Overview

Historical Returns (%) as of Mar 31, 2021

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 Jun 24, 2021
Distribution Rate at NAV 10.08%
Distribution Rate at Market Price 10.40%
 

Fund Facts

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

Expense Ratios (%)2

as of Annual Report dated 10/31/2020
Management Fees 1.24
Other Expenses 0.24
Total Expenses (ex Interest and Fee Expense) 1.48
Interest and Fee Expense 0.57
Total Expenses 2.05
 

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, 2021

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 (%)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund at NAV 2.91 7.44 1.21 3.26 0.28 8.38 8.70 -0.03 9.57 1.21
Market Price 2.37 13.18 -5.67 -0.41 2.39 11.94 10.77 -7.64 16.38 -1.83
 

Fund Facts

Performance Inception 02/28/2005
 

Distribution Rates1

as of Jun 24, 2021
Distribution Rate at NAV 10.08%
Distribution Rate at Market Price 10.40%
 

Distribution History3,4

Ex-Date Distribution Reinvest Price
Jun 22, 2021 $0.11480 $13.25
May 20, 2021 $0.07500 $13.08
Apr 22, 2021 $0.07500 $13.20
Mar 23, 2021 $0.07500 $13.10
Feb 18, 2021 $0.07500 $13.20
Jan 21, 2021 $0.07500 $13.04
Dec 23, 2020 $0.07500 $12.36
Nov 20, 2020 $0.07500 $12.42
Oct 22, 2020 $0.07500 $11.95
Sep 22, 2020 $0.07500 $11.55
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

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

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

Education
  • B.A. Boston College

Experience
  • Managed Fund since 2008

 
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 CFA Society of Boston 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

Chief Investment Officer, Fixed Income
Joined Eaton Vance 2002; rejoined the firm in 2008

Biography

Eric Stein is a vice president of Eaton Vance Management and chief investment officer, fixed income. He is responsible for overseeing the management of investment strategies for Eaton Vance Management and its affiliate Calvert Research and Management across the income markets, including floating-rate loans, high-yield bonds, municipal bonds, emerging-market debt, mortgage-backed and asset-backed securities, investment-grade corporate and government bonds, and multi-asset income solutions for individual and institutional accounts. He originally joined Eaton Vance in 2002 and rejoined the company in 2008.

Eric began his career in the investment management industry with Eaton Vance in 2002. Previously at Eaton Vance, he was co-director of global income and a portfolio manager on Eaton Vance's global income team, where he led that team with 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. 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, Enterprise Club, AEI Boston Council and the CFA Society Boston. Eric 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.

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 CFA Society of Boston 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: Mar 31, 2021

Annual Report

Download - Last updated: Oct 31, 2020

Short Duration Diversified Income Holdings

Download - Last updated: Apr 30, 2021

Q1 Holdings

Download - Last updated: Jan 31, 2021

Q3 Holdings

Download - Last updated: Jul 31, 2020

Holdings - Form N-PORT

Download

Return of Capital Distributions Demystified

Download - Last updated: Mar 17, 2021

Eaton Vance Announces Upcoming Retirement of Payson F. Swaffield

Download - Last updated: Apr 30, 2020

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

Download - Last updated: Jan 9, 2014

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: Jun 1, 2021

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

Download - Last updated: May 7, 2021

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

Download - Last updated: May 3, 2021

Distribution Dates and Amounts for Eaton Vance Closed-End Funds

Download - Last updated: Apr 1, 2021

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

Download - Last updated: Mar 9, 2021

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

Download - Last updated: Mar 1, 2021

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

Download - Last updated: Feb 23, 2021

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

Download - Last updated: Feb 1, 2021

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

Download - Last updated: Jan 28, 2021

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

Download - Last updated: Jan 12, 2021

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

Download - Last updated: Jan 8, 2021

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

Download - Last updated: Jan 4, 2021

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

Download - Last updated: Dec 23, 2020

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

Download - Last updated: Dec 1, 2020

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

Download - Last updated: Nov 10, 2020

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

Download - Last updated: Nov 2, 2020

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

Download - Last updated: Oct 29, 2020

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

Download - Last updated: Oct 1, 2020

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

Download - Last updated: Sep 1, 2020

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

Download - Last updated: Aug 3, 2020

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

Download - Last updated: Jul 1, 2020

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

Download - Last updated: Jun 1, 2020

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

Download - Last updated: May 1, 2020

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

Download - Last updated: Apr 1, 2020

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

Download - Last updated: Mar 2, 2020

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

Download - Last updated: Feb 3, 2020

Eaton Vance Declares Early Monthly Distributions and Special Distributions for Certain Eaton Vance Closed-End Funds

Download - Last updated: Dec 20, 2019

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

Download - Last updated: Dec 2, 2019

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

Download - Last updated: Nov 1, 2019

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

Download - Last updated: Oct 1, 2019

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

Download - Last updated: Sep 3, 2019

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

Download - Last updated: Aug 1, 2019

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

Download - Last updated: Jul 1, 2019

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Download - Last updated: Nov 15, 2013

Semi-Annual Report

Download - Last updated: Apr 30, 2021