Eaton Vance Senior Floating-Rate Trust

# Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund that invests primarily in senior, secured floating rate loans in the United States fixed income markets. The fund was established in November 2003 and is domiciled in the United States. It is launched and managed by Eaton Vance Management, an asset management subsidiary of Invesco Ltd.

The fund's portfolio construction focuses on floating rate senior secured loans, which are benchmarked against the S&P/LSTA Leveraged Loan Index. These instruments typically provide floating rate coupons tied to reference rates such as SOFR or LIBOR, offering potential downside protection in rising interest rate environments compared to fixed-rate bonds. The fund's strategy emphasizes capital preservation through the senior secured position of its holdings in the capital structure.

The trust operates with a market capitalization of approximately $300 million and trades on the New York Stock Exchange under the ticker EFR. As a closed-end fund structure, the trust issues a fixed number of shares and trades in the secondary market at prices determined by supply and demand, rather than operating as an open-end mutual fund with continuous share issuances and redemptions.