EFT: A Good Floater Fund That Can Be A Hedge Against A 'No Rate Cut' Scenario [Seeking Alpha]
Eaton Vance Floating Rate Income Trust Common Shares of Beneficial Interest (EFT)
US:NYSE Investor Relations:
funds.eatonvance.com/floating-rate-income-trust-eft.php
Company Research
Source: Seeking Alpha
The EFT closed-end fund's portfolio consists mainly of floating-rate senior loans, which have higher yields than long-dated bonds in an inverted yield curve situation. The fund's distribution has been inconsistent over the years, but this is natural since the fund's income varies with interest rates. Economic data suggests that the Federal Reserve should not even be thinking about rate cuts, so it might be a good idea to hold this fund as a hedge. The fund is currently trading at a discount to NAV, but recent share price performance has been better than the fund's underlying portfolio. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The Eaton Vance Floating-Rate Income Trust NYSE: EFT ) is a closed-end fund, or CEF, that income-hungry investors can employ in pursuit of their goals. As is the case with many leveraged loan funds, the Eaton Vance Floating-Rate Income Trust h
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EFT
Sec Filings
- 4/24/24 - Form NPORT-P
- 2/13/24 - Form SC
- EFT's page on the SEC website