EVLN
Eaton Vance Floating-Rate ETF
📎 Investment Objective
The Eaton Vance Floating-Rate ETF seeks to provide a high level of current income by investing primarily in a diversified portfolio of floating-rate loans and other floating-rate debt securities.
Overview
ETF tracking Eaton Vance Floating-Rate ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Eaton Vance Floating-Rate ETF seeks to provide a high level of current income by investing primarily in a diversified portfolio of floating-rate loans and other floating-rate debt securities.
🎯 Investment Strategy
The fund invests at least 80% of its net assets in floating-rate loans and other floating-rate debt securities. The portfolio manager seeks to construct a diversified portfolio of floating-rate instruments that can provide a high level of current income.
✨ Key Features
- Focuses on floating-rate loans and other floating-rate debt securities to generate current income
- Diversified portfolio of floating-rate instruments
- Potential to provide a hedge against rising interest rates
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Credit risk: The fund is exposed to the risk of default or downgrade of the underlying floating-rate loans and debt securities
- Interest rate risk: While floating-rate instruments can help mitigate interest rate risk, there is still some exposure to changes in interest rates
- Liquidity risk: The floating-rate loan market can experience periods of reduced liquidity, which may impact the fund's ability to sell positions
- Sector concentration risk: The fund's focus on floating-rate loans and debt securities means it may be more susceptible to developments in that sector
👤 Best For
The Eaton Vance Floating-Rate ETF may be suitable for investors seeking current income and a potential hedge against rising interest rates. It may be most appropriate for investors with a medium to long-term investment horizon and a moderate risk tolerance.