ETB

Eaton Vance Tax-Managed Buy-Write Income Fund

ETB

Market cap $439M

Overview Fund Activity

14.92 USD

-0.02

0.13%

At close Updated Sep 16, 4:00 PM EDT

1 day

-0.13%

5 days

-0.53%

1 month

0.81%

3 months

5.89%

6 months

8.67%

Year to date

-0.2%

1 year

4.56%

5 years

5.37%

10 years

-5.57%

About: Eaton Vance Tax-Managed Buy-Write Income Fund is a United States-based diversified closed ended management investment company. The fund's investment objective is to provide current income and gains, with a secondary objective of capital appreciation. It 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 aerospace and defense, banks, biotechnology, chemicals, consumer finance, industrial conglomerates, and others.

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)

17% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 24

2% more capital invested

Capital invested by funds: $86.5M [Q1] → $88.5M (+$2.04M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.7% less ownership

Funds ownership: 21.56% [Q1] → 20.86% (-0.7%) [Q2]

4% less funds holding

Funds holding: 92 [Q1] → 88 (-4) [Q2]

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

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Financial journalist opinion

ETB: Discounted Valuation & Well Supported Dividend

ETB offers an attractive 8.7% yield, reliable monthly income, and trades at a historically large discount to NAV, making it appealing for income-focused investors. The fund's option-writing strategy generates income but limits upside participation, causing long-term underperformance versus growth-focused ETFs like QQQ. ETB's portfolio is concentrated in high-quality technology and financial stocks, supporting consistent earnings and stable distributions, even through market volatility.

ETB: Discounted Valuation & Well Supported Dividend

Top 10 Income Funds From Eaton Vance

Eaton Vance's top taxable closed-end funds offer reliable monthly income, strong long-term returns, and are managed by highly skilled teams with proven track records. I prioritize funds trading at a discount to NAV with distribution yields near or above 8%, focusing on both income and capital appreciation potential. For total return, EOS and EOI are top picks; for dividend income, EVT (domestic) and ETG (global) provide diversification and attractive yields.

Top 10 Income Funds From Eaton Vance

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

3 ‘Secret' Income Plays Throwing Off Huge 7.5%+ Dividend Yields

I'm just going to come out and say it: If you want to be financially independent (and who doesn't?), you must own closed-end funds (CEFs).

3 ‘Secret' Income Plays Throwing Off Huge 7.5%+ Dividend Yields

ETB: Hard To Recommend This Fund In A Bull Market

ETB offers a high 9.2% yield via a buy-write strategy, but has struggled to cover it year-to-date, and caps upside in bull markets. The fund underperforms both the S&P 500 and its sister fund ETY during bull runs, making it less attractive for long-term growth investors. ETB is best suited for flat or mildly bearish markets, offering some downside protection but limited capital appreciation potential.

ETB: Hard To Recommend This Fund In A Bull Market

ETB: Option Writing Fund To Keep Cash Flow Rolling In

ETB's discount has widened out some recently, but a 'Hold' rating remains appropriate. ETB's strategy involves writing index options against the S&P 500, which can lead to underperformance in strong bull markets, but potential outperformance in flat markets. The fund offers an attractive 8.70% yield with a tax-friendly distribution characterization with an emphasis on being a "tax-managed" fund.

ETB: Option Writing Fund To Keep Cash Flow Rolling In

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

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

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 December 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

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