EBFHX — Eaton Vance Floating-Rate & High Income Fund
Data updated: 2026-09-29
EBFHX — Eaton Vance Floating-Rate & High Income Fund. United States Value Equity · $574.12M AUM. Holdings, fees, performance and SEC filings.
EBFHX Fund Overview
EBFHX — Eaton Vance Floating-Rate & High Income Fund is a US mutual fund managed by Eaton Vance Mutual Funds Trust, categorised as United States Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Eaton Vance Mutual Funds Trust
- Category: United States Value Equity
- Assets under management: $574.12M
- Ticker: EBFHX
- SEC CIK: 0000745463
- SEC series ID: S000005287
- Share class ID: C000014447
EBFHX Investment Objective and Strategy
Eaton Vance Floating-Rate & High Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eaton Vance Mutual Funds Trust.
Investment objective
The Funds investment objective is to provide a high level of current income.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its total assets in a combination of income producing floating rate loans and other floating rate debt securities and high yield corporate bonds. The Fund may not invest more than 20% of its total assets in unsecured high yield corporate bonds. The Fund invests primarily in senior floating rate loans of domestic and foreign borrowers (Senior Loans). The Fund secondarily invests in high yield, high risk corporate bonds. Senior Loans typically are secured with specific collateral and have a claim on the assets and/or stock of the borrower that is senior to subordinated debtholders and stockholders of the borrower. High yield corporate bonds are, and loans usually are of below investment grade quality and have below investment grade credit ratings, which ratings are associated with securities having high risk, speculative characteristics (sometimes referred to as junk).
The Fund may also purchase: other floating rate debt securities; fixed-income debt securities; preferred securities and other hybrid securities (which generally possess characteristics common to both equity and debt securities, many of which have fixed maturities); convertible securities; secured and unsecured subordinated loans, second lien loans and subordinated bridge loans (Junior Loans); and money market instruments. Other floating rate debt securities, fixed-income debt securities and money market instruments may include: bonds, notes and debentures issued by corporations; debt securities issued or guaranteed by the U.S. government or one of its agencies or instrumentalities; and commercial paper. Senior Loans and Junior Loans are referred to together herein as loans. The Fund may invest up to 25% of its total assets in foreign Senior Loans, which must be denominated in U.S.
dollars, euros, British pounds, Swiss francs, Canadian dollars, or Australian dollars, and foreign and emerging market securities, which are predominately U.S. dollar denominated. The Fund may engage in derivative transactions (such as futures contracts and options thereon, interest rate and credit default swaps, credit linked notes, foreign currency exchange contracts and other currency hedging strategies) to seek return, to hedge against fluctuations in securities prices, interest rates or currency exchange rates and/or as a substitute for the purchase or sale of securities or currencies. The Fund may enter into interest rate swaps for risk management purposes only. There is no stated limit on the Funds use of derivatives. Preservation of capital is considered when consistent with the Funds investment objective.
The Fund currently seeks its investment objective by investing at least 65% of total assets in Eaton Vance Floating Rate Portfolio and not more than 20% of total assets in High Income Opportunities Portfolio, separate registered investment companies managed by Eaton Vance Management or its affiliate. To determine the allocation of the Funds assets between the two Portfolios, the portfolio managers of the Portfolios meet periodically and agree upon an appropriate allocation that is consistent with the Funds investment objective and policies and takes into consideration market and other factors. The Funds Board of Trustees intends to submit any material change to the Funds investment objective to its shareholders for approval. The Fund also is authorized to invest in high yield corporate bonds through Boston Income Portfolio and Short Duration High Income Portfolio, separate investment companies managed by Eaton Vance Management or its affiliate with principal investment strategies and risks similar to those of High Income Opportunities Portfolio.
The Fund is not appropriate for investors who cannot assume the greater risk of capital depreciation or loss inherent in seeking higher yields.
EBFHX Holdings
Top 2 holdings of Eaton Vance Floating-Rate & High Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| High Income Opportunities Portfolio | 85.96% |
| Eaton Vance Floating Rate Portfolio | 14.61% |
EBFHX Portfolio Allocation
Asset-class allocation of Eaton Vance Floating-Rate & High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.6% |
EBFHX Costs and Fees
EBFHX costs about $176 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.76%
- Gross expense ratio: 1.76%
- Portfolio turnover: 5%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
EBFHX Cashflows
Over the 12 months to 2026-04, Eaton Vance Floating-Rate & High Income Fund had net outflows of $156.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$7.20M |
| 2026-03 | −$18.16M |
| 2026-02 | −$8.27M |
| 2026-01 | −$4.67M |
| 2025-12 | −$27.96M |
| 2025-11 | −$15.48M |
EBFHX Debt Constituents
No individual debt constituents are reported in Eaton Vance Floating-Rate & High Income Fund's latest SEC N-PORT filing.
EBFHX Prospectus and SEC Filings
Official Eaton Vance Floating-Rate & High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus supplement (497) — filed 2026-06-25
- Prospectus supplement (497) — filed 2025-03-03
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.