Top Covered Call Funds
Covered call closed end funds are also known as buy write funds. The vast majority of funds are devoted to owning common shares and writing calls against their holdings. In general these funds write call options against 40-95% of their portfolios.These top closed end funds are selected based on its year to date performance in 2015 (up to July 26, 2015). You may find other information such as expense ratio fee, portfolio turnover rate, management or index approach, performance, etc. You can find the fund review and comparison below.
The 10 best option strategies closed end funds in 2015 are:
- Columbia Seligman Premium Technology Growth Fund (STK)
- Eaton Vance Enhanced Equity Income Fund II (EOS)
- Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV)
- Voya Global Advantage and Premium Opportunity Fund (IGA)
- Eaton Vance Tax-Managed Buy-Write Income Fund (ETB)
- Nuveen S&P 500 Buy-Write Income Fund (BXMX)
- Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY)
- BlackRock Enhanced Capital & Income Fund (CII)
- First Trust Enhanced Equity Income Fund (FFA)
- Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG)
Columbia Seligman Premium Technology Growth Fund
The investment objective of this Columbia Seligman Premium Technology Growth Fund is to achieve a capital appreciation. This fund invests mainly in a portfolio of technology related equity securities and current income by employing an option writing strategy. The market value is $274 million. The dividend yield is 10.18%.This closed end fund has YTD return is 3.72%. It has 3-year annualized return of 16.80% and 5-year annualized return of 10.72%.
Top 5 stocks are Lam Research Corporation, Synopsys, Broadcom Corporation, Synaptics Inc, and Apple Inc. Top 2 sectors are general equity, and money market fund.
Eaton Vance Enhanced Equity Income Fund II
Eaton Vance Enhanced Equity Income Fund II is a 4 star closed end fund. This fund utilizes its assets to purchase large and mid capitalization common stocks and through utilizing a covered call and options strategy. This fund is popular with investors. It has $714 million of assets. This fund has a high yield of 7.39%.The past 5 years performance is as follows:
- Year 2015: 4.24% (YTD)
- Year 2014: 15.07%
- Year 2013: 36.08%
- Year 2012: 12.84%
- Year 2011: -7.67%
Voya Global Advantage and Premium Opportunity Fund
This Voya Global Advantage and Premium Opportunity Fund is ranked with 3 star rating by Morningstar. It has $225 million of assets. It has a high yield of 9.14%. The current share price is $12.26. The fund manager is Paul Zemsky.Top 3 stocks in its portfolio are Pfizer Inc, Wells Fargo & Co, and Novartis AG. Top 3 sectors are information technology, healthcare, and consumer discretionary.
Fund Performance
| No | Fund Name (Ticker) | Market Return % | Expense Ratio |
|---|---|---|---|
| 1 | Columbia Sel Prm Tech Gr (STK) | 17.43% | 1.17% |
| 2 | Eaton Vance Enh Eq Inc 2 (EOS) | 10.92% | 1.11% |
| 3 | Eaton Vance T-M B-W Opps (ETV) | 10.17% | 1.09% |
| 4 | Voya Gl Adv & Prem Opp (IGA) | 10.00% | 0.97% |
| 5 | Eaton Vance T-M B-W Inc (ETB) | 9.01% | 1.13% |
| 6 | Nuveen SP500 Buy-Wr Inc (BXMX) | 7.09% | 1.02% |
| 7 | Eaton Vance T-M D-E Inc (ETY) | 4.59% | 1.08% |
| 8 | BlackRock En Capital&Inc (CII) | 4.58% | 0.93% |
| 9 | First Tr Enh Equity Inc (FFA) | 3.53% | 1.18% |
| 10 | Eaton Vance TxMgdGlDvEIn (EXG) | 2.86% | 1.07% |
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