Eaton Vance Short Duration Diversified Income Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management The fund invests in fixed income markets of the United States It primarily invests in senior secured floatingrate loans bank deposits denominated in foreign currencies debt obligations of foreign governmental and corporate issuers and mortgagebacked securities The fund invests in fixed income securities operating across diversified sectors It invests in fixed income securities with an average duration of 176 years and an average credit quality of least BBB The fund benchmarks the performance of its portfolio against the SPLSTA Leveraged Loan Index It was formerly known as Eaton Vance Low Duration Diversified Income Fund Eaton Vance Short Duration Diversified Income Fund was formed on February 28 2005 and is domiciled in the United States