Company: ETV
Filing Date: 2025-05-01
Form Type: 424B5
Source: 0001193125-25-109401
Chunk: 4

Company: Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Filing Date: 2025-05-01
Form: 424B5
Chunk 4
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 and software. An investment in the Fund may not be appropriate for all investors. There is no assurance that the Fund will achieve its investment objectives. THE ADVISER AND SUB‑ADVISER Eaton Vance acts as the Fund’s investment adviser under an Investment Advisory Agreement (the “Advisory Agreement”). The Adviser’s principal office is located at One Post Office Square, Boston, MA 02109. Eaton Vance has engaged its affiliate, Parametric, as a sub‑adviser to the Fund. Parametric’s principal office is located at 800 Fifth Avenue, Suite 2800, Seattle, WA 98104. Eaton Vance and Parametric are each an indirect, wholly owned subsidiary of Morgan Stanley. Eaton Vance, its affiliates and predecessor organizations have been managing assets since 1924 and managing mutual funds since 1931. Parametric has been providing investment advisory services since its formation in 1987. Morgan Stanley (NYSE: MS), whose principal offices are at 1585 Broadway, New York, New York 10036, is a preeminent global financial services firm engaged in securities trading and brokerage activities, as well as providing investment banking, research and analysis, financing and financial advisory services. As of March 31, 2025, Morgan Stanley’s asset management operations had aggregate assets under management or supervision of approximately $1.6 trillion. Under the general supervision of the Fund’s Board, the Adviser is responsible for managing the Fund’s overall investment program and executing the Fund’s options strategy. The Adviser also is responsible for providing the Sub‑Adviser with research support and supervising the performance of the Sub‑Adviser. The Sub‑Adviser is responsible for structuring and managing the Fund’s common stock portfolio, including tax‑loss harvesting (i.e., periodically selling positions that have depreciated in value to realize capital losses that can be used to offset capital gains realized by the Fund) and other tax‑management techniques, relying in part on the fundamental research and analytical judgments of the Adviser. The Adviser will furnish to the Fund investment advice and office facilities, equipment and personnel for servicing the investments of the Fund. The Adviser will compensate all Trustees and officers of the Fund who are members of the Adviser’s organization and will also compensate all other Adviser personnel who provide services related to research and investment activities to the Fund. Pursuant to the Advisory Agreement, the Fund has agreed to pay the Adviser an investment advisory fee, payable on a monthly basis, at an