Company: ETY
Filing Date: 2025-02-14
Form Type: N-2ASR
Source: 0001193125-25-026876
Chunk: 41

Company: Eaton Vance Tax-Managed Diversified Equity Income Fund
Filing Date: 2025-02-14
Form: N-2ASR
Chunk 41
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 be considered a representation of past or future expenses, and the Fund’s actual expenses may be greater or less than those shown. Moreover, the Fund’s actual rate of return may be greater or less than the hypothetical 5% return shown in the example.

Financial Highlights and Investment Performance FINANCIAL HIGHLIGHTS This table details the financial performance of the Common Shares, including total return information showing how much an investment in the Fund has increased or decreased each period. This information has been audited by Deloitte & Touche LLP, an independent registered public accounting firm. The report of Deloitte & Touche LLP and the Fund’s financial statements are incorporated by reference in the Fund’s SAI and included in the Fund’s annual report, which is available upon request. Selected data for a Common Share outstanding during the periods stated.

|                                                           |     | Year Ended October 31, |      2024 |    |     |   |      2023 |    |     |   |      2022 |    |     |   |      2021 |    |     |   |      2020 |    |
|:----------------------------------------------------------|:----|:-----------------------|----------:|---:|:----|:--|----------:|---:|:----|:--|----------:|---:|:----|:--|----------:|---:|:----|:--|----------:|---:|
| Net asset value – Beginning of year                       |     | $                      |     11.66 |    |     | $ |     11.36 |    |     | $ |     14.36 |    |     | $ |     11.60 |    |     | $ |     11.87 |    |
| Income (Loss) From Operations                             |     |                        |           |    |     |   |           |    |     |   |           |    |     |   |           |    |     |   |           |    |
| Net investment income (loss)(1)                           |     | $                      |     (0.02 |  ) |     | $ |      0.06 |    |     | $ |      0.06 |    |     | $ |      0.05 |    |     | $ |      0.09 |    |
| Net realized and unrealized gain (loss)                   |     |                        |      4.37 |