Closed-end funds that invest in shares and sell options on them
8 of the 360 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).
None of the investors we follow is pushing for changes at any of them 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 35%. - 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% | 35% | $704 million |
| NFJ - Virtus Dividend, Interest & Premium Strategy Fund | 1% | none | $1.52 billion |
| IGA - Voya Global Advantage & Premium Opportunity Fund | 1% | none | $171 million |
| IGD - Voya Global Equity Dividend & Premium Opportunity Fund | 1% | none | $521 million |
| MCN - XAI Madison Equity Premium Income Fund | 0.8% | 3% | $127 million |