Eaton Vance Floating Rate Fund Advisor (EABLX) seeks to provide a high level of current income. The fund pursues its objective by investing in Floating-Rate portfolio. The fund invests at least 80% of its total assets in income producing floating rate loans and other floating rate debt securities. The fund also invests 25% of its total assets in foreign securities and is engaged in certain hedging transactions.
This Diversified Bond product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.3% and 5 year 3.8%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
EABLX’s performance, as of the last filing, when compared to funds in its category was in the top 15% over the past 1 year, and in the top 16% over the past 3 years and in the top 19% over the past 5 years.
This Zacks Rank #2 (Buy) was incepted in February 2001 and is managed by Eaton Vance. EABLX carries an expense ratio of 1.06% and requires a minimal initial investment of $1,000.
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Zacks Investment Research