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ETW · Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Know the company

Company overview

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund combines stocks around the world with a buy-write option program. Foreign markets, currencies and option decisions all feed into the cash result.

Business
Equity option-income CEF
Listing
ETW · XNYS
Reporting period
2026-06-30
Dividend schedule
Monthly

How the business works

Portfolio dividends provide one income stream. Option and equity gains are separate, and currency moves can change NAV. The after-tax objective does not make the monthly payment a measure of earnings by itself.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund: financial report supporting reported earnings

Dividend & earnings snapshot

Reported earnings

Each measure shown separately, per share

Net investment income$0.06

Jan 1, 2026 to Jun 30, 2026

Distribution yield8.26%Sourced distributions divided by dated market price
Reported annual income yield0.87%Reported net investment income $0.0800 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $9.2200. Excludes capital gains; historical, not a current yield or forecast.
Reported annual investment income$0.08Per share for 2025 FY. Excludes investment gains.
Annual dividend$0.80Current regular payment annualized per share
Dividend payment dates

Each announced payment is shown separately. Extra payments are not assumed to repeat.

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting periodEarnings measurePer shareSource
Jan 1, 2026 to Jun 30, 2026Net investment income$0.06Company report 1
Announced Aug 27, 2026

Market price and NAV per share

Compare the share price with the value of the fund portfolio after liabilities. Each price is matched to a dated NAV; a different price date is shown in the label. Read NAV together with cash distributions.

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Jan 1, 2026 to Jun 30, 2026$10.75+5.19%$0.40+9.74%ETW SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2025 to Dec 31, 2025$10.22+9.89%$0.80+20.37%ETW SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2024 to Dec 31, 2024$9.30+2.76%$0.77+12.77%ETW SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2023 to Dec 31, 2023$9.05+8.00%$0.70+17.88%ETW SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2022 to Dec 31, 2022$8.38-23.33%$0.84-15.73%ETW own SEC Financial Highlights fiscal 2022. Total cash includes separately stated NII, realized-gain and return-of-capital components. Company shelf and repurchase NAV effects are separate share-accounting lines, not investment return. Fiscal market value is reported, not a recovered exchange close.
Jan 1, 2021 to Dec 31, 2021$10.93+6.12%$0.87+15.19%ETW own SEC Financial Highlights fiscal 2021. Total cash includes separately stated NII, realized-gain and return-of-capital components. Company shelf and repurchase NAV effects are separate share-accounting lines, not investment return. Fiscal market value is reported, not a recovered exchange close.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

How to read ETW income

Fund income alone does not measure the full contribution from options. Cash distributions can also include gains or return of capital.

Follow distributions together with NAV and total return. A large payment is not proof that the strategy earned that amount.

Income and distributions

Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Fund income alone does not measure the full contribution from options. Cash distributions can also include gains or return of capital.

Reporting periodNet investment income/shareTotal distributions/share
2021-01-01 to 2021-12-31 $0.08 $0.87
2022-01-01 to 2022-12-31 $0.10 $0.84
2023-01-01 to 2023-12-31 $0.10 $0.70
2024-01-01 to 2024-12-31 $0.12 $0.77
2025-01-01 to 2025-12-31 $0.08 $0.80
2026-01-01 to 2026-06-30 $0.06 $0.40

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Portfolio riskLosses or weaker cash generation in stocks and option strategies can reduce the resources available for future distributions.MonitorA change can affect future shareholder cash payments or the capital supporting them.
Option trade-offsWriting options can limit upside without eliminating equity losses. Premium receipts are not the same as realized investment profit.MonitorA change can affect future shareholder cash payments or the capital supporting them.

The assets behind the earnings

How ETW makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$1.177 billion net assets262 holdings · As of 7/31/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2026-01-01 through 2026-06-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.0600

For the six months ended June 30, 2026, ETW reported $0.06 of net investment income per share and $0.40 of distributions. That income-only gap leaves option, equity and currency results outside the comparison.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund: financial report supporting reported earnings

The income-producing business

Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund: financial report supporting reported earnings

What the reported earnings support

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund reported $0.0600 per share for 2026-01-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund: financial report supporting reported earnings

What would change the earnings picture?

Follow option and equity results, currency effects, distribution sources and NAV in the next comparable filing.

Net asset value (NAV)

NAV per share$10.8000Sep 29, 2026
Market price$9.5300Sep 29, 2026
PREMIUM / DISCOUNT TO NAV11.76% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

  • Regular distribution screen: 8.26% on 2026-09-11.
  • Reported net investment income per common share: $0.06 for 2026-01-01 through 2026-06-30; not annualized.

What to watch next

  • Follow option and equity results, currency effects, distribution sources and NAV in the next comparable filing.

Fly High context

Follow option and equity results, currency effects, distribution sources and NAV in the next comparable filing.

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U.S. federal · Tax year 2025

Dividend tax treatment

The fund's published 2025 breakdown shows mainly capital-gain distributions and ordinary dividends. The mix can change from year to year.

This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Ordinary, nonqualified
3.32%
Qualified dividends
23.44%
Capital-gain distributions
59.84%
Return of capital
13.4%

Tax year: 2025. Total distributions: $0.80 per share.

Tax details and source
Total ordinary dividends (includes qualified)
26.76%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated October 1, 2026 4:52 am

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