Overview

Distribution Rates1

as of Dec 19, 2014
Distribution Rate at NAV 6.67%
Distribution Rate at Market Price 7.62%

Average Annual Returns (%) as of Sep 30, 2014

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
11/30/2014
Fund at NAV 0.38 0.22 4.20 4.25 4.37 5.24 5.97
Market Price -0.14 -1.61 0.85 1.64 2.43 5.07 4.57
09/30/2014
Fund at NAV -0.77 -0.23 3.16 4.74 4.62 5.50 5.97
Market Price -1.14 -2.62 1.34 1.67 3.64 4.73 4.71
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than one year is cumulative.

The Fund has adopted a policy to pay common shareholders a stable monthly distribution, and may pay distributions consisting of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains distributions and nondividend distributions, also known as return of capital. There is no assurance that the Fund will always be able to pay distributions of a particular size. Click here for more information.

Fund Facts as of Nov 30, 2014

Performance Inception 02/28/2005
Investment Objective Current income
CUSIP 27828V104


Portfolio Management

Scott H. Page, CFA Managed Fund since inception
Payson F. Swaffield Managed Fund since inception
Catherine McDermott Managed Fund since 2008
Andrew Szczurowski, CFA Managed Fund since 2011
Eric Stein, CFA Managed Fund since 2012

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Performance

Average Annual Returns (%) as of Sep 30, 2014

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
11/30/2014
Fund at NAV 0.38 0.22 4.20 4.25 4.37 5.24 5.97
Market Price -0.14 -1.61 0.85 1.64 2.43 5.07 4.57
09/30/2014
Fund at NAV -0.77 -0.23 3.16 4.74 4.62 5.50 5.97
Market Price -1.14 -2.62 1.34 1.67 3.64 4.73 4.71
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than one year is cumulative.

The Fund has adopted a policy to pay common shareholders a stable monthly distribution, and may pay distributions consisting of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains distributions and nondividend distributions, also known as return of capital. There is no assurance that the Fund will always be able to pay distributions of a particular size. Click here for more information.

Calendar Year Returns (%)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fund at NAV 7.65 8.47 -15.36 34.84 9.99 2.91 7.44 1.21
Market Price 15.33 -1.60 -19.74 48.23 12.63 2.37 13.18 -5.67

Fund Facts

Performance Inception 02/28/2005


Distribution Rates1

as of Dec 19, 2014
Distribution Rate at NAV 6.67%
Distribution Rate at Market Price 7.62%

Distribution History2,3

Ex-Date Distribution Reinvest Price
Nov 19, 2014 $0.09000 $14.46
Oct 22, 2014 $0.09000 $14.52
Sep 19, 2014 $0.09000 $14.65
Aug 20, 2014 $0.09000 $14.95
Jul 22, 2014 $0.09000 $14.97
Jun 19, 2014 $0.09000 $15.33
May 21, 2014 $0.09000 $15.25
Apr 21, 2014 $0.09000 $15.21
Mar 20, 2014 $0.09000 $15.21
Feb 19, 2014 $0.09000 $15.29
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2013 $0.72 $0.00 $0.72 $0.00 $0.36 $1.08
2012 $0.97 $0.02 $0.99 $0.00 $0.00 $0.99
2011 $1.08 $0.00 $1.08 $0.00 $0.00 $1.08
2010 $1.25 $0.00 $1.25 $0.00 $0.00 $1.25
2009 $0.98 $0.00 $0.98 $0.00 $0.12 $1.10
2008 $1.42 $0.00 $1.42 $0.00 $0.00 $1.42
2007 $1.42 $0.00 $1.42 $0.00 $0.00 $1.42
2006 $1.33 $0.00 $1.33 $0.00 $0.08 $1.41
2005 $0.90 $0.00 $0.90 $0.00 $0.11 $1.01
Distributions (%)
2013 66.30% 0.00% 66.30% 0.00% 33.70% 100.00%
2012 97.66% 2.34% 100.00% 0.00% 0.00% 100.00%
2011 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2010 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2009 88.81% 0.00% 88.81% 0.00% 11.19% 100.00%
2008 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2007 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2006 94.23% 0.00% 94.23% 0.00% 5.77% 100.00%
2005 88.83% 0.00% 88.83% 0.00% 11.17% 100.00%
This data reflects distributions paid on Fund shares held for the full calendar year and is not predictive of the tax character of current or future distributions. Fund shareholders should refer to the individual IRS Form 1099-DIVs provided to them shortly after each year-end to determine the appropriate federal income tax treatment of the distributions they receive. Eaton Vance is not responsible for any errors in tax reporting that may result from using the above data. Non-qualified ordinary dividends are subject to federal income tax at ordinary rates. Qualified dividends and capital gains distributions are taxable at long-term capital gains rates. Nondividend distributions, also known as return of capital distributions, are not subject to current federal income tax. Instead, the tax cost basis of each shareholder receiving a return of capital distribution is reduced by the amount of the distribution.

The Fund has adopted a policy to pay common shareholders a stable monthly distribution. In an effort to maintain a stable distribution amount, the Fund may pay distributions consisting of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains distributions and nondividend distributions, also known as return of capital. There is no assurance that the Fund will always be able to pay distributions of a particular size. In recent years, a significant portion of the Fund's distributions has been characterized as a return of capital. Click here for more information.

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Portfolio

No portfolio information is available.

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Insights & Analysis

Quarterly Commentary

No commentary information is available.

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Attribution

No attribution information is available.


Management

Biography
Scott H. Page, CFA

Scott H. Page, CFA

Vice President, Co-Director of Floating-Rate Loan Group, Eaton Vance Management
Joined Eaton Vance 1989

Scott Page is a vice president of Eaton Vance Management, co-director and portfolio manager with Eaton Vance’s Floating-Rate Loan Group.

Scott joined Eaton Vance in 1989 as an analyst with the group. He was promoted to lead the firm’s floating-rate loan practice in 1996. His previous experience includes an affiliation with the Dartmouth College Investment Office, as well as corporate finance/lending and credit review at Citicorp and Chase Manhattan Bank.

Scott earned a B.A. from Williams College in 1981 and an MBA from the Amos Tuck School at Dartmouth College in 1987. He is a CFA charterholder and has served as a member of the Board of Directors of the LSTA (Loan Syndications and Trading Association).

Scott's commentary has appeared in Bloomberg, Business Week, Dow Jones Investment Advisor, Forbes, Investor's Business Daily, Smart Money, Kiplinger's, USA Today, and The Wall Street Journal, and he has been featured on CNBC. He co-authored "An Overview of the Loan Market" in the Handbook of Loan Syndications and Trading (2007).

Education
  • B.A. Williams College
  • M.B.A. Amos Tuck School of Business Administration, Dartmouth College
Experience
  • Managed Fund since inception
Biography
Payson F. Swaffield, CFA

Payson F. Swaffield, CFA

Vice President, Chief Income Investment Officer, Eaton Vance Management
Joined Eaton Vance 1990

Payson Swaffield is vice president and chief income investment officer of Eaton Vance Management. He is responsible for all income disciplines at Eaton Vance, including municipal bonds, floating-rate bank loans, investment-grade and high-yield bonds, global fixed income and customized solutions for defined benefit pension plans.

Payson joined Eaton Vance in 1990 as a senior financial analyst in the bank loan group. He served as co-department head of the bank loan group and co-portfolio manager of Eaton Vance's bank loan funds from 1996 to 2007.

Previously, Payson held positions in valuation and corporate finance at Conning & Company, State Street Bank, and Duff & Phelps, Inc., and in commercial lending at Northern Trust.

Payson earned a B.A. from Middlebury College in 1978 and an M.B.A. from the University of Chicago Booth School of Business in 1983. He served on the Board of the LSTA (Loan Syndications and Trading Association) from 2001-2008, and his commentary on the bank loan market has appeared in Bloomberg, Business Week, Kiplinger's, USA Today and The Wall Street Journal.

Education
  • B.A. Middlebury College
  • M.B.A. Booth School of Business, University of Chicago
Experience
  • Managed Fund since inception
Other funds managed
 
Biography
Catherine McDermott

Catherine McDermott

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Catherine McDermott is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s floating-rate loan team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s floating-rate loan strategies. Her focus is primarily on the automotive industry in addition to casinos, general industrial, theaters, packaging and consumer products. She joined Eaton Vance in 2000.

Catherine began her career in the investment management industry in 1988. Before joining Eaton Vance, she was a principal at Cypress Tree Investment Management and a vice president of corporate underwriting and research at Financial Security Assurance Inc.

Catherine earned a B.S., summa cum laude, from Boston College.

Education
  • B.S. Boston College
Experience
  • Managed Fund since 2008
Other funds managed
 
Biography
Andrew Szczurowski, CFA

Andrew Szczurowski, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2007

Andrew Szczurowski is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s mortgage-backed securities strategies. He joined Eaton Vance in 2007.

Andrew began his career in the investment management industry in 2005. Before joining Eaton Vance, he was affiliated with BNY Mellon.

Andrew earned a B.S., cum laude, from Peter T. Paul College of Business and Economics at the University of New Hampshire. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S. University of New Hampshire
Experience
  • Managed Fund since 2011
Other funds managed
 
Biography
Eric Stein, CFA

Eric Stein, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2002; rejoined the firm in 2008

Eric Stein is a vice president of Eaton Vance Management, co-director of global income and portfolio manager in Eaton Vance’s global income group. He is responsible for leading the 45-person global income team, as well as for making specific buy and sell decisions and overall portfolio construction. He focuses on Asia, Western Europe and the Dollar Bloc. He also covers the policies and actions of the Federal Reserve and the U.S. Treasury. He originally joined Eaton Vance in 2002 and rejoined the company in 2008.

Eric previously worked on the Markets Desk of the Federal Reserve Bank of New York. He has additional experience at Citigroup Alternative Investments.

Eric earned a B.S., cum laude, from Boston University and an MBA, with honors, from the University of Chicago Booth School of Business. He is a CFA charterholder and a member of the Boston Committee on Foreign Relations, Boston Economic Club, Business Associates Club, Enterprise Club, AEI Boston Council and Boston Security Analysts Society. Eric is on the board of overseers of Big Brothers Big Sisters of Massachusetts Bay. He also serves as a board member and member of the investment committee of the Boston Civic Symphony.

Eric’s commentary has appeared in The New York Times, The Wall Street Journal, Barron’s, Financial Times, The Washington Post, Bloomberg, Dow Jones, Reuters, Kiplinger’s and The Christian Science Monitor. He has been featured on CNBC, Fox News, Fox Business News, PBS, Bloomberg Radio and Bloomberg TV.

Education
  • B.S. Boston University
  • M.B.A. Booth School of Business, University of Chicago
Experience
  • Managed Fund since 2012
Other funds managed
 

Fund Literature

Fund Literature

Annual Report

Fact Sheet

Short Duration Diversified Income Holdings

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Reinvesting Closed-End Fund Distributions

Return of Capital Distributions Demystified

Morningstar EVG Fact Sheet

Eaton Vance Announces Updated Results of Closed-End Fund Share Repurchase Programs

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Eric A. Stein to Join Portfolio Management Team of Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund

Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund Approve Change in Investment Policies

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

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

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

Eaton Vance Short Duration Diversified Income Fund, Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Annual Meeting of Shareholders

Eaton Vance Short Duration Diversified Income Fund Report of Earnings

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

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

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

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

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

Eaton Vance Short Duration Diversified Income Fund Report of Earnings

Eaton Vance Short Duration Diversified Income Fund July 2014 Distribution

Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

Eaton Vance Short Duration Diversified Income Fund June 2014 Distribution

Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

Eaton Vance Short Duration Diversified Income Fund May 2014 Distribution

Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

Eaton Vance Short Duration Diversified Income Fund April 2014 Distribution

Eaton Vance Short Duration Diversified Income Fund Report of Earnings

Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

Eaton Vance Short Duration Diversified Income Fund March 2014 Distribution

Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

Eaton Vance Short Duration Diversified Income Fund February 2014 Distribution

Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

Eaton Vance Short Duration Diversified Income Fund January 2014 Distribution

Eaton Vance Short Duration Diversified Income Fund Report of Earnings

Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

Eaton Vance Short Duration Diversified Income Fund December 2013 Distribution

Section 16 Filings - www.sec.gov

Semi-Annual Report


 

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    Symbol:  

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