Closed-end funds that invest in shares and sell options on them
8 of the 361 U.S. closed-end funds we cover invest in shares and sell options on them.
They are run by 5 firms; the largest are Eaton Vance (3), Voya (2) and John Hancock (1).
At 1 of them a large investor is pushing for changes.
1 has a buy-back, a vote or a closing open right now.
Yearly costs run from 0.8% to 4.3%.
8 funds
Sort by: name · yearly cost · borrowing · size
- ETB - Eaton Vance Tax-Managed Buy-Write Income Fund
Run by Eaton Vance. Invests in shares and sells options on them. Costs 1.1% a year. Does not borrow. - ETV - Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Run by Eaton Vance. Invests in shares and sells options on them. Costs 1.1% a year. Borrows 2%. - ETW - Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
Run by Eaton Vance. Invests in shares and sells options on them. Costs 1.1% a year. Borrows 2%. - PDT - John Hancock Premium Dividend Fund
Run by John Hancock. Invests in shares and sells options on them. Costs 4.3% a year. Borrows 34%. - NFJ - Virtus Dividend, Interest & Premium Strategy Fund
Run by Virtus. Invests in shares and sells options on them. Costs 1% a year. Does not borrow. - IGA - Voya Global Advantage & Premium Opportunity Fund
Run by Voya. Invests in shares and sells options on them. Costs 1% a year. Does not borrow. - IGD - Voya Global Equity Dividend & Premium Opportunity Fund
Run by Voya. Invests in shares and sells options on them. Costs 1% a year. Does not borrow. - MCN - XAI Madison Equity Premium Income Fund
Run by XA Investments. Invests in shares and sells options on them. Costs 0.8% a year. Borrows 3%.
Details: the same funds as a table
| Fund | Yearly cost | Borrowing | Size |
|---|---|---|---|
| ETB - Eaton Vance Tax-Managed Buy-Write Income Fund | 1.1% | none | $494 million |
| ETV - Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 1.1% | 2% | $1.85 billion |
| ETW - Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | 1.1% | 2% | $1.17 billion |
| PDT - John Hancock Premium Dividend Fund | 4.3% | 34% | $734 million |
| NFJ - Virtus Dividend, Interest & Premium Strategy Fund | 1% | none | $1.43 billion |
| IGA - Voya Global Advantage & Premium Opportunity Fund | 1% | none | $163 million |
| IGD - Voya Global Equity Dividend & Premium Opportunity Fund | 1% | none | $496 million |
| MCN - XAI Madison Equity Premium Income Fund | 0.8% | 3% | $127 million |