Eaton Vance Floating Rate I (EIBLX) Fund Overview
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Beta 0.06: the stock has moved about 94% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerEaton Vance Floating Rate I (EIBLX) trades at $7.80. Eaton Vance Floating Rate I is a closed-end management investment company. The fund primarily invests in income-producing floating rate loans and debt securities, focusing on below-investment-grade senior loans. Sector: Financials.
Price as of · Last analyzed: Mar 18, 2026Analyst Coverage for EIBLX: EIBLX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Eaton Vance Floating Rate I (EIBLX) Financial Services Profile
Eaton Vance Floating Rate I (EIBLX) is a closed-end fund specializing in floating rate loans and debt securities, primarily senior loans of below investment grade quality, offering investors exposure to higher-yield debt instruments within the asset management sector, while carrying higher risk.
What Is the Investment Thesis for EIBLX?
Eaton Vance Floating Rate I presents an investment opportunity for those seeking income from floating rate loans, particularly senior loans of below-investment-grade quality. With a beta of 0.06, the fund exhibits low volatility relative to the broader market. The fund's strategy of investing in floating rate loans offers a hedge against rising interest rates. However, the fund's focus on below-investment-grade loans introduces a higher level of credit risk. The fund's performance is closely tied to the creditworthiness of the borrowers and the overall health of the economy. While the fund does not currently offer a dividend yield, the income generated from the floating rate loans is a key value driver. Investors should carefully consider the risks associated with below-investment-grade debt and the potential for defaults or downgrades. The fund's net asset value and market price will be influenced by changes in interest rates, credit spreads, and the overall market sentiment towards high-yield debt.
Based on FMP financials and quantitative analysis
EIBLX Key Highlights
The fund invests at least 80% of its total assets in income producing floating rate loans and other floating rate debt securities.
- The fund primarily invests in senior floating rate loans of domestic and foreign borrowers.
- Loans usually are of below investment grade quality and have below investment grade credit ratings.
- The fund has a beta of 0.06, indicating low volatility relative to the market.
- The fund has a market capitalization of $3.23 billion.
Who Are EIBLX's Competitors?
EIBLX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| EADOX Eaton Vance Emerging Markets Debt Opportunities - Class A | $8.59 | 0.00% | $5.11B | — |
| FAATX American Funds 2010 Target Date Retirement Fd Cl F-1 | $12.37 | +0.08% | $3.66B | — |
| FRVLX Franklin Small Cap Value Fund, Class A | $64.74 | +0.97% | $4.04B | — |
| JSVAX Janus Henderson Contrarian Fund - T Shares | $31.71 | +1.60% | $5.65B | — |
| PLFDX Aristotle Floating Rate Income Fund Class I-2 | $9.26 | 0.00% | $3.80B | — |
| BLK BlackRock, Inc. | $1059.63 | -0.44% | $164B | 49 5-pillar |
| BX Blackstone Inc. | $111.74 | -0.45% | $135B | 67 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | -0.23% | $74.8B | 55 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are EIBLX's Key Strengths?
Experienced management team at Eaton Vance.
- Focus on floating rate loans provides a hedge against rising interest rates.
- Diversified portfolio of senior loans.
- Established track record in managing fixed-income investments.
What Are EIBLX's Weaknesses?
Exposure to below-investment-grade loans increases credit risk.
- Fund performance is sensitive to changes in interest rates and credit spreads.
- Closed-end fund structure can lead to price volatility.
- Lack of dividend yield may deter some investors.
What Are the Key Risks for EIBLX?
Credit risk associated with below-investment-grade loans.
- Interest rate risk, although mitigated by the floating rate nature of the loans.
- Liquidity risk, as some loans may be difficult to sell quickly.
- Market risk, as the fund's performance is subject to overall market conditions.
- Regulatory risk, as changes in regulations could impact the fund's investment strategy.
What Threats Does EIBLX Face?
- Economic downturn could lead to increased loan defaults.
- Increased competition from other asset managers.
- Changes in regulations could impact the fund's investment strategy.
- Geopolitical risks could affect the performance of foreign loans.
What Are EIBLX's Competitive Advantages?
- Established brand name and reputation of Eaton Vance Management.
- Access to a specialized segment of the debt market.
- Experienced investment team with expertise in floating rate loans.
What Does EIBLX Do?
Eaton Vance Floating Rate I is a closed-end management investment company focused on generating income through investments in floating rate loans and debt securities. The fund directs at least 80% of its total assets into income-producing floating rate loans and other floating rate debt instruments. A significant portion of its investments are allocated to senior floating rate loans of both domestic and foreign borrowers. These loans are typically of below-investment-grade quality, often referred to as 'junk' bonds, indicating a higher risk profile but also the potential for higher returns. The fund's investment strategy is designed to capitalize on the fluctuating interest rate environment, as the floating rate nature of the loans adjusts with changes in prevailing interest rates. Eaton Vance Floating Rate I provides investors with access to a specialized segment of the debt market, offering diversification and potential income generation, albeit with an elevated level of credit risk due to the nature of the underlying assets. The fund is managed by Eaton Vance Management, a well-established investment management firm with a long history of managing fixed-income and other investment strategies. The fund's objective is to provide current income, and it seeks to achieve this by investing in a diversified portfolio of floating rate loans.
What Products and Services Does EIBLX Offer?
- Invests primarily in senior floating rate loans of domestic and foreign borrowers.
- Focuses on income-producing floating rate loans and other floating rate debt securities.
- Targets loans that are usually of below investment grade quality.
- Manages a portfolio of assets to generate current income.
- Provides investors access to a diversified portfolio of floating rate loans.
- Offers a closed-end fund structure for investing in this asset class.
How Does EIBLX Make Money?
- Generates income by investing in floating rate loans and debt securities.
- Manages a portfolio of assets on behalf of investors.
- Charges management fees based on assets under management (AUM).
What Industry Does EIBLX Operate In?
Eaton Vance Floating Rate I operates within the asset management industry, specifically focusing on fixed-income investments, particularly floating rate loans. The asset management industry is characterized by intense competition, with firms vying for assets under management (AUM) by offering a variety of investment strategies and products. The market for floating rate loans has grown significantly in recent years, driven by investor demand for income-generating assets and protection against rising interest rates. The competitive landscape includes other closed-end funds, mutual funds, and exchange-traded funds (ETFs) that invest in similar types of assets. Eaton Vance Floating Rate I differentiates itself through its specific focus on senior floating rate loans of below-investment-grade quality.
Who Are EIBLX's Key Customers?
- Individual investors seeking income from floating rate loans.
- Institutional investors looking for exposure to high-yield debt.
- Financial advisors seeking investment options for their clients.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
EIBLX Financials
Bull Case vs Bear Case
Bull Case
- Experienced management team at Eaton Vance.
- Focus on floating rate loans provides a hedge against rising interest rates.
- Diversified portfolio of senior loans.
- Established track record in managing fixed-income investments.
Bear Case
- Exposure to below-investment-grade loans increases credit risk.
- Fund performance is sensitive to changes in interest rates and credit spreads.
- Closed-end fund structure can lead to price volatility.
- Lack of dividend yield may deter some investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
EIBLX Latest News
No recent news available for EIBLX.
EIBLX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for EIBLX.
Price Targets
Wall Street price target analysis for EIBLX.
EIBLX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for EIBLX; grades run from A+ (80-100) to F (below 30).
Common Questions About EIBLX (Financials)
What do analysts say about EIBLX stock?
Generally, closed-end funds like EIBLX are evaluated based on their net asset value (NAV), market price, and the difference between the two (premium or discount). Key valuation metrics include the fund's yield, expense ratio, and historical performance.
What are the main risks for EIBLX?
The primary risks for Eaton Vance Floating Rate I include credit risk, interest rate risk, and market risk. Credit risk arises from the fund's investment in below-investment-grade loans, which are more likely to default than higher-rated debt.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The information provided is based on available data and is subject to change.
- Investment decisions should be made after consulting with a qualified financial advisor.