Eaton Vance Senior Floating Rate Trust (EFR)
Frequently Asked Questions About Eaton Vance Senior Floating Rate Trust (EFR)
Can international investors invest in Eaton Vance Senior Floating Rate Trust?
Yes, international investors can invest in Eaton Vance Senior Floating Rate Trust as it is listed on the NYSE. However, they should be aware of any regulatory or tax implications related to investing in U.S. securities and consider consulting with financial advisors.
Does EFR incur management fees?
Yes, Eaton Vance Senior Floating Rate Trust incurs management fees as part of its operational costs. These fees compensate Eaton Vance Management for managing the fund's investments and are typically expressed as a percentage of the assets under management. Investors should review the fund's prospectus for details on fees and expenses.
How can investors purchase shares of EFR?
Investors can purchase shares of Eaton Vance Senior Floating Rate Trust through a brokerage account, just as they would with any publicly traded stock. They can buy shares on the open market at the prevailing market price, which may differ from the trust's net asset value.
How does Eaton Vance Senior Floating Rate Trust manage interest rate risk?
Eaton Vance Senior Floating Rate Trust manages interest rate risk primarily by focusing on floating rate instruments. Since the income generated by these securities adjusts with interest rate fluctuations, the trust is designed to offer protection against rising interest rates, which can negatively impact fixed-rate bonds and investment returns.
How does EFR compare to other investment options?
Eaton Vance Senior Floating Rate Trust stands out compared to traditional fixed income investments, particularly in a rising interest rate environment, due to its focus on floating rate debt which can help mitigate interest rate risk. However, investors should evaluate it against other investment options like bonds, other closed-end funds, and diversified equity funds based on their individual risk tolerance and investment goals.
How often does EFR distribute dividends?
Eaton Vance Senior Floating Rate Trust typically distributes dividends on a monthly basis. This monthly dividend schedule allows investors to receive regular income from their investments, reflective of the periodic income generated by the floating rate instruments in the fund's portfolio.
Is Eaton Vance Senior Floating Rate Trust actively managed?
Yes, Eaton Vance Senior Floating Rate Trust is actively managed, meaning that its investment managers actively adjust the portfolio's holdings in response to market conditions, interest rate changes, and other economic indicators, in an effort to optimize returns for investors.
What does Eaton Vance Senior Floating Rate Trust (NYSE:EFR) do?
Eaton Vance Senior Floating Rate Trust is a closed-end management investment company that primarily invests in senior secured floating rate debt instruments. These can include loans made to corporations and other fixed-income securities that are designed to provide a stream of income that adjusts with changes in interest rates, making it an appealing option for risk-sensitive investors seeking income amid fluctuating market rates.
What factors influence the performance of EFR?
The performance of Eaton Vance Senior Floating Rate Trust is influenced by a range of factors, including interest rate trends, credit market conditions, economic indicators, and the overall performance of the floating rate loan market. Additionally, the management team's investment decisions and the quality of underlying securities play crucial roles.
What is a closed-end fund?
A closed-end fund is an investment vehicle that raises a fixed amount of capital through an initial public offering (IPO) and then lists its shares on a stock exchange. Unlike open-end funds, shares of closed-end funds are traded among investors on the secondary market, which can result in shares trading at a premium or discount to net asset value (NAV).
What is the investment objective of Eaton Vance Senior Floating Rate Trust?
The primary investment objective of Eaton Vance Senior Floating Rate Trust is to seek high current income with a secondary goal of capital appreciation. Through its investments in senior secured floating rate debt instruments, the trust aims to provide stable income while managing risks associated with interest rates and credit.
What is the net asset value (NAV) of EFR?
The net asset value (NAV) of Eaton Vance Senior Floating Rate Trust represents the value of the trust's assets minus its liabilities, divided by the number of shares outstanding. NAV is an important metric for investors as it provides insight into the underlying value of the trust's portfolio and helps assess whether the shares are trading at a discount or premium.
What is the typical dividend yield for EFR?
The dividend yield for Eaton Vance Senior Floating Rate Trust can vary based on market conditions and the performance of its investments. Historically, it has provided a relatively attractive yield, reflecting the income generation capabilities of its floating rate debt investments, although potential investors should review the most recent performance metrics and dividend distributions.
What risks are associated with investing in EFR?
Investing in Eaton Vance Senior Floating Rate Trust involves several risks, including credit risk, interest rate risk, and market risk. Since the trust invests in floating rate debt, there may also be risk associated with the credit quality of the underlying borrowers, as defaults or downgrades could impact the trust's performance.
What should investors consider before investing in EFR?
Before investing in Eaton Vance Senior Floating Rate Trust, investors should consider their investment objectives, risk tolerance, and time horizon. It's also essential to review the fund's historical performance, dividend distributions, fee structure, and the economic environment, as these factors can significantly impact investment outcomes.
What types of securities does EFR typically invest in?
EFR predominantly invests in senior secured loans, which are loans made to companies that have a higher claim on assets in the event of liquidation compared to unsecured debt. The portfolio may also include other floating rate debt instruments such as high yield bonds and preferred securities.
When was Eaton Vance Senior Floating Rate Trust founded?
Eaton Vance Senior Floating Rate Trust was established in 2003, and it has since aimed to provide investors with access to a diversified portfolio of floating rate investments. The trust has built a reputation for focusing on credit quality and managing interest rate risk.
Where is Eaton Vance Senior Floating Rate Trust listed?
Eaton Vance Senior Floating Rate Trust is listed on the New York Stock Exchange (NYSE) under the ticker symbol 'EFR'. This listing allows investors to easily purchase shares in the fund through standard brokerage accounts.
Who manages Eaton Vance Senior Floating Rate Trust?
The trust is managed by Eaton Vance Management, a well-established investment management firm with extensive experience in managing fixed income and floating rate assets. Their professional team utilizes a disciplined investment process to identify opportunities in the floating rate market.
What is the current price of Eaton Vance Senior Floating Rate Trust?
The current price of Eaton Vance Senior Floating Rate Trust is 11.90
When was Eaton Vance Senior Floating Rate Trust last traded?
The last trade of Eaton Vance Senior Floating Rate Trust was at 7:00 pm EDT on April 3rd, 2025
What is the market capitalization of Eaton Vance Senior Floating Rate Trust?
The market capitalization of Eaton Vance Senior Floating Rate Trust is 1.86B
How many shares of Eaton Vance Senior Floating Rate Trust are outstanding?
Eaton Vance Senior Floating Rate Trust has 156.71M shares outstanding.