Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Kevin J. Amell
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Two International Place Boston MA United States of America 02110
- IPO Date
- Jul 27, 2007
- CIK
- 0001395325
- Website
- funds.eatonvance.com
- Similar Companies
- Business
- Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) is a closed-end management investment company that seeks a high level of current income and gains, with a secondary objective of capital appreciation. The Fund invests at least 80% of its total assets in a combination of dividend-paying common stocks of companies across diversified sectors; common stocks the value of which is subject to written put options on individual stocks; and common stocks the value of which is subject to written index call options. In addition, under normal market conditions, the Fund purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 index call options of the same term, with staggered roll dates across the options portfolio, to provide downside protection while generating premium income. The Fund pays stable monthly distributions, with a recent annualized distribution rate of approximately 8.10% at NAV and 8.54% at market price as of January 2025, often comprising ordinary dividends, capital gains, and return of capital. Launched on July 31, 2007 and domiciled in the United States, the Fund is managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management following Morgan Stanley's acquisition of Eaton Vance in March 2021. Eaton Vance Management, headquartered at One Post Office Square, Boston, Massachusetts, oversees the Fund's portfolio, which as of recent data totals approximately $655 million in net assets and features top holdings including Microsoft Corp., NVIDIA Corp., Apple Inc., Amazon.com Inc., and Alphabet Inc. The Fund trades on the New York Stock Exchange under the ticker ETJ (CUSIP: 27829G106) and benchmarks its performance against the S&P 500 Index and Barclays U.S. Aggregate Bond Index. In recent years, the Fund has maintained its core risk-managed equity collar strategy amid market volatility, with ongoing monthly distribution announcements and estimated sources of distributions released through 2025, including for November and December periods. Portfolio management transitioned in 2023 to Charles Gaffney, Managing Director and Portfolio Manager since joining Eaton Vance in 2003, and Douglas R. Rogers, CFA, CMT, Managing Director who joined in 2001, both now affiliated with Morgan Stanley following the 2021 acquisition. No major acquisitions, partnerships, or structural reorganizations specific to ETJ have been announced in the last 1-2 years; however, the integration into Morgan Stanley's broader investment management platform has enhanced its operational resources and distribution capabilities.