The Eaton Vance Floating-Rate Advantaged Fund Class C (ECFAX) is a mutual fund that focuses on investing in floating-rate loans and other debt securities. This fund aims to provide investors with a steady stream of income by taking advantage of the potential for higher interest rates on these types of investments. It is managed by Eaton Vance, a well-established investment management firm, and is classified as a Class C fund, which typically has a lower expense ratio and may have a contingent deferred sales charge. ECFAX may be a suitable option for investors seeking a diversified fixed-income portfolio with the potential for higher returns.