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Eaton Vance Tax-Managed Diversified Equity Income Fund

ETY

Market cap $2.24B

14.15 USD

+0.08

0.57%

At close Updated Sep 25, 4:00 PM EDT

Pre-market

After hours

14.13

-0.02

0.14%

1 day

0.57%

5 days

0.43%

1 month

-1.67%

3 months

1.22%

6 months

2.69%

Year to date

-7.4%

1 year

-10.44%

5 years

-0.7%

10 years

34.12%

About: Eaton Vance Tax-mgd Dvsf Eq Inc Fd is a diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. Its portfolio of investments consists of capital markets, banks, internet and direct marketing retail, biotechnology, media, oil, gas, and consumable fuels, and other sectors.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 66.7%

Neutral 33.3%

Negative 0%

2 Closed-End Funds At Attractive Discounts

Closed-end funds can provide unique opportunities thanks to their share prices trading wildly different from their actual underlying net asset value per share. This creates a discount/premium opportunity, where we look to target funds trading at historically wide discounts, not simply those at the deepest absolute discounts. Today, we are looking at 2 CEFs with a solid historical track record, and tax-friendly monthly distributions that are trading at attractively discounted prices.

2 Closed-End Funds At Attractive Discounts

10 Best CEFs This Month: Average Yield Of Near 10% (August 2026)

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 10% yield and nearly 5% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

10 Best CEFs This Month: Average Yield Of Near 10% (August 2026)

ETY: Discount Widening Presents Opportunity For This Monthly Payer

Eaton Vance Tax-Managed Diversified Equity Income Fund now trades at an 8.3% discount, presenting a compelling entry point. ETY's lagging returns stem from both a widened discount and active management choices that diverge from the S&P 500 composition. Despite underperformance, ETY's 8.35% yield and tax-friendly distributions remain attractive for income-focused investors.

ETY: Discount Widening Presents Opportunity For This Monthly Payer

10 Funds For Potential $6,000 Monthly Income: Retirement Series

This article is focused on retirees and income investors who want to generate both a passive income and decent capital appreciation. The income is important for retirees, but they should not overlook the capital growth to meet or beat inflation to support at least 30 years of retirement. We present a portfolio of 10 funds that is highly diversified with nearly as many different industry segments. The portfolio offers a 7% plus yield and roughly $6,000 monthly income.

10 Funds For Potential $6,000 Monthly Income: Retirement Series

10 Best CEFs This Month: Average Yield Of Near 10% (July 2026)

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 10% plus yield and nearly 7.7% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

10 Best CEFs This Month: Average Yield Of Near 10% (July 2026)

Eaton Vance Tax-Managed Diversified Equity Income Fund: A 15-Year Follow-Up On ETY

Eaton Vance Tax-Managed Diversified Equity Income (ETY) remains a resilient, tax-efficient, covered call CEF for income-oriented, risk-averse investors. ETY has shifted its portfolio toward technology, now over 34% tech exposure, and adopted a monthly managed distribution policy yielding 8.16%. Management has enhanced option-writing tactics, shortening duration to 14 days and dynamically re-striking to mitigate low-volatility drag.

Eaton Vance Tax-Managed Diversified Equity Income Fund: A 15-Year Follow-Up On ETY

ETY: Attractive Discount Presents Opportunity To Accumulate

Eaton Vance Tax-Managed Diversified Equity Income Fund offers high-quality equity exposure with an 8.1% yield, and is now trading at a 6.35% NAV discount. ETY's option-writing strategy amplifies income but may cap upside and increase vulnerability during downturns, as seen in 2022 losses. Recent annual report shows earnings outpace distributions, supporting income stability and NAV growth, especially with technology sector alignment.

ETY: Attractive Discount Presents Opportunity To Accumulate

This Surging 8.2% Dividend Proves The Economy Is Fine

Wall Street and the press have it all wrong on the US economy. Here's the truth:

This Surging 8.2% Dividend Proves The Economy Is Fine

ETY: Discount Remains Narrow For This Monthly Payer

The Eaton Vance Tax-Managed Diversified Equity Income Fund offers a 7.81% monthly yield, emphasizing tax-favorable distributions for taxable accounts. ETY employs a partial overwrite strategy, targeting ~50% notional value on laddered S&P 500 index call options to balance income and upside participation. While ETY underperformed the S&P 500 during strong bull runs, it outperformed the CBOE S&P 500 BuyWrite Index and matched newer call-writing ETFs on NAV returns.

ETY: Discount Remains Narrow For This Monthly Payer

ETY: This Option-Income Fund Could Be Riskier Than Commonly Believed

Eaton Vance Tax-Managed Diversified Equity Income Fund offers a 7.97% yield via equity exposure and an options strategy, appealing to income-focused investors. ETY's yield is achieved through realized capital gains and short-term naked S&P 500 index call options, not primarily from portfolio dividends. ETY underperforms peers on yield and trades at a smaller discount to NAV, but its ten-year total return is competitive within its category.

ETY: This Option-Income Fund Could Be Riskier Than Commonly Believed

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