ETO - ETG: Distribution Bump With A Diversified Global Portfolio

2024-05-30 15:07:39 ET

Summary

• Eaton Vance Tax-Advantaged Global Dividend Income Fund has performed well this year due to strong equity performance overall.
• ETG provides investors with an attractive monthly distribution yield, which has been bumped higher since our last update.
• ETG continues to trade at an attractive discount, near the fund's historically widest levels outside of the GFC and briefly during the Covid plunge.

Written by Nick Ackerman, co-produced by Stanford Chemist.

We last gave Eaton Vance Tax-Advantaged Global Dividend Income Fund ( ETG ) a look earlier this year . At that time, we were comparing it against its very similar sister fund, Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund ( ETO ). Of the Eaton Vance equity closed-end fund suite of funds, these are the most similar funds with limited differences between them.

Since our last update, ETG has mostly performed in line with the broader S&P 500 Index on a total return basis. That also includes the April pullback that the market experienced but swiftly bounced off of pushing to new all-time highs....

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