Eaton Vance Floating-Rate ETF
$48.22−0.01 (−0.01%)
- 0.60%
- $1.7B
- +4.2%
- 6.73%
- 0.1M sh
- $48.36
- low $48.08high $49.80
The ETF.net EVLN Grade
D
Score 34 out of 100
- 27 of 34
Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F8 out of 100Rank 31 of 34Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 25 of 33Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 12 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B61 out of 100Rank 14 of 34Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A81 out of 100Rank 6 of 34
Our read on EVLN
DMost funds in this aisle buy AAA-rated CLO tranches. EVLN goes a layer down and picks the underlying corporate loans itself: an actively run floating-rate credit book from Eaton Vance's long-tenured loan desk.
The Fund seeks a high level of current income.
Why people hold it
- Holds at least 80% of assets in floating-rate credit, led by senior secured corporate loans chosen one at a time rather than a passive slice of CLO paper.aaii.com
- Coupons reset with short-term rates, so the portfolio carries little interest-rate duration by design. This is an income mandate, not a rate call.
- Distributions land monthly, and the fund has grown into the multi-billion-dollar range since its 2024 launch.
- The mandate is global, covering loans to domestic and foreign borrowers rather than a US-only book.aaii.com
Worth knowing
- Costs 0.60% a year against a 0.25% peer median, and the AAA CLO funds it sits beside (JAAA, CLOA, PAAA) run near 0.20%. Active loan picking is what the extra buys.
- The mandate reaches past senior loans into CLO debt tranches, second lien and mezzanine credit, further down the capital stack than a AAA-only fund.aaii.com
- Launched in 2024, so the record inside the ETF wrapper is still short.
EVLN Holdings
- Other
- 476
- 21%
- Msilf Government
Geography
- United States93.02%
- Canada2.35%
- Netherlands1.57%
- Luxembourg1.33%
- Germany0.72%
- United Kingdom0.43%
- France0.43%
- Sweden0.15%
EVLN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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EVLN$10,418
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EVLN |
|---|---|
| Year to date | +2.4% |
| 1 month | −0.6% |
| 3 months | +0.7% |
| 1 year | +4.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EVLN |
|---|---|---|
| 2026 YTD | +2.4% | |
| 2025 | +5.6% | |
| 2024 | +7.3% |
EVLN in the news
EVLN Dividends
- 6.73%
- $3.24
- $0.27 per share
- Monthly
Distribution history
EVLN Risk
- 2.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.77
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −2.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EVLN Cost
0.60%
EVLN0.60%
- The middle half of Collateralized Loan Obligations (CLO) funds
- Median 0.29%
30 of the 34 Collateralized Loan Obligations (CLO) funds charge less.
Other funds in Collateralized Loan Obligations (CLO)
- DBCLOiShares BBB-B CLO Active ETFExpense ratio 0.45%1 year return +6.2%
- DDSCODoubleLine Securitized Credit ETFExpense ratio 0.50%1 year return —
- DRAARReckoner Yield Enhanced AAA CLO Reinvesting ETFExpense ratio 0.40%1 year return —
- DABIVictoryShares Pioneer Asset-Based Inc ETFExpense ratio 0.87%1 year return +4.5%
- DCLOCAAM Crescent CLO ETFExpense ratio 0.49%1 year return —