Eaton Vance Tax-Managed Diversified Equity Income Fund

ETY is a closed-ended equity mutual fund managed by Eaton Vance Management and listed on the NYSE. The fund pursues a diversified equity income strategy by investing in dividend-paying stocks across global public markets and multiple sectors. To enhance current cash flow, the fund employs a covered call strategy, writing S&P 500 Index call options against a portion of its common stock portfolio to capture option premiums. The fund maintains geographic diversification by investing in securities across at least three countries, with a significant allocation to U.S. equities complemented by European holdings.

The fund's portfolio is benchmarked against a composite index consisting of 80% S&P 500 Index and 20% FTSE Eurotop 100 Index, reflecting its dual geographic focus. The fund may also utilize derivatives as part of its investment approach. Since its inception in November 2006, ETY has operated as a U.S.-domiciled investment vehicle designed to generate tax-efficient income through dividend selection and option writing strategies.