EATON VANCE FLOATING-RATE INCOME TRUST
Supplement to Prospectus dated September 28, 2021
1. The following replaces the fifth paragraph under “Investment Objectives, Policies and Risk” in “Prospectus Summary” in the Prospectus:
Sarah A. Choi, Ralph H. Hinckley, Jr., Catherine C. McDermott, Daniel P. McElaney and Andrew N. Sveen are the portfolio managers of the Trust. Mr. Hinckley is a Vice President of Eaton Vance and has been a portfolio manager of the Trust since January 2008. Messrs. McElaney and Sveen and Ms. McDermott are Vice Presidents of Eaton Vance and have been portfolio managers of the Trust since March 2019. Ms. Choi is a Vice President of Eaton Vance and has been a portfolio manager of the Trust since July 2022. Messrs. Hinckley, McElaney and Sveen and Ms. McDermott have been employed by Eaton Vance for more than five years and manage other Eaton Vance funds. Ms. Choi has been employed by Eaton Vance since October 2019 and manages other Eaton Vance funds. Prior to joining Eaton Vance, Ms. Choi worked as a Senior Credit Analyst at Apex Credit Partners from 2014 to 2019.
2. The following replaces the fifth paragraph under “The Adviser” in “Management of the Trust” in the Prospectus:
Sarah A. Choi, Ralph H. Hinckley, Jr., Catherine C. McDermott, Daniel P. McElaney and Andrew N. Sveen are the portfolio managers of the Trust. Mr. Hinckley is a Vice President of Eaton Vance and has been a portfolio manager of the Trust since January 2008. Messrs. McElaney and Sveen and Ms. McDermott are Vice Presidents of Eaton Vance and have been portfolio managers of the Trust since March 2019. Ms. Choi is a Vice President of Eaton Vance and has been a portfolio manager of the Trust since July 2022. Messrs. Hinckley, McElaney and Sveen and Ms. McDermott have been employed by Eaton Vance for more than five years and manage other Eaton Vance funds. Ms. Choi has been employed by Eaton Vance since October 2019 and manages other Eaton Vance funds. Prior to joining Eaton Vance, Ms. Choi worked as a Senior Credit Analyst at Apex Credit Partners from 2014 to 2019.
EATON VANCE FLOATING-RATE INCOME TRUST
Supplement to Statement of Additional Information dated September 28, 2021
| 1. | The following is added to the first table under “Portfolio Managers.” in “Investment Advisory and Other Services”: |
| | Number of
All Accounts | Total Assets of
All Accounts | Number of Accounts
Paying a Performance Fee | Total Assets of Accounts
Paying a Performance Fee |
| Sarah A. Choi(1) | | | | |
| Registered Investment Companies | 0 | $0 | 0 | $0 |
| Other Pooled Investment Vehicles | 0 | $0 | 0 | $0 |
| Other Accounts | 0 | $0 | 0 | $0 |
| 2. | The following is added to the second table under “Portfolio Managers.” in “Investment Advisory and Other Services”: |
| Portfolio Manager | Dollar Range of Equity Securities
Beneficially Owned in the Trust | Aggregate Dollar Range of Equity
Securities Beneficially Owned
in the Eaton Vance Family of Funds |
| Sarah A. Choi(1) | None | $1 - $10,000 |
July 1, 2022
