Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund acts as closed-end investment fund/investment trust. Its investment objective is to provide current income, with a secondary objective of capital appreciation. The company was founded on October 29, 2004 and is headquartered in Boston, MA.

Eaton Vance Enhanced Equity Income Fund was one of the equity-focused EV closed-end funds that did not cut its distributions in 2022. EOI has a strong track record and has outperformed the S&P 500 Index since our last update despite its covered call strategy. Thanks to avoiding a distribution cut in 2022, the fund has enjoyed a steady or higher distribution for over a decade, though it will naturally require capital gains to fund.

EOI: Attractive Distribution And Track Record, But Shallow Discount Persists

Eaton Vance California Municipal Income Trust

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Eaton Vance New York Municipal Bond Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance National Municipal Opportunities Trust

Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Limited Duration Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 11/1/2024 Ex-Date – 11/11/2024 Record – 11/11/2024 Payable – 11/18/2024   Municipal Bond Funds: Fund Ticker   Distribution   Change From Prior Distribution   Closing Market Price – 10/31/24   Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV   $0.0500   -   $10.55   5.69% Eaton Vance Municipal Income Trust EVN   $0.051.

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

BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their October 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 amou.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Adams Diversified Equity Fund

ArrowMark Financial

ConocoPhillips

Calamos Strategic Total Return Fund

Chevron

EOG Resources

abrdn Life Sciences Investors 

India Fund Inc

JPMorgan Chase & Co

New Linde PLC

Eli Lilly

Marathon Oil

Adams Natural Resources Fund Inc

LMP Capital and Income Fund

Liberty All Star Equity Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9% Plus Yield (September 2024)

Eaton Vance Enhanced Equity Income Fund offers an 8.23% yield, balancing income and inflation protection by investing in equities and using a covered call strategy. The EOI fund's recent performance has been strong, with a 23.34% share price appreciation since November 2023, nearly matching the S&P 500. Despite its high yield and performance, the fund is heavily weighted in a few mega-cap tech stocks, raising diversification concerns.

EOI: Good Performance, But Diversification Leaves A Lot To Be Desired

Eaton Vance Enhanced Equity Income Fund was one of the equity-focused EV closed-end funds that did not cut its distributions in 2022. The EOI ETF has a strong track record and has outperformed the S&P 500 Index since our last update despite its covered call strategy. Thanks to avoiding a distribution cut in 2022, the fund has enjoyed a steady or higher distribution for over a decade, though it will naturally require capital gains to fund.

EOI: Narrow Discount But Strong Track Record

Eaton Vance Enhanced Equity Income Fund is a closed-end fund that mainly invests in the equities of U.S. listed companies. The EOI CEF has a pretty strong long-term record of performance, even though it tends to underperform the S&P 500 slightly. We believe EOI is an attractive fund for income investors, with a nearly 9% yield paid on a monthly basis.

EOI: 9% Plus Income, Paid Monthly, And Solid Past Record

Ares Capital

BlackRock Floating Rate Income Trust

VanEck Vectors BDC Income ETF

Barings Corporate Investors

Virtus AllianzGI Equity & Convertible Income Fund

Putnam BDC Income ETF

SPDR S&P 500 ETF Trust

Cushing MLP & Infrastructure Total Return Fund

Invesco Senior Income Trust

Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.

Investors' Choice: Roller Coaster Or Merry-Go-Round?

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Pacific Life's Workforce Benefits business today announced its integration with Selerix, a comprehensive benefits administration platform. Leveraging application programming interface (API) technology, the collaboration enables seamless data exchange, resulting in real-time benefit administration change updates and increased accuracy by minimizing manual data entry. “Our API integration with Selerix, coupled with their scalable design approach, enables br.

Pacific Life and Selerix Elevate Benefits Administration with Real-Time Integration

After speculating earlier this year that Eaton Vance would raise its distributions on its equity CEFs, that was finally confirmed last week on April 1. The distribution increases range from 4.6% for ETV to 32.2% for EOS which gets most of the funds back up to their previous distribution levels from 2022.

Eaton Vance Raises Distributions On All Equity CEFs

EOI is an equity CEF that falls in the buy-write category. EOI has a strong correlation with the S&P 500 and a tradable discount to NAV. The CEF has outperformed the S&P 500 since we assigned it a 'Buy' rating eight months ago.

EOI: Targets Met, Moving To Neutral (Rating Downgrade)

Western Asset Mortgage Opportunity Fund

Pioneer Diversified High Income Trust

Invesco High Income 2024 Target Term Fund 

Nuveen Mortgage Opportunity Term Fund

Principal Real Estate Income Fund

Taiwan Fund

For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs traded at a premium to their NAV, with 12% of equity CEFs and 10% of fixed-income CEFs trading in premium territory. Income & Preferred Stock CEFs (+1.44%), for the first month in four, outpaced the other classifications in the equity CEF universe for January.

The Month In Closed-End Funds: January 2024

You probably know the Don Henley song “Dirty Laundry.” It was one of my favorite tunes in the 1980s.

Profit From ‘Dirty Laundry' With This 7.7% Dividend

The Eaton Vance Enhanced Equity Income Fund focuses on providing current income and capital appreciation. EOI has underperformed the S&P 500 on an absolute basis but has outperformed on a risk-adjusted basis. EOI has a high expense ratio which represents a key headwind.

EOI: Strong Historical Performance But High Fees And Small Discount To NAV

Virtus Artificial Intelligence & Technology Opportunities Fund

Global X Artificial Intelligence & Technology ETF

ProShares Ultra Nasdaq Biotechnology

ProShares Ultra Oil & Gas

abrdn Healthcare Investors 

iShares Nasdaq Biotechnology ETF

Intel

iShares Russell 2000 ETF

NVIDIA

Novo Nordisk

Invesco QQQ

First Trust Cloud Computing ETF

ProShares Ultra S&P 500

Energy Select Sector SPDR Fund

Exxon Mobil

In Part I of my Top Picks For 2024, I explained why we saw such extreme valuation losses in most equity CEFs in 2023 and what that could-mean for 2024. In my opinion, liquidity was the over-riding factor for why so few stocks, think Magnificent 7, received the lion's share of buy-interest while most everything else suffered, including equity CEFs. But just because the Federal Reserve will continue its Quantitative Tapering doesn't mean that other Fed programs won't increase liquidity in other places.

Equity CEFs/ETFs: Top Picks For 2024 - Part II

The Eaton Vance Enhanced Equity Income Fund offers a current yield of 8.39%, which is not particularly impressive compared to similar funds. The fund's recent performance has not been impressive, with shares down 6.62% compared to a 0.46% decline in the S&P 500 Index. The fund utilizes a covered call strategy and has a portfolio heavily exposed to mega-cap technology stocks.

EOI: A Solid Equity CEF With A Fully Covered 8.39% Distribution Yield

The Enhanced Equity Income Fund is an equity closed end fund that falls in the 'buy-write' category. EOI closely tracks the S&P 500 performance from a total return perspective, and represents an attractive way to extract dividends from the asset class. EOI writes covered calls on roughly 50% of the collateral pool, thus being able to extract dividends by shorting volatility.

EOI: Compelling SPY Alternative At A Discount, 8% Yield (Rating Upgrade)

Eaton Vance Enhanced Equity Income Fund had avoided a distribution cut due to its lower distribution rate last year when most EV funds saw cuts. EOI's investment objective is to provide current income and capital appreciation through a portfolio of primarily large- and midcap securities and writing against individual positions in the fund. Due to the fund's valuation, it looks like a "Hold," but that doesn't mean it couldn't continue delivering solid results going forward for those with a position.

EOI: Strong Results From This Covered Call Fund, ~8% Distribution Rate

Investors today are in desperate need of income due to the fact that the cost of living in the United States has been rising rapidly. Eaton Vance Enhanced Equity Income Fund invests in a portfolio of common stocks and sells covered calls against its holdings to earn a high synthetic dividend yield. The EOI closed-end fund has a great deal of exposure to the major technology companies, so be sure to have some other things to diversify away from this exposure.

EOI: Sustainable Way To Earn A 7.80% Yield, But Diversify Away From Big Tech

BOSTON--(BUSINESS WIRE)--Eaton Vance Management (“Eaton Vance”), an indirect wholly-owned subsidiary of Morgan Stanley (NYSE: MS), announced the portfolio managers of certain funds as follows: Eaton Vance Enhanced Equity Income Fund ( NYSE: EOI) Charles B. Gaffney Douglas R. Rogers Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) Charles B. Gaffney Douglas R. Rogers Eaton Vance Tax Managed Diversified Equity Income Fund (NYSE: ETY) Charles B. Gaffney Douglas R. Rogers Eaton V.

Eaton Vance Management Announces Portfolio Management Teams of Certain Closed-End Funds

Eaton Vance Enhanced Equity Income Fund invests in a portfolio of companies and employs a covered call writing strategy to generate a high level of income for investors. The EOI closed-end fund is heavily weighted toward a few large technology companies, which delivered a poor performance last year.

EOI: Offering A Rare Discount, But Questions About The Distribution

EOI is a bit different than the rest of the Eaton Vance option-writing funds in that it writes on individual positions. This is one of the EV equity funds that avoided having its distribution trimmed, but the valuation has come down nonetheless.

EOI: A Strong Choice For A Covered Call Fund

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Blackrock Health Sciences Trust

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

First Trust / Aberdeen Emerging Opportunity Fund

Eagle Capital Growth Fund Inc

Gabelli Utility Trust

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

New American High Income Fund

BlackRock Corporate High Yield Fund

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

John Hancock Investors Trust

Macquarie Global Infrastructure Total Return Fund Inc

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Oxford Lane Capital

PCM Fund

Pimco California Municipal Income Fund

Pimco Municipal Income Fund II

Pimco California Municipal Income Fund III

RiverNorth Opportunities Fund, Inc.

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)

The Eaton Vance Enhanced Equity Income Fund (EOI) invests primarily in large- and mid-cap securities that have above-average growth and financial strength and writes call options on individual holdings. As with many enhanced income equity funds, EOI achieves the first compared to SPY or MDY, but trails both in CAGR. That said, 5/10-yr results make EOI attractive for income-seekers.

EOI: Added Income Comes With Usual CAGR Hit

Investors desperately need new sources of income to maintain their current standard of living in today's inflationary environment. The EOI CEF uses a covered call options strategy to give its investors an 8.33% yield.

EOI: Plagued With Idiosyncratic Risk And Too Expensive

News for Eaton Vance Enhanced Equity Income Fund ETF (EOI)