Eaton Vance Floating-Rate & Hi Inc Inst (EIFHX)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
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Eaton Vance Floating-Rate & Hi Inc Inst Profile
| Capital Markets Industry | Financials Sector | - CEO | NASDAQ (NGS) Exchange | 277911541 CUSIP |
| US Country | - Employees | 31 Jul 2026 Last Dividend | - Last Split | - IPO Date |
Overview
The described fund operates with a focus on capitalizing on income-generating investments through a diversified portfolio that primarily includes floating rate loans and debt securities, alongside high yield corporate bonds. It adheres to a strategy of investing a minimum of 80% of its total assets into these income-producing instruments. The fund is tailored for investors looking to gain exposure to senior floating rate loans of both domestic and foreign borrowers as well as high yield, high risk corporate bonds, while maintaining a cap on investment in unsecured high yield corporate bonds at 20% of its total assets.
Products and Services
- Floating Rate Loans and Debt Securities
- High Yield Corporate Bonds
- Senior Floating Rate Loans
This category forms the core of the fund's investment strategy, comprising at least 80% of its portfolio. The focus is on income-producing floating rate loans and other floating rate debt securities. These investments tend to offer interest payments that adjust in line with market interest rates, potentially providing the fund with a hedge against inflation and interest rate risks.
As a secondary strategy, the fund invests in high yield, high risk corporate bonds. These investments are selected with the aim of enhancing the income generation of the fund's portfolio through potentially higher yields compared to more conservative bond investments. However, it's important to note that the fund limits its exposure to unsecured high yield corporate bonds to a maximum of 20% of its total assets, balancing higher income potential with risk management.
The fund primarily invests in senior floating rate loans of both domestic and foreign borrowers. These senior loans are typically secured by the borrower's assets, offering the fund a measure of protection in the event of default. Senior Loans are prioritized over other company liabilities in terms of repayment, which can provide an additional layer of security for investors in the fund.
