Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended mutual fund that invests in US public equity markets. The fund's main focus is on buying common stocks, purchasing out-of-the-money, short-dated put options, and selling out-of-the-money call options. It is benchmarked against the S&P 500 Index and the Barclays U.S. Aggregate Bond Index.