Morningstar® Investment Profile™   Morningstar®
Disclosure		   Format
for Print
Eaton Vance VT Floating-Rate Inc ADV
Release date as of 2024-03-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-03-31
Out of 214
Bank Loan Funds
Morningstar®
Style Box™
What is this?
As of 2023-12-31
Total Fund Assets ($ Mil)
570.72
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 0.6
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 93.5
Bullet Cash Cash 5.8
Bullet Other Other 0.1
Asset Allocation Rescaled Graph
Data through 2024-02-29
Morningstar Fixed-Income Sectors
% Fund
Government 0.00
Corporate 91.12
Securitized 3.01
Municipal 0.00
Cash & Equivalents 5.87
Derivative 0.00
Data through 2024-02-29
Credit Analysis
% Bonds
AAA 0.00
AA 0.00
A 0.00
BBB 5.67
BB 23.57
B 60.66
Below B 4.83
Not Rated 5.26
Data through 2023-12-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 12
Total Number of Bond Holdings 482
% of Net Assets in Top 10 Holdings 6.35
Turnover % (as of 2023-12-31) 26.00
30 Day SEC Yield % 8.47
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
APPLIED SYSTEMS FLOATING COUPON 8.8287 MATURITY 20310224 2031-02-24 4,414 4,435 0.77
Epicor 2027-07-30 4,140 4,154 0.72
Les Schwab Tire Centers 2027-11-02 3,920 3,922 0.68
Newfold Digital (fka Endure Digital) 2028-02-10 3,871 3,800 0.66
North American Bancard (NAB) 2028-11-23 3,563 3,557 0.62
MOMENTIVE PERFOR FLOATING COUPON 9.8287 MATURITY 20280329 2028-03-29 3,528 3,462 0.60
ELLUCIAN HOLDING FLOATING COUPON 8.8287 MATURITY 20291029 2029-10-29 3,424 3,428 0.59
PetSmart, Inc. 2028-02-11 3,320 3,314 0.57
Suse Linux 2030-11-11 3,290 3,302 0.57
CDK North America 2029-07-06 3,275 3,287 0.57
Data through 2024-02-29
  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, Other, Restricted/Illiquid Securities, U.S. Government Obligations, Shareholder Activity, Money Market Fund Ownership
Show Risk Definitions
  Other Information
Inception Date: 2014-04-15
Initial Shareclass Inception Date: 2001-05-02
Portfolio Manager(s)
Andrew N. Sveen   (2008-01-30)
Andrew Sveen is a vice president of Eaton Vance Management, co-director of bank loans and portfolio manager on Eaton Vance’s 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 joined Eaton Vance in 1999. Andrew began his career in the investment management industry in 1995. Previously at Eaton Vance, he was director of loan trading and capital markets. Before joining Eaton Vance, he worked as a corporate lending officer at State Street Bank. Andrew earned a B.A. from Dartmouth College and an MBA from the William E. Simon School at the University of Rochester. He is a CFA charterholder. Andrew serves as a member of the board of directors of the Loan Syndications and Trading Association (LSTA). His commentary has appeared in Bloomberg, Financial Times and Reuters.
Michael J. Turgel   (2019-05-01)
Michael Turgel is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's investment-grade fixed-income team. He is also a senior credit analyst with Eaton Vance's Floating-Rate Loan Group. His area of coverage includes the independent power producer, food and metals industries. Michael joined Eaton Vance in 2006. Prior to joining the firm, he worked as an SEC reporting analyst at Boston Communications Group, Inc. from 2003 to 2004 and as an assurance advisory professional for Deloitte & Touche from 1998 to 2003. He earned a bachelor’s degree in Business Administration from the University of Massachusetts, Amherst in 1998 and an M.B.A. from the Leonard N. Stern School of Business at New York University in 2006. He is a CFA charterholder and a member of the Boston Security Analysts Society.
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)
---
Show Data Definitions

© Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.