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Eaton Vance VT Floating-Rate Inc ADV
Release date as of 2025-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2025-04-30
Out of 216
Bank Loan Funds
Morningstar®
Style Box™
What is this?
As of 2025-03-31
Total Fund Assets ($ Mil)
560.96
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to provide a high level of current income.
The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in income producing floating rate loans and other floating rate debt securities. It invests primarily in senior floating rate loans of domestic and foreign borrowers ("Senior Loans"). Loans usually are of below investment grade quality and have below investment grade credit ratings, such ratings are associated with securities having high risk and speculative characteristics (sometimes referred to as "junk").
  Morningstar Category: Bank Loan
Bank-loan portfolios primarily invest in floating-rate bank loans and floating-rate below investment-grade securities instead of bonds. In exchange for their credit risk, these loans offer high interest payments that typically float above a common short-term benchmarks such as Libor or SOFR. 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 1.2
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 95.7
Bullet Cash Cash 3.1
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2025-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 0.00
Corporate 95.43
Securitized 1.46
Municipal 0.00
Cash & Equivalents 3.11
Derivative 0.00
Data through 2025-03-31
Credit Analysis
% Bonds
AAA 0.00
AA 0.00
A 0.00
BBB 5.37
BB 24.27
B 63.77
Below B 4.61
Not Rated 1.98
Data through 2025-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 13
Total Number of Bond Holdings 466
% of Net Assets in Top 10 Holdings 8.50
Turnover % (as of 2024-12-31) 34.00
30 Day SEC Yield % 7.71
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Msilf Government Portfolio Msilf Government Portfolio 2030-12-31 8,871 8,871 1.63
Epicor 2031-05-30 5,556 5,548 1.02
Alliant Holdings Intermediate, LLC 2031-09-19 4,339 4,317 0.80
UKG Inc. 2031-02-10 4,314 4,310 0.79
Les Schwab Tire Centers 2031-04-23 4,313 4,289 0.79
Ineos Us Finance Llc 2030-02-18 4,196 4,042 0.74
Applied Systems, Inc. 2031-02-24 3,885 3,888 0.72
Focus Financial Partners, LLC 2031-09-15 3,774 3,742 0.69
Citrix 2029-03-29 3,683 3,653 0.67
Stars / Amaya / Flutter 2030-11-30 3,555 3,545 0.65
Data through 2025-03-31
  Principal Risks   
Lending, Credit and Counterparty, Foreign Securities, Long-Term Outlook and Projections, Loss of Money, Not FDIC Insured, Active Management, Interest Rate, Market/Market Volatility, High-Yield Securities, Restricted/Illiquid Securities, U.S. Government Obligations, Shareholder Activity, Portfolio Diversification, Money Market Fund Ownership
Show Risk Definitions
  Other Information
Inception Date: 2014-04-15
Portfolio Manager(s)
Michael Turgel   (2019-05-01)
Michael Turgel is a portfolio manager on the Floating-Rate Loan team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s floating-rate loan strategies. He also focuses on coverage of the independent power producer, food and metals industries. He joined Eaton Vance in 2006. Morgan Stanley acquired Eaton Vance in March 2021. Michael began his career in the investment management industry in 2005. Before joining Eaton Vance, he worked as an SEC reporting analyst at Boston Communications Group, Inc. and as an assurance advisory professional for Deloitte & Touche. He earned a bachelor’s degree from the University of Massachusetts, Amherst and an MBA from the Leonard N. Stern School of Business at New York University. He is a member of the CFA Society Boston and is a CFA charterholder.
Jeffrey R. Hesselbein   (2019-05-01)
Hesselbein is a Vice President of Eaton Vance, has been employed by Eaton Vance for more than five years and manage other Eaton Vance floating-rate loan portfolios.
Investment Advisor(s)
Eaton Vance Management
Issuer
Eaton Vance
Subadvisor(s)
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Show Data Definitions

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