EOS / EOS: Portfolio Concerns And Declining NAV Are Reasons To Avoid

Eaton Vance Enhanced Equity Income Fund II offers investors a high level of income from an equity portfolio, with an 8.07% yield. The fund's recent pe more_horizontal

Investors today are in desperate need of income due to the rapidly rising cost of living in the United States and elsewhere. Eaton Vance Enhanced Equi more_horizontal

EOS had regularly traded at premiums throughout recent years but has since opened up to a discount. This discount came on the back of a tough year for more_horizontal

EOS dipped below a 5% discount to NAV at the end of March 2022: the most significant discount since COVID hammered the markets in 2020. Although the t more_horizontal

Eaton Vance Enhanced Equity Income Fund II seeks to provide investors with a high level of income through a covered call options strategy. The closed- more_horizontal

EOS is an equity-focused closed end fund that is overweight technology stocks. The vehicle counts the Russell 1000 Growth Index as its benchmark. more_horizontal

After staying upbeat during the pandemic, EOS has been having a bad year lately. One reason for that is high exposure to tech stocks, which are having more_horizontal

EOS raised its distribution last year, and now that distribution is questionable if it's sustainable. The fund holds a significant weighting to tech, more_horizontal