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Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY)

Specialty Equity Funds - Covered Call Funds

Data as of Sept. 29, 2023
Market Price $11.54 (+ $0.02)
NAV (Sept. 29, 2023) $11.90 (- $0.02)
Fund Listed NYSE
Premium / Discount -3.03% (+0.33%)
Fund Info
Inception Nov. 27, 2006
Sponsor Eaton Vance Management
Website http://funds.eatonvanc...
Phone 1-866-328-6681
Location Massachusetts
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: Current income and gains; dividend paying domestic and foreign common stocks and S&P 500 Index call options
Related Indexes
15 Major CEF Sectors Index
US Equity Index
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Covered Call / Option Funds Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 157,326,009
Total Assets (Reported: April 30, 2023) $1,881M
Estimated Total Assets $1,872M
Net Assets $1,872M
Market Cap $1,816M
Portfolio Turnover 26.00%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.07%
Non Lev Exp Ratio 1.07%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) 0.27%
Discount Low(3 Yr) -11.50%
Discount High(3 Yr) 11.19%
Discount Rel Range (3 Yr) 37.35%
Comp Discount 2.97
Discount St Dev (1Yr) 2.18
Z-Stat (6mo) -0.99
Z-Stat (1Yr) -1.24
Z-Stat (3Yr) -0.93
Comp Z-Stat (6mo) -0.35
Comp Z-Stat (3Yr) -0.04
Distribution Data
Market Yield 8.37%
Income Yield 0.28%
Lev Adj NAV Yield 8.12%
Distribution Frequency M
Current Distribution $0.081
Current Income $0.003
Ex-Date 9/21/23
Payable Date 9/29/23
Div Growth (3yr) -4.51%
Dividend Change -13.3% on 11/1/22
Expected Div 10/2/23
RoC (1yr) 32.29%
RoC (3yr) 36.78%
Tax Dividend Data 2022 2020 - 2022
Income 3.1% 6.5%
ST Gains 0% 0%
QDI 3.1% 6.5%
LT Gains 89.0% 43.7%
RoC 7.9% 49.8%
Volume & Liquidity
Average Daily $ (K) $2,453
Avg Volume 30 day 222,072
Avg Volume 90 day 212,546
Volume Trend 4.48%
Comp Volume Trend -9.49%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Covered Call / Option Funds Index
Most Correlated Peer (Mk Pr): FFA 91.0%
NAV - Price Correlation (30 d) 97.8%
NAV - Price Correlation (90 d) 89.0%
NAV - Price Correlation (1 Yr) 84.9%
Price St Dev (1Yr) 18.2%
NAV St Dev (1Yr) 14.1%
Earnings / Share (4/30/23) $0.005
Earn Coverage 6.09%
Earnings Trend Up
UNII / Share (4/30/23) $-0.450
Rel UNII -1,388.58
UNII Trend Up
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Covered Call / Option Funds Index

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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