Eaton Vance Short Duration Diversified Income Fund seeks to provide a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent consistent with its primary goal of high current income. The fund provides broad exposure to the world’s fixed-income markets, offering investors a core holding that may complement traditional bond market investments. As a low duration strategy, the fund provides limited interest-rate risk, with no more than three years duration (including the effects of leverage).