Overview

Historical Returns (%) as of Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
11/30/2017
Fund at NAV 0.16 1.30 8.19 9.41 5.23 4.34 5.54
Market Price -3.10 -3.72 4.96 10.01 5.90 3.14 5.65
09/30/2017
Fund at NAV 0.54 1.67 7.38 8.95 5.31 4.15 5.69
Market Price -0.79 2.98 8.16 11.54 6.80 3.05 5.81
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 or equal to one year is cumulative.
 

Distribution Rates1

as of Dec 11, 2017
Distribution Rate at NAV 6.00%
Distribution Rate at Market Price 6.54%

Fund Facts as of Nov 30, 2017

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

Expense Ratios (%)2

as of Annual Report dated 10/31/2016
Management Fees 1.25
Other Expenses 0.28
Total Expenses (ex Interest and Fee Expense) 1.53
Interest and Fee Expense 0.61
Total Expenses 2.14

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

Historical Returns (%) as of Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
11/30/2017
Fund at NAV 0.16 1.30 8.19 9.41 5.23 4.34 5.54
Market Price -3.10 -3.72 4.96 10.01 5.90 3.14 5.65
09/30/2017
Fund at NAV 0.54 1.67 7.38 8.95 5.31 4.15 5.69
Market Price -0.79 2.98 8.16 11.54 6.80 3.05 5.81
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 or equal to one year is cumulative.
 

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 8.47 -15.36 34.84 9.99 2.91 7.44 1.21 3.26 0.28 8.38
Market Price -1.60 -19.74 48.23 12.63 2.37 13.18 -5.67 -0.41 2.39 11.94
 

Fund Facts

Performance Inception 02/28/2005

Distribution Rates1

as of Dec 11, 2017
Distribution Rate at NAV 6.00%
Distribution Rate at Market Price 6.54%
 

Distribution History3,4

Ex-Date Distribution Reinvest Price
Oct 23, 2017 $0.07650 $14.19
Sep 21, 2017 $0.07650 $14.29
Aug 22, 2017 $0.07650 $14.45
Jul 20, 2017 $0.07650 $14.32
Jun 21, 2017 $0.07650 $14.03
May 22, 2017 $0.07650 $14.11
Apr 19, 2017 $0.07650 $14.16
Mar 22, 2017 $0.09000 $14.09
Feb 16, 2017 $0.09000 $14.05
Jan 20, 2017 $0.09000 $13.93
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 ($)
2016 $0.63 $0.00 $0.63 $0.00 $0.45 $1.08
2015 $0.51 $0.00 $0.51 $0.00 $0.57 $1.08
2014 $0.76 $0.00 $0.76 $0.00 $0.32 $1.08
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 (%)
2016 58.78% 0.00% 58.78% 0.00% 41.22% 100.00%
2015 47.15% 0.00% 47.15% 0.00% 52.85% 100.00%
2014 69.94% 0.35% 70.29% 0.00% 29.71% 100.00%
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.

In recent years, a significant portion of the Fund’s distributions has been characterized as return of capital.

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 currently 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.


Management

Scott H. Page, CFA

Scott H. Page, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1989

Biography

Scott Page is a vice president of Eaton Vance Management, co-director of bank loans and portfolio manager on Eaton Vance’s floating-rate loan team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's floating-rate loan strategies. He joined Eaton Vance in 1989.

Scott began his career in the investment management industry in 1981. Before joining Eaton Vance, he was affiliated with the Dartmouth College Investment Office, as well as Citicorp and Chase Manhattan Bank in corporate finance/lending and credit review.

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

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

Education
  • B.A. Williams College
  • M.B.A. Amos Tuck School of Business Administration, Dartmouth College

Experience
  • Managed Fund since inception

 
Payson F. Swaffield, CFA

Payson F. Swaffield, CFA

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

Biography

Payson Swaffield is a vice president and chief income investment officer of Eaton Vance Management. He is responsible for all income disciplines at Eaton Vance, including investment-grade and high-yield bonds, floating-rate loans, global fixed income, municipal bonds and customized solutions for institutional and retail accounts. He joined Eaton Vance in 1990.

Payson began his career in the investment management industry in 1978. Before joining Eaton Vance, he held positions in valuation and corporate finance with Conning & Company, State Street Bank, Duff & Phelps, Inc. and in commercial lending with Northern Trust.

Payson earned a B.A. from Middlebury College and an MBA from the University of Chicago Booth School of Business. He served on the Board of the LSTA (Loan Syndications and Trading Association) from 2001-2008 and currently serves as an overseer of the Museum of Science in Boston .

Education
  • B.A. Middlebury College
  • M.B.A. Booth School of Business, University of Chicago

Experience
  • Managed Fund since inception

Other funds managed
 
Catherine McDermott

Catherine McDermott

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Biography

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
 
Andrew Szczurowski, CFA

Andrew Szczurowski, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2007

Biography

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
 
Eric Stein, CFA

Eric Stein, CFA

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

Biography

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 buy and sell decisions, portfolio construction and risk management for the firm’s global income strategies. 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 term member of the Council on Foreign Relations. He is also 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
 

Sarah C. Orvin, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2008

Biography

Sarah Orvin is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global income team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s global income strategies. She is also responsible for the analysis of macroeconomics, politics and financial markets of various countries in Southern and Central Europe, the Middle East and Africa and the management of regional investments in various global portfolios. She began her career in the investment management industry with Eaton Vance in 2008.

Sarah earned a B.A. from Boston College. She is a member of the Boston Security Analysts Society and is a CFA charterholder. She has written for the Financial Times beyondbrics blog.

Education
  • B.A. Boston College

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2017

Annual Report

Download - Last updated: Oct 31, 2016

Short Duration Diversified Income Holdings

Download - Last updated: Oct 31, 2017

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

Download

Return of Capital Distributions Demystified

Download - Last updated: Dec 1, 2017

Reinvesting Closed-End Fund Distributions

Download - Last updated: Oct 1, 2016

Morningstar EVG Fact Sheet

Download

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

Download - Last updated: Jan 9, 2014

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Download - Last updated: Nov 15, 2013

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

Download - Last updated: Nov 27, 2012

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

Download - Last updated: Dec 1, 2017

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: Nov 1, 2017

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

Download - Last updated: Oct 2, 2017

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

Download - Last updated: Sep 1, 2017

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

Download - Last updated: Aug 1, 2017

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

Download - Last updated: Jul 3, 2017

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

Download - Last updated: Jun 1, 2017

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

Download - Last updated: May 1, 2017

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Apr 28, 2017

Distribution Date and Distribution Rate Change Announced for Eaton Vance Short Duration Diversified Income Fund

Download - Last updated: Apr 3, 2017

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Mar 31, 2017

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

Download - Last updated: Mar 1, 2017

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Feb 28, 2017

Distributions Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Feb 1, 2017

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jan 31, 2017

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

Download - Last updated: Jan 3, 2017

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Dec 30, 2016

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

Download - Last updated: Dec 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Nov 30, 2016

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

Download - Last updated: Nov 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Oct 31, 2016

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

Download - Last updated: Oct 3, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Sep 30, 2016

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

Download - Last updated: Sep 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Aug 31, 2016

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

Download - Last updated: Aug 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jul 29, 2016

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

Download - Last updated: Jul 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jun 30, 2016

Eaton Vance Short Duration Diversified Income Fund Announces Modification to Investment Policy

Download - Last updated: Jun 29, 2016

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

Download - Last updated: Jun 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: May 31, 2016

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

Download - Last updated: May 2, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Apr 29, 2016

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

Download - Last updated: Apr 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Mar 31, 2016

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

Download - Last updated: Mar 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Feb 29, 2016

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

Download - Last updated: Feb 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Jan 29, 2016

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

Download - Last updated: Jan 4, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Dec 30, 2015

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

Download - Last updated: May 20, 2011

Section 16 Filings - www.sec.gov

Download - Last updated: Jun 30, 2011

Semi-Annual Report

Download - Last updated: Apr 30, 2017