EFT: Improved Valuation, But This Floater Fund Is Still A Sell

2025-06-07 08:22:02 ET

The Eaton Vance Floating-Rate Income Trust ( EFT ) is a closed-end fund that has become a fairly popular method of earning income over the past few years. This is at least partly due to the fund’s fairly solid performance in the face of rising interest rates. Over the past five years, shares of the Eaton Vance Floating-Rate Income Trust are up 4.86%. This compares to a horrible 16.69% decline of the Bloomberg U.S. Aggregate Bond Index ( AGG ), which tracks domestic investment-grade bonds:

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