Eaton Vance Short Diversified Income Fund Eaton Vance Short Duration Diversified Income Fund Common Shares of Beneficial Interest (EVG)

FairStock Score: 66/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach EVG as a closed-end fixed-income fund, not an operating company. It owns senior secured floating-rate loans, foreign-currency deposits, foreign government and corporate debt, and mortgage-backed securities. At the 2026-10-13 close of $10.19, its market cap was $144.7M. FairStock calculations show a P/E of 9.80, a P/B of 0.91, ROE of 9.21%, ROCE of 3.15%, and D/E of 0.14. The 8.55% dividend yield is the main attraction, and the low beta of 0.43 suggests modest price volatility. The P/B below 1 and the Graham Number of $16.21, with a 37.14% margin of safety, hint that the shares may be cheap relative to book value and earnings power. But I do not confuse a discount with a moat. This is an externally managed fund; its edge depends on credit selection, duration management, and access to Eaton Vance's platform, not on a durable competitive advantage like a brand or network. Financial health is mixed. Leverage looks modest at D/E of 0.14, but FairStock's Piotroski F-Score is only 2/9 and its Altman Z-Score is 1.95, which would worry me if I treated this like a non-financial company. The FairStock score is 66/100. Growth is not really measurable here: revenue and profit growth are N/A, and no Lynch category is assigned because only 0 years of filed results are available. So I see an income-oriented, discounted fund with low volatility, but weak financial signals and limited history in the data. It may be statistically cheap, but quality is not obvious.

In plain English: This is a closed-end fund run by Eaton Vance that invests in short-term loans and bonds from the U.S. and abroad. It pays a high income, and its share price looks low compared with its accounting value and earnings, but the fund is not a fast-growing business and its financial-strength signals look weak. Overall, it looks like an income-focused, moderate-risk investment rather than a strong growth story.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer