EV Float-Rate 2022 Target Term:EFL

    Manage Alerts

    Overview

    As of 11/11/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$9.28$9.33-0.54%
    52 Wk Avg$9.18$9.47-3.06%
    52 Wk High$9.58$9.651.07%
    52 Wk Low$8.24$9.03-10.04%
    Regular Distribution TypeManaged Distribution
    Distribution Rate5.82%
    Distribution Amount$0.0450
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Trust seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its Managed Assets in senior floating-rate loans (Senior Loans) of any maturity. Senior Loans are made to U.S. and non-U.S. corporations,

    Capital Structure

    As of 11/11/2019

    Total Net Assets:$344.254M
    Total Common Assets:$220.298M
    Common Shares Outstanding:23,611,740
    Leverage

    As of 6/28/2019

    Preferred Share Assets: $32.000M
    Type of Preferred: Variable Rate MuniFund Term Pref
    Total Debt (USD): $92.000M
    Structural Leverage (USD): $124.000M
    Structural Leverage (%): 35.62%
    Effective Leverage (USD): $124.000M
    Effective Leverage (%): 35.62%
    Annual Expense Ratios

    As of 3/31/2019

      Per Common Share
    Management Fees1.12%
    Other Expenses:0.15%
    Baseline Expense: 1.27%
    Interest Expense:2.17%
    Total: 3.43%
    Fund Management

    Fund Sponsor
    Eaton Vance Management

    Portfolio Managers
    William E. Holt (01 Mar 2019) / Catherine McDermott (01 Mar 2019) / Daniel McElaney (01 Mar 2019) / Scott H. Page (31 Jul 2017) / Craig P. Russ (31 Jul 2017) / Andrew Sveen (01 Mar 2019)

    Basics
    Category: Taxable Income-Senior Loan
    Ticker: EFL
    NAV Ticker: XEFLX
    Average Daily Volume (shares): 66,000
    Average Daily Volume (USD): $0.595M
    Inception Date: 7/31/2017
    Inception Share Price: $10.00
    Inception NAV: $9.83
    Tender Offer: No
    Term: Yes
    Fiscal Year End: March 31
    Third Party Links & Reports

    Distributions

    As of 11/11/2019

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2019
    $0.0419
    Annualized Distribution Rate on NAV:
    As of 11/11/2019
    5.79%
    Total Return on NAV (12 months):
    As of 11/11/2019
    2.44%
    Avg. UNII Per Share:
    As of 6/30/2018
    $0.0403
    Avg. Portfolio Coupon:
    As of 11/11/2019
    5.73%
    Total % Portfolio Effectively Leveraged:
    As of 11/11/2019
    35.62%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 11/11/2019

    PeriodAvg Discount
    6 Month-1.86%
    1 Year-3.06%
    3 Year 
    5 Year 
    Z-Score

    As of 11/12/2019

    PeriodZStat
    3 Month1.20
    6 Month1.30
    1 Year1.40
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/11/2019
    Category: Senior Loan Funds Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD13.85%8.19%11.98%6.96%
    2018-2.06%-2.12%-7.75%-1.00%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/11/2019
    Category: Senior Loan Funds Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 11/11/2019
    5.73%
    Number of Holdings:
    As of 8/31/2019
    433
    Annual Portfolio Turnover:
    As of 3/31/2019
    22.00%
    Average Bond Price:
    As of 3/31/2019
    $95.90
    Asset Allocation

    As of 3/31/2019 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2019 reported by Fund Sponsor

    Sector%Portfolio
    Electronics/Electrical 12.07%
    Health Care 10.42%
    Business Equipment & Serv7.09%
    Lodging & Casinos 6.15%
    Telecommunications 5.28%
    Cable & Satellite Televis5.10%
    Chemicals & Plastics 4.32%
    Industrial Equipment 4.17%
    Oil & Gas 4.14%
    Drugs 3.79%
    Top Holdings

    As of 8/31/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    Ev Cash Reserves Fund Llc$8.99M2.57%
    REYNOLDS GROUP TL L+300 05.2166 02/05/20 4.79 05 Feb 2023$4.43M1.27%
    CHANGE HEALTHCARE HLDGS INC TERM LOAN B 4.99 03 Feb 2024$3.13M0.90%
    GOLDEN NUGGET TL L+275 05.1488 10/04/202 4.81 04 Oct 2023$3.10M0.89%
    VIRGIN MEDIA INVT HLDGS LTD TERM LOAN K 4.53 15 Jan 2026$3.10M0.89%
    1011778 B C UNLIMITED LIABILI TERM LOAN 4.29 16 Feb 2024$2.95M0.84%
    FOUR SEASONS HLDGS INC FIRST LIEN 4.04 30 Nov 2023$2.95M0.84%
    Infor Lawson 4.99 01 Feb 2022$2.94M0.84%
    Live Nation Entertainment, Inc. 3.69 31 Oct 2023$2.94M0.84%
    JAGUAR HLDG CO II 2018 TERM LOAN 4.66 18 Aug 2022$2.93M0.84%
    SPRINT COMMUNICATIONS INC TERM LOAN B 4.77 29 Feb 2024$2.93M0.84%
    Credit Quality

    As of 3/31/2019 reported by Fund Sponsor

    Maturity Breakdown

    As of 3/31/2019 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2019 reported by Fund Sponsor

    Country% Portfolio
    USA 86.92%
    Other North America 6.08%
    Europe Developed ex-UK 5.33%
    UK 1.67%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-854124PR-E