Eaton Vance Floating Rate Income Closed Fund (EFT) - Net Assets
Based on the latest financial reports, Eaton Vance Floating Rate Income Closed Fund (EFT) has net assets worth $333.91 Million USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($528.17 Million) and total liabilities ($194.26 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore total assets of Eaton Vance Floating Rate Income Closed for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $333.91 Million |
| % of Total Assets | 63.22% |
| Annual Growth Rate | -6.51% |
| 5-Year Change | -41.37% |
| 10-Year Change | -41.82% |
| Growth Volatility | 13.88 |
Eaton Vance Floating Rate Income Closed Fund - Net Assets Trend (2007–2025)
This chart illustrates how Eaton Vance Floating Rate Income Closed Fund's net assets have evolved over time, based on quarterly financial data. Check Eaton Vance Floating Rate Income Closed (EFT) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Eaton Vance Floating Rate Income Closed Fund (2007–2025)
The table below shows the annual net assets of Eaton Vance Floating Rate Income Closed Fund from 2007 to 2025. For live valuation and market cap data, see Eaton Vance Floating Rate Income Closed (EFT) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $340.39 Million | -2.46% |
| 2024-05-31 | $348.99 Million | -5.57% |
| 2023-05-31 | $369.56 Million | -4.08% |
| 2022-05-31 | $385.30 Million | -33.64% |
| 2021-05-31 | $580.59 Million | +11.77% |
| 2020-05-31 | $519.46 Million | -14.34% |
| 2019-05-31 | $606.41 Million | -2.54% |
| 2018-05-31 | $622.24 Million | +0.24% |
| 2017-05-31 | $620.77 Million | +6.10% |
| 2016-05-31 | $585.10 Million | -6.15% |
| 2015-05-31 | $623.44 Million | -2.75% |
| 2014-05-31 | $641.08 Million | -0.89% |
| 2013-05-31 | $646.84 Million | +13.30% |
| 2009-05-31 | $570.93 Million | -24.22% |
| 2008-05-31 | $753.37 Million | -34.14% |
| 2007-05-31 | $1.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eaton Vance Floating Rate Income Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 6388.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $265.78K | 0.08% |
| Other Components | $434.97 Million | 127.78% |
| Total Equity | $340.39 Million | 100.00% |
Eaton Vance Floating Rate Income Closed Fund Competitors by Market Cap
The table below lists competitors of Eaton Vance Floating Rate Income Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daqing Huake Co Ltd
SHE:000985
|
$283.99 Million |
|
Maritima De In
SN:MARINSA
|
$284.12 Million |
|
OmniAb Inc.
NASDAQ:OABI
|
$284.15 Million |
|
Minfeng Special Paper Co Ltd
SHG:600235
|
$284.28 Million |
|
Zhejiang Yangfan New Materials Co Ltd
SHE:300637
|
$283.74 Million |
|
DYNAGREEN EN.PR.GR.H YC 1
F:DYN
|
$283.64 Million |
|
FVCBankcorp Inc
NASDAQ:FVCB
|
$283.63 Million |
|
Anhui Sentai WPC Group Share Co. Ltd.
SHE:301429
|
$283.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eaton Vance Floating Rate Income Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 348,989,138 to 340,391,823, a change of -8,597,315 (-2.5%).
- Net income of 19,631,892 contributed positively to equity growth.
- Dividend payments of 32,371,370 reduced retained earnings.
- New share issuances of 4,142,163 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.63 Million | +5.77% |
| Dividends Paid | $32.37 Million | -9.51% |
| Share Issuances | $4.14 Million | +1.22% |
| Total Change | $- | -2.46% |
Book Value vs Market Value Analysis
This analysis compares Eaton Vance Floating Rate Income Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.60x to 0.83x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-05-31 | $17.86 | $10.68 | x |
| 2014-05-31 | $16.08 | $10.68 | x |
| 2015-05-31 | $15.64 | $10.68 | x |
| 2016-05-31 | $14.68 | $10.68 | x |
| 2017-05-31 | $15.57 | $10.68 | x |
| 2018-05-31 | $15.67 | $10.68 | x |
| 2019-05-31 | $15.21 | $10.68 | x |
| 2020-05-31 | $13.03 | $10.68 | x |
| 2021-05-31 | $14.56 | $10.68 | x |
| 2022-05-31 | $13.24 | $10.68 | x |
| 2023-05-31 | $12.70 | $10.68 | x |
| 2024-05-31 | $13.32 | $10.68 | x |
| 2025-05-31 | $12.83 | $10.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eaton Vance Floating Rate Income Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 59.16%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.64x
- Recent ROE (5.77%) is above the historical average (2.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 7.47% | 91.40% | 0.08x | 1.03x | $-28.95 Million |
| 2008 | -3.45% | -31.19% | 0.08x | 1.40x | $-101.34 Million |
| 2009 | -24.73% | -249.40% | 0.08x | 1.21x | $-198.27 Million |
| 2013 | 10.37% | 127.72% | 0.05x | 1.68x | $2.42 Million |
| 2014 | 4.62% | 60.22% | 0.05x | 1.62x | $-34.52 Million |
| 2015 | 2.87% | 36.67% | 0.05x | 1.63x | $-44.47 Million |
| 2016 | 0.55% | 9.78% | 0.04x | 1.56x | $-55.31 Million |
| 2017 | 11.35% | 150.02% | 0.05x | 1.58x | $8.39 Million |
| 2018 | 5.54% | 97.68% | 0.04x | 1.59x | $-27.75 Million |
| 2019 | 3.13% | 96.01% | 0.02x | 1.56x | $-41.63 Million |
| 2020 | -9.01% | 0.00% | -0.06x | 1.56x | $-98.74 Million |
| 2021 | 15.56% | 98.99% | 0.10x | 1.62x | $32.29 Million |
| 2022 | -3.33% | 0.00% | -0.02x | 1.61x | $-51.37 Million |
| 2023 | 4.04% | 96.44% | 0.03x | 1.57x | $-22.03 Million |
| 2024 | 15.85% | 96.67% | 0.10x | 1.61x | $20.42 Million |
| 2025 | 5.77% | 59.16% | 0.06x | 1.64x | $-14.41 Million |
Industry Comparison
This section compares Eaton Vance Floating Rate Income Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,105,339,023
- Average return on equity (ROE) among peers: 18.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eaton Vance Floating Rate Income Closed Fund (EFT) | $333.91 Million | 7.47% | 0.58x | $283.85 Million |
| Acadian Asset Management Inc (AAMI) | $384.40 Million | 74.58% | 2.59x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.16 Billion | 6.78% | 0.01x | $3.37 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $160.40 Million | 149.15% | 0.14x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $5.74 Million | 8.75% | 0.01x | $4.53 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $397.56 Million |
| Affiliated Managers Group Inc (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $5.59 Billion | 37.54% | 23.56x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $1.00 Billion | 15.72% | 0.06x | $30.17 Million |
About Eaton Vance Floating Rate Income Closed Fund
Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/… Read more