Eaton Vance Enhance Equity Income Fund II (EOS) vs Morgan Stanley Direct Lending Fund (MSDL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Eaton Vance Enhance Equity Income Fund II is the larger company by market cap ($1.15 billion vs $1.14 billion), about 1.0 times the size. On valuation, Eaton Vance Enhance Equity Income Fund II trades at a lower trailing P/E (9.2x vs 19.6x for Morgan Stanley Direct Lending Fund). Morgan Stanley Direct Lending Fund offers the higher dividend yield (14.06% vs 8.47%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | EOS | MSDL |
|---|---|---|
| Share price | $21.58 | $13.51 |
| Market cap | $1.15B | $1.14B |
| 1-day change | +0.10% | +1.35% |
| P/E ratio (TTM) | 9.18 | 19.58 |
| Forward P/E | — | 7.50 |
| EPS (TTM) | $2.35 | $0.69 |
| Dividend yield | 8.47% | 14.06% |
| Annual dividend | $1.83 | $1.90 |
| 52-week high | $24.35 | $17.91 |
| 52-week low | $19.44 | $13.23 |
| Distance from 52-week high | -11.39% | -24.57% |
| Analyst consensus | buy | none |
| Avg. price target upside | — | +15.54% |
| Average volume | 135.41K | 453.64K |
| Shares outstanding | 53.32M | 84.11M |
| Sector | Finance | Financial Services |
| Industry | Trusts Except Educational Religious and Charitable | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Morgan Stanley Direct Lending Fund trades at a higher earnings multiple (19.6x vs 9.2x trailing P/E).
- Morgan Stanley Direct Lending Fund offers a meaningfully higher dividend yield (14.06% vs 8.47%).
- The two companies sit in different sectors: Eaton Vance Enhance Equity Income Fund II in Finance and Morgan Stanley Direct Lending Fund in Financial Services.
About Eaton Vance Enhance Equity Income Fund II
EOS stock →Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States.
Finance · Trusts Except Educational Religious and Charitable
About Morgan Stanley Direct Lending Fund
MSDL stock →Morgan Stanley Direct Lending Fund is a business development company. It is a Private Debt fund.
Financial Services · Asset Management
EOS vs MSDL FAQ
Which is bigger, Eaton Vance Enhance Equity Income Fund II or Morgan Stanley Direct Lending Fund?
Eaton Vance Enhance Equity Income Fund II (EOS) is larger, with a market capitalization of $1.15B compared with $1.14B for Morgan Stanley Direct Lending Fund (MSDL).
Which has the lower P/E ratio, EOS or MSDL?
EOS has the lower trailing P/E at 9.2, versus 19.6 for MSDL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Eaton Vance Enhance Equity Income Fund II or Morgan Stanley Direct Lending Fund?
Morgan Stanley Direct Lending Fund has the higher yield at 14.06%, compared with 8.47% for Eaton Vance Enhance Equity Income Fund II.
Are Eaton Vance Enhance Equity Income Fund II and Morgan Stanley Direct Lending Fund in the same industry?
No. Eaton Vance Enhance Equity Income Fund II is in the Finance sector, while Morgan Stanley Direct Lending Fund is in Financial Services.