Eaton Vance Floating-Rate Advantage Fund
Eaton Vance Mutual Funds Trust · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q1
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.
| Share class | Expense ratio |
|---|---|
| EVFAX | 2.27% |
| EAFAX | 2.27% |
| ECFAX | 2.77% |
| EIFAX | 2.02% |
| C000213855 | 1.95% |
Portfolio turnover 42.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Latest quarter
What changed since the fund's previous filing
New and exited totals aren’t verifiable for this fund.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +4.70% | +23.35% | +28.50% | 2.62% | -1.41% | |
| +4.59% | +23.36% | +28.41% | 2.58% | -1.41% | |
| +4.05% | +21.53% | +25.22% | 2.62% | -1.59% | |
| +4.95% | +24.26% | +30.10% | 2.62% | -1.37% | |
| +4.88% | +24.39% | +30.38% | 2.53% | -1.35% |
These classes hold the same portfolio, so the 5.16pp spread over 5 years is the cost difference between them — roughly 1.03pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Senior Debt Portfolio (MA) | 100.60% | $10.22 | $4.00B | 391.3M |
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.
Top 10 positions are 100.60% of net assets, top 25 100.60%, across 1 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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