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Eaton Vance Tax-Managed Buy-Write Opp:ETV

Overview

As of 5/8/2025

 Share
Price		NAVPremium/
Discount
Current$13.19$13.76-4.14%
52 Wk Avg$13.65$14.40-5.28%
52 Wk High$14.64$15.33-3.23%
52 Wk Low$10.64$12.38-8.49%
Regular Distribution Type†Managed Distribution
Distribution Rate9.03%
Distribution Amount$0.0993
Distribution FrequencyMonthly
Past performance is no guarantee of future results.

Basic Information

Investment Objective

The Fund’s primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. Under normal market conditions, the Fund’s investment program consists of: (1) owning a diversified portfolio of common stocks, a segment of which (“Segment One”) seeks to exceed the total return performance of the S&P 500 Composite Stock Price Index and a segment of which (“Segment Two”) seeks to exceed the total return performance of the NASDAQ-100 Index and (2) selling on a continuous basis S&P 500 call options on at least 80% of the value of Segment One and NASDAQ-100 call options on at least 80% of the value of Segment Two.

Capital Structure

As of 5/8/2025

Total Investment Exposure:$1,606.543M
Total Common Assets:$1,606.543M
Common Shares Outstanding:116,754,568
Annual Expense Ratios

As of 12/31/2024

  Per Common Share
Management Fees1.00%
Other Expenses:0.08%
Baseline Expense: N/A
Interest Expense:N/A
Total: 1.08%
Fund Management

Fund Sponsor
Eaton Vance Management

Portfolio Managers
Charles B. Gaffney, Douglas Rogers, Gordon Wotherspoon, XiaoZhen Li

Basics
Category: Equity-Covered-Call Funds
Ticker: ETV
NAV Ticker: XETVX
Average Daily Volume (shares): 204,593
Average Daily Volume (USD): $2.771M
Inception Date: 6/27/2005
Inception Share Price: $20.00
Inception NAV: $19.06
Tender Offer: No
Term: No
Fiscal Year End: December 31
Third Party Links & Reports

Distributions

As of 5/8/2025

Past performance is no guarantee of future results.
Distribution History

Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

to
Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

*Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

Key Information Regarding Distributions†
Avg. Earnings Per Share:
As of 12/31/2024		 $0.0113
Annualized Distribution Rate on NAV:
As of 5/8/2025		8.66%
Total Return on NAV (12 months):
As of 5/8/2025		9.48%
Total % Portfolio Effectively Leveraged:
As of 5/8/2025 		0.00%

Pricing Information

Premium/Discount Information
Past performance is no guarantee of future results.
Premium/Discount Information

As of 5/9/2025

PeriodAvg Discount
6 Month-4.88%
1 Year-5.28%
3 Year-1.35%
5 Year0.91%
Z-Score

As of 5/8/2025

PeriodZStat
3 Month0.69
6 Month0.94
1 Year1.23
Pricing History
 from  
Date NAV Premium / Discount

Performance

Calendar Year Total Returns

As of 4/30/2025
Category: Morningstar US CEF Covered Call

Past 20 Years

Return YearPriceNAVCategory - PriceCategory - NAV
YTD-7.20%-6.27%-2.91%-2.68%
202427.66%22.97%20.28%15.88%
202310.04%19.34%13.04%18.33%
2022-19.36%-17.33%-14.68%-13.17%
202118.81%21.37%28.89%20.78%
202013.60%9.27%4.93%7.90%
201921.70%20.33%28.63%22.38%
2018-4.04%-2.62%-11.75%-7.93%
201713.39%17.06%23.10%16.38%
20166.63%6.15%8.90%8.17%
201519.03%7.25%1.86%0.11%
20149.87%9.35%7.53%4.80%
201323.87%18.24%19.68%17.79%
201218.26%10.66%  
20110.01%6.30%  
2010-2.80%8.87%  
200971.39%39.01%  
2008-30.90%-28.50%  
2007-7.77%9.48%  
200626.89%11.70%  
Past performance is no guarantee of future results.
Annualized Total Returns

Returns for periods less than one year are cumulative rather than annualized

As of 4/30/2025
Category: Morningstar US CEF Covered Call

Past performance is no guarantee of future results.

Portfolio Characteristics

Portfolio Characteristics
Number of Holdings:
As of 3/31/2025		156
Annual Portfolio Turnover:
As of 12/31/2024		3.00%
Asset Allocation

As of 3/31/2025

Top Sectors

As of 3/31/2025

Sector%Portfolio
Sensitive (Super Sector)58.42%
Technology37.34%
Cyclical (Super Sector)24.21%
Defensive (Super Sector)17.22%
Communication Services12.12%
Consumer Cyclical11.81%
Healthcare9.52%
Financial Services9.29%
Industrials6.66%
Consumer Defensive5.80%
Top Holdings

As of 3/31/2025

HoldingValue% Portfolio
Apple Inc$141.20M8.69%
Microsoft Corp$120.56M7.42%
NVIDIA Corp$112.36M6.91%
Amazon.com Inc$84.42M5.19%
Meta Platforms Inc Class A$60.77M3.74%
Broadcom Inc$46.54M2.86%
Alphabet Inc Class A$39.42M2.43%
Netflix Inc$38.63M2.38%
Tesla Inc$34.59M2.13%
Alphabet Inc Class C$34.18M2.10%
Country Allocation

As of 3/31/2025

Country% Portfolio
United States - Equity99.19%
Switzerland - Equity0.66%

CEFConnect.com makes data for the universe of closed-end funds available as a courtesy to its users. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell, or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her financial professional.

NOTES:

† Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds 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. Shares of closed-end funds 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 frequently trade at a discount to their net asset value.

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