EOI: Added Income Comes With Usual CAGR Hit

Retired Investor
Investing Group

Summary

  • The Eaton Vance Enhanced Equity Income Fund (EOI) invests primarily in large- and mid-cap securities that have above-average growth and financial strength and writes call options on individual holdings.
  • As with many enhanced income equity funds, EOI achieves the first compared to SPY or MDY, but trails both in CAGR. That said, 5/10-yr results make EOI attractive for income-seekers.
  • After comparing EOI to its fellow Eaton Vance funds and some other popular enhanced-income ETFs, I would rate EOI a Buy except for its current historic premium level.
  • Looking for more investing ideas like this one? Get them exclusively at Hoya Capital Income Builder. Learn More »

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(This article was co-produced with Hoya Capital Real Estate)

Introduction

Income-seeking equity funds is a popular topic for coverage and comments on Seeking Alpha. When I started investing in the 1970s, mutual funds like the Fidelity Balanced Fund (

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Retired Investor
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Retired Investor has been investing since the 1980s and has a background in data analysis and pension fund management. He writes articles to help others prepare for retirement by investing in CEFs, ETFs, BDCs, and REITs. He is a long only investor and shares strategies for trading options with a focus on cash-secured-puts.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of JEPI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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