description Eaton Vance Enhanced Equity Income Fund Overview
The Eaton Vance Enhanced Equity Income Fund is a diversified exchange-traded fund that invests primarily in corporate bonds and preferred stocks with the goal of generating current income and achieving capital appreciation through a flexible investment approach.
help Eaton Vance Enhanced Equity Income Fund FAQ
What is the ticker and exchange for the Eaton Vance Enhanced Equity Income Fund?
The fund trades under ticker EOI on the New York Stock Exchange. It is a closed-end fund, not an exchange-traded fund or a conventional bond fund.
How does EOI's covered-call strategy generate income?
EOI holds an equity portfolio and writes covered call options on shares it owns. The option premium can support current income, but the fund gives up some upside above the call's exercise price while retaining downside risk.
Does EOI mainly invest in corporate bonds and preferred stocks?
No, Eaton Vance classifies EOI as a US equity closed-end fund. Its income strategy is built around common-stock dividends and covered calls rather than a primary portfolio of corporate bonds.
Does EOI pay a guaranteed monthly dividend?
Eaton Vance has a policy of paying a stable monthly distribution, but the amount is not guaranteed. Distributions can include ordinary dividends, capital gains, or return of capital, so the payout should not be treated as a guaranteed yield.
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