Eaton Vance Tax-Managed Global Diversified Equity Income FundEXG
EXG
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 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 16
55% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 58
2% more funds holding
Funds holding: 245 [Q2] → 251 (+6) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
7.55% less ownership
Funds ownership: 30.16% [Q2] → 22.6% (-7.55%) [Q3]
23% less capital invested
Capital invested by funds: $780M [Q2] → $599M (-$181M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for EXG.
Financial journalist opinion
Based on 3 articles about EXG published over the past 30 days
Neutral
Business Wire
1 day 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
3 days 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
1 week 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
1 month 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
1 month 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
2 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.
Neutral
Business Wire
2 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 November 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.
Positive
Seeking Alpha
2 months ago
EXG And ETG: 2 Global Funds At Attractive Discounts
The U.S. equity market has outperformed international markets for an extended period of time, going back to around the Global Financial Crisis. Diversifying with global investments can be beneficial; relative valuations between the U.S. market and the international counterparts have been getting quite extended. Today, we look at two closed-end funds that have the added flexibility of investing with a global tilt but also having meaningful U.S. exposure.
Neutral
Business Wire
3 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 – 11/1/2024 Ex-Date – 11/11/2024 Record – 11/11/2024 Payable – 11/18/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 10/31/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.55 5.69% Eaton Vance Municipal Income Trust EVN $0.051.
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 October 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 amou.
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