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XEFRX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    12.5022$
  • Previous Close
    12.5022$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

XEFRX.US is the ticker symbol for the Eaton Vance Floating-Rate Income Fund, a closed-end fund traded on the New York Stock Exchange (NYSE). This fund primarily invests in floating-rate loans, also known as leveraged loans or bank loans, which are debt instruments whose interest rates adjust periodically based on a benchmark rate like LIBOR or SOFR. The fund aims to provide current income and the ticker symbol identifies it for trading and tracking purposes.
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Factors

The output should include at least 3 factors. Market Interest Rates: Rising interest rates generally decrease bond prices, as newer bonds offer higher yields, making older, lower-yielding bonds less attractive.

Economic Growth: Stronger economic growth may lead to inflation expectations, prompting the Federal Reserve to raise interest rates, which can negatively impact bond prices.

Credit Quality: Downgrades in the credit ratings of issuers of bonds held in the fund can lead to price declines, reflecting increased risk of default.

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