- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
September 28 2011 - 4:10PM
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, 2011
Date of Reporting Period
Item 1. Schedule of Investments
Eaton
Vance
Tax-Managed Diversified Equity Income Fund
July 31, 2011
PORTFOLIO
OF INVESTMENTS (Unaudited)
Common
Stocks 97.9%
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Aerospace & Defense 1.0%
|
|
|
|
|
|
|
|
|
United Technologies Corp.
|
|
|
213,454
|
|
|
$
|
17,682,529
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
17,682,529
|
|
|
|
|
|
|
|
|
|
|
Automobiles 1.3%
|
|
|
|
|
|
|
|
|
Bayerische Motoren Werke AG
|
|
|
64,364
|
|
|
$
|
6,434,583
|
|
Ford Motor
Co.
(1)
|
|
|
791,263
|
|
|
|
9,661,321
|
|
Volkswagen AG, PFC Shares
|
|
|
37,852
|
|
|
|
7,555,872
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
23,651,776
|
|
|
|
|
|
|
|
|
|
|
Beverages 3.9%
|
|
|
|
|
|
|
|
|
Anheuser-Busch InBev NV
|
|
|
106,915
|
|
|
$
|
6,153,443
|
|
Coca-Cola
Co. (The)
|
|
|
552,117
|
|
|
|
37,549,477
|
|
PepsiCo, Inc.
|
|
|
410,616
|
|
|
|
26,295,849
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
69,998,769
|
|
|
|
|
|
|
|
|
|
|
Biotechnology 0.8%
|
|
|
|
|
|
|
|
|
Celgene
Corp.
(1)
|
|
|
248,863
|
|
|
$
|
14,757,576
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
14,757,576
|
|
|
|
|
|
|
|
|
|
|
Capital Markets 1.0%
|
|
|
|
|
|
|
|
|
Deutsche Bank AG
|
|
|
47,128
|
|
|
$
|
2,591,221
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
93,418
|
|
|
|
12,608,627
|
|
UBS AG
(1)
|
|
|
186,902
|
|
|
|
3,085,479
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
18,285,327
|
|
|
|
|
|
|
|
|
|
|
Chemicals 2.0%
|
|
|
|
|
|
|
|
|
Air Liquide SA
|
|
|
27,971
|
|
|
$
|
3,842,180
|
|
BASF SE
|
|
|
97,600
|
|
|
|
8,814,370
|
|
Monsanto Co.
|
|
|
324,189
|
|
|
|
23,821,408
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
36,477,958
|
|
|
|
|
|
|
|
|
|
|
Commercial Banks 5.7%
|
|
|
|
|
|
|
|
|
Banco Bilbao Vizcaya Argentaria SA
|
|
|
477,882
|
|
|
$
|
5,005,803
|
|
Banco Santander SA
|
|
|
634,421
|
|
|
|
6,677,463
|
|
Bank of Nova Scotia (The)
|
|
|
207,509
|
|
|
|
11,778,211
|
|
Barclays PLC
|
|
|
1,308,215
|
|
|
|
4,746,927
|
|
BNP Paribas
|
|
|
47,989
|
|
|
|
3,112,270
|
|
HSBC Holdings PLC
|
|
|
729,942
|
|
|
|
7,116,440
|
|
Intesa Sanpaolo SpA
|
|
|
1,728,701
|
|
|
|
3,987,757
|
|
Itau Unibanco Holding SA ADR
|
|
|
476,155
|
|
|
|
9,699,277
|
|
KeyCorp
|
|
|
1,123,377
|
|
|
|
9,031,951
|
|
PNC Financial Services Group, Inc.
|
|
|
140,973
|
|
|
|
7,653,424
|
|
Royal Bank of Scotland Group
PLC
(1)
|
|
|
4,085,694
|
|
|
|
2,370,703
|
|
Societe Generale
|
|
|
96,538
|
|
|
|
4,778,590
|
|
State Bank of India GDR
|
|
|
42,672
|
|
|
|
4,728,058
|
|
Wells Fargo & Co.
|
|
|
775,220
|
|
|
|
21,659,647
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
102,346,521
|
|
|
|
|
|
|
|
|
|
|
Communications Equipment 3.6%
|
|
|
|
|
|
|
|
|
Harris Corp.
|
|
|
254,910
|
|
|
$
|
10,163,262
|
|
HTC Corp.
|
|
|
114,450
|
|
|
|
3,404,597
|
|
JDS Uniphase
Corp.
(1)
|
|
|
364,101
|
|
|
|
4,787,928
|
|
QUALCOMM, Inc.
|
|
|
757,920
|
|
|
|
41,518,858
|
|
Telefonaktiebolaget LM Ericsson, Class B
|
|
|
377,635
|
|
|
|
4,743,348
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
64,617,993
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Computers & Peripherals 3.6%
|
|
|
|
|
|
|
|
|
Apple,
Inc.
(1)
|
|
|
163,963
|
|
|
$
|
64,024,272
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
64,024,272
|
|
|
|
|
|
|
|
|
|
|
Construction & Engineering 1.4%
|
|
|
|
|
|
|
|
|
Fluor Corp.
|
|
|
385,631
|
|
|
$
|
24,499,137
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
24,499,137
|
|
|
|
|
|
|
|
|
|
|
Consumer Finance 0.7%
|
|
|
|
|
|
|
|
|
American Express Co.
|
|
|
251,154
|
|
|
$
|
12,567,746
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
12,567,746
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services 3.8%
|
|
|
|
|
|
|
|
|
Citigroup, Inc.
|
|
|
491,743
|
|
|
$
|
18,853,427
|
|
JPMorgan Chase & Co.
|
|
|
763,501
|
|
|
|
30,883,615
|
|
Moodys Corp.
|
|
|
530,262
|
|
|
|
18,882,630
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
68,619,672
|
|
|
|
|
|
|
|
|
|
|
Diversified Telecommunication
Services 2.9%
|
|
|
|
|
|
|
|
|
AT&T, Inc.
|
|
|
729,354
|
|
|
$
|
21,340,898
|
|
CenturyLink, Inc.
|
|
|
279,761
|
|
|
|
10,381,931
|
|
Deutsche Telekom AG
|
|
|
369,226
|
|
|
|
5,755,396
|
|
Koninklijke KPN NV
|
|
|
519,866
|
|
|
|
7,413,817
|
|
Verizon Communications, Inc.
|
|
|
186,293
|
|
|
|
6,574,280
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
51,466,322
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities 1.5%
|
|
|
|
|
|
|
|
|
American Electric Power Co., Inc.
|
|
|
257,104
|
|
|
$
|
9,476,854
|
|
Enel SpA
|
|
|
573,649
|
|
|
|
3,303,840
|
|
PPL Corp.
|
|
|
277,219
|
|
|
|
7,734,410
|
|
Scottish and Southern Energy PLC
|
|
|
319,852
|
|
|
|
6,853,247
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
27,368,351
|
|
|
|
|
|
|
|
|
|
|
Electrical Equipment 0.8%
|
|
|
|
|
|
|
|
|
ABB,
Ltd.
(1)
|
|
|
309,717
|
|
|
$
|
7,418,247
|
|
Emerson Electric Co.
|
|
|
136,773
|
|
|
|
6,714,187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
14,132,434
|
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments &
Components 0.9%
|
|
|
|
|
|
|
|
|
Corning, Inc.
|
|
|
1,061,751
|
|
|
$
|
16,892,458
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
16,892,458
|
|
|
|
|
|
|
|
|
|
|
Energy Equipment & Services 2.2%
|
|
|
|
|
|
|
|
|
Halliburton Co.
|
|
|
397,813
|
|
|
$
|
21,772,306
|
|
Schlumberger, Ltd.
|
|
|
192,371
|
|
|
|
17,384,567
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
39,156,873
|
|
|
|
|
|
|
|
|
|
|
Food & Staples Retailing 1.2%
|
|
|
|
|
|
|
|
|
Costco Wholesale Corp.
|
|
|
171,385
|
|
|
$
|
13,410,876
|
|
Metro AG
|
|
|
68,066
|
|
|
|
3,757,231
|
|
Tesco PLC
|
|
|
629,574
|
|
|
|
3,954,597
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
21,122,704
|
|
|
|
|
|
|
|
|
|
|
Food Products 2.0%
|
|
|
|
|
|
|
|
|
Danone SA
|
|
|
106,593
|
|
|
$
|
7,599,514
|
|
Nestle SA
|
|
|
249,616
|
|
|
|
15,900,920
|
|
Unilever NV - NY Shares
|
|
|
370,384
|
|
|
|
12,028,261
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
35,528,695
|
|
|
|
|
|
|
|
|
|
|
Health Care Equipment &
Supplies 3.2%
|
|
|
|
|
|
|
|
|
Covidien PLC
|
|
|
436,615
|
|
|
$
|
22,175,676
|
|
St. Jude Medical, Inc.
|
|
|
560,271
|
|
|
|
26,052,601
|
|
Varian Medical Systems,
Inc.
(1)
|
|
|
162,327
|
|
|
|
10,187,643
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
58,415,920
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Health Care Providers &
Services 4.8%
|
|
|
|
|
|
|
|
|
AmerisourceBergen Corp.
|
|
|
623,823
|
|
|
$
|
23,898,659
|
|
DaVita,
Inc.
(1)
|
|
|
64,205
|
|
|
|
5,363,686
|
|
Fresenius Medical Care AG & Co. KGaA ADR
|
|
|
259,884
|
|
|
|
19,995,475
|
|
HCA Holdings,
Inc.
(1)
|
|
|
244,098
|
|
|
|
6,512,535
|
|
UnitedHealth Group, Inc.
|
|
|
610,301
|
|
|
|
30,289,238
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
86,059,593
|
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure 1.5%
|
|
|
|
|
|
|
|
|
McDonalds Corp.
|
|
|
307,816
|
|
|
$
|
26,619,928
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
26,619,928
|
|
|
|
|
|
|
|
|
|
|
Household Products 1.3%
|
|
|
|
|
|
|
|
|
Procter & Gamble Co.
|
|
|
384,350
|
|
|
$
|
23,633,681
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
23,633,681
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates 3.6%
|
|
|
|
|
|
|
|
|
Danaher Corp.
|
|
|
522,162
|
|
|
$
|
25,643,376
|
|
General Electric Co.
|
|
|
1,121,868
|
|
|
|
20,092,656
|
|
Philips Electronics NV
|
|
|
261,127
|
|
|
|
6,485,738
|
|
Siemens AG
|
|
|
104,342
|
|
|
|
13,335,549
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
65,557,319
|
|
|
|
|
|
|
|
|
|
|
Insurance 2.9%
|
|
|
|
|
|
|
|
|
Aflac, Inc.
|
|
|
208,202
|
|
|
$
|
9,589,784
|
|
Allianz SE
|
|
|
49,443
|
|
|
|
6,443,160
|
|
AXA SA
|
|
|
356,429
|
|
|
|
6,668,421
|
|
Lincoln National Corp.
|
|
|
341,755
|
|
|
|
9,056,508
|
|
MetLife, Inc.
|
|
|
294,880
|
|
|
|
12,152,005
|
|
Prudential PLC
|
|
|
698,928
|
|
|
|
7,872,885
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
51,782,763
|
|
|
|
|
|
|
|
|
|
|
Internet & Catalog Retail 3.0%
|
|
|
|
|
|
|
|
|
Amazon.com,
Inc.
(1)
|
|
|
121,641
|
|
|
$
|
27,067,555
|
|
Netflix,
Inc.
(1)
|
|
|
48,146
|
|
|
|
12,806,355
|
|
priceline.com,
Inc.
(1)
|
|
|
27,555
|
|
|
|
14,814,946
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
54,688,856
|
|
|
|
|
|
|
|
|
|
|
Internet Software & Services 0.9%
|
|
|
|
|
|
|
|
|
Google, Inc.,
Class A
(1)
|
|
|
25,351
|
|
|
$
|
15,304,145
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
15,304,145
|
|
|
|
|
|
|
|
|
|
|
IT Services 2.7%
|
|
|
|
|
|
|
|
|
Accenture PLC, Class A
|
|
|
239,135
|
|
|
$
|
14,142,444
|
|
International Business Machines Corp.
|
|
|
188,505
|
|
|
|
34,279,634
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
48,422,078
|
|
|
|
|
|
|
|
|
|
|
Machinery 1.8%
|
|
|
|
|
|
|
|
|
Illinois Tool Works, Inc.
|
|
|
650,816
|
|
|
$
|
32,410,637
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
32,410,637
|
|
|
|
|
|
|
|
|
|
|
Media 1.3%
|
|
|
|
|
|
|
|
|
Comcast Corp., Class A
|
|
|
823,776
|
|
|
$
|
19,787,100
|
|
Vivendi SA
|
|
|
169,602
|
|
|
|
4,055,852
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
23,842,952
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 3.1%
|
|
|
|
|
|
|
|
|
Anglo American PLC
|
|
|
128,438
|
|
|
$
|
6,079,324
|
|
BHP Billiton, Ltd. ADR
|
|
|
88,062
|
|
|
|
8,062,076
|
|
Cliffs Natural Resources, Inc.
|
|
|
169,192
|
|
|
|
15,196,826
|
|
Freeport-McMoRan Copper & Gold, Inc.
|
|
|
214,523
|
|
|
|
11,361,138
|
|
Goldcorp, Inc.
|
|
|
319,951
|
|
|
|
15,296,857
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
55,996,221
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Multi-Utilities 0.9%
|
|
|
|
|
|
|
|
|
National Grid PLC
|
|
|
403,800
|
|
|
$
|
3,950,942
|
|
PG&E Corp.
|
|
|
306,831
|
|
|
|
12,712,008
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
16,662,950
|
|
|
|
|
|
|
|
|
|
|
Multiline Retail 0.6%
|
|
|
|
|
|
|
|
|
Macys, Inc.
|
|
|
378,647
|
|
|
$
|
10,931,539
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
10,931,539
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 9.5%
|
|
|
|
|
|
|
|
|
Alpha Natural Resources,
Inc.
(1)
|
|
|
247,059
|
|
|
$
|
10,551,890
|
|
Apache Corp.
|
|
|
134,986
|
|
|
|
16,700,468
|
|
BG Group PLC
|
|
|
197,201
|
|
|
|
4,649,320
|
|
BP PLC
|
|
|
1,332,877
|
|
|
|
10,045,403
|
|
ConocoPhillips
|
|
|
281,664
|
|
|
|
20,276,991
|
|
Exxon Mobil Corp.
|
|
|
497,524
|
|
|
|
39,697,440
|
|
Occidental Petroleum Corp.
|
|
|
114,466
|
|
|
|
11,238,272
|
|
Peabody Energy Corp.
|
|
|
157,037
|
|
|
|
9,024,916
|
|
Royal Dutch Shell PLC, Class B
|
|
|
494,662
|
|
|
|
18,112,370
|
|
Southwestern Energy
Co.
(1)
|
|
|
274,720
|
|
|
|
12,241,523
|
|
Statoil ASA
|
|
|
380,385
|
|
|
|
9,375,225
|
|
Total SA
|
|
|
170,001
|
|
|
|
9,188,271
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
171,102,089
|
|
|
|
|
|
|
|
|
|
|
Personal Products 1.4%
|
|
|
|
|
|
|
|
|
Estee Lauder Cos., Inc. (The), Class A
|
|
|
243,655
|
|
|
$
|
25,561,846
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
25,561,846
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals 5.5%
|
|
|
|
|
|
|
|
|
AstraZeneca PLC
|
|
|
132,029
|
|
|
$
|
6,415,143
|
|
Bayer AG
|
|
|
138,165
|
|
|
|
11,053,227
|
|
GlaxoSmithKline PLC
|
|
|
428,213
|
|
|
|
9,547,066
|
|
Johnson & Johnson
|
|
|
106,099
|
|
|
|
6,874,154
|
|
Novartis AG
|
|
|
225,108
|
|
|
|
13,799,588
|
|
Novo Nordisk A/S, Class B
|
|
|
58,342
|
|
|
|
7,136,442
|
|
Pfizer, Inc.
|
|
|
1,322,306
|
|
|
|
25,441,167
|
|
Sanofi-Aventis
|
|
|
141,378
|
|
|
|
10,985,141
|
|
Teva Pharmaceutical Industries, Ltd. ADR
|
|
|
147,445
|
|
|
|
6,876,835
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
98,128,763
|
|
|
|
|
|
|
|
|
|
|
Real Estate Investment Trusts
(REITs) 1.0%
|
|
|
|
|
|
|
|
|
AvalonBay Communities, Inc.
|
|
|
54,184
|
|
|
$
|
7,270,951
|
|
Boston Properties, Inc.
|
|
|
94,121
|
|
|
|
10,104,831
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
17,375,782
|
|
|
|
|
|
|
|
|
|
|
Software 2.8%
|
|
|
|
|
|
|
|
|
Microsoft Corp.
|
|
|
587,164
|
|
|
$
|
16,088,294
|
|
Oracle Corp.
|
|
|
986,261
|
|
|
|
30,159,861
|
|
SAP AG
|
|
|
73,892
|
|
|
|
4,619,885
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
50,868,040
|
|
|
|
|
|
|
|
|
|
|
Specialty Retail 1.1%
|
|
|
|
|
|
|
|
|
Home Depot, Inc.
|
|
|
275,637
|
|
|
$
|
9,628,000
|
|
Industria de Diseno Textil SA
|
|
|
114,472
|
|
|
|
10,350,847
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
19,978,847
|
|
|
|
|
|
|
|
|
|
|
Textiles, Apparel & Luxury
Goods 1.7%
|
|
|
|
|
|
|
|
|
LVMH Moet Hennessy Louis Vuitton SA
|
|
|
58,445
|
|
|
$
|
10,712,554
|
|
NIKE, Inc., Class B
|
|
|
218,019
|
|
|
|
19,654,413
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
30,366,967
|
|
|
|
|
|
|
|
|
|
|
4
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
Tobacco 1.6%
|
|
|
|
|
|
|
|
|
British American Tobacco PLC
|
|
|
120,651
|
|
|
$
|
5,569,401
|
|
Philip Morris International, Inc.
|
|
|
337,953
|
|
|
|
24,052,115
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
29,621,516
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 1.4%
|
|
|
|
|
|
|
|
|
American Tower Corp.,
Class A
(1)
|
|
|
126,774
|
|
|
$
|
6,659,438
|
|
Vodafone Group PLC
|
|
|
6,343,427
|
|
|
|
17,789,214
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
24,448,652
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
(identified cost $1,499,254,679)
|
|
|
|
|
|
$
|
1,760,978,197
|
|
|
|
|
|
|
|
|
|
|
Short-Term
Investments 1.9%
|
|
|
|
|
|
|
|
|
|
|
Interest
|
|
|
|
|
Description
|
|
(000s omitted)
|
|
|
Value
|
|
Eaton Vance Cash Reserves Fund, LLC,
0.10%
(2)
|
|
$
|
33,969
|
|
|
$
|
33,969,334
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(identified cost $33,969,334)
|
|
|
|
|
|
$
|
33,969,334
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 99.8%
(identified cost $1,533,224,013)
|
|
|
|
|
|
$
|
1,794,947,531
|
|
|
|
|
|
|
|
|
|
|
Call
Options Written (0.4)%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number
|
|
Strike
|
|
|
Expiration
|
|
|
|
Description
|
|
of Contracts
|
|
Price
|
|
|
Date
|
|
Value
|
|
S&P 500 Index
|
|
|
915
|
|
|
$
|
1,320
|
|
|
8/20/11
|
|
$
|
(1,290,150
|
)
|
S&P 500 Index
|
|
|
2,350
|
|
|
|
1,330
|
|
|
8/20/11
|
|
|
(2,432,250
|
)
|
S&P 500 Index
|
|
|
3,655
|
|
|
|
1,340
|
|
|
8/20/11
|
|
|
(2,832,625
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Call Options Written
(premiums received $13,910,261)
|
|
$
|
(6,555,025
|
)
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less Liabilities 0.6%
|
|
$
|
11,231,392
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets 100.0%
|
|
$
|
1,799,623,898
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The percentage shown for each investment category in the
Portfolio of Investments is based on net assets.
|
|
|
|
|
|
ADR
|
|
-
|
|
American Depositary Receipt
|
|
|
|
|
|
GDR
|
|
-
|
|
Global 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 July 31, 2011. Net income allocated from the
investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal
year to date ended July 31, 2011 was $42,342.
|
5
Country
Concentration of Portfolio
|
|
|
|
|
|
|
|
|
|
|
Percentage
|
|
|
|
|
Country
|
|
of Net Assets
|
|
|
Value
|
|
United States
|
|
|
72.8
|
%
|
|
$
|
1,309,545,538
|
|
United Kingdom
|
|
|
6.4
|
|
|
|
115,072,982
|
|
Germany
|
|
|
5.0
|
|
|
|
90,355,969
|
|
France
|
|
|
3.4
|
|
|
|
60,942,793
|
|
Switzerland
|
|
|
2.2
|
|
|
|
40,204,234
|
|
Ireland
|
|
|
2.0
|
|
|
|
36,318,120
|
|
Canada
|
|
|
1.5
|
|
|
|
27,075,068
|
|
Netherlands
|
|
|
1.5
|
|
|
|
25,927,816
|
|
Spain
|
|
|
1.2
|
|
|
|
22,034,113
|
|
Brazil
|
|
|
0.5
|
|
|
|
9,699,277
|
|
Norway
|
|
|
0.5
|
|
|
|
9,375,225
|
|
Australia
|
|
|
0.5
|
|
|
|
8,062,076
|
|
Italy
|
|
|
0.4
|
|
|
|
7,291,597
|
|
Denmark
|
|
|
0.4
|
|
|
|
7,136,442
|
|
Israel
|
|
|
0.4
|
|
|
|
6,876,835
|
|
Belgium
|
|
|
0.3
|
|
|
|
6,153,443
|
|
Sweden
|
|
|
0.3
|
|
|
|
4,743,348
|
|
India
|
|
|
0.3
|
|
|
|
4,728,058
|
|
Taiwan
|
|
|
0.2
|
|
|
|
3,404,597
|
|
|
|
|
|
|
|
|
|
|
Total Investments
|
|
|
99.8
|
%
|
|
$
|
1,794,947,531
|
|
|
|
|
|
|
|
|
|
|
The cost and unrealized appreciation (depreciation) of
investments of the Fund at July 31, 2011, as determined on
a federal income tax basis, were as follows:
|
|
|
|
|
Aggregate cost
|
|
$
|
1,533,484,415
|
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
309,098,951
|
|
Gross unrealized depreciation
|
|
|
(47,635,835
|
)
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
261,463,116
|
|
|
|
|
|
|
Written call options activity for the fiscal year to date ended
July 31, 2011 was as follows:
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
Premiums
|
|
|
|
Contracts
|
|
|
Received
|
|
Outstanding, beginning of period
|
|
|
7,845
|
|
|
$
|
19,474,633
|
|
Options written
|
|
|
64,000
|
|
|
|
99,128,312
|
|
Options terminated in closing purchase transactions
|
|
|
(62,135
|
)
|
|
|
(101,174,265
|
)
|
Options expired
|
|
|
(2,790
|
)
|
|
|
(3,518,419
|
)
|
|
|
|
|
|
|
|
|
|
Outstanding, end of period
|
|
|
6,920
|
|
|
$
|
13,910,261
|
|
|
|
|
|
|
|
|
|
|
All of the assets of the Fund are subject to segregation to
satisfy the requirements of the escrow agent. At July 31,
2011, 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 July 31, 2011, 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
$6,555,025.
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.)
|
6
|
|
|
|
|
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 July 31, 2011, the hierarchy of inputs used in valuing
the Funds investments, which are carried at value, were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Description
|
|
Level 1
|
|
|
Level 2
|
|
|
Level 3
|
|
|
Total
|
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary
|
|
$
|
150,971,157
|
|
|
$
|
39,109,708
|
|
|
$
|
|
|
|
$
|
190,080,865
|
|
Consumer Staples
|
|
|
150,503,844
|
|
|
|
54,963,367
|
|
|
|
|
|
|
|
205,467,211
|
|
Energy
|
|
|
158,888,373
|
|
|
|
51,370,589
|
|
|
|
|
|
|
|
210,258,962
|
|
Financials
|
|
|
213,198,154
|
|
|
|
57,779,657
|
|
|
|
|
|
|
|
270,977,811
|
|
Health Care
|
|
|
198,425,245
|
|
|
|
58,936,607
|
|
|
|
|
|
|
|
257,361,852
|
|
Industrials
|
|
|
127,042,522
|
|
|
|
27,239,534
|
|
|
|
|
|
|
|
154,282,056
|
|
Information Technology
|
|
|
247,361,156
|
|
|
|
12,767,830
|
|
|
|
|
|
|
|
260,128,986
|
|
Materials
|
|
|
73,738,305
|
|
|
|
18,735,874
|
|
|
|
|
|
|
|
92,474,179
|
|
Telecommunication Services
|
|
|
44,956,547
|
|
|
|
30,958,427
|
|
|
|
|
|
|
|
75,914,974
|
|
Utilities
|
|
|
29,923,272
|
|
|
|
14,108,029
|
|
|
|
|
|
|
|
44,031,301
|
|
|
|
Total Common Stocks
|
|
$
|
1,395,008,575
|
|
|
$
|
365,969,622
|
*
|
|
$
|
|
|
|
$
|
1,760,978,197
|
|
|
|
Short-Term Investments
|
|
$
|
|
|
|
$
|
33,969,334
|
|
|
$
|
|
|
|
$
|
33,969,334
|
|
|
|
Total Investments
|
|
$
|
1,395,008,575
|
|
|
$
|
399,938,956
|
|
|
$
|
|
|
|
$
|
1,794,947,531
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liability Description
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Call Options Written
|
|
$
|
(6,555,025
|
)
|
|
$
|
|
|
|
$
|
|
|
|
$
|
(6,555,025
|
)
|
|
|
Total
|
|
$
|
(6,555,025
|
)
|
|
$
|
|
|
|
$
|
|
|
|
$
|
(6,555,025
|
)
|
|
|
|
|
|
*
|
|
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.
|
The Fund held no investments or other financial instruments as
of October 31, 2010 whose fair value was determined using
Level 3 inputs. At July 31, 2011, 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:
|
|
September 26, 2011
|
|
|
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:
|
|
September 26, 2011
|
|
|
|
|
|
|
|
By:
|
|
/s/ Barbara E. Campbell
Barbara E. Campbell
|
|
|
|
|
Treasurer
|
|
|
|
|
|
|
|
Date:
|
|
September 26, 2011
|
|
|
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