ETJ CEF — Eaton Vance Risk-Managed Diversified Equity Income Fund

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

Updated November 12, 2026.

ETJ is a CEF. Its distribution rate is 10.04%, its trailing-12-month yield is 10.03%, its expense ratio is 1.1215%. Dividend Vision Distribution Safety Score™ is 70/100 (Generally safe). Total return is 158.2% over the past 19.3 years, 483.6 points behind SPY at 641.8%.

At the current 10.04% distribution rate, a $10,000 investment would generate approximately $1,004 per year, or $83.67 per month.

ETJ performance versus SPY

As of Nov 12, 2026

Total return is 158.2% over the past 19.3 years, 483.6 points behind SPY at 641.8%. Over the past year its total return — price change plus distributions reinvested — is -4.4%. Its deepest 1-year drawdown was 10.4%.

ETJ key facts

Distribution Safety Score™

70 · Generally safe

Safety-Adjusted Yield

7.03%

Issuer

Eaton Vance

Asset type

CEF

Asset class

Equity

Inception date

07/27/2007

Expense ratio

1.1215%

Distribution rate

10.04%

Distribution frequency

Monthly

Trailing yield

10.03%

5-year average yield

9.14

Last close

$7.78 (as of 2026-11-12)

NAV

$8.43; NAV date unknown

Premium / discount

Premium not shown · NAV date unknown

Market cap

$523,607,904

Average volume

131,877

Dividend

$0.0651

Ex-dividend date

11/16/2026

Payment date

11/30/2026

Beta

0.7385

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (10.04%) uses latest regular dividend ($0.0651) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (10.03%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Eaton Vance; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ETJ risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.4%.

Who may consider ETJ — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on ETJ

• CEFs going ex-dividend this week
• All tickers starting with E

Tagged: CEF, Dividend, Downside Protection, Covered Call.

Frequently asked questions

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