Overview

Historical Returns (%) as of Mar 31, 2022

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. Fund performance during certain periods reflects the strong loan market performance and the Fund’s use of leverage during those periods. This performance is not typical and may not be repeated.
 

Distribution Rates1

as of Jun 22, 2022
Distribution Rate at NAV 10.33%
Distribution Rate at Market Price 11.31%
 

Fund Facts as of May 31, 2022

Performance Inception 02/28/2005
Investment Objective Current income
Total Net Assets $154.3M
CUSIP 27828V104

Fund Facts

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

Expense Ratios (%)2

as of Annual Report dated 10/31/2021
Management Fees 1.12
Other Expenses 0.23
Total Expenses (ex Interest and Fee Expense) 1.35
Interest and Fee Expense 0.28
Total Expenses 1.63
 

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 Mar 31, 2022

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. Fund performance during certain periods reflects the strong loan market performance and the Fund’s use of leverage during those periods. This performance is not typical and may not be repeated.
 

Calendar Year Returns (%)

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Fund at NAV 7.44 1.21 3.26 0.28 8.38 8.70 -0.03 9.57 1.21 3.23
Market Price 13.18 -5.67 -0.41 2.39 11.94 10.77 -7.64 16.38 -1.83 17.11
 

Fund Facts

Performance Inception 02/28/2005
 

Distribution Rates1

as of Jun 22, 2022
Distribution Rate at NAV 10.33%
Distribution Rate at Market Price 11.31%
 

Distribution History3,4

Ex-Date Distribution Reinvest Price
Jun 22, 2022 $0.09580
May 23, 2022 $0.09880
Apr 21, 2022 $0.10130
Mar 23, 2022 $0.10290
Feb 17, 2022 $0.10730
Jan 21, 2022 $0.10880
Dec 22, 2021 $0.10860
Nov 22, 2021 $0.11100
Oct 21, 2021 $0.11210
Sep 22, 2021 $0.11310
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 ($)
2019 $0.92 $0.02 $0.94 $0.00 $0.00 $0.94
2018 $0.83 $0.00 $0.83 $0.00 $0.00 $0.83
2017 $0.89 $0.00 $0.89 $0.00 $0.07 $0.96
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 (%)
2019 97.53% 2.47% 100.00% 0.00% 0.00% 100.00%
2018 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2017 92.36% 0.00% 92.36% 0.00% 7.64% 100.00%
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%

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

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

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.A., summa cum laude, from Boston College.

Education
  • B.A. Boston College

Experience
  • Managed Fund since 2008

 
Andrew Szczurowski, CFA

Andrew Szczurowski, CFA

Managing Director, Head of Agency MBS
Joined Eaton Vance 2007

Biography

Andrew Szczurowski is Head of Mortgage-Backed Securities and a portfolio manager on the mortgage backed securities (MBS) team. He joined Eaton Vance in 2007. Morgan Stanley acquired Eaton Vance in March 2021.

Andrew began his career in the investment management industry in 2005. Previously at Eaton Vance, he was a portfolio manager on Eaton Vance's global income team, responsible for buy and sell decisions, portfolio construction and risk management for the firm's mortgage-backed strategies. 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 CFA Society Boston and is a CFA charterholder.

Education
  • B.S. University of New Hampshire

Experience
  • Managed Fund since 2011

Other funds managed
 
Akbar A. Causer

Akbar A. Causer

Managing Director, Portfolio Manager
Joined Eaton Vance 2017

Biography

Akbar Causer is a portfolio manager on the Emerging Markets team. He is responsible for buy and sell decisions, portfolio construction and risk management for the team’s emerging markets strategies. He joined Eaton Vance in 2017. Morgan Stanley acquired Eaton Vance in March 2021.

Akbar began his career in the investment management industry in 2005. Before joining Eaton Vance, he was a senior analyst at DDJ Capital Management. Previously, he was affiliated with Littlejohn & Co. and Rothschild, Inc.

Akbar earned a B.A. from the University of Pennsylvania and an MBA from Harvard Business School.

Education
  • B.A. University of Pennsylvania
  • M.B.A. Harvard Business School

Experience
  • Managed Fund since 2021

 
Federico Sequeda, CFA

Federico Sequeda, CFA

Executive Director, Portfolio Manager
Joined Eaton Vance 2010

Biography

Federico Sequeda is a portfolio manager on the Emerging Markets team. He is responsible for buy and sell decisions, portfolio construction and risk management for the team’s emerging markets strategies. He joined Eaton Vance in 2010. Morgan Stanley acquired Eaton Vance in March 2021.

Federico began his career in the investment management industry in 2009. Before joining Eaton Vance, he was an investment associate with Bridgewater Associates, LP.

Federico earned a B.A., magna cum laude, from Dartmouth College. He is a CFA charterholder.

Education
  • B.A. Dartmouth College

Experience
  • Managed Fund since 2021

 
Eric Stein, CFA

Eric Stein, CFA

Managing Director, CIO
Joined Eaton Vance 2002; rejoined the firm in 2008

Biography

Eric Stein is the Chief Investment Officer for Fixed Income. He is also a member of the Morgan Stanley Investment Management Operating Committee. He is responsible for overseeing the management of investment strategies for MSIM's fixed income platform, including agency mortgage-backed securities, emerging markets, floating-rate loans, high yield, investment grade credit, multi-sector, municipals, and securitized strategies. He originally joined Eaton Vance in 2002 and rejoined the company in 2008. Morgan Stanley acquired Eaton Vance in March 2021.

Eric began his career in the investment management industry with Eaton Vance in 2002. Previously at Eaton Vance, he was co-director of emerging markets and a portfolio manager on Eaton Vance’s emerging markets team, where he led that team of investment professionals based in Boston, Washington, D.C., London and Singapore. Eric previously worked on the Markets Desk of the Federal Reserve Bank of New York.

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 was a term member of the Council on Foreign Relations and is on the board of overseers of Big Brothers Big Sisters of Massachusetts Bay, where he is also a member of the finance and audit committee. He is also a CFA charterholder.

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
 

Literature

Literature

Fact Sheet

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Annual Report

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Short Duration Diversified Income Holdings

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Q1 Holdings

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Q3 Holdings

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Holdings - Form N-PORT

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Return of Capital Distributions Demystified

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Eaton Vance Announces Upcoming Retirement of Payson F. Swaffield

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

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

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

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

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

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

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

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

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Eaton Vance Short Duration Diversified Income Fund and Eaton Vance Limited Duration Income Fund Announce Investment Policy Changes

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

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

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

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Eaton Vance Management Announces Changes To The Portfolio Management Team of Eaton Vance Short Duration Diversified Income Fund

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

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Certain Eaton Vance Closed-End Funds Announce Final Results of Tender Offers

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Certain Eaton Vance Closed-End Funds Announce Preliminary Results of Tender Offers

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

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

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Certain Eaton Vance Closed-End Funds Commence Tender Offers

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

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Results of Special Shareholder Meeting of Eaton Vance Short Duration Diversified Income Fund

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

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Distribution Dates and Amounts for Eaton Vance Closed-End Funds

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Eaton Vance Short Duration Diversified Income Fund Announces Conditional Tender Offer, Conditional Distribution Rate Increase and Special Shareholder Meeting

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

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Results of Special Shareholder Meeting of Eaton Vance Floating-Rate 2022 Target Term Trust (EFL): Approval of Interim Agreements for Certain Other Closed-End Funds

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

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Certain Eaton Vance Closed-End Funds Announce Telephonic Annual Meeting Of Shareholders On February 11, 2021

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Corrected Results of Joint Special Shareholder Meeting of Certain Eaton Vance Closed-End Funds

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Results of Joint Special Shareholder Meeting of Certain Eaton Vance Closed-End Funds

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

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Certain Eaton Vance Closed-End Funds Joint Special Meeting of Shareholders on January 7, 2021 Will Be a Virtual Meeting

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

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Eaton Vance Closed-End Funds Announce Board Approval of New Investment Advisory and Sub-Advisory Agreements

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

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Eaton Vance Closed-End Funds Announce Record and Meeting Dates For Joint Special Meeting of Shareholders

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

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

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

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

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

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Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

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

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

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Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Download Eaton Vance Closed-End Funds Adopt Share Repurchase Programs - Last updated: Nov 15, 2013

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

Download Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund Approve Change in Investment Policies - Last updated: May 20, 2011

Section 16 Filings - www.sec.gov

Download Section 16 Filings - www.sec.gov - Last updated: Jun 30, 2011

Semi-Annual Report

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