Eaton Vance Floating-Rate Advantage Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Eaton Vance Floating-Rate Advantage Fund held 1 positions with $3.98B in net assets. Its ten largest holdings made up 100.6% of the fund. The EVFAX share class costs 2.27% a year. Over the 12 months to May 2026, EVFAX returned 3.3%, with dividends reinvested.
The Funds investment objective is to provide a high level of current income.
The fund invests at least 80% of its assets in floating rate senior loans, which are typically secured, below-investment-grade debt with a senior claim on borrower assets ahead of subordinated debt and equity. The fund may also hold junior loans, fixed-income securities, and money market instruments, and uses leverage to enhance income. Because the fund selects loans based on a systematic risk-weighted approach applied to fundamental analysis rather than an index, its composition and returns depend on the adviser's credit assessments and security selection.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Senior Debt Portfolio (MA) | 100.60% | $4.00B | 391.3M | $10.22 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 1 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Loans | 115.41% |
| Bonds | 6.62% |
| Securitized | 3.91% |
| Cash & short-term | 3.38% |
| 3 smaller | 1.86% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
How it has done
EVFAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 2.05%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 2.27% | +3.31% | +24.53% | +28.46% | -1.41% | |
| 2.27% | +3.31% | +24.54% | +28.50% | -1.41% | |
| 2.77% | +2.77% | +22.69% | +25.31% | -1.59% | |
| 2.02% | +3.56% | +25.45% | +30.07% | -1.37% | |
| 1.95% | +3.70% | +25.70% | +30.60% | -1.35% |
These classes hold the same portfolio, so the 5.29pp spread over 5 years is the cost difference between them — roughly 1.06pp a year — not a difference in what they own.
Fees & fund details
Eaton Vance Floating-Rate Advantage Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Master-feeder
- Expense ratio, by class
- 1.95% – 2.77%· EVFAX 2.27%
- Portfolio turnover
- 42.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
New and exited totals aren’t verifiable for this fund.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — EVFAX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”