Eaton Vance Tax-Managed Diversified Equity Income Fund

Frequently Asked Questions About ETY

What does ETY invest in?

The Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-end equity fund, overseen by Eaton Vance Management. Its investment strategy focuses on public equity markets worldwide, targeting companies across a variety of sectors, with a particular emphasis on those that pay dividends. To generate additional current income, the fund also sells S&P 500 Index call options on a portion of its common stock holdings, profiting from the premiums collected. Geographically, it typically allocates capital to issuers in a minimum of three countries, including the United States. Furthermore, derivatives are utilized as part of its investment toolkit. Its performance is measured against a composite benchmark, consisting of 80% S&P 500 Index and 20% FTSE Eurotop 100 Index. Established on November 30, 2006, the fund is domiciled in the United States.

What is the expense ratio of ETY?

Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) charges an expense ratio of 1.06%. This is the annual fee deducted from fund assets to cover management and operations.

What is ETY's dividend yield?

ETY's trailing-twelve-month yield is 8.38%, calculated from the sum of dividends over the past year divided by the current price.

How big is ETY?

Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) manages $2.26B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ETY actively managed or an index fund?

ETY is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ETY's is 1.06%) because there's no security selection cost.

When was ETY launched?

Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) launched in November 2006 and is managed by the fund issuer.