Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide current income and gains, with a secondary objective of capital appreciation. The company was founded on November 30, 2006 and is headquartered in Boston, MA.

The Eaton Vance Tax-Managed Diversified Equity Income Fund offers a 7.83% yield, higher than most domestic equity indices but lower than its peers. The fund has performed well recently, delivering an 8.08% total return, slightly better than the S&P 500 Index's 7.10% over the same period. The fund apparently swapped Walmart for Allstate, which cost its portfolio some performance over the most recent period.

ETY: Decent Performance, But Portfolio Remains Very Concentrated

Eaton Vance California Municipal Income Trust

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Eaton Vance Municipal Bond Fund

Eaton Vance New York Municipal Bond Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance National Municipal Opportunities Trust

Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Limited Duration Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 12/2/2024    Ex-Date – 12/12/2024    Record – 12/12/2024    Payable – 12/19/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 11/29/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.65 5.63% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.79.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their November distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amo.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Adams Diversified Equity Fund

Barings Global Short Duration High Yield Fund

BlackRock Science & Technology

Calamos Strategic Total Return Fund

GAMCO Global Gold. Natural Resources & Income Trust

abrdn Life Sciences Investors 

India Fund Inc

Adams Natural Resources Fund Inc

Liberty All Star Equity Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Energy Select Sector SPDR Fund

For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. CEFs are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9.5% Yield (October 2024)

ArrowMark Financial

ConocoPhillips

Chevron

EOG Resources

JPMorgan Chase & Co

New Linde PLC

Eli Lilly

Marathon Oil

LMP Capital and Income Fund

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9% Plus Yield (September 2024)

Eaton Vance Tax-Managed Diversified Equity Income Fund employs an index call writing strategy, helping it offer an attractive monthly distribution to its investors. The ETY ETF has outpaced the S&P 500 Index YTD despite its call-writing strategy, benefiting from the higher allocations to the mega-cap tech stocks. The fund's current distribution yield is attractive at 8.40%, but it is on the lower end historically, which could mean it is due for a raise.

ETY: Solid Performance And Fair Valuation

Eaton Vance Tax-Managed Diversified Equity Income Fund offers an attractive 8.30% yield, higher than most major equity or bond indices, appealing to income-focused investors. The ETY closed-end fund's yield suggests market confidence in its sustainability, primarily achieved through an options strategy on equity securities, despite not being the highest among peers. The fund's recent performance has slightly lagged the S&P 500 Index due to its options strategy but outperformed when considering distributions, making it a strong income-generating investment.

ETY: It May Be Wise To Be Cautious Over The Next Few Months

General American Investors

Kayne Anderson MLP Investment

Sometimes as income investors we face a situation that sounds like a good problem to have: We have to pick among a group of very impressive investments!

The 3 Best Big Closed-End Funds Of 2024

Barings Participation Investors

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For Nearly 9% Yield (August 2024)

Apple

Broadcom

Enterprise Products Partners

Energy Transfer LP Unit

Microsoft

Neuberger Berman MLP Income Fund, Inc.

ONEOK

Columbia Seligman Premium Technology Growth Func Inc

Exxon Mobil

5 Best CEFs This Month For Nearly 9% Yield (July 2024)

Eaton Vance Tax-Managed Diversified Equity Income Fund offers high current income through equity investments, potentially protecting against inflation. The Fund boasts an 8.43% yield, slightly above peers, making it attractive to income-seeking investors. The Fund's distribution is sustainable, covering expenses with substantial capital gains, and currently trades at a 3.68% discount to net asset value.

ETY: Incredibly Strong Performance For H1 2024, But Portfolio Diversification Is Lacking

Don't believe all the negativity surrounding the Eaton Vance Tax-Managed Diversified Equity Income CEF. As a CEF that writes S&P 500 index options against roughly 50% of its $2.1 billion market cap, you can't expect it to outperform in a ramp-up bull market. But as I've said over and over again, once we start getting some volatility in the markets in which no clear trend is established, option-income funds can start to outperform.

Eaton Vance's ETY Is The Cream Of The Option-Income CEF Crop

After speculating earlier this year that Eaton Vance would raise its distributions on its equity CEFs, that was finally confirmed last week on April 1. The distribution increases range from 4.6% for ETV to 32.2% for EOS which gets most of the funds back up to their previous distribution levels from 2022.

Eaton Vance Raises Distributions On All Equity CEFs

Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-end fund that mainly invests in the equities of U.S. listed companies. ETY has a reasonable long-term record of performance even though it tends to underperform the S&P 500. We believe it is an attractive fund for income investors with a nearly 9% yield paid on a monthly basis. However, there are some better choices with lower yields.

ETY: 9% Income Yield, Paid Monthly, But Is It A Good Investment?

Morgan Stanley India Investment Fund Inc

Oxford Lane Capital

PIMCO Dynamic Income Strategy Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 8.5% Yield (March 2024)

Eaton Vance Tax-Managed Diversified Equity Income Fund offers a reasonable yield, but it is far from the highest available in the CEF space.

ETY: Share Price Outperforming The Underlying Portfolio, But Still Trading At A Discount

BlackRock Resources & Commodities Strategy Trust

Central Securities

Allspring Global Dividend Opportunity Fund

5 Best CEFs This Month For 9% Plus Yield (February 2024)

Eaton Vance Tax-Managed Diversified Equity Income Fund and Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund utilize a call-writing strategy to help deliver investors monthly distributions. Both ETY and ETW focus on dividend-paying stocks and are tax-managed in an effort to minimize and defer taxes, but ETW has a global tilt. ETW is more attractively priced on an absolute and relative discount basis but has historically been the weaker performer as well due to global exposure.

ETY And ETW: Delivering Tax-Friendly Monthly Distributions To Investors

Western Asset Mortgage Opportunity Fund

Pioneer Diversified High Income Trust

Invesco High Income 2024 Target Term Fund 

Nuveen Mortgage Opportunity Term Fund

Principal Real Estate Income Fund

Taiwan Fund

For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs traded at a premium to their NAV, with 12% of equity CEFs and 10% of fixed-income CEFs trading in premium territory. Income & Preferred Stock CEFs (+1.44%), for the first month in four, outpaced the other classifications in the equity CEF universe for January.

The Month In Closed-End Funds: January 2024

5 Best CEFs This Month For 9% Yield (January 2024)

Eaton Vance Tax-Managed Diversified Equity Income Fund focuses on a relatively concentrated portfolio of S&P 500 Index names and utilizes a call-writing strategy to provide regular monthly distributions. ETY has delivered respectable results and has a historical track record of performing well and delivering distributions to investors. The discount on ETY's shares has widened, making it a tempting option for investors over the long term, but we'd ideally want to see an even deeper discount.

ETY: Call Writing Equity Fund Providing Monthly Distributions

Eaton Vance Tax-Managed Diversified Equity Income Fund uses an options strategy to generate income for investors. The ETY closed-end fund has underperformed the S&P 500 Index in recent months but has generally been more stable during market downturns. The ETY fund pays a monthly distribution with an 8.36% yield, although it has cut its distribution in the past.

ETY: Riskier Than Some Peers, But Not Really Too Bad

The Eaton Vance Tax-Managed Diversified Equity Income Fund has underperformed the stock market over the past year. The fund's strategy of writing call options against the S&P 500 Index may have contributed to its poor performance. Despite its underperformance, the fund still offers a high current distribution yield and is trading at a discount to its net asset value.

ETY: A Very Reasonable Option-Income CEF For Purchase

ETY is a hybrid equity buy-write fund that has outperformed the S&P 500 this year. The vehicle's top holdings are some of the outperformers this year in the market, where breadth has been scarce. The fund's option overlay structure also allows the vehicle to retain some upside in exchange for a lower option premium.

ETY: Buy-Write CEF Killing It This Year, Up +16%

The recession everyone's been worrying about is still a mirage—and there's a good chance it won't become reality for a long time yet.

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