Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust (EFR) is a closed-ended fixed income mutual fund that focuses on investing in senior, secured floating rate loans in the United States. The fund is managed by Eaton Vance Management and aims to provide current income and capital appreciation. Its portfolio primarily consists of senior floating-rate loans, which are loans made to companies that have variable interest rates, helping to mitigate interest rate risk. The fund benchmarks its performance against the S&P/LSTA Leveraged Loan Index, a widely recognized index for the leveraged loan market. EFR was formed on November 28, 2003, and is domiciled in the United States.

Eaton Vance Senior Floating-Rate Trust (EFR) is listed on the New York Stock Exchange (NYSE) under the ticker symbol EFR. The fund trades in US Dollars (USD), which is the currency of its primary market. As a closed-end fund listed on a major US exchange, it provides liquidity to investors who can buy and sell shares on the secondary market. The NYSE listing ensures that the fund is subject to the regulatory oversight of the US Securities and Exchange Commission (SEC) and adheres to the exchange's listing standards.

Eaton Vance Senior Floating-Rate Trust (EFR) operates in the Financial Services sector, specifically within the Asset Management industry. As an asset management company, it manages a portfolio of fixed-income securities, primarily senior floating-rate loans. The fund's focus on asset management means it generates revenue through management fees and other expenses charged to the fund's assets. The Asset Management industry includes firms that manage investments on behalf of individuals, institutions, and other entities, and EFR's closed-end fund structure is a common vehicle for such investment strategies.

Eaton Vance Senior Floating-Rate Trust (EFR) operates as a closed-end fund, meaning it raises capital through an initial public offering and then invests that capital in a portfolio of senior, secured floating-rate loans. The fund generates returns primarily through interest income earned on the loans in its portfolio. Because the loans have floating interest rates, the income can adjust with changes in benchmark rates, potentially offering a hedge against rising interest rates. The fund's performance is benchmarked against the S&P/LSTA Leveraged Loan Index, which tracks the performance of the leveraged loan market. Investors in EFR receive distributions from the fund's net investment income and any capital gains. The fund is managed by Eaton Vance Management, which charges management fees based on the fund's assets.