The Eaton Vance Floating Rate Fund Class A (EVBLX) is a mutual fund that primarily invests in a diversified portfolio of floating rate loans and other floating rate debt securities. These securities have variable interest rates that adjust periodically, providing potential protection against rising interest rates. The fund aims to generate a high level of current income while also seeking to preserve capital. It is managed by Eaton Vance Management, a leading investment management firm with a long history of expertise in fixed income investments. The fund is suitable for investors seeking a conservative, income-focused investment option with potential for some capital appreciation.