CEF Advisors AICA Event NAVigator Podcast

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ)

Specialty Equity Funds - Covered Call Funds

Data as of Aug. 18, 2022
Market Price $9.67 (- $0.02)
NAV (Aug. 18, 2022) $8.81 (+ $0.01)
Fund Listed NYSE
Premium / Discount 9.76% (-0.35%)
Fund Info
Inception July 27, 2007
Sponsor Eaton Vance Management
Website http://funds.eatonvanc...
Phone 1-866-328-6681
Location Massachusetts
Incorporated Massachusetts
Staggered Board Yes
Objective: Current income and gains; common stocks and out-of-the-money S&P 500 index options
Related Indexes
High Income Index
US Equity Index
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Covered Call / Option Funds Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 65,248,184
Total Assets (Reported: Dec. 31, 2021) $687M
Estimated Total Assets $575M
Net Assets $575M
Market Cap $631M
Portfolio Turnover 41.00%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.10%
Non Lev Exp Ratio 1.10%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) 3.05%
Discount Low(3 Yr) -23.90%
Discount High(3 Yr) 13.51%
Discount Rel Range 89.99%
Comp Discount 9.16
Discount St Dev (1Yr) 3.02
Z-Stat (6mo) 1.56
Z-Stat (1Yr) 1.55
Z-Stat (3Yr) 1.63
Comp Z-Stat (6mo) 0.78
Comp Z-Stat (3Yr) 0.67
Distribution Data
Market Yield 9.43%
Income Yield 0.46%
Lev Adj NAV Yield 10.35%
Distribution Frequency M
Current Distribution $0.076
Current Income $0.004
Ex-Date 8/23/22
Payable Date 8/31/22
Div Growth (3yr) 0.00%
Dividend Change -18.3% on 3/1/17
Expected Div 9/1/22
RoC (1yr) 35.43%
RoC (3yr) 64.51%
Tax Dividend Data 2021 2019 - 2021
Income 4.9% 7.0%
ST Gains 0% 0%
QDI 4.9% 7.0%
LT Gains 10.1% 10.5%
RoC 85.0% 82.6%
Volume & Liquidity
Average Daily $ (K) $1,775
Avg Volume 30 day 167,430
Avg Volume 90 day 183,535
Volume Trend -8.77%
Comp Volume Trend -1.25%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Covered Call / Option Funds Index
Most Correlated Peer (Mk Pr): NFJ 76.0%
NAV - Price Correlation (30 d) 80.9%
NAV - Price Correlation (90 d) 63.0%
NAV - Price Correlation (1 Yr) 95.0%
Price St Dev (1Yr) 19.4%
NAV St Dev (1Yr) 13.0%
Earnings / Share (12/31/21) $0.004
Earn Coverage 4.61%
Earnings Trend Down
UNII / Share (12/31/21) $-0.012
Rel UNII -27.48
UNII Trend Up
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Covered Call / Option Funds Index


CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.