ETW

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

ETW

Market cap $978M

Overview Fund Activity

9.01 USD

-0.07

0.77%

At close Updated Sep 16, 4:00 PM EDT

1 day

-0.77%

5 days

-0.77%

1 month

1.24%

3 months

6.75%

6 months

7.9%

Year to date

7.01%

1 year

6.75%

5 years

1.69%

10 years

-21.38%

About: Eaton Vance Tax-mangd Glo Buy-write Oppo is a United States-based diversified, closed-end management investment company. The primary investment objective of the company is to provide current income and gains. The secondary objective of the fund is capital appreciation. The fund invests in a diversified portfolio of common stocks and writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio to generate current earnings from the option premium. Its portfolio of investments consists of capital markets, chemicals, banks, biotechnology, media, and other sectors.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

30% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 20

2% more funds holding

Funds holding: 162 [Q1] → 165 (+3) [Q2]

3% more capital invested

Capital invested by funds: $210M [Q1] → $215M (+$5.44M) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 49

0.74% less ownership

Funds ownership: 23.65% [Q1] → 22.91% (-0.74%) [Q2]

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Financial journalist opinion

2 Call Writing Funds Providing Monthly Distributions For Passive Income

Call writing closed-end funds can offer attractive monthly distributions, along with the opportunity to trade at discounts to their historical net asset values. That discount can create an opportunity for investors to enter at attractive prices while getting the underlying portfolio on 'sale.' Today, we are looking at two CEFs that provide monthly distributions and are presenting relatively attractive discounts.

2 Call Writing Funds Providing Monthly Distributions For Passive Income

ETW: Attractive Valuation But Disappointing NAV Health

ETW offers global equity exposure and a high 8.8% yield, but its option-writing strategy limits capital appreciation potential. The fund currently trades at a favorable discount to NAV, yet persistent NAV erosion and declining distributions are concerning. ETW's income is tax-efficient, with most distributions classified as return of capital or long-term gains, benefiting income-focused investors.

ETW: Attractive Valuation But Disappointing NAV Health

2 Call Writing Funds Delivering Steady Monthly Income With Different Strategies

Closed-end funds (CEFs) that write call options can offer attractive monthly distributions to their investors. Thanks to discounts for CEFs, these distributions can be 'boosted' when compared to what the actual underlying NAV distribution rate becomes. Writing calls can take the form of writing against individual holdings or indexes.

2 Call Writing Funds Delivering Steady Monthly Income With Different Strategies

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their June distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amount.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

ETW: Tax Efficiency Without The Safety Net

ETW offers steady high yields and NAV protection with tax-efficient payouts, a good option for income-focused investors seeking global diversification. Active stock selection and index option writing provide potential for alpha, but historical performance shows underwhelming results versus broad market indices like SPY. Drawdown and volatility reduction benefits are limited, with ETW failing to deliver meaningful downside protection or outperformance in flat or down markets.

ETW: Tax Efficiency Without The Safety Net

ETW: Call Writing Strategy With A Global Tilt

ETW offers a portfolio with a tilt of global exposure along with implementing a call-writing strategy, generating 'income' through premiums. The fund's discount to NAV and overall equity market correction make it an interesting choice to consider putting some capital to work in this fund. ETW's monthly distribution yield of 10.23% will require capital gains to fund, but that can come from the underlying portfolio investments and/or its option writing strategy.

ETW: Call Writing Strategy With A Global Tilt

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their February distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amo.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

ETW: Collecting A Global Income Stream But With A Caveat

ETW offers a high dividend yield of 9.2% and monthly distributions, but its option strategy limits upside price appreciation, making it suitable for income-focused investors. The fund's global exposure and tax-efficient distributions are appealing, but reliance on net realized gains makes it vulnerable to market downturns and inconsistent dividend payments. ETW trades at an 8.93% discount to NAV, which can be beneficial for long-term holders, but its performance lags behind major indexes like the S&P 500.

ETW: Collecting A Global Income Stream But With A Caveat

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

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 2/3/2025 Ex-Date – 2/13/2025 Record – 2/13/2025 Payable – 2/24/2025 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 1/31/25 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.14 5.92% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.31 5.97% Taxabl.

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

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

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 1/2/2025 Ex-Date – 1/13/2025 Record – 1/13/2025 Payable – 1/22/2025 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 12/31/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.04 5.98% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.11 6.09% Taxable.

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

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