Eaton Vance Tax-Managed Dividend Equity Income Fund (ETY)

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Eaton Vance Tax-Managed Dividend Equity Income Fund (ETY) is an actively managed closed end fund. The fund’s objective is to provide income exempt from Federal income tax and capital appreciation. This fund invests mainly in dividend paying common stocks and through utilizing an options strategy.

ETY Fund Profile

    Eaton Vance Tax-Managed Dividend Equity Income Fund (ETY)
  • Fund Inception Date: 05/30/2003
  • Ticker Symbol: ETY
  • CUSIP: 27828N102
  • Rank in category (2014): 77%
  • Category: US Equity - Covered Call
  • Yield: 8.80%
  • Effective Leverage: -
  • Capital Gains: -
  • Premium/ Discount: -8.28%
  • Base Expense Ratio: 1.08%
  • Net Assets: $ 1.87 billion
  • Annual Turnover Rate: 83%
EV Tax-Managed Dividend Equity Income Fund is managed by team of Eaton Vance Management. This popular closed end fund has a high yield of 8.80%. This closed end fund has total annual expense ratio fee of 1.08%. The current share price is $11.52.

EV Tax-Managed Dividend Equity Income Fund Return

Morningstar has ranked this US equity fund with 2 star rating. In 2014, the total 1 year return is 11.73%. It has returned 17.07% over the past 3 year, and 9.03% over the past 5 year. Fund performance is as follows:
  • Year 2014: 11.73%
  • Year 2013: 28.45%
  • Year 2012: 18.14%
  • Year 2011: -11.78%
  • Year 2010: -1.39%

ETY Fund Holdings

This ETY fund has 65 holdings in its portfolio. Top 5 stocks in its assets are Apple, Inc., Google Inc, Altria Group Inc., Amazon.com Inc, and Merck & Co Inc.

Pros:
  • This EV Tax-Managed Dividend Equity Income Fund has high yield for income
  • The expense fee is average.
Cons:
  • None

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