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Eaton Vance Tax-Managed Buy-Write Opp:ETV
As of 12/6/2019
| Current | $14.79 | $14.57 | 1.51% |
| 52 Wk Avg | $14.76 | $14.09 | 4.72% |
| 52 Wk High | $15.67 | $14.57 | 8.80% |
| 52 Wk Low | $12.38 | $12.54 | -1.66% |
| Regular Distribution Type† | Managed Distribution |
| Distribution Rate | 8.99% |
| Distribution Amount | $0.1108 |
| Distribution Frequency | Monthly |
Past performance is no guarantee of future results.
Investment Objective
The Fund will normally invest at least 80% of its total assets in a diversified portfolio of common stocks, seeking to exceed the total return performance of the S&P 500 and the NASDAQ-100. Initially, Segment One (S&P 500) is expected to represent approximately 55% to 65% of the portfolio value and Segment Two (NASDAQ-100) approximately 35% to 45%. Over time, these percentages may vary. Stock holdings may include stocks not included in either index, but the investments are primarily made in common stocks of U.S. issuers. The Fund intends to sell index options that qualify for treatment as section 1256 contracts on which capital gains and losses are generally treated as 60% long-term and 40% short-term, regardless of holding period. Options strategy of writing (selling) index call options on the S&P 500 (at least 80%) and the NASDAQ-100 (at least 80%) will be employed. Up to 10% of its total assets may be invested in securities of non-U.S. issuers, including up to 5% of issuers located in emerging markets.
Capital Structure
As of 12/6/2019
| Total Investment Exposure: | $1,047.724M |
| Total Common Assets: | $1,047.724M |
| Common Shares Outstanding: | 71,909,652 |
Annual Expense Ratios
As of 12/31/2018
| |
| Management Fees | 1.00% |
| Other Expenses: | 0.09% |
| Baseline Expense: |
N/A
|
| Interest Expense: | N/A |
| Total: |
1.09%
|
Fund Management
Fund Sponsor
Eaton Vance
Portfolio Managers
Michael A. Allison, Thomas C. Seto
Basics
| Category: |
Equity-Covered-Call Funds |
| Ticker: |
ETV |
| NAV Ticker: |
XETVX |
| Average Daily Volume (shares): |
60,302 |
| Average Daily Volume (USD): |
M |
| 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
As of 12/6/2019
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.
| 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 6/30/2019 |
$0.0477
|
Annualized Distribution Rate on NAV:
As of 12/6/2019 | 9.13% |
Total Return on NAV (12 months):
As of 12/6/2019 | 9.54% |
Total % Portfolio Effectively Leveraged:
As of 12/6/2019
| 0.00% |
Premium/Discount Information
Past performance is no guarantee of future results.
Premium/Discount Information
As of 12/7/2019
| 6 Month | 4.65% |
| 1 Year | 4.72% |
| 3 Year | 4.35% |
| 5 Year | 3.57% |
Z-Score
As of 12/6/2019
| 3 Month | -1.56 |
| 6 Month | -1.57 |
| 1 Year | -1.47 |
Pricing History
| Date |
Share Price |
NAV |
Premium / Discount |
Portfolio Characteristics
Number of Holdings:
As of 9/30/2019 | 190 |
Annual Portfolio Turnover:
As of 12/31/2018 | 9.00% |
Asset Allocation
As of 9/30/2019 reported by Fund Sponsor
Top Sectors
As of 9/30/2019 reported by Fund Sponsor
| Sensitive (Super Sector) | 50.34% |
| Technology | 37.49% |
| Cyclical (Super Sector) | 27.98% |
| Defensive (Super Sector) | 21.30% |
| Consumer Cyclical | 14.72% |
| Healthcare | 11.56% |
| Financial Services | 10.40% |
| Consumer Defensive | 7.18% |
| Industrials | 7.14% |
| Communication Services | 3.07% |
Top Holdings
As of 9/30/2019 reported by Fund Sponsor
| Microsoft Corp | $95.43M | 7.99% |
| Apple Inc | $92.30M | 7.73% |
| Amazon.com Inc | $73.66M | 6.17% |
| Facebook Inc A | $40.94M | 3.43% |
| Alphabet Inc A | $39.44M | 3.30% |
| Alphabet Inc Class C | $30.14M | 2.52% |
| Comcast Corp Class A | $24.75M | 2.07% |
| Cisco Systems Inc | $21.01M | 1.76% |
| Texas Instruments Inc | $20.19M | 1.69% |
| PepsiCo Inc | $17.32M | 1.45% |
Country Allocation
As of 9/30/2019 reported by Fund Sponsor
| United States - Equity | 98.02% |
| China - Equity | 0.64% |
| Switzerland - Equity | 0.48% |
| Netherlands - Equity | 0.34% |
| Russia - Equity | 0.13% |
Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.
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. NAV returns are net of fund expenses, and assume reinvestment of distributions.
Important information:
This site does not list all of 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.
Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific Fund, please visit the Fund sponsor's website.
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