Eaton Vance Tax-Managed Buy-Write Income Fund

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-21676

Investment Company Act File Number

Eaton Vance Tax-Managed Buy-Write

Income Fund

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

December 31

Date of Fiscal Year End

March 31, 2012

Date of Reporting Period

 

 

 

Item 1. Schedule of Investments

Eaton Vance

Tax-Managed Buy-Write Income Fund

March 31, 2012

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 101.3%

 

N(000.000.000 N(000.000.000
Security    Shares      Value  

Aerospace & Defense — 2.8%

      

Boeing Co. (The)

      26,422       $ 1,965,004   

Honeywell International, Inc.

      54,427         3,322,768   

Northrop Grumman Corp.

      21,600         1,319,328   

Textron, Inc.

      19,301         537,147   

United Technologies Corp.

      42,843         3,553,399   
     

 

 

  
      $ 10,697,646   
     

 

 

  

Air Freight & Logistics — 1.0%

      

C.H. Robinson Worldwide, Inc.

      12,698       $ 831,592   

Expeditors International of Washington, Inc.

      13,909         646,908   

United Parcel Service, Inc., Class B

      28,717         2,318,036   
     

 

 

  
      $ 3,796,536   
     

 

 

  

Airlines — 0.1%

      

Southwest Airlines Co.

      36,616       $ 301,716   
     

 

 

  
      $ 301,716   
     

 

 

  

Auto Components — 0.6%

      

Dana Holding Corp.

      31,658       $ 490,699   

Goodyear Tire & Rubber Co. (The)(1)

      10,898         122,276   

Johnson Controls, Inc.

      37,662         1,223,262   

Lear Corp.

      8,572         398,512   
     

 

 

  
      $ 2,234,749   
     

 

 

  

Automobiles — 0.1%

      

Ford Motor Co.

      30,101       $ 375,962   
     

 

 

  
      $ 375,962   
     

 

 

  

Beverages — 2.7%

      

Coca-Cola Co. (The)

      86,673       $ 6,414,669   

PepsiCo, Inc.

      54,927         3,644,406   
     

 

 

  
      $ 10,059,075   
     

 

 

  

Biotechnology — 1.6%

      

Amgen, Inc.

      32,247       $ 2,192,474   

Celgene Corp.(1)

      32,350         2,507,772   

Gilead Sciences, Inc.(1)

      25,532         1,247,238   

Vertex Pharmaceuticals, Inc.(1)

      1,850         75,868   
     

 

 

  
      $ 6,023,352   
     

 

 

  

Capital Markets — 2.1%

      

Greenhill & Co., Inc.

      14,014       $ 611,571   

Invesco, Ltd.

      38,480         1,026,262   

Lazard, Ltd., Class A

      21,525         614,754   

Legg Mason, Inc.

      10,446         291,757   

Morgan Stanley

      126,372         2,481,946   

State Street Corp.

      27,413         1,247,292   

T. Rowe Price Group, Inc.

      24,428         1,595,148   

Walter Investment Management Corp.

      7,355         165,855   
     

 

 

  
      $ 8,034,585   
     

 

 

  

 

1

 

 

N(000.000.000 N(000.000.000
Security    Shares      Value  

Chemicals — 2.1%

      

Air Products and Chemicals, Inc.

      11,261       $ 1,033,760   

Dow Chemical Co. (The)

      64,146         2,222,017   

E.I. Du Pont de Nemours & Co.

      51,275         2,712,447   

Eastman Chemical Co.

      3,608         186,498   

Mosaic Co. (The)

      5,728         316,701   

Sherwin-Williams Co. (The)

      13,337         1,449,332   
     

 

 

  
      $ 7,920,755   
     

 

 

  

Commercial Banks — 3.7%

      

Bank of Montreal

      4,957       $ 294,545   

BB&T Corp.

      51,539         1,617,809   

Fifth Third Bancorp

      91,535         1,286,067   

KeyCorp

      54,776         465,596   

M&T Bank Corp.

      12,600         1,094,688   

PNC Financial Services Group, Inc.

      31,765         2,048,525   

U.S. Bancorp

      53,344         1,689,938   

Wells Fargo & Co.

      164,065         5,601,179   
     

 

 

  
      $ 14,098,347   
     

 

 

  

Commercial Services & Supplies — 0.8%

      

Avery Dennison Corp.

      15,307       $ 461,200   

Republic Services, Inc.

      16,739         511,544   

Waste Management, Inc.

      56,032         1,958,878   
     

 

 

  
      $ 2,931,622   
     

 

 

  

Communications Equipment — 2.7%

      

Brocade Communications Systems, Inc.(1)

      42,403       $ 243,817   

Cisco Systems, Inc.

      222,878         4,713,870   

QUALCOMM, Inc.

      79,852         5,431,533   
     

 

 

  
      $ 10,389,220   
     

 

 

  

Computers & Peripherals — 5.6%

      

Apple, Inc.(1)

      30,468       $ 18,264,652   

Hewlett-Packard Co.

      87,361         2,081,813   

QLogic Corp.(1)

      20,459         363,352   

SanDisk Corp.(1)

      8,289         411,051   
     

 

 

  
      $ 21,120,868   
     

 

 

  

Consumer Finance — 1.1%

      

American Express Co.

      49,193       $ 2,846,307   

Discover Financial Services

      40,754         1,358,738   
     

 

 

  
      $ 4,205,045   
     

 

 

  

Distributors — 0.6%

      

Genuine Parts Co.

      33,297       $ 2,089,387   
     

 

 

  
      $ 2,089,387   
     

 

 

  

Diversified Financial Services — 2.5%

      

Bank of America Corp.

      100,000       $ 957,000   

Citigroup, Inc.

      83,563         3,054,228   

CME Group, Inc.

      2,975         860,757   

JPMorgan Chase & Co.

      69,344         3,188,437   

Moody’s Corp.

      29,272         1,232,351   
     

 

 

  
      $ 9,292,773   
     

 

 

  

Diversified Telecommunication Services — 2.7%

      

AT&T, Inc.

      190,600       $ 5,952,438   

CenturyLink, Inc.

      22,936         886,476   

Verizon Communications, Inc.

      84,339         3,224,280   
     

 

 

  
      $ 10,063,194   
     

 

 

  

 

2

 

 

N(000.000.000 N(000.000.000
Security    Shares      Value  

Electric Utilities — 0.9%

      

Duke Energy Corp.

      110,536       $ 2,322,361   

Edison International

      20,090         854,026   

Pinnacle West Capital Corp.

      7,168         343,347   
     

 

 

  
      $ 3,519,734   
     

 

 

  

Electrical Equipment — 0.7%

      

Emerson Electric Co.

      53,488       $ 2,791,004   
     

 

 

  
      $ 2,791,004   
     

 

 

  

Electronic Equipment, Instruments & Components — 0.4%

      

Corning, Inc.

      83,196       $ 1,171,399   

Molex, Inc.

      13,181         370,650   
     

 

 

  
      $ 1,542,049   
     

 

 

  

Energy Equipment & Services — 1.6%

      

Baker Hughes, Inc.

      5,106       $ 214,146   

Halliburton Co.

      62,164         2,063,223   

Schlumberger, Ltd.

      56,392         3,943,492   
     

 

 

  
      $ 6,220,861   
     

 

 

  

Food & Staples Retailing — 2.0%

      

CVS Caremark Corp.

      60,482       $ 2,709,594   

Wal-Mart Stores, Inc.

      81,955         5,015,646   
     

 

 

  
      $ 7,725,240   
     

 

 

  

Food Products — 1.5%

      

ConAgra Foods, Inc.

      33,089       $ 868,917   

Green Mountain Coffee Roasters, Inc.(1)

      15,366         719,743   

Kellogg Co.

      31,044         1,664,890   

Kraft Foods, Inc., Class A

      54,344         2,065,616   

Tyson Foods, Inc., Class A

      28,696         549,528   
     

 

 

  
      $ 5,868,694   
     

 

 

  

Health Care Equipment & Supplies — 1.9%

      

Baxter International, Inc.

      42,233       $ 2,524,689   

Covidien PLC

      11,380         622,258   

Medtronic, Inc.

      41,406         1,622,701   

Orthofix International NV(1)

      1,884         70,801   

Stryker Corp.

      38,437         2,132,485   

Zimmer Holdings, Inc.

      5,294         340,298   
     

 

 

  
      $ 7,313,232   
     

 

 

  

Health Care Providers & Services — 1.8%

      

Catalyst Health Solutions, Inc.(1)

      2,738       $ 174,493   

HCA Holdings, Inc.

      12,216         302,224   

Medco Health Solutions, Inc.(1)

      26,655         1,873,846   

MEDNAX, Inc.(1)

      4,666         347,010   

Quest Diagnostics, Inc.

      7,414         453,366   

Team Health Holdings, Inc.(1)

      8,564         176,076   

UnitedHealth Group, Inc.

      49,739         2,931,617   

VCA Antech, Inc.(1)

      18,558         430,731   
     

 

 

  
      $ 6,689,363   
     

 

 

  

Hotels, Restaurants & Leisure — 1.7%

      

Marriott International, Inc., Class A

      20,645       $ 781,413   

Marriott Vacations Worldwide Corp.(1)

      2,064         58,845   

McDonald’s Corp.

      43,448         4,262,249   

Wyndham Worldwide Corp.

      26,139         1,215,725   
     

 

 

  
      $ 6,318,232   
     

 

 

  

 

3

 

 

N(000.000.000 N(000.000.000
Security    Shares      Value  

Household Durables — 0.6%

      

Leggett & Platt, Inc.

      11,383       $ 261,923   

Lennar Corp., Class A

      21,018         571,269   

Newell Rubbermaid, Inc.

      76,798         1,367,772   

PulteGroup, Inc.(1)

      13,636         120,679   

Tempur-Pedic International, Inc.(1)

      1,159         97,854   
     

 

 

  
      $ 2,419,497   
     

 

 

  

Household Products — 1.7%

      

Clorox Co. (The)

      6,843       $ 470,456   

Kimberly-Clark Corp.

      19,850         1,466,717   

Procter & Gamble Co.

      65,845         4,425,442   
     

 

 

  
      $ 6,362,615   
     

 

 

  

Industrial Conglomerates — 1.8%

      

3M Co.

      23,056       $ 2,056,826   

General Electric Co.

      230,788         4,631,915   
     

 

 

  
      $ 6,688,741   
     

 

 

  

Insurance — 4.4%

      

ACE, Ltd.

      14,012       $ 1,025,678   

Allstate Corp. (The)

      70,555         2,322,671   

AmTrust Financial Services, Inc.

      2,518         67,684   

Aon Corp.

      15,101         740,855   

Berkshire Hathaway, Inc., Class B(1)

      29,350         2,381,752   

Cincinnati Financial Corp.

      23,600         814,436   

Hanover Insurance Group, Inc. (The)

      1,721         70,768   

Hartford Financial Services Group, Inc.

      27,935         588,870   

Lincoln National Corp.

      59,156         1,559,352   

Marsh & McLennan Cos., Inc.

      50,188         1,645,665   

MetLife, Inc.

      14,938         557,934   

Principal Financial Group, Inc.

      29,001         855,820   

Prudential Financial, Inc.

      22,391         1,419,365   

Travelers Companies, Inc. (The)

      43,007         2,546,014   
     

 

 

  
      $ 16,596,864   
     

 

 

  

Internet & Catalog Retail — 0.8%

      

Amazon.com, Inc.(1)

      5,804       $ 1,175,368   

priceline.com, Inc.(1)

      2,341         1,679,668   
     

 

 

  
      $ 2,855,036   
     

 

 

  

Internet Software & Services — 2.1%

      

Google, Inc., Class A(1)

      10,119       $ 6,488,708   

VeriSign, Inc.

      43,013         1,649,118   
     

 

 

  
      $ 8,137,826   
     

 

 

  

IT Services — 2.9%

      

Fidelity National Information Services, Inc.

      26,132       $ 865,492   

International Business Machines Corp.

      33,173         6,921,546   

MasterCard, Inc., Class A

      6,661         2,801,217   

VeriFone Systems, Inc.(1)

      1,723         89,372   

Visa, Inc., Class A

      3,588         423,384   
     

 

 

  
      $ 11,101,011   
     

 

 

  

Leisure Equipment & Products — 0.5%

      

Mattel, Inc.

      59,998       $ 2,019,533   
     

 

 

  
      $ 2,019,533   
     

 

 

  

Life Sciences Tools & Services — 0.1%

      

Bruker Corp.(1)

      4,979       $ 76,229   

 

4

 

 

N(000.000.000 N(000.000.000
Security    Shares      Value  

Thermo Fisher Scientific, Inc.

      7,856       $ 442,921   
     

 

 

  
      $ 519,150   
     

 

 

  

Machinery — 1.6%

      

Caterpillar, Inc.

      31,778       $ 3,384,993   

Eaton Corp.

      9,192         458,037   

Joy Global, Inc.

      5,767         423,874   

Snap-On, Inc.

      6,380         388,989   

Stanley Black & Decker, Inc.

      10,773         829,090   

Timken Co. (The)

      8,609         436,821   
     

 

 

  
      $ 5,921,804   
     

 

 

  

Marine — 0.0%(2)

      

Kirby Corp.(1)

      1,985       $ 130,593   
     

 

 

  
      $ 130,593   
     

 

 

  

Media — 4.3%

      

CBS Corp., Class B

      64,211       $ 2,177,395   

Comcast Corp., Class A

      121,712         3,652,577   

McGraw-Hill Cos., Inc. (The)

      47,478         2,301,259   

Omnicom Group, Inc.

      39,439         1,997,585   

Scripps Networks Interactive, Class A

      1,544         75,177   

Time Warner, Inc.

      44,322         1,673,156   

Walt Disney Co. (The)

      97,877         4,285,055   
     

 

 

  
      $ 16,162,204   
     

 

 

  

Metals & Mining — 1.1%

      

AK Steel Holding Corp.

      43,045       $ 325,420   

Allegheny Technologies, Inc.

      7,067         290,948   

Freeport-McMoRan Copper & Gold, Inc.

      25,886         984,703   

Nucor Corp.

      48,808         2,096,304   

United States Steel Corp.

      14,937         438,700   
     

 

 

  
      $ 4,136,075   
     

 

 

  

Multi-Utilities — 2.5%

      

Centerpoint Energy, Inc.

      17,504       $ 345,179   

CMS Energy Corp.

      91,625         2,015,750   

Dominion Resources, Inc.

      17,163         878,917   

DTE Energy Co.

      10,342         569,120   

Integrys Energy Group, Inc.

      10,554         559,257   

NiSource, Inc.

      49,999         1,217,476   

Public Service Enterprise Group, Inc.

      60,956         1,865,863   

TECO Energy, Inc.

      92,229         1,618,619   

Xcel Energy, Inc.

      12,009         317,878   
     

 

 

  
      $ 9,388,059   
     

 

 

  

Multiline Retail — 1.2%

      

Kohl’s Corp.

      26,447       $ 1,323,143   

Macy’s, Inc.

      60,341         2,397,348   

Nordstrom, Inc.

      12,248         682,459   
     

 

 

  
      $ 4,402,950   
     

 

 

  

Office Electronics — 0.3%

      

Xerox Corp.

      163,512       $ 1,321,177   
     

 

 

  
      $ 1,321,177   
     

 

 

  

Oil, Gas & Consumable Fuels — 10.2%

      

Chevron Corp.

      65,682       $ 7,043,738   

ConocoPhillips

      64,540         4,905,685   

El Paso Corp.

      53,383         1,577,468   

EOG Resources, Inc.

      20,592         2,287,771   

 

5

 

 

N(000.000.000 N(000.000.000
Security    Shares      Value  

Exxon Mobil Corp.

      166,458       $ 14,436,902   

Occidental Petroleum Corp.

      41,073         3,911,382   

Range Resources Corp.

      22,269         1,294,720   

Tesoro Corp.(1)

      25,722         690,379   

Williams Cos., Inc.

      72,366         2,229,596   

WPX Energy, Inc.(1)

      24,122         434,437   
     

 

 

  
      $ 38,812,078   
     

 

 

  

Paper & Forest Products — 0.2%

      

MeadWestvaco Corp.

      21,446       $ 677,479   
     

 

 

  
      $ 677,479   
     

 

 

  

Personal Products — 0.1%

      

Estee Lauder Cos., Inc. (The), Class A

      3,326       $ 206,012   
     

 

 

  
      $ 206,012   
     

 

 

  

Pharmaceuticals — 6.0%

      

Abbott Laboratories

      79,178       $ 4,852,820   

Bristol-Myers Squibb Co.

      83,905         2,831,794   

Johnson & Johnson

      83,567         5,512,079   

Merck & Co., Inc.

      140,102         5,379,917   

Pfizer, Inc.

      171,390         3,883,697   

Warner Chilcott PLC, Class A(1)

      25,088         421,729   
     

 

 

  
      $ 22,882,036   
     

 

 

  

Professional Services — 0.2%

      

Manpower, Inc.

      4,353       $ 206,202   

Robert Half International, Inc.

      19,811         600,273   
     

 

 

  
      $ 806,475   
     

 

 

  

Real Estate Investment Trusts (REITs) — 1.8%

      

Apartment Investment & Management Co., Class A

      12,428       $ 328,223   

AvalonBay Communities, Inc.

      11,002         1,555,133   

Equity Residential

      14,774         925,148   

Health Care REIT, Inc.

      6,813         374,442   

Host Hotels & Resorts, Inc.

      58,590         962,048   

Kimco Realty Corp.

      78,276         1,507,596   

Plum Creek Timber Co., Inc.

      5,304         220,434   

ProLogis, Inc.

      22,296         803,102   
     

 

 

  
      $ 6,676,126   
     

 

 

  

Real Estate Management & Development — 0.1%

      

CB Richard Ellis Group, Inc., Class A(1)

      19,604       $ 391,296   
     

 

 

  
      $ 391,296   
     

 

 

  

Road & Rail — 0.8%

      

J.B. Hunt Transport Services, Inc.

      3,521       $ 191,437   

Kansas City Southern(1)

      13,949         1,000,004   

Norfolk Southern Corp.

      28,268         1,860,882   
     

 

 

  
      $ 3,052,323   
     

 

 

  

Semiconductors & Semiconductor Equipment — 2.5%

      

Analog Devices, Inc.

      24,272       $ 980,589   

Applied Materials, Inc.

      15,313         190,494   

Broadcom Corp., Class A(1)

      44,213         1,737,571   

Cirrus Logic, Inc.(1)

      12,388         294,834   

Cree, Inc.(1)

      21,482         679,476   

Intel Corp.

      154,529         4,343,810   

Microchip Technology, Inc.

      15,385         572,322   

Teradyne, Inc.(1)

      32,470         548,418   
     

 

 

  
      $ 9,347,514   
     

 

 

  

 

6

 

 

N(000.000.000 N(000.000.000
Security    Shares      Value  

Software — 3.7%

      

Concur Technologies, Inc.(1)

      27,992       $ 1,606,181   

Microsoft Corp.

      283,527         9,143,746   

Oracle Corp.

      103,117         3,006,892   

Quest Software, Inc.(1)

      11,338         263,835   

Symantec Corp.(1)

      8,033         150,217   
     

 

 

  
      $ 14,170,871   
     

 

 

  

Specialty Retail — 1.5%

      

Abercrombie & Fitch Co., Class A

      5,680       $ 281,785   

Advance Auto Parts, Inc.

      4,927         436,384   

Best Buy Co., Inc.

      21,465         508,291   

Home Depot, Inc. (The)

      65,676         3,304,160   

Tiffany & Co.

      14,641         1,012,132   
     

 

 

  
      $ 5,542,752   
     

 

 

  

Textiles, Apparel & Luxury Goods — 0.3%

      

Coach, Inc.

      3,446       $ 266,307   

NIKE, Inc., Class B

      7,588         822,843   
     

 

 

  
      $ 1,089,150   
     

 

 

  

Thrifts & Mortgage Finance — 0.2%

      

BankUnited, Inc.

      24,813       $ 620,325   

Hudson City Bancorp, Inc.

      40,046         292,736   
     

 

 

  
      $ 913,061   
     

 

 

  

Tobacco — 2.4%

      

Altria Group, Inc.

      46,067       $ 1,422,088   

Philip Morris International, Inc.

      74,580         6,608,534   

Reynolds American, Inc.

      27,499         1,139,559   
     

 

 

  
      $ 9,170,181   
     

 

 

  

Trading Companies & Distributors — 0.1%

      

Fastenal Co.

      10,080       $ 545,328   
     

 

 

  
      $ 545,328   
     

 

 

  

Total Common Stocks — 101.3%
(identified cost $255,507,512)

       $ 384,069,058   
     

 

 

  

Call Options Written — (1.6)%

 

N(000.000.000 N(000.000.000 N(000.000.000 N(000.000.000
Description    Number of
Contracts		      Strike
Price		      Expiration
Date		      Value  

S&P 500 Index

      1,370       $ 1,395         4/21/12       $ (3,411,300 ) 

S&P 500 Index

      1,240         1,400         4/21/12         (2,672,200 ) 
           

 

 

  

Total Call Options Written
(premiums received $6,386,656)

   

          $ (6,083,500 ) 
           

 

 

  

Other Assets, Less Liabilities — 0.3%

  

          $ 1,237,123   
           

 

 

  

Net Assets — 100.0%

  

    $ 379,222,681   
           

 

 

  

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

 

(1) Non-income producing security.

 

(2) Amount is less than 0.05%.

 

7

 

 

The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2012, as determined on a federal income tax basis, were as follows:

 

Aggregate cost    $     255,478,838   
  

 

 

  

Gross unrealized appreciation

    $ 128,732,804   

Gross unrealized depreciation

      (142,584 ) 
  

 

 

  
Net unrealized appreciation    $ 128,590,220   
  

 

 

  

Written call options activity for the fiscal year to date ended March 31, 2012 was as follows:

 

     Number of
Contracts		     Premiums
Received		  

Outstanding, beginning of period

      2,730      $ 7,207,933   

Options written

      7,940        18,462,839   

Options terminated in closing purchase transactions

      (8,060 )      (19,284,116 ) 
  

 

 

    

 

 

  
Outstanding, end of period      2,610      $     6,386,656   
  

 

 

    

 

 

  

All of the assets of the Fund are subject to segregation to satisfy the requirements of the escrow agent. At March 31, 2012, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund writes index call options above the current value of the index to generate premium income. In writing index call options, the Fund in effect, sells potential appreciation in the value of the applicable index above the exercise price in exchange for the option premium received. The Fund retains the risk of loss, minus the premium received, should the price of the underlying index decline.

At March 31, 2012, the aggregate fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in a liability position and whose primary underlying risk exposure is equity price risk was $6,083,500.

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

 

•  

Level 1 — quoted prices in active markets for identical investments

 

•  

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

•  

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At March 31, 2012, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

 

Asset Description    Level 1     Level 2      Level 3      Total  

Common Stocks

    $ 384,069,058 *    $ —       $ —       $ 384,069,058   

Total Investments

    $     384,069,058      $ —       $ —       $     384,069,058   
Liability Description                               

Call Options Written

    $ (6,083,500 )    $ —       $ —       $ (6,083,500 ) 

Total

    $ (6,083,500 )    $ —       $ —       $ (6,083,500 ) 

 

* The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

The Fund held no investments or other financial instruments as of December 31, 2011 whose fair value was determined using Level 3 inputs. At March 31, 2012, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

 

8

 

 

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Tax-Managed Buy-Write Income Fund

 

By:   /s/ Walter A. Row, III
  Walter A. Row, III
  President
Date:   May 25, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/ Walter A. Row, III
  Walter A. Row, III
  President
Date:   May 25, 2012

 

By:   /s/ Barbara E. Campbell
  Barbara E. Campbell
  Treasurer
Date:   May 25, 2012