Tax-Advantaged Global Dividend Income Fund
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File Number: 811-21470
Eaton Vance Tax-Advantaged Global Dividend 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
(Registrants Telephone Number)
October 31
Date of Fiscal Year End
April 30, 2011
Date of Reporting Period
Item 1. Reports to Stockholders
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Eaton Vance Tax-Advantaged Global Dividend Income Fund Semiannual Report April 30, 2011
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Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed
by, any depository institution. Shares are subject to investment risks, including possible loss of
principal invested.
Semiannual Report April 30, 2011
Eaton Vance
Tax-Advantaged Global Dividend Income Fund
Table of Contents
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2 |
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3 |
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4 |
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Financial Statements |
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5 |
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Board of Trustees Contract Approval |
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20 |
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Officers and Trustees |
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23 |
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Important Notices |
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24 |
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Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2011
Portfolio Managers Aamer Khan, CFA; Martha Locke; John Croft, CFA; Judith A. Saryan, CFA
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New York Stock Exchange (NYSE) Symbol |
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Inception Date (1/30/04) |
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ETG |
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% Average Annual Total Returns at net asset value (NAV) |
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Six Months |
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18.11 |
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One Year |
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27.90 |
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Five Years |
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1.82 |
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Since Inception |
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7.04 |
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% Average Annual Total Returns at market price, NYSE |
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Six Months |
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13.94 |
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One Year |
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20.32 |
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Five Years |
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2.43 |
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Since Inception |
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5.71 |
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% Premium/(Discount) to NAV (4/30/11) |
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-8.68 |
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Distributions |
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Total Distributions per share (10/31/10 4/30/11) |
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0.615 |
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Distribution Rate at NAV2 |
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7.17 |
% |
Distribution Rate at market price2 |
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7.85 |
% |
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% Total Leverage3 |
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Borrowings |
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23.48 |
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Comparative Performance4 |
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% Return |
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MSCI World Index* |
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Six Months |
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14.75 |
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One Year |
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18.25 |
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Five Years |
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2.32 |
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Since Inception (1/30/04) |
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5.97 |
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BofA Merrill Lynch Fixed-Rate Preferred Securities Index |
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Six Months |
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4.79 |
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One Year |
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12.98 |
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Five Years |
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0.57 |
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Since Inception (1/30/04) |
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1.02 |
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See Endnotes and Additional Disclosures on page 4.
Past performance is no guarantee of future results. Returns are historical and are calculated by
determining the percentage change in NAV or market price (as applicable) with all distributions
reinvested. Fund performance at market price will differ from its results at NAV due to factors
such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand
for Fund shares, or changes in Fund distributions. Investment return and principal value will
fluctuate so that shares, when sold, may be worth more or less than their original cost.
Performance less than one year is
cumulative. Performance is for the stated time period only; due to market volatility, current Fund
performance may be lower or higher than the quoted return. For performance as of the most recent
month end, please refer to www.eatonvance.com.
2
Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2011
Top 10 Holdings (% of total investments)
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Chevron Corp. |
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4.2 |
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McDonalds Corp. |
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3.7 |
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Philip Morris International, Inc. |
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3.5 |
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Deere & Co. |
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3.1 |
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Nestle SA |
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2.9 |
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Southern Copper Corp. |
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2.6 |
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ENI SpA |
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2.4 |
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Vivendi SA |
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2.1 |
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Allianz SE |
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2.1 |
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Tele2 AB |
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2.1 |
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Total % of total investments |
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28.7 |
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See Endnotes and Additional Disclosures on page 4.
3
Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2011
Endnotes and Additional Disclosures
1. |
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Performance results reflect the effects of leverage. |
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2. |
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The Distribution Rate is based on the Funds last regular distribution per share in the period
(annualized) divided by the Funds NAV or market price at the end of the period. The Funds
distributions may be comprised of ordinary income, net realized capital gains and return of
capital. |
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3. |
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Total leverage is shown as a percentage of the Funds aggregate net assets plus borrowings
outstanding. The Fund employs leverage through borrowings. Use of leverage creates an opportunity
for income, but creates risks including greater price volatility. The cost of borrowings rises and
falls with changes in short-term interest rates. The Fund is required to maintain prescribed asset
coverage for its borrowings, which could be reduced if Fund asset values decline. |
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4. |
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MSCI World Index is an unmanaged index of equity securities in the developed markets. Source:
MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties,
has not prepared or approved this report, and has no liability hereunder. BofA Merrill Lynch
Fixed-Rate Preferred Securities Index is an unmanaged index of fixed-rate, preferred securities
issued in the U.S. Indices do not reflect the effect of any applicable sales charges, commissions,
expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
4
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Portfolio
of Investments (Unaudited)
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Common Stocks 105.7%
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Security
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Shares
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Value
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Automobiles 2.4%
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Daimler
AG(1)
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400,000
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$
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30,914,523
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$
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30,914,523
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Chemicals 3.0%
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Air Liquide
SA(1)
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75,000
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$
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11,081,560
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BASF SE(1)
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280,000
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28,751,489
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$
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39,833,049
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Commercial
Banks 3.1%
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Nordea Bank
AB(1)
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1,100,000
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$
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12,541,647
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Wells Fargo &
Co.(1)
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985,461
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28,686,770
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$
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41,228,417
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Communications
Equipment 2.3%
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QUALCOMM,
Inc.(1)
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250,000
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$
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14,210,000
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Telefonaktiebolaget LM Ericsson,
Class B(1)
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1,050,000
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15,932,194
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$
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30,142,194
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Construction &
Engineering 1.1%
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Bouygues
SA(1)
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300,000
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$
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14,929,608
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$
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14,929,608
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Diversified Telecommunication
Services 11.9%
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AT&T,
Inc.(1)
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630,000
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$
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19,605,600
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BCE,
Inc.(1)
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400,000
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14,972,000
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Deutsche Telekom
AG(1)
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1,200,000
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19,831,498
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Koninklijke KPN
NV(1)
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950,000
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15,076,997
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Portugal Telecom SGPS SA
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700,470
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8,572,248
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Tele2
AB(1)
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1,400,000
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35,157,906
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Telecom Italia
SPA(1)
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17,500,000
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22,566,504
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Telekomunikacja Polska SA
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1,500,000
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9,916,375
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TeliaSonera
AB(1)
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1,236,942
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10,094,620
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$
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155,793,748
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Electric
Utilities 9.7%
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E.ON AG(1)
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800,000
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$
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27,343,279
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Edison
International(1)
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350,000
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13,744,500
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Enel
SpA(1)
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2,364,872
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16,864,688
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Entergy
Corp.(1)
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225,000
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15,687,000
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Scottish and Southern Energy
PLC(1)
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1,150,000
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26,089,817
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Terna Rete Elettrica Nazionale
SpA(1)
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5,500,000
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27,535,624
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$
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127,264,908
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Electrical
Equipment 1.6%
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ABB,
Ltd.(1)(2)
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740,000
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$
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20,435,302
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$
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20,435,302
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Energy Equipment &
Services 1.4%
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Seadrill,
Ltd.(1)
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500,000
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|
$
|
17,738,965
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$
|
17,738,965
|
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Food Products 3.8%
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Nestle
SA(1)
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|
800,000
|
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|
$
|
49,654,707
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|
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|
|
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|
|
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|
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|
$
|
49,654,707
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Hotels, Restaurants &
Leisure 4.8%
|
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McDonalds
Corp.(1)
|
|
|
800,000
|
|
|
$
|
62,648,000
|
|
|
|
|
|
|
|
|
|
|
|
$
|
62,648,000
|
|
|
|
|
|
|
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Industrial
Conglomerates 2.3%
|
|
Siemens
AG(1)
|
|
|
205,000
|
|
|
$
|
29,819,050
|
|
|
|
|
|
|
|
|
|
|
|
$
|
29,819,050
|
|
|
|
|
|
|
|
Insurance 9.2%
|
|
Allianz
SE(1)
|
|
|
225,000
|
|
|
$
|
35,349,988
|
|
|
|
Amlin
PLC(1)
|
|
|
500,000
|
|
|
|
3,497,227
|
|
|
|
MetLife,
Inc.(1)
|
|
|
750,000
|
|
|
|
35,092,500
|
|
|
|
Prudential Financial,
Inc.(1)
|
|
|
470,000
|
|
|
|
29,807,400
|
|
|
|
Zurich Financial Services
AG(1)(2)
|
|
|
60,000
|
|
|
|
16,870,712
|
|
|
|
|
|
|
|
|
|
|
|
$
|
120,617,827
|
|
|
|
|
|
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IT Services 1.4%
|
|
International Business Machines
Corp.(1)
|
|
|
110,000
|
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|
$
|
18,763,800
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$
|
18,763,800
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Machinery 4.0%
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Deere &
Co.(1)
|
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535,000
|
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|
$
|
52,162,500
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|
|
|
|
|
|
|
|
|
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$
|
52,162,500
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See Notes to
Financial Statements.
5
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Portfolio
of Investments (Unaudited) continued
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Security
|
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Shares
|
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Value
|
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Media 2.8%
|
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Vivendi
SA(1)
|
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1,150,000
|
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|
$
|
36,058,150
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|
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$
|
36,058,150
|
|
|
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|
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Metals &
Mining 3.4%
|
|
Southern Copper
Corp.(1)
|
|
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1,200,000
|
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|
$
|
44,952,000
|
|
|
|
|
|
|
|
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$
|
44,952,000
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Multi-Utilities 2.8%
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GDF
Suez(1)
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|
460,000
|
|
|
$
|
18,809,067
|
|
|
|
National Grid
PLC(1)
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|
|
500,000
|
|
|
|
5,130,045
|
|
|
|
United Utilities Group
PLC(1)
|
|
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1,250,000
|
|
|
|
13,208,991
|
|
|
|
|
|
|
|
|
|
|
|
$
|
37,148,103
|
|
|
|
|
|
|
|
Oil, Gas & Consumable
Fuels 15.3%
|
|
Chevron
Corp.(1)
|
|
|
650,000
|
|
|
$
|
71,136,000
|
|
|
|
ConocoPhillips(1)
|
|
|
235,000
|
|
|
|
18,548,550
|
|
|
|
ENI SpA(1)
|
|
|
1,550,000
|
|
|
|
41,499,129
|
|
|
|
Marathon Oil
Corp.(1)
|
|
|
400,000
|
|
|
|
21,616,000
|
|
|
|
Repsol YPF
SA(1)
|
|
|
500,000
|
|
|
|
17,849,587
|
|
|
|
Statoil
ASA(1)
|
|
|
1,000,000
|
|
|
|
29,293,906
|
|
|
|
|
|
|
|
|
|
|
|
$
|
199,943,172
|
|
|
|
|
|
|
|
Pharmaceuticals 5.0%
|
|
Bayer
AG(1)
|
|
|
85,000
|
|
|
$
|
7,462,535
|
|
|
|
Novartis
AG(1)
|
|
|
160,000
|
|
|
|
9,488,027
|
|
|
|
Pfizer,
Inc.(1)
|
|
|
835,000
|
|
|
|
17,501,600
|
|
|
|
Roche Holding
AG(1)
|
|
|
15,752
|
|
|
|
2,556,862
|
|
|
|
Sanofi-Aventis(1)
|
|
|
200,000
|
|
|
|
15,823,397
|
|
|
|
Takeda Pharmaceutical Co.,
Ltd.(1)
|
|
|
270,000
|
|
|
|
13,084,963
|
|
|
|
|
|
|
|
|
|
|
|
$
|
65,917,384
|
|
|
|
|
|
|
|
Real Estate Investment Trusts
(REITs) 3.6%
|
|
Annaly Capital Management,
Inc.(1)
|
|
|
1,200,000
|
|
|
$
|
21,408,000
|
|
|
|
AvalonBay Communities,
Inc.(1)
|
|
|
206,322
|
|
|
|
26,122,428
|
|
|
|
|
|
|
|
|
|
|
|
$
|
47,530,428
|
|
|
|
|
|
|
|
Road &
Rail 2.7%
|
|
Norfolk Southern
Corp.(1)
|
|
|
285,000
|
|
|
$
|
21,283,800
|
|
|
|
Union Pacific
Corp.(1)
|
|
|
135,000
|
|
|
|
13,968,450
|
|
|
|
|
|
|
|
|
|
|
|
$
|
35,252,250
|
|
|
|
|
|
|
|
Software 1.0%
|
|
Microsoft
Corp.(1)
|
|
|
500,000
|
|
|
$
|
13,010,000
|
|
|
|
|
|
|
|
|
|
|
|
$
|
13,010,000
|
|
|
|
|
|
|
|
Tobacco 6.6%
|
|
Altria Group,
Inc.(1)
|
|
|
350,000
|
|
|
$
|
9,394,000
|
|
|
|
British American Tobacco
PLC(1)
|
|
|
400,000
|
|
|
|
17,478,837
|
|
|
|
Philip Morris International,
Inc.(1)
|
|
|
850,000
|
|
|
|
59,024,000
|
|
|
|
|
|
|
|
|
|
|
|
$
|
85,896,837
|
|
|
|
|
|
|
|
Wireless Telecommunication
Services 0.5%
|
|
Millicom International Cellular
SA(1)
|
|
|
60,000
|
|
|
$
|
6,500,400
|
|
|
|
|
|
|
|
|
|
|
|
$
|
6,500,400
|
|
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
(identified cost $947,855,378)
|
|
$
|
1,384,155,322
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred Stocks 15.8%
|
|
Security
|
|
Shares
|
|
|
Value
|
|
|
|
|
|
|
Commercial
Banks 7.6%
|
|
Bank of America Corp.,
8.125%(3)
|
|
|
2,483
|
|
|
$
|
2,782,110
|
|
|
|
Barclays Bank PLC,
7.434%(3)(4)
|
|
|
8,450
|
|
|
|
9,070,906
|
|
|
|
BBVA International SA Unipersonal,
5.919%(3)
|
|
|
2,025
|
|
|
|
1,733,384
|
|
|
|
BNP Paribas,
7.195%(3)(4)
|
|
|
140
|
|
|
|
14,351,442
|
|
|
|
Credit Agricole SA/London,
6.637%(3)(4)
|
|
|
9,950
|
|
|
|
9,528,796
|
|
|
|
Farm Credit Bank of Texas, Series I, 10.00%
|
|
|
7,625
|
|
|
|
8,518,555
|
|
|
|
JPMorgan Chase & Co.,
7.90%(3)
|
|
|
7,135
|
|
|
|
7,868,271
|
|
|
|
KeyCorp, Series A, 7.75%
|
|
|
36,135
|
|
|
|
4,090,121
|
|
|
|
Landsbanki Islands HF,
7.431%(2)(3)(4)(5)(6)
|
|
|
14,850
|
|
|
|
0
|
|
|
|
Lloyds Banking Group PLC,
6.657%(2)(3)(4)
|
|
|
15,715
|
|
|
|
12,689,862
|
|
|
|
Royal Bank of Scotland Group PLC,
7.648%(3)
|
|
|
3,450
|
|
|
|
3,321,412
|
|
|
|
Royal Bank of Scotland Group PLC, Series F, 7.65%
|
|
|
57,778
|
|
|
|
1,401,116
|
|
|
|
Royal Bank of Scotland Group PLC, Series L, 5.75%
|
|
|
204,405
|
|
|
|
3,893,915
|
|
|
|
Standard Chartered PLC,
6.409%(3)(4)
|
|
|
99
|
|
|
|
10,023,344
|
|
|
|
Wells Fargo & Co., Class A, 7.50%
|
|
|
9,600
|
|
|
|
10,363,008
|
|
|
|
|
|
|
|
|
|
|
|
$
|
99,636,242
|
|
|
|
|
|
|
|
Consumer
Finance 0.8%
|
|
Ally Financial, Inc., Series A,
8.50%(3)
|
|
|
380,300
|
|
|
$
|
9,957,205
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,957,205
|
|
|
|
|
|
|
|
Diversified Financial
Services 0.2%
|
|
Heller Financial, Inc., Series D, 6.95%
|
|
|
31,000
|
|
|
$
|
3,145,533
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,145,533
|
|
|
|
|
|
|
See Notes to
Financial Statements.
6
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
|
|
|
|
Electric
Utilities 1.7%
|
|
Entergy Arkansas, Inc., 6.45%
|
|
|
54,000
|
|
|
$
|
1,321,315
|
|
|
|
Georgia Power Co., 6.50%
|
|
|
20,000
|
|
|
|
2,106,250
|
|
|
|
Southern California Edison Co., 6.00%
|
|
|
82,931
|
|
|
|
7,873,262
|
|
|
|
Southern California Edison Co., Series D, 6.50%
|
|
|
60,900
|
|
|
|
6,059,550
|
|
|
|
Virginia Electric and Power Co., 6.12%
|
|
|
47
|
|
|
|
4,780,962
|
|
|
|
|
|
|
|
|
|
|
|
$
|
22,141,339
|
|
|
|
|
|
|
|
Food Products 0.6%
|
|
Dairy Farmers of America,
7.875%(4)
|
|
|
75,230
|
|
|
$
|
6,923,515
|
|
|
|
Ocean Spray Cranberries, Inc.,
6.25%(4)
|
|
|
12,750
|
|
|
|
1,059,446
|
|
|
|
|
|
|
|
|
|
|
|
$
|
7,982,961
|
|
|
|
|
|
|
|
Insurance 3.9%
|
|
Aegon NV, 6.375%
|
|
|
180,238
|
|
|
$
|
4,192,336
|
|
|
|
Allianz SE, 8.375%
|
|
|
34,080
|
|
|
|
909,510
|
|
|
|
Arch Capital Group, Ltd., Series A, 8.00%
|
|
|
2,985
|
|
|
|
75,580
|
|
|
|
Aspen Insurance Holdings, Ltd.,
7.401%(3)
|
|
|
47,350
|
|
|
|
1,177,121
|
|
|
|
AXA SA,
6.379%(3)(4)
|
|
|
8,016
|
|
|
|
7,657,356
|
|
|
|
AXA SA,
6.463%(3)(4)
|
|
|
5,916
|
|
|
|
5,594,022
|
|
|
|
Endurance Specialty Holdings, Ltd., Series A, 7.75%
|
|
|
52,071
|
|
|
|
1,355,929
|
|
|
|
ING Capital Funding Trust III,
3.907%(3)
|
|
|
18,300
|
|
|
|
18,264,352
|
|
|
|
Prudential PLC, 6.50%
|
|
|
8,500
|
|
|
|
8,094,592
|
|
|
|
RenaissanceRe Holdings, Ltd., Series C, 6.08%
|
|
|
98,802
|
|
|
|
2,290,230
|
|
|
|
RenaissanceRe Holdings, Ltd., Series D, 6.60%
|
|
|
50,855
|
|
|
|
1,274,426
|
|
|
|
|
|
|
|
|
|
|
|
$
|
50,885,454
|
|
|
|
|
|
|
|
Real Estate Investment Trusts
(REITs) 1.0%
|
|
CapLease, Inc., Series A, 8.125%
|
|
|
200,000
|
|
|
$
|
4,942,000
|
|
|
|
Cedar Shopping Centers, Inc., Series A, 8.875%
|
|
|
120,000
|
|
|
|
3,046,800
|
|
|
|
Developers Diversified Realty Corp., Series I, 7.50%
|
|
|
67,000
|
|
|
|
1,677,680
|
|
|
|
Sunstone Hotel Investors, Inc., Series A, 8.00%
|
|
|
31,000
|
|
|
|
753,610
|
|
|
|
Sunstone Hotel Investors, Inc., Series D, 8.00%
|
|
|
91,200
|
|
|
|
2,240,100
|
|
|
|
|
|
|
|
|
|
|
|
$
|
12,660,190
|
|
|
|
|
|
|
|
|
Total Preferred Stocks
|
|
|
(identified cost $215,291,848)
|
|
$
|
206,408,924
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds & Notes 7.5%
|
|
|
|
Principal Amount
|
|
|
|
|
|
|
Security
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
|
|
Commercial
Banks 3.0%
|
|
Banco Industriale Comercial SA,
8.50%, 4/27/20(4)
|
|
$
|
1,050
|
|
|
$
|
1,118,250
|
|
|
|
Citigroup Capital XXI, 8.30% to 12/21/37, 12/21/57,
12/21/77(7)(8)
|
|
|
10,460
|
|
|
|
10,920,240
|
|
|
|
Groupe BPCE, 12.50% to 9/30/19,
8/29/49(4)(7)
|
|
|
5,653
|
|
|
|
6,601,930
|
|
|
|
HBOS Capital Funding, LP, 6.071% to 6/30/14,
6/29/49(4)(7)
|
|
|
2,010
|
|
|
|
1,889,400
|
|
|
|
Northgroup Preferred Capital Corp., 6.378% to 10/15/17,
1/29/49(4)(7)
|
|
|
8,900
|
|
|
|
8,691,509
|
|
|
|
PNC Preferred Funding Trust II, 6.113% to 3/15/12,
3/29/49(4)(7)
|
|
|
9,500
|
|
|
|
8,361,681
|
|
|
|
SunTrust Preferred Capital I, 5.853% to 12/15/11,
6/29/49(7)
|
|
|
2,800
|
|
|
|
2,352,000
|
|
|
|
|
|
|
|
|
|
|
|
$
|
39,935,010
|
|
|
|
|
|
|
|
Diversified Financial
Services 0.7%
|
|
GE Capital Trust I, 6.375% to 11/15/17,
11/15/67(7)
|
|
$
|
2,500
|
|
|
$
|
2,603,125
|
|
|
|
HSBC Finance Capital Trust IX, 5.911% to 11/30/15,
11/30/35(7)
|
|
|
6,515
|
|
|
|
6,409,131
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,012,256
|
|
|
|
|
|
|
|
Electric
Utilities 1.5%
|
|
Energisa SA,
9.50%, 1/29/49(4)
|
|
$
|
2,300
|
|
|
$
|
2,438,000
|
|
|
|
Integrys Energy Group, Inc., 6.11% to 12/1/16,
12/1/66(7)
|
|
|
6,110
|
|
|
|
6,025,352
|
|
|
|
PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17,
3/30/67(7)
|
|
|
8,600
|
|
|
|
8,556,527
|
|
|
|
Wisconsin Energy Corp., 6.25% to 5/15/17,
5/15/67(7)
|
|
|
2,700
|
|
|
|
2,716,872
|
|
|
|
|
|
|
|
|
|
|
|
$
|
19,736,751
|
|
|
|
|
|
|
|
Insurance 1.2%
|
|
MetLife, Inc., 10.75% to 8/1/34, 8/1/39,
8/1/69(7)(8)
|
|
$
|
2,660
|
|
|
$
|
3,760,461
|
|
|
|
QBE Capital Funding II LP, 6.797% to 6/1/17,
6/29/49(4)(7)
|
|
|
2,115
|
|
|
|
1,917,302
|
|
|
|
XL Capital, Ltd., 6.50% to 4/15/17,
12/29/49(7)
|
|
|
10,000
|
|
|
|
9,600,000
|
|
|
|
|
|
|
|
|
|
|
|
$
|
15,277,763
|
|
|
|
|
|
|
|
Pipelines 0.7%
|
|
Enbridge Energy Partners, LP, 8.05% to 10/1/17, 10/1/37,
10/1/77(7)(8)
|
|
$
|
2,465
|
|
|
$
|
2,696,821
|
|
|
|
Enterprise Products Operating, LLC, 7.00% to 6/1/17,
6/1/67(7)
|
|
|
2,920
|
|
|
|
2,926,570
|
|
|
|
Southern Union Co., 7.20% to 11/1/11,
11/1/66(7)
|
|
|
4,385
|
|
|
|
4,330,188
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,953,579
|
|
|
|
|
|
|
See Notes to
Financial Statements.
7
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount
|
|
|
|
|
|
|
Security
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Retail-Food and
Drug 0.4%
|
|
CVS Caremark Corp., 6.302% to 6/1/12, 6/1/37,
6/1/62(7)(8)
|
|
$
|
5,000
|
|
|
$
|
4,951,260
|
|
|
|
|
|
|
|
|
|
|
|
$
|
4,951,260
|
|
|
|
|
|
|
|
|
Total Corporate Bonds &
Notes
|
|
|
(identified cost $90,869,567)
|
|
$
|
98,866,619
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments 0.8%
|
|
|
|
Interest
|
|
|
|
|
|
|
Description
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Eaton Vance Cash Reserves Fund, LLC,
0.16%(9)
|
|
$
|
10,163
|
|
|
$
|
10,162,566
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
|
|
|
(identified cost $10,162,566)
|
|
$
|
10,162,566
|
|
|
|
|
|
|
|
|
Total Investments 129.8%
|
|
|
(identified
cost $1,264,179,359)
|
|
$
|
1,699,593,431
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less
Liabilities (29.8)%
|
|
$
|
(389,994,388
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets 100.0%
|
|
$
|
1,309,599,043
|
|
|
|
|
|
The percentage shown for each investment category in the
Portfolio of Investments is based on net assets.
|
|
|
(1) |
|
Security has been segregated as collateral with the custodian
for borrowings under the Committed Facility Agreement. |
(2) |
|
Non-income producing security. |
(3) |
|
Variable rate security. The stated interest rate represents the
rate in effect at April 30, 2011. |
(4) |
|
Security exempt from registration pursuant to Rule 144A
under the Securities Act of 1933. These securities may be sold
in certain transactions (normally to qualified institutional
buyers) and remain exempt from registration. At April 30,
2011, the aggregate value of these securities is $107,916,761 or
8.2% of the Funds net assets. |
(5) |
|
Defaulted security. |
(6) |
|
Security valued at fair value using methods determined in good
faith by or at the direction of the Trustees. |
(7) |
|
Security converts to floating rate after the indicated
fixed-rate coupon period. |
(8) |
|
The maturity dates shown are the scheduled maturity date and
final maturity date, respectively. The scheduled maturity date
is earlier than the final maturity date due to the possibility
of earlier repayment. |
(9) |
|
Affiliated investment company available to Eaton Vance
portfolios and funds which invests in high quality, U.S. dollar
denominated money market instruments. The rate shown is the
annualized
seven-day
yield as of April 30, 2011. |
|
|
|
|
|
|
|
|
|
|
|
Country Concentration of Portfolio
|
|
|
|
Percentage of
|
|
|
|
|
|
|
Country
|
|
Total Investments
|
|
|
Value
|
|
|
|
|
|
United States
|
|
|
49.5
|
%
|
|
$
|
840,621,217
|
|
|
|
Germany
|
|
|
10.6
|
|
|
|
180,381,872
|
|
|
|
France
|
|
|
6.9
|
|
|
|
116,555,090
|
|
|
|
Italy
|
|
|
6.4
|
|
|
|
108,465,945
|
|
|
|
Switzerland
|
|
|
5.8
|
|
|
|
99,005,610
|
|
|
|
United Kingdom
|
|
|
5.0
|
|
|
|
85,279,210
|
|
|
|
Sweden
|
|
|
4.3
|
|
|
|
73,726,367
|
|
|
|
Peru
|
|
|
2.6
|
|
|
|
44,952,000
|
|
|
|
Norway
|
|
|
1.7
|
|
|
|
29,293,906
|
|
|
|
Bermuda
|
|
|
1.2
|
|
|
|
20,266,092
|
|
|
|
Spain
|
|
|
1.0
|
|
|
|
17,849,587
|
|
|
|
Netherlands
|
|
|
0.9
|
|
|
|
15,076,997
|
|
|
|
Canada
|
|
|
0.9
|
|
|
|
14,972,000
|
|
|
|
Japan
|
|
|
0.8
|
|
|
|
13,084,963
|
|
|
|
Poland
|
|
|
0.6
|
|
|
|
9,916,375
|
|
|
|
Cayman Islands
|
|
|
0.6
|
|
|
|
9,600,000
|
|
|
|
Portugal
|
|
|
0.5
|
|
|
|
8,572,248
|
|
|
|
Luxembourg
|
|
|
0.4
|
|
|
|
6,500,400
|
|
|
|
Brazil
|
|
|
0.2
|
|
|
|
3,556,250
|
|
|
|
Australia
|
|
|
0.1
|
|
|
|
1,917,302
|
|
|
|
Iceland
|
|
|
0.0
|
|
|
|
0
|
|
|
|
|
|
Total Investments
|
|
|
100.0
|
%
|
|
$
|
1,699,593,431
|
|
|
|
|
|
See Notes to
Financial Statements.
8
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Statement
of Assets and Liabilities (Unaudited)
|
|
|
|
|
|
|
Assets
|
|
April 30, 2011
|
|
|
|
Unaffiliated investments, at value (identified cost,
$1,254,016,793)
|
|
$
|
1,689,430,865
|
|
|
|
Affiliated investment, at value (identified cost, $10,162,566)
|
|
|
10,162,566
|
|
|
|
Foreign currency, at value (identified cost, $490,315)
|
|
|
487,950
|
|
|
|
Dividends and interest receivable
|
|
|
6,828,847
|
|
|
|
Interest receivable from affiliated investment
|
|
|
1,329
|
|
|
|
Receivable for investments sold
|
|
|
10,071,465
|
|
|
|
Tax reclaims receivable
|
|
|
4,386,776
|
|
|
|
|
|
Total assets
|
|
$
|
1,721,369,798
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities
|
|
Notes payable
|
|
$
|
402,000,000
|
|
|
|
Payable for investments purchased
|
|
|
8,170,931
|
|
|
|
Payable to affiliates:
|
|
|
|
|
|
|
Investment adviser fee
|
|
|
1,225,636
|
|
|
|
Trustees fees
|
|
|
4,208
|
|
|
|
Accrued expenses
|
|
|
369,980
|
|
|
|
|
|
Total liabilities
|
|
$
|
411,770,755
|
|
|
|
|
|
Net assets
|
|
$
|
1,309,599,043
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sources of Net Assets
|
|
Common shares, $0.01 par value, unlimited number of shares
authorized, 76,300,214 shares issued and outstanding
|
|
$
|
763,002
|
|
|
|
Additional paid-in capital
|
|
|
1,447,517,855
|
|
|
|
Accumulated net realized loss
|
|
|
(573,473,529
|
)
|
|
|
Accumulated distributions in excess of net investment income
|
|
|
(1,216,659
|
)
|
|
|
Net unrealized appreciation
|
|
|
436,008,374
|
|
|
|
|
|
Net assets
|
|
$
|
1,309,599,043
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value
|
|
($1,309,599,043
¸
76,300,214 common shares issued and outstanding)
|
|
$
|
17.16
|
|
|
|
|
|
See Notes to
Financial Statements.
9
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Statement
of Operations (Unaudited)
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
|
Investment Income
|
|
April 30, 2011
|
|
|
|
Dividends (net of foreign taxes, $2,224,788)
|
|
$
|
49,525,775
|
|
|
|
Interest
|
|
|
3,240,101
|
|
|
|
Interest income allocated from affiliated investment
|
|
|
13,045
|
|
|
|
Expenses allocated from affiliated investment
|
|
|
(619
|
)
|
|
|
|
|
Total investment income
|
|
$
|
52,778,302
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses
|
|
Investment adviser fee
|
|
$
|
6,724,953
|
|
|
|
Trustees fees and expenses
|
|
|
25,517
|
|
|
|
Custodian fee
|
|
|
249,613
|
|
|
|
Transfer and dividend disbursing agent fees
|
|
|
9,122
|
|
|
|
Legal and accounting services
|
|
|
297,021
|
|
|
|
Printing and postage
|
|
|
64,703
|
|
|
|
Interest expense and fees
|
|
|
2,218,475
|
|
|
|
Miscellaneous
|
|
|
56,615
|
|
|
|
|
|
Total expenses
|
|
$
|
9,646,019
|
|
|
|
|
|
Deduct
|
|
|
|
|
|
|
Reduction of investment adviser fee
|
|
$
|
578,704
|
|
|
|
Reduction of custodian fee
|
|
|
287
|
|
|
|
|
|
Total expense reductions
|
|
$
|
578,991
|
|
|
|
|
|
|
|
|
|
|
|
|
Net expenses
|
|
$
|
9,067,028
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income
|
|
$
|
43,711,274
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and Unrealized Gain (Loss)
|
|
Net realized gain (loss)
|
|
|
|
|
|
|
Investment transactions
|
|
$
|
64,396,142
|
|
|
|
Investment transactions allocated from affiliated investment
|
|
|
145
|
|
|
|
Foreign currency transactions
|
|
|
(200,127
|
)
|
|
|
|
|
Net realized gain
|
|
$
|
64,196,160
|
|
|
|
|
|
Change in unrealized appreciation (depreciation)
|
|
|
|
|
|
|
Investments
|
|
$
|
92,552,337
|
|
|
|
Foreign currency
|
|
|
310,141
|
|
|
|
|
|
Net change in unrealized appreciation (depreciation)
|
|
$
|
92,862,478
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized gain
|
|
$
|
157,058,638
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in net assets from operations
|
|
$
|
200,769,912
|
|
|
|
|
|
See Notes to
Financial Statements.
10
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Statements
of Changes in Net Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
|
|
|
|
|
April 30, 2011
|
|
Year Ended
|
|
|
Increase (Decrease)
in Net Assets
|
|
(Unaudited)
|
|
October 31, 2010
|
|
|
|
From operations
|
|
|
|
|
|
|
|
|
|
|
Net investment income
|
|
$
|
43,711,274
|
|
|
$
|
94,756,599
|
|
|
|
Net realized gain (loss) from investment, foreign currency and
forward foreign currency exchange contract transactions
|
|
|
64,196,160
|
|
|
|
(28,391,200
|
)
|
|
|
Net change in unrealized appreciation (depreciation) from
investments and foreign currency
|
|
|
92,862,478
|
|
|
|
123,231,207
|
|
|
|
|
|
Net increase in net assets from operations
|
|
$
|
200,769,912
|
|
|
$
|
189,596,606
|
|
|
|
|
|
Distributions to shareholders
|
|
|
|
|
|
|
|
|
|
|
From net investment income
|
|
$
|
(46,924,632
|
)
|
|
$
|
(93,813,708
|
)
|
|
|
|
|
Total distributions
|
|
$
|
(46,924,632
|
)
|
|
$
|
(93,813,708
|
)
|
|
|
|
|
Capital share transactions
|
|
|
|
|
|
|
|
|
|
|
Reinvestment of distributions
|
|
$
|
|
|
|
$
|
465,513
|
|
|
|
|
|
Net increase in net assets from capital share transactions
|
|
$
|
|
|
|
$
|
465,513
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in net assets
|
|
$
|
153,845,280
|
|
|
$
|
96,248,411
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets
|
|
At beginning of period
|
|
$
|
1,155,753,763
|
|
|
$
|
1,059,505,352
|
|
|
|
|
|
At end of period
|
|
$
|
1,309,599,043
|
|
|
$
|
1,155,753,763
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated undistributed
(distributions in excess of) net investment income
included in net assets
|
|
At end of period
|
|
$
|
(1,216,659
|
)
|
|
$
|
1,996,699
|
|
|
|
|
|
See Notes to
Financial Statements.
11
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Statement
of Cash Flows (Unaudited)
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
|
Cash Flows From
Operating Activities
|
|
April 30, 2011
|
|
|
|
Net increase in net assets from operations
|
|
$
|
200,769,912
|
|
|
|
Adjustments to reconcile net increase in net assets from
operations to net cash provided by operating activities:
|
|
|
|
|
|
|
Investments purchased
|
|
|
(687,876,290
|
)
|
|
|
Investments sold
|
|
|
681,079,460
|
|
|
|
Decrease in short-term investments, net
|
|
|
21,762,918
|
|
|
|
Net amortization/accretion of premium (discount)
|
|
|
20,248
|
|
|
|
Increase in dividends and interest receivable
|
|
|
(3,866,721
|
)
|
|
|
Decrease in interest receivable from affiliated investment
|
|
|
6,465
|
|
|
|
Increase in receivable for investments sold
|
|
|
(8,454,797
|
)
|
|
|
Increase in tax reclaims receivable
|
|
|
(324,891
|
)
|
|
|
Increase in payable for investments purchased
|
|
|
1,042,417
|
|
|
|
Increase in payable to affiliate for investment adviser fee
|
|
|
267,828
|
|
|
|
Increase in payable to affiliate for Trustees fees
|
|
|
266
|
|
|
|
Decrease in accrued expenses
|
|
|
(97,252
|
)
|
|
|
Net change in unrealized (appreciation) depreciation from
investments
|
|
|
(92,552,337
|
)
|
|
|
Net realized gain from investments
|
|
|
(64,396,142
|
)
|
|
|
|
|
Net cash provided by operating activities
|
|
$
|
47,381,084
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Flows From Financing Activities
|
|
Distributions paid, net of reinvestments
|
|
$
|
(46,924,632
|
)
|
|
|
|
|
Net cash used in financing activities
|
|
$
|
(46,924,632
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in cash*
|
|
$
|
456,452
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash at beginning of
period(1)
|
|
$
|
31,498
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash at end of
period(1)
|
|
$
|
487,950
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of cash
flow information:
|
|
Cash paid for interest and fees on borrowings
|
|
$
|
2,232,968
|
|
|
|
|
|
|
|
|
(1) |
|
Balance includes foreign currency, at value. |
* |
|
Includes net change in unrealized appreciation (depreciation) on
foreign currency of $(2,237). |
See Notes to
Financial Statements.
12
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Selected data for a common share
outstanding during the periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
Year Ended October 31,
|
|
Period Ended
|
|
Year Ended
|
|
|
|
|
April 30, 2011
|
|
|
|
October 31,
|
|
December 31,
|
|
|
|
|
(Unaudited)
|
|
2010
|
|
2009
|
|
2008
|
|
2007
|
|
2006(1)
|
|
2005
|
|
|
|
Net asset value Beginning of period (Common shares)
|
|
$
|
15.150
|
|
|
$
|
13.890
|
|
|
$
|
14.340
|
|
|
$
|
31.370
|
|
|
$
|
26.210
|
|
|
$
|
22.170
|
|
|
$
|
21.680
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) From
Operations
|
|
Net investment
income(2)
|
|
$
|
0.573
|
|
|
$
|
1.242
|
|
|
$
|
1.114
|
|
|
$
|
2.320
|
|
|
$
|
2.102
|
|
|
$
|
1.635
|
|
|
$
|
1.624
|
|
|
|
Net realized and unrealized gain (loss)
|
|
|
2.052
|
|
|
|
1.248
|
|
|
|
(0.108
|
)
|
|
|
(17.421
|
)
|
|
|
5.158
|
|
|
|
3.868
|
|
|
|
0.482
|
|
|
|
Distributions to preferred shareholders
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net investment income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(0.203
|
)
|
|
|
(0.468
|
)
|
|
|
(0.365
|
)
|
|
|
(0.310
|
)
|
|
|
|
|
Total income (loss) from operations
|
|
$
|
2.625
|
|
|
$
|
2.490
|
|
|
$
|
1.006
|
|
|
$
|
(15.304
|
)
|
|
$
|
6.792
|
|
|
$
|
5.138
|
|
|
$
|
1.796
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less Distributions
to Common Shareholders
|
|
From net investment income
|
|
$
|
(0.615
|
)
|
|
$
|
(1.230
|
)
|
|
$
|
(1.456
|
)
|
|
$
|
(1.726
|
)
|
|
$
|
(1.632
|
)
|
|
$
|
(1.098
|
)
|
|
$
|
(1.308
|
)
|
|
|
|
|
Total distributions to common shareholders
|
|
$
|
(0.615
|
)
|
|
$
|
(1.230
|
)
|
|
$
|
(1.456
|
)
|
|
$
|
(1.726
|
)
|
|
$
|
(1.632
|
)
|
|
$
|
(1.098
|
)
|
|
$
|
(1.308
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred and common shares offering costs charged to paid-in
capital(2)
|
|
$
|
|
|
|
$
|
|
|
|
$
|
|
|
|
$
|
|
|
|
$
|
|
|
|
$
|
|
|
|
$
|
0.002
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value End of period (Common shares)
|
|
$
|
17.160
|
|
|
$
|
15.150
|
|
|
$
|
13.890
|
|
|
$
|
14.340
|
|
|
$
|
31.370
|
|
|
$
|
26.210
|
|
|
$
|
22.170
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market value End of period (Common shares)
|
|
$
|
15.670
|
|
|
$
|
14.340
|
|
|
$
|
12.550
|
|
|
$
|
12.300
|
|
|
$
|
28.300
|
|
|
$
|
24.690
|
|
|
$
|
20.560
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Return on Net Asset
Value(3)
|
|
|
18.11
|
%(4)
|
|
|
19.46
|
%
|
|
|
11.37
|
%
|
|
|
(50.33
|
)%
|
|
|
27.22
|
%
|
|
|
24.73
|
%(4)
|
|
|
9.68
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Return on Market
Value(3)
|
|
|
13.94
|
%(4)
|
|
|
25.06
|
%
|
|
|
17.40
|
%
|
|
|
(52.78
|
)%
|
|
|
21.83
|
%
|
|
|
26.70
|
%(4)
|
|
|
11.43
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Financial Statements.
13
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Financial
Highlights continued
Selected data for a common share
outstanding during the periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
Year Ended October 31,
|
|
Period Ended
|
|
Year Ended
|
|
|
|
|
April 30, 2011
|
|
|
|
October 31,
|
|
December 31,
|
|
|
Ratios/Supplemental
Data
|
|
(Unaudited)
|
|
2010
|
|
2009
|
|
2008
|
|
2007
|
|
2006(1)
|
|
2005
|
|
|
|
Net assets applicable to common shares, end of period
(000s omitted)
|
|
$
|
1,309,599
|
|
|
$
|
1,155,754
|
|
|
$
|
1,059,505
|
|
|
$
|
1,093,466
|
|
|
$
|
2,392,750
|
|
|
$
|
1,998,876
|
|
|
$
|
1,690,612
|
|
|
|
Ratios (as a percentage of average daily net assets applicable
to common
shares):(5)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses excluding interest and
fees(6)
|
|
|
1.16
|
%(7)
|
|
|
1.10
|
%
|
|
|
1.07
|
%
|
|
|
1.03
|
%
|
|
|
1.04
|
%
|
|
|
1.10
|
%(7)
|
|
|
1.15
|
%
|
|
|
Interest and fee
expense(8)
|
|
|
0.37
|
%(7)
|
|
|
0.41
|
%
|
|
|
0.87
|
%
|
|
|
0.65
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total expenses
(6)
|
|
|
1.53
|
%(7)
|
|
|
1.51
|
%
|
|
|
1.94
|
%
|
|
|
1.68
|
%
|
|
|
1.04
|
%
|
|
|
1.10
|
%(7)
|
|
|
1.15
|
%
|
|
|
Net investment income
|
|
|
7.37
|
%(7)
|
|
|
8.71
|
%
|
|
|
9.06
|
%
|
|
|
9.25
|
%
|
|
|
7.30
|
%
|
|
|
8.14
|
%(7)
|
|
|
7.38
|
%
|
|
|
Portfolio Turnover
|
|
|
43
|
%(4)
|
|
|
103
|
%
|
|
|
87
|
%
|
|
|
82
|
%
|
|
|
35
|
%
|
|
|
34
|
%(4)
|
|
|
97
|
%
|
|
|
|
|
The ratios reported above are based on net assets applicable
solely to common shares. The ratios based on net assets,
including amounts related to preferred shares and borrowings,
are as follows:
|
Ratios (as a percentage of average daily net assets applicable
to common shares plus preferred shares and
borrowings):(5)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses excluding interest and
fees(6)
|
|
|
0.86
|
%(7)
|
|
|
0.84
|
%
|
|
|
0.77
|
%
|
|
|
0.75
|
%
|
|
|
0.77
|
%
|
|
|
0.78
|
%(7)
|
|
|
0.79
|
%
|
|
|
Interest and fee
expense(8)
|
|
|
0.28
|
%(7)
|
|
|
0.31
|
%
|
|
|
0.62
|
%
|
|
|
0.47
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total expenses
(6)
|
|
|
1.14
|
%(7)
|
|
|
1.15
|
%
|
|
|
1.39
|
%
|
|
|
1.22
|
%
|
|
|
0.77
|
%
|
|
|
0.78
|
%(7)
|
|
|
0.79
|
%
|
|
|
Net investment income
|
|
|
5.51
|
%(7)
|
|
|
6.63
|
%
|
|
|
6.48
|
%
|
|
|
6.70
|
%
|
|
|
5.44
|
%
|
|
|
5.78
|
%(7)
|
|
|
5.10
|
%
|
|
|
|
|
Senior Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total notes payable outstanding (in 000s)
|
|
$
|
402,000
|
|
|
$
|
402,000
|
|
|
$
|
339,000
|
|
|
$
|
499,000
|
|
|
$
|
|
|
|
$
|
|
|
|
$
|
|
|
|
|
Asset coverage per $1,000 of notes
payable(9)
|
|
$
|
4,258
|
|
|
$
|
3,875
|
|
|
$
|
4,125
|
|
|
$
|
3,191
|
|
|
$
|
|
|
|
$
|
|
|
|
$
|
|
|
|
|
Total preferred shares outstanding
|
|
|
|
(10)
|
|
|
|
(10)
|
|
|
|
(10)
|
|
|
|
(10)
|
|
|
30,000
|
|
|
|
30,000
|
|
|
|
30,000
|
|
|
|
Asset coverage per preferred
share(11)
|
|
$
|
|
(10)
|
|
$
|
|
(10)
|
|
$
|
|
(10)
|
|
$
|
|
(10)
|
|
$
|
104,767
|
|
|
$
|
91,638
|
|
|
$
|
81,359
|
|
|
|
Involuntary liquidation preference per preferred
share(12)
|
|
$
|
|
(10)
|
|
$
|
|
(10)
|
|
$
|
|
(10)
|
|
$
|
|
(10)
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
|
Approximate market value per preferred
share(12)
|
|
$
|
|
(10)
|
|
$
|
|
(10)
|
|
$
|
|
(10)
|
|
$
|
|
(10)
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
|
|
|
|
|
|
(1) |
|
For the ten-month period ended October 31, 2006. The Fund
changed its fiscal year-end from December 31 to October 31. |
(2) |
|
Computed using average common shares outstanding. |
(3) |
|
Returns are historical and are calculated by determining the
percentage change in net asset value or market value with all
distributions reinvested. |
(4) |
|
Not annualized. |
(5) |
|
Ratios do not reflect the effect of dividend payments to
preferred shareholders. |
(6) |
|
Excludes the effect of custody fee credits, if any, of less than
0.005%. |
(7) |
|
Annualized. |
(8) |
|
Interest and fee expense relates to the notes payable incurred
to redeem the Funds preferred shares (see Note 7). |
(9) |
|
Calculated by subtracting the Funds total liabilities (not
including the notes payable) from the Funds total assets,
and dividing the result by the notes payable balance in
thousands. |
(10) |
|
The Funds preferred shares were fully redeemed during the
year ended October 31, 2008. |
(11) |
|
Calculated by subtracting the Funds total liabilities (not
including the preferred shares) from the Funds total
assets, and dividing the result by the number of preferred
shares outstanding. |
(12) |
|
Plus accumulated and unpaid dividends. |
See Notes to
Financial Statements.
14
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Notes
to Financial Statements (Unaudited)
1 Significant
Accounting Policies
Eaton Vance Tax-Advantaged Global Dividend Income Fund (the
Fund) is a Massachusetts business trust registered under the
Investment Company Act of 1940, as amended (the 1940 Act), as a
diversified, closed-end management investment company. The
Funds investment objective is to provide a high level of
after-tax total return consisting primarily of tax-advantaged
dividend income and capital appreciation. The Fund pursues its
objective by investing primarily in dividend-paying common and
preferred stocks.
The following is a summary of significant accounting policies of
the Fund. The policies are in conformity with accounting
principles generally accepted in the United States of America.
A Investment
Valuation Equity securities (including common
shares of closed-end investment companies) listed on a U.S.
securities exchange generally are valued at the last sale or
closing price on the day of valuation or, if no sales took place
on such date, at the mean between the closing bid and asked
prices therefore on the exchange where such securities are
principally traded. Equity securities listed on the NASDAQ
Global or Global Select Market generally are valued at the
NASDAQ official closing price. Unlisted or listed securities for
which closing sales prices or closing quotations are not
available are valued at the mean between the latest available
bid and asked prices or, in the case of preferred equity
securities that are not listed or traded in the over-the-counter
market, by a third party pricing service that will use various
techniques that consider factors including, but not limited to,
prices or yields of securities with similar characteristics,
benchmark yields, broker/dealer quotes, quotes of underlying
common stock, issuer spreads, as well as industry and economic
events. The value of preferred equity securities that are valued
by a pricing service on a bond basis will be adjusted by an
income factor, to be determined by the investment adviser, to
reflect the next anticipated regular dividend. Debt obligations
(including short-term obligations with a remaining maturity of
more than sixty days) are generally valued on the basis of
valuations provided by third party pricing services, as derived
from such services pricing models. Inputs to the models
may include, but are not limited to, reported trades, executable
bid and asked prices, broker/dealer quotations, prices or yields
of securities with similar characteristics, benchmark curves or
information pertaining to the issuer, as well as industry and
economic events. The pricing services may use a matrix approach,
which considers information regarding securities with similar
characteristics to determine the valuation for a security.
Short-term debt securities purchased with a remaining maturity
of sixty days or less are generally valued at amortized cost,
which approximates market value. Foreign securities and
currencies are valued in U.S. dollars, based on foreign currency
exchange rate quotations supplied by a third party pricing
service. The pricing service uses a proprietary model to
determine the exchange rate. Inputs to the model include
reported trades and implied bid/ask spreads. Forward foreign
currency exchange contracts are generally valued at the mean of
the average bid and average asked prices that are reported by
currency dealers to a third party pricing service at the
valuation time. Such third party pricing service valuations are
supplied for specific settlement periods and the Funds
forward foreign currency exchange contracts are valued at an
interpolated rate between the closest preceding and subsequent
settlement period reported by the third party pricing service.
The daily valuation of exchange-traded foreign securities
generally is determined as of the close of trading on the
principal exchange on which such securities trade. Events
occurring after the close of trading on foreign exchanges may
result in adjustments to the valuation of foreign securities to
more accurately reflect their fair value as of the close of
regular trading on the New York Stock Exchange. When valuing
foreign equity securities that meet certain criteria, the
Trustees have approved the use of a fair value service that
values such securities to reflect market trading that occurs
after the close of the applicable foreign markets of comparable
securities or other instruments that have a strong correlation
to the fair-valued securities. Investments for which valuations
or market quotations are not readily available or are deemed
unreliable are valued at fair value using methods determined in
good faith by or at the direction of the Trustees of the Fund in
a manner that most fairly reflects the securitys value, or
the amount that the Fund might reasonably expect to receive for
the security upon its current sale in the ordinary course. Each
such determination is based on a consideration of all relevant
factors, which are likely to vary from one pricing context to
another. These factors may include, but are not limited to, the
type of security, the existence of any contractual restrictions
on the securitys disposition, the price and extent of
public trading in similar securities of the issuer or of
comparable companies or entities, quotations or relevant
information obtained from broker-dealers or other market
participants, information obtained from the issuer, analysts,
and/or the
appropriate stock exchange (for exchange-traded securities), an
analysis of the companys or entitys financial
condition, and an evaluation of the forces that influence the
issuer and the market(s) in which the security is purchased and
sold.
The Fund may invest in Eaton Vance Cash Reserves Fund, LLC (Cash
Reserves Fund), an affiliated investment company managed by
Eaton Vance Management (EVM). Cash Reserves Fund generally
values its investment securities utilizing the amortized cost
valuation technique in accordance with
Rule 2a-7
under the 1940 Act. This technique involves initially valuing a
portfolio security at its cost and thereafter assuming a
constant amortization to maturity of any discount or premium. If
amortized cost is determined not to approximate fair value, Cash
Reserves Fund may value its investment securities in the same
manner as debt obligations described above.
B Investment
Transactions Investment transactions for
financial statement purposes are accounted for on a trade date
basis. Realized gains and losses on investments sold are
determined on the basis of identified cost.
C Income
Dividend income is recorded on the ex-dividend date for
dividends received in cash
and/or
securities. However, if the ex-dividend date has passed, certain
dividends from foreign securities are recorded as the Fund is
informed of the ex-dividend date. Withholding taxes on foreign
dividends, interest and capital gains have been provided for in
accordance with the Funds understanding of the applicable
countries tax rules and rates. Interest income is recorded
on the basis of interest accrued, adjusted for amortization of
premium or accretion of discount.
D Federal
Taxes The Funds policy is to comply
with the provisions of the Internal Revenue Code applicable to
regulated investment companies and to distribute to shareholders
each year substantially all of its net investment income, and
all or substantially all of its net realized capital gains.
Accordingly, no provision for federal income or excise tax is
necessary.
15
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Notes
to Financial Statements (Unaudited) continued
At October 31, 2010, the Fund, for federal income tax
purposes, had a capital loss carryforward of $636,067,890 which
will reduce its taxable income arising from future net realized
gains on investment transactions, if any, to the extent
permitted by the Internal Revenue Code, and thus will reduce the
amount of distributions to shareholders, which would otherwise
be necessary to relieve the Fund of any liability for federal
income or excise tax. Such capital loss carryforward will expire
on October 31, 2012 ($52,539,884), October 31, 2013
($19,953,734), October 31, 2014 ($31,368,172),
October 31, 2015 ($4,901,953), October 31, 2016
($283,602,117), October 31, 2017 ($211,946,849) and
October 31, 2018 ($31,755,181).
As of April 30, 2011, the Fund had no uncertain tax
positions that would require financial statement recognition,
de-recognition, or disclosure. Each of the Funds federal
tax returns filed in the
3-year
period ended October 31, 2010 remains subject to
examination by the Internal Revenue Service.
E Expense
Reduction State Street Bank and
Trust Company (SSBT) serves as custodian of the Fund.
Pursuant to the custodian agreement, SSBT receives a fee reduced
by credits, which are determined based on the average daily cash
balance the Fund maintains with SSBT. All credit balances, if
any, used to reduce the Funds custodian fees are reported
as a reduction of expenses in the Statement of Operations.
F Foreign Currency
Translation Investment valuations, other
assets, and liabilities initially expressed in foreign
currencies are translated each business day into U.S. dollars
based upon current exchange rates. Purchases and sales of
foreign investment securities and income and expenses
denominated in foreign currencies are translated into U.S.
dollars based upon currency exchange rates in effect on the
respective dates of such transactions. Recognized gains or
losses on investment transactions attributable to changes in
foreign currency exchange rates are recorded for financial
statement purposes as net realized gains and losses on
investments. That portion of unrealized gains and losses on
investments that results from fluctuations in foreign currency
exchange rates is not separately disclosed.
G Use of
Estimates The preparation of the financial
statements in conformity with accounting principles generally
accepted in the United States of America requires management to
make estimates and assumptions that affect the reported amounts
of assets and liabilities at the date of the financial
statements and the reported amounts of income and expense during
the reporting period. Actual results could differ from those
estimates.
H Indemnifications
Under the Funds organizational documents, its officers and
Trustees may be indemnified against certain liabilities and
expenses arising out of the performance of their duties to the
Fund. Under Massachusetts law, if certain conditions prevail,
shareholders of a Massachusetts business trust (such as the
Fund) could be deemed to have personal liability for the
obligations of the Fund. However, the Funds Declaration of
Trust contains an express disclaimer of liability on the part of
Fund shareholders and the By-laws provide that the Fund shall
assume the defense on behalf of any Fund shareholders. Moreover,
the By-laws also provide for indemnification out of Fund
property of any shareholder held personally liable solely by
reason of being or having been a shareholder for all loss or
expense arising from such liability. Additionally, in the normal
course of business, the Fund enters into agreements with service
providers that may contain indemnification clauses. The
Funds maximum exposure under these arrangements is unknown
as this would involve future claims that may be made against the
Fund that have not yet occurred.
I Forward Foreign Currency
Exchange Contracts The Fund may enter into
forward foreign currency exchange contracts for the purchase or
sale of a specific foreign currency at a fixed price on a future
date. The forward foreign currency exchange contracts are
adjusted by the daily exchange rate of the underlying currency
and any gains or losses are recorded as unrealized until such
time as the contracts have been closed or offset by another
contract with the same broker for the same settlement date and
currency. Risks may arise upon entering these contracts from the
potential inability of counterparties to meet the terms of their
contracts and from movements in the value of a foreign currency
relative to the U.S. dollar.
J Statement of Cash
Flows The cash amount shown in the Statement
of Cash Flows of the Fund is the amount included in the
Funds Statement of Assets and Liabilities and represents
the cash on hand at its custodian and does not include any
short-term investments.
K Interim Financial
Statements The interim financial statements
relating to April 30, 2011 and for the six months then
ended have not been audited by an independent registered public
accounting firm, but in the opinion of the Funds
management, reflect all adjustments, consisting only of normal
recurring adjustments, necessary for the fair presentation of
the financial statements.
2 Distributions
to Shareholders
The Fund intends to make monthly distributions of net investment
income to common shareholders. In addition, at least annually,
the Fund intends to distribute all or substantially all of its
net realized capital gains (reduced by available capital loss
carryforwards from prior years, if any). Distributions are
recorded on the ex-dividend date. The Fund distinguishes between
distributions on a tax basis and a financial reporting basis.
Accounting principles generally accepted in the United States of
America require that only distributions in excess of tax basis
earnings and profits be reported in the financial statements as
a return of capital. Permanent differences between book and tax
accounting relating to distributions are reclassified to paid-in
capital. For tax purposes, distributions from short-term capital
gains are considered to be from ordinary income.
3 Investment
Adviser Fee and Other Transactions with Affiliates
The investment adviser fee is earned by EVM as compensation for
management and investment advisory services rendered to the
Fund. Pursuant to the investment advisory agreement and
subsequent fee reduction agreement, the fee is computed at an
annual rate of 0.85% of its average daily gross assets up to and
including $1.5 billion, 0.83% over $1.5 billion up to
and including $3 billion, and at reduced rates as daily
gross assets exceed $3 billion and is payable monthly.
Gross assets as referred to herein represent net assets plus
obligations attributable to investment leverage. The fee
reduction cannot be
16
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Notes
to Financial Statements (Unaudited) continued
terminated without the consent of the Trustees and shareholders.
The Fund invests its cash in Cash Reserves Fund. EVM does not
currently receive a fee for advisory services provided to Cash
Reserves Fund. For the six months ended April 30, 2011, the
Funds investment adviser fee amounted to $6,724,953, or
0.85% (annualized) of the Funds average daily gross
assets. EVM also serves as administrator of the Fund, but
receives no compensation.
In addition, EVM has contractually agreed to reimburse the Fund
for fees and other expenses at an annual rate of 0.20% of the
Funds average daily gross assets during the first five
full years of the Funds operations, 0.15% of the
Funds average daily gross assets in year six, 0.10% in
year seven and 0.05% in year eight. Such reimbursement will be
reduced by an amount, if any, by which the annual effective
advisory fee rate is less than 0.85% of the Funds average
daily gross assets. The Fund concluded its first seven full
years of operations on January 30, 2011. Pursuant to this
agreement, EVM waived $578,704 of its investment adviser fee for
the six months ended April 30, 2011.
Except for Trustees of the Fund who are not members of
EVMs organization, officers and Trustees receive
remuneration for their services to the Fund out of the
investment adviser fee. Trustees of the Fund who are not
affiliated with EVM may elect to defer receipt of all or a
percentage of their annual fees in accordance with the terms of
the Trustees Deferred Compensation Plan. For the six months
ended April 30, 2011, no significant amounts have been
deferred. Certain officers and Trustees of the Fund are officers
of EVM.
4 Purchases
and Sales of Investments
Purchases and sales of investments, other than short-term
obligations, aggregated $687,876,290 and $681,079,460,
respectively, for the six months ended April 30, 2011.
5 Common
Shares of Beneficial Interest
The Fund may issue common shares pursuant to its dividend
reinvestment plan. There were no transactions in common shares
for the six months ended April 30, 2011. Common shares
issued pursuant to the Funds dividend reinvestment plan
for the year ended October 31, 2010 were 34,688.
6 Federal
Income Tax Basis of Investments
The cost and unrealized appreciation (depreciation) of
investments of the Fund at April 30, 2011, as determined on
a federal income tax basis, were as follows:
|
|
|
|
|
|
|
Aggregate cost
|
|
$
|
1,265,905,109
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
458,437,862
|
|
|
|
Gross unrealized depreciation
|
|
|
(24,749,540
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
433,688,322
|
|
|
|
|
|
|
|
|
|
|
|
|
7 Committed
Facility Agreement
The Fund has entered into a Committed Facility Agreement, as
amended (the Agreement) with a major financial institution that
allows it to borrow up to $466 million ($426 million
prior to December 15, 2010) over a rolling 180
calendar day period. Interest is charged at a rate above
3-month
LIBOR and is payable monthly. The Fund is charged a commitment
fee of 0.55% per annum on the unused portion of the commitment.
Under the terms of the Agreement, the Fund is required to
satisfy certain collateral requirements and maintain a certain
level of net assets. At April 30, 2011, the Fund had
borrowings outstanding under the Agreement of $402 million
at an interest rate of 0.97%. The carrying amount of the
borrowings at April 30, 2011 approximated its fair value.
For the six months ended April 30, 2011, the average
borrowings under the Agreement and the average interest rate
(annualized) were $402 million and 1.04%, respectively.
8 Risks
Associated with Foreign Investments
Investing in securities issued by companies whose principal
business activities are outside the United States may involve
significant risks not present in domestic investments. For
example, there is generally less publicly available information
about foreign companies, particularly those not subject to the
disclosure and reporting requirements of the U.S. securities
laws. Certain foreign issuers are generally not bound by uniform
accounting, auditing, and financial reporting requirements and
standards of practice comparable to those applicable to domestic
issuers. Investments in foreign securities also involve the risk
of possible adverse changes in investment or exchange control
regulations, expropriation or confiscatory taxation, limitation
on the removal of funds or other assets of the Fund, political
or financial instability or diplomatic and other developments
which could affect such investments. Foreign
17
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Notes
to Financial Statements (Unaudited) continued
securities markets, while growing in volume and sophistication,
are generally not as developed as those in the United States,
and securities of some foreign issuers (particularly those
located in developing countries) may be less liquid and more
volatile than securities of comparable U.S. companies. In
general, there is less overall governmental supervision and
regulation of foreign securities markets, broker-dealers and
issuers than in the United States.
9 Fair
Value Measurements
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 funds 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 April 30, 2011, the hierarchy of inputs used in valuing
the Funds investments, which are carried at value, were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Description
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Discretionary
|
|
$
|
62,648,000
|
|
|
$
|
66,972,673
|
|
|
$
|
|
|
|
$
|
129,620,673
|
|
|
|
Consumer Staples
|
|
|
68,418,000
|
|
|
|
67,133,544
|
|
|
|
|
|
|
|
135,551,544
|
|
|
|
Energy
|
|
|
111,300,550
|
|
|
|
106,381,587
|
|
|
|
|
|
|
|
217,682,137
|
|
|
|
Financials
|
|
|
141,117,098
|
|
|
|
68,259,574
|
|
|
|
|
|
|
|
209,376,672
|
|
|
|
Health Care
|
|
|
17,501,600
|
|
|
|
48,415,784
|
|
|
|
|
|
|
|
65,917,384
|
|
|
|
Industrials
|
|
|
87,414,750
|
|
|
|
65,183,960
|
|
|
|
|
|
|
|
152,598,710
|
|
|
|
Information Technology
|
|
|
45,983,800
|
|
|
|
15,932,194
|
|
|
|
|
|
|
|
61,915,994
|
|
|
|
Materials
|
|
|
44,952,000
|
|
|
|
39,833,049
|
|
|
|
|
|
|
|
84,785,049
|
|
|
|
Telecommunication Services
|
|
|
56,154,997
|
|
|
|
106,139,151
|
|
|
|
|
|
|
|
162,294,148
|
|
|
|
Utilities
|
|
|
29,431,500
|
|
|
|
134,981,511
|
|
|
|
|
|
|
|
164,413,011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
|
|
$
|
664,922,295
|
|
|
$
|
719,233,027
|
*
|
|
$
|
|
|
|
$
|
1,384,155,322
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Staples
|
|
$
|
|
|
|
$
|
7,982,961
|
|
|
$
|
|
|
|
$
|
7,982,961
|
|
|
|
Financials
|
|
|
40,533,872
|
|
|
|
135,750,752
|
|
|
|
0
|
|
|
|
176,284,624
|
|
|
|
Utilities
|
|
|
|
|
|
|
22,141,339
|
|
|
|
|
|
|
|
22,141,339
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stocks
|
|
$
|
40,533,872
|
|
|
$
|
165,875,052
|
|
|
$
|
0
|
|
|
$
|
206,408,924
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds & Notes
|
|
$
|
|
|
|
$
|
98,866,619
|
|
|
$
|
|
|
|
$
|
98,866,619
|
|
|
|
Short-Term Investments
|
|
|
|
|
|
|
10,162,566
|
|
|
|
|
|
|
|
10,162,566
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
705,456,167
|
|
|
$
|
994,137,264
|
|
|
$
|
0
|
|
|
$
|
1,699,593,431
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
|
Includes foreign equity securities whose values were adjusted to
reflect market trading of comparable securities or other
correlated instruments that occurred after the close of trading
in their applicable foreign markets. |
There was no activity in investments valued based on
Level 3 inputs during the six months ended April 30,
2011 to require a reconciliation of Level 3 investments. At
April 30, 2011, the value of investments transferred
between Level 1 and Level 2, if any, during the six
months then ended was not significant.
18
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Notes
to Financial Statements (Unaudited) continued
10 Legal
Proceedings
In May 2010, the Fund received a demand letter from a law firm
on behalf of a putative common shareholder. The demand letter
alleged that Eaton Vance Management and the Trustees and
officers of the Fund breached their fiduciary duty to the Fund
in connection with redemption by the Fund of its auction
preferred securities following the collapse of auction markets
in February 2008. The letter demanded that the Board of Trustees
of the Fund take certain action to remedy those alleged
breaches. In August 2010, following a thorough investigation
conducted by the independent Trustees of the Fund, the Board of
Trustees of the Fund (including all of the independent Trustees)
rejected the demands set forth in the demand letter.
Additionally, a law firm has filed a purported class action
lawsuit against the Fund on behalf of a putative common
shareholder, alleging breach of fiduciary duty in connection
with the Funds redemption of auction preferred securities.
In addition to the Fund, named defendants include Trustees of
the Fund, Eaton Vance Management and Eaton Vance Corp. The Fund,
Eaton Vance Management and Eaton Vance Corp. believe this
lawsuit to be without merit, and intend to defend themselves
vigorously. The Fund believes that this lawsuit will not have a
material effect on it or on Eaton Vance Managements
ability to serve as its investment adviser.
19
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Board
of Trustees Contract Approval
Overview
of the Contract Review Process
The Investment Company Act of 1940, as amended (the 1940
Act), provides, in substance, that each investment
advisory agreement between a fund and its investment adviser
will continue in effect from year to year only if its
continuance is approved at least annually by the funds
board of trustees, including by a vote of a majority of the
trustees who are not interested persons of the fund
(Independent Trustees), cast in person at a meeting
called for the purpose of considering such approval.
At a meeting of the Boards of Trustees (each a
Board) of the Eaton Vance group of mutual funds (the
Eaton Vance Funds) held on April 25, 2011, the
Board, including a majority of the Independent Trustees, voted
to approve continuation of existing advisory and
sub-advisory
agreements for the Eaton Vance Funds for an additional one-year
period. In voting its approval, the Board relied upon the
affirmative recommendation of the Contract Review Committee of
the Board, which is a committee comprised exclusively of
Independent Trustees. Prior to making its recommendation, the
Contract Review Committee reviewed information furnished for a
series of meetings of the Contract Review Committee held between
February and April 2011. Such information included, among other
things, the following:
Information about
Fees, Performance and Expenses
|
|
|
|
|
An independent report comparing the advisory and related fees
paid by each fund with fees paid by comparable funds;
|
|
|
An independent report comparing each funds total expense
ratio and its components to comparable funds;
|
|
|
An independent report comparing the investment performance of
each fund (including yield data and Sharpe and information
ratios where relevant) to the investment performance of
comparable funds over various time periods;
|
|
|
Data regarding investment performance in comparison to relevant
peer groups of similarly managed funds and appropriate indices;
|
|
|
For each fund, comparative information concerning the fees
charged and the services provided by each adviser in managing
other mutual funds and institutional accounts using investment
strategies and techniques similar to those used in managing such
fund;
|
|
|
Profitability analyses for each adviser with respect to each
fund;
|
Information about
Portfolio Management
|
|
|
|
|
Descriptions of the investment management services provided to
each fund, including the investment strategies and processes
employed, and any changes in portfolio management processes and
personnel;
|
|
|
Information about the allocation of brokerage and the benefits
received by each adviser as a result of brokerage allocation,
including information concerning the acquisition of research
through client commission arrangements
and/or the
funds policies with respect to soft dollar
arrangements;
|
|
|
Data relating to portfolio turnover rates of each fund;
|
|
|
The procedures and processes used to determine the fair value of
fund assets and actions taken to monitor and test the
effectiveness of such procedures and processes;
|
Information about
each Adviser
|
|
|
|
|
Reports detailing the financial results and condition of each
adviser;
|
|
|
Descriptions of the qualifications, education and experience of
the individual investment professionals whose responsibilities
include portfolio management and investment research for the
funds, and information relating to their compensation and
responsibilities with respect to managing other mutual funds and
investment accounts;
|
|
|
Copies of the Codes of Ethics of each adviser and its
affiliates, together with information relating to compliance
with and the administration of such codes;
|
|
|
Copies of or descriptions of each advisers policies and
procedures relating to proxy voting, the handling of corporate
actions and class actions;
|
|
|
Information concerning the resources devoted to compliance
efforts undertaken by each adviser and its affiliates on behalf
of the funds (including descriptions of various compliance
programs) and their record of compliance with investment
policies and restrictions, including policies with respect to
market-timing, late trading and selective portfolio disclosure,
and with policies on personal securities transactions;
|
|
|
Descriptions of the business continuity and disaster recovery
plans of each adviser and its affiliates;
|
|
|
A description of Eaton Vance Managements procedures for
overseeing third party advisers and
sub-advisers;
|
Other Relevant
Information
|
|
|
|
|
Information concerning the nature, cost and character of the
administrative and other non-investment management services
provided by Eaton Vance Management and its affiliates;
|
|
|
Information concerning management of the relationship with the
custodian, subcustodians and fund accountants by each adviser or
the funds administrator; and
|
|
|
The terms of each advisory agreement.
|
20
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Board
of Trustees Contract Approval continued
In addition to the information identified above, the Contract
Review Committee considered information provided from time to
time by each adviser throughout the year at meetings of the
Board and its committees. Over the course of the twelve-month
period ended April 30, 2011, with respect to one or more
funds, the Board met nine times and the Contract Review
Committee, the Audit Committee, the Governance Committee, the
Portfolio Management Committee and the Compliance Reports and
Regulatory Matters Committee, each of which is a Committee
comprised solely of Independent Trustees, met nine, fifteen,
seven, eight and twelve times, respectively. At such meetings,
the Trustees received, among other things, presentations by the
portfolio managers and other investment professionals of each
adviser relating to the investment performance of each fund and
the investment strategies used in pursuing the funds
investment objective including, where relevant, the use of
derivative instruments, as well as trading policies and
procedures and risk management techniques.
For funds that invest through one or more underlying portfolios,
the Board considered similar information about the portfolio(s)
when considering the approval of advisory agreements. In
addition, in cases where the funds investment adviser has
engaged a
sub-adviser,
the Board considered similar information about the
sub-adviser
when considering the approval of any
sub-advisory
agreement.
The Contract Review Committee was assisted throughout the
contract review process by Goodwin Procter LLP, legal counsel
for the Independent Trustees. The members of the Contract Review
Committee relied upon the advice of such counsel and their own
business judgment in determining the material factors to be
considered in evaluating each advisory and
sub-advisory
agreement and the weight to be given to each such factor. The
conclusions reached with respect to each advisory and
sub-advisory
agreement were based on a comprehensive evaluation of all the
information provided and not any single factor. Moreover, each
member of the Contract Review Committee may have placed varying
emphasis on particular factors in reaching conclusions with
respect to each advisory and
sub-advisory
agreement.
Results
of the Process
Based on its consideration of the foregoing, and such other
information as it deemed relevant, including the factors and
conclusions described below, the Contract Review Committee
concluded that the continuance of the investment advisory
agreement of Eaton Vance Tax-Advantaged Global Dividend Income
Fund (the Fund) with Eaton Vance Management (the
Adviser), including its fee structure, is in the
interests of shareholders and, therefore, the Contract Review
Committee recommended to the Board approval of the agreement.
The Board accepted the recommendation of the Contract Review
Committee as well as the factors considered and conclusions
reached by the Contract Review Committee with respect to the
agreement. Accordingly, the Board, including a majority of the
Independent Trustees, voted to approve continuation of the
advisory agreement for the Fund.
Nature,
Extent and Quality of Services
In considering whether to approve the investment advisory
agreement of the Fund, the Board evaluated the nature, extent
and quality of services provided to the Fund by the Adviser.
The Board considered the Advisers management capabilities
and investment process with respect to the types of investments
held by the Fund, including the education, experience and number
of its investment professionals and other personnel who provide
portfolio management, investment research, and similar services
to the Fund. In particular, the Board evaluated the abilities
and experience of such investment personnel in analyzing special
considerations relevant to investing in dividend-paying common
and preferred stocks and foreign markets. The Board noted the
Advisers in-house equity research capabilities and
experience in managing funds that seek to maximize after-tax
returns. The Board also took into account the resources
dedicated to portfolio management and other services, including
the compensation methods of the Adviser to recruit and retain
investment personnel, and the time and attention devoted to the
Fund by senior management.
The Board also reviewed the compliance programs of the Adviser
and relevant affiliates thereof. Among other matters, the Board
considered compliance and reporting matters relating to personal
trading by investment personnel, selective disclosure of
portfolio holdings, late trading, frequent trading, portfolio
valuation, business continuity and the allocation of investment
opportunities. The Board also evaluated the responses of the
Adviser and its affiliates to requests in recent years from
regulatory authorities such as the Securities and Exchange
Commission and the Financial Industry Regulatory Authority.
The Board considered shareholder and other administrative
services provided or managed by Eaton Vance Management and its
affiliates, including transfer agency and accounting services.
The Board evaluated the benefits to shareholders of investing in
a fund that is a part of a large family of funds.
After consideration of the foregoing factors, among others, the
Board concluded that the nature, extent and quality of services
provided by the Adviser, taken as a whole, are appropriate and
consistent with the terms of the investment advisory agreement.
Fund Performance
The Board compared the Funds investment performance to a
relevant universe of comparable funds identified by an
independent data provider as well as a peer group of similarly
managed funds and appropriate benchmark indices. The Board
reviewed comparative performance data for the one-, three- and
five-year periods ended September 30, 2010 for the Fund.
The Board concluded that the performance of the Fund was
satisfactory.
21
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Board
of Trustees Contract Approval continued
Management
Fees and Expenses
The Board reviewed contractual investment advisory fee rates
payable by the Fund (referred to as management
fees). As part of its review, the Board considered the
management fees and the Funds total expense ratio for the
year ended September 30, 2010, as compared to a group of
similarly managed funds selected by an independent data
provider. The Board also considered factors that had an impact
on Fund expense ratios, as identified by management in response
to inquiries from the Contract Review Committee, as well as
actions being taken to reduce expenses at the Eaton Vance fund
complex level, including the negotiation of reduced fees for
transfer agency and custody services. The Board considered that
the Adviser had waived fees
and/or paid
expenses for the Fund.
After reviewing the foregoing information, and in light of the
nature, extent and quality of the services provided by the
Adviser, the Board concluded that the management fees charged
for advisory and related services are reasonable.
Profitability
The Board reviewed the level of profits realized by the Adviser
and relevant affiliates thereof in providing investment advisory
and administrative services to the Fund and to all Eaton Vance
Funds as a group. The Board considered the level of profits
realized with and without regard to revenue sharing or other
payments by the Adviser and its affiliates to third parties in
respect of distribution services. The Board also considered
other direct or indirect benefits received by the Adviser and
its affiliates in connection with its relationship with the
Fund, including the benefits of research services that may be
available to the Adviser as a result of securities transactions
effected for the Fund and other investment advisory clients.
The Board concluded that, in light of the foregoing factors and
the nature, extent and quality of the services rendered, the
profits realized by the Adviser and its affiliates are
reasonable.
Economies
of Scale
In reviewing management fees and profitability, the Board also
considered the extent to which the Adviser and its affiliates,
on the one hand, and the Fund, on the other hand, can expect to
realize benefits from economies of scale as the assets of the
Fund increase. The Board acknowledged the difficulty in
accurately measuring the benefits resulting from the economies
of scale with respect to the management of any specific fund or
group of funds. The Board reviewed data summarizing the
increases and decreases in the assets of the Fund and of all
Eaton Vance Funds as a group over various time periods, and
evaluated the extent to which the total expense ratio of the
Fund and the profitability of the Adviser and its affiliates may
have been affected by such increases or decreases. Based upon
the foregoing, the Board concluded that the Fund currently
shares in the benefits from economies of scale. The Board also
concluded that, assuming reasonably foreseeable increases in the
assets of the Fund, the structure of the advisory fee, which
includes breakpoints at several asset levels, will allow the
Fund to continue to benefit from economies of scale in the
future.
22
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
|
|
|
Officers of Eaton Vance
Tax-Advantaged Global Dividend Income Fund
|
|
|
Judith A. Saryan President
Duncan W. Richardson Vice President
Barbara E. Campbell Treasurer
|
|
Maureen A. Gemma Vice President, Secretary and Chief Legal Officer
Paul M. ONeil Chief Compliance Officer
|
|
|
|
Trustees of Eaton Vance
Tax-Advantaged Global Dividend Income Fund
|
|
|
Ralph F. Verni Chairman
Benjamin C. Esty
Thomas E. Faust Jr.*
Allen R. Freedman
|
|
William H. Park
Ronald A. Pearlman
Helen Frame Peters
Lynn A. Stout
|
Number of
Employees
The Fund is organized as a Massachusetts business trust and is
registered under the Investment Company Act of 1940, as amended,
as a closed-end management investment company and has no
employees.
Number of
Shareholders
As of April 30, 2011, Fund records indicate that there are
194 registered shareholders and approximately 58,401
shareholders owning the Fund shares in street name, such as
through brokers, banks, and financial intermediaries.
If you are a street name shareholder and wish to receive Fund
reports directly, which contain important information about the
Fund, please write or call:
Eaton Vance Distributors, Inc.
Two International Place
Boston, MA 02110
1-800-262-1122
New York Stock
Exchange symbol
The New York Stock Exchange symbol is ETG.
23
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2011
Privacy. The
Eaton Vance organization is committed to ensuring your financial
privacy. Each of the financial institutions identified below has
in effect the following policy (Privacy Policy) with respect to
nonpublic personal information about its customers:
|
|
|
Only such information received from you, through application
forms or otherwise, and information about your Eaton Vance fund
transactions will be collected. This may include information
such as name, address, social security number, tax status,
account balances and transactions.
|
|
|
None of such information about you (or former customers) will be
disclosed to anyone, except as permitted by law (which includes
disclosure to employees necessary to service your account). In
the normal course of servicing a customers account, Eaton
Vance may share information with unaffiliated third parties that
perform various required services such as transfer agents,
custodians and broker/dealers.
|
|
|
Policies and procedures (including physical, electronic and
procedural safeguards) are in place that are designed to protect
the confidentiality of such information.
|
|
|
We reserve the right to change our Privacy Policy at any time
upon proper notification to you. Customers may want to review
our Privacy Policy periodically for changes by accessing the
link on our homepage: www.eatonvance.com.
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Our pledge of privacy applies to the following entities within
the Eaton Vance organization: the Eaton Vance Family of Funds,
Eaton Vance Management, Eaton Vance Investment Counsel,
Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton
Vance Managements Real Estate Investment Group and Boston
Management and Research. In addition, our Privacy Policy applies
only to those Eaton Vance customers who are individuals and who
have a direct relationship with us. If a customers account
(i.e. fund shares) is held in the name of a third-party
financial adviser/broker-dealer, it is likely that only such
advisers privacy policies apply to the customer. This
notice supersedes all previously issued privacy disclosures. For
more information about Eaton Vances Privacy Policy, please
call
1-800-262-1122.
Delivery of Shareholder
Documents. The Securities and Exchange
Commission (the SEC) permits funds to deliver only
one copy of shareholder documents, including prospectuses, proxy
statements and shareholder reports, to fund investors with
multiple accounts at the same residential or post office box
address. This practice is often called householding
and it helps eliminate duplicate mailings to shareholders.
Eaton Vance, or your financial adviser, may household the
mailing of your documents indefinitely unless you instruct Eaton
Vance, or your financial adviser, otherwise. If you would
prefer that your Eaton Vance documents not be householded,
please contact Eaton Vance at
1-800-262-1122,
or contact your financial adviser. Your instructions that
householding not apply to delivery of your Eaton Vance documents
will be effective within 30 days of receipt by Eaton Vance
or your financial adviser.
Portfolio
Holdings. Each Eaton Vance Fund and its
underlying Portfolio(s) (if applicable) will file a schedule of
portfolio holdings on
Form N-Q
with the SEC for the first and third quarters of each fiscal
year. The
Form N-Q
will be available on the Eaton Vance website at
www.eatonvance.com, by calling Eaton Vance at
1-800-262-1122
or in the EDGAR database on the SECs website at
www.sec.gov.
Form N-Q
may also be reviewed and copied at the SECs public
reference room in Washington, D.C. (call
1-800-732-0330
for information on the operation of the public reference room).
Proxy
Voting. From time to time, funds are required to
vote proxies related to the securities held by the funds. The
Eaton Vance Funds or their underlying Portfolios (if applicable)
vote proxies according to a set of policies and procedures
approved by the Funds and Portfolios Boards. You may
obtain a description of these policies and procedures and
information on how the Funds or Portfolios voted proxies
relating to portfolio securities during the most recent 12-month
period ended June 30, without charge, upon request, by
calling
1-800-262-1122
and by accessing the SECs website at www.sec.gov.
Additional Notice to
Shareholders. The Fund may purchase shares of
its common stock in the open market when they trade at a
discount to net asset value or at other times if the Fund
determines such purchases are advisable. There can be no
assurance that the Fund will take such action or that such
purchases would reduce the discount.
Closed-End
Fund Information. The Eaton Vance
closed-end funds make certain quarterly fund performance data
and information about portfolio characteristics (such as top
holdings and asset allocation) available on the Eaton Vance
website after the end of each calendar quarter-end. Certain
month end fund performance data for the funds, including total
returns, are posted to the website shortly after the end of each
calendar month. Portfolio holdings for the most recent calendar
quarter-end are also posted to the website approximately
30 days following the end of the quarter. This information
is available at www.eatonvance.com on the fund information pages
under Individual Investors Closed-End
Funds.
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Investment
Adviser and Administrator
Eaton
Vance Management
Two International Place
Boston, MA 02110
Custodian
State
Street Bank and Trust Company
200 Clarendon Street
Boston, MA 02116
Transfer
Agent
American
Stock Transfer & Trust Company
59 Maiden Lane
Plaza Level
New York, NY 10038
Fund
Offices
Two
International Place
Boston, MA 02110
Item 2. Code of Ethics
Not required in this filing.
Item 3. Audit Committee Financial Expert
The registrants Board has designated William H. Park, an independent trustee, as its audit
committee financial expert. Mr. Park is a certified public accountant who is the Chief Financial
Officer of Aveon Group, L.P. (an investment management firm). Previously, he served as the Vice
Chairman of Commercial Industrial Finance Corp. (specialty finance company), as President and Chief
Executive Officer of Prizm Capital Management, LLC (investment management firm), as Executive Vice
President and Chief Financial Officer of United Asset Management Corporation (an institutional
investment management firm) and as a Senior Manager at Price Waterhouse (now
PricewaterhouseCoopers) (an independent registered public accounting firm).
Item 4. Principal Accountant Fees and Services
Not required in this filing.
Item 5. Audit Committee of Listed Registrants
Not required in this filing.
Item 6. Schedule of Investments
Please see schedule of investments contained in the Report to Stockholders included under Item 1 of
this Form N-CSR.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment
Companies
The Board of Trustees of the Trust has adopted a proxy voting policy and procedure (the Fund
Policy), pursuant to which the Trustees have delegated proxy voting responsibility to the Funds
investment adviser and adopted the investment advisers proxy voting policies and procedures (the
Policies) which are described below. The Trustees will review the Funds proxy voting records
from time to time and will annually consider approving the Policies for the upcoming year. In the
event that a conflict of interest arises between the Funds shareholders and the investment
adviser, the administrator, or any of their affiliates or any affiliate of the Fund, the investment
adviser will generally refrain from voting the proxies related to the companies giving rise to such
conflict until it consults with the Boards Contract Review Committee except as contemplated under
the Fund Policy. The Boards Contract Review Committee will instruct the investment adviser on the
appropriate course of action.
The Policies are designed to promote accountability of a companys management to its shareholders
and to align the interests of management with those shareholders. An independent proxy voting
service (Agent), currently Institutional Shareholder Services, Inc., has been retained to assist
in the voting of proxies through the provision of vote analysis, implementation and recordkeeping
and disclosure services. The investment adviser will generally vote proxies through the Agent.
The Agent is required to vote all proxies and/or refer them back to the investment adviser pursuant
to the Policies. It is generally the policy of the investment adviser to vote in accordance with
the recommendation of the Agent. The Agent shall refer to the investment adviser proxies relating
to mergers and restructurings, and the disposition of assets, termination, liquidation and mergers
contained in mutual fund proxies. The investment adviser will normally vote against anti-takeover
measures and other proposals designed to limit the ability of shareholders to act on possible
transactions, except in the case of closed-end management investment companies. The investment
adviser generally supports management on social and environmental proposals. The investment
adviser may abstain from voting from time to time where it determines that the costs associated
with voting a proxy outweighs the benefits derived from exercising the right to vote or the
economic effect on shareholders interests or the value of the portfolio holding is indeterminable
or insignificant.
In addition, the investment adviser will monitor situations that may result in a conflict of
interest between the Funds shareholders and the investment adviser, the administrator, or any of
their affiliates or any affiliate of the Fund by maintaining a list of significant existing and
prospective corporate clients. The investment advisers personnel responsible for reviewing and
voting proxies on behalf of the Fund will report any proxy received or expected to be received from
a company included on that list to the personnel of the investment adviser identified in the
Policies. If such personnel expects to instruct the Agent to vote such proxies in a manner
inconsistent with the guidelines of the Policies or
the recommendation of the Agent, the personnel will consult with members of senior management
of the investment adviser to determine if a material conflict of interests exists. If it is
determined that a material conflict does exist, the investment adviser will seek instruction on how
to vote from the Contract Review Committee.
Information on how the Fund voted proxies relating to portfolio securities during the most recent
12 month period ended June 30 is available (1) without charge, upon request, by calling
1-800-262-1122, and (2) on the Securities and Exchange Commissions website at
http://www.sec.gov.
Item 8. Portfolio Managers of Closed-End Management Investment Companies
Not required in this filing.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated
Purchasers
No such purchases this period.
Item 10. Submission of Matters to a Vote of Security Holders
No Material Changes.
Item 11. Controls and Procedures
(a) It is the conclusion of the registrants principal executive officer and principal
financial officer that the effectiveness of the registrants 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 has been recorded, processed, summarized and reported within the time period
specified in the Commissions rules and forms and that the information required to be disclosed by
the registrant has been accumulated and communicated to the registrants principal executive
officer and principal financial officer in order to allow timely decisions regarding required
disclosure.
(b) There have been no changes in the registrants internal controls over financial reporting
during the second fiscal quarter of the period covered by this report that has materially affected,
or is reasonably likely to materially affect, the registrants internal control over financial
reporting.
Item 12. Exhibits
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(a)(1)
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Registrants Code of Ethics Not applicable (please see Item 2). |
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(a)(2)(i)
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Treasurers Section 302 certification. |
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(a)(2)(ii)
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Presidents Section 302 certification. |
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(b)
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Combined Section 906 certification. |
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-Advantaged Global Dividend Income Fund
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By:
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/s/ Judith A. Saryan
Judith A. Saryan
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President |
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Date:
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June 8, 2011 |
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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.
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By:
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/s/ Barbara E. Campbell
Barbara E. Campbell
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Treasurer |
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Date:
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June 8, 2011 |
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By:
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/s/ Judith A. Saryan
Judith A. Saryan
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President |
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Date:
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June 8, 2011 |
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