EFT - Eaton Vance Floating-Rate Income Trust

What this means for you

One large investor owns more than 5% of this fund but has told the regulator it is not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. June 23, 2026

   The fund said it will repay some borrowed money on July 23, 2026.

   Original document →

2. Aug 6, 2025

   Morgan Stanley sold down below 5% and stopped reporting.

   Original document →

3. June 12, 2025

   The fund said it may sell new shares.

   Original document →

4. May 1, 2025

   The fund said it may sell new shares.

   Original document →

5. Feb 14, 2025

   Bank of America Corp. now owns 5%, as a passive investor.

   Original document →

About this fund

• Run by Eaton Vance Management. Part of the Eaton Vance fund family. As of May 31, 2026, from the fund's yearly report. Original document →
• Size: about $318 million of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 31% on top of its own money, as of Aug 31, 2026. Borrowed money makes gains and losses bigger. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.1% a year in management fees; 4.4% a year in total, including interest on borrowed money. Fiscal year ended May 31, 2026. As of May 31, 2026, from the fund's yearly report. Original document →
  Among the 11 funds we follow that invest in bank loans, 5 charge a lower management fee and 6 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $51 in the first year and about $507 over 10 years, assuming the holdings return 5% a year. As of May 31, 2025, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended May 31, 2026) the fund paid $1.00 a share, all of it income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of May 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (May 31, 2026): $12.06. The shares traded at $10.87, about 9.9% below that. As of May 31, 2026, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 11.4% below to 2.9% above. As of May 31, 2025, from the fund's annual report. Original document →
• How the holdings did: up 1.1% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2004.

How this has changed

• Payouts per share: $1.00 in the fiscal year ended May 31, 2026; $1.25 in the year ended May 31, 2025; $1.43 in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• None of those payouts was your own money back; all of it was income or gains.As of May 31, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 4.44% a year in the fiscal year ended May 31, 2026; 5.09% a year in the year ended May 31, 2025; 5.26% a year in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $321 million at May 31, 2026; $340 million at May 31, 2025; $349 million at May 31, 2024. From the fund's quarterly holdings reports. Original documents: May 31, 2026 →, May 31, 2025 →, May 31, 2024 →.
• Borrowing: about 34% on top of its own money at May 31, 2026; 39% at May 31, 2025; 38% at May 31, 2024. From the fund's quarterly holdings reports. Original documents: May 31, 2026 →, May 31, 2025 →, May 31, 2024 →.
• The fund had about 26.6 million shares at May 31, 2026, up 1.5% from May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
  In between, the fund said it may sell new shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended May 31, 2026: the shares returned -3.4%, counting payouts; the holdings +2.7%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of May 31, 2026, from the fund's annual report. Original document →
• The year ended May 31, 2025: the shares returned +1%, counting payouts; the holdings +6%. As of May 31, 2025, from the fund's annual report. Original document →
• The year ended May 31, 2024: the shares returned +33.3%, counting payouts; the holdings +17.4%. As of May 31, 2024, from the fund's annual report. Original document →
• The year ended May 31, 2023: the shares returned +0.1%, counting payouts; the holdings +4.9%. As of May 31, 2023, from the fund's annual report. Original document →
• The year ended May 31, 2022: the shares returned -8.1%, counting payouts; the holdings -2.8%. As of May 31, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +19.7%. $10,000 of shares bought at the start (June 1, 2021) would have become about $12,000 by May 31, 2026, with every payout counted, before tax. As of May 31, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to Aug 31, 2026: +2.1%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Of the 7 funds that invest in bank loans with a fiscal year ending within six months of this one, 3 reported a higher share return for that year and 3 a lower one. As of May 31, 2026, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly loans (86%), the rest asset-backed bonds, bonds and shares. About 82% issued in the U.S.

1. Cash and short-term - 2.6%
2. Eaton Vance Floating-Rate ETF - 1.5%
3. Discovery Global Holdings Inc 2026 USD Term Loan B - 1.2%
4. UKG Inc 2024 Term Loan B - 1.2%
5. Engineered Machinery Holdings Inc 2026 USD Term Loan B - 1.1%
6. EOC Borrower LLC Term Loan B - 0.9%
7. Mallinckrodt Int Finance S.A. - 0.9%
8. Great Outdoors Group LLC 2025 Term Loan B - 0.9%
9. Garda World Security Corporation 2026 Term Loan B - 0.8%
10. White Cap Buyer LLC 2024 Term Loan B - 0.8%

As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →