Eaton Vance Enhanced Equity Income Fund II (EOS)

Competitors to Eaton Vance Enhanced Equity Income Fund II (EOS)

BlackRock Enhanced Equity Income Fund (NYSE:BDJ) 

BlackRock Enhanced Equity Income Fund focuses on providing income through an enhanced equity strategy that utilizes options to generate additional income. Like Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS), it targets investors seeking sustainable income along with equity upside potential. BlackRock, being one of the largest asset managers globally, benefits from extensive resources and brand recognition, which can provide an edge in attracting more institutional investors compared to Eaton Vance.

Invesco S&P 500 BuyWrite ETF (NYSE:PBP) 

Invesco’s S&P 500 BuyWrite ETF utilizes a buy-write strategy on the S&P 500 index, thereby generating income through the collection of option premiums similar to the approach taken by Eaton Vance. While Eaton Vance focuses on actively managed funds, Invesco's passive approach provides a cost advantage, appealing to cost-sensitive investors. This difference in management style allows Invesco to capture a different segment of the market while still competing for the income-oriented investment dollars.

JPMorgan Equity Premium Income ETF (NYSE:JEPI) 

JPMorgan’s Equity Premium Income ETF aims to provide current income through a combination of equity investments and options strategies, similar to Eaton Vance’s fund. It has gained significant popularity due to its attractive yield and the backing of JPMorgan's extensive research capabilities. The ETF structure also offers lower costs and tax efficiency, which gives JPMorgan a competitive advantage over Eaton Vance in terms of attracting retail investors who prioritize these features.

Nuveen (TIAA) Enhanced Equity Income Fund (NYSE:NEQ)

Nuveen’s Enhanced Equity Income Fund employs a similar strategy to Eaton Vance by focusing on dividend generation through equity exposure while integrating options writing strategies. Nuveen stands out due to its strong ties to TIAA and its established base of wealth management services, which helps in cross-selling to a diverse customer base. Although Nuveen offers a variety of investment products, its targeted approach to income-focused equity strategies puts it in direct competition with Eaton Vance.