EFT:NYE-Eaton Vance Floating Rate Income Trust of Beneficial Interest (USD)

ETF | Asset Management | New York Stock Exchange

Last Closing

USD 13.48

Change

+0.10 (+0.75)%

Market Cap

USD 0.59B

Volume

0.17M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The first objective is to provide a high level of current income. The second objective is to seek preservation of capital to the extent consistent with the primary goal. Under normal market conditions, it is expected to maintain duration of less than one year (including the effect of anticipated leverage). The primary investments are Senior Loans that are made to corporations, partnerships and other business entities, which operate in various industries and geographical regions. Senior Loans pay interest at rates which are determined periodically by a reference to a base lending rate, primarily the LIBOR, plus a premium. At least 80% of its total assets will be invested in Senior Loans. Up to 20% of its total assets may be invested in loan securities, other income-producing securities and warrants and equity securities. The Adviser anticipates that most of the Funds investment, including Senior Loans, will be of below investment-grade quality. Up to 20% may be invested in corporate bonds of below investment grade quality. Up to 15% of its total assets may be invested in foreign securities including emerging markets.

Inception Date: 29/06/2004

Primary Benchmark: S&P/LSTA Leveraged Loan TR

Primary Index: BBgBarc US Agg Bond TR USD

Gross Expense Ratio: 2.29%

Management Expense Ratio:

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-05-01 )

Largest Industry Peers for Asset Management

Symbol Name Mer Price(Change) Market Cap
BX Blackstone Group Inc 0.00 %

-3.43 (-2.61%)

USD 144.84B
BLK BlackRock Inc 0.00 %

-7.99 (-0.98%)

USD 121.21B
KKR KKR & Co LP 0.00 %

-3.52 (-3.27%)

USD 88.65B
BN Brookfield Corp 0.00 %

-0.21 (-0.47%)

USD 67.62B
APO Apollo Global Management LLC C.. 0.00 %

-2.59 (-2.25%)

USD 65.62B
ARES Ares Management LP 0.00 %

-3.16 (-2.11%)

USD 46.42B
BK Bank of New York Mellon 0.00 %

-0.03 (-0.05%)

USD 43.97B
AMP Ameriprise Financial Inc 0.00 %

-3.41 (-0.78%)

USD 43.64B
OWL Blue Owl Capital Inc 0.00 %

+0.05 (+0.27%)

USD 26.50B
STT State Street Corp 0.00 %

+0.06 (+0.08%)

USD 22.70B

ETFs Containing EFT

N/A

Market Performance

  Market Performance vs. Industry/Classification (Asset Management) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 7.41% 88% B+ 80% B-
Dividend Return -155.69% 1% F N/A F
Total Return -148.28% 1% F N/A F
Trailing 12 Months  
Capital Gain 18.14% 89% A- 72% C
Dividend Return -161.87% 1% F N/A F
Total Return -143.72% 1% F N/A F
Trailing 5 Years  
Capital Gain -1.53% 83% B 47% F
Dividend Return -108.47% 1% F N/A F
Total Return -110.01% 2% F N/A F
Average Annual (5 Year Horizon)  
Capital Gain 0.06% 72% C 40% F
Dividend Return 6.64% 72% C 56% F
Total Return 6.58% 56% F 88% B+
Risk Return Profile  
Volatility (Standard Deviation) 19.37% 36% F 58% F
Risk Adjusted Return 34.27% 72% C 57% F
Market Capitalization 0.59B 51% F 41% F

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

What to not like:
Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.