Frequently Asked Questions About ETW

What does ETW invest in?

The Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is structured as a closed-end equity investment vehicle. Its primary management responsibilities lie with Eaton Vance Management, with supplemental oversight from Parametric Portfolio Associates LLC. This fund allocates capital to publicly traded companies across international stock markets, seeking diversification across numerous industry sectors. A core aspect of its investment approach involves selling call options on various U.S. and foreign indices, covering a significant portion of its common stock assets. Established on September 30, 2005, and domiciled within the United States, the fund assesses its performance against several benchmarks, including the S&P 500 Index, the CBOE S&P 500 BuyWrite Index, the CBOE NASDAQ-100 BuyWrite Index, and the FTSE Eurotop 100 Index.

What is the expense ratio of ETW?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations.

What is ETW's distribution yield?

ETW's trailing-twelve-month yield is 8.45%, calculated from the sum of distributions over the past year divided by the current price.

How does ETW's covered-call strategy work?

ETW sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is ETW?

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) manages $1.02B 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 ETW actively managed or an index fund?

ETW's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

ETW

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

NYSE·Asset Management, Global · Financial Services

$9.43$0.12−1.21%

Jul 23 5:09 PM UTC

Price Chart

$9.43−$0.12 (−1.21%)today

−15.01%CAGR −3.20%

Select date range

FromTo

Sep 28, 2005Jul 23, 2021 → Jul 23, 2026· 5.0 yrsJul 23, 2026

Key Metrics

DistributionDistributions Tab

Annual Distribution (FWD)$0.80

Distribution Yield (FWD)8.45%

Annual Distribution (TTM)$0.80

Distribution Yield (TTM)8.45%

Distribution Growth (5Y)−1.8%

FrequencyMonthly

Most Recent$0.07

Ex-Dividend DateJul 15

Payment DateJul 31

Cost & RiskExpenses Tab

Expense Ratio1.10%

Cost per 10k Invested$110

AUM$1.02B

Avg Daily Volume245.40K

Price$9.43

NAV—

Premium / Discount—

52-Week Range$8.46 – $9.68

Beta0.84

Fund Overview

Cost Verdict

Is ETW's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: —
Asset Class: Equity
Strategy: Options Income
Inception: November 21, 2005
Fund Type: Mutual Fund
Domicile: US
Currency: USD
ISIN: US27829C1053
CUSIP: 27829C105
Website: funds.eatonvance.com/Tax-Managed-Global-Buy-Write-Opportunities-Fund-ETW.php

Peers

Peers Tab

CRF

Cornerstone Total Return Fund, Inc.

Cap

$839.6M

CII

BlackRock Enhanced Capital and Income Fund, Inc.

Cap

$1.0B

RYSEX

Royce Small-Cap Special Equity Fund

Cap

$1.1B

Latest News

News Tab

Frequently Asked Questions About ETW

What does ETW invest in?: The Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is structured as a closed-end equity investment vehicle. Its primary management responsibilities lie with Eaton Vance Management, with supplemental oversight from Parametric Portfolio Associates LLC. This fund allocates capital to publicly traded companies across international stock markets, seeking diversification across numerous industry sectors. A core aspect of its investment approach involves selling call options on various U.S. and foreign indices, covering a significant portion of its common stock assets. Established on September 30, 2005, and domiciled within the United States, the fund assesses its performance against several benchmarks, including the S&P 500 Index, the CBOE S&P 500 BuyWrite Index, the CBOE NASDAQ-100 BuyWrite Index, and the FTSE Eurotop 100 Index.
What is the expense ratio of ETW?: Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations.
What is ETW's distribution yield?: ETW's trailing-twelve-month yield is 8.45%, calculated from the sum of distributions over the past year divided by the current price.
How does ETW's covered-call strategy work?: ETW sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
How big is ETW?: Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) manages $1.02B 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 ETW actively managed or an index fund?: ETW's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Frequently Asked Questions About ETW

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Price Chart

Key Metrics

Fund Overview

Peers

Latest News

ETW: Decent For Income, But Likely To Underperform Over The Long Term

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions