Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust is a closed-end fixed income fund managed by Eaton Vance Management, specializing in senior, secured floating-rate loans. Its core objective is to generate a high level of current income, with capital preservation as a secondary goal. The trust provides widespread exposure to the floating-rate loan market, encompassing varied sectors, credit qualities, and issuers, and is benchmarked against the S&P/LSTA Leveraged Loan Index. More than 90% of its assets are typically allocated to floating-rate loans, with additional holdings in asset-backed securities and corporate bonds. It is notable for its diversified credit profile, focusing mainly on loans rated below investment grade, reflecting a higher-risk, higher-yield focus. The fund uses leverage to potentially enhance income but, as with other closed-end structures, this introduces volatility and adds risk. By investing in both domestic and international loans, predominantly denominated in U.S. dollars and major foreign currencies, the trust plays a crucial role in the financial market, offering diversification benefits and low correlation to traditional equities and fixed income instruments for income-seeking investors.