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Managed by Eaton Vance Management, the Eaton Vance Tax-Advantaged Global Dividend Income Fund is a closed-end equity mutual fund. This fund allocates capital to publicly traded companies across international markets, specifically seeking to invest in businesses from a diverse range of sectors. A core focus of its strategy is acquiring dividend-paying value stocks, and it relies on fundamental analysis for portfolio selection. The fund's performance is benchmarked against the MSCI World Index. It was established on November 14, 2003, and is based in the United States.
Is ETG's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Eaton Vance Tax-Advantaged Global Dividend Income Fund trades at a near 11% discount to NAV despite strong portfolio performance. ETG's NAV returned 29.1% over 12 months, outpacing its category, while the market price lagged, widening the discount. The fund offers a 6.7% yield via a managed distribution, primarily sourced from capital gains and investment income, not just dividends.
Closed-end funds can provide unique opportunities thanks to their share prices trading wildly different from their actual underlying net asset value per share. This creates a discount/premium opportunity, where we look to target funds trading at historically wide discounts, not simply those at the deepest absolute discounts. Today, we are looking at 2 CEFs with a solid historical track record, and tax-friendly monthly distributions that are trading at attractively discounted prices.
Entrée Resources Ltd. (TSE: ETG - Get Free Report) (NYSE: EGI) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$2.63 and traded as low as C$2.63. Entrée Resources shares last traded at C$2.66, with a volume of 176,403 shares. Entrée Resources
Eaton Vance Tax-Advantaged Global Dividend Income Fund now trades at an 8.86% discount, surpassing our "Buy" threshold. ETG offers diversified global equity and preferred exposure, with a 6.56% monthly distribution yield and relatively steady payout history. Leverage remains modest at 15.74%, supporting strong historical returns versus benchmarks, though equity valuations appear stretched more broadly.
The Eaton Vance Tax-Advantaged Global Dividend Income Fund offers global equity exposure and a 6.79% yield, blending value and growth stocks. ETG's portfolio is growth-tilted, with significant technology exposure, relying on capital gains to support distributions rather than pure dividend income. Shares currently trade at an 8.63% discount to NAV, wider than the five-year average, presenting a potentially attractive entry point.