Overview

Historical Returns (%) as of Dec 31, 2019

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.

The Fund has adopted a policy to pay common shareholders a stable monthly distribution, and may pay distributions consisting of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains distributions and nondividend distributions, also known as return of capital. There is no assurance that the Fund will always be able to pay distributions of a particular size. Click here for more information.
 

Distribution Rates1,2

as of Jan 24, 2020
Distribution Rate at NAV 9.75%
Distribution Rate at Market Price 9.61%
 

Fund Facts

Performance Inception 07/31/2007
Investment Objective Current income and gains
CUSIP 27829G106

Expense Ratios (%)

as of Annual Report dated 12/31/2018
Management Fees 1.00
Other Expenses 0.10
Total Expenses 1.10
 

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Performance

Historical Returns (%) as of Dec 31, 2019

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.

The Fund has adopted a policy to pay common shareholders a stable monthly distribution, and may pay distributions consisting of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains distributions and nondividend distributions, also known as return of capital. There is no assurance that the Fund will always be able to pay distributions of a particular size. Click here for more information.
 

Historical Returns without Retained Gain (%)3 as of Dec 31, 2019

 

Calendar Year Returns (%)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Fund at NAV -0.48 -2.79 5.42 17.59 4.49 2.76 0.60 11.66 -2.13 15.19
Market Price -10.03 -12.43 11.20 19.47 4.25 5.93 -0.88 18.82 -7.06 26.83
 

Calendar Year Returns without Retained Gain (%)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Fund at NAV -0.48 -2.79 5.42 17.59 4.49 2.76 0.60 11.66 -2.13 15.19
Market Price -10.03 -12.43 11.20 19.47 4.25 5.93 -0.88 18.82 -7.06 26.83
 

Fund Facts

Performance Inception 07/31/2007
 

Distribution Rates1,2

as of Jan 24, 2020
Distribution Rate at NAV 9.75%
Distribution Rate at Market Price 9.61%
 

Distribution History4,5

Ex-Date Distribution Reinvest Price
Dec 23, 2019 $0.07600 $9.34
Nov 21, 2019 $0.07600 $9.21
Oct 23, 2019 $0.07600 $9.12
Sep 20, 2019 $0.07600 $9.15
Aug 22, 2019 $0.07600 $9.20
Jul 23, 2019 $0.07600 $9.43
Jun 20, 2019 $0.07600 $9.41
May 23, 2019 $0.07600 $9.08
Apr 22, 2019 $0.07600 $9.53
Mar 20, 2019 $0.07600 $9.27
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
 

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2018 $0.33 $0.15 $0.48 $0.00 $0.43 $0.91
2017 $0.77 $0.18 $0.95 $0.00 $0.00 $0.95
2016 $0.00 $0.09 $0.09 $0.00 $1.03 $1.12
2015 $0.81 $0.31 $1.12 $0.00 $0.00 $1.12
2014 $0.93 $0.19 $1.12 $0.00 $0.00 $1.12
2013 $0.00 $0.10 $0.10 $0.00 $1.02 $1.12
2012 $0.00 $0.13 $0.13 $0.00 $1.03 $1.16
2011 $0.00 $0.08 $0.08 $0.00 $1.20 $1.28
2010 $0.00 $0.11 $0.11 $0.00 $1.69 $1.80
2009 $0.00 $0.16 $0.16 $0.01 $1.63 $1.80
2008 $0.17 $0.31 $0.48 $1.32 $0.00 $1.80
2007 $0.04 $0.15 $0.19 $0.26 $0.00 $0.45
Distributions (%)
2018 36.53% 16.74% 53.27% 0.00% 46.73% 100.00%
2017 81.48% 18.52% 100.00% 0.00% 0.00% 100.00%
2016 0.00% 8.33% 8.33% 0.00% 91.67% 100.00%
2015 72.23% 27.77% 100.00% 0.00% 0.00% 100.00%
2014 82.92% 17.08% 100.00% 0.00% 0.00% 100.00%
2013 0.00% 8.76% 8.76% 0.00% 91.24% 100.00%
2012 0.00% 11.16% 11.16% 0.00% 88.84% 100.00%
2011 0.00% 5.97% 5.97% 0.00% 94.03% 100.00%
2010 0.00% 6.25% 6.25% 0.00% 93.75% 100.00%
2009 0.00% 8.80% 8.80% 0.47% 90.73% 100.00%
2008 9.33% 17.06% 26.39% 73.61% 0.00% 100.00%
2007 8.60% 33.65% 42.25% 57.75% 0.00% 100.00%

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Portfolio

 

Fund Holdings (%)6,7 as of Nov 30, 2019

Holding % of Net Assets
Microsoft Corp 5.77%
Apple Inc 4.58%
JPMorgan Chase & Co 3.88%
Amazon.com Inc 3.33%
Bank of America Corp 3.10%
Verizon Communications Inc 3.02%
Visa Inc 2.71%
Vertex Pharmaceuticals Inc 2.46%
Walt Disney Co 2.38%
Caterpillar Inc 2.31%
View All

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Management

Michael A. Allison, CFA

Michael A. Allison, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Biography

Michael Allison is a vice president of Eaton Vance Management, a director of equity strategy implementation and a structured equity portfolio manager on a number of Eaton Vance’s global and domestic equity income and tax-managed equity portfolios. On those funds, he is responsible for portfolio construction, tax oversight and risk management. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2000.

Mike began his career in the investment management industry in 1988. Before joining Eaton Vance, Mike was an equity analyst for Schroder Investment Management North America Inc. He was also affiliated with Fleet Investment Advisors and Phoenix Home Life Mutual Fund Insurance Co.

Mike earned a B.S.B.A. from the University of Denver. He is a member of the CFA Society of Boston and is a CFA charterholder.

Education
  • B.S.B.A., The University of Denver

Experience
  • Managed Fund since inception

 
G. R. Nelson

G. R. Nelson

Vice President, Eaton Vance Management
Joined Eaton Vance 2004

Biography

G.R. Nelson is a vice president of Eaton Vance Management and an equity analyst on Eaton Vance's value team. He is responsible for coverage of the consumer staples and discretionary sectors. He also serves as a portfolio manager, responsible for buy and sell decisions, portfolio construction and risk management. He joined Eaton Vance in 2004.

G.R. began his career in the investment management industry in 1997. Before joining Eaton Vance, he was affiliated with Alex Brown, One Equity Partners and Bank One. He also completed internships with McKinsey and Company and Fayez Sarofim & Company.

G.R. earned a B.B.A., magna cum laude, from the University of Notre Dame and an MBA, with distinction, from Harvard University's Graduate School of Business, where he co-wrote a case on the Chicago Board of Options Exchange.

Education
  • B.B.A. University of Notre Dame
  • M.B.A. Harvard University Graduate School of Business

Experience
  • Managed Fund since 2019

 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2019

Commentary

Download - Last updated: Sep 30, 2019

Report of Organizational Actions Affecting Basis of Securities

Download - Last updated: Jan 15, 2020

Report of Organizational Actions Affecting Basis of Securities

Download - Last updated: Dec 31, 2012

Annual Report

Download - Last updated: Dec 31, 2018

Important Quarterly Equity Option Fund Data

Download - Last updated: Sep 30, 2019

Equity Option Closed-End Fund Guide

Download - Last updated: Sep 30, 2019

Holdings-1st or 3rd fiscal quarters-www.sec.gov (beginning 3/31/2019)

Download

Holdings-1st or 3rd fiscal quarters-www.sec.gov (beginning 9/30/2019)

Download

Eaton Vance Announces Updated Results of Closed-End Fund Share Repurchase Programs

Download - Last updated: Jan 9, 2014

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Conditional Tender Offer

Download - Last updated: Nov 14, 2013

Eaton Vance Updates Results of Equity Option CEF Share Repurchase Program

Download - Last updated: Oct 4, 2013

Eaton Vance Announces Updated Results of Equity Option Closed-End Fund Share Repurchase Program

Download - Last updated: Sep 19, 2013

Eaton Vance Announces Results of Equity Option Closed-End Fund Share Repurchase Program

Download - Last updated: May 1, 2013

Eaton Vance Announces Results of Equity Option Closed-End Fund Share Repurchase Program

Download - Last updated: Mar 8, 2013

Eaton Vance Equity Option CEFs Adopt Share Repurchase Program

Download - Last updated: Aug 8, 2012

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds and Portfolio Managers of Eaton Have High Income 2021 Target Term Trust (NYSE: EHT)

Download - Last updated: Jan 2, 2020

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Dec 31, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Dec 2, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Nov 29, 2019

Eaton Vance Management Adds Portfolio Manager to Certain Closed-end Funds

Download - Last updated: Nov 15, 2019

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: Nov 1, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Oct 31, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Oct 1, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Sep 30, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 3, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Aug 30, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Aug 1, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jul 31, 2019

Distribution Rates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jul 1, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distribution 

Download - Last updated: Jun 28, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 3, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distribution

Download - Last updated: May 31, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: May 1, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distribution 

Download - Last updated: Apr 30, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Apr 1, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distribution

Download - Last updated: Mar 29, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Mar 1, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Feb 28, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Feb 1, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jan 31, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jan 2, 2019

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Dec 31, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Dec 3, 2018

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Nov 30, 2018

Distribution Dates and Amounts Annouced for Eaton Vance Closed-End Funds

Download - Last updated: Nov 1, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Oct 31, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Oct 1, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distribution

Download - Last updated: Sep 28, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 4, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Aug 31, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End FUnds

Download - Last updated: Aug 1, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jul 31, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jul 2, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jun 29, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 1, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: May 31, 2018

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: May 1, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Apr 30, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Apr 2, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Mar 29, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Mar 1, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Feb 28, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Feb 1, 2018

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jan 31, 2018

Eaton Vance Risk-Managed Diversified Equity Income Fund - EVM Announces Portfolio Manager Change

Download - Last updated: Apr 19, 2017

Trustees of Eaton Vance Risk-Managed Diversified Equity Income Fund Approve Change in Investment Policies

Download - Last updated: Aug 13, 2010

Section 16 Filings - www.sec.gov

Download - Last updated: Jun 30, 2011

Semi-Annual Report

Download - Last updated: Jun 30, 2019