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The Eaton Vance Floating-Rate Income Trust is a fixed-income fund providing broad exposure to the floating-rate loan market. The interest rates are set to decline, although the pace of decline is not clear. Generally, this fund's earnings will decline as the interest rates decline due to the nature of underlying holdings. This fund should be accumulated when interest rates are low and expected to rise in the future. With that view, this fund is not a buy yet, but worth keeping on your radar.

Eaton Vance Floating-Rate Income Trust is currently overpriced, trading at a premium to NAV, which is unusual and at the top of its historic range. EFT's 8.5% distribution yield is not impressive given its high leverage ratio, making it less attractive compared to lower-risk ETFs like LONZ and FTSL. Leverage in EFT results in higher drawdowns during risk-off periods, making it more volatile compared to non-leveraged ETFs.

We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.

EEFT's Q4 results benefit from strength in its three segments, attributable to higher transactions. It currently expects 2025 adjusted EPS to witness 12-16% year-over-year growth.

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 2/3/2025 Ex-Date – 2/13/2025 Record – 2/13/2025 Payable – 2/24/2025 Municipal Bond Funds:   Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 1/31/25 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.14 5.92% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.31 5.97% Taxabl.

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 10/1/2024 Ex-Date – 10/11/2024 Record – 10/11/2024 Payable – 10/18/2024   Municipal Bond Funds:           Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 9/30/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.87 5.52% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.9.

Eaton Vance Floating-Rate Income Trust generates income through debt securities with floating interest rates, offering higher yields than traditional bonds due to the inverted yield curve. The EFT closed-end fund boasts a 10.53% yield, slightly lower than peers, with a stable share price and focus on current income. The fund appears to be reducing its American allocation, which makes no sense following developed market central banks beginning a cutting cycle.

The Eaton Vance Floating-Rate Income Trust offers a high yield of 10.80%, which is higher than most investment-grade or junk bond funds. 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.

FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)

The Eaton Vance Floating-Rate Income Trust offers a high yield of 11.15% due to short-term interest rates being higher than long-term rates. The fund's share price performance has been modest compared to the Bloomberg U.S. Aggregate Bond Index, but its stability and high yield make it attractive. The fund's diverse portfolio and stability make it a potential hedge against volatility in the bond market, appealing to risk-averse investors.