# Eaton Vance Enhanced Equity Income Fund (EOI): Mutual Fund Facts & Distributions

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- Issuer: Eaton Vance · Asset class: Equity
- Strategy: Passive Index · Inception: 2004-10-27

Managed by Eaton Vance Management, the Eaton Vance Enhanced Equity Income Fund operates as a closed-end equity mutual fund. Its investment mandate focuses on publicly traded companies domiciled within the United States. The fund's strategy involves allocating capital across a diverse array of sectors, targeting large and mid-sized corporations. Key to its security selection process is identifying businesses exhibiting above-average growth potential and sound financial standing, assessed against their current market valuation. Performance is gauged relative to the S&P 500 Index. Established...

## Key Facts

| Metric | Value |
|---|---|
| Price | $19.13 |
| Expense Ratio | 1.10% |
| Assets Under Management | $784.4M |
| NAV | — |
| Holdings Count | — |
| Distribution Yield (TTM) | 8.39% |
| Annual Distribution (TTM) | $1.61 /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $18.04 – $21.09 |
| Beta | 1.06 |

## Latest Distribution

- Amount: $0.1338 /share
- Ex-date: 2026-10-15
- Pay date: 2026-10-30

## Frequently Asked Questions

### What does EOI invest in?

Managed by Eaton Vance Management, the Eaton Vance Enhanced Equity Income Fund operates as a closed-end equity mutual fund. Its investment mandate focuses on publicly traded companies domiciled within the United States. The fund's strategy involves allocating capital across a diverse array of sectors, targeting large and mid-sized corporations. Key to its security selection process is identifying businesses exhibiting above-average growth potential and sound financial standing, assessed against their current market valuation. Performance is gauged relative to the S&P 500 Index. Established on October 29, 2004, this U.S.-domiciled fund provides enhanced equity income.

### What is the expense ratio of EOI?

Eaton Vance Enhanced Equity Income Fund (EOI) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations.

### What is EOI's dividend yield?

EOI's trailing-twelve-month yield is 8.39%, calculated from the sum of dividends over the past year divided by the current price.

### How big is EOI?

Eaton Vance Enhanced Equity Income Fund (EOI) manages $784.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is EOI actively managed or an index fund?

EOI is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (EOI's is 1.10%) because there's no security selection cost.

### When was EOI launched?

Eaton Vance Enhanced Equity Income Fund (EOI) launched in October 2004 and is managed by Eaton Vance.

### Does EOI pay a dividend?

Yes, Eaton Vance Enhanced Equity Income Fund (EOI) distributes dividends to shareholders. The trailing-twelve-month yield is 8.39%. Full dividend history is on this page.

### How often does EOI pay dividends?

Eaton Vance Enhanced Equity Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is EOI's next ex-dividend date?

The most recently announced ex-dividend date for EOI was 2026-10-15. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will EOI's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 1.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does EOI charge its expense ratio?

The expense ratio is deducted in tiny daily slices from EOI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does EOI cost more than a fund like VOO?

EOI is a passive index fund (current expense ratio 1.10%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM).

### Are there cheaper alternatives to EOI?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as EOI (1.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/eoi
- Distribution history: https://www.dividenddata.com/funds/eoi/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/eoi/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/eoi/expenses
- Peer comparison: https://www.dividenddata.com/funds/eoi/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.