Overview
Description
Eaton Vance Senior Floating-Rate Trust is a closed-end investment fund focused on generating a high level of current income, with capital preservation as a secondary objective. The Trust primarily invests in **senior, secured floating-rate loans** issued by both domestic and foreign borrowers. These loans are generally of below investment grade quality and are commonly referred to as leveraged loans, which carry higher credit risk but usually offer elevated yields to compensate for potential default risk.
The portfolio is diversified across loans denominated in several major currencies, including U.S. dollars, euros, British pounds, Swiss francs, Canadian dollars, and Australian dollars. This multi-currency approach broadens the opportunity set and provides global exposure within the senior loan market. Eaton Vance Management, an experienced asset manager with a longstanding presence in credit markets, oversees the Trust, with a dedicated team managing the investment selection and ongoing oversight.
As a key player in the senior loan fund segment, Eaton Vance Senior Floating-Rate Trust serves investors seeking income streams less sensitive to changes in interest rates, given the floating-rate nature of its underlying securities. The fund’s leverage and focus on non-investment grade credit highlight its niche in providing access to higher-yielding, actively managed credit strategies in the public market.
About
Instrument type
Closed-end fund
Country
United States
MIC code
XNYS