Eaton Vance Floating-Rate & Hi Inc Inst (EIFHX)
Eaton Vance Floating-Rate & Hi Inc Inst operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $7.80, up 0.00% on the session, giving a market capitalisation of $590.0M. Its beta of 0.15 implies it has historically moved less than the broad market.
Under typical market conditions, this fund commits at least 80% of its total capital to a blend of income-generating floating-rate loans, other floating-rate debt instruments, and high-yield corporate bonds. Its allocation to unsecured high-yield corporate bonds is restricted to a maximum of 20% of its overall assets. The portfolio primarily targets senior floating-rate loans, commonly known as "Senior Loans," which originate from both domestic and international borrowers. Additionally, a smaller portion of its strategy includes investments in high-yield, high-risk corporate debt.
Eaton Vance Floating-Rate & Hi Inc Inst is most often compared with the following Financial Services names: