Overview

Historical Returns (%) as of Dec 31, 2023

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 Mar 01, 2024
Distribution Rate at NAV 8.49%
Distribution Rate at Market Price 8.84%
 

Fund Facts as of Jan 31, 2024

Performance Inception 02/28/2005
Investment Objective Current income
Total Net Assets $149.4M
CUSIP 27828V104

Expense Ratios (%)2

as of Annual Report dated 10/31/2023
Management Fees 1.08
Other Expenses 0.36
Total Expenses (ex Interest and Fee Expense) 1.44
Interest and Fee Expense 1.24
Total Expenses 2.68
 

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 Dec 31, 2023

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 (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund at NAV 3.26 0.28 8.38 8.70 -0.03 9.57 1.21 3.23 -9.07 13.86
Market Price -0.41 2.39 11.94 10.77 -7.64 16.38 -1.83 17.11 -14.78 11.80
 

Fund Facts

Performance Inception 02/28/2005
 

Distribution Rates1

as of Mar 01, 2024
Distribution Rate at NAV 8.49%
Distribution Rate at Market Price 8.84%
 

Distribution History3,4

Ex-Date Distribution Reinvest Price
Feb 21, 2024 $0.07870
Jan 22, 2024 $0.07860
Dec 21, 2023 $0.07680
Nov 21, 2023 $0.07440
Oct 20, 2023 $0.07540
Sep 21, 2023 $0.07640
Aug 21, 2023 $0.07650
Jul 21, 2023 $0.07600
Jun 21, 2023 $0.07490
May 19, 2023 $0.07570
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 ($)
2023 $0.84 $0.00 $0.84 $0.00 $0.11 $0.95
2022 $0.62 $0.00 $0.62 $0.00 $0.53 $1.15
2021 $0.66 $0.00 $0.66 $0.00 $0.50 $1.16
2020 $0.68 $0.00 $0.68 $0.00 $0.14 $0.83
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 (%)
2023 88.57% 0.00% 88.57% 0.00% 11.43% 100.00%
2022 53.96% 0.05% 54.00% 0.00% 46.00% 100.00%
2021 57.21% 0.00% 57.21% 0.00% 42.79% 100.00%
2020 82.96% 0.00% 82.96% 0.00% 17.04% 100.00%
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

Managing Director, Portfolio Manager
Joined Eaton Vance 2000

Biography

Catherine McDermott is a Portfolio Manager on the 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. Morgan Stanley acquired Eaton Vance in March 2021.

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, Co-Head of Mortgage & Securitized
Joined Eaton Vance 2007

Biography

Andrew Szczurowski is Co-Head of the Mortgage and Securitized investment team and a portfolio manager on Mortgage and Securitized investment team. He joined Eaton Vance in 2007. Morgan Stanley acquired Eaton Vance in March 2021. 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.

Andrew began his career in the investment industry in 2005. Before joining Eaton Vance, he was affiliated with BNY Mellon. Andrew earned a B.S., cum laude, from the Peter T. Paul College of Business and Economics at the University of New Hampshire. He holds the Chartered Financial Analyst designation and is a member of the CFA Society Boston.

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

 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Dec 31, 2023

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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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

Download Eric A. Stein to Join Portfolio Management Team of Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund - Last updated: Nov 27, 2012

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

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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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Certain Eaton Vance Closed-End Funds Commence Tender Offers

Download Certain Eaton Vance Closed-End Funds Commence Tender Offers - Last updated: Jun 29, 2021

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

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

Download Eaton Vance Short Duration Diversified Income Fund Announces Conditional Tender Offer, Conditional Distribution Rate Increase and Special Shareholder Meeting - Last updated: Mar 9, 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

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

Download Certain Eaton Vance Closed-End Funds Joint Special Meeting of Shareholders on January 7, 2021 Will Be a Virtual Meeting - Last updated: Dec 23, 2020

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

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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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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

Download Distribution Date and Distribution Rate Change Announced for Eaton Vance Short Duration Diversified Income Fund - Last updated: Apr 3, 2017

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

Download Eaton Vance Short Duration Diversified Income Fund Announces Modification to Investment Policy - Last updated: Jun 29, 2016

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

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Semi-Annual Report

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