Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Enhanced Equity Income Fund II is a diversified, closed-end management investment company. Its primary investment objective is to provide current income, with a secondary objective of capital appreciation. The fund will pursue its investment objectives by investing primarily in a portfolio of mid- and large-capitalization common stocks. The company was founded on November 8, 2004 and is headquartered in Boston, MA.

Eaton Vance Enhanced Equity Income Fund II is a diversified, closed-end management investment fund. Its investment objective is to provide current income, with a secondary objective of capital appreciation. It aims to invest primarily in a portfolio of mid- and large-capitalization common stocks. The company was founded on January 31, 2005 and is headquartered in Boston, MA.

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Closed-end funds are special income vehicles, with many positive aspects and just as many weaknesses that take time to be properly understood and evaluated. I discovered their existence about ten years ago, and over time, I became convinced of their worth by developing a personal method of selection based mainly on NAV performance. This is an analytical, data-driven approach which I then extended to other types of securities in my portfolio, namely ETFs and BDCs.

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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

My portfolio includes CEFs, ETFs, a few BDCs and an ETN, for whose selection I have developed over the years a criterion based mainly on NAV performance. In this article, however, I decided to focus on the price of each security in my portfolio, comparing it with the lows and highs touched throughout its history. An overview of the path each one has taken from launch to current market quotation with a personal assessment of the possible room for maneuver from those values.

My 9.5% Income Portfolio-Fifty Shades Of Blue

The Eaton Vance Enhanced Equity Income Fund II is a closed-end fund that primarily invests in common stocks of high growth companies, offering high income and a high growth potential. For 19-plus years of its existence, the fund has managed a sensible distribution policy, has provided over 10% of annualized total returns, and is currently paying 8.50% in distribution income, paid monthly. We believe it deserves a place in your income portfolio; we would rate the fund as a 'hold' for existing owners and a 'buy' for new investors. However, it may be better to dollar-cost average the buys instead of lump sum.

EOS: A Worthy Fund For The Income Investors, 8.5% Yield

Eagle Point Credit

Oxford Lane Capital

Total Return is a percentage measure reflecting the total performance of a fund, incorporating both capital gains and the effect of dividends reinvested over a specific period. Net Asset Value is the value of an investment fund, determined by subtracting liabilities from assets. The fund's per-share NAV is found by dividing NAV by number of shares outstanding. A positive Total Return with a negative NAV performance creates dissonance in my opinion, whereas having both values positive gives a favorable indication of the quality of a fund.

My 9.5% Income Portfolio-The View From The Top

Eaton Vance Enhanced Equity Income Fund II offers a tech-heavy portfolio while employing a covered call strategy. The fund targets a 50% overwrite of its portfolio and writes out-of-the-money calls, allowing for more potential upside participation. The fund offers a monthly distribution coming in at 8.72%, and it received a lift earlier this year to an all-time high monthly amount.

EOS: Strong Performance And Attractive Monthly Distribution

EOS was previously considered attractive due to its discount to NAV and strong performance. We had previously recommended buying the fund. The fund's discount to NAV has narrowed significantly, and technology valuations have become stretched. These factors make EOS less attractive compared to earlier in the year. A potential "great rotation" from tech to small-cap stocks could further impact EOS's performance. As investors shift focus, the fund's overweight position in technology may become a disadvantage.

EOS: No Longer An Attractive Entry Point (Rating Downgrade)

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Western Asset Global High Income Fund

Gabelli Dividend & Income Trust

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Barings Participation Investors

Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.

Building A 10% Income Portfolio Today

The Eaton Vance Enhanced Equity Income Fund II offers income-focused investors the opportunity to achieve their goals without sacrificing upside potential. The fund has a high yield of 8.71%, which compares favorably to yields available from broad market indices. The fund's strategy of writing call options against individual stocks in its portfolio provides a higher yield and potential for income generation.

EOS: Strong Performance, Distribution Increase, And An Equity Portfolio

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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 draw-downs 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 A 10% Yield (May 2024)

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

Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, seeking to create a portfolio whose securities provide a steady cash flow over time and grow the nominal capital invested.

My 9% Income Portfolio - Harmony In Investment

Eaton Vance Enhanced Equity Income Fund II is a buy-write fund that utilizes call options to extract dividends from equities. EOS's 50/50 portfolio structure and 4% out-of-the-moneyness have helped it outperform other buy-write CEFs and ETFs. Despite its strong performance, EOS is trading at a -4.7% discount to NAV, making it an attractive option for tech exposure.

EOS: One Of The Few Undervalued Tech CEFs

Adams Diversified Equity Fund

For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those instruments are personal and depend on each investor's needs, financial means, and age.

My 9% Income Portfolio-In Search For Happiness

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2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

The 8% Income Portfolio: 2023 Year-End Review

Eaton Vance Enhanced Equity Income Fund II is a closed-end fund that primarily invests in common stocks of high-growth companies, offering high income and reasonable growth potential. For nearly 19 years of its existence, it has offered nearly 9% of annualized total returns, managed a sensible distribution policy, and is currently paying 7.51% in distribution income. We believe it deserves a place in your income portfolio; we would rate the fund as a 'hold' for existing owners and a 'buy' for new investors. However, it may be better to dollar cost average the buys instead of lumpsum.

EOS: A Worthy Candidate For Your Income Portfolio

BlackRock Science and Technology Trust II

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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Today I want to go over what the economic data is telling us about the future of the financial markets in 2024.

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Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

Eaton Vance Enhanced Equity Income Fund II has had a strong year of performance due to its heavy allocation to the technology sector. The fund's share price has not kept up with its underlying portfolio performance, leading to a discount in its trading price. Despite concerns about the tech sector being overvalued, there is still potential for earnings growth in these companies, making the fund a fairly attractive option.

EOS: Solid Performance From This Covered Call Fund With An Attractive Discount

The Eaton Vance Enhanced Equity Income Fund II offers a reasonably high level of current income without sacrificing potential stock appreciation. The fund has a yield of 7.47%, lower than other funds with a similar strategy, reducing the appeal of the fund for income-focused investors. The fund has heavy exposure to a few large technology companies, requiring investors to diversify their portfolios appropriately.

EOS: Low Yield, But Might Be Able To Increase Next Year If Bull Market Holds

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October was a challenging month for the equity and fixed-income markets, with surging risk-free rates in the Treasury market putting pressure across the board. I've added to positions with utility, REIT, and municipal bond exposure, taking advantage of some extraordinary discounts in the closed-end fund space. The key theme was to continue to limit adding any significant fund-level leverage to my portfolio in the current month, as I've been doing throughout this year.

5 Closed-End Fund Buys In The Month Of October 2023 (And 1 ETF)

Eaton Vance Enhanced Equity Income Fund II offers investors a high level of income from an equity portfolio, with an 8.07% yield. The fund's recent performance has been better than the broader market index, but investors have still lost money overall. The fund employs an options strategy to generate income, but this strategy comes with limitations and risks.

EOS: Some Attractive Characteristics, Limited Diversity

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Perfection is defined as being complete and correct in every way, and can be pursued in various fields, including art and investing. For years now, I have been employing all my strength in investing in CEFs and ETFs, plus some “flirtations” with ETNs and BDCs. My portfolio is certainly not perfect, but acceptably fulfills the task for which it was designed: namely, to provide me with a steady stream of dividends over time.

My 9% Income Portfolio - Nobody Is Perfect

News for Eaton Vance Enhanced Equity Income Fund II ETF (EOS)