Eaton Vance Floating-Rate Income Trust (EFT) is a mutual fund that primarily invests in a diversified portfolio of floating-rate loans and other floating-rate debt securities. These investments typically have variable interest rates that adjust periodically, providing the potential for higher returns in a rising interest rate environment. The fund aims to generate a steady stream of income for investors while also managing risk through its diversified holdings. EFT may be a suitable option for investors seeking a fixed income investment with potential for higher returns and lower interest rate risk.