 2009 | $0.024 |
| Oct 30, 2009 | $0.025 |
| Sep 30, 2009 | $0.024 |
| Aug 31, 2009 | $0.023 |
| Jul 31, 2009 | $0.023 |
| Jun 30, 2009 | $0.024 |
| May 29, 2009 | $0.023 |
| Apr 30, 2009 | $0.021 |
| Mar 31, 2009 | $0.022 |
| Feb 27, 2009 | $0.019 |
| Jan 30, 2009 | $0.025 |
| Dec 31, 2008 | $0.038 |
| Nov 28, 2008 | $0.038 |
| Oct 31, 2008 | $0.040 |
| Sep 30, 2008 | $0.031 |
| Aug 29, 2008 | $0.032 |
| Jul 31, 2008 | $0.031 |
| Jun 30, 2008 | $0.032 |
| May 30, 2008 | $0.032 |
| Apr 30, 2008 | $0.032 |
| Mar 31, 2008 | $0.041 |
| Feb 29, 2008 | $0.043 |
| Jan 31, 2008 | $0.046 |
| Dec 31, 2007 | $0.049 |
| Nov 30, 2007 | $0.046 |
| Oct 31, 2007 | $0.049 |
| Sep 28, 2007 | $0.047 |
| Aug 31, 2007 | $0.049 |
| Jul 31, 2007 | $0.047 |
| Jun 29, 2007 | $0.047 |
| May 31, 2007 | $0.048 |
| Apr 30, 2007 | $0.047 |
| Mar 30, 2007 | $0.048 |
| Feb 28, 2007 | $0.044 |
| Jan 31, 2007 | $0.050 |
| Dec 29, 2006 | $0.050 |
| Nov 30, 2006 | $0.048 |
| Oct 31, 2006 | $0.050 |
| Sep 29, 2006 | $0.048 |
| Aug 31, 2006 | $0.048 |
| Jul 31, 2006 | $0.047 |
| Jun 30, 2006 | $0.043 |
| May 31, 2006 | $0.045 |
| Apr 28, 2006 | $0.043 |
| Mar 31, 2006 | $0.042 |
| Feb 28, 2006 | $0.037 |
| Jan 31, 2006 | $0.041 |
| Dec 30, 2005 | $0.038 |
| Nov 30, 2005 | $0.036 |
| Oct 31, 2005 | $0.037 |
| Sep 30, 2005 | $0.033 |
| Aug 31, 2005 | $0.033 |
| Jul 29, 2005 | $0.032 |
| Jun 30, 2005 | $0.030 |
| May 31, 2005 | $0.029 |
| Apr 29, 2005 | $0.027 |
| Mar 31, 2005 | $0.026 |
| Feb 28, 2005 | $0.023 |
| Jan 31, 2005 | $0.024 |
| Dec 31, 2004 | $0.023 |
| Nov 30, 2004 | $0.021 |
| Oct 29, 2004 | $0.021 |
| Sep 30, 2004 | $0.018 |
| Aug 31, 2004 | $0.017 |
| Jul 30, 2004 | $0.017 |
| Jun 30, 2004 | $0.015 |
| May 28, 2004 | $0.015 |
| Apr 30, 2004 | $0.015 |
| Mar 31, 2004 | $0.016 |
| Feb 27, 2004 | $0.014 |
| Jan 30, 2004 | $0.016 |
| Dec 31, 2003 | $0.016 |
| Nov 28, 2003 | $0.017 |
| Oct 31, 2003 | $0.018 |
| Sep 30, 2003 | $0.018 |
| Aug 29, 2003 | $0.018 |
| Jul 31, 2003 | $0.024 |
| Jun 30, 2003 | $0.024 |
| May 30, 2003 | $0.025 |
| Apr 30, 2003 | $0.027 |
| Mar 31, 2003 | $0.026 |
| Feb 28, 2003 | $0.022 |
| Jan 31, 2003 | $0.026 |
| Dec 31, 2002 | $0.026 |
| Nov 29, 2002 | $0.028 |
| Oct 31, 2002 | $0.029 |
| Sep 30, 2002 | $0.029 |
| Aug 30, 2002 | $0.031 |
| Jul 31, 2002 | $0.030 |
| Jun 28, 2002 | $0.027 |
| May 31, 2002 | $0.028 |
| Apr 30, 2002 | $0.027 |
| Mar 28, 2002 | $0.027 |
| Feb 28, 2002 | $0.025 |
| Jan 31, 2002 | $0.027 |
| Dec 31, 2001 | $0.031 |
| Nov 30, 2001 | $0.030 |
ECBLX - Fund Manager Analysis
Managers
Craig Russ
Start Date
Tenure
Tenure Rank
Nov 07, 2007
13.41
13.4%
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 Sveen
Start Date
Tenure
Tenure Rank
Mar 01, 2019
2.08
2.1%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 22.43 | 5.66 | 2.08 |
