In plain terms — Eaton Vance Floating-Rate Income Trust
Shares currently cost about 10.4% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 9.9% discount, so today's level is not wide for this fund (Z-score -0.1). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 7.9% a year of the share price (7.1% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.12 of assets — a ReinvestCapture™ rate of 8.8%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 1.1% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -10.82% | 0.95% | +0.83 | 55 |
| 6 months | -10.50% | 0.87% | +0.54 | 107 |
| 1 year | -9.91% | 1.24% | -0.10 | 208 |
| 3 years | -4.47% | — | — | — |
| 5 years | -5.47% | — | — | — |
Current contemporaneous premium/discount -10.03% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -13.07% to -6.58%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | +0.76% | -1.85% | -6.11% | -9.25% | -4.39% | -6.91% |
| Market price total return | +1.45% | +0.04% | -1.04% | -1.48% | +5.21% | +2.20% |
| NAV return | -1.08% | -1.33% | -4.43% | -6.10% | -3.41% | -4.07% |
| NAV total return | -0.50% | +0.37% | +0.20% | +1.14% | +5.86% | +4.76% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
Managed by Eaton Vance Management, the Eaton Vance Floating-Rate Income Trust operates as a closed-end investment fund dedicated to fixed-income assets. Its primary investment focus is within the U.S. fixed income markets, specifically concentrating on senior, secured floating-rate loans across diverse sectors. The trust's financial performance is measured against the S&P/LSTA Leveraged Loan Index. It was established and commenced operations on June 29, 2004, and is based in the United States.
CEF Explorer research page for Eaton Vance Floating-Rate Income Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.