Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a diversified, closed-end management investment company that seeks current income and gains through a secondary objective of capital appreciation. The Fund invests primarily in a portfolio of common stocks of companies operating across diversified sectors in the public equity markets of the United States; it employs tax-management strategies including tax-loss harvesting; and it writes (sells) call options on one or more U.S. indices, such as the S&P 500 Index or NASDAQ-100 Index, on a substantial portion of the value of its common stock portfolio to generate additional income. Common shares trade on the New York Stock Exchange; the Fund is managed by Eaton Vance Management with sub-advisory services from Parametric Portfolio Associates LLC, both indirect wholly-owned subsidiaries of Morgan Stanley; Eaton Vance and its predecessor organizations have managed assets since 1924. The Fund is headquartered in Boston, Massachusetts, with operations domiciled in the United States and targeting U.S. equity markets.
Launched on June 30, 2005, the Fund completed a merger with Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) on April 14, 2023, expanding its asset base through the reorganization approved by EXD shareholders. In May 2025, the Fund entered into a distribution agreement with Eaton Vance Distributors, Inc., and a related dealer agreement with UBS Securities LLC to offer and sell up to 19,096,050 common shares at-the-market, enabling flexible capital raising while adhering to net asset value requirements under the Investment Company Act of 1940. As of December 31, 2024, the Fund reported net assets of approximately $1.75 billion, with an investment advisory fee tiered from 1.000% on average daily gross assets up to $1.5 billion, decreasing to 0.940% above $5 billion; it continues regular monthly distributions, with recent announcements confirming amounts and sources.