Morningstar is providing routine maintenance on CEF Connect’s data feed. There may be some intermittent data missing at this time and Morningstar is working to resolve any issues quickly.
Eaton Vance Tax-Managed Divrs Equity Inc:ETY
As of 12/6/2019
| Current | $12.34 | $12.17 | 1.40% |
| 52 Wk Avg | $11.60 | $11.72 | -1.06% |
| 52 Wk High | $12.42 | $12.17 | 2.91% |
| 52 Wk Low | $9.43 | $10.17 | -7.51% |
| Regular Distribution Type† | Managed Distribution |
| Distribution Rate | 8.20% |
| Distribution Amount | $0.0843 |
| Distribution Frequency | Monthly |
Past performance is no guarantee of future results.
Investment Objective
The Fund seeks to generate current earnings from dividends on stocks held and from option premiums. Under normal market conditions, the Fund will invest at least 80% of its total assets in a combination of: 1. Dividend-paying common stocks, primarily in common stocks of United States issuers, but may invest up to 40% of its assets in common stocks of foreign issuers, including up to 5% of its total assets in securities of issuers located in emerging markets; 2. Common stocks the value of which is subject to covered written index call options. The Fund intends initially to write call options on the S&P 500 Composite Stock Price Index(R), and may also initially write call options on other domestic and foreign stock indices. The Fund will emphasize investments in stocks that pay dividends that qualify for federal income taxation at rates applicable to long-term capital gains, and will seek to enhance the level of tax-advantaged dividend income it receives by engaging in dividend capture trading.
Capital Structure
As of 12/6/2019
| Total Investment Exposure: | $1,819.382M |
| Total Common Assets: | $1,819.382M |
| Common Shares Outstanding: | 149,497,313 |
Annual Expense Ratios
As of 10/31/2019
| |
| Management Fees | 1.00% |
| Other Expenses: | 0.07% |
| Baseline Expense: |
N/A
|
| Interest Expense: | N/A |
| Total: |
1.07%
|
Fund Management
Fund Sponsor
Eaton Vance
Portfolio Managers
Michael A. Allison
Basics
| Category: |
Equity-Covered-Call Funds |
| Ticker: |
ETY |
| NAV Ticker: |
XETYX |
| Average Daily Volume (shares): |
114,857 |
| Average Daily Volume (USD): |
M |
| Inception Date: |
11/27/2006 |
| Inception Share Price: |
$20.00 |
| Inception NAV: |
$19.06 |
| Tender Offer: |
No |
| Term: |
No |
| Fiscal Year End: |
October 31 |
Third Party Links & Reports
As of 12/6/2019
Past performance is no guarantee of future results.
Distribution History
Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.
| Declared Date |
Payable Date |
Ex Date |
Distrib Amount |
Income |
Long Gain |
Short Gain |
ROC |
*Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.
Key Information Regarding Distributions†
Avg. Earnings Per Share:
As of 4/30/2019 |
$0.0542
|
Annualized Distribution Rate on NAV:
As of 12/6/2019 | 8.31% |
Total Return on NAV (12 months):
As of 12/6/2019 | 10.68% |
Total % Portfolio Effectively Leveraged:
As of 12/6/2019
| 0.00% |
Premium/Discount Information
Past performance is no guarantee of future results.
Premium/Discount Information
As of 12/7/2019
| 6 Month | 0.56% |
| 1 Year | -1.06% |
| 3 Year | -2.25% |
| 5 Year | -4.27% |
Z-Score
As of 12/6/2019
| 3 Month | 0.05 |
| 6 Month | 0.84 |
| 1 Year | 1.13 |
Pricing History
| Date |
Share Price |
NAV |
Premium / Discount |
Portfolio Characteristics
Number of Holdings:
As of 9/30/2019 | 55 |
Annual Portfolio Turnover:
As of 10/31/2019 | 48.00% |
Asset Allocation
As of 9/30/2019 reported by Fund Sponsor
Top Sectors
As of 9/30/2019 reported by Fund Sponsor
| Sensitive (Super Sector) | 37.66% |
| Cyclical (Super Sector) | 35.64% |
| Defensive (Super Sector) | 25.24% |
| Technology | 20.01% |
| Financial Services | 16.14% |
| Consumer Cyclical | 14.68% |
| Healthcare | 14.20% |
| Industrials | 9.12% |
| Consumer Defensive | 7.71% |
| Communication Services | 4.32% |
Top Holdings
As of 9/30/2019 reported by Fund Sponsor
| Microsoft Corp | $98.20M | 5.57% |
| Apple Inc | $71.08M | 4.03% |
| JPMorgan Chase & Co | $64.18M | 3.64% |
| Amazon.com Inc | $58.22M | 3.30% |
| Verizon Communications Inc | $56.12M | 3.19% |
| Bank of America Corp | $50.46M | 2.86% |
| Procter & Gamble Co | $47.26M | 2.68% |
| Visa Inc Class A | $46.90M | 2.66% |
| Texas Instruments Inc | $44.49M | 2.52% |
| Danaher Corp | $43.90M | 2.49% |
Country Allocation
As of 9/30/2019 reported by Fund Sponsor
| United States - Equity | 98.53% |
Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.
NOTES:
† Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.
The following information applies to closed-end funds 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. Shares of closed-end funds 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 frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.
Important information:
This site does not list all of 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.
Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific Fund, please visit the Fund sponsor's website.
CEFConnect.com makes data for the universe of closed-end funds available as a courtesy to its users. CEFConnect.com data are supplied by the service provider, Morningstar. For certain data points, Morningstar uses publicly-available sources such as the Fund’s annual or semi-annual report, public announcements, press releases or regulatory filings; in some cases, it may rely on direct feeds from the Fund or Fund sponsor. Although the methodology behind the data shown for the products on this site may generally be the same as the Fund sponsor’s, the data itself may differ from that shown on the Fund website due to the frequency of the updates (daily vs. monthly vs. quarterly vs. annually). Users should consider these factors when evaluating the information shown on this site and review the Fund’s or Fund sponsor’s website for the Fund’s most recent and complete information including performance, objectives, risks, charges, expenses and prospectus, before making any investment decision.
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 is not provided in a fiduciary capacity. The information provided does not take into account the specific objective or circumstances of any particular investor, or suggest any specific course of action and should not be considered specific legal, investment or tax advice.
The content of this site, including but not limited to the text and images herein and their arrangement, are Copyright ©2019 by Nuveen, LLC All rights reserved.
Nuveen Disclaimer Information.