Is Eaton Vance Short Duration Diversified Income Fund (EVG) Halal?
Shariah Screening — 5 Standards
Based on financial data from October 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 81.6% | |
| Net Margin | 113.5% | |
| Return on Equity (ROE) | 9.8% | |
| Return on Assets (ROA) | 3.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $14M |
| Free Cash Flow | $14M |
| Total Debt | $30M |
| Debt-to-Equity | 19.6 |
| Current Ratio | 0.3 |
| Total Assets | $208M |
Price & Trading
| Last Close | $10.48 |
| 50-Day MA | $10.85 |
| 200-Day MA | $11.04 |
| Avg Volume | 45K |
| Beta | 0.5 |
|
52-Week Range
$10.25
| |
About Eaton Vance Short Duration Diversified Income Fund (EVG)
Eaton Vance Short Duration Diversified Income Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It primarily invests in senior, secured floating-rate loans, bank deposits denominated in foreign currencies, debt obligations of foreign governmental and corporate issuers, and mortgage-backed securities. The fund invests in fixed income securities operating across diversified sectors. It invests in fixed income securities with an average duration of 1.76 years and an average credit quality of least BBB. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. It was formerly known as Eaton Vance Low Duration Diversified Income Fund. Eaton Vance Short Duration Diversified Income Fund was formed on February 28, 2005 and is domiciled in the United States.
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Frequently Asked Questions
Is Eaton Vance Short Duration Diversified Income Fund (EVG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Eaton Vance Short Duration Diversified Income Fund is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Eaton Vance Short Duration Diversified Income Fund's debt ratio?
Eaton Vance Short Duration Diversified Income Fund's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Eaton Vance Short Duration Diversified Income Fund's key financial metrics?
Eaton Vance Short Duration Diversified Income Fund has a market capitalization of $140M, trailing P/E ratio of 9.5, and revenue of $15M. The company maintains a gross margin of 100.0% and a net margin of 113.5%. Return on equity stands at 9.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.