- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
30 March 2012 - 5:18AM
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
January 31, 2012
Date of Reporting Period
Item 1. Schedule of Investments
Eaton
Vance
Tax-Managed Diversified Equity Income Fund
January 31, 2012
PORTFOLIO
OF INVESTMENTS (Unaudited)
Common
Stocks 95.8%
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Aerospace & Defense 1.1%
|
|
|
|
|
|
|
|
|
Boeing Co. (The)
|
|
|
253,623
|
|
|
$
|
18,813,754
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
18,813,754
|
|
|
|
|
|
|
|
|
|
|
Automobiles 0.3%
|
|
|
|
|
|
|
|
|
Bayerische Motoren Werke AG
|
|
|
64,364
|
|
|
$
|
5,523,310
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
5,523,310
|
|
|
|
|
|
|
|
|
|
|
Beverages 3.3%
|
|
|
|
|
|
|
|
|
Anheuser-Busch InBev NV
|
|
|
106,915
|
|
|
$
|
6,500,548
|
|
Beam, Inc.
|
|
|
123,546
|
|
|
|
6,462,691
|
|
Coca-Cola
Co. (The)
|
|
|
552,117
|
|
|
|
37,284,461
|
|
Diageo PLC
|
|
|
222,800
|
|
|
|
4,931,439
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
55,179,139
|
|
|
|
|
|
|
|
|
|
|
Biotechnology 1.1%
|
|
|
|
|
|
|
|
|
Celgene
Corp.
(1)
|
|
|
248,863
|
|
|
$
|
18,092,340
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
18,092,340
|
|
|
|
|
|
|
|
|
|
|
Capital Markets 0.9%
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
47,128
|
|
|
$
|
2,008,051
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
93,418
|
|
|
|
10,413,304
|
|
UBS AG
(1)
|
|
|
186,902
|
|
|
|
2,549,942
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
14,971,297
|
|
|
|
|
|
|
|
|
|
|
Chemicals 2.2%
|
|
|
|
|
|
|
|
|
Air Liquide SA
|
|
|
27,971
|
|
|
$
|
3,530,063
|
|
BASF SE
|
|
|
97,600
|
|
|
|
7,528,793
|
|
Monsanto Co.
|
|
|
324,189
|
|
|
|
26,599,707
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
37,658,563
|
|
|
|
|
|
|
|
|
|
|
Commercial Banks 5.3%
|
|
|
|
|
|
|
|
|
Banco Bilbao Vizcaya Argentaria SA
|
|
|
477,882
|
|
|
$
|
4,193,028
|
|
Banco Santander SA
|
|
|
634,421
|
|
|
|
4,954,124
|
|
Bank of Nova Scotia (The)
|
|
|
207,509
|
|
|
|
10,649,362
|
|
Barclays PLC
|
|
|
1,308,215
|
|
|
|
4,386,521
|
|
BNP Paribas
|
|
|
47,989
|
|
|
|
2,041,179
|
|
HSBC Holdings PLC
|
|
|
729,942
|
|
|
|
6,098,748
|
|
Intesa Sanpaolo SpA
|
|
|
1,728,701
|
|
|
|
3,311,091
|
|
Itau Unibanco Holding SA ADR, PFC Shares
|
|
|
476,155
|
|
|
|
9,504,054
|
|
KeyCorp
|
|
|
1,123,377
|
|
|
|
8,728,639
|
|
PNC Financial Services Group, Inc.
|
|
|
140,973
|
|
|
|
8,306,129
|
|
Royal Bank of Scotland Group
PLC
(1)
|
|
|
4,085,694
|
|
|
|
1,714,226
|
|
Societe Generale
|
|
|
96,538
|
|
|
|
2,580,753
|
|
Wells Fargo & Co.
|
|
|
775,220
|
|
|
|
22,644,176
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
89,112,030
|
|
|
|
|
|
|
|
|
|
|
Communications Equipment 2.9%
|
|
|
|
|
|
|
|
|
QUALCOMM, Inc.
|
|
|
757,920
|
|
|
$
|
44,580,855
|
|
Telefonaktiebolaget LM Ericsson, Class B
|
|
|
377,635
|
|
|
|
3,514,356
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
48,095,211
|
|
|
|
|
|
|
|
|
|
|
Computers & Peripherals 3.4%
|
|
|
|
|
|
|
|
|
Apple,
Inc.
(1)
|
|
|
123,449
|
|
|
$
|
56,352,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
56,352,000
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Construction & Engineering 1.3%
|
|
|
|
|
|
|
|
|
Fluor Corp.
|
|
|
385,631
|
|
|
$
|
21,687,887
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
21,687,887
|
|
|
|
|
|
|
|
|
|
|
Consumer Finance 0.7%
|
|
|
|
|
|
|
|
|
American Express Co.
|
|
|
251,154
|
|
|
$
|
12,592,862
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
12,592,862
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services 3.8%
|
|
|
|
|
|
|
|
|
Citigroup, Inc.
|
|
|
491,743
|
|
|
$
|
15,106,345
|
|
JPMorgan Chase & Co.
|
|
|
763,501
|
|
|
|
28,478,588
|
|
Moodys Corp.
|
|
|
530,262
|
|
|
|
19,741,654
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
63,326,587
|
|
|
|
|
|
|
|
|
|
|
Diversified Telecommunication
Services 4.1%
|
|
|
|
|
|
|
|
|
AT&T, Inc.
|
|
|
1,110,231
|
|
|
$
|
32,651,894
|
|
CenturyLink, Inc.
|
|
|
355,769
|
|
|
|
13,174,126
|
|
Deutsche Telekom AG
|
|
|
369,226
|
|
|
|
4,159,841
|
|
Verizon Communications, Inc.
|
|
|
326,878
|
|
|
|
12,310,226
|
|
Vivendi SA
|
|
|
284,150
|
|
|
|
5,961,302
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
68,257,389
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities 1.6%
|
|
|
|
|
|
|
|
|
American Electric Power Co., Inc.
|
|
|
257,104
|
|
|
$
|
10,171,034
|
|
Enel SpA
|
|
|
573,649
|
|
|
|
2,349,544
|
|
PPL Corp.
|
|
|
277,219
|
|
|
|
7,703,916
|
|
SSE PLC
|
|
|
319,852
|
|
|
|
6,171,204
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
26,395,698
|
|
|
|
|
|
|
|
|
|
|
Electrical Equipment 0.8%
|
|
|
|
|
|
|
|
|
ABB,
Ltd.
(1)
|
|
|
309,717
|
|
|
$
|
6,463,734
|
|
Emerson Electric Co.
|
|
|
136,773
|
|
|
|
7,027,397
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
13,491,131
|
|
|
|
|
|
|
|
|
|
|
Energy Equipment & Services 2.4%
|
|
|
|
|
|
|
|
|
Halliburton Co.
|
|
|
594,027
|
|
|
$
|
21,848,313
|
|
Schlumberger, Ltd.
|
|
|
243,855
|
|
|
|
18,330,580
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
40,178,893
|
|
|
|
|
|
|
|
|
|
|
Food & Staples Retailing 1.7%
|
|
|
|
|
|
|
|
|
Costco Wholesale Corp.
|
|
|
299,656
|
|
|
$
|
24,652,699
|
|
Tesco PLC
|
|
|
629,574
|
|
|
|
3,174,657
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
27,827,356
|
|
|
|
|
|
|
|
|
|
|
Food Products 1.7%
|
|
|
|
|
|
|
|
|
Danone SA
|
|
|
76,992
|
|
|
$
|
4,763,090
|
|
Nestle SA
|
|
|
249,616
|
|
|
|
14,323,973
|
|
Unilever NV
|
|
|
286,140
|
|
|
|
9,535,744
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
28,622,807
|
|
|
|
|
|
|
|
|
|
|
Health Care Equipment &
Supplies 3.5%
|
|
|
|
|
|
|
|
|
Covidien PLC
|
|
|
436,615
|
|
|
$
|
22,485,673
|
|
St. Jude Medical, Inc.
|
|
|
615,829
|
|
|
|
25,686,228
|
|
Varian Medical Systems,
Inc.
(1)
|
|
|
162,327
|
|
|
|
10,692,479
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
58,864,380
|
|
|
|
|
|
|
|
|
|
|
Health Care Providers &
Services 1.9%
|
|
|
|
|
|
|
|
|
AmerisourceBergen Corp.
|
|
|
356,828
|
|
|
$
|
13,905,587
|
|
UnitedHealth Group, Inc.
|
|
|
336,581
|
|
|
|
17,431,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
31,337,117
|
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure 1.8%
|
|
|
|
|
|
|
|
|
McDonalds Corp.
|
|
|
307,816
|
|
|
$
|
30,489,175
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
30,489,175
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Household Products 2.0%
|
|
|
|
|
|
|
|
|
Colgate-Palmolive Co.
|
|
|
142,561
|
|
|
$
|
12,933,134
|
|
Procter & Gamble Co.
|
|
|
314,015
|
|
|
|
19,795,506
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
32,728,640
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates 3.0%
|
|
|
|
|
|
|
|
|
Danaher Corp.
|
|
|
685,952
|
|
|
$
|
36,019,339
|
|
Philips Electronics NV
|
|
|
261,127
|
|
|
|
5,289,064
|
|
Siemens AG
|
|
|
104,342
|
|
|
|
9,853,663
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
51,162,066
|
|
|
|
|
|
|
|
|
|
|
Insurance 2.0%
|
|
|
|
|
|
|
|
|
Aflac, Inc.
|
|
|
208,202
|
|
|
$
|
10,041,583
|
|
AXA SA
|
|
|
356,429
|
|
|
|
5,427,216
|
|
MetLife, Inc.
|
|
|
294,880
|
|
|
|
10,418,110
|
|
Prudential PLC
|
|
|
698,928
|
|
|
|
7,730,852
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
33,617,761
|
|
|
|
|
|
|
|
|
|
|
Internet & Catalog Retail 1.4%
|
|
|
|
|
|
|
|
|
Amazon.com,
Inc.
(1)
|
|
|
121,641
|
|
|
$
|
23,651,876
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
23,651,876
|
|
|
|
|
|
|
|
|
|
|
Internet Software & Services 1.3%
|
|
|
|
|
|
|
|
|
eBay,
Inc.
(1)
|
|
|
243,638
|
|
|
$
|
7,698,961
|
|
Google, Inc.,
Class A
(1)
|
|
|
25,351
|
|
|
|
14,706,368
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
22,405,329
|
|
|
|
|
|
|
|
|
|
|
IT Services 3.0%
|
|
|
|
|
|
|
|
|
Accenture PLC, Class A
|
|
|
239,135
|
|
|
$
|
13,712,001
|
|
International Business Machines Corp.
|
|
|
188,505
|
|
|
|
36,306,063
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
50,018,064
|
|
|
|
|
|
|
|
|
|
|
Machinery 1.1%
|
|
|
|
|
|
|
|
|
Deere & Co.
|
|
|
223,722
|
|
|
$
|
19,273,650
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
19,273,650
|
|
|
|
|
|
|
|
|
|
|
Media 1.8%
|
|
|
|
|
|
|
|
|
Comcast Corp., Class A
|
|
|
823,776
|
|
|
$
|
21,904,204
|
|
Walt Disney Co. (The)
|
|
|
218,143
|
|
|
|
8,485,763
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
30,389,967
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 3.1%
|
|
|
|
|
|
|
|
|
Anglo American PLC
|
|
|
128,438
|
|
|
$
|
5,330,615
|
|
BHP Billiton, Ltd. ADR
|
|
|
88,062
|
|
|
|
6,995,645
|
|
Cliffs Natural Resources, Inc.
|
|
|
169,192
|
|
|
|
12,224,122
|
|
Freeport-McMoRan Copper & Gold, Inc.
|
|
|
214,523
|
|
|
|
9,913,108
|
|
Goldcorp, Inc.
|
|
|
349,197
|
|
|
|
16,897,643
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
51,361,133
|
|
|
|
|
|
|
|
|
|
|
Multi-Utilities 1.0%
|
|
|
|
|
|
|
|
|
National Grid PLC
|
|
|
403,800
|
|
|
$
|
4,020,946
|
|
Public Service Enterprise Group, Inc.
|
|
|
197,215
|
|
|
|
5,983,503
|
|
Sempra Energy
|
|
|
119,017
|
|
|
|
6,772,067
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
16,776,516
|
|
|
|
|
|
|
|
|
|
|
Multiline Retail 0.8%
|
|
|
|
|
|
|
|
|
Macys, Inc.
|
|
|
378,647
|
|
|
$
|
12,756,617
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
12,756,617
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 9.8%
|
|
|
|
|
|
|
|
|
Anadarko Petroleum Corp.
|
|
|
149,499
|
|
|
$
|
12,067,559
|
|
Apache Corp.
|
|
|
150,217
|
|
|
|
14,853,457
|
|
BG Group PLC
|
|
|
241,074
|
|
|
|
5,432,021
|
|
BP PLC
|
|
|
1,332,877
|
|
|
|
10,026,688
|
|
ConocoPhillips
|
|
|
358,500
|
|
|
|
24,453,285
|
|
3
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Exxon Mobil Corp.
|
|
|
563,101
|
|
|
$
|
47,154,078
|
|
Occidental Petroleum Corp.
|
|
|
133,829
|
|
|
|
13,352,119
|
|
Royal Dutch Shell PLC, Class B
|
|
|
494,662
|
|
|
|
18,078,460
|
|
Statoil ASA
|
|
|
380,385
|
|
|
|
9,577,026
|
|
Total SA
|
|
|
170,001
|
|
|
|
9,010,348
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
164,005,041
|
|
|
|
|
|
|
|
|
|
|
Personal Products 1.2%
|
|
|
|
|
|
|
|
|
Estee Lauder Cos., Inc. (The), Class A
|
|
|
346,370
|
|
|
$
|
20,065,214
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
20,065,214
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals 6.9%
|
|
|
|
|
|
|
|
|
Allergan, Inc.
|
|
|
144,827
|
|
|
$
|
12,731,742
|
|
AstraZeneca PLC
|
|
|
85,139
|
|
|
|
4,100,547
|
|
Bayer AG
|
|
|
138,165
|
|
|
|
9,705,647
|
|
GlaxoSmithKline PLC
|
|
|
364,935
|
|
|
|
8,117,536
|
|
Johnson & Johnson
|
|
|
358,401
|
|
|
|
23,622,210
|
|
Novartis AG
|
|
|
225,108
|
|
|
|
12,217,364
|
|
Novo Nordisk A/S, Class B
|
|
|
58,342
|
|
|
|
6,932,691
|
|
Pfizer, Inc.
|
|
|
1,322,306
|
|
|
|
28,297,348
|
|
Sanofi SA
|
|
|
141,378
|
|
|
|
10,482,168
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
116,207,253
|
|
|
|
|
|
|
|
|
|
|
Real Estate Investment Trusts
(REITs) 1.0%
|
|
|
|
|
|
|
|
|
AvalonBay Communities, Inc.
|
|
|
54,184
|
|
|
$
|
7,369,566
|
|
Boston Properties, Inc.
|
|
|
94,121
|
|
|
|
9,793,290
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
17,162,856
|
|
|
|
|
|
|
|
|
|
|
Road & Rail 1.1%
|
|
|
|
|
|
|
|
|
Union Pacific Corp.
|
|
|
165,349
|
|
|
$
|
18,901,044
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
18,901,044
|
|
|
|
|
|
|
|
|
|
|
Software 3.0%
|
|
|
|
|
|
|
|
|
Microsoft Corp.
|
|
|
587,164
|
|
|
$
|
17,338,953
|
|
Oracle Corp.
|
|
|
986,261
|
|
|
|
27,812,560
|
|
SAP AG
|
|
|
73,892
|
|
|
|
4,467,637
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
49,619,150
|
|
|
|
|
|
|
|
|
|
|
Specialty Retail 1.6%
|
|
|
|
|
|
|
|
|
Home Depot, Inc. (The)
|
|
|
275,637
|
|
|
$
|
12,235,526
|
|
Industria de Diseno Textil SA
|
|
|
114,472
|
|
|
|
10,003,288
|
|
Kingfisher PLC
|
|
|
1,170,119
|
|
|
|
4,724,475
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
26,963,289
|
|
|
|
|
|
|
|
|
|
|
Textiles, Apparel & Luxury
Goods 1.9%
|
|
|
|
|
|
|
|
|
LVMH Moet Hennessy Louis Vuitton SA
|
|
|
58,445
|
|
|
$
|
9,468,235
|
|
NIKE, Inc., Class B
|
|
|
218,019
|
|
|
|
22,671,796
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
32,140,031
|
|
|
|
|
|
|
|
|
|
|
Tobacco 2.0%
|
|
|
|
|
|
|
|
|
British American Tobacco PLC
|
|
|
120,651
|
|
|
$
|
5,555,762
|
|
Philip Morris International, Inc.
|
|
|
364,717
|
|
|
|
27,269,890
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
32,825,652
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 1.0%
|
|
|
|
|
|
|
|
|
Vodafone Group PLC
|
|
|
6,343,427
|
|
|
$
|
17,109,234
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
17,109,234
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $1,414,423,846)
|
|
|
|
|
|
$
|
1,606,009,309
|
|
|
|
|
|
|
|
|
|
|
4
Short-Term
Investments 4.8%
|
|
|
|
|
|
|
|
|
|
|
Interest
|
|
|
|
|
Description
|
|
(000s omitted)
|
|
|
Value
|
|
Eaton Vance Cash Reserves Fund, LLC,
0.07%
(2)
|
|
$
|
80,842
|
|
|
$
|
80,841,998
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $80,841,998)
|
|
|
|
|
|
$
|
80,841,998
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 100.6%
(identified cost $1,495,265,844)
|
|
|
|
|
|
$
|
1,686,851,307
|
|
|
|
|
|
|
|
|
|
|
Call
Options Written (0.7)%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
Strike
|
|
|
Expiration
|
|
|
|
Description
|
|
Contracts
|
|
Price
|
|
|
Date
|
|
Value
|
|
S&P 500 Index
|
|
|
1,725
|
|
|
$
|
1,300
|
|
|
2/18/12
|
|
$
|
(4,174,500
|
)
|
S&P 500 Index
|
|
|
1,480
|
|
|
|
1,305
|
|
|
2/18/12
|
|
|
(3,137,600
|
)
|
S&P 500 Index
|
|
|
2,905
|
|
|
|
1,315
|
|
|
2/18/12
|
|
|
(4,502,750
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Call Options Written
(premiums received $14,034,310)
|
|
$
|
(11,814,850
|
)
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less Liabilities 0.1%
|
|
$
|
2,453,880
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets 100.0%
|
|
$
|
1,677,490,337
|
|
|
|
|
|
|
The percentage shown for each investment category in the
Portfolio of Investments is based on net assets.
|
|
|
|
|
|
|
ADR
|
|
-
|
|
American Depositary Receipt
|
|
|
|
|
|
PFC Shares
|
|
-
|
|
Preference Shares
|
|
|
|
|
|
(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 January 31, 2012. Net income
allocated from the investment in Eaton Vance Cash Reserves Fund,
LLC for the fiscal year to date ended January 31, 2012 was
$14,455.
|
Country
Concentration of Portfolio
|
|
|
|
|
|
|
|
|
|
|
Percentage
|
|
|
|
|
Country
|
|
of Net Assets
|
|
|
Value
|
|
United States
|
|
|
77.0
|
%
|
|
$
|
1,291,676,185
|
|
United Kingdom
|
|
|
7.0
|
|
|
|
116,703,931
|
|
France
|
|
|
3.2
|
|
|
|
53,264,354
|
|
Germany
|
|
|
2.6
|
|
|
|
43,246,942
|
|
Ireland
|
|
|
2.2
|
|
|
|
36,197,674
|
|
Switzerland
|
|
|
2.1
|
|
|
|
35,555,013
|
|
Canada
|
|
|
1.6
|
|
|
|
27,547,005
|
|
Spain
|
|
|
1.1
|
|
|
|
19,150,440
|
|
Netherlands
|
|
|
0.9
|
|
|
|
14,824,808
|
|
Norway
|
|
|
0.6
|
|
|
|
9,577,026
|
|
Brazil
|
|
|
0.6
|
|
|
|
9,504,054
|
|
Australia
|
|
|
0.4
|
|
|
|
6,995,645
|
|
Denmark
|
|
|
0.4
|
|
|
|
6,932,691
|
|
Belgium
|
|
|
0.4
|
|
|
|
6,500,548
|
|
Italy
|
|
|
0.3
|
|
|
|
5,660,635
|
|
Sweden
|
|
|
0.2
|
|
|
|
3,514,356
|
|
|
|
|
|
|
|
|
|
|
Total Investments
|
|
|
100.6
|
%
|
|
$
|
1,686,851,307
|
|
|
|
|
|
|
|
|
|
|
The cost and unrealized appreciation (depreciation) of
investments of the Fund at January 31, 2012, as
determined on a federal income tax basis, were as follows:
|
|
|
|
|
Aggregate cost
|
|
$
|
1,496,188,296
|
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
247,212,269
|
|
Gross unrealized depreciation
|
|
|
(56,549,258
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
190,663,011
|
|
|
|
|
|
|
5
Written call options activity for the fiscal year to date ended
January 31, 2012 was as follows:
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
Premiums
|
|
|
|
Contracts
|
|
|
Received
|
|
Outstanding, beginning of period
|
|
|
6,345
|
|
|
$
|
23,069,562
|
|
Options written
|
|
|
18,735
|
|
|
|
52,901,965
|
|
Options terminated in closing purchase transactions
|
|
|
(18,970
|
)
|
|
|
(61,937,217
|
)
|
|
|
|
|
|
|
|
|
|
Outstanding, end of period
|
|
|
6,110
|
|
|
$
|
14,034,310
|
|
|
|
|
|
|
|
|
|
|
All of the assets of the Fund are subject to segregation to
satisfy the requirements of the escrow agent. At
January 31, 2012, 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 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 price of the underlying index decline.
At January 31, 2012, the aggregate fair value of
derivative instruments (not considered to be hedging instruments
for accounting disclosure purposes) in a liability position and
whose primary underlying risk exposure is equity price risk was
$11,814,850.
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 funds 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, 2012, the hierarchy of inputs used in
valuing the Funds investments and open derivative
instruments, which are carried at value, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Description
|
|
Level 1
|
|
|
Level 2
|
|
|
Level 3
|
|
|
Total
|
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary
|
|
$
|
132,194,957
|
|
|
$
|
29,719,308
|
|
|
$
|
|
|
|
$
|
161,914,265
|
|
Consumer Staples
|
|
|
148,463,595
|
|
|
|
48,785,213
|
|
|
|
|
|
|
|
197,248,808
|
|
Energy
|
|
|
152,059,391
|
|
|
|
52,124,543
|
|
|
|
|
|
|
|
204,183,934
|
|
Financials
|
|
|
183,787,662
|
|
|
|
46,995,731
|
|
|
|
|
|
|
|
230,783,393
|
|
Health Care
|
|
|
172,945,137
|
|
|
|
51,555,953
|
|
|
|
|
|
|
|
224,501,090
|
|
Industrials
|
|
|
121,723,071
|
|
|
|
21,606,461
|
|
|
|
|
|
|
|
143,329,532
|
|
Information Technology
|
|
|
218,507,761
|
|
|
|
7,981,993
|
|
|
|
|
|
|
|
226,489,754
|
|
Materials
|
|
|
72,630,225
|
|
|
|
16,389,471
|
|
|
|
|
|
|
|
89,019,696
|
|
Telecommunication Services
|
|
|
58,136,246
|
|
|
|
27,230,377
|
|
|
|
|
|
|
|
85,366,623
|
|
Utilities
|
|
|
30,630,520
|
|
|
|
12,541,694
|
|
|
|
|
|
|
|
43,172,214
|
|
|
|
Total Common Stocks
|
|
$
|
1,291,078,565
|
|
|
$
|
314,930,744
|
*
|
|
$
|
|
|
|
$
|
1,606,009,309
|
|
|
|
Short-Term Investments
|
|
$
|
|
|
|
$
|
80,841,998
|
|
|
$
|
|
|
|
$
|
80,841,998
|
|
|
|
Total Investments
|
|
$
|
1,291,078,565
|
|
|
$
|
395,772,742
|
|
|
$
|
|
|
|
$
|
1,686,851,307
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liability Description
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Call Options Written
|
|
$
|
(11,814,850
|
)
|
|
$
|
|
|
|
$
|
|
|
|
$
|
(11,814,850
|
)
|
|
|
Total
|
|
$
|
(11,814,850
|
)
|
|
$
|
|
|
|
$
|
|
|
|
$
|
(11,814,850
|
)
|
|
|
|
|
*
|
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.
|
6
The Fund held no investments or other financial instruments as
of October 31, 2011 whose fair value was determined
using Level 3 inputs. At January 31, 2012, the
value of investments transferred between Level 1 and
Level 2, if any, during the fiscal year to date then ended
was not significant.
For information on the Funds policy regarding the
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/ Walter A. Row, III
Walter A. Row, III
|
|
|
|
|
President
|
|
|
|
|
|
|
|
Date:
|
|
March 26, 2012
|
|
|
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/ Walter A. Row, III
Walter A. Row, III
|
|
|
|
|
President
|
|
|
|
|
|
|
|
Date:
|
|
March 26, 2012
|
|
|
|
|
|
|
|
By:
|
|
/s/ Barbara E. Campbell
Barbara E. Campbell
|
|
|
|
|
Treasurer
|
|
|
|
|
|
|
|
Date:
|
|
March 26, 2012
|
|
|
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