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Eaton Vance Tax-Managed Divrs Equity Inc:ETY

    Manage Alerts

    Overview

    As of 12/6/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$12.34$12.171.40%
    52 Wk Avg$11.60$11.72-1.06%
    52 Wk High$12.42$12.172.91%
    52 Wk Low$9.43$10.17-7.51%
    Regular Distribution TypeManaged Distribution
    Distribution Rate8.20%
    Distribution Amount$0.0843
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    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

      Per Common Share
    Management Fees1.00%
    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

    Distributions

    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%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/7/2019

    PeriodAvg Discount
    6 Month0.56%
    1 Year-1.06%
    3 Year-2.25%
    5 Year-4.27%
    Z-Score

    As of 12/6/2019

    PeriodZStat
    3 Month0.05
    6 Month0.84
    1 Year1.13
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/6/2019
    Category: Morningstar US CEF Covered Call

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD30.63%21.06%25.25%19.12%
    2018-8.90%-4.77%-11.75%-7.93%
    201728.74%17.99%23.10%16.38%
    20161.82%5.15%8.90%8.17%
    20159.61%4.89%1.86%0.11%
    201411.73%9.17%7.53%4.80%
    201328.45%21.57%19.68%17.79%
    201218.14%14.12%14.03%10.09%
    2011-11.78%-3.66%-8.50%-0.23%
    2010-1.39%4.43%10.02%9.66%
    200942.09%24.82%45.18%23.14%
    2008-25.51%-25.64%-32.50%-30.52%
    2007-8.39%6.18%-6.01%7.11%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 12/6/2019
    Category: Morningstar US CEF Covered Call

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    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

    Sector%Portfolio
    Sensitive (Super Sector)37.66%
    Cyclical (Super Sector)35.64%
    Defensive (Super Sector)25.24%
    Technology20.01%
    Financial Services16.14%
    Consumer Cyclical14.68%
    Healthcare14.20%
    Industrials9.12%
    Consumer Defensive7.71%
    Communication Services4.32%
    Top Holdings

    As of 9/30/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    Microsoft Corp$98.20M5.57%
    Apple Inc$71.08M4.03%
    JPMorgan Chase & Co$64.18M3.64%
    Amazon.com Inc$58.22M3.30%
    Verizon Communications Inc$56.12M3.19%
    Bank of America Corp$50.46M2.86%
    Procter & Gamble Co$47.26M2.68%
    Visa Inc Class A$46.90M2.66%
    Texas Instruments Inc$44.49M2.52%
    Danaher Corp$43.90M2.49%
    Country Allocation

    As of 9/30/2019 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity98.53%

    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.

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