- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
26 September 2009 - 6:47AM
Edgar (US Regulatory)
UNITED STATES SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
Form N-Q
QUARTERLY SCHEDULE OF
PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT
COMPANIES
811-21832
Investment Company Act File Number
Eaton Vance Tax-Managed
Diversified Equity Income Fund
(Exact Name of Registrant as Specified in Charter)
Two International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrants Telephone Number, Including Area Code)
October 31
Date of Fiscal Year End
July 31, 2009
Date of Reporting Period
TABLE OF CONTENTS
Item 1.
Schedule of Investments
|
|
Eaton
Vance Tax-Managed Diversified Equity Income Fund
|
as of
July 31, 2009
|
PORTFOLIO
OF INVESTMENTS (Unaudited)
Common
Stocks 101.8%
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Aerospace & Defense 2.1%
|
|
|
|
|
|
|
|
|
General Dynamics Corp.
|
|
|
446,321
|
|
|
$
|
24,721,720
|
|
Lockheed Martin Corp.
|
|
|
214,540
|
|
|
|
16,039,011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
40,760,731
|
|
|
|
|
|
|
|
|
|
|
Air Freight & Logistics 0.5%
|
|
|
|
|
|
|
|
|
FedEx Corp.
|
|
|
134,193
|
|
|
$
|
9,103,653
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,103,653
|
|
|
|
|
|
|
|
|
|
|
Beverages 2.0%
|
|
|
|
|
|
|
|
|
Diageo PLC
|
|
|
583,624
|
|
|
$
|
9,097,953
|
|
PepsiCo, Inc.
|
|
|
515,673
|
|
|
|
29,264,443
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
38,362,396
|
|
|
|
|
|
|
|
|
|
|
Biotechnology 3.1%
|
|
|
|
|
|
|
|
|
Amgen,
Inc.
(1)
|
|
|
236,712
|
|
|
$
|
14,749,525
|
|
Biogen Idec,
Inc.
(1)
|
|
|
211,998
|
|
|
|
10,080,505
|
|
Celgene
Corp.
(1)
|
|
|
115,895
|
|
|
|
6,601,379
|
|
Genzyme
Corp.
(1)
|
|
|
331,555
|
|
|
|
17,204,389
|
|
Gilead Sciences,
Inc.
(1)
|
|
|
204,805
|
|
|
|
10,021,108
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
58,656,906
|
|
|
|
|
|
|
|
|
|
|
Capital Markets 5.1%
|
|
|
|
|
|
|
|
|
Credit Suisse Group AG
|
|
|
230,756
|
|
|
$
|
10,904,568
|
|
Deutsche Bank AG
|
|
|
149,855
|
|
|
|
9,684,726
|
|
Goldman Sachs Group, Inc.
|
|
|
193,363
|
|
|
|
31,576,178
|
|
Invesco, Ltd.
|
|
|
508,607
|
|
|
|
10,044,988
|
|
Northern Trust Corp.
|
|
|
228,177
|
|
|
|
13,647,266
|
|
State Street Corp.
|
|
|
301,317
|
|
|
|
15,156,245
|
|
UBS AG
(1)
|
|
|
387,510
|
|
|
|
5,672,974
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
96,686,945
|
|
|
|
|
|
|
|
|
|
|
Commercial Banks 4.5%
|
|
|
|
|
|
|
|
|
Banco Bilbao Vizcaya Argentaria SA
|
|
|
490,046
|
|
|
$
|
8,022,983
|
|
Banco Santander Central Hispano SA
|
|
|
874,193
|
|
|
|
12,659,225
|
|
Barclays PLC
|
|
|
815,415
|
|
|
|
4,144,720
|
|
BNP Paribas SA
|
|
|
97,742
|
|
|
|
7,097,179
|
|
HSBC Holdings PLC
|
|
|
1,665,135
|
|
|
|
16,849,222
|
|
Intesa Sanpaolo
SpA
(1)
|
|
|
1,125,069
|
|
|
|
4,183,464
|
|
PNC Financial Services Group, Inc.
|
|
|
211,694
|
|
|
|
7,760,702
|
|
U.S. Bancorp
|
|
|
398,333
|
|
|
|
8,129,976
|
|
Wells Fargo & Co.
|
|
|
668,037
|
|
|
|
16,340,185
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
85,187,656
|
|
|
|
|
|
|
|
|
|
|
Commercial Services & Supplies 0.7%
|
|
|
|
|
|
|
|
|
Waste Management, Inc.
|
|
|
498,002
|
|
|
$
|
13,998,836
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
13,998,836
|
|
|
|
|
|
|
|
|
|
|
Communications Equipment 2.2%
|
|
|
|
|
|
|
|
|
Nokia Oyj ADR
|
|
|
300,000
|
|
|
$
|
4,002,000
|
|
QUALCOMM, Inc.
|
|
|
734,207
|
|
|
|
33,927,706
|
|
Telefonaktiebolaget LM Ericsson, Class B
|
|
|
396,705
|
|
|
|
3,905,614
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
41,835,320
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Computers & Peripherals 6.7%
|
|
|
|
|
|
|
|
|
Apple,
Inc.
(1)
|
|
|
257,647
|
|
|
$
|
42,096,943
|
|
Hewlett-Packard Co.
|
|
|
959,803
|
|
|
|
41,559,470
|
|
International Business Machines Corp.
|
|
|
376,777
|
|
|
|
44,433,312
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
128,089,725
|
|
|
|
|
|
|
|
|
|
|
Consumer Finance 0.3%
|
|
|
|
|
|
|
|
|
Discover Financial Services
|
|
|
425,464
|
|
|
$
|
5,054,512
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
5,054,512
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services 2.9%
|
|
|
|
|
|
|
|
|
Bank of America Corp.
|
|
|
1,183,921
|
|
|
$
|
17,510,192
|
|
JPMorgan Chase & Co.
|
|
|
997,650
|
|
|
|
38,559,172
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
56,069,364
|
|
|
|
|
|
|
|
|
|
|
Diversified Telecommunication
Services 2.5%
|
|
|
|
|
|
|
|
|
AT&T, Inc.
|
|
|
821,020
|
|
|
$
|
21,535,355
|
|
BCE, Inc.
|
|
|
500,000
|
|
|
|
11,520,000
|
|
Verizon Communications, Inc.
|
|
|
485,615
|
|
|
|
15,573,673
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
48,629,028
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities 2.5%
|
|
|
|
|
|
|
|
|
American Electric Power Co., Inc.
|
|
|
392,701
|
|
|
$
|
12,158,023
|
|
E.ON AG
|
|
|
564,258
|
|
|
|
21,319,724
|
|
FirstEnergy Corp.
|
|
|
235,932
|
|
|
|
9,720,399
|
|
Iberdrola SA
|
|
|
538,537
|
|
|
|
4,617,293
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
47,815,439
|
|
|
|
|
|
|
|
|
|
|
Electrical Equipment 1.4%
|
|
|
|
|
|
|
|
|
ABB, Ltd.
|
|
|
279,564
|
|
|
$
|
5,109,958
|
|
Emerson Electric Co.
|
|
|
609,703
|
|
|
|
22,180,995
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
27,290,953
|
|
|
|
|
|
|
|
|
|
|
Energy Equipment & Services 1.0%
|
|
|
|
|
|
|
|
|
Diamond Offshore Drilling, Inc.
|
|
|
205,096
|
|
|
$
|
18,431,978
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
18,431,978
|
|
|
|
|
|
|
|
|
|
|
Food & Staples Retailing 3.0%
|
|
|
|
|
|
|
|
|
Carrefour SA
|
|
|
129,657
|
|
|
$
|
6,079,511
|
|
CVS Caremark Corp.
|
|
|
624,937
|
|
|
|
20,922,891
|
|
Tesco PLC
|
|
|
1,025,388
|
|
|
|
6,280,897
|
|
Wal-Mart Stores, Inc.
|
|
|
491,145
|
|
|
|
24,498,313
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
57,781,612
|
|
|
|
|
|
|
|
|
|
|
Food Products 3.3%
|
|
|
|
|
|
|
|
|
Nestle SA
|
|
|
861,427
|
|
|
$
|
35,399,857
|
|
Nestle SA ADR
|
|
|
319,837
|
|
|
|
13,138,904
|
|
Unilever NV
|
|
|
566,760
|
|
|
|
15,446,475
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
63,985,236
|
|
|
|
|
|
|
|
|
|
|
Health Care Equipment &
Supplies 2.1%
|
|
|
|
|
|
|
|
|
Baxter International, Inc.
|
|
|
218,713
|
|
|
$
|
12,328,852
|
|
Boston Scientific
Corp.
(1)
|
|
|
1,331,827
|
|
|
|
14,303,822
|
|
Covidien, Ltd.
|
|
|
330,776
|
|
|
|
12,506,640
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
39,139,314
|
|
|
|
|
|
|
|
|
|
|
Health Care Providers &
Services 1.9%
|
|
|
|
|
|
|
|
|
Aetna, Inc.
|
|
|
467,124
|
|
|
$
|
12,598,334
|
|
Fresenius Medical Care AG & Co. KGaA ADR
|
|
|
238,809
|
|
|
|
10,958,945
|
|
UnitedHealth Group, Inc.
|
|
|
471,507
|
|
|
|
13,230,487
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
36,787,766
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Hotels, Restaurants & Leisure 1.1%
|
|
|
|
|
|
|
|
|
McDonalds Corp.
|
|
|
394,621
|
|
|
$
|
21,727,832
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
21,727,832
|
|
|
|
|
|
|
|
|
|
|
Household Products 2.2%
|
|
|
|
|
|
|
|
|
Colgate-Palmolive Co.
|
|
|
291,647
|
|
|
$
|
21,126,909
|
|
Procter & Gamble Co.
|
|
|
283,641
|
|
|
|
15,744,912
|
|
Reckitt Benckiser Group PLC
|
|
|
101,018
|
|
|
|
4,853,165
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
41,724,986
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates 2.1%
|
|
|
|
|
|
|
|
|
General Electric Co.
|
|
|
1,862,318
|
|
|
$
|
24,955,061
|
|
Philips Electronics NV
|
|
|
183,878
|
|
|
|
4,185,953
|
|
Siemens AG
|
|
|
145,329
|
|
|
|
11,581,583
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
40,722,597
|
|
|
|
|
|
|
|
|
|
|
Insurance 2.4%
|
|
|
|
|
|
|
|
|
Allianz SE
|
|
|
37,440
|
|
|
$
|
3,696,604
|
|
MetLife, Inc.
|
|
|
309,770
|
|
|
|
10,516,692
|
|
Prudential Financial, Inc.
|
|
|
363,445
|
|
|
|
16,089,710
|
|
Prudential PLC
|
|
|
734,221
|
|
|
|
5,498,409
|
|
Zurich Financial Services AG
|
|
|
54,031
|
|
|
|
10,610,497
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
46,411,912
|
|
|
|
|
|
|
|
|
|
|
Internet & Catalog Retail 0.9%
|
|
|
|
|
|
|
|
|
Amazon.com,
Inc.
(1)
|
|
|
195,278
|
|
|
$
|
16,747,041
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
16,747,041
|
|
|
|
|
|
|
|
|
|
|
Internet Software & Services 1.5%
|
|
|
|
|
|
|
|
|
Google, Inc.,
Class A
(1)
|
|
|
65,599
|
|
|
$
|
29,063,637
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
29,063,637
|
|
|
|
|
|
|
|
|
|
|
IT Services 2.0%
|
|
|
|
|
|
|
|
|
Accenture, Ltd., Class A
|
|
|
248,425
|
|
|
$
|
8,712,265
|
|
MasterCard, Inc., Class A
|
|
|
97,580
|
|
|
|
18,933,447
|
|
Western Union Co.
|
|
|
618,783
|
|
|
|
10,816,327
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
38,462,039
|
|
|
|
|
|
|
|
|
|
|
Machinery 1.5%
|
|
|
|
|
|
|
|
|
Danaher Corp.
|
|
|
323,637
|
|
|
$
|
19,819,530
|
|
Illinois Tool Works, Inc.
|
|
|
230,795
|
|
|
|
9,358,737
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
29,178,267
|
|
|
|
|
|
|
|
|
|
|
Media 1.4%
|
|
|
|
|
|
|
|
|
Comcast Corp., Class A
|
|
|
1,399,194
|
|
|
$
|
20,792,023
|
|
Vivendi SA
|
|
|
238,195
|
|
|
|
6,105,796
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
26,897,819
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 4.9%
|
|
|
|
|
|
|
|
|
Anglo American PLC
|
|
|
177,796
|
|
|
$
|
5,733,973
|
|
ArcelorMittal
|
|
|
83,309
|
|
|
|
3,002,386
|
|
BHP Billiton, Ltd. ADR
|
|
|
496,804
|
|
|
|
31,278,780
|
|
Freeport-McMoRan Copper & Gold, Inc.
|
|
|
227,789
|
|
|
|
13,735,677
|
|
Goldcorp, Inc.
|
|
|
927,035
|
|
|
|
34,939,949
|
|
United States Steel Corp.
|
|
|
109,605
|
|
|
|
4,356,799
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
93,047,564
|
|
|
|
|
|
|
|
|
|
|
Multi-Utilities 1.3%
|
|
|
|
|
|
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
597,835
|
|
|
$
|
19,399,746
|
|
RWE AG
|
|
|
64,864
|
|
|
|
5,472,188
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
24,871,934
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Multiline Retail 0.4%
|
|
|
|
|
|
|
|
|
Target Corp.
|
|
|
157,657
|
|
|
$
|
6,876,998
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
6,876,998
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 11.4%
|
|
|
|
|
|
|
|
|
Anadarko Petroleum Corp.
|
|
|
490,457
|
|
|
$
|
23,640,027
|
|
BP PLC
|
|
|
2,475,861
|
|
|
|
20,531,522
|
|
Chevron Corp.
|
|
|
243,776
|
|
|
|
16,935,119
|
|
ENI SpA
|
|
|
584,484
|
|
|
|
13,657,490
|
|
Exxon Mobil Corp.
|
|
|
814,689
|
|
|
|
57,345,959
|
|
Hess Corp.
|
|
|
355,292
|
|
|
|
19,612,118
|
|
Occidental Petroleum Corp.
|
|
|
285,634
|
|
|
|
20,377,130
|
|
Royal Dutch Shell PLC, Class B
|
|
|
369,674
|
|
|
|
9,585,851
|
|
Total SA
|
|
|
460,313
|
|
|
|
25,529,268
|
|
XTO Energy, Inc.
|
|
|
291,883
|
|
|
|
11,742,453
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
218,956,937
|
|
|
|
|
|
|
|
|
|
|
Personal Products 0.5%
|
|
|
|
|
|
|
|
|
Avon Products, Inc.
|
|
|
280,011
|
|
|
$
|
9,066,756
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,066,756
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals 6.9%
|
|
|
|
|
|
|
|
|
Abbott Laboratories
|
|
|
318,614
|
|
|
$
|
14,334,444
|
|
AstraZeneca PLC
|
|
|
138,225
|
|
|
|
6,438,267
|
|
Bristol-Myers Squibb Co.
|
|
|
483,093
|
|
|
|
10,502,442
|
|
GlaxoSmithKline PLC
|
|
|
605,494
|
|
|
|
11,600,985
|
|
Johnson & Johnson
|
|
|
491,604
|
|
|
|
29,933,767
|
|
Merck & Co., Inc.
|
|
|
670,235
|
|
|
|
20,113,752
|
|
Novartis AG
|
|
|
206,853
|
|
|
|
9,451,007
|
|
Pfizer, Inc.
|
|
|
594,539
|
|
|
|
9,471,006
|
|
Sanofi-Aventis SA
|
|
|
179,473
|
|
|
|
11,742,422
|
|
Teva Pharmaceutical Industries, Ltd. ADR
|
|
|
163,785
|
|
|
|
8,736,292
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
132,324,384
|
|
|
|
|
|
|
|
|
|
|
Real Estate Investment Trusts
(REITs) 0.5%
|
|
|
|
|
|
|
|
|
AvalonBay Communities, Inc.
|
|
|
77,824
|
|
|
$
|
4,529,357
|
|
Boston Properties, Inc.
|
|
|
98,875
|
|
|
|
5,230,487
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,759,844
|
|
|
|
|
|
|
|
|
|
|
Road & Rail 0.5%
|
|
|
|
|
|
|
|
|
CSX Corp.
|
|
|
240,888
|
|
|
$
|
9,664,427
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,664,427
|
|
|
|
|
|
|
|
|
|
|
Semiconductors & Semiconductor
Equipment 2.2%
|
|
|
|
|
|
|
|
|
Applied Materials, Inc.
|
|
|
641,373
|
|
|
$
|
8,850,947
|
|
ASML Holding NV
|
|
|
581,662
|
|
|
|
15,129,029
|
|
Broadcom Corp.,
Class A
(1)
|
|
|
177,610
|
|
|
|
5,013,930
|
|
NVIDIA
Corp.
(1)
|
|
|
521,332
|
|
|
|
6,740,823
|
|
Taiwan Semiconductor Manufacturing Co., Ltd. ADR
|
|
|
671,965
|
|
|
|
7,035,478
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
42,770,207
|
|
|
|
|
|
|
|
|
|
|
Software 3.2%
|
|
|
|
|
|
|
|
|
Microsoft Corp.
|
|
|
1,661,866
|
|
|
$
|
39,087,088
|
|
Oracle Corp.
|
|
|
784,442
|
|
|
|
17,359,702
|
|
SAP AG
|
|
|
92,919
|
|
|
|
4,376,216
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
60,823,006
|
|
|
|
|
|
|
|
|
|
|
Specialty Retail 3.9%
|
|
|
|
|
|
|
|
|
Best Buy Co., Inc.
|
|
|
536,445
|
|
|
$
|
20,046,950
|
|
Gap, Inc. (The)
|
|
|
421,212
|
|
|
|
6,874,180
|
|
Hennes & Mauritz AB
|
|
|
118,500
|
|
|
|
7,062,053
|
|
4
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Home Depot, Inc.
|
|
|
528,838
|
|
|
$
|
13,718,058
|
|
Staples, Inc.
|
|
|
885,038
|
|
|
|
18,603,499
|
|
TJX Companies, Inc. (The)
|
|
|
206,324
|
|
|
|
7,475,118
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
73,779,858
|
|
|
|
|
|
|
|
|
|
|
Textiles, Apparel & Luxury
Goods 1.2%
|
|
|
|
|
|
|
|
|
LVMH Moet Hennessy Louis Vuitton SA
|
|
|
47,107
|
|
|
$
|
4,250,117
|
|
NIKE, Inc., Class B
|
|
|
324,860
|
|
|
|
18,400,070
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
22,650,187
|
|
|
|
|
|
|
|
|
|
|
Tobacco 1.5%
|
|
|
|
|
|
|
|
|
Philip Morris International, Inc.
|
|
|
617,449
|
|
|
$
|
28,773,123
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
28,773,123
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 0.5%
|
|
|
|
|
|
|
|
|
Vodafone Group PLC
|
|
|
4,476,148
|
|
|
$
|
9,202,939
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,202,939
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $2,120,419,574)
|
|
|
|
|
|
$
|
1,947,171,664
|
|
|
|
|
|
|
|
|
|
|
Short-Term
Investments 1.4%
|
|
|
|
|
|
|
|
|
|
|
Interest
|
|
|
|
|
Description
|
|
(000s omitted)
|
|
|
Value
|
|
Cash Management Portfolio,
0.00%
(2)
|
|
$
|
26,833
|
|
|
$
|
26,832,941
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $26,832,941)
|
|
|
|
|
|
$
|
26,832,941
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 103.2%
(identified cost $2,147,252,515)
|
|
|
|
|
|
$
|
1,974,004,605
|
|
|
|
|
|
|
|
|
|
|
Covered
Call Options Written (3.4)%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number
|
|
|
Strike
|
|
|
Expiration
|
|
|
|
|
Security
|
|
of Contracts
|
|
|
Price
|
|
|
Date
|
|
|
Value
|
|
S&P 500 Index
|
|
|
2,475
|
|
|
$
|
905
|
|
|
|
8/22/09
|
|
|
$
|
(20,493,000
|
)
|
S&P 500 Index
|
|
|
1,301
|
|
|
|
925
|
|
|
|
8/22/09
|
|
|
|
(8,211,912
|
)
|
S&P 500 Index
|
|
|
3,549
|
|
|
|
930
|
|
|
|
8/22/09
|
|
|
|
(22,003,800
|
)
|
S&P 500 Index
|
|
|
2,350
|
|
|
|
935
|
|
|
|
8/22/09
|
|
|
|
(13,167,050
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Covered Call Options Written
(premiums received $24,263,286)
|
|
$
|
(63,875,762
|
)
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less Liabilities 0.2%
|
|
$
|
3,204,781
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets 100.0%
|
|
$
|
1,913,333,624
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The percentage shown for each investment category in the
Portfolio of Investments is based on net assets.
|
|
|
|
|
|
ADR
|
|
-
|
|
American Depository Receipt
|
|
|
|
|
|
(1)
|
|
|
|
Non-income producing security.
|
|
|
|
|
|
(2)
|
|
|
|
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 July 31, 2009. Net income allocated from the
investment in Cash Management Portfolio for the fiscal year to
date ended July 31, 2009 was $205,469.
|
5
Country
Concentration of Portfolio
|
|
|
|
|
|
|
|
|
|
|
Percentage
|
|
|
|
|
Country
|
|
of Net Assets
|
|
|
Value
|
|
United States
|
|
|
74.5
|
%
|
|
$
|
1,425,356,301
|
|
United Kingdom
|
|
|
5.7
|
|
|
|
109,817,903
|
|
Switzerland
|
|
|
4.7
|
|
|
|
90,287,765
|
|
Germany
|
|
|
3.5
|
|
|
|
67,089,986
|
|
France
|
|
|
3.2
|
|
|
|
60,804,293
|
|
Canada
|
|
|
2.4
|
|
|
|
46,459,949
|
|
Netherlands
|
|
|
1.8
|
|
|
|
34,761,457
|
|
Australia
|
|
|
1.6
|
|
|
|
31,278,780
|
|
Spain
|
|
|
1.3
|
|
|
|
25,299,501
|
|
Bermuda
|
|
|
1.0
|
|
|
|
18,757,253
|
|
Italy
|
|
|
0.9
|
|
|
|
17,840,954
|
|
Ireland
|
|
|
0.7
|
|
|
|
12,506,640
|
|
Sweden
|
|
|
0.6
|
|
|
|
10,967,667
|
|
Israel
|
|
|
0.5
|
|
|
|
8,736,292
|
|
Taiwan
|
|
|
0.4
|
|
|
|
7,035,478
|
|
Finland
|
|
|
0.2
|
|
|
|
4,002,000
|
|
Luxembourg
|
|
|
0.2
|
|
|
|
3,002,386
|
|
|
|
|
|
|
|
|
|
|
Total Investments
|
|
|
103.2
|
%
|
|
$
|
1,974,004,605
|
|
|
|
|
|
|
|
|
|
|
The cost and unrealized appreciation (depreciation) of
investments of the Fund at July 31, 2009, as determined on
a federal income tax basis, were as follows:
|
|
|
|
|
Aggregate cost
|
|
$
|
2,147,331,583
|
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
125,279,975
|
|
Gross unrealized depreciation
|
|
|
(298,606,953
|
)
|
|
|
|
|
|
Net unrealized depreciation
|
|
$
|
(173,326,978
|
)
|
|
|
|
|
|
Written call options activity for the fiscal year to date ended
July 31, 2009 was as follows:
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
Premiums
|
|
|
|
Contracts
|
|
|
Received
|
|
Outstanding, beginning of period
|
|
|
14,680
|
|
|
$
|
70,390,742
|
|
Options written
|
|
|
98,519
|
|
|
|
342,864,005
|
|
Options terminated in closing purchase transactions
|
|
|
(93,634
|
)
|
|
|
(374,132,137
|
)
|
Options expired
|
|
|
(9,890
|
)
|
|
|
(14,859,324
|
)
|
|
|
|
|
|
|
|
|
|
Outstanding, end of period
|
|
|
9,675
|
|
|
$
|
24,263,286
|
|
|
|
|
|
|
|
|
|
|
All of the assets of the Fund are subject to segregation to
satisfy the requirements of the escrow agent. At July 31,
2009, the Fund had sufficient cash
and/or
securities to cover commitments under these contracts.
The Fund is subject to equity price risk in the normal course of
pursuing its investment objective. The Fund generally intends to
write index call options above the current value of an 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 price of the underlying
index decline.
At July 31, 2009, the aggregate fair value of derivative
instruments (not accounted for as hedging instruments under
Financial Accounting Standards Board (FASB) Statement of
Financial Accounting Standards No. 133) in a liability
position and whose primary underlying risk exposure is equity
price risk was $63,875,762.
6
The Fund adopted FASB Statement of Financial Accounting
Standards No. 157 (FAS 157), Fair Value
Measurements, effective November 1, 2008.
FAS 157 established a three-tier hierarchy to prioritize
the assumptions, referred to as inputs, 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 funds own assumptions in determining the fair
value of investments)
|
The inputs or methodology used for valuing securities are not
necessarily an indication of the risk associated with investing
in those securities.
At July 31, 2009, the inputs used in valuing the
Funds investments, which are carried at value, were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quoted Prices in
|
|
|
|
|
|
|
|
|
|
|
|
|
Active Markets for
|
|
|
Significant Other
|
|
|
Significant
|
|
|
|
|
|
|
Identical Assets
|
|
|
Observable Inputs
|
|
|
Unobservable Inputs
|
|
|
|
|
|
|
|
|
Asset Description
|
|
(Level 1)
|
|
|
(Level 2)
|
|
|
(Level 3)
|
|
|
Total
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary
|
|
$
|
151,261,769
|
|
|
$
|
17,417,966
|
|
|
$
|
|
|
|
$
|
168,679,735
|
|
Consumer Staples
|
|
|
162,536,251
|
|
|
|
77,157,858
|
|
|
|
|
|
|
|
239,694,109
|
|
Energy
|
|
|
168,084,784
|
|
|
|
69,304,131
|
|
|
|
|
|
|
|
237,388,915
|
|
Financials
|
|
|
200,145,662
|
|
|
|
99,024,571
|
|
|
|
|
|
|
|
299,170,233
|
|
Health Care
|
|
|
227,675,689
|
|
|
|
39,232,681
|
|
|
|
|
|
|
|
266,908,370
|
|
Industrials
|
|
|
149,841,970
|
|
|
|
20,877,494
|
|
|
|
|
|
|
|
170,719,464
|
|
Information Technology
|
|
|
332,762,104
|
|
|
|
8,281,830
|
|
|
|
|
|
|
|
341,043,934
|
|
Materials
|
|
|
84,311,205
|
|
|
|
8,736,359
|
|
|
|
|
|
|
|
93,047,564
|
|
Telecommunication Services
|
|
|
48,629,028
|
|
|
|
9,202,939
|
|
|
|
|
|
|
|
57,831,967
|
|
Utilities
|
|
|
41,278,168
|
|
|
|
31,409,205
|
|
|
|
|
|
|
|
72,687,373
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
|
|
$
|
1,566,526,630
|
|
|
$
|
380,645,034
|
*
|
|
$
|
|
|
|
$
|
1,947,171,664
|
|
Short-Term Investments
|
|
|
26,832,941
|
|
|
|
|
|
|
|
|
|
|
|
26,832,941
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments
|
|
$
|
1,593,359,571
|
|
|
$
|
380,645,034
|
|
|
$
|
|
|
|
$
|
1,974,004,605
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liability Description
|
|
|
|
|
|
|
|
|
|
|
|
|
Covered Call Options Written
|
|
$
|
(63,875,762
|
)
|
|
$
|
|
|
|
$
|
|
|
|
$
|
(63,875,762
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
(63,875,762
|
)
|
|
$
|
|
|
|
$
|
|
|
|
$
|
(63,875,762
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
Includes foreign equity securities whose values were adjusted to
reflect market trading that occurred after the close of trading
in their applicable foreign markets.
|
The Fund held no investments or other financial instruments as
of October 31, 2008 whose fair value was determined using
Level 3 inputs.
For information on the Funds policy regarding valuation of
investments and other significant accounting policies, please
refer to the Funds most recent financial statements
included in its semiannual or annual report to shareholders.
7
Item 2.
Controls and Procedures
(a) It is the conclusion of the registrants principal
executive officer and principal financial officer that the
effectiveness of the registrants current disclosure
controls and procedures (such disclosure controls and procedures
having been evaluated within 90 days of the date of this
filing) provide reasonable assurance that the information
required to be disclosed by the registrant on this
Form N-Q
has been recorded, processed, summarized and reported within the
time period specified in the Commissions rules and forms
and that the information required to be disclosed by the
registrant on this
Form N-Q
has been accumulated and communicated to the registrants
principal executive officer and principal financial officer in
order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrants
internal controls over financial reporting during the fiscal
quarter for which the report is being filed that have materially
affected, or are reasonably likely to materially affect the
registrants internal control over financial reporting.
Signatures
Pursuant to the requirements of the Securities Exchange Act of
1934 and the Investment Company Act of 1940, the registrant has
duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Eaton Vance Tax-Managed Diversified Equity Income Fund
|
|
|
|
|
By:
|
|
/s/ Duncan W. Richardson
|
|
|
|
|
|
|
|
|
|
Duncan W. Richardson
|
|
|
|
|
President
|
|
|
|
|
|
|
|
Date:
|
|
September 25, 2009
|
|
|
Pursuant to the requirements of the Securities Exchange Act of
1934 and the Investment Company Act of 1940, this report has
been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
|
|
|
|
|
By:
|
|
/s/ Duncan W. Richardson
|
|
|
|
|
|
|
|
|
|
Duncan W. Richardson
|
|
|
|
|
President
|
|
|
|
|
|
|
|
Date:
|
|
September 25, 2009
|
|
|
|
|
|
|
|
By:
|
|
/s/ Barbara E. Campbell
|
|
|
|
|
|
|
|
|
|
Barbara E. Campbell
|
|
|
|
|
Treasurer
|
|
|
|
|
|
|
|
Date:
|
|
September 25, 2009
|
|
|
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