Eaton Vance Floating-Rate Income Trust Overview
Pro stress-test →Eaton Vance Floating-Rate Income Trust is a diversified, closed-end management investment company with an investment objective to provide a high level of current income. The fund primarily invests in senior, secured floating rate loans and benchmarks performance against the S&P/LSTA Leveraged Loan Index.
Strategic Profile
Pro stress-test →Founded in June 1988, the trust seeks to provide current income with capital preservation and offers investors access to a portfolio of floating-rate debt instruments. The fund targets income-focused investors seeking high current yield, with an annualized dividend yield of 7.7% as of April 2026.
Competitive Landscape
Pro stress-test →Eaton Vance Floating-Rate Income Trust operates in the closed-end fixed income fund space, competing with other floating-rate income funds, strategic income funds, and alternative income vehicles managed by firms like PIMCO, BlackRock, and Invesco. Its focus on senior secured floating-rate loans differentiates it from broader bond funds but aligns with the leveraged loan fund category.
Industry Context
Eaton Vance Floating-Rate Income Trust operates in Closed-End Fixed Income Funds / Asset Management.
Key facts
Founded: 2004 · Headquarters: Boston, US · Revenue: N/A · Market cap: $286.5M