Eaton Vance Tax-Advantaged Global Dividend Income
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-CSR/A
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, 2012
Date of Reporting Period
Explanatory Note
The Registrant is filing this amendment to its Form N-CSR for the period ended April 30, 2012,
originally filed with the Securities and Exchange Commission on June 27, 2012 (Accession Number
0000950123-12-009579) to replace the information at Item 1. Reports to Stockholders, which
inadvertently was filed with information for a similarly named Eaton Vance fund in the original
filing, with the semiannual report for the Fund. The semiannual report for the Fund for the period
ended April 30, 2012 was inadvertently filed on Form N-CSR for Eaton Vance Tax-Advantaged Global
Dividend Opportunities Fund on June 27, 2012. Other than the aforementioned revision, this Form
N-CSR/A does not reflect events occurring after the filing of the original Form N-CSR, or modify or
update the disclosures therein in any way.
Item 1. Reports to Stockholders
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Eaton Vance
Tax-Advantaged Global
Dividend Income Fund (ETG)
Semiannual Report
April 30, 2012
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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, 2012
Eaton Vance
Tax-Advantaged Global Dividend Income Fund
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Table of Contents |
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Performance |
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2 |
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Fund Profile |
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3 |
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Endnotes and Additional Disclosures |
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4 |
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Financial Statements |
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5 |
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Notice to Shareholders |
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21 |
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Board of Trustees Contract Approval |
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22 |
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Officers and Trustees |
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25 |
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Important Notices |
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26 |
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Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2012
Performance1,2
Portfolio Managers Judith A. Saryan, CFA, Aamer Khan, CFA, and John H. Croft, CFA
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Since |
% Average Annual Total Returns |
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Inception Date |
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Six Months |
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One Year |
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Five Years |
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Inception |
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Fund at NAV |
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1/30/2004 |
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9.01 |
% |
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-4.52 |
% |
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-4.18 |
% |
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5.57 |
% |
Fund at Market Price |
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13.43 |
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0.93 |
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-3.84 |
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5.12 |
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MSCI World Index |
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1/30/2004 |
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7.54 |
% |
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-4.63 |
% |
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-1.77 |
% |
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4.62 |
% |
BofA Merrill Lynch Fixed Rate Preferred
Securities Index |
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1/30/2004 |
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6.03 |
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6.71 |
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-0.16 |
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1.69 |
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% Premium/Discount to NAV |
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-3.47 |
% |
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Distributions3 |
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Total Distributions per share for the period |
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$ |
0.615 |
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Distribution Rate at NAV |
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8.21 |
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Distribution Rate at Market Price |
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8.51 |
% |
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% Total Leverage4 |
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Borrowings |
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27.10 |
% |
See Endnotes and Additional Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated by
determining the percentage change in net asset value (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, 2012
Fund Profile
Common Stock Sector Allocation (% of total investments)
Country Allocation (% of total investments)
Top 10 Common Stock Holdings (% of total investments)
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McDonalds Corp. |
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2.4 |
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Chevron Corp. |
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2.4 |
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International Business Machines Corp. |
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2.1 |
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Wells Fargo & Co. |
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2.1 |
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AvalonBay Communities, Inc. |
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1.9 |
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Microsoft Corp. |
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1.9 |
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Sanofi SA |
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1.8 |
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Prudential Financial, Inc. |
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1.8 |
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QUALCOMM, Inc. |
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1.8 |
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MetLife, Inc. |
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1.7 |
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Total |
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19.9 |
% |
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See Endnotes and Additional Disclosures in this report.
3
Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2012
Endnotes and Additional Disclosures
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1 |
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MSCI World Index is an unmanaged index of
equity securities in the developed markets. MSCI indices
are net of foreign withholding taxes. 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. BofA Merrill Lynch® indices not for
redistribution or other uses; provided as is, without
warranties, and with no liability. Eaton Vance has
prepared this report, BofAML does not endorse it, or
guarantee, review, or endorse Eaton Vances products.
Unless otherwise stated, index returns 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. |
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Performance results reflect the effects of leverage. |
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3 |
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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 composed of ordinary income,
tax-exempt income, net realized capital gains and
return of capital. |
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4 |
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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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Fund profile subject to change due to active management. |
4
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Portfolio
of Investments (Unaudited)
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Common Stocks 109.0%
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Security
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Shares
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Value
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Aerospace &
Defense 1.4%
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Honeywell International,
Inc.(1)
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170,000
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$
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10,312,200
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United Technologies
Corp.(1)
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75,000
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6,123,000
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$
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16,435,200
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Automobiles 1.3%
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Ford Motor
Co.(1)
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1,300,000
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$
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14,664,000
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$
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14,664,000
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Beverages 2.3%
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Anheuser-Busch InBev
NV(1)
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360,000
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$
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25,947,174
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$
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25,947,174
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Capital
Markets 0.6%
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Deutsche Bank
AG(1)
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150,000
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$
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6,508,500
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$
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6,508,500
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Chemicals 4.1%
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Air Products and Chemicals,
Inc.(1)
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100,000
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$
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8,549,000
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BASF SE(1)
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220,000
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18,113,283
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LyondellBasell Industries NV,
Class A(1)
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235,000
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9,818,300
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PPG Industries,
Inc.(1)
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95,000
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9,997,800
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$
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46,478,383
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Commercial
Banks 6.6%
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DNB ASA(1)
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600,000
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$
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6,467,042
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Skandinaviska Enskilda Banken AB,
Class A(1)
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1,750,000
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11,790,752
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Svenska Handelsbanken
AB(1)
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375,000
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12,138,130
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Swedbank AB,
Class A(1)
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725,000
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11,968,021
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Wells Fargo &
Co.(1)
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985,461
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32,943,961
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$
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75,307,906
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Communications
Equipment 2.5%
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QUALCOMM,
Inc.(1)
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445,000
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$
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28,408,800
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$
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28,408,800
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Computers &
Peripherals 1.4%
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Apple,
Inc.(1)(2)
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28,000
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$
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16,358,720
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$
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16,358,720
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Construction &
Engineering 0.6%
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Vinci
SA(1)
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150,000
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$
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6,957,064
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$
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6,957,064
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Diversified Financial
Services 5.6%
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Citigroup,
Inc.(1)
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400,000
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$
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13,216,000
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Deutsche Boerse
AG(1)
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390,000
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24,487,664
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JPMorgan Chase &
Co.(1)
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603,000
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25,916,940
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$
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63,620,604
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Diversified Telecommunication
Services 9.2%
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BT Group
PLC(1)
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4,423,881
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$
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15,131,647
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Koninklijke KPN
NV(1)
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2,515,000
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22,579,364
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Tele2 AB,
Class B(1)
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1,280,000
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24,349,588
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TeliaSonera
AB(1)
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3,750,000
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24,975,070
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Vivendi
SA(1)
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1,000,000
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18,496,548
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$
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105,532,217
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Electric
Utilities 3.6%
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E.ON AG(1)
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400,000
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$
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9,056,715
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Edison
International(1)
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350,000
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15,403,500
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Fortum
Oyj(1)
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791,000
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17,014,036
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$
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41,474,251
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Electrical
Equipment 1.2%
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ABB,
Ltd.(1)(2)
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740,000
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$
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13,484,934
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$
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13,484,934
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Food & Staples
Retailing 0.1%
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Casino Guichard-Perrachon
SA(2)
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9,085
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$
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892,592
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$
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892,592
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Food Products 1.9%
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Nestle
SA(1)
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360,000
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$
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22,064,131
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$
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22,064,131
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Health Care Providers &
Services 4.3%
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Fresenius Medical Care AG & Co.
KGaA(1)
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360,000
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$
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25,564,263
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UnitedHealth Group,
Inc.(1)
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425,000
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23,863,750
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$
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49,428,013
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Hotels, Restaurants &
Leisure 4.5%
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Carnival
Corp.(1)
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450,000
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$
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14,620,500
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McDonalds
Corp.(1)
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381,000
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37,128,450
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$
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51,748,950
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Industrial
Conglomerates 1.0%
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Orkla
ASA(1)
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1,600,000
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$
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11,751,216
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$
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11,751,216
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See Notes to
Financial Statements.
5
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Portfolio
of Investments (Unaudited) continued
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Security
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Shares
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Value
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Insurance 11.4%
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Aflac,
Inc.(1)
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350,000
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$
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15,764,000
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MetLife,
Inc.(1)
|
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750,000
|
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|
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27,022,500
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Old Mutual
PLC(1)
|
|
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6,125,000
|
|
|
|
14,705,354
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|
|
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Prudential Financial,
Inc.(1)
|
|
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470,000
|
|
|
|
28,453,800
|
|
|
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Resolution,
Ltd.(1)
|
|
|
1,500,000
|
|
|
|
5,449,053
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|
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Swiss Reinsurance Co.,
Ltd.(1)(2)
|
|
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240,000
|
|
|
|
15,070,332
|
|
|
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Zurich Insurance Group
AG(1)(2)
|
|
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95,000
|
|
|
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23,275,260
|
|
|
|
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|
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|
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$
|
129,740,299
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IT Services 2.9%
|
|
International Business Machines
Corp.(1)
|
|
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160,000
|
|
|
$
|
33,132,800
|
|
|
|
|
|
|
|
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|
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$
|
33,132,800
|
|
|
|
|
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Machinery 3.0%
|
|
Deere &
Co.(1)
|
|
|
275,000
|
|
|
$
|
22,649,000
|
|
|
|
PACCAR,
Inc.(1)
|
|
|
270,000
|
|
|
|
11,599,200
|
|
|
|
|
|
|
|
|
|
|
|
$
|
34,248,200
|
|
|
|
|
|
|
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Media 1.1%
|
|
Walt Disney Co.
(The)(1)
|
|
|
300,000
|
|
|
$
|
12,933,000
|
|
|
|
|
|
|
|
|
|
|
|
$
|
12,933,000
|
|
|
|
|
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Metals &
Mining 0.9%
|
|
Freeport-McMoRan Copper & Gold,
Inc.(1)
|
|
|
275,000
|
|
|
$
|
10,532,500
|
|
|
|
|
|
|
|
|
|
|
|
$
|
10,532,500
|
|
|
|
|
|
|
|
Multi-Utilities 4.0%
|
|
National Grid
PLC(1)
|
|
|
500,000
|
|
|
$
|
5,399,264
|
|
|
|
RWE AG(1)
|
|
|
360,000
|
|
|
|
15,475,319
|
|
|
|
Sempra
Energy(1)
|
|
|
215,000
|
|
|
|
13,919,100
|
|
|
|
Veolia
Environnement(1)
|
|
|
780,000
|
|
|
|
11,420,507
|
|
|
|
|
|
|
|
|
|
|
|
$
|
46,214,190
|
|
|
|
|
|
|
|
Oil, Gas & Consumable
Fuels 9.1%
|
|
Chevron
Corp.(1)
|
|
|
345,000
|
|
|
$
|
36,763,200
|
|
|
|
ConocoPhillips(1)
|
|
|
235,000
|
|
|
|
16,833,050
|
|
|
|
ENI SpA(1)
|
|
|
740,000
|
|
|
|
16,442,658
|
|
|
|
Marathon Oil
Corp.(1)
|
|
|
400,000
|
|
|
|
11,736,000
|
|
|
|
Statoil
ASA(1)
|
|
|
600,000
|
|
|
|
16,099,424
|
|
|
|
Total
SA(1)
|
|
|
125,000
|
|
|
|
6,000,450
|
|
|
|
|
|
|
|
|
|
|
|
$
|
103,874,782
|
|
|
|
|
|
|
|
Pharmaceuticals 5.3%
|
|
Johnson &
Johnson(1)
|
|
|
200,000
|
|
|
$
|
13,018,000
|
|
|
|
Pfizer,
Inc.(1)
|
|
|
835,000
|
|
|
|
19,146,550
|
|
|
|
Sanofi
SA(1)
|
|
|
375,000
|
|
|
|
28,643,177
|
|
|
|
|
|
|
|
|
|
|
|
$
|
60,807,727
|
|
|
|
|
|
|
|
Real Estate Investment Trusts
(REITs) 2.6%
|
|
AvalonBay Communities,
Inc.(1)
|
|
|
206,322
|
|
|
$
|
29,999,219
|
|
|
|
|
|
|
|
|
|
|
|
$
|
29,999,219
|
|
|
|
|
|
|
|
Road &
Rail 2.0%
|
|
Union Pacific
Corp.(1)
|
|
|
208,000
|
|
|
$
|
23,387,520
|
|
|
|
|
|
|
|
|
|
|
|
$
|
23,387,520
|
|
|
|
|
|
|
|
Semiconductors & Semiconductor
Equipment 3.5%
|
|
Intel
Corp.(1)
|
|
|
900,000
|
|
|
$
|
25,560,000
|
|
|
|
Taiwan Semiconductor Manufacturing Co., Ltd.
ADR(1)
|
|
|
908,343
|
|
|
|
14,151,984
|
|
|
|
|
|
|
|
|
|
|
|
$
|
39,711,984
|
|
|
|
|
|
|
|
Software 3.6%
|
|
Microsoft
Corp.(1)
|
|
|
900,000
|
|
|
$
|
28,818,000
|
|
|
|
Oracle
Corp.(1)
|
|
|
400,000
|
|
|
|
11,756,000
|
|
|
|
|
|
|
|
|
|
|
|
$
|
40,574,000
|
|
|
|
|
|
|
|
Specialty
Retail 2.6%
|
|
Hennes & Mauritz AB,
Class B(1)(2)
|
|
|
645,000
|
|
|
$
|
22,116,156
|
|
|
|
Kingfisher
PLC(1)
|
|
|
1,500,000
|
|
|
|
7,073,935
|
|
|
|
|
|
|
|
|
|
|
|
$
|
29,190,091
|
|
|
|
|
|
|
|
Tobacco 2.6%
|
|
British American Tobacco
PLC(1)
|
|
|
312,000
|
|
|
$
|
16,002,324
|
|
|
|
Philip Morris International,
Inc.(1)
|
|
|
150,000
|
|
|
|
13,426,500
|
|
|
|
|
|
|
|
|
|
|
|
$
|
29,428,824
|
|
|
|
|
|
|
|
Water
Utilities 1.1%
|
|
United Utilities Group
PLC(1)
|
|
|
1,250,000
|
|
|
$
|
12,542,563
|
|
|
|
|
|
|
|
|
|
|
|
$
|
12,542,563
|
|
|
|
|
|
|
|
Wireless Telecommunication
Services 1.1%
|
|
Millicom International Cellular SA
SDR(1)
|
|
|
120,000
|
|
|
$
|
12,700,891
|
|
|
|
|
|
|
|
|
|
|
|
$
|
12,700,891
|
|
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
(identified
cost $1,052,773,243)
|
|
$
|
1,246,081,245
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred Stocks 20.7%
|
|
Security
|
|
Shares
|
|
|
Value
|
|
|
|
|
|
|
Capital
Markets 0.4%
|
|
Charles Schwab Corp. (The),
7.00%(3)
|
|
|
3,715
|
|
|
$
|
4,046,609
|
|
|
|
|
|
|
|
|
|
|
|
$
|
4,046,609
|
|
|
|
|
|
|
See Notes to
Financial Statements.
6
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Security
|
|
Shares
|
|
|
Value
|
|
|
|
|
|
Commercial
Banks 9.8%
|
|
Abbey National Capital Trust I,
8.963%(3)
|
|
|
5,378
|
|
|
$
|
5,592,457
|
|
|
|
Bank of America Corp.,
8.125%(3)
|
|
|
6,053
|
|
|
|
6,506,462
|
|
|
|
Barclays Bank PLC, 7.10%
|
|
|
172,631
|
|
|
|
4,270,891
|
|
|
|
BNP Paribas,
7.195%(3)(4)
|
|
|
48.05
|
|
|
|
4,301,352
|
|
|
|
Countrywide Capital V, 7.00%
|
|
|
71,000
|
|
|
|
1,691,220
|
|
|
|
Deutsche Bank Contingent Capital Trust III, 7.60%
|
|
|
109,856
|
|
|
|
2,824,398
|
|
|
|
Farm Credit Bank of Texas, Series 1, 10.00%
|
|
|
5,718
|
|
|
|
6,804,420
|
|
|
|
First Niagara Financial Group, Inc., Series B,
8.625%(3)
|
|
|
167,620
|
|
|
|
4,750,351
|
|
|
|
First Republic Bank, Series A, 6.70%
|
|
|
119,600
|
|
|
|
3,104,816
|
|
|
|
HSBC Capital Funding LP,
10.176%(3)(4)
|
|
|
2,517
|
|
|
|
3,382,647
|
|
|
|
JPMorgan Chase & Co., Series 1,
7.90%(3)
|
|
|
14,752
|
|
|
|
16,222,220
|
|
|
|
KeyCorp, Series A, 7.75%
|
|
|
58,635
|
|
|
|
6,526,662
|
|
|
|
Landsbanki Islands HF,
7.431%(2)(3)(4)(5)(6)
|
|
|
14,850
|
|
|
|
0
|
|
|
|
Lloyds Banking Group PLC,
6.267%(3)(4)
|
|
|
6,481
|
|
|
|
4,180,245
|
|
|
|
Lloyds Banking Group PLC,
6.657%(2)(3)(4)
|
|
|
9,897
|
|
|
|
6,680,475
|
|
|
|
PNC Financial Services Group, Inc., Series O,
6.75%(3)
|
|
|
1,055
|
|
|
|
1,127,914
|
|
|
|
PNC Financial Services Group, Inc., Series P,
6.125%(3)
|
|
|
202,500
|
|
|
|
5,123,250
|
|
|
|
Royal Bank of Scotland Group PLC,
7.648%(3)
|
|
|
3,450
|
|
|
|
2,873,283
|
|
|
|
Royal Bank of Scotland Group PLC, Series F, 7.65%
|
|
|
57,778
|
|
|
|
1,332,361
|
|
|
|
Royal Bank of Scotland Group PLC, Series Q, 6.75%
|
|
|
17,600
|
|
|
|
306,592
|
|
|
|
Royal Bank of Scotland Group PLC, Series S, 6.60%
|
|
|
78,150
|
|
|
|
1,336,365
|
|
|
|
Standard Chartered PLC,
6.409%(3)(4)
|
|
|
31.97
|
|
|
|
2,998,666
|
|
|
|
Standard Chartered PLC,
7.014%(3)(4)
|
|
|
53.47
|
|
|
|
5,240,786
|
|
|
|
U.S. Bancorp, Series F,
6.50%(3)
|
|
|
137,214
|
|
|
|
3,731,054
|
|
|
|
Wells Fargo & Co., Series L, 7.50%
|
|
|
9,040
|
|
|
|
10,125,071
|
|
|
|
Zions Bancorporation, Series C, 9.50%
|
|
|
49,950
|
|
|
|
1,309,689
|
|
|
|
|
|
|
|
|
|
|
|
$
|
112,343,647
|
|
|
|
|
|
|
|
Consumer
Finance 0.7%
|
|
Ally Financial, Inc., Series A,
8.50%(3)
|
|
|
380,300
|
|
|
$
|
8,557,701
|
|
|
|
|
|
|
|
|
|
|
|
$
|
8,557,701
|
|
|
|
|
|
|
|
Diversified Financial
Services 0.6%
|
|
Citigroup Capital XI, 6.00%
|
|
|
169,580
|
|
|
$
|
4,108,923
|
|
|
|
RBS Capital Funding Trust VII, Series G, 6.08%
|
|
|
166,895
|
|
|
|
2,378,254
|
|
|
|
|
|
|
|
|
|
|
|
$
|
6,487,177
|
|
|
|
|
|
|
|
Electric
Utilities 1.6%
|
|
Entergy Arkansas, Inc., 6.45%
|
|
|
54,000
|
|
|
$
|
1,360,125
|
|
|
|
Entergy Louisiana, LLC, 6.95%
|
|
|
3,675
|
|
|
|
370,716
|
|
|
|
NextEra Energy Capital Holdings, Inc., Series G, 5.70%
|
|
|
121,000
|
|
|
|
3,124,522
|
|
|
|
Southern California Edison Co., Series C, 6.00%
|
|
|
10,307
|
|
|
|
1,032,955
|
|
|
|
Southern California Edison Co., Series D, 6.50%
|
|
|
48,760
|
|
|
|
5,113,705
|
|
|
|
Southern California Edison Co., Series E,
6.25%(3)
|
|
|
2,656
|
|
|
|
2,831,356
|
|
|
|
Virginia Electric and Power Co., 6.12%
|
|
|
47
|
|
|
|
4,888,394
|
|
|
|
|
|
|
|
|
|
|
|
$
|
18,721,773
|
|
|
|
|
|
|
|
Food Products 0.9%
|
|
Dairy Farmers of America,
7.875%(4)
|
|
|
86,230
|
|
|
$
|
8,577,195
|
|
|
|
Ocean Spray Cranberries, Inc.,
6.25%(4)
|
|
|
12,750
|
|
|
|
1,145,109
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,722,304
|
|
|
|
|
|
|
|
Insurance 4.3%
|
|
Aegon NV, 6.375%
|
|
|
110,238
|
|
|
$
|
2,601,617
|
|
|
|
Allianz SE, 8.375%
|
|
|
34,080
|
|
|
|
902,057
|
|
|
|
Arch Capital Group, Ltd., Series A, 8.00%
|
|
|
41,985
|
|
|
|
1,048,785
|
|
|
|
Arch Capital Group, Ltd., Series C, 6.75%
|
|
|
199,000
|
|
|
|
5,124,748
|
|
|
|
Aspen Insurance Holdings, Ltd., 7.25%
|
|
|
95,970
|
|
|
|
2,395,411
|
|
|
|
Aspen Insurance Holdings, Ltd.,
7.401%(3)
|
|
|
47,350
|
|
|
|
1,203,637
|
|
|
|
AXA SA,
6.379%(3)(4)
|
|
|
2,752
|
|
|
|
2,281,679
|
|
|
|
Axis Capital Holdings, Ltd., Series C, 6.875%
|
|
|
178,060
|
|
|
|
4,620,657
|
|
|
|
Endurance Specialty Holdings, Ltd., Series B, 7.50%
|
|
|
197,675
|
|
|
|
5,194,899
|
|
|
|
Montpelier Re Holdings, Ltd., 8.875%
|
|
|
385,446
|
|
|
|
10,445,587
|
|
|
|
PartnerRe, Ltd., Series E, 7.25%
|
|
|
167,646
|
|
|
|
4,449,325
|
|
|
|
Prudential PLC, 6.50%
|
|
|
6,611
|
|
|
|
6,348,947
|
|
|
|
RenaissanceRe Holdings, Ltd., Series D, 6.60%
|
|
|
50,855
|
|
|
|
1,279,003
|
|
|
|
XLIT, Ltd., Series D,
3.586%(3)
|
|
|
1,935
|
|
|
|
1,359,458
|
|
|
|
|
|
|
|
|
|
|
|
$
|
49,255,810
|
|
|
|
|
|
|
|
Oil, Gas & Consumable
Fuels 0.3%
|
|
Nexen, Inc., 7.35%
|
|
|
123,200
|
|
|
$
|
3,121,888
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,121,888
|
|
|
|
|
|
|
|
Real Estate Investment Trusts
(REITs) 1.7%
|
|
CapLease, Inc., Series A, 8.125%
|
|
|
200,000
|
|
|
$
|
5,000,000
|
|
|
|
Cedar Shopping Centers, Inc., Series A, 8.875%
|
|
|
123,300
|
|
|
|
3,150,315
|
|
|
|
DDR Corp., Series H, 7.375%
|
|
|
115,250
|
|
|
|
2,889,318
|
|
|
|
DDR Corp., Series I, 7.50%
|
|
|
117,000
|
|
|
|
2,939,040
|
|
|
|
Regency Centers Corp., Series 6, 6.625%
|
|
|
81,140
|
|
|
|
2,073,127
|
|
|
|
Sunstone Hotel Investors, Inc., Series A, 8.00%
|
|
|
24,800
|
|
|
|
610,080
|
|
|
|
Sunstone Hotel Investors, Inc., Series D, 8.00%
|
|
|
129,500
|
|
|
|
3,221,312
|
|
|
|
|
|
|
|
|
|
|
|
$
|
19,883,192
|
|
|
|
|
|
|
|
Telecommunications 0.2%
|
|
Centaur Funding Corp.,
9.08%(4)
|
|
|
1,968
|
|
|
$
|
2,337,000
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,337,000
|
|
|
|
|
|
|
|
Thrifts & Mortgage
Finance 0.2%
|
|
Elmira Savings Bank FSB (The),
8.998%(3)
|
|
|
2,545
|
|
|
$
|
2,074,175
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,074,175
|
|
|
|
|
|
|
|
|
Total Preferred Stocks
|
|
|
(identified cost $243,799,964)
|
|
$
|
236,551,276
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Financial Statements.
7
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds & Notes 6.2%
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
Security
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Commercial
Banks 1.3%
|
|
ABN Amro North American Holding Preferred Capital Repackage
Trust I, 6.523% to 11/8/12,
12/29/49(4)(7)
|
|
$
|
3,593
|
|
|
$
|
3,233,700
|
|
|
|
Banco Industriale Comercial SA,
8.50%, 4/27/20(4)
|
|
|
1,050
|
|
|
|
1,088,504
|
|
|
|
Capital One Capital III, 7.686% to 8/15/36,
8/1/66(7)
|
|
|
718
|
|
|
|
726,975
|
|
|
|
Citigroup Capital III, 7.625%, 12/1/36
|
|
|
2,515
|
|
|
|
2,627,602
|
|
|
|
Groupe BPCE, 12.50% to 9/30/19,
8/29/49(4)(7)
|
|
|
5,653
|
|
|
|
5,946,622
|
|
|
|
Mellon Capital IV, 6.244% to 6/20/12,
6/29/49(7)
|
|
|
1,238
|
|
|
|
1,043,015
|
|
|
|
SunTrust Preferred Capital I,
4.00%, 6/29/49(3)
|
|
|
400
|
|
|
|
288,140
|
|
|
|
|
|
|
|
|
|
|
|
$
|
14,954,558
|
|
|
|
|
|
|
|
Diversified Financial
Services 1.2%
|
|
GE Capital Trust I, 6.375% to 11/15/17,
11/15/67(7)
|
|
$
|
4,068
|
|
|
$
|
4,169,700
|
|
|
|
HSBC Finance Capital Trust IX, 5.911% to 11/30/15,
11/30/35(7)
|
|
|
1,600
|
|
|
|
1,480,000
|
|
|
|
Textron Financial Corp., 6.00% to 2/15/17,
2/15/67(4)(7)
|
|
|
7,240
|
|
|
|
5,538,600
|
|
|
|
ZFS Finance USA Trust V, 6.50% to 5/9/17, 5/9/37,
5/9/67(4)(7)(8)
|
|
|
2,485
|
|
|
|
2,435,300
|
|
|
|
|
|
|
|
|
|
|
|
$
|
13,623,600
|
|
|
|
|
|
|
|
Electric
Utilities 0.9%
|
|
Energisa SA,
9.50%, 1/29/49(4)
|
|
$
|
2,300
|
|
|
$
|
2,392,000
|
|
|
|
PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17,
3/30/67(7)
|
|
|
8,600
|
|
|
|
8,522,772
|
|
|
|
|
|
|
|
|
|
|
|
$
|
10,914,772
|
|
|
|
|
|
|
|
Insurance 1.9%
|
|
Allstate Corp. (The), 6.125% to 5/15/17, 5/15/37,
5/15/67(7)(8)
|
|
$
|
830
|
|
|
$
|
816,513
|
|
|
|
MetLife, Inc., 10.75% to 8/1/34, 8/1/39,
8/1/69(7)(8)
|
|
|
5,460
|
|
|
|
7,616,700
|
|
|
|
QBE Capital Funding II, LP, 6.797% to 6/1/17,
6/29/49(4)(7)
|
|
|
2,115
|
|
|
|
1,855,925
|
|
|
|
QBE Capital Funding III, Ltd., 7.25% to 5/24/21,
5/24/41(4)(7)
|
|
|
1,513
|
|
|
|
1,386,613
|
|
|
|
Swiss Re Capital I, LP, 6.854% to 5/25/16,
5/25/49(4)(7)
|
|
|
4,758
|
|
|
|
4,378,711
|
|
|
|
XL Capital, Ltd., 6.50% to 4/15/17,
12/29/49(7)
|
|
|
6,821
|
|
|
|
5,712,587
|
|
|
|
|
|
|
|
|
|
|
|
$
|
21,767,049
|
|
|
|
|
|
|
|
Pipelines 0.9%
|
|
Enterprise Products Operating, LLC, 7.00% to 6/1/17,
6/1/67(7)
|
|
$
|
2,920
|
|
|
$
|
2,941,646
|
|
|
|
Southern Union Co.,
3.564%, 11/1/66(3)
|
|
|
8,685
|
|
|
|
7,371,394
|
|
|
|
|
|
|
|
|
|
|
|
$
|
10,313,040
|
|
|
|
|
|
|
|
|
Total Corporate Bonds &
Notes
|
|
|
(identified cost $69,831,022)
|
|
$
|
71,573,019
|
|
|
|
|
|
|
|
|
Total Investments 135.9%
|
|
|
(identified
cost $1,366,404,229)
|
|
$
|
1,554,205,540
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less
Liabilities (35.9)%
|
|
$
|
(410,977,862
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets 100.0%
|
|
$
|
1,143,227,678
|
|
|
|
|
|
The percentage shown for each investment category in the
Portfolio of Investments is based on net assets.
|
|
|
ADR
|
|
- American Depositary Receipt
|
SDR
|
|
- Swedish Depositary Receipt
|
|
|
|
(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, 2012. |
|
(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,
2012, the aggregate value of these securities is $69,381,129 or
6.1% of the Funds net assets. |
|
(5) |
|
Defaulted security. |
|
(6) |
|
For fair value measurement disclosure purposes, security is
categorized as Level 3 (see Note 9). |
|
(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. |
See Notes to
Financial Statements.
8
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Country Concentration of Portfolio
|
|
|
|
Percentage of
|
|
|
|
|
|
|
Country
|
|
Total Investments
|
|
|
Value
|
|
|
|
|
|
United States
|
|
|
57.2
|
%
|
|
$
|
889,629,075
|
|
|
|
Sweden
|
|
|
7.7
|
|
|
|
120,038,608
|
|
|
|
Germany
|
|
|
6.5
|
|
|
|
100,107,801
|
|
|
|
United Kingdom
|
|
|
5.8
|
|
|
|
90,230,824
|
|
|
|
France
|
|
|
5.2
|
|
|
|
80,638,639
|
|
|
|
Switzerland
|
|
|
5.0
|
|
|
|
78,273,368
|
|
|
|
Bermuda
|
|
|
2.3
|
|
|
|
35,762,052
|
|
|
|
Norway
|
|
|
2.2
|
|
|
|
34,317,682
|
|
|
|
Netherlands
|
|
|
2.1
|
|
|
|
32,397,664
|
|
|
|
Belgium
|
|
|
1.7
|
|
|
|
25,947,174
|
|
|
|
Finland
|
|
|
1.1
|
|
|
|
17,014,036
|
|
|
|
Italy
|
|
|
1.1
|
|
|
|
16,442,658
|
|
|
|
Taiwan
|
|
|
0.9
|
|
|
|
14,151,984
|
|
|
|
Cayman Islands
|
|
|
0.6
|
|
|
|
9,409,045
|
|
|
|
Brazil
|
|
|
0.2
|
|
|
|
3,480,504
|
|
|
|
Australia
|
|
|
0.2
|
|
|
|
3,242,538
|
|
|
|
Canada
|
|
|
0.2
|
|
|
|
3,121,888
|
|
|
|
Iceland
|
|
|
0.0
|
|
|
|
0
|
|
|
|
|
|
Total Investments
|
|
|
100.0
|
%
|
|
$
|
1,554,205,540
|
|
|
|
|
|
See Notes to
Financial Statements.
9
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Statement
of Assets and Liabilities (Unaudited)
|
|
|
|
|
|
|
Assets
|
|
April 30, 2012
|
|
|
|
Unaffiliated investments, at value (identified cost,
$1,366,404,229)
|
|
$
|
1,554,205,540
|
|
|
|
Cash
|
|
|
459,350
|
|
|
|
Foreign currency, at value (identified cost, $4,587,950)
|
|
|
4,632,899
|
|
|
|
Dividends and interest receivable
|
|
|
7,212,490
|
|
|
|
Interest receivable from affiliated investment
|
|
|
435
|
|
|
|
Tax reclaims receivable
|
|
|
4,012,060
|
|
|
|
|
|
Total assets
|
|
$
|
1,570,522,774
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities
|
|
Notes payable
|
|
$
|
425,000,000
|
|
|
|
Payable for investments purchased
|
|
|
891,498
|
|
|
|
Payable to affiliates:
|
|
|
|
|
|
|
Investment adviser fee
|
|
|
1,091,568
|
|
|
|
Trustees fees
|
|
|
5,085
|
|
|
|
Accrued expenses
|
|
|
306,945
|
|
|
|
|
|
Total liabilities
|
|
$
|
427,295,096
|
|
|
|
|
|
Net assets
|
|
$
|
1,143,227,678
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
(494,464,869
|
)
|
|
|
Accumulated undistributed net investment income
|
|
|
1,318,930
|
|
|
|
Net unrealized appreciation
|
|
|
188,092,760
|
|
|
|
|
|
Net assets
|
|
$
|
1,143,227,678
|
|
|
|
|
|
Net Asset Value ($1,143,227,678
¸
76,300,214 common shares issued and outstanding)
|
|
$
|
14.98
|
|
|
|
|
|
See Notes to
Financial Statements.
10
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Statement
of Operations (Unaudited)
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
|
Investment Income
|
|
April 30, 2012
|
|
|
|
Dividends (net of foreign taxes, $2,887,718)
|
|
$
|
46,508,696
|
|
|
|
Interest
|
|
|
2,660,601
|
|
|
|
Interest income allocated from affiliated investment
|
|
|
11,104
|
|
|
|
Expenses allocated from affiliated investment
|
|
|
(1,733
|
)
|
|
|
|
|
Total investment income
|
|
$
|
49,178,668
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses
|
|
Investment adviser fee
|
|
$
|
6,484,041
|
|
|
|
Trustees fees and expenses
|
|
|
31,386
|
|
|
|
Custodian fee
|
|
|
225,670
|
|
|
|
Transfer and dividend disbursing agent fees
|
|
|
10,084
|
|
|
|
Legal and accounting services
|
|
|
196,469
|
|
|
|
Printing and postage
|
|
|
138,621
|
|
|
|
Interest expense and fees
|
|
|
2,708,662
|
|
|
|
Miscellaneous
|
|
|
70,396
|
|
|
|
|
|
Total expenses
|
|
$
|
9,865,329
|
|
|
|
|
|
Deduct
|
|
|
|
|
|
|
Reduction of investment adviser fee
|
|
$
|
183,171
|
|
|
|
Reduction of custodian fee
|
|
|
16
|
|
|
|
|
|
Total expense reductions
|
|
$
|
183,187
|
|
|
|
|
|
|
|
|
|
|
|
|
Net expenses
|
|
$
|
9,682,142
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income
|
|
$
|
39,496,526
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and Unrealized Gain (Loss)
|
|
Net realized gain (loss)
|
|
|
|
|
|
|
Investment transactions
|
|
$
|
61,258,419
|
|
|
|
Investment transactions allocated from affiliated investment
|
|
|
284
|
|
|
|
Foreign currency transactions
|
|
|
(229,119
|
)
|
|
|
|
|
Net realized gain
|
|
$
|
61,029,584
|
|
|
|
|
|
Change in unrealized appreciation (depreciation)
|
|
|
|
|
|
|
Investments
|
|
$
|
(7,509,055
|
)
|
|
|
Foreign currency
|
|
|
(7,490
|
)
|
|
|
|
|
Net change in unrealized appreciation (depreciation)
|
|
$
|
(7,516,545
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized gain
|
|
$
|
53,513,039
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in net assets from operations
|
|
$
|
93,009,565
|
|
|
|
|
|
See Notes to
Financial Statements.
11
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Statements
of Changes in Net Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
|
|
|
|
|
April 30, 2012
|
|
Year Ended
|
|
|
Increase (Decrease)
in Net Assets
|
|
(Unaudited)
|
|
October 31, 2011
|
|
|
|
From operations
|
|
|
|
|
|
|
|
|
|
|
Net investment income
|
|
$
|
39,496,526
|
|
|
$
|
101,738,004
|
|
|
|
Net realized gain from investment and foreign currency
transactions
|
|
|
61,029,584
|
|
|
|
81,036,832
|
|
|
|
Net change in unrealized appreciation (depreciation) from
investments and foreign currency
|
|
|
(7,516,545
|
)
|
|
|
(147,536,591
|
)
|
|
|
|
|
Net increase in net assets from operations
|
|
$
|
93,009,565
|
|
|
$
|
35,238,245
|
|
|
|
|
|
Distributions to shareholders
|
|
|
|
|
|
|
|
|
|
|
From net investment income
|
|
$
|
(46,924,632
|
)
|
|
$
|
(93,849,263
|
)
|
|
|
|
|
Total distributions
|
|
$
|
(46,924,632
|
)
|
|
$
|
(93,849,263
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in net assets
|
|
$
|
46,084,933
|
|
|
$
|
(58,611,018
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets
|
|
At beginning of period
|
|
$
|
1,097,142,745
|
|
|
$
|
1,155,753,763
|
|
|
|
|
|
At end of period
|
|
$
|
1,143,227,678
|
|
|
$
|
1,097,142,745
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated undistributed net
investment income
included in net assets
|
|
At end of period
|
|
$
|
1,318,930
|
|
|
$
|
8,747,036
|
|
|
|
|
|
See Notes to
Financial Statements.
12
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Statement
of Cash Flows (Unaudited)
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
|
Cash Flows From
Operating Activities
|
|
April 30, 2012
|
|
|
|
Net increase in net assets from operations
|
|
$
|
93,009,565
|
|
|
|
Adjustments to reconcile net increase in net assets from
operations to net cash provided by operating activities:
|
|
|
|
|
|
|
Investments purchased
|
|
|
(840,879,564
|
)
|
|
|
Investments sold
|
|
|
823,507,738
|
|
|
|
Decrease in short-term investments, net
|
|
|
11,352,616
|
|
|
|
Net amortization/accretion of premium (discount)
|
|
|
27,429
|
|
|
|
Increase in dividends and interest receivable
|
|
|
(4,529,149
|
)
|
|
|
Decrease in interest receivable from affiliated investment
|
|
|
1,020
|
|
|
|
Decrease in receivable for investments sold
|
|
|
34,184,410
|
|
|
|
Increase in tax reclaims receivable
|
|
|
(142,097
|
)
|
|
|
Decrease in payable for investments purchased
|
|
|
(15,072,350
|
)
|
|
|
Increase in payable to affiliate for investment adviser fee
|
|
|
91,488
|
|
|
|
Increase in payable to affiliate for Trustees fees
|
|
|
877
|
|
|
|
Increase in accrued expenses
|
|
|
4,517
|
|
|
|
Net change in unrealized (appreciation) depreciation from
investments
|
|
|
7,509,055
|
|
|
|
Net realized gain from investments
|
|
|
(61,258,419
|
)
|
|
|
|
|
Net cash provided by operating activities
|
|
$
|
47,807,136
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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*
|
|
$
|
882,504
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash at beginning of
period(1)
|
|
$
|
4,209,745
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash at end of
period(1)
|
|
$
|
5,092,249
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of cash
flow information:
|
|
Cash paid for interest and fees on borrowings
|
|
$
|
2,706,943
|
|
|
|
|
|
|
|
|
(1) |
|
Balance includes foreign currency, at value. |
* |
|
Includes net change in unrealized appreciation (depreciation) on
foreign currency of $44,949. |
See Notes to
Financial Statements.
13
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Selected data for a common share
outstanding during the periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
Year Ended October 31,
|
|
|
|
|
April 30, 2012
|
|
|
|
|
(Unaudited)
|
|
2011
|
|
2010
|
|
2009
|
|
2008
|
|
2007
|
|
|
|
Net asset value Beginning of period (Common shares)
|
|
$
|
14.380
|
|
|
$
|
15.150
|
|
|
$
|
13.890
|
|
|
$
|
14.340
|
|
|
$
|
31.370
|
|
|
$
|
26.210
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) From
Operations
|
|
Net investment
income(1)
|
|
$
|
0.518
|
|
|
$
|
1.333
|
|
|
$
|
1.242
|
|
|
$
|
1.114
|
|
|
$
|
2.320
|
|
|
$
|
2.102
|
|
|
|
Net realized and unrealized gain (loss)
|
|
|
0.697
|
|
|
|
(0.873)
|
|
|
|
1.248
|
|
|
|
(0.108)
|
|
|
|
(17.421)
|
|
|
|
5.158
|
|
|
|
Distributions to preferred shareholders
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net investment income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(0.203)
|
|
|
|
(0.468
|
)
|
|
|
|
|
Total income (loss) from operations
|
|
$
|
1.215
|
|
|
$
|
0.460
|
|
|
$
|
2.490
|
|
|
$
|
1.006
|
|
|
$
|
(15.304)
|
|
|
$
|
6.792
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less Distributions
to Common Shareholders
|
|
From net investment income
|
|
$
|
(0.615)
|
|
|
$
|
(1.230)
|
|
|
$
|
(1.230)
|
|
|
$
|
(1.456)
|
|
|
$
|
(1.726)
|
|
|
$
|
(1.632
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions to common shareholders
|
|
$
|
(0.615)
|
|
|
$
|
(1.230)
|
|
|
$
|
(1.230)
|
|
|
$
|
(1.456)
|
|
|
$
|
(1.726)
|
|
|
$
|
(1.632
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value End of period (Common shares)
|
|
$
|
14.980
|
|
|
$
|
14.380
|
|
|
$
|
15.150
|
|
|
$
|
13.890
|
|
|
$
|
14.340
|
|
|
$
|
31.370
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market value End of period (Common shares)
|
|
$
|
14.460
|
|
|
$
|
13.340
|
|
|
$
|
14.340
|
|
|
$
|
12.550
|
|
|
$
|
12.300
|
|
|
$
|
28.300
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Return on Net Asset
Value(2)
|
|
|
9.01
|
%(3)
|
|
|
3.45
|
%
|
|
|
19.46
|
%
|
|
|
11.37
|
%
|
|
|
(50.33)
|
%
|
|
|
27.22
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Return on Market
Value(2)
|
|
|
13.43
|
%(3)
|
|
|
1.39
|
%
|
|
|
25.06
|
%
|
|
|
17.40
|
%
|
|
|
(52.78)
|
%
|
|
|
21.83
|
%
|
|
|
|
|
See Notes to
Financial Statements.
14
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Financial
Highlights continued
Selected data for a common share
outstanding during the periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
Year Ended October 31,
|
|
|
|
|
April 30, 2012
|
|
|
Ratios/Supplemental
Data
|
|
(Unaudited)
|
|
2011
|
|
2010
|
|
2009
|
|
2008
|
|
2007
|
|
|
|
Net assets applicable to common shares, end of period
(000s omitted)
|
|
$
|
1,143,228
|
|
|
$
|
1,097,143
|
|
|
$
|
1,155,754
|
|
|
$
|
1,059,505
|
|
|
$
|
1,093,466
|
|
|
$
|
2,392,750
|
|
|
|
Ratios (as a percentage of average daily net assets applicable
to common
shares):(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses excluding interest and
fees(5)
|
|
|
1.26
|
%(6)
|
|
|
1.17
|
%
|
|
|
1.10
|
%
|
|
|
1.07
|
%
|
|
|
1.03
|
%
|
|
|
1.04
|
%
|
|
|
Interest and fee
expense(7)
|
|
|
0.49
|
%(6)
|
|
|
0.38
|
%
|
|
|
0.41
|
%
|
|
|
0.87
|
%
|
|
|
0.65
|
%
|
|
|
|
|
|
|
Total
expenses(5)
|
|
|
1.75
|
%(6)
|
|
|
1.55
|
%
|
|
|
1.51
|
%
|
|
|
1.94
|
%
|
|
|
1.68
|
%
|
|
|
1.04
|
%
|
|
|
Net investment income
|
|
|
7.15
|
%(6)
|
|
|
8.69
|
%
|
|
|
8.71
|
%
|
|
|
9.06
|
%
|
|
|
9.25
|
%
|
|
|
7.30
|
%
|
|
|
Portfolio Turnover
|
|
|
55
|
%(3)
|
|
|
95
|
%
|
|
|
103
|
%
|
|
|
87
|
%
|
|
|
82
|
%
|
|
|
35
|
%
|
|
|
|
|
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):(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses excluding interest and
fees(5)
|
|
|
0.92
|
%(6)
|
|
|
0.87
|
%
|
|
|
0.84
|
%
|
|
|
0.77
|
%
|
|
|
0.75
|
%
|
|
|
0.77
|
%
|
|
|
Interest and fee
expense(7)
|
|
|
0.35
|
%(6)
|
|
|
0.28
|
%
|
|
|
0.31
|
%
|
|
|
0.62
|
%
|
|
|
0.47
|
%
|
|
|
|
|
|
|
Total
expenses(5)
|
|
|
1.27
|
%(6)
|
|
|
1.15
|
%
|
|
|
1.15
|
%
|
|
|
1.39
|
%
|
|
|
1.22
|
%
|
|
|
0.77
|
%
|
|
|
Net investment income
|
|
|
5.17
|
%(6)
|
|
|
6.45
|
%
|
|
|
6.63
|
%
|
|
|
6.48
|
%
|
|
|
6.70
|
%
|
|
|
5.44
|
%
|
|
|
|
|
Senior Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total notes payable outstanding (in 000s)
|
|
$
|
425,000
|
|
|
$
|
425,000
|
|
|
$
|
402,000
|
|
|
$
|
339,000
|
|
|
$
|
499,000
|
|
|
$
|
|
|
|
|
Asset coverage per $1,000 of notes
payable(8)
|
|
$
|
3,690
|
|
|
$
|
3,582
|
|
|
$
|
3,875
|
|
|
$
|
4,125
|
|
|
$
|
3,191
|
|
|
$
|
|
|
|
|
Total preferred shares outstanding
|
|
|
|
(9)
|
|
|
|
(9)
|
|
|
|
(9)
|
|
|
|
(9)
|
|
|
|
(9)
|
|
|
30,000
|
|
|
|
Asset coverage per preferred
share(10)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
104,767
|
|
|
|
Involuntary liquidation preference per preferred
share(11)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
25,000
|
|
|
|
Approximate market value per preferred
share(11)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
|
(9)
|
|
$
|
25,000
|
|
|
|
|
|
|
|
|
(1) |
|
Computed using average common shares outstanding. |
(2) |
|
Returns are historical and are calculated by determining the
percentage change in net asset value or market value with all
distributions reinvested. |
(3) |
|
Not annualized. |
(4) |
|
Ratios do not reflect the effect of dividend payments to
preferred shareholders. |
(5) |
|
Excludes the effect of custody fee credits, if any, of less than
0.005%. |
(6) |
|
Annualized. |
(7) |
|
Interest and fee expense relates to the notes payable incurred
to redeem the Funds preferred shares (see Note 7). |
(8) |
|
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. |
(9) |
|
The Funds preferred shares were fully redeemed during the
year ended October 31, 2008. |
(10) |
|
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. |
(11) |
|
Plus accumulated and unpaid dividends. |
See Notes to
Financial Statements.
15
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
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 obligations 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 Funds 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 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 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 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.
16
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Notes
to Financial Statements (Unaudited) continued
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.
At October 31, 2011, the Fund, for federal income tax
purposes, had a capital loss carryforward of $555,333,925 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, 2014 ($23,127,825), 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). In addition, such capital loss carryforward
cannot be utilized prior to the utilization of new capital
losses, if any, created after October 31, 2011.
As of April 30, 2012, the Fund had no uncertain tax
positions that would require financial statement recognition,
de-recognition, or disclosure. The Fund files a U.S. federal
income tax return annually after its fiscal year-end, which is
subject to examination by the Internal Revenue Service for a
period of three years from the date of filing.
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, 2012 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.
17
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Notes
to Financial Statements (Unaudited) continued
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 the Funds 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 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, 2012, the Funds investment adviser
fee amounted to $6,484,041, 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 eight full
years of operations on January 30, 2012. Pursuant to this
agreement, EVM waived $183,171 of its investment adviser fee for
the six months ended April 30, 2012.
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, 2012, 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 $840,879,564 and $823,507,738,
respectively, for the six months ended April 30, 2012.
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, 2012 and the year ended
October 31, 2011.
6 Federal
Income Tax Basis of Investments
The cost and unrealized appreciation (depreciation) of
investments of the Fund at April 30, 2012, as determined on
a federal income tax basis, were as follows:
|
|
|
|
|
|
|
Aggregate cost
|
|
$
|
1,366,564,757
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
242,780,398
|
|
|
|
Gross unrealized depreciation
|
|
|
(55,139,615
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
187,640,783
|
|
|
|
|
|
|
|
|
|
|
|
|
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 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, 2012, the Fund had
borrowings outstanding under the Agreement of $425 million
at an interest rate of 1.17%. The carrying amount of the
borrowings at April 30, 2012 approximated its fair value.
For the six months ended April 30, 2012, the average
borrowings under the Agreement and the average interest rate
(annualized) were $425 million and 1.23%, 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
18
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Notes
to Financial Statements (Unaudited) continued
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
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, 2012, 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
|
|
$
|
79,345,950
|
|
|
$
|
29,190,091
|
|
|
$
|
|
|
|
$
|
108,536,041
|
|
|
|
Consumer Staples
|
|
|
39,373,674
|
|
|
|
38,959,047
|
|
|
|
|
|
|
|
78,332,721
|
|
|
|
Energy
|
|
|
65,332,250
|
|
|
|
38,542,532
|
|
|
|
|
|
|
|
103,874,782
|
|
|
|
Financials
|
|
|
179,824,920
|
|
|
|
125,351,608
|
|
|
|
|
|
|
|
305,176,528
|
|
|
|
Health Care
|
|
|
56,028,300
|
|
|
|
54,207,440
|
|
|
|
|
|
|
|
110,235,740
|
|
|
|
Industrials
|
|
|
87,555,854
|
|
|
|
18,708,280
|
|
|
|
|
|
|
|
106,264,134
|
|
|
|
Information Technology
|
|
|
158,186,304
|
|
|
|
|
|
|
|
|
|
|
|
158,186,304
|
|
|
|
Materials
|
|
|
38,897,600
|
|
|
|
18,113,283
|
|
|
|
|
|
|
|
57,010,883
|
|
|
|
Telecommunication Services
|
|
|
|
|
|
|
118,233,108
|
|
|
|
|
|
|
|
118,233,108
|
|
|
|
Utilities
|
|
|
29,322,600
|
|
|
|
70,908,404
|
|
|
|
|
|
|
|
100,231,004
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
|
|
$
|
733,867,452
|
|
|
$
|
512,213,793
|
*
|
|
$
|
|
|
|
$
|
1,246,081,245
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Staples
|
|
$
|
|
|
|
$
|
9,722,304
|
|
|
$
|
|
|
|
$
|
9,722,304
|
|
|
|
Energy
|
|
|
3,121,888
|
|
|
|
|
|
|
|
|
|
|
|
3,121,888
|
|
|
|
Financials
|
|
|
101,163,819
|
|
|
|
101,484,492
|
|
|
|
0
|
|
|
|
202,648,311
|
|
|
|
Telecommunication Services
|
|
|
|
|
|
|
2,337,000
|
|
|
|
|
|
|
|
2,337,000
|
|
|
|
Utilities
|
|
|
|
|
|
|
18,721,773
|
|
|
|
|
|
|
|
18,721,773
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stocks
|
|
$
|
104,285,707
|
|
|
$
|
132,265,569
|
|
|
$
|
0
|
|
|
$
|
236,551,276
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds & Notes
|
|
$
|
|
|
|
$
|
71,573,019
|
|
|
$
|
|
|
|
$
|
71,573,019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
838,153,159
|
|
|
$
|
716,052,381
|
|
|
$
|
0
|
|
|
$
|
1,554,205,540
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
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,
2012 to require a reconciliation of Level 3 investments. At
April 30, 2012, the value of investments transferred
between Level 1 and Level 2, if any, during the six
months then ended was not significant.
19
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Notes
to Financial Statements (Unaudited) continued
10 Other
Matters
In October 2011, the Fund received a demand letter from a
law firm on behalf of a putative common shareholder who was a
named plaintiff in a previously dismissed class action against
the Fund. 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 (APS)
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
December 2011, 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. To date, a
shareholder derivative action has not been filed.
20
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
In April 2012, the Board authorized the Fund to invest up to 10%
of its net assets in exchange-traded funds (ETFs)
that invest primarily in preferred stocks. ETFs are pooled
investment vehicles that are designed to provide investment
results corresponding to an index. These indexes may be either
broad-based, sector or international. ETFs usually are units of
beneficial interest in an investment trust or represent
undivided ownership interests in a portfolio of securities (or
commodities), in each case with respect to a portfolio of all or
substantially all of the component securities of, and in
substantially the same weighting as, the relevant benchmark
index. ETFs are designed to provide investment results that
generally correspond to the price and yield performance of the
component securities (or commodities) of the benchmark index.
ETFs are listed on an exchange and trade in the secondary market
on a per-share basis. The values of ETFs are subject to change
as the values of their respective component securities (or
commodities) fluctuate according to market volatility.
Investments in ETFs may not exactly match the performance of a
direct investment in the respective indices to which they are
intended to correspond due to the temporary unavailability of
certain index securities in the secondary market or other
extraordinary circumstances, such as discrepancies with respect
to the weighting of securities. Typically, the ETF bears its own
operational expenses, which are deducted from its assets. To the
extent that the Fund invests in ETFs, the Fund must bear these
expenses in addition to the expenses of its own operation.
21
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
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
continuation 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 23, 2012, 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 by each
adviser to the Eaton Vance Funds (including information
specifically requested by the Board) for a series of meetings of
the Contract Review Committee held between February and
April 2012, as well as information considered during prior
meetings of the committee. 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, where relevant, yield data, Sharpe ratios
and information ratios) to the investment performance of
comparable funds over various time periods;
|
|
|
Data regarding investment performance in comparison to benchmark
indices and customized peer groups, in each case as approved by
the Board with respect to the funds;
|
|
|
For each fund, comparative information concerning the fees
charged and the services provided by each adviser in managing
other accounts (including mutual funds, other collective
investment 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 and Trading
|
|
|
|
|
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 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 advisers processes for monitoring
best execution of portfolio transactions, and other policies and
practices of each adviser with respect to trading;
|
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,
including with respect to regulatory and compliance issues,
investment management and other matters;
|
22
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Board
of Trustees Contract Approval continued
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.
|
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, 2012, with respect to one or more
funds, the Board met ten 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 ten, nineteen,
seven, eight and fourteen times respectively. At such meetings,
the Trustees participated in investment and performance reviews
with the portfolio managers and other investment professionals
of each adviser relating to each fund. The Board and its
Committees considered the investment and trading strategies used
in pursuing each funds investment objective, including,
where relevant, the use of derivative instruments, as well as
risk management techniques. The Board and its Committees also
evaluated issues pertaining to industry and regulatory
developments, compliance procedures, fund governance and other
issues with respect to the funds, and received and participated
in reports and presentations provided by Eaton Vance Management
and other fund advisers with respect to such matters.
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 continuation 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
investment 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 including recent changes to such personnel. In
particular, the Board considered 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 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.
23
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
Board
of Trustees Contract Approval continued
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 similarly managed funds identified by an
independent data provider as well as a customized 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, 2011 for
the Fund. On the basis of the foregoing and other relevant
information provided by the Adviser in response to inquiries
from the Contract Review Committee, the Board concluded that the
performance of the Fund was satisfactory.
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, 2011, as compared to a group of
similarly managed funds selected by an independent data
provider. In considering the Funds total expense ratio and
management fees, the Board noted the impact of the Funds
use of leverage. The Board considered that the Adviser had
waived fees
and/or paid
expenses for the Fund. 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 taken by management in recent
years to reduce expenses at the Eaton Vance fund complex level,
including the negotiation of reduced fees for transfer agency
and custody services.
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 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 their relationships 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.
24
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
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Officers of Eaton Vance
Tax-Advantaged Global Dividend Income Fund
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Judith A. Saryan President
Duncan W. Richardson Vice President
Barbara E. Campbell Treasurer
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Maureen A. Gemma Vice President, Secretary and Chief Legal Officer
Paul M. ONeil Chief Compliance Officer
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Trustees of Eaton Vance
Tax-Advantaged Global Dividend Income Fund
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Ralph F. Verni Chairman
Scott E. Eston
Benjamin C. Esty
Thomas E. Faust Jr.*
Allen R. Freedman
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William H. Park
Ronald A. Pearlman
Helen Frame Peters
Lynn A. Stout
Harriett Tee Taggart
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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, 2012, Fund records indicate that there are
200 registered shareholders and approximately 54,599
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.
25
Eaton Vance
Tax-Advantaged
Global Dividend Income Fund
April 30, 2012
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:
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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.
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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.
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Policies and procedures (including physical, electronic and
procedural safeguards) are in place that are designed to protect
the confidentiality of such information.
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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 advisor/broker-dealer, it is likely that only such
advisors 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 (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 advisor, may household the mailing of
your documents indefinitely unless you instruct Eaton Vance, or
your financial advisor, 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 advisor. 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 advisor.
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.
26
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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 a consultant and
private investor. Previously, he served as the Chief Financial Officer of Aveon Group, L.P. (an
investment management firm), 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/A.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment
Companies
Not required in this filing.
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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July 13, 2012 |
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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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July 13, 2012 |
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By:
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/s/ Judith A. Saryan |
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Judith A. Saryan |
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President |
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Date:
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July 13, 2012 |
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