Morningstar

Eaton Vance Floating-Rate Advantage Fund Class R6 EFRRX

Morningstar Medalist Rating
Medalist Rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 9.27  /  0.00
  • Total Assets 3.6B
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 1.950%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Large
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 5M
  • Status Open
  • TTM Yield 7.49%
  • Effective Duration 0.28 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

Morningstar’s Analysis EFRRX

Will EFRRX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EFRRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the EFRRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of EFRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

New leadership and style tweaks face an adjustment period.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

Amid leadership and management changes for Eaton Vance Floating-Rate Advantage, the team is at an inflection point. New skipper Peter Campo is adapting the team and approach to his style; however, higher personnel turnover and process tweaks warrant caution during this transitional period. This results in a Process downgrade to Average from Above Average.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings EFRRX

More EFRRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
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Tk Elevator

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Allieduniversal

0.72 42M
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Alliant Holding

0.70 41M
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Eaton Vance Floating-Rate ETF

0.67 39M
—

Sedgwick Claims

0.64 37M
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Transdigm, Inc.

0.62 37M
Corporate

Freeport Lng Inv Floating Coupon 6.9792 Maturity 20330131

0.60 35M
Corporate

Hub Internation

0.60 35M
Corporate

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