Closed-end management investment company investing in senior floating-rate loans and other senior floating-rate debt securities.
Eaton Vance Senior Floating-Rate Trust operates as a closed-ended fixed income mutual fund under the management of Eaton Vance Management. Specializing in the U.S. fixed income markets, the fund focuses predominantly on senior, secured floating rate loans. This investment strategy is designed to provide investors with income that adjusts according to prevailing interest rates, offering a potential hedge against interest rate risk.
The fund benchmarks its performance against the S&P/LSTA Leveraged Loan Index, reflecting its commitment to delivering competitive returns relative to the broader market for leveraged loans. By investing in senior secured loans, Eaton Vance Senior Floating-Rate Trust seeks to prioritize capital preservation and mitigate credit risk, targeting stable income generation over the long term.
Founded on November 28, 2003, Eaton Vance Senior Floating-Rate Trust is headquartered in the United States, positioning itself within the realm of fixed income investments. As part of Eaton Vance Management's portfolio offerings, the fund caters to investors seeking exposure to senior secured loans, aiming to capitalize on potential income opportunities while managing market risk through its strategic investment approach.