Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) is a closed-end management investment company that seeks to provide current income while preserving capital by primarily investing in senior floating-rate loans. Established in 2008, the Trust deploys its assets across a diversified portfolio of senior secured and unsecured loans issued by U.S. and international corporate borrowers. These loans typically carry adjustable interest rates that reset periodically, helping to mitigate interest rate risk and provide a potential hedge against rising rates.
Managed by Eaton Vance Management—a subsidiary of Morgan Stanley Asset Management—EFR benefits from the firm’s extensive credit research and active portfolio management capabilities. The management team conducts fundamental analysis on issuers’ balance sheets, cash flows and industry dynamics to select loans that offer attractive yields and strong collateral protection. The Trust may also use leverage through borrowings and derivatives to enhance income generation, subject to regulatory limits and investment guidelines.
Through its diversified exposure to sectors such as finance, telecommunications, energy and healthcare, Eaton Vance Senior Floating-Rate Trust aims to deliver attractive risk-adjusted returns over various market environments. While the portfolio emphasizes floating-rate instruments, it can also invest in other income-producing securities—including high-yield bonds, preferred stocks and bank debt—if deemed complementary to the Trust’s objectives.
Trading under the ticker symbol EFR on the New York Stock Exchange, the Trust distributes income to shareholders on a monthly basis. Its board of trustees oversees governance and ensures adherence to the Trust’s investment policies. With the backing of a seasoned credit research team and a focus on capital preservation, Eaton Vance Senior Floating-Rate Trust offers investors a specialized vehicle for accessing the global floating-rate loan market.
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