Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-end equity mutual fund that invests in global public equity markets. The fund focuses on dividend-paying stocks across diverse sectors and employs a strategy of writing S&P 500 Index call options on a portion of its portfolio to generate additional income.

Managed by Eaton Vance Management, the fund aims to provide tax-efficient returns through its investment approach. The fund's strategy combines equity investments with option writing to potentially enhance income and manage tax liabilities for investors. This approach offers exposure to global equity markets while seeking to generate current cash flow and manage tax implications.