Senior Floating-Rate Trust
| NAV 1
|
09/01/2010 Quote 14.50  0.01 |
|
| Market 2 |
09/01/2010 Quote 15.07  0.15 |
|
|
1 Net Asset
Value: without sales charge.
2 Market Price.
|
Investment Objective and Policies
 |
| The Trust seeks to provide a high level of current income. As a secondary objective, it may also seek preservation of capital to the extent consistent with its primary goal of high current income. Under normal market conditions, the trust will invest at least 80% of its total assets in senior, secured floating-rate loans. |
General Data
|
| Symbol |
EFR |
| CUSIP |
27828Q105 |
| Fund Inception Date |
11/28/2003 |
| Performance Inception Date |
11/28/2003 |
| Portfolio Turnover Rate |
42%
for the fiscal year ending 10/31/2009
|
Yield Information as of 8/20/2010
|
| SEC 7-Day Yield |
0.09% |
SEC 7 day yield is annualized net investment income per share for the 7-day period shown. Yields are historical, will fluctuate and can more closely reflect the current earnings of a fund than the total return quotation.
|
Morningstar Rating
|
Morningstar Ratings™ as of
Category
|
| |
| |
| (Based
on Risk-Adjusted Returns) |
The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.
© 2010 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers is responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund’s monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.
|
Performance
|
|
AVERAGE
ANNUAL TOTAL RETURNS |
Past performance is no guarantee of future results. Returns are historical and are
calculated by determining the percentage change in net asset value or market price
(as applicable) with all distributions reinvested. The Fund’s performance at market
market price will differ from its results at NAV. Although market price performance
generally reflects investment results over time, during shorter periods, returns at
market price can also be affected by factors such as changing perceptions about the
Fund, market conditions, fluctuations in supply and demand for the Fund’s shares, or
changes in Fund distributions. Investment return and principal value will fluctuate
so that shares, when sold, may be worth more or less than their original cost.
Performance is for the stated time period only; due to market volatility, the
Fund’s current performance may be lower or higher than quoted.
Performance results reflect the effects of leverage resulting from the Fund’s issuance of Auction Preferred Shares.
For certain periods following the ex date of distributions paid by the Fund, returns may be calculated based on the lower of the net asset value or market price of the shares on the distribution pay date rather than the true distribution reinvestment price.
|
| For the periods ended August 31, 2010 |
|
|
|
|
|
|
| Returns at NAV 1 |
1 Year |
3 Year |
5 Year |
10 Year |
Life of Fund |
| Return Before Taxes |
+20.48% |
+2.46% |
+3.26% |
|
+3.79% |
|
|
|
|
|
|
| Returns at Market 2 |
1 Year |
3 Year |
5 Year |
10 Year |
Life of Fund |
| Return Before Taxes |
+36.00% |
+6.24% |
+5.34% |
|
+4.55% |
| For the periods ended June 30, 2010 |
|
|
|
|
|
|
| Returns at NAV 1 |
1 Year |
3 Year |
5 Year |
10 Year |
Life of Fund |
| Return Before Taxes |
+29.34% |
-0.31% |
+3.07% |
|
+3.45% |
|
|
|
|
|
|
| Returns at Market 2 |
1 Year |
3 Year |
5 Year |
10 Year |
Life of Fund |
| Return Before Taxes |
+51.31% |
+0.52% |
+4.87% |
|
+4.00% |
| Calendar Year Performance (Before Taxes) |
| |
YTD 08/31/2010 |
2009
|
2008
|
2007
|
2006
|
2005
|
11/28/2003 to
06/30/2010 |
NAV 1 |
+10.06%
|
+91.73%
|
-49.68%
|
-0.26%
|
+9.10%
|
+5.56%
|
+3.45%
|
Market 2
|
+10.06%
|
+101.66%
|
-44.42%
|
-8.39%
|
+18.71%
|
-9.48%
|
+4.00%
|
1 Net Asset Value
2 Market Price.
3 Includes all historical filings made with the Securities and Exchange Commission ("SEC") on behalf of a fund. Information found on the SEC
web site is historical and may not represent current information about a fund. For search purposes, please note that closed-end funds are
registered with the SEC pursuant to Form N-2 and not Form N-1A.
|
|
Performance inception date November 28, 2003.
|
Distribution History
|
| Pay Date |
Distribution |
|
8/31/2010
|
$0.087
|
|
7/30/2010
|
$0.085
|
|
6/30/2010
|
$0.083
|
|
5/28/2010
|
$0.083
|
|
4/30/2010
|
$0.085
|
|
3/31/2010
|
$0.086
|
|
2/26/2010
|
$0.086
|
|
1/11/2010
|
$0.185
|
|
12/31/2009
|
$0.078
|
|
11/30/2009
|
$0.074
|
|
10/30/2009
|
$0.073
|
|
9/30/2009
|
$0.071
|
|
8/31/2009
|
$0.071
|
|
7/31/2009
|
$0.07
|
|
6/30/2009
|
$0.067
|
|
5/29/2009
|
$0.067
|
|
4/30/2009
|
$0.064
|
|
3/31/2009
|
$0.062
|
|
2/27/2009
|
$0.063
|
|
1/30/2009
|
$0.071
|
|
| The amount of distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on Fund common shares could change.
|
Portfolio
Management
|
Scott H. Page
(since 11/28/2003)
|
Untitled Document
Vice President, Eaton Vance Management
- Joined Eaton Vance in 1989 and has been Portfolio Manager since 1996
- Previously, an investment officer of the Dartmouth College endowment and
an Assistant Vice President in the Leveraged Finance Department of Citicorp.
Was also affiliated with Chase Manhattan Bank
- B.A. from Williams College; M.B.A. from Amos Tuck School at Dartmouth College
|
Craig Russ
(since 11/28/2003)
|
Untitled Document
Vice President, Eaton Vance Management
- Joined Eaton Vance in 1997
- Previously, in commercial lending with State Street Bank
- B.A. from Middlebury College
|
Peter Campo
(since 1/30/2008)
|
Untitled Document
Vice President, Eaton Vance Management
- Joined Eaton Vance in 2003 as an analyst
- Previously, worked in the bank loan group of CyrpressTree Investments.
- M.B.A. from Bentley in 1999.
- Chartered Financial Analyst.
|
Important Fund Disclosures
|
|
An investment in the Fund is neither insured nor guaranteed by the U.S. Government. Although the Fund seeks to maintain
a stable net asset value of $1.00 per share, it is possible to lose money by investing in a Fund.
|
| Important
Disclosure |
|
Market price performance is shown before applicable commissions
that a shareholder may encounter when purchasing or selling
shares of the fund. All performance information is for common
shares of the fund.
Closed-end funds, unlike open-end funds, are not continuously
offered. There is a one-time public offering and once
issued, shares of closed-end funds are sold in the open
market through a stock exchange. Net asset value (NAV)
is total assets less total liabilities divided by the
number of shares outstanding. At the time of sale, your
shares may have a market price that is above or below
NAV. There is no assurance that the fund
will achieve its investment objective. The fund is subject
to investment risks, including possible loss of principal
invested.
This data is provided for information only and is not
intended for trading purposes. |
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