NPORT-EX 2 tmdivequityincome_d3updated.htm tmdivequityincome_d3updated.htm - Generated by SEC Publisher for SEC Filing

Eaton Vance

Tax-Managed Diversified Equity Income Fund

January 31, 2020

 

Portfolio of Investments (Unaudited)

 

Common Stocks  — 99.1%

 

Security

 

Shares

 

 

Value

 

 

________________________________________________________________________________________________________

Aerospace & Defense  — 1.0%

 

________________________________________________________________________________________________________

Airbus SE

128,479

 

$

18,868,931

 

 

________________________________________________________________________________________________________

 

$

18,868,931

 

 

________________________________________________________________________________________________________

Banks  — 7.2%

 

________________________________________________________________________________________________________

Bank of America Corp.(1)

1,653,108

 

$

54,271,536

 

 

JPMorgan Chase & Co.(1)

423,984

 

 

56,118,522

 

 

PNC Financial Services Group, Inc. (The)

154,176

 

 

22,902,845

 

 

________________________________________________________________________________________________________

 

$

133,292,903

 

 

________________________________________________________________________________________________________

Beverages  — 1.4%

 

________________________________________________________________________________________________________

PepsiCo, Inc.

188,438

 

$

26,761,965

 

 

________________________________________________________________________________________________________

 

$

26,761,965

 

 

________________________________________________________________________________________________________

Biotechnology  — 3.6%

 

________________________________________________________________________________________________________

Gilead Sciences, Inc.

346,896

 

$

21,923,827

 

 

Vertex Pharmaceuticals, Inc.(1)(2)

197,003

 

 

44,729,531

 

 

________________________________________________________________________________________________________

 

$

66,653,358

 

 

________________________________________________________________________________________________________

Capital Markets  — 1.7%

 

________________________________________________________________________________________________________

Goldman Sachs Group, Inc. (The)(1)

137,046

 

$

32,582,686

 

 

________________________________________________________________________________________________________

 

$

32,582,686

 

 

________________________________________________________________________________________________________

Commercial Services & Supplies  — 1.6%

 

________________________________________________________________________________________________________

Waste Management, Inc.

244,112

 

$

29,708,430

 

 

________________________________________________________________________________________________________

 

$

29,708,430

 

 

________________________________________________________________________________________________________

Communications Equipment  — 1.7%

 

________________________________________________________________________________________________________

Cisco Systems, Inc.

687,422

 

$

31,600,789

 

 

________________________________________________________________________________________________________

 

$

31,600,789

 

 

________________________________________________________________________________________________________

Consumer Finance  — 2.1%

 

________________________________________________________________________________________________________

American Express Co.(1)

295,503

 

$

38,376,975

 

 

________________________________________________________________________________________________________

 

$

38,376,975

 

 

________________________________________________________________________________________________________

Diversified Telecommunication Services  — 3.9%

 

________________________________________________________________________________________________________

AT&T, Inc.

501,071

 

$

18,850,291

 

 

Verizon Communications, Inc.(1)

890,795

 

 

52,948,855

 

 

________________________________________________________________________________________________________

 

$

71,799,146

 

 

________________________________________________________________________________________________________

Electric Utilities  — 1.9%

 

________________________________________________________________________________________________________

NextEra Energy, Inc.(1)

132,763

 

$

35,607,037

 

 

________________________________________________________________________________________________________

 

$

35,607,037

 

 

________________________________________________________________________________________________________

Electrical Equipment  — 1.9%

 

________________________________________________________________________________________________________

Eaton Corp. PLC(1)

381,158

 

$

36,007,996

 

 

________________________________________________________________________________________________________

 

$

36,007,996

 

 

________________________________________________________________________________________________________

Entertainment  — 3.7%

 

________________________________________________________________________________________________________

Live Nation Entertainment, Inc.(2)

376,875

 

$

25,687,800

 

 

Walt Disney Co. (The)(1)

308,352

 

 

42,648,165

 

 

________________________________________________________________________________________________________

 

$

68,335,965

 

 

________________________________________________________________________________________________________

Equity Real Estate Investment Trusts (REITs)  — 2.5%

 

________________________________________________________________________________________________________

American Tower Corp.

89,935

 

$

20,841,537

 

 

AvalonBay Communities, Inc.

115,631

 

 

25,056,081

 

 

________________________________________________________________________________________________________

 

$

45,897,618

 

 

________________________________________________________________________________________________________

Food Products  — 1.7%

 

________________________________________________________________________________________________________

Mondelez International, Inc., Class A

556,747

 

$

31,946,143

 

 

________________________________________________________________________________________________________

 

$

31,946,143

 

 

________________________________________________________________________________________________________

Health Care Equipment & Supplies  — 4.5%

 

________________________________________________________________________________________________________

Abbott Laboratories(1)

475,375

 

$

41,424,178

 

 

Danaher Corp.(1)

256,960

 

 

41,337,155

 

 

________________________________________________________________________________________________________

 

$

82,761,333

 

 

________________________________________________________________________________________________________

Hotels, Restaurants & Leisure  — 1.5%

 

________________________________________________________________________________________________________

Marriott International, Inc., Class A

205,568

 

$

28,791,854

 

 

________________________________________________________________________________________________________

 

$

28,791,854

 

 

________________________________________________________________________________________________________

Household Durables  — 1.4%

 

________________________________________________________________________________________________________

D.R. Horton, Inc.

432,550

 

$

25,606,960

 

 

________________________________________________________________________________________________________

 

$

25,606,960

 

 

________________________________________________________________________________________________________

Household Products  — 2.1%

 

________________________________________________________________________________________________________

Procter & Gamble Co. (The)(1)

312,635

 

$

38,960,574

 

 

________________________________________________________________________________________________________

 

$

38,960,574

 

 

________________________________________________________________________________________________________

Insurance  — 2.0%

 

________________________________________________________________________________________________________

Progressive Corp. (The)(1)

458,246

 

$

36,975,870

 

 

________________________________________________________________________________________________________

 

$

36,975,870

 

 

________________________________________________________________________________________________________

Interactive Media & Services  — 3.5%

 

________________________________________________________________________________________________________

Alphabet, Inc., Class C(2)

21,413

 

$

30,711,167

 

 

Facebook, Inc., Class A(1)(2)

167,024

 

 

33,723,816

 

 

________________________________________________________________________________________________________

 

$

64,434,983

 

 

________________________________________________________________________________________________________

Internet & Direct Marketing Retail  — 3.6%

 

________________________________________________________________________________________________________

Amazon.com, Inc.(1)(2)

33,032

 

$

66,352,039

 

 

________________________________________________________________________________________________________

 

$

66,352,039

 

 

________________________________________________________________________________________________________

IT Services  — 6.0%

 

________________________________________________________________________________________________________

Accenture PLC, Class A(1)

201,285

 

$

41,305,695

 

 

GoDaddy, Inc., Class A(2)

265,526

 

 

17,846,002

 

 

Visa, Inc., Class A(1)

261,243

 

 

51,979,520

 

 

________________________________________________________________________________________________________

 

$

111,131,217

 

 

________________________________________________________________________________________________________

Machinery  — 2.0%

 

________________________________________________________________________________________________________

Caterpillar, Inc.(1)

282,655

 

$

37,126,734

 

 

________________________________________________________________________________________________________

 

$

37,126,734

 

 

________________________________________________________________________________________________________

Metals & Mining  — 2.1%

 

________________________________________________________________________________________________________

Franco-Nevada Corp.

146,277

 

$

16,622,918

 

 

Steel Dynamics, Inc.

740,902

 

 

22,138,152

 

 

________________________________________________________________________________________________________

 

$

38,761,070

 

 

________________________________________________________________________________________________________

Multi-Utilities  — 1.5%

 

________________________________________________________________________________________________________

Sempra Energy

171,307

 

$

27,518,756

 

 

________________________________________________________________________________________________________

 

$

27,518,756

 

 

________________________________________________________________________________________________________

Oil, Gas & Consumable Fuels  — 3.8%

 

________________________________________________________________________________________________________

ConocoPhillips

252,678

 

$

15,016,653

 

 

EOG Resources, Inc.

226,982

 

 

16,549,258

 

 

Exxon Mobil Corp.

428,267

 

 

26,603,946

 

 

Phillips 66

137,046

 

 

12,521,893

 

 

________________________________________________________________________________________________________

 

$

70,691,750

 

 

________________________________________________________________________________________________________

Pharmaceuticals  — 4.1%

 

________________________________________________________________________________________________________

Bristol-Myers Squibb Co.

488,223

 

$

30,733,638

 

 

Sanofi

188,438

 

 

18,172,643

 

 

Zoetis, Inc.

201,286

 

 

27,014,594

 

 

________________________________________________________________________________________________________

 

$

75,920,875

 

 

________________________________________________________________________________________________________

Road & Rail  — 2.0%

 

________________________________________________________________________________________________________

CSX Corp.(1)

496,790

 

$

37,924,949

 

 

________________________________________________________________________________________________________

 

$

37,924,949

 

 

________________________________________________________________________________________________________

Semiconductors & Semiconductor Equipment  — 4.2%

 

________________________________________________________________________________________________________

Intel Corp.(1)

597,711

 

$

38,211,664

 

 

Texas Instruments, Inc.(1)

329,766

 

 

39,786,268

 

 

________________________________________________________________________________________________________

 

$

77,997,932

 

 

________________________________________________________________________________________________________

Software  — 7.8%

 

________________________________________________________________________________________________________

Intuit, Inc.

107,067

 

$

30,019,446

 

 

Microsoft Corp.(1)

676,662

 

 

115,188,172

 

 

________________________________________________________________________________________________________

 

$

145,207,618

 

 

________________________________________________________________________________________________________

Specialty Retail  — 2.6%

 

________________________________________________________________________________________________________

Best Buy Co., Inc.(1)

175,589

 

$

14,870,633

 

 

Lowe's Cos., Inc.(1)

286,939

 

 

33,353,789

 

 

________________________________________________________________________________________________________

 

$

48,224,422

 

 

________________________________________________________________________________________________________

Technology Hardware, Storage & Peripherals  — 5.1%

 

________________________________________________________________________________________________________

Apple, Inc.(1)

304,069

 

$

94,112,396

 

 

________________________________________________________________________________________________________

 

$

94,112,396

 

 

________________________________________________________________________________________________________

Textiles, Apparel & Luxury Goods  — 1.7%

 

________________________________________________________________________________________________________

NIKE, Inc., Class B

336,699

 

$

32,424,114

 

 

________________________________________________________________________________________________________

 

$

32,424,114

 

 

________________________________________________________________________________________________________

Tobacco  — 1.7%

 

________________________________________________________________________________________________________

Altria Group, Inc.(1)

672,378

 

$

31,958,126

 

 

________________________________________________________________________________________________________

 

$

31,958,126

 

 

________________________________________________________________________________________________________

Total Common Stocks
    (identified cost $1,290,198,824)

$

1,840,323,514

 

 

________________________________________________________________________________________________________

Short-Term Investments  — 2.0%

 

Description

 

Units

 

Value

 

 

________________________________________________________________________________________________________

Eaton Vance Cash Reserves Fund, LLC, 1.74%(3)

 

37,725,138

 

$

37,728,910

 

 

________________________________________________________________________________________________________

Total Short-Term Investments
    (identified cost $37,728,910)

$

37,728,910

 

 

________________________________________________________________________________________________________

Total Investments — 101.1%
    (identified cost $1,327,927,734)

$

1,878,052,424

 

 

________________________________________________________________________________________________________

Total Written Call Options — (0.2)%
    (premiums received $10,775,873)

$

(3,878,485)

 

 

________________________________________________________________________________________________________

Other Assets, Less Liabilities — (0.9)%

 

$

(15,893,104)

 

 

________________________________________________________________________________________________________

Net Assets — 100.0%

 

$

1,858,280,835

 

 

________________________________________________________________________________________________________



 

 

 

 

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

 

 

 

(1)

Security (or a portion thereof) has been pledged as collateral for written options.

 

(2)

Non-income producing security.

 

(3)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2020.

 
                                 
 

Eaton Vance

Tax-Managed Diversified Equity Income Fund

January 31, 2020

 

Portfolio of Investments (Unaudited) - continued

 

Written Call Options — (0.2)%

 

Exchange-Traded Options  — (0.2)%

 

Description

 

Number of
Contracts

 

Notional
Amount

 

Exercise
Price

 

Expiration
Date

 

Value

___________________________________________________________________________________________________________

 

S&P 500 Index

228

$

73,541,856

 

 

$

3,215

 

2/3/20

$

(582,540)

S&P 500 Index

228

 

73,541,856

 

 

 

3,250

 

2/5/20

 

(410,400)

S&P 500 Index

227

 

73,219,304

 

 

 

3,290

 

2/7/20

 

(162,305)

S&P 500 Index

227

 

73,219,304

 

 

 

3,290

 

2/10/20

 

(190,680)

S&P 500 Index

227

 

73,219,304

 

 

 

3,300

 

2/12/20

 

(186,140)

S&P 500 Index

226

 

72,896,752

 

 

 

3,325

 

2/14/20

 

(103,960)

S&P 500 Index

227

 

73,219,304

 

 

 

3,315

 

2/18/20

 

(165,710)

S&P 500 Index

226

 

72,896,752

 

 

 

3,335

 

2/19/20

 

(93,790)

S&P 500 Index

225

 

72,574,200

 

 

 

3,335

 

2/21/20

 

(120,375)

S&P 500 Index

226

 

72,896,752

 

 

 

3,250

 

2/24/20

 

(858,800)

S&P 500 Index

227

 

73,219,304

 

 

 

3,300

 

2/26/20

 

(384,765)

S&P 500 Index

228

 

73,541,856

 

 

 

3,280

 

2/28/20

 

(619,020)

___________________________________________________________________________________________________________

 

Total

 

$

(3,878,485)

___________________________________________________________________________________________________________

 
                                 

 

 

Eaton Vance

Tax-Managed Diversified Equity Income Fund

January 31, 2020

 

Portfolio of Investments (Unaudited) - continued

 

At January 31, 2020, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.

 

The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund writes index call options above the current value of the index to generate premium income. In writing index call options, the Fund in effect, sells potential appreciation in the value of the applicable index above the exercise price in exchange for the option premium received. The Fund retains the risk of loss, minus the premium received, should the value of the underlying index decline.

 

At January 31, 2020, the value of the Fund's investment in affiliated funds was $37,728,910, which represents 2.0% of the Fund's net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended January 31, 2020 were as follows:

 

Name of affiliated fund

Value, beginning of period

Purchases

Sales proceeds

Net realized gain (loss)

Change in unrealized appreciation (depreciation)

Value, end of period

Dividend income

Units, end of period

Short-Term Investments

Eaton Vance Cash Reserves Fund, LLC

$

15,233,398

$

141,081,386

$

(118,584,170)

$

(1,083)

$

(621)

$

37,728,910

$

91,559

 

37,725,138
                                               

 

 

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

 

• Level 1 – quoted prices in active markets for identical investments

 

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

• Level 3 – significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

 

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

 

At January 31, 2020, the hierarchy of inputs used in valuing the Fund's investments and open derivative instruments, which are carried at value, were as follows:

 

Asset Description

 

Level 1

 

Level 2

 

Level 3

 

Total

 

________________________________________________________________________________________________________

 

Common Stocks

 

 

 

 

 

Communication Services

$

204,570,094

$

—

$

—

$

204,570,094

 

 

 

Consumer Discretionary

 

201,399,389

 

—

 

—

 

201,399,389

 

 

 

Consumer Staples

 

129,626,808

 

—

 

—

 

129,626,808

 

 

 

Energy

 

70,691,750

 

—

 

—

 

70,691,750

 

 

 

Financials

 

241,228,434

 

—

 

—

 

241,228,434

 

 

 

Health Care

 

207,162,923

 

18,172,643

 

—

 

225,335,566

 

 

 

Industrials

 

140,768,109

 

18,868,931

 

—

 

159,637,040

 

 

 

Information Technology

 

460,049,952

 

—

 

—

 

460,049,952

 

 

 

Materials

 

38,761,070

 

—

 

—

 

38,761,070

 

 

 

Real Estate

 

45,897,618

 

—

 

—

 

45,897,618

 

 

 

Utilities

 

63,125,793

 

—

 

—

 

63,125,793

 

 

________________________________________________________________________________________________________

 

Total Common Stocks

$

1,803,281,940

$

37,041,574*

$

—

$

1,840,323,514

 

 

________________________________________________________________________________________________________

 

Short-Term Investments

$

—

$

37,728,910

$

—

$

37,728,910

 

 

________________________________________________________________________________________________________

 

Total Investments

$

1,803,281,940

$

74,770,484

$

—

$

1,878,052,424

 

 

________________________________________________________________________________________________________

 

 

 

Liability Description

 

 

 

 

 

 

 

 

 

________________________________________________________________________________________________________

 

Written Call Options

$

(3,878,485)

$

—

$

—

$

(3,878,485)

 

 

________________________________________________________________________________________________________

 

Total

$

(3,878,485)

$

—

$

—

$

(3,878,485)

 

 

________________________________________________________________________________________________________

 

*

Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

 
                                               

 

 

1:03:36 PM

 

 

 

 

For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements included in its semiannual or annual report to shareholders.