Eaton Vance Buy‑Write Fund (NYSE: ETV) posts 2025 NAV $15.66, 14.09% return
Rhea-AI Filing Summary
Eaton Vance Tax‑Managed Buy‑Write Opportunities Fund filed a prospectus supplement replacing its Financial Highlights. The supplement shows a net asset value (NAV) at year-end 2025 of $15.66, a total investment return on NAV of 14.09%, market value at year-end 2025 of $14.36, and net assets of $1,827,937.
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FAQ
How large were ETV's net assets at the end of 2025?
The table reports net assets of $1,827,937 (000's omitted) at year-end 2025. That amount is listed in the Ratios/Supplemental Data section of the supplement.
What expense and net investment income ratios does the supplement show for 2025?
For 2025 the supplement shows total expenses of 1.08% and net investment income of 0.09% as percentages of average daily net assets in the Ratios/Supplemental Data.
Filed pursuant to Rule 424(b)(3)
File No. 333-286821
EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND
Supplement to Prospectus dated April 29, 2025
The following replaces the Financial Highlights contained in the Prospectus:
Selected data for a Common Share outstanding during the periods stated.
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | 2022 | 2021 | ||||||||||||||||
| Net asset value – Beginning of year | $ | 14.95 | $ | 13.21 | $ | 12.10 | $ | 16.13 | $ | 14.48 | ||||||||||
| Income (Loss) From Operations | ||||||||||||||||||||
| Net investment income(1) | $ | 0.01 | $ | 0.03 | $ | 0.04 | $ | 0.05 | $ | 0.01 | ||||||||||
| Net realized and unrealized gain (loss) | 1.89 | 2.89 | 2.21 | (2.79 | ) | 2.91 | ||||||||||||||
| Total income (loss) from operations | $ | 1.90 | $ | 2.92 | $ | 2.25 | $ | (2.74 | ) | $ | 2.92 | |||||||||
| Less Distributions | ||||||||||||||||||||
| From net investment income | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.04 | ) | $ | (0.05 | ) | $ | — | ||||||
| From net realized gain | (1.02 | ) | (0.93 | ) | (0.54 | ) | (0.40 | ) | — | |||||||||||
| Tax return of capital | (0.16 | ) | (0.22 | ) | (0.56 | ) | (0.85 | ) | (1.33 | ) | ||||||||||
| Total distributions | $ | (1.19 | ) | $ | (1.18 | ) | $ | (1.14 | ) | $ | (1.30 | ) | $ | (1.33 | ) | |||||
| Premium from common shares sold through shelf offering(1) | $ | — | $ | — | $ | — | $ | 0.01 | $ | 0.06 | ||||||||||
| Net asset value – End of year | $ | 15.66 | $ | 14.95 | $ | 13.21 | $ | 12.10 | $ | 16.13 | ||||||||||
| Market value – End of year | $ | 14.36 | $ | 14.41 | $ | 12.33 | $ | 12.28 | $ | 16.74 | ||||||||||
| Total Investment Return on Net Asset Value(2) | 14.09 | % | 23.52 | % | 19.58 | % | (17.55 | )% | 21.39 | % | ||||||||||
| Total Investment Return on Market Value(2) | 8.54 | % | 27.56 | % | 9.98 | % | (19.37 | )% | 18.84 | % | ||||||||||
| Ratios/Supplemental Data | ||||||||||||||||||||
| Net assets, end of year (000’s omitted) | $ | 1,827,937 | $ | 1,745,593 | $ | 1,542,091 | $ | 1,321,452 | $ | 1,694,817 | ||||||||||
| Ratios (as a percentage of average daily net assets):(3) | ||||||||||||||||||||
| Total expenses | 1.08 | % | 1.08 | % | 1.09 | % | 1.08 | % | 1.08 | % | ||||||||||
| Net expenses | 1.08 | %(4) | 1.08 | %(4) | 1.09 | %(4) | 1.08 | %(4) | 1.08 | % | ||||||||||
| Net investment income | 0.09 | % | 0.19 | % | 0.34 | % | 0.39 | % | 0.08 | % | ||||||||||
| Portfolio Turnover | 7 | % | 3 | % | 8 | % | 19 | % | 9 | % | ||||||||||
(See related footnotes.)
| Year Ended December 31, | ||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | ||||||||||||||||
| Net asset value – Beginning of year | $ | 14.64 | $ | 13.36 | $ | 15.01 | $ | 14.05 | $ | 14.57 | ||||||||||
| Income (Loss) From Operations | ||||||||||||||||||||
| Net investment income(1) | $ | 0.08 | $ | 0.08 | $ | 0.08 | $ | 0.09 | $ | 0.12 | ||||||||||
| Net realized and unrealized gain (loss) | 1.08 | 2.49 | (0.44 | ) | 2.17 | 0.69 | ||||||||||||||
| Total income (loss) from operations | $ | 1.16 | $ | 2.57 | $ | (0.36 | ) | $ | 2.26 | $ | 0.81 | |||||||||
| Less Distributions | ||||||||||||||||||||
| From net investment income | $ | (0.07 | ) | $ | (0.08 | ) | $ | (0.08 | ) | $ | (0.09 | ) | $ | (0.12 | ) | |||||
| From net realized gain | — | — | (0.39 | ) | — | (0.43 | ) | |||||||||||||
| Tax return of capital | (1.26 | ) | (1.25 | ) | (0.86 | ) | (1.24 | ) | (0.78 | ) | ||||||||||
| Total distributions | $ | (1.33 | ) | $ | (1.33 | ) | $ | (1.33 | ) | $ | (1.33 | ) | $ | (1.33 | ) | |||||
| Premium from common shares sold through shelf offering(1) | $ | 0.02 | $ | 0.04 | $ | 0.04 | $ | 0.03 | $ | — | ||||||||||
| Net asset value – End of year | $ | 14.48 | $ | 14.64 | $ | 13.36 | $ | 15.01 | $ | 14.05 | ||||||||||
| Market value – End of year | $ | 15.35 | $ | 14.95 | $ | 13.48 | $ | 15.37 | $ | 14.84 | ||||||||||
| Total Investment Return on Net Asset Value(2) | 9.14 | % | 20.23 | % | (2.65 | )% | 16.93 | % | 6.04 | % | ||||||||||
| Total Investment Return on Market Value(2) | 13.30 | % | 21.68 | % | (4.08 | )% | 13.36 | % | 6.58 | % | ||||||||||
| Ratios/Supplemental Data | ||||||||||||||||||||
| Net assets, end of year (000’s omitted) | $ | 1,327,348 | $ | 1,268,146 | $ | 1,039,071 | $ | 1,023,066 | $ | 898,991 | ||||||||||
| Ratios (as a percentage of average daily net assets) | ||||||||||||||||||||
| Expenses | 1.09 | % | 1.08 | % | 1.09 | % | 1.08 | % | 1.09 | % | ||||||||||
| Net investment income | 0.55 | % | 0.59 | % | 0.52 | % | 0.61 | % | 0.85 | % | ||||||||||
| Portfolio Turnover | 9 | % | 6 | % | 9 | % | 4 | % | 4 | % | ||||||||||
| (1) | Computed using average shares outstanding. |
| (2) | Returns are historical and are calculated by determining the percentage change in net asset value or market value with all distributions reinvested. Distributions are assumed to be reinvested at prices obtained under the Fund’s dividend reinvestment plan. |
| (3) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
| (4) | Includes a reduction by the investment adviser of a portion of its adviser fee due to the Fund’s investment in the Morgan Stanley Institutional Liquidity Funds - Government Portfolio (equal to less than 0.005% of average daily net assets for the years ended December 31, 2025, 2024, 2023 and 2022). |
March 18, 2026