Eaton Vance Tax-Managed Diversified Equity Income Fund …

For the 12-month period ended October 31, 2021, Eaton Vance Tax-Managed Diversified Equity Income Fund (the Fund) returned 33.85% at net asset value of its common shares (NAV), underperforming its primary benchmark, the S&P 500 ® Index (the Index), which returned 42.91%; but outperforming

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