Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG

$8.46

0%

Market Cap: $2.59B

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 objective of the fund is capital appreciation. It invests in a diversified portfolio of domestic and foreign common stocks with an emphasis on dividend-paying stocks and writes call options on one or more U.S. and foreign indices with respect to 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, and consumable fuels, and other sectors.

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Funds holding %

of 6,728 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

46% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 56

28% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 25

3% more funds holding

Funds holding: 237 [Q1] → 244 (+7) [Q2]

7.19% less ownership

Funds ownership: 29.76% [Q1] → 22.57% (-7.19%) [Q2]

23% less capital invested

Capital invested by funds: $754M [Q1] → $584M (-$170M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for EXG.

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Financial journalist opinion

EXG: Earn A 9.32% Yield And Keep Your Equity Exposure With This CEF

The Eaton Vance Tax-Managed Global Diversified Equity Income Fund offers a high 9.32% yield while maintaining global equity exposure. The fund employs an options strategy to generate income, which limits capital appreciation but appeals to income-focused investors. The fund's option is riskier than a covered call strategy and depends heavily on the ability of the stock portfolio to outperform the indices.

EXG: Earn A 9.32% Yield And Keep Your Equity Exposure With This CEF

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 – 9/3/2024 Ex-Date – 9/13/2024 Record – 9/13/2024 Payable – 9/20/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 8/30/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.90 5.50% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.78 5.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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 – 8/1/2024 Ex-Date – 8/12/2024 Record – 8/12/2024 Payable – 8/19/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 7/31/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.96 5.47% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.64 5.79% Ta.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

EXG: Global Call Writing Fund For Monthly Distributions

Eaton Vance Tax-Managed Global Diversified Equity Income Fund provides investors exposure to some global investments and is trading at an attractive discount. The EXG fund writes call options against indexes as well as capital gains to help provide a monthly distribution to investors. With the fund's strategy, it can often generate return of capital distributions for investors that help accomplish its "tax-managed" emphasis.

EXG: Global Call Writing Fund For Monthly Distributions

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 – 7/1/2024 Ex-Date – 7/11/2024 Record – 7/11/2024 Payable – 7/18/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 6/28/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 $0.0066 $10.88 5.51% Eaton Vance Municipal Income Trust EVN $0.0513 $0.0052 $10.35.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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 May 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.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

EXG: Moving This Equity CEF To Hold After The Run-Up (Rating Downgrade)

The Eaton Vance Tax-Managed Global Diversified Equity Income Fund is an equity closed end fund that provides exposure to global equities. In a previous article, EXG was given a 'Buy' rating based on attractive valuation metrics, and it has performed well since then. The CEF's discount to NAV is high due to the low VIX environment (low volatility reduces the value of options sold by the fund).

EXG: Moving This Equity CEF To Hold After The Run-Up (Rating Downgrade)

Eaton Vance Raises Distributions On All Equity CEFs

After speculating earlier this year that Eaton Vance would raise its distributions on its equity CEFs, that was finally confirmed last week on April 1. The distribution increases range from 4.6% for ETV to 32.2% for EOS which gets most of the funds back up to their previous distribution levels from 2022.

Eaton Vance Raises Distributions On All Equity CEFs

ETW And EXG: Globally Diversified Call Writing Funds

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) both present attractive valuations and provide some global diversification. Both funds utilize an index call writing strategy, though the percentage overwrite target is different and the underlying benchmarks are different as well. These funds deliver attractive monthly distributions to their investors as well, with recent increases being announced from the lineup of Eaton Vance equity funds.

ETW And EXG: Globally Diversified Call Writing Funds

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 March 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 amount.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

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