# Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ety for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Eaton Vance · Asset class: Equity - Strategy: Passive Index · Inception: 2006-11-28 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,... ## Key Facts | Metric | Value | |---|---| | Price | $13.68 | | Expense Ratio | 1.06% | | Assets Under Management | $2.18B | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 8.70% | | Annual Distribution (TTM) | $1.19 /share | | Distribution Frequency | Monthly | | 52-Week Range | $13.12 – $15.90 | | Beta | 0.99 | ## Latest Distribution - Amount: $0.0992 /share - Ex-date: 2026-10-15 - Pay date: 2026-10-30 ## Frequently Asked Questions ### 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 8.70%, 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 $2.18B 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 Eaton Vance. ### Does ETY pay a dividend? Yes, Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) distributes dividends to shareholders. The trailing-twelve-month yield is 8.70%. Full dividend history is on this page. ### How often does ETY pay dividends? Eaton Vance Tax-Managed Diversified Equity Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is ETY's next ex-dividend date? The most recently announced ex-dividend date for ETY was 2026-10-15. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will ETY's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.06% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ETY charge its expense ratio? The expense ratio is deducted in tiny daily slices from ETY's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ETY cost more than a fund like VOO? ETY is a passive index fund (current expense ratio 1.06%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to ETY? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ETY (1.06%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ety - Distribution history: https://www.dividenddata.com/funds/ety/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ety/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ety/expenses - Peer comparison: https://www.dividenddata.com/funds/ety/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.