Eaton Vance Senior Floating-Rate Trust posts 2025 data
Eaton Vance Senior Floating-Rate Trust has updated its prospectus to replace the financial highlights, providing detailed per-share data and performance for the years ended October 31, 2016 through 2025.
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Rhea-AI Filing Summary
Eaton Vance Senior Floating-Rate Trust has updated its prospectus to replace the financial highlights, providing detailed per-share data and performance for the years ended October 31, 2016 through 2025. For 2025, net asset value per common share started at $12.91 and ended at $12.39, with total investment return on net asset value of 5.06%, while the market price return was -2.27%. Net investment income for 2025 was $1.23 per common share, and total distributions to common shareholders were $1.10 per share. On a ratio basis, 2025 total expenses were 3.26% of average daily net assets applicable to common shares and net investment income was 9.73%. The Trust reports 2025 year-end net assets applicable to common shares of $365,788,000, notes payable of $110,000,000, asset coverage of $5,016 per $1,000 of notes, and 3,032 preferred shares outstanding with asset coverage of $74,235 per preferred share.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What financial information did Eaton Vance Senior Floating-Rate Trust (EFR) update?
The Trust updated its prospectus financial highlights, replacing prior tables with detailed per-share data, returns, expense ratios, leverage statistics, and net assets for each year from 2016 through 2025.
What was Eaton Vance Senior Floating-Rate Trust’s (EFR) market price performance in 2025?
In 2025, the total investment return on the market value of the common shares was -2.27%. The market price per common share ended the year at $11.40, compared with an ending NAV of $12.39.
What were Eaton Vance Senior Floating-Rate Trust’s (EFR) 2025 income and distributions per common share?
For 2025, the Trust reported net investment income of $1.23 per common share, net realized and unrealized loss of $0.47 per share, and total distributions to common shareholders of $1.10 per share.
What were Eaton Vance Senior Floating-Rate Trust’s (EFR) 2025 expense and net investment income ratios?
For 2025, expenses excluding interest and fees were 1.36% of average daily net assets applicable to common shares, interest and fee expense was 1.90%, total expenses were 3.26%, and the net investment income ratio was 9.73%.
How leveraged is Eaton Vance Senior Floating-Rate Trust (EFR) based on the updated data?
As of the end of 2025, the Trust reported $110,000,000 of notes payable with asset coverage of $5,016 per $1,000 of notes, and 3,032 preferred shares outstanding with asset coverage of $74,235 per preferred share.
What were Eaton Vance Senior Floating-Rate Trust’s (EFR) net assets and portfolio turnover in 2025?
Net assets applicable to common shares at the end of 2025 were $365,788,000, and the portfolio turnover rate for the year was 30%.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Filed pursuant to Rule 424(b)(3)
File No.
333-266343
Supplement to Prospectus dated March 31, 2023
The following replaces the Financial Highlights contained in the Prospectus:
Selected data for a Common Share outstanding during the periods stated.
| Year Ended October 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | 2022 | 2021 | ||||||||||||||||
| Net asset value - Beginning of year (Common shares) | $ | 12.91 | $ | 12.77 | $ | 12.28 | $ | 14.30 | $ | 13.50 | ||||||||||
| Income (Loss) From Operations | ||||||||||||||||||||
| Net investment income(1) | $ | 1.23 | $ | 1.50 | $ | 1.45 | $ | 0.92 | $ | 0.72 | ||||||||||
| Net realized and unrealized gain (loss) | (0.47 | ) | 0.27 | 0.44 | (1.93 | ) | 0.91 | |||||||||||||
| Distributions to preferred shareholders From net investment income(1) | (0.18 | ) | (0.22 | ) | (0.20 | ) | (0.05 | ) | — | |||||||||||
| Total income (loss) from operations | $ | 0.58 | $ | 1.55 | $ | 1.69 | $ | (1.06 | ) | $ | 1.63 | |||||||||
| Less Distributions to Common Shareholders | ||||||||||||||||||||
| From net investment income | $ | (1.07 | ) | $ | (1.38 | ) | $ | (1.20 | ) | $ | (0.88 | ) | $ | (0.81 | ) | |||||
| Tax return on capital | (0.03 | ) | (0.03 | ) | — | (0.10 | ) | (0.05 | ) | |||||||||||
| Total distributions to common shareholders | $ | (1.10 | ) | $ | (1.41 | ) | $ | (1.20 | ) | $ | (0.98 | ) | $ | (0.86 | ) | |||||
| Premium from common shares sold through shelf offering(1) | $ | 0.00 | (2) | $ | 0.00 | (2) | $ | — | $ | 0.02 | $ | 0.00 | (2) | |||||||
| Discount on tender offer(1) | $ | — | $ | — | $ | — | $ | — | $ | 0.03 | ||||||||||
| Net asset value — End of year (Common shares) | $ | 12.39 | $ | 12.91 | $ | 12.77 | $ | 12.28 | $ | 14.30 | ||||||||||
| Market value — End of year (Common shares) | $ | 11.40 | $ | 12.77 | $ | 11.64 | $ | 11.17 | $ | 14.90 | ||||||||||
| Total Investment Return on Net Asset Value(3) | 5.06 | % | 12.62 | % | 15.09 | % | (7.26 | )% | 12.69 | % | ||||||||||
| Total Investment Return on Market Value(3) | (2.27 | )% | 22.31 | % | 15.34 | % | (19.10 | )% | 33.21 | % | ||||||||||
| Ratios/Supplemental Data | ||||||||||||||||||||
| Net assets applicable to common shares, end of year (000’s omitted) | $ | 365,788 | $ | 378,631 | $ | 372,481 | $ | 358,405 | $ | 403,589 | ||||||||||
| Ratios (as a percentage of average daily net assets applicable to common shares):(4)(5)† | ||||||||||||||||||||
| Expenses excluding interest and fees | 1.36 | % | 1.29 | % | 1.34 | % | 1.37 | % | 1.33 | % | ||||||||||
| Interest and fee expense(6) | 1.90 | % | 2.10 | % | 1.95 | % | 0.81 | % | 0.46 | % | ||||||||||
| Total expenses | 3.26 | % | 3.39 | % | 3.29 | % | 2.18 | % | 1.79 | % | ||||||||||
| Net expenses | 3.26 | %(7) | 3.39 | %(7) | 3.29 | %(7) | 2.18 | %(7) | 1.79 | % | ||||||||||
| Net investment income | 9.73 | % | 11.59 | % | 11.37 | % | 6.83 | % | 5.05 | % | ||||||||||
| Portfolio Turnover | 30 | % | 28 | % | 24 | % | 12 | % | 66 | % | ||||||||||
| Senior Securities: | ||||||||||||||||||||
| Total notes payable outstanding (in 000’s) | $ | $ | $ | $ | $ | |||||||||||||||
| Asset coverage per $1,000 of notes payable(8) | $ | $ | $ | $ | $ | |||||||||||||||
| Total preferred shares outstanding | 3,032 | 3,032 | 3,032 | 3,032 | 3,032 | |||||||||||||||
| Asset coverage per preferred share(9) | $ | 74,235 | $ | 70,350 | $ | 75,134 | $ | 67,924 | $ | 76,531 | ||||||||||
| Involuntary liquidation preference per preferred share(10) | $ | $ | $ | $ | $ | |||||||||||||||
| Approximate market value per preferred share(10) | $ | $ | $ | $ | $ | |||||||||||||||
(See related footnotes.)
Financial Highlights (continued)
| Year Ended October 31, | ||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | ||||||||||||||||
| Net asset value - Beginning of year (Common shares) | $ | 14.51 | $ | 15.37 | $ | 15.21 | $ | 14.86 | $ | 14.35 | ||||||||||
| Income (Loss) From Operations | ||||||||||||||||||||
| Net investment income(1) | $ | 0.81 | $ | 0.99 | $ | 0.89 | $ | 0.89 | $ | 0.96 | ||||||||||
| Net realized and unrealized gain (loss) | (0.87 | ) | (0.80 | ) | 0.15 | 0.36 | 0.46 | |||||||||||||
| Distributions to preferred shareholders From net investment income(1) | (0.03 | ) | (0.07 | ) | (0.06 | ) | (0.03 | ) | (0.02 | ) | ||||||||||
| Discount on redemption and repurchase of auction preferred shares(1) | — | — | 0.04 | — | 0.05 | |||||||||||||||
| Total income (loss) from operations | $ | (0.09 | ) | $ | 0.12 | $ | 1.02 | $ | 1.22 | $ | 1.45 | |||||||||
| Less Distributions to Common Shareholders | ||||||||||||||||||||
| From net investment income | $ | (0.92 | ) | $ | (0.98 | ) | $ | (0.86 | ) | $ | (0.87 | ) | $ | (0.94 | ) | |||||
| Total distributions to common shareholders | $ | (0.92 | ) | $ | (0.98 | ) | $ | (0.86 | ) | $ | (0.87 | ) | $ | (0.94 | ) | |||||
| Net asset value — End of year (Common shares) | $ | 13.50 | $ | 14.51 | $ | 15.37 | $ | 15.21 | $ | 14.86 | ||||||||||
| Market value — End of year (Common shares) | $ | 11.90 | $ | 12.91 | $ | 13.43 | $ | 14.55 | $ | 14.15 | ||||||||||
| Total Investment Return on Net Asset Value(3) | 0.42 | % | 1.69 | % | 7.25 | %(11) | 8.54 | % | 11.31 | %(12) | ||||||||||
| Total Investment Return on Market Value(3) | (0.52 | )% | 3.55 | % | (2.04 | )% | 9.04 | % | 17.27 | % | ||||||||||
| Ratios/Supplemental Data | ||||||||||||||||||||
| Net assets applicable to common shares, end of year (000’s omitted) | $ | 497,341 | $ | 534,714 | $ | 566,490 | $ | 560,431 | $ | 547,620 | ||||||||||
| Ratios (as a percentage of average daily net assets applicable to common shares):(4)(5)† | ||||||||||||||||||||
| Expenses excluding interest and fees | 1.32 | % | 1.28 | % | 1.31 | % | 1.34 | % | 1.38 | % | ||||||||||
| Interest and fee expense(6) | 0.78 | % | 1.40 | % | 1.06 | % | 0.75 | % | 0.49 | % | ||||||||||
| Total expenses | 2.10 | % | 2.68 | % | 2.37 | % | 2.09 | % | 1.87 | % | ||||||||||
| Net expenses | 2.10 | % | 2.68 | % | 2.37 | % | 2.09 | % | 1.87 | % | ||||||||||
| Net investment income | 6.03 | % | 6.64 | % | 5.78 | % | 5.93 | % | 6.84 | % | ||||||||||
| Portfolio Turnover | 30 | % | 28 | % | 32 | % | 42 | % | 35 | % | ||||||||||
| Senior Securities: | ||||||||||||||||||||
| Total notes payable outstanding (in 000’s) | $ | $ | $ | $ | $ | |||||||||||||||
| Asset coverage per $1,000 of notes payable(8) | $ | $ | $ | $ | $ | |||||||||||||||
| Total preferred shares outstanding | 3,032 | 3,032 | 3,032 | 3,836 | 3,836 | |||||||||||||||
| Asset coverage per preferred share(9) | $ | 66,612 | $ | 70,501 | $ | 72,558 | $ | 72,511 | $ | 71,584 | ||||||||||
| Involuntary liquidation preference per preferred share(10) | $ | $ | $ | $ | $ | |||||||||||||||
| Approximate market value per preferred share(10) | $ | $ | $ | $ | $ | |||||||||||||||
(See related footnotes.)
| (1) | Computed using average shares outstanding. |
| (2) | Amount is less than $0.005. |
| (3) | Returns are historical and are calculated by determining the percentage change in net asset value or market value with all distributions reinvested. Distributions are assumed to be reinvested at prices obtained under the Trust’s dividend reinvestment plan. |
| (4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Trust. |
| (5) | Ratios do not reflect the effect of dividend payments to preferred shareholders. |
| (6) | Interest and fee expense relates to the notes payable incurred to partially redeem the Trust’s APS. |
| (7) | Includes a reduction by the investment adviser of a portion of its adviser fee due to the Trust’s investment in the Morgan Stanley Institutional Liquidity Funds – Government Portfolio (equal to less than 0.005% of average daily net assets for the years ended October 31, 2025, 2024, 2023 and 2022). |
| (8) |
|
| (9) | Calculated by subtracting the Trust’s total liabilities (not including the notes payable and preferred shares) from the Trust’s total assets, dividing the result by the sum of the value of the notes payable and liquidation value of preferred shares, and multiplying the result by the liquidation value of one preferred share. Such amount equates to 297%, 281%, 301%, 272%, 306%, 266%, 282%, 290%, 290% and 286% at October 31, 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017 and 2016, respectively. |
| (10) |
|
| (11) | The total return based on net asset value reflects the impact of the tender and repurchase by the Trust of a portion of its APS at 92% of the per share liquidation preference. Absent this transaction, the total return based on net asset value would have been 6.94%. |
| (12) | The total return based on net asset value reflects the impact of the tender and repurchase by the Trust of a portion of its APS at 95% of the per share liquidation preference. Absent this transaction, the total return based on net asset value would have been 10.95%. |
| † | Ratios based on net assets applicable to common shares plus preferred shares and borrowings are presented below. Ratios do not reflect the effect of dividend payments to preferred shareholders and exclude the effect of custody fee credits, if any. |
| Year Ended October 31, | ||||||||||
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| Expenses excluding interest and fees | 0.89% | 0.86% | 0.89% | 0.88% | 0.87% | 0.84% | 0.82% | 0.85% | 0.87% | 0.88% |
| Interest and fee expense | 1.23% | 1.39% | 1.28% | 0.52% | 0.31% | 0.50% | 0.91% | 0.69% | 0.49% | 0.31% |
| Total expenses | 2.12% | 2.25% | 2.17% | 1.40% | 1.18% | 1.34% | 1.73% | 1.54% | 1.36% | 1.19% |
| Net investment income | 6.33% | 7.66% | 7.47% | 4.39% | 3.34% | 3.86% | 4.29% | 3.76% | 3.85% | 4.34% |
January 22, 2026