Eaton Vance Floating-Rate ETF
$48.82−0.15 (−0.31%)
- Expense ratio
- 0.60%
- Fund size
- $1.5B
- 1Y return
- +4.8%
- Yield · Last 12 months
- 6.66%
- Holdings
- 469
- Volume · 30D
- 0.1M sh
- NAV per share
- $48.86
- 52W range
The ETF.net EVLN Grade
Score 38 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 8Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 36Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 62Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
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
- 469
- 15%
- MSILF GOVERNMENT
Geography
- United States93.42%
- Canada1.93%
- Netherlands1.58%
- Luxembourg1.19%
- Germany0.84%
- France0.52%
- United Kingdom0.34%
- Sweden0.18%
EVLN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +3.4% |
| 1 month | +0.7% |
| 3 months | +1.9% |
| 1 year | +4.8% |
| 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 | +3.4% | |
| 2025 | +5.6% | |
| 2024 | +7.3% |
EVLN in the news
ETF.net Research hasn’t filed on EVLN yet — coverage lands here as it’s written.
EVLN Dividends
- 6.66%
- $3.26
- $0.26 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 4, 2026 | $0.26 |
| Jul 31, 2026 | Aug 6, 2026 | $0.26 |
| Jun 30, 2026 | Jul 7, 2026 | $0.26 |
| May 29, 2026 | Jun 4, 2026 | $0.27 |
| Apr 30, 2026 | May 6, 2026 | $0.26 |
| Mar 31, 2026 | Apr 7, 2026 | $0.28 |
| Feb 27, 2026 | Mar 5, 2026 | $0.24 |
| Jan 30, 2026 | Feb 5, 2026 | $0.29 |
| Dec 23, 2025 | Dec 30, 2025 | $0.29 |
| Nov 28, 2025 | Dec 4, 2025 | $0.28 |
| Oct 31, 2025 | Nov 6, 2025 | $0.28 |
| Sep 30, 2025 | Oct 6, 2025 | $0.28 |
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.
- 0.87
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
- The middle half of Collateralized Loan Obligations (CLO) funds
- Median 0.29%
30 of the 34 Collateralized Loan Obligations (CLO) funds charge less.