Eaton Vance Float-Rate 2022 Target Term:EFL

    Manage Alerts

    Overview

    As of 11/24/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$8.60$9.12-5.70%
    52 Wk Avg$8.55$8.88-3.92%
    52 Wk High$9.75$9.592.01%
    52 Wk Low$5.05$6.79-28.93%
    Regular Distribution TypeManaged Distribution
    Distribution Rate4.88%
    Distribution Amount$0.0350
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Trust’s investment objectives are high current income and to return $9.85 per share (the original net asset value (“NAV”) per common share of beneficial interest (“Common Share”) before deducting offering costs of $0.02 per Common Share) (“Original NAV”) to holders of Common Shares (“Common Shareholders”) of record on or about October 31, 2022 (the “Termination Date”). No assurance can be given that the Trust’s investment objectives will be achieved.

    Capital Structure

    As of 11/24/2020

    Total Investment Exposure:$326.922M
    Total Common Assets:$215.429M
    Common Shares Outstanding:23,621,612
    Leverage

    As of 11/24/2020

    Preferred Share Assets: $31.993M
    Total Debt (USD): $79.500M
    Regulatory Leverage (USD): $111.493M
    Effective Leverage (USD): $111.493M
    Effective Leverage (%): 34.10%
    Annual Expense Ratios

    As of 3/31/2020

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 2.92%
    Fund Management

    Fund Sponsor
    Eaton Vance Management

    Portfolio Managers
    William E. Holt, Daniel McElaney, Craig P. Russ, Scott H. Page, Catherine C. McDermott, Andrew N. Sveen

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: EFL
    NAV Ticker: XEFLX
    Average Daily Volume (shares): 74,723
    Average Daily Volume (USD): $0.629M
    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 11/24/2020

    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 6/30/2020
    $0.2183
    Annualized Distribution Rate on NAV:
    As of 11/24/2020
    4.61%
    Total Return on NAV (12 months):
    As of 11/24/2020
    0.49%
    Avg. Portfolio Coupon:
    As of 11/24/2020
    3.93%
    Total % Portfolio Effectively Leveraged:
    As of 11/24/2020
    34.10%

    Pricing Information

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

    As of 11/24/2020

    PeriodAvg Discount
    6 Month-4.43%
    1 Year-3.92%
    3 Year-3.74%
    5 Year 
    Z-Score

    As of 11/24/2020

    PeriodZStat
    3 Month-1.55
    6 Month-0.81
    1 Year-0.52
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 10/31/2020
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-5.02%-2.60%-11.05%-4.20%
    201915.70%11.32%18.13%8.70%
    2018-2.06%-2.12%-7.68%-1.95%
    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 10/31/2020
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 11/24/2020
    3.93%
    Average Maturity:
    As of 9/30/2020
    4.25 yrs
    Number of Holdings:
    As of 9/30/2020
    455
    Annual Portfolio Turnover:
    As of 3/31/2020
    32.00%
    Average Bond Price:
    As of 9/30/2020
    $99.60
    Asset Allocation

    As of 9/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)96.59%
    Bank Loan89.60%
    Corporate Bond6.98%
    Cash Equivalents (Super Sector)3.14%
    Cash Equivalents3.14%
    Preferred Stock0.00%
    Top Holdings

    As of 9/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Hyland Software, Inc.$3.67M1.10%
    Epicor$3.53M1.06%
    PactivEvergreen (Reynolds Group)$3.40M1.02%
    Virgin Media$3.02M0.91%
    PPD$2.89M0.87%
    Four Seasons Hotels Limited$2.83M0.85%
    TransDigm, Inc.$2.75M0.83%
    Live Nation Entertainment, Inc.$2.72M0.82%
    Golden Nugget, Inc (old Landry's)$2.68M0.81%
    ADS Waste$2.68M0.81%
    Credit Quality

    As of 9/30/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 9/30/2020 reported by Fund Sponsor

    Country Allocation

    As of 9/30/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income85.24%
    Others - Fixed Income4.78%
    Canada - Fixed Income3.76%
    Netherlands - Fixed Income1.25%
    Ireland - Fixed Income0.69%
    France - Fixed Income0.56%
    United States - Equity0.27%
    Germany - Fixed Income0.21%
    Australia - Fixed Income0.06%
    Austria - Fixed Income0.03%
    Switzerland - Fixed Income0.01%

    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.

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