ETO - ETG Vs. ETO: The Eaton Vance Leveraged Equity CEF Twins

2024-03-08 01:42:12 ET

Summary

• Eaton Vance has multiple equity closed-end funds with similar names, but each fund generally has subtle differences in their portfolios and underlying investment strategies.
• The Eaton Vance Tax-Advantaged Global Dividend Income Fund and the Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund are two funds that are rather unique.
• ETG and ETO are unique in that they are not unique from each other; they have the same investment objective and benchmark, with virtually the same investment policy.

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

Eaton Vance has a number of equity closed-end funds that all have similar names. It can be quite difficult to tell what each fund is specifically looking at from their names alone . There are some clues, such as including "global" in the names or whether they are " tax-managed" or "tax-advantaged funds ."

That being said, most of the funds have some differences that set them apart despite what tends to show overlap in holdings. In particular, most of these funds will invest in some combination of the Magnificent 7 names, which includes Apple ( AAPL ), Microsoft ( MSFT ), Alphabet ( GOOG ),( GOOGL ), Amazon ( AMZN ), NVIDIA ( NVDA ), Meta Platforms ( META ) and Tesla ( TSLA ). Though TSLA these days is not so much in the club anymore due to weak stock performance....

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