Eaton Vance Management has launched and managed a closed-ended fixed income mutual fund known as the Eaton Vance Short Duration Diversified Income Fund. Focusing on fixed income markets in the United States, the fund invests primarily in various financial assets, including secured floating-rate loans, mortgage-backed securities, and debt obligations of foreign governmental and corporate issuers. With an average credit quality of BBB or greater and a duration of 1.76 years, the fund maintains a diversified portfolio that benchmarks its performance against the S&P/LSTA Leveraged Loan Index. Originally named the Eaton Vance Low Duration Diversified Income Fund, it was established on February 28, 2005, and is domiciled in the United States.