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EXD - EXD: 8.9% Distribution Yield And An Undeserved Discount
Eaton Vance Tax-Advantaged Bond of Beneficial Interest
This article was first published on October 5, 2019.
Out of the three Eaton Vance (EV) option-writing funds focused on U.S. holdings, Eaton Vance Tax-Managed Buy-Write Strategy Fund (EXD) is getting the least love. EXD trades at a discount, while the other two funds trade at premiums. This may be due to its long history of showing NAV erosion, small size or simply that most investors don't realize this fund had an overhaul earlier in 2019. This change transitioned the fund from a bond focus to mirroring Eaton Vance's other funds;