Eaton Vance Tax-Managed Global Diversified Equity Income Fund
About: Eaton Vance Tax-Mgd Glbl Div Eq Inc is a diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary focus of the fund is capital appreciation. It invests in a diversified portfolio of domestic and foreign common stocks, emphasizing dividend-paying stocks. It writes call options on one or more U.S. and foreign indices for a portion of the value of its common stock portfolio to generate current cash flow from the options premium received. Its portfolio of investments consists of capital markets, banks, internet and direct marketing retail, biotechnology, media, oil, gas, consumable fuels, and other sectors.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
73% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 56
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
0.04% less ownership
Funds ownership: 22.07% [Q4 2024] → 22.03% (-0.04%) [Q1 2025]
1% less capital invested
Capital invested by funds: $552M [Q4 2024] → $549M (-$3.34M) [Q1 2025]
8% less funds holding
Funds holding: 273 [Q4 2024] → 252 (-21) [Q1 2025]
50% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 24
Research analyst outlook
We haven’t received any recent analyst ratings for EXG.
Financial journalist opinion
Positive
Seeking Alpha
3 weeks ago
EXG: 9% Yield, International Exposure
EXG offers a high yield (9.29%) with global diversification and a covered call strategy. The fund's discount to NAV is near its 5-year average, making the current valuation only moderately attractive for new buyers. We rate EXG a HOLD, preferring to wait for a deeper discount before adding, given the current market and fund-specific conditions.
Neutral
Investors Business Daily
2 months ago
Best ETFs Now That The Magnificent Seven Aren't Working Anymore
For most of 2023 and 2024, stock investors didn't need to worry much about strategy or picking the best ETFs. The post Best ETFs Now That The Magnificent Seven Aren't Working Anymore appeared first on Investor's Business Daily.
Positive
Seeking Alpha
3 months ago
EXG: Discounted Price Along With Delivering Monthly Distributions
The Eaton Vance Tax-Managed Global Diversified Equity Income Fund offers high monthly distributions and global diversification, trading at a wide discount appealing to long-term income investors. EXG employs a partial option writing strategy, targeting 50% of the portfolio, allowing for more upside participation if markets continue their bull run. EXG's attractive discount and elevated monthly distribution, combined with global investments, offer potential benefits amid high U.S. equity valuations.
Neutral
Business Wire
3 months ago
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their February distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amo.
Neutral
Business Wire
4 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 2/3/2025 Ex-Date – 2/13/2025 Record – 2/13/2025 Payable – 2/24/2025 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 1/31/25 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.14 5.92% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.31 5.97% Taxabl.
Positive
Seeking Alpha
4 months ago
EXG: Solid CEF Offering Global Exposure And Monthly Dividend
Eaton Vance Tax-Managed Global Diversified Equity Income Fund offers a high dividend yield of 9.2%, focusing on tax-efficient income and capital appreciation. EXG employs an option strategy to generate additional income, which limits upside potential but supports consistent distributions, making it ideal for income-focused investors. The fund's reliance on net realized gains for distributions poses risks during market downturns, leading to potential dividend cuts and faster NAV declines.
Positive
Seeking Alpha
4 months ago
EXG: This Global Equity Income Fund Increased Monthly Distributions, Now Yields 9%+
Eaton Vance Tax-Managed Global Diversified Equity Income Fund offers a 9.23% yield, trades at an -8.54% discount to NAV, and focuses on dividend-paying stocks and call options. EXG underperformed its MSCI World Index benchmark in Q3 2024 due to poor stock selection in IT, consumer staples, and communication services sectors. Despite historical underperformance, EXG's increased distributions and narrowing discount present an attractive entry point for conservative income investors seeking 7-8% average annual returns.
Neutral
Business Wire
5 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 1/2/2025 Ex-Date – 1/13/2025 Record – 1/13/2025 Payable – 1/22/2025 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 12/31/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.04 5.98% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.11 6.09% Taxable.
Neutral
Business Wire
5 months ago
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their December distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amo.
Neutral
Business Wire
6 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 12/2/2024 Ex-Date – 12/12/2024 Record – 12/12/2024 Payable – 12/19/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 11/29/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.65 5.63% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.79.
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