EFT CEF — Eaton Vance Floating Rate Income Closed Fund

Eaton Vance Floating Rate Income Closed Fund (EFT)

EFT is a low-cost CEF. its distribution rate is 8.10%, its trailing-12-month yield is 8.63%. Dividend Vision Distribution Safety Score™ is 59/100 (Caution). Total return is 169.7% over the past 22.2 years, 736.2 points behind SPY at 905.9%.

At the current 8.10% distribution rate, a $10,000 investment would generate approximately $810 per year, or $67.50 per month.

EFT performance versus SPY

Price and return data through 2026-09-18.

Total return is 169.7% over the past 22.2 years, 736.2 points behind SPY at 905.9%. Over the past year its total return — price change plus distributions reinvested — is -4.6%. Its deepest 1-year drawdown was 9.9%.

EFT key facts

Distribution Safety Score™

59 · Caution

Safety-Adjusted Yield

4.78%

Issuer

Eaton Vance

Asset type

CEF

Asset class

Fixed Income

Inception date

06/25/2004

Distribution rate

8.10%

Distribution frequency

Monthly

Trailing yield

8.63%

5-year average yield

8.88

Last close

$10.52 (as of 2026-09-18)

NAV

N/A

Premium / discount

N/A

Market cap

$280,930,080

Average volume

36600.0

Next dividend

$0.071

Last ex-dividend date

09/15/2026 (as of 2026-09-15)

Next payment date

09/30/2026 (as of 2026-09-30)

Beta

0.427

How Dividend Vision calculates yield and returns

Distribution rate (8.10%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (8.63%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Eaton Vance; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

EFT risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.9%.

Who may consider EFT — and who may not

EFT may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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