N-Q 1 d309610dnq.htm EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDEND INCOME FUND Eaton Vance Tax-Advantaged Global Dividend Income Fund

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-21470

Investment Company Act File Number

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

(Registrant’s Telephone Number, Including Area Code)

October 31

Date of Fiscal Year End

January 31, 2016

Date of Reporting Period

 

 

 


Item 1. Schedule of Investments


Eaton Vance

Tax-Advantaged Global Dividend Income Fund

January 31, 2016

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 106.9%

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 2.2%

  

United Technologies Corp.(1)

     308,556       $ 27,057,276   
     

 

 

 
   $ 27,057,276   
     

 

 

 

Air Freight & Logistics — 1.1%

     

C.H. Robinson Worldwide, Inc.

     199,740       $ 12,937,160   
     

 

 

 
   $ 12,937,160   
     

 

 

 

Airlines — 1.0%

     

easyJet PLC

     540,803       $ 11,987,824   
     

 

 

 
   $ 11,987,824   
     

 

 

 

Automobiles — 0.6%

     

Toyota Motor Corp.(1)

     115,986       $ 6,985,786   
     

 

 

 
   $ 6,985,786   
     

 

 

 

Banks — 8.9%

     

JPMorgan Chase & Co.(1)

     393,187       $ 23,394,626   

Lloyds Banking Group PLC(1)

     10,294,617         9,644,584   

Mitsubishi UFJ Financial Group, Inc.(1)

     3,502,861         17,962,303   

Natixis SA(1)

     2,851,214         13,949,802   

Nordea Bank AB

     1,230,544         12,391,211   

Wells Fargo & Co.(1)

     608,025         30,541,096   
     

 

 

 
   $ 107,883,622   
     

 

 

 

Beverages — 4.4%

     

Anheuser-Busch InBev SA/NV(1)

     139,504       $ 17,544,935   

Constellation Brands, Inc., Class A(1)

     87,911         13,404,669   

Diageo PLC(1)

     841,469         22,653,612   
     

 

 

 
   $ 53,603,216   
     

 

 

 

Biotechnology — 2.7%

     

Celgene Corp.(1)(2)

     177,188       $ 17,775,500   

Gilead Sciences, Inc.(1)

     186,127         15,448,541   
     

 

 

 
   $ 33,224,041   
     

 

 

 

Capital Markets — 2.4%

     

Azimut Holding SpA

     272,476       $ 5,737,403   

Credit Suisse Group AG(1)

     640,689         11,350,041   

Credit Suisse Group AG(1)(3)

     663,848         11,760,311   
     

 

 

 
   $ 28,847,755   
     

 

 

 

Chemicals — 1.1%

  

Syngenta AG

     35,580       $ 13,101,091   
     

 

 

 
   $ 13,101,091   
     

 

 

 

Commercial Services & Supplies — 1.5%

     

Brambles, Ltd.(1)

     2,360,156       $ 18,853,812   
     

 

 

 
   $ 18,853,812   
     

 

 

 

Consumer Finance — 3.4%

     

Discover Financial Services(1)

     365,545       $ 16,738,306   

Synchrony Financial(1)(2)

     891,222         25,328,529   
     

 

 

 
   $ 42,066,835   
     

 

 

 

Diversified Financial Services — 0.5%

     

Banca Mediolanum SpA

     874,428       $ 5,835,172   
     

 

 

 
   $ 5,835,172   
     

 

 

 

 

1

 

 


                                                 
Security    Shares      Value  

Diversified Telecommunication Services — 1.8%

     

Nippon Telegraph & Telephone Corp.(1)

     521,345       $ 22,195,013   
     

 

 

 
   $ 22,195,013   
     

 

 

 

Electric Utilities — 1.7%

     

NextEra Energy, Inc.

     186,427       $ 20,825,760   
     

 

 

 
   $ 20,825,760   
     

 

 

 

Electrical Equipment — 1.2%

     

Nidec Corp.(1)

     209,000       $ 14,259,817   
     

 

 

 
   $ 14,259,817   
     

 

 

 

Electronic Equipment, Instruments & Components — 0.5%

     

Yaskawa Electric Corp.

     592,486       $ 6,574,921   
     

 

 

 
   $ 6,574,921   
     

 

 

 

Energy Equipment & Services — 1.2%

     

Schlumberger, Ltd.(1)

     204,628       $ 14,788,466   
     

 

 

 
   $ 14,788,466   
     

 

 

 

Food & Staples Retailing — 1.0%

     

METRO AG

     433,000       $ 12,269,138   
     

 

 

 
   $ 12,269,138   
     

 

 

 

Food Products — 2.1%

     

Kerry Group PLC, Class A

     119,785       $ 9,767,598   

Mondelez International, Inc., Class A(1)

     362,740         15,634,094   
     

 

 

 
   $ 25,401,692   
     

 

 

 

Health Care Equipment & Supplies — 1.4%

  

Medtronic PLC(1)

     223,087       $ 16,936,765   
     

 

 

 
   $ 16,936,765   
     

 

 

 

Health Care Providers & Services — 0.9%

     

McKesson Corp.

     67,745       $ 10,905,590   
     

 

 

 
   $ 10,905,590   
     

 

 

 

Hotels, Restaurants & Leisure — 2.3%

     

Accor SA(1)

     373,142       $ 14,171,285   

TUI AG(1)

     820,000         13,925,886   
     

 

 

 
   $ 28,097,171   
     

 

 

 

Household Durables — 1.0%

     

Newell Rubbermaid, Inc.

     313,665       $ 12,163,929   
     

 

 

 
   $ 12,163,929   
     

 

 

 

Household Products — 1.2%

     

Reckitt Benckiser Group PLC(1)

     161,757       $ 14,386,834   
     

 

 

 
   $ 14,386,834   
     

 

 

 

Industrial Conglomerates — 2.4%

     

General Electric Co.(1)

     993,422       $ 28,908,580   
     

 

 

 
   $ 28,908,580   
     

 

 

 

Insurance — 4.6%

     

Chubb, Ltd.(1)

     163,619       $ 18,500,400   

Prudential PLC(1)

     1,082,228         21,261,641   

St. James’s Place PLC(1)

     1,176,925         16,113,655   
     

 

 

 
   $ 55,875,696   
     

 

 

 

Internet Software & Services — 6.6%

     

Alibaba Group Holding, Ltd. ADR(2)

     134,268       $ 8,999,984   

Alphabet, Inc., Class C(1)(2)

     67,163         49,898,751   

Facebook, Inc., Class A(1)(2)

     189,253         21,236,079   
     

 

 

 
   $ 80,134,814   
     

 

 

 

 

2

 

 


                                                 
Security    Shares      Value  

IT Services — 2.8%

     

Visa, Inc., Class A(1)

     320,979       $ 23,909,726   

Worldpay Group PLC(2)(4)

     2,170,344         9,725,714   
     

 

 

 
   $ 33,635,440   
     

 

 

 

Machinery — 1.6%

     

FANUC Corp.

     42,534       $ 5,694,860   

Melrose Industries PLC

     442,839         1,887,999   

Wartsila Oyj Abp

     257,292         11,556,885   
     

 

 

 
   $ 19,139,744   
     

 

 

 

Media — 4.1%

  

Live Nation Entertainment, Inc.(1)(2)

     491,769       $ 11,163,156   

Vivendi SA(1)

     1,010,000         21,957,481   

Walt Disney Co. (The)(1)

     172,390         16,518,410   
     

 

 

 
   $ 49,639,047   
     

 

 

 

Multi-Utilities — 2.1%

     

National Grid PLC(1)

     809,322       $ 11,402,293   

Sempra Energy

     150,263         14,237,419   
     

 

 

 
   $ 25,639,712   
     

 

 

 

Multiline Retail — 1.2%

     

Dollar General Corp.(1)

     200,561       $ 15,054,109   
     

 

 

 
   $ 15,054,109   
     

 

 

 

Oil, Gas & Consumable Fuels — 5.7%

     

Devon Energy Corp.(1)

     307,320       $ 8,574,228   

Exxon Mobil Corp.(1)

     120,540         9,384,039   

Occidental Petroleum Corp.(1)

     272,980         18,789,213   

Range Resources Corp.

     216,547         6,401,129   

Royal Dutch Shell PLC, Class B(1)

     1,214,125         26,453,270   
     

 

 

 
   $ 69,601,879   
     

 

 

 

Personal Products — 1.6%

     

Estee Lauder Cos., Inc. (The), Class A(1)

     236,785       $ 20,185,921   
     

 

 

 
   $ 20,185,921   
     

 

 

 

Pharmaceuticals — 8.4%

     

Bayer AG(1)

     163,839       $ 18,439,460   

Novo Nordisk A/S, Class B

     248,770         13,898,383   

Perrigo Co. PLC(1)

     131,619         19,029,475   

Roche Holding AG PC(1)

     76,441         19,800,066   

Shire PLC

     226,926         12,728,738   

Teva Pharmaceutical Industries, Ltd. ADR(1)

     288,842         17,758,006   
     

 

 

 
   $ 101,654,128   
     

 

 

 

Professional Services — 2.6%

     

SGS SA

     6,979       $ 13,563,340   

Verisk Analytics, Inc.(1)(2)

     241,439         17,625,047   
     

 

 

 
   $ 31,188,387   
     

 

 

 

Real Estate Investment Trusts (REITs) — 1.3%

     

Equity Residential(1)

     206,644       $ 15,930,186   
     

 

 

 
   $ 15,930,186   
     

 

 

 

Road & Rail — 1.0%

     

Union Pacific Corp.

     172,572       $ 12,425,184   
     

 

 

 
   $ 12,425,184   
     

 

 

 

Semiconductors & Semiconductor Equipment — 2.1%

  

ASML Holding NV

     147,234       $ 13,513,453   

Infineon Technologies AG

     878,586         11,756,748   
     

 

 

 
   $ 25,270,201   
     

 

 

 

 

3

 

 


                                                 
Security    Shares      Value  

Specialty Retail — 4.5%

     

Buckle, Inc. (The)

     258,330       $ 7,341,739   

Dixons Carphone PLC(1)

     1,593,257         10,805,324   

Industria de Diseno Textil SA(1)

     476,935         15,695,559   

Lowe’s Cos., Inc.(1)

     300,770         21,553,178   
     

 

 

 
   $ 55,395,800   
     

 

 

 

Technology Hardware, Storage & Peripherals — 0.9%

     

Apple, Inc.(1)

     108,913       $ 10,601,591   
     

 

 

 
   $ 10,601,591   
     

 

 

 

Textiles, Apparel & Luxury Goods — 3.3%

     

LVMH Moet Hennessy Louis Vuitton SE(1)

     101,997       $ 16,405,856   

NIKE, Inc., Class B(1)

     205,255         12,727,863   

Pandora A/S(1)

     82,120         10,986,465   
     

 

 

 
   $ 40,120,184   
     

 

 

 

Tobacco — 2.7%

     

Imperial Tobacco Group PLC(1)

     245,636       $ 13,300,105   

Reynolds American, Inc.(1)

     381,944         19,078,103   
     

 

 

 
   $ 32,378,208   
     

 

 

 

Wireless Telecommunication Services — 1.3%

     

Vodafone Group PLC(1)

     4,908,374       $ 15,777,227   
     

 

 

 
   $ 15,777,227   
     

 

 

 

Total Common Stocks
(identified cost $1,341,789,741)

   

   $ 1,299,744,724   
     

 

 

 

Preferred Stocks — 16.6%

     
Security    Shares      Value  

Banks — 8.1%

  

AgriBank FCB, 6.875% to 1/1/24(5)

     50,890       $ 5,480,217   

Barclays Bank PLC, 8.25% to 12/15/18(5)

     9,971         10,576,597   

Citigroup, Inc., Series K, 6.875% to 11/15/23(5)

     226,210         6,227,901   

CoBank ACB, Series F, 6.25% to 10/1/22(4)(5)

     51,100         5,311,206   

Farm Credit Bank of Texas, 6.75% to 9/15/23(4)(5)

     7,600         812,725   

Farm Credit Bank of Texas, Series 1, 10.00%(4)

     2,490         3,117,169   

First Tennessee Bank, 3.75%(4)(6)

     2,570         1,709,853   

JPMorgan Chase & Co., Series O, 5.50%

     125,773         3,170,737   

JPMorgan Chase & Co., Series R, 6.00% to 8/1/23(5)

     2,509         2,511,823   

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24(5)

     2,794         2,816,341   

JPMorgan Chase & Co., Series Y, 6.125%

     173,075         4,479,181   

KeyCorp, Series A, 7.75% (Convertible)

     46,185         6,004,050   

Lloyds Banking Group PLC, 6.657% to 5/21/37(4)(5)

     916         1,036,971   

Regions Financial Corp., Series A, 6.375%

     251,601         6,561,754   

Royal Bank of Scotland Group PLC, Series L, 5.75%

     184,990         4,582,202   

Standard Chartered PLC, 7.014% to 7/30/37(4)(5)

     39.32         4,189,878   

SunTrust Banks, Inc., Series E, 5.875%

     287,627         7,412,867   

Texas Capital Bancshares, Inc., 6.50%

     286,789         7,011,991   

Texas Capital Bancshares, Inc., Series A, 6.50%

     21,450         520,591   

Webster Financial Corp., Series E, 6.40%

     173,970         4,506,258   

Wells Fargo & Co., Series L, 7.50% (Convertible)

     6,677         7,825,444   

Zions Bancorporation, Series I, 5.80% to 9/15/23(5)

     681         660,823   

Zions Bancorporation, Series J, 7.20% to 9/15/23(5)

     2,275         2,467,854   
     

 

 

 
   $ 98,994,433   
     

 

 

 

Capital Markets — 1.4%

     

Affiliated Managers Group, Inc., 6.375%

     50,430       $ 1,311,810   

Goldman Sachs Group, Inc. (The), Series I, 5.95%

     40,759         1,052,805   

Goldman Sachs Group, Inc. (The), Series J, 5.50% to 5/10/23(5)

     192,064         4,795,838   

Morgan Stanley, Series G, 6.625%

     277,858         7,443,816   

State Street Corp., Series D, 5.90% to 3/15/24(5)

     105,571         2,844,241   
     

 

 

 
   $ 17,448,510   
     

 

 

 

 

4

 

 


                                                 
Security    Shares      Value  

Consumer Finance — 1.0%

     

Capital One Financial Corp., Series B, 6.00%

     325,331       $ 8,432,580   

Discover Financial Services, Series B, 6.50%

     134,450         3,508,311   
     

 

 

 
   $ 11,940,891   
     

 

 

 

Diversified Financial Services — 0.5%

     

KKR Financial Holdings, LLC, Series A, 7.375%

     239,185       $ 6,300,731   
     

 

 

 
   $ 6,300,731   
     

 

 

 

Electric Utilities — 1.4%

     

AES Gener SA, 8.375% to 6/18/19(4)(5)

     6,131       $ 6,086,465   

Entergy Arkansas, Inc., 6.45%

     51,243         1,293,886   

NextEra Energy Capital Holdings, Inc., Series G, 5.70%

     47,541         1,227,627   

NextEra Energy Capital Holdings, Inc., Series I, 5.125%

     60,924         1,530,411   

Southern California Edison Co., Series E, 6.25% to 2/1/22(5)

     2,656         2,929,623   

Southern Co. (The), 6.25%

     169,479         4,489,499   
     

 

 

 
   $ 17,557,511   
     

 

 

 

Food Products — 1.4%

     

Dairy Farmers of America, 7.875%(4)

     86,230       $ 9,196,973   

Land O’Lakes, Inc., 8.00%(4)

     5,326         5,606,799   

Ocean Spray Cranberries, Inc., 6.25%(4)

     18,430         1,598,227   
     

 

 

 
   $ 16,401,999   
     

 

 

 

Insurance — 0.2%

     

Aspen Insurance Holdings, Ltd., 5.95% to 7/1/23(5)

     38,700       $ 1,001,169   

Endurance Specialty Holdings, Ltd., Series B, 7.50%

     49,418         1,269,054   
     

 

 

 
   $ 2,270,223   
     

 

 

 

Machinery — 0.6%

  

Stanley Black & Decker, Inc., 5.75%

     274,918       $ 7,090,548   
     

 

 

 
   $ 7,090,548   
     

 

 

 

Multi-Utilities — 0.1%

     

DTE Energy Co., Series C, 5.25%

     53,348       $ 1,339,035   
     

 

 

 
   $ 1,339,035   
     

 

 

 

Pipelines — 0.3%

     

NuStar Logistics LP, 7.625% to 1/15/18(5)

     155,960       $ 3,163,103   
     

 

 

 
   $ 3,163,103   
     

 

 

 

Real Estate Investment Trusts (REITs) — 0.9%

     

Cedar Realty Trust, Inc., Series B, 7.25%

     103,900       $ 2,597,500   

DDR Corp., Series J, 6.50%

     259,000         6,594,140   

Vornado Realty Trust, Series K, 5.70%

     53,253         1,355,289   
     

 

 

 
   $ 10,546,929   
     

 

 

 

Thrifts & Mortgage Finance — 0.7%

     

Elmira Savings Bank, 8.998% to 12/31/17(5)

     2,545       $ 2,366,850   

EverBank Financial Corp., Series A, 6.75%

     233,731         5,775,493   
     

 

 

 
   $ 8,142,343   
     

 

 

 

Total Preferred Stocks
(identified cost $193,274,121)

   

   $ 201,196,256   
     

 

 

 

Corporate Bonds & Notes — 9.0%

     
Security    Principal
Amount
(000’s omitted)
     Value  

Banks — 4.7%

     

Banco do Brasil SA, 9.00% to 6/18/24, 6/29/49(4)(5)

   $ 3,009       $ 1,820,445   

Bank of America Corp., Series AA, 6.10% to 3/17/25, 12/29/49(5)

     7,201         7,330,258   

BNP Paribas SA, 7.375% to 8/19/25, 12/29/49(4)(5)

     6,895         6,774,337   

Caixa Economica Federal, 7.25% to 7/23/19, 7/23/24(4)(5)

     3,348         2,531,925   

 

5

 

 


                                                 
Security    Principal
Amount
(000’s omitted)
     Value  

Credit Agricole SA, 7.875% to 1/23/24, 1/29/49(4)(5)

   $ 7,064       $ 6,895,156   

Credit Suisse Group AG, 6.25% to 12/18/24, 12/29/49(4)(5)

     8,911         8,721,267   

Deutsche Bank AG, 7.50% to 4/30/25, 12/29/49(5)

     3,240         2,945,160   

JPMorgan Chase & Co., Series Z, 5.30% to 5/1/20, 12/29/49(5)

     2,830         2,812,313   

Lloyds Banking Group PLC, 7.50% to 6/27/24, 4/30/49(5)

     5,240         5,436,500   

Royal Bank of Scotland Group PLC, 8.00% to 8/10/25, 12/29/49(5)

     4,620         4,752,825   

Societe Generale SA, 8.25% to 11/29/18, 9/29/49(5)(7)

     6,774         7,078,193   
     

 

 

 
   $ 57,098,379   
     

 

 

 

Diversified Financial Services — 0.4%

     

Leucadia National Corp., 6.625%, 10/23/43

   $ 3,952       $ 3,184,016   

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67(4)(5)

     2,083         1,484,137   
     

 

 

 
   $ 4,668,153   
     

 

 

 

 

                                                 

Diversified Telecommunication Services — 0.5%

  

Koninklijke KPN NV, 7.00% to 3/28/23, 3/28/73(4)(5)

   $ 6,462       $ 6,607,395   
     

 

 

 
   $ 6,607,395   
     

 

 

 

Electric Utilities — 1.3%

     

AES Panama SA, 6.00%, 6/25/22(4)

   $ 1,329       $ 1,329,000   

Enel SpA, 8.75% to 9/24/23, 9/24/73(4)(5)

     6,888         7,594,020   

PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17, 3/30/67(5)

     9,900         7,624,861   
     

 

 

 
   $ 16,547,881   
     

 

 

 

Energy Equipment & Services — 0.1%

     

Abengoa Finance S.A.U., 7.75%, 2/1/20(4)

   $ 4,019       $ 693,278   
     

 

 

 
   $ 693,278   
     

 

 

 

Insurance — 0.8%

     

Genworth Financial, Inc., 7.625%, 9/24/21

   $ 1,183       $ 816,270   

Genworth Financial, Inc., 7.70%, 6/15/20

     219         169,178   

QBE Capital Funding III, Ltd., 7.25% to 5/24/21, 5/24/41(4)(5)

     879         970,196   

XLIT, Ltd., Series, E, 6.50% to 4/15/17, 10/29/49(5)

     10,338         7,526,064   
     

 

 

 
   $ 9,481,708   
     

 

 

 

Metals & Mining — 0.5%

     

BHP Billiton Finance USA, Ltd., 6.75% to 10/19/25, 10/19/75(4)(5)

   $ 5,175       $ 4,877,437   

Freeport-McMoRan, Inc., 3.55%, 3/1/22

     1,902         822,615   
     

 

 

 
   $ 5,700,052   
     

 

 

 

Oil, Gas & Consumable Fuels — 0.1%

     

Odebrecht Oil & Gas Finance, Ltd., 7.00% to 6/17/24, 12/29/49(4)(5)

   $ 6,342       $ 1,204,980   
     

 

 

 
   $ 1,204,980   
     

 

 

 

Telecommunications — 0.6%

     

Colombia Telecomunicaciones SA ESP, 8.50% to 3/30/20, 12/29/49(4)(5)

   $ 9,141       $ 7,566,006   
     

 

 

 
   $ 7,566,006   
     

 

 

 

Total Corporate Bonds & Notes
(identified cost $125,723,308)

   

   $ 109,567,832   
     

 

 

 

Exchange-Traded Funds — 0.2%

     
Security    Shares      Value  

Equity Funds — 0.2%

     

iShares U.S. Preferred Stock ETF

     48,638       $ 1,871,104   
     

 

 

 

Total Exchange-Traded Funds
(identified cost $1,904,924)

   

   $ 1,871,104   
     

 

 

 

 

6

 

 


                                                 

Short-Term Investments — 2.3%

  

Description    Interest
(000’s omitted)
     Value  

Eaton Vance Cash Reserves Fund, LLC, 0.40%(8)

   $ 28,183       $ 28,182,899   
     

 

 

 

Total Short-Term Investments
(identified cost $28,182,899)

   

   $ 28,182,899   
     

 

 

 

Total Investments — 135.0%
(identified cost $1,690,874,993)

   

   $ 1,640,562,815   
     

 

 

 

Other Assets, Less Liabilities — (35.0)%

  

   $ (425,205,238
     

 

 

 

Net Assets — 100.0%

  

   $ 1,215,357,577   
     

 

 

 

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

 

(1) Security has been segregated as collateral with the custodian for borrowings under the Committed Facility Agreement.

 

(2) Non-income producing security.

 

(3) Security was acquired in a private offering and may be resold on a designated offshore securities market pursuant to Regulation S under the Securities Act of 1933.

 

(4) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At January 31, 2016, the aggregate value of these securities is $107,461,559 or 8.8% of the Fund’s net assets.

 

(5) Security converts to floating rate after the indicated fixed-rate coupon period.

 

(6) Variable rate security. The stated interest rate represents the rate in effect at January 31, 2016.

 

(7) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At January 31, 2016, the aggregate value of these securities is $7,078,193 or 0.6% of the Fund’s net assets.

 

(8) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2016. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended January 31, 2016 was $19,777.

Country Concentration of Portfolio

 

                                                 
Country    Percentage of
Total Investments
    Value  

United States

     54.8   $     899,103,354   

United Kingdom

     11.6        189,521,785   

France

     5.3        87,232,110   

Switzerland

     4.8        78,296,116   

Japan

     4.5        73,672,700   

Germany

     3.6        59,336,392   

Netherlands

     2.8        46,574,118   

Ireland

     1.8        30,022,400   

Denmark

     1.5        24,884,848   

Australia

     1.5        24,701,445   

Italy

     1.2        19,166,595   

Israel

     1.1        17,758,006   

Belgium

     1.1        17,544,935   

Spain

     1.0        16,388,837   

Sweden

     0.7        12,391,211   

Finland

     0.7        11,556,885   

China

     0.5        8,999,984   

 

7

 

 


                                                 
Country    Percentage of
Total Investments
    Value  

Colombia

     0.5   $ 7,566,006   

Chile

     0.4        6,086,465   

Brazil

     0.3        5,557,350   

Panama

     0.1        1,329,000   

Bermuda

     0.1        1,001,169   

Exchange-Traded Funds

     0.1        1,871,104   
  

 

 

   

 

 

 

Total Investments

     100.0   $     1,640,562,815   
  

 

 

   

 

 

 

Futures Contracts

 

                                                                                                                                                     

Description

   Contracts      Position    Expiration
Month/Year
     Aggregate Cost     Value     Net Unrealized
Appreciation
(Depreciation)
 
Equity Futures                

CAC 40 Index

     260       Short      Feb-16       $     (12,098,905   $     (12,451,778   $ (352,873

DAX 30 Index

     108       Short      Mar-16         (28,614,414     (28,673,426     (59,012

E-mini S&P 500 Index

     432       Long      Mar-16         40,829,089        41,690,160        861,071   
               

 

 

 
                $     449,186   
               

 

 

 

CAC 40 Index: Cotation Assistée en Continu Index comprised of the 40 largest companies listed on the Paris Bourse Exchange.

DAX 30 Index: Blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.

Abbreviations:

 

ADR

  -   American Depositary Receipt

PC

  -   Participation Certificate

At January 31, 2016, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.

The Fund is subject to equity price risk in the normal course of pursuing its investment objective. During the fiscal year to date ended January 31, 2016, the Fund entered into equity futures contracts on securities indices to gain or limit exposure to certain markets particularly in connection with engaging in the dividend capture trading strategy.

At January 31, 2016, the aggregate fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in an asset position and in a liability position and whose primary underlying risk exposure is equity price risk was $861,071 and $411,885, respectively.

The cost and unrealized appreciation (depreciation) of investments of the Fund at January 31, 2016, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

   $     1,704,098,376   
  

 

 

 

Gross unrealized appreciation

   $ 82,933,245   

Gross unrealized depreciation

     (146,468,806
  

 

 

 

Net unrealized depreciation

   $ (63,535,561
  

 

 

 

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

 

 

Level 1 — quoted prices in active markets for identical investments

 

 

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

 

 

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

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

 

8

 

 


At January 31, 2016, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

 

Asset Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Consumer Discretionary

   $ 96,522,384       $ 110,933,642       $       $ 207,456,026   

Consumer Staples

     68,302,787         89,922,222                 158,225,009   

Energy

     57,937,075         26,453,270                 84,390,345   

Financials

     136,268,315         120,170,951                 256,439,266   

Health Care

     97,853,877         64,866,647                 162,720,524   

Industrials

     98,953,247         77,804,537                 176,757,784   

Information Technology

     114,646,131         41,570,836                 156,216,967   

Materials

             13,101,091                 13,101,091   

Telecommunication Services

             37,972,240                 37,972,240   

Utilities

     35,063,179         11,402,293                 46,465,472   

Total Common Stocks

   $ 705,546,995       $ 594,197,729    $       $ 1,299,744,724   
Preferred Stocks            

Consumer Staples

   $       $ 16,401,999       $       $ 16,401,999   

Energy

             3,163,103                 3,163,103   

Financials

     80,473,634         75,170,426                 155,644,060   

Industrials

             7,090,548                 7,090,548   

Utilities

     7,358,945         11,537,601                 18,896,546   

Total Preferred Stocks

   $ 87,832,579       $ 113,363,677       $       $ 201,196,256   

Corporate Bonds & Notes

   $         109,567,832       $       $ 109,567,832   

Exchange-Traded Funds

     1,871,104                         1,871,104   

Short-Term Investments

             28,182,899                 28,182,899   

Total Investments

   $ 795,250,678       $ 845,312,137       $       $ 1,640,562,815   

Futures Contracts

   $ 861,071       $       $       $ 861,071   

Total

   $     796,111,749       $     845,312,137       $     —       $     1,641,423,886   
Liability Description                                

Futures Contracts

   $       $ (411,885    $       $ (411,885

Total

   $       $ (411,885    $       $ (411,885

 

* 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.

The Fund held no investments or other financial instruments as of October 31, 2015 whose fair value was determined using Level 3 inputs. At January 31, 2016, the value of investments transferred between Level 1 and Level 2 during the fiscal year to date then ended was not significant.

Derivatives. Financial futures contracts are valued at the closing settlement price established by the board of trade or exchange on which they are traded, with adjustments for fair valuation for certain foreign financial futures contracts as described below.

Foreign Securities, Financial Futures Contracts and Currencies. Foreign securities, financial futures contracts 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. The daily valuation of exchange-traded foreign securities and certain exchange-traded foreign financial futures contracts generally is determined as of the close of trading on the principal exchange on which such securities and contracts trade. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities and certain foreign financial futures contracts 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 and foreign financial futures contracts that meet certain criteria, the Fund’s Trustees have approved the use of a fair value service that values such securities and foreign financial futures contracts 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 and foreign financial futures contracts.

 

9

 

 


Financial Futures Contracts - Upon entering into a financial futures contract, the Fund is required to deposit with the broker, either in cash or securities, an amount equal to a certain percentage of the contract amount (initial margin). Subsequent payments, known as variation margin, are made or received by the Fund each business day, depending on the daily fluctuations in the value of the underlying security or index, and are recorded as unrealized gains or losses by the Fund. Gains (losses) are realized upon the expiration or closing of the financial futures contracts. Should market conditions change unexpectedly, the Fund may not achieve the anticipated benefits of the financial futures contracts and may realize a loss. Futures contracts have minimal counterparty risk as they are exchange traded and the clearinghouse for the exchange is substituted as the counterparty, guaranteeing counterparty performance.

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

 

10

 

 


Item 2. Controls and Procedures

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

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


Signatures

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

Eaton Vance Tax-Advantaged Global Dividend Income Fund

 

By:   /s/ Michael A. Allison
  Michael A. Allison
  President
Date:   March 28, 2016

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

 

By:   /s/ Michael A. Allison
  Michael A. Allison
  President
Date:   March 28, 2016
By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   March 28, 2016