EV Floating Rate Fund

MORNINGSTAR CATEGORY TICKER SYMBOL FACTSHEET Bank Loan EAFAX 1Q24 EIFAX Eaton Vance Floating-Rate Advantage Fund A diversified, research-driven approach to floating-rate loan investing. The Fund: Managed by Eaton Vance, a pioneer in floating rate loans since 1989, this portfolio diversifier FLOATING-RATE LOAN TEAM provides broad exposure to the floating rate loan market. In depth, bottom up credit research and broad diversification are this Fund's cornerstones, managed by one of America's largest and most experienced loan JOINED INDUSTRY managers. Investment Team FIRM EXPERIENCE Andrew N. Sveen, CFA 1999 29 Years The Approach: Invests broadly across the floating rate loan market, providing diversified exposure to the asset class and its many sectors, credit tiers and issuers. Fund employs leverage for the purpose of acquiring additional Ralph Hinckley, CFA 2003 27 Years income-producing investments, which may increase risk and return potential. Jake Lemle, CFA 2007 17 Years The Features: Floating rate loans have typically performed with low correlation to traditional equity and fixed Team members may be subject to change at any time without income markets, providing important diversification benefits for investor portfolios. Low duration and loans' notice. floating rate structure may help reduce interest rate risk and lower portfolio volatility. Morningstar Overall Rating Growth of $10,000 (10-year period ended March 31, 2024)   CLASS A SHARES CLASS I SHARES 17,500 Out of 214 Funds. Based on Risk Adjusted Return. Class A and Class I Ratings: 3-year: 4 and 4 stars, respectively ; 5-year: 15,000 3 and 4 stars, respectively ; 10-year: 4 and 5 stars, respectively. The total number of funds in the Bank Loan 12,500 category for the 3, 5 and 10 year periods are 214, 206 and 169, respectively. 10,000 Fund Facts Class A inception 03/17/2008 7,500 Class I inception 03/17/2008 Mar-14 Jul-17 Nov-20 Mar-24 Performance inception 08/04/1989 Investment objective High current income Class A Shares Benchmark Morningstar LSTA US Leveraged Loan TR USD Index Investment Performance (% net of fees) in USD Distribution frequency Monthly Cumulative (%) Annualized (% p.a.) Total net assets $ 5.7 billion 1Q24 YTD 1 YR 3 YR 5 YR 10 YR Total investments $ 5.90 million Class A Shares 2.39 2.39 12.87 5.31 4.71 4.29 Class A expense ratio 2.82 % Class I Shares 2.46 2.46 13.15 5.57 4.99 4.56 Class I expense ratio 2.57 % A Shares with Max. 3.25% Sales Charge -0.95 -0.95 9.19 4.16 4.03 3.95 Class A adjusted expense ratio 1.00 % Morningstar LSTA US Leveraged Loan TR 2.46 2.46 12.47 5.99 5.48 4.55 Class I adjusted expense ratio 0.75 % USD Index Adjusted Expense Ratios excludes certain investment expenses Calendar Year Returns (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 such as interest expense from borrowings and repurchase Class A Shares 14.04 -3.14 5.15 1.63 8.62 0.12 4.87 12.67 -1.84 0.69 agreements and dividend expense from short sales, incurred directly by the Fund or indirectly through the Fund’s investment Class I Shares 14.44 -3.00 5.41 1.88 9.00 0.28 5.14 12.94 -1.60 0.94 in underlying Eaton Vance Funds, if applicable none of which are Morningstar LSTA US Leveraged Loan TR 13.32 -0.77 5.20 3.12 8.64 0.44 4.12 10.16 -0.69 1.60 paid to Eaton Vance. USD Index Symbols & CUSIPs Performance data quoted represents past performance, which is no guarantee of future results, and current performance Class A EAFAX 277923660 may be lower or higher than the figures shown. For the Fund’s performance as of the most recent month-end, please refer Class Advisers EVFAX 277923678 to eatonvance.com. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth Class C ECFAX 277923645 more or less than their original cost. Class I EIFAX 277923637 Performance and fund information is as of March 31, 2024, unless otherwise noted. Returns are net of fees and assume Class R6 EFRRX 27826A623 the reinvestment of all dividends and income. Returns for less than one year are cumulative (not annualized). Performance of other share classes will vary. Characteristics FUND Growth of Investment illustration assumes reinvestment of dividends and capital gains and application of fees, but does Number of Loan Issuers 399 not include sales charges. Performance would have been lower if sales charges had been included. Results are Average Maturity (yrs.) 4.61 hypothetical. Average Duration (yrs.) 0.42 Total return prior to the commencement of A and I Shares reflects returns of Eaton Vance Prime Rate Reserves, the Average Price ($) 96.61 Fund’s Predecessor, adjusted, where indicated, to reflect applicable sales charges (but were not adjusted for other Leverage from Borrowings 20.99 expenses). If adjusted for other expenses, returns would be lower. SEC 30-day yield (%) Class A 8.83 Where the net expense ratio is lower than the gross expense ratio, certain fees have been waived and/or expenses SEC 30-day yield (%) Class I 9.39 reimbursed. These waivers and/or reimbursements will continue for at least one year from the date of the applicable fund’s Top 10 Issuers (% of Total Net Assets) FUND current prospectus (unless otherwise noted in the applicable prospectus) or until such time as the fund's Board of Directors/Trustees acts to discontinue all or a portion of such waivers and/or reimbursements. Absent such waivers and/or TransDigm Inc. 1.10 reimbursements, returns would have been lower. Expenses are based on the fund's current prospectus. The minimum Epicor Software Corporation 1.05 investment is $1,000 for A Shares and $1,000,000 for I Shares. Carnival Corporation 1.01 Applied Systems Inc. 0.91 Go Daddy Operating Company LLC 0.86 American Airlines Inc. 0.81 Ineos US Finance LLC 0.80 Uber Technologies Inc. 0.74 Stars Group Holdings B.V. (The) 0.73 Select Medical Corporation 0.73 NOT FDIC INSURED | OFFER NO BANK GUARANTEE | MAY LOSE VALUE | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | NOT A DEPOSIT