ETV

Eaton Vance Tax-Managed Buy-Write Opportunities

SPYIssuer: Eaton VanceInception: September 30, 2005

5.5

Overall Score

Strategy & Profile

Eaton Vance Tax-Managed Buy-Write Opportunities Fund — closed-end fund combining covered calls on S&P 500 and Nasdaq-100 with tax-managed equity portfolio. One of the oldest covered call products.

TTM Yield: ~8%

Strengths

  • ✓Very long track record (since 2005)
  • ✓Good upside participation (8.23/10)
  • ✓Tax-managed portfolio

Weaknesses

  • ✗CEF structure
  • ✗Low downside protection (3.55/10)
  • ✗High expense ratio (0.89%)

Investor Profile

Income investor comfortable with CEF structure seeking long track record

Verdict

Historical value for stress-testing — but newer ETF alternatives offer better structure and lower fees

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Key Metrics

Expense Ratio

0.890%

Inception Date

September 30, 2005

Benchmark

SPY

Category

Covered Call - Large Cap

Distribution Frequency

Monthly

Maturity Rating

5/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.