Company: ETV
Filing Date: 2025-04-29
Form Type: N-2ASR
Source: 0001193125-25-103160
Chunk: 45

Company: Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Filing Date: 2025-04-29
Form: N-2ASR
Chunk 45
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 other portfolio considerations set forth below, the Fund will seek to minimize the projected tracking of its stock holdings versus a blend of the S&P 500 ®and the NASDAQ‑100 ®corresponding to the weightings within the Fund’s stock portfolio of Segment One and Segment Two. Due to tax considerations, the Fund intends to limit the overlap between its stock portfolio holdings (and any subset thereof) and each of the S&P 500 ®and the NASDAQ‑100 ®to less than 70% on an ongoing basis. The Fund’s common stock holdings may include stocks not included in either index. The Fund invests primarily in common stocks of U.S. issuers. The Fund may invest up to 10% of its total assets in securities of foreign issuers, including securities evidenced by American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”). The Fund may invest up to 5% of its total assets in securities of emerging markets issuers. The Fund expects that its assets will normally be invested across a broad range of industries and market sectors. Stocks included in the S&P 500 ®and the NASDAQ‑100 ®generally have growth characteristics. Investing in NASDAQ‑100 ®stocks may result in significant exposure to companies in the technology sector, including software and technology services companies, companies that manufacture technology hardware and interactive media companies. The Fund may invest a portion of its assets in stocks of mid‑capitalization companies. Eaton Vance generally considers mid‑capitalization companies to be those companies having market capitalizations within the range of capitalizations for the S&P MidCap 400 ®Index (“S&P MidCap 400 ®”). As of March 31, 2025, companies in the S&P MidCap 400 ®had median market capitalization of approximately $6.7 billion and their market capitalization range was from $2.1 billion to $20.5 billion. Market capitalizations of companies within the S&P MidCap 400 ®are subject to change. The Fund seeks to generate current earnings in part by employing an options strategy of writing (selling) index call options on the S&P 500 ®and the NASDAQ‑100 ®. Under normal market conditions, the Fund expects to sell on a continuous basis S&P 500 ®call options on at least 80% of the value of Segment One and NASDAQ‑100 ®call options on at least 80% of the value of Segment Two.