Eaton Vance Senior Income Trust (NYSE: EVF) is a closed-end management investment company that seeks high current income while preserving capital. Externally managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management following its 2021 acquisition, the trust offers investors exposure to a diversified portfolio of floating-rate senior secured loans and other corporate debt instruments.
The trust’s investment strategy is centered on senior secured bank loans, which typically carry floating interest rates and enjoy priority over other debt in a borrower’s capital structure. In addition to senior loans, the portfolio may include high-yield bonds, mezzanine debt, structured credit and other fixed-income securities to pursue attractive risk-adjusted returns. This flexible approach allows the fund to adjust allocations across credit sectors in response to evolving market conditions.
Since its initial public offering in February 2010, Eaton Vance Senior Income Trust has distributed income on a monthly basis, aiming to provide reliable dividend streams to both retail and institutional shareholders. The trust’s board of trustees oversees governance matters, while a team of dedicated credit analysts and portfolio managers handles day-to-day investment decisions.
Although the majority of the portfolio focuses on U.S. loans and corporate debt, the trust maintains the ability to pursue global credit opportunities when attractive risk premiums arise. As a specialized fixed-income vehicle, EVF is designed for investors seeking enhanced income potential with less duration risk compared to traditional bond funds.
AI Generated. May Contain Errors.
Free EVF Stock Alerts