Eaton Vance
Tax-Managed Global Dividend Income Fund
January 31, 2024
Portfolio of Investments (Unaudited)
Common Stocks — 99.2% |
Security | Shares | Value | |
Aerospace & Defense — 1.1% | |||
Safran SA | 36,910 | $ 6,891,424 | |
$ 6,891,424 | |||
Air Freight & Logistics — 0.8% | |||
GXO Logistics, Inc.(1) | 90,773 | $ 4,936,236 | |
$ 4,936,236 | |||
Automobiles — 0.3% | |||
Tesla, Inc.(1) | 8,434 | $ 1,579,604 | |
$ 1,579,604 | |||
Banks — 9.3% | |||
Banco Santander SA | 1,848,877 | $ 7,430,746 | |
Barclays PLC | 2,387,145 | 4,436,097 | |
Citigroup, Inc. | 88,942 | 4,995,872 | |
HDFC Bank Ltd. | 193,262 | 3,398,911 | |
HSBC Holdings PLC | 369,528 | 2,885,165 | |
ING Groep NV | 293,763 | 4,173,921 | |
KBC Group NV | 54,203 | 3,535,748 | |
Skandinaviska Enskilda Banken AB, Class A | 247,977 | 3,521,803 | |
Societe Generale SA | 160,322 | 4,121,080 | |
Swedbank AB, Class A | 205,719 | 4,192,137 | |
Toronto-Dominion Bank | 45,361 | 2,755,501 | |
Truist Financial Corp. | 103,942 | 3,852,090 | |
Wells Fargo & Co. | 134,293 | 6,738,823 | |
$ 56,037,894 | |||
Beverages — 0.4% | |||
Diageo PLC | 73,173 | $ 2,642,852 | |
$ 2,642,852 | |||
Biotechnology — 0.8% | |||
CSL Ltd. | 24,506 | $ 4,812,428 | |
$ 4,812,428 | |||
Broadline Retail — 2.4% | |||
Amazon.com, Inc.(1) | 94,906 | $ 14,729,411 | |
$ 14,729,411 | |||
Capital Markets — 0.8% | |||
Bank of New York Mellon Corp. | 29,820 | $ 1,653,817 |
Security | Shares | Value | |
Capital Markets (continued) | |||
Intercontinental Exchange, Inc. | 25,991 | $ 3,309,434 | |
$ 4,963,251 | |||
Chemicals — 0.2% | |||
Sika AG | 5,209 | $ 1,437,985 | |
$ 1,437,985 | |||
Commercial Services & Supplies — 0.6% | |||
Waste Management, Inc. | 18,104 | $ 3,360,646 | |
$ 3,360,646 | |||
Construction Materials — 0.2% | |||
CRH PLC | 16,187 | $ 1,161,579 | |
$ 1,161,579 | |||
Consumer Finance — 0.5% | |||
Capital One Financial Corp. | 20,435 | $ 2,765,264 | |
$ 2,765,264 | |||
Consumer Staples Distribution & Retail — 0.7% | |||
Dollar Tree, Inc.(1) | 31,641 | $ 4,132,947 | |
$ 4,132,947 | |||
Diversified Telecommunication Services — 1.0% | |||
Telia Co. AB | 1,757,917 | $ 4,533,970 | |
Zegona Communications PLC(1) | 754,249 | 1,745,440 | |
$ 6,279,410 | |||
Electric Utilities — 1.5% | |||
Enel SpA | 258,127 | $ 1,761,297 | |
Iberdrola SA | 352,120 | 4,239,862 | |
NextEra Energy, Inc. | 49,367 | 2,894,387 | |
$ 8,895,546 | |||
Electrical Equipment — 1.9% | |||
AMETEK, Inc. | 26,115 | $ 4,231,936 | |
Schneider Electric SE | 37,208 | 7,309,511 | |
$ 11,541,447 | |||
Electronic Equipment, Instruments & Components — 2.6% | |||
CDW Corp. | 33,575 | $ 7,612,124 | |
Halma PLC | 93,808 | 2,596,520 | |
Keyence Corp. | 12,306 | 5,505,678 | |
$ 15,714,322 |
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Eaton Vance
Tax-Managed Global Dividend Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Security | Shares | Value | |
Entertainment — 1.1% | |||
Walt Disney Co. | 68,634 | $ 6,592,296 | |
$ 6,592,296 | |||
Financial Services — 2.6% | |||
Berkshire Hathaway, Inc., Class B(1) | 20,400 | $ 7,828,296 | |
Fidelity National Information Services, Inc. | 45,706 | 2,845,656 | |
Visa, Inc., Class A | 17,756 | 4,852,004 | |
$ 15,525,956 | |||
Food Products — 1.4% | |||
Nestle SA | 74,829 | $ 8,526,804 | |
$ 8,526,804 | |||
Gas Utilities — 0.4% | |||
Snam SpA | 425,256 | $ 2,076,926 | |
$ 2,076,926 | |||
Ground Transportation — 0.7% | |||
Union Pacific Corp. | 17,876 | $ 4,360,493 | |
$ 4,360,493 | |||
Health Care Equipment & Supplies — 2.7% | |||
Alcon, Inc. | 35,611 | $ 2,680,618 | |
Boston Scientific Corp.(1) | 108,534 | 6,865,861 | |
Intuitive Surgical, Inc.(1) | 11,067 | 4,185,760 | |
Straumann Holding AG | 18,452 | 2,802,884 | |
$ 16,535,123 | |||
Health Care Providers & Services — 1.7% | |||
Elevance Health, Inc. | 15,380 | $ 7,589,107 | |
UnitedHealth Group, Inc. | 5,630 | 2,881,096 | |
$ 10,470,203 | |||
Health Care REITs — 0.4% | |||
Healthpeak Properties, Inc. | 127,287 | $ 2,354,810 | |
$ 2,354,810 | |||
Hotels, Restaurants & Leisure — 3.0% | |||
Amadeus IT Group SA | 65,009 | $ 4,555,855 | |
Compass Group PLC | 306,130 | 8,431,969 | |
InterContinental Hotels Group PLC | 52,967 | 5,018,785 | |
$ 18,006,609 | |||
Household Products — 1.3% | |||
Essity AB, Class B | 105,203 | $ 2,470,513 |
Security | Shares | Value | |
Household Products (continued) | |||
Reckitt Benckiser Group PLC | 76,732 | $ 5,547,792 | |
$ 8,018,305 | |||
Industrial Conglomerates — 2.1% | |||
Siemens AG | 69,193 | $ 12,387,197 | |
$ 12,387,197 | |||
Insurance — 3.6% | |||
AIA Group Ltd. | 674,693 | $ 5,291,223 | |
Allstate Corp. | 24,556 | 3,812,319 | |
Arch Capital Group Ltd.(1) | 8,222 | 677,739 | |
Assurant, Inc. | 22,677 | 3,808,602 | |
AXA SA | 104,528 | 3,508,515 | |
RenaissanceRe Holdings Ltd. | 21,012 | 4,808,176 | |
$ 21,906,574 | |||
Interactive Media & Services — 3.7% | |||
Alphabet, Inc., Class C(1) | 105,813 | $ 15,004,284 | |
Meta Platforms, Inc., Class A(1) | 18,723 | 7,304,591 | |
$ 22,308,875 | |||
IT Services — 0.8% | |||
Accenture PLC, Class A | 13,911 | $ 5,061,935 | |
$ 5,061,935 | |||
Life Sciences Tools & Services — 1.1% | |||
Danaher Corp. | 19,100 | $ 4,582,281 | |
Sartorius AG, PFC Shares | 4,799 | 1,750,687 | |
$ 6,332,968 | |||
Machinery — 2.4% | |||
Ingersoll Rand, Inc. | 90,452 | $ 7,223,497 | |
Kone OYJ, Class B | 48,666 | 2,409,030 | |
Sandvik AB | 20,700 | 435,029 | |
Volvo AB, Class B | 178,282 | 4,272,585 | |
$ 14,340,141 | |||
Metals & Mining — 2.1% | |||
Anglo American PLC | 74,128 | $ 1,767,040 | |
Nippon Steel Corp. | 117,581 | 2,829,546 | |
Rio Tinto Ltd. | 55,322 | 4,760,312 | |
thyssenkrupp AG | 512,720 | 3,164,346 | |
$ 12,521,244 |
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Eaton Vance
Tax-Managed Global Dividend Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Security | Shares | Value | |
Multi-Utilities — 0.2% | |||
CMS Energy Corp. | 23,752 | $ 1,357,664 | |
$ 1,357,664 | |||
Oil, Gas & Consumable Fuels — 4.6% | |||
Chevron Corp. | 37,727 | $ 5,562,092 | |
ConocoPhillips | 62,492 | 6,990,980 | |
EOG Resources, Inc. | 114,956 | 13,080,843 | |
Repsol SA | 146,859 | 2,168,855 | |
$ 27,802,770 | |||
Personal Care Products — 0.2% | |||
Kose Corp. | 20,309 | $ 1,328,669 | |
$ 1,328,669 | |||
Pharmaceuticals — 11.1% | |||
AstraZeneca PLC | 49,161 | $ 6,517,610 | |
Eli Lilly & Co. | 39,712 | 25,638,464 | |
Novo Nordisk AS, Class B | 178,046 | 20,351,439 | |
Sanofi SA | 52,747 | 5,282,377 | |
Takeda Pharmaceutical Co. Ltd. | 92,553 | 2,720,177 | |
Zoetis, Inc. | 35,831 | 6,729,420 | |
$ 67,239,487 | |||
Professional Services — 2.2% | |||
Recruit Holdings Co. Ltd. | 112,260 | $ 4,434,126 | |
RELX PLC | 142,745 | 5,891,665 | |
Verisk Analytics, Inc. | 13,098 | 3,163,560 | |
$ 13,489,351 | |||
Semiconductors & Semiconductor Equipment — 7.6% | |||
ASML Holding NV | 18,467 | $ 16,021,745 | |
Infineon Technologies AG | 194,777 | 7,100,970 | |
Micron Technology, Inc. | 78,647 | 6,743,980 | |
NVIDIA Corp. | 15,948 | 9,812,326 | |
Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 52,860 | 5,971,066 | |
$ 45,650,087 | |||
Software — 7.7% | |||
Adobe, Inc.(1) | 14,217 | $ 8,782,979 | |
Dassault Systemes SE | 71,140 | 3,687,774 | |
Intuit, Inc. | 13,094 | 8,266,635 | |
Microsoft Corp.(2) | 64,638 | 25,698,776 | |
$ 46,436,164 |
Security | Shares | Value | |
Specialized REITs — 0.2% | |||
American Tower Corp. | 4,449 | $ 870,447 | |
$ 870,447 | |||
Specialty Retail — 2.5% | |||
Buckle, Inc. | 64,058 | $ 2,382,317 | |
Lowe's Cos., Inc. | 17,778 | 3,783,869 | |
TJX Cos., Inc. | 90,804 | 8,618,208 | |
$ 14,784,394 | |||
Technology Hardware, Storage & Peripherals — 3.0% | |||
Apple, Inc. | 98,553 | $ 18,173,173 | |
$ 18,173,173 | |||
Textiles, Apparel & Luxury Goods — 0.9% | |||
LVMH Moet Hennessy Louis Vuitton SE | 6,332 | $ 5,268,595 | |
$ 5,268,595 | |||
Tobacco — 1.1% | |||
Imperial Brands PLC | 282,422 | $ 6,779,576 | |
$ 6,779,576 | |||
Trading Companies & Distributors — 1.7% | |||
Ashtead Group PLC | 58,659 | $ 3,835,823 | |
IMCD NV | 41,833 | 6,385,419 | |
$ 10,221,242 | |||
Total Common Stocks (identified cost $377,222,959) | $598,610,324 |
Short-Term Investments — 0.8% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.21%(3) | 4,857,134 | $ 4,857,134 | |
Total Short-Term Investments (identified cost $4,857,134) | $ 4,857,134 | ||
Total Investments — 100.0% (identified cost $382,080,093) | $603,467,458 | ||
Other Assets, Less Liabilities — (0.0)%(4) | $ (36,784) | ||
Net Assets — 100.0% | $603,430,674 |
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Eaton Vance
Tax-Managed Global Dividend Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | Security (or a portion thereof) has been pledged to cover margin requirements on open futures contracts. |
(3) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of January 31, 2024. |
(4) | Amount is less than (0.05)%. |
Country Concentration of Portfolio | ||
Country | Percentage of Total Investments | Value |
United States | 53.0% | $320,074,150 |
United Kingdom | 9.6 | 58,096,334 |
France | 6.0 | 36,069,276 |
Netherlands | 4.4 | 26,581,085 |
Germany | 4.0 | 24,403,200 |
Denmark | 3.4 | 20,351,439 |
Sweden | 3.2 | 19,426,037 |
Spain | 3.0 | 18,395,318 |
Japan | 2.8 | 16,818,196 |
Switzerland | 2.6 | 15,448,291 |
Australia | 1.6 | 9,572,740 |
Ireland | 1.0 | 6,223,514 |
Taiwan | 1.0 | 5,971,066 |
Hong Kong | 0.9 | 5,291,223 |
Bermuda | 0.8 | 4,808,176 |
Italy | 0.6 | 3,838,223 |
Belgium | 0.6 | 3,535,748 |
India | 0.6 | 3,398,911 |
Canada | 0.5 | 2,755,501 |
Finland | 0.4 | 2,409,030 |
Total Investments | 100.0% | $603,467,458 |
Futures Contracts | |||||
Description | Number of Contracts | Position | Expiration Date | Notional Amount | Value/Unrealized Appreciation (Depreciation) |
Equity Futures | |||||
E-Mini S&P 500 Index | 155 | Long | 3/15/24 | $ 37,746,375 | $ 404,896 |
STOXX Europe 600 Index | (1,452) | Short | 3/15/24 | (38,193,761) | (524,489) |
$(119,593) |
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Eaton Vance
Tax-Managed Global Dividend Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Abbreviations: | |
ADR | – American Depositary Receipt |
PFC Shares | – Preference Shares |
REITs | – Real Estate Investment Trusts |
At January 31, 2024, 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. The Fund enters 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.
Affiliated Investments
At January 31, 2024, the value of the Fund's investment in funds that may be deemed to be affiliated was $4,857,134, which represents 0.8% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended January 31, 2024 were as follows:
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund, Institutional Class(1) | $3,545,621 | $27,502,942 | $(26,191,429) | $ — | $ — | $4,857,134 | $22,758 | 4,857,134 |
(1) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
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 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.
At January 31, 2024, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at fair value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks: | ||||
Communication Services | $ 28,901,171 | $ 6,279,410 | $ — | $ 35,180,581 |
Consumer Discretionary | 31,093,409 | 23,275,204 | — | 54,368,613 |
Consumer Staples | 4,132,947 | 27,296,206 | — | 31,429,153 |
Energy | 25,633,915 | 2,168,855 | — | 27,802,770 |
Financials | 54,703,593 | 46,495,346 | — | 101,198,939 |
Health Care | 58,471,989 | 46,918,220 | — | 105,390,209 |
Industrials | 27,276,368 | 54,251,809 | — | 81,528,177 |
Information Technology | 96,122,994 | 34,912,687 | — | 131,035,681 |
Materials | 1,161,579 | 13,959,229 | — | 15,120,808 |
Real Estate | 3,225,257 | — | — | 3,225,257 |
5
Eaton Vance
Tax-Managed Global Dividend Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Asset Description (continued) | Level 1 | Level 2 | Level 3 | Total |
Utilities | $ 4,252,051 | $ 8,078,085 | $ — | $ 12,330,136 |
Total Common Stocks | $334,975,273 | $263,635,051* | $ — | $598,610,324 |
Short-Term Investments | $ 4,857,134 | $ — | $ — | $ 4,857,134 |
Total Investments | $339,832,407 | $263,635,051 | $ — | $603,467,458 |
Futures Contracts | $ 404,896 | $ — | $ — | $ 404,896 |
Total | $340,237,303 | $263,635,051 | $ — | $603,872,354 |
Liability Description | ||||
Futures Contracts | $ (524,489) | $ — | $ — | $ (524,489) |
Total | $ (524,489) | $ — | $ — | $ (524,489) |
* | 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. |
For 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.
6