ETJ - ETJ: Equity Collar CEF Needs Re-Tooling

January, 02 2023 08:20 PM Eaton Vance Risk-Managed Diversified Equity Income Fund of Beneficial Interest

Summary

Eaton Vance Risk-Managed Diversified Equity Income Fund is an equity collar closed-end fund.
The CEF has a portfolio that mimics the S&P 500 and overlays the portfolio with written call options and long put positions.
The structure has historically resulted in very shallow drawdowns when compared to the S&P 500, but not in 2022.
The article does a deep dive into the CEF's structure and benchmarks the build in the context of today's bear market.
This article covers CEFs from our suite of products.

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Company Name:	Eaton Vance Risk-Managed Diversified Equity Income Fund of Beneficial Interest
Stock Symbol:	ETJ
Market:	NYSE