UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-21470

 

 

Eaton Vance Tax-Advantaged Global Dividend Income Fund

(Exact Name of Registrant as Specified in Charter)

 

 

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

 

 

Deidre E. Walsh

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

 

 

(617) 482-8260

(Registrant’s Telephone Number)

October 31

Date of Fiscal Year End

April 30, 2022

Date of Reporting Period

 

 

 


Item 1. Reports to Stockholders



Eaton Vance
Tax-Advantaged Global Dividend Income Fund (ETG)
Semiannual Report
April 30, 2022



Commodity Futures Trading Commission Registration. The Commodity Futures Trading Commission (“CFTC”) has adopted regulations that subject registered investment companies and advisers to regulation by the CFTC if a fund invests more than a prescribed level of its assets in certain CFTC-regulated instruments (including futures, certain options and swap agreements) or markets itself as providing investment exposure to such instruments. The investment adviser has claimed an exclusion from the definition of “commodity pool operator” under the Commodity Exchange Act with respect to its management of the Fund. Accordingly, neither the Fund nor the adviser with respect to the operation of the Fund is subject to CFTC regulation. Because of its management of other strategies, the Fund’s adviser is registered with the CFTC as a commodity pool operator. The adviser is also registered as a commodity trading advisor.
Managed Distribution Plan. Pursuant to an exemptive order issued by the Securities and Exchange Commission (Order), the Fund is authorized to distribute long-term capital gains to shareholders more frequently than once per year. Pursuant to the Order, the Fund’s Board of Trustees approved a Managed Distribution Plan (MDP) pursuant to which the Fund makes monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share.
The Fund currently distributes monthly cash distributions equal to $0.1300 per share in accordance with the MDP. You should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the MDP. The MDP will be subject to regular periodic review by the Fund’s Board of Trustees and the Board may amend or terminate the MDP at any time without prior notice to Fund shareholders. However, at this time there are no reasonably foreseeable circumstances that might cause the termination of the MDP.
The Fund may distribute more than its net investment income and net realized capital gains and, therefore, a distribution may include a return of capital. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” With each distribution, the Fund will issue a notice to shareholders and a press release containing information about the amount and sources of the distribution and other related information. The amounts and sources of distributions contained in the notice and press release are only estimates and are not provided for tax purposes. The amounts and sources of the Fund’s distributions for tax purposes will be reported to shareholders on Form 1099-DIV for each calendar year.
Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.


Semiannual Report April 30, 2022
Eaton Vance
Tax-Advantaged Global Dividend Income Fund


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Performance

Portfolio Manager(s) John H. Croft, CFA and Derek J.V. DiGregorio of Eaton Vance Management; Christopher M. Dyer, CFA of Eaton Vance Advisers International Ltd.
% Average Annual Total Returns1,2 Inception Date Six Months One Year Five Years Ten Years
Fund at NAV 01/30/2004 (14.55)% (7.19)% 9.36% 10.30%
Fund at Market Price (15.31) (3.34) 9.35 10.38

MSCI World Index (11.30)% (3.52)% 10.16% 10.05%
ICE BofA Fixed Rate Preferred Securities Index (11.70) (10.10) 2.39 4.53
Blended Index (11.36) (4.80) 8.68 9.03
% Premium/Discount to NAV3  
  (2.69)%
Distributions 4  
Total Distributions per share for the period $0.780
Distribution Rate at NAV 8.39%
Distribution Rate at Market Price 8.62
% Total Leverage5  
Borrowings 20.67%
See Endnotes and Additional Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated net of management fees and other expenses by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested in accordance with the Fund’s Dividend Reinvestment Plan. Furthermore, returns do not reflect the deduction of taxes that shareholders may have to pay on Fund distributions or upon the sale of Fund shares. Performance at market price will differ from performance at NAV due to variations in the Fund’s market price versus NAV, which may reflect factors such as fluctuations in supply and demand for Fund shares, changes in Fund distributions, shifting market expectations for the Fund’s future returns and distribution rates, and other considerations affecting the trading prices of closed-end funds. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance for periods less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recent month-end, please refer to eatonvance.com.
2


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Fund Profile

Sector Allocation (% of total investments)*
* Excludes cash and cash equivalents.
Country Allocation (% of total investments)
Top 10 Holdings (% of total investments)*
Microsoft Corp. 3.6%
Alphabet, Inc., Class C 3.3
Apple, Inc. 2.3
Amazon.com, Inc. 2.2
Coca-Cola Co. (The) 2.0
Nestle S.A. 1.8
Walt Disney Co. (The) 1.6
EOG Resources, Inc. 1.5
Roche Holding AG PC 1.5
Boston Scientific Corp. 1.4
Total 21.2%
    
* Excludes cash and cash equivalents.
 
3


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Endnotes and Additional Disclosures

1 MSCI World Index is an unmanaged index of equity securities in the developed markets. MSCI indexes are net of foreign withholding taxes. Source: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties, has not prepared or approved this report, and has no liability hereunder. ICE BofA Fixed Rate Preferred Securities Index is an unmanaged index of fixed-rate, preferred securities issued in the U.S. ICE® BofA® indices are not for redistribution or other uses; provided “as is”, without warranties, and with no liability. Eaton Vance has prepared this report and ICE Data Indices, LLC does not endorse it, or guarantee, review, or endorse Eaton Vance’s products. BofA® is a licensed registered trademark of Bank of America Corporation in the United States and other countries. The Blended Index consists of 80% MSCI World Index and 20% ICE BofA Fixed Rate Preferred Securities Index, rebalanced monthly. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index.
2 Performance results reflect the effects of leverage.
3 The shares of the Fund often trade at a discount or premium to their net asset value. The discount or premium may vary over time and may be higher or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to https://funds.eatonvance.com/closed-end-fund-prices.php.
4 The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period. The Fund’s distributions may be comprised of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. As of 4/30/2022, distributions included estimates of return of capital. For additional information about nondividend distributions, please refer to Eaton Vance Closed-End Fund Distribution Notices (19a) posted on our website, eatonvance.com. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-Tax Character of Distributions on the Fund’s webpage available at eatonvance. com. The Fund’s distributions are determined by the investment adviser based on its current assessment of the Fund’s long-term return potential. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.
5 Total leverage is shown as a percentage of the Fund’s aggregate net assets plus borrowings outstanding. The Fund employs leverage through borrowings. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of borrowings rises and falls with changes in short-term interest rates. The Fund may be required to maintain prescribed asset coverage for its leverage and may be required to reduce its leverage at an inopportune time.
 Fund profile subject to change due to active management.
4


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Portfolio of Investments (Unaudited)

Common Stocks — 106.9%
Security Shares Value
Aerospace & Defense — 1.1%
Safran S.A.      147,460 $    15,836,979
      $   15,836,979
Air Freight & Logistics — 0.7%
GXO Logistics, Inc.(1)(2)      159,332 $     9,430,861
      $    9,430,861
Automobiles — 2.4%
Bayerische Motoren Werke AG       87,291 $     7,128,686
Mercedes-Benz Group AG      178,912    12,488,266
Stellantis NV    1,072,958    14,405,156
      $   34,022,108
Banks — 8.9%
Banco Santander S.A.    2,351,304 $     6,871,329
Bank of New York Mellon Corp. (The)      209,498     8,811,486
Citigroup, Inc.      262,055    12,633,672
Credit Agricole S.A.      949,141    10,248,883
DNB Bank ASA      437,291     8,473,523
HDFC Bank, Ltd.      447,940     8,015,512
ING Groep NV      752,948     7,133,587
M&T Bank Corp.       86,767    14,458,853
Skandinaviska Enskilda Banken AB, Class A      507,799     5,694,506
Svenska Handelsbanken AB, Class A    1,429,415    14,417,533
Swedbank AB, Class A      219,489     3,472,149
Toronto-Dominion Bank (The)      197,346    14,254,260
Wells Fargo & Co.(2)      282,071    12,306,758
      $  126,792,051
Beverages — 4.2%
Coca-Cola Co. (The)(2)      555,551 $    35,894,150
Diageo PLC      479,760    23,934,677
      $   59,828,827
Biotechnology — 0.9%
CSL, Ltd.       70,611 $    13,476,117
      $   13,476,117
Building Products — 1.5%
Assa Abloy AB, Class B      474,100 $    11,981,517
Security Shares Value
Building Products (continued)
Kingspan Group PLC      101,826 $     9,478,682
      $   21,460,199
Capital Markets — 0.6%
State Street Corp.(2)      118,407 $     7,929,717
      $    7,929,717
Chemicals — 1.5%
BASF SE      195,021 $    10,270,386
Covestro AG(3)      258,103    11,112,761
      $   21,383,147
Construction & Engineering — 1.0%
Bouygues S.A.      278,104 $     9,562,118
Skanska AB, Class B      221,595     4,232,950
      $   13,795,068
Diversified Financial Services — 0.6%
London Stock Exchange Group PLC       89,142 $     8,788,666
      $    8,788,666
Diversified Telecommunication Services — 1.3%
Elisa Oyj       89,496 $     5,246,379
Swisscom AG        8,462     5,003,587
Telefonica Deutschland Holding AG    2,533,805     7,620,492
      $   17,870,458
Electric Utilities — 2.2%
Iberdrola S.A.    1,599,417 $    18,378,586
NextEra Energy, Inc.      172,803    12,272,469
      $   30,651,055
Electrical Equipment — 2.1%
AMETEK, Inc.      128,582 $    16,234,764
Schneider Electric SE       98,131    14,078,768
      $   30,313,532
Electronic Equipment, Instruments & Components — 3.6%
CDW Corp.      110,958 $    18,106,126
Halma PLC      420,850    12,918,213
Keyence Corp.       16,023     6,441,312
TE Connectivity, Ltd.      107,941    13,468,878
      $   50,934,529
 
5
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Portfolio of Investments (Unaudited) — continued

Security Shares Value
Entertainment — 2.1%
Walt Disney Co. (The)(1)(2)      262,400 $    29,291,712
      $   29,291,712
Equity Real Estate Investment Trusts (REITs) — 0.5%
Healthpeak Properties, Inc.      231,193 $     7,585,442
      $    7,585,442
Food Products — 4.0%
Mondelez International, Inc., Class A      373,480 $    24,081,990
Nestle S.A.      250,860    32,384,540
      $   56,466,530
Health Care Equipment & Supplies — 3.8%
Alcon, Inc.      113,602 $     8,111,274
Boston Scientific Corp.(1)(2)      590,124    24,850,122
Intuitive Surgical, Inc.(1)       57,225    13,693,942
Straumann Holding AG       65,230     7,690,067
      $   54,345,405
Health Care Providers & Services — 1.3%
Anthem, Inc.       37,219 $    18,681,333
      $   18,681,333
Hotels, Restaurants & Leisure — 2.3%
Compass Group PLC    1,088,732 $    22,974,245
InterContinental Hotels Group PLC      141,726     9,047,749
      $   32,021,994
Industrial Conglomerates — 1.4%
Siemens AG      160,762 $    19,766,487
      $   19,766,487
Insurance — 4.2%
AIA Group, Ltd.    1,500,540 $    14,740,941
Allianz SE       42,412     9,569,593
AXA S.A.      417,307    11,039,865
SCOR SE      278,742     7,881,100
Swiss Re AG      121,928     9,998,928
Zurich Insurance Group AG       14,784     6,730,704
      $   59,961,131
Interactive Media & Services — 4.1%
Alphabet, Inc., Class C(1)(2)(4)       25,181 $    57,899,429
      $   57,899,429
Security Shares Value
Internet & Direct Marketing Retail — 2.8%
Amazon.com, Inc.(1)(2)       15,825 $    39,335,095
      $   39,335,095
IT Services — 4.4%
Amadeus IT Group S.A.(1)      196,359 $    12,304,428
Fidelity National Information Services, Inc.(2)      186,360    18,477,594
Global Payments, Inc.       70,846     9,704,485
Visa, Inc., Class A      105,485    22,482,018
      $   62,968,525
Leisure Products — 0.6%
Yamaha Corp.      208,432 $     7,963,556
      $    7,963,556
Life Sciences Tools & Services — 0.8%
Danaher Corp.       39,631 $     9,952,533
Lonza Group AG        3,442     2,029,520
      $   11,982,053
Machinery — 2.6%
Graco, Inc.      157,781 $     9,785,578
Ingersoll Rand, Inc.      300,130    13,193,715
SMC Corp.       16,719     8,095,676
Volvo AB, Class B      366,518     5,847,219
      $   36,922,188
Metals & Mining — 1.6%
Anglo American PLC      305,881 $    13,547,767
Rio Tinto, Ltd.      116,454     9,211,963
      $   22,759,730
Multi-Utilities — 0.5%
CMS Energy Corp.      109,933 $     7,551,298
      $    7,551,298
Oil, Gas & Consumable Fuels — 4.9%
Chevron Corp.(2)       28,772 $     4,507,709
ConocoPhillips      251,437    24,017,262
EOG Resources, Inc.(2)      233,619    27,277,355
Pioneer Natural Resources Co.(2)       56,368    13,103,869
      $   68,906,195
 
6
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Portfolio of Investments (Unaudited) — continued

Security Shares Value
Personal Products — 0.4%
Kose Corp.       51,238 $     5,260,144
      $    5,260,144
Pharmaceuticals — 9.3%
AstraZeneca PLC      179,165 $    23,908,006
Eli Lilly & Co.       70,218    20,512,784
Novo Nordisk A/S, Class B      197,361    22,543,803
Roche Holding AG PC       70,931    26,302,188
Sanofi      214,252    22,645,340
Zoetis, Inc.       91,074    16,142,867
      $  132,054,988
Professional Services — 3.0%
Recruit Holdings Co., Ltd.      270,178 $     9,802,488
RELX PLC      697,580    20,781,244
Verisk Analytics, Inc.       58,927    12,024,054
      $   42,607,786
Semiconductors & Semiconductor Equipment — 4.1%
ASML Holding NV       34,273 $    19,451,246
Infineon Technologies AG      346,185     9,825,843
Micron Technology, Inc.      245,722    16,755,783
Taiwan Semiconductor Manufacturing Co., Ltd. ADR      138,834    12,901,844
      $   58,934,716
Software — 6.4%
Adobe, Inc.(1)       21,843 $     8,648,736
Dassault Systemes SE      171,135     7,568,334
Intuit, Inc.       24,090    10,087,688
Microsoft Corp.(2)      233,381    64,767,895
      $   91,072,653
Specialty Retail — 2.0%
Lowe's Cos., Inc.       59,945 $    11,852,925
TJX Cos., Inc. (The)      270,875    16,599,220
      $   28,452,145
Technology Hardware, Storage & Peripherals — 2.9%
Apple, Inc.(2)      259,933 $    40,978,437
      $   40,978,437
Textiles, Apparel & Luxury Goods — 2.1%
adidas AG       89,115 $    17,970,857
Security Shares Value
Textiles, Apparel & Luxury Goods (continued)
LVMH Moet Hennessy Louis Vuitton SE       19,188 $    12,417,226
      $   30,388,083
Trading Companies & Distributors — 0.5%
Ashtead Group PLC      140,327 $     7,255,920
      $    7,255,920
Wireless Telecommunication Services — 1.7%
Tele2 AB, Class B      891,459 $    11,815,649
Vodafone Group PLC    8,191,232    12,401,189
      $   24,216,838
Total Common Stocks
(identified cost $1,354,843,853)
    $1,518,143,127
Corporate Bonds — 11.9%
Security Principal
Amount
(000's omitted)*
Value
Banks — 6.4%
Banco Bilbao Vizcaya Argentaria S.A., 6.125% to 11/16/27(5)(6)        3,800 $    3,538,750
Banco Davivienda S.A., 6.65% to 4/22/31(3)(5)(6)        1,000       888,980
Banco Mercantil del Norte S.A./Grand Cayman:      
7.50% to 6/27/29(3)(5)(6)        2,470     2,372,250
7.625% to 1/10/28(3)(5)(6)        1,160     1,150,529
8.375% to 10/14/30(3)(5)(6)        1,105     1,142,321
Bank of America Corp., Series RR, 4.375% to 1/27/27(5)(6)        2,885     2,560,438
Barclays PLC, 6.125% to 12/15/25(5)(6)        2,500     2,454,675
BNP Paribas S.A., 4.625% to 2/25/31(3)(5)(6)        4,110     3,472,744
Citigroup, Inc., Series M, 6.30% to 5/15/24(5)(6)        6,675     6,624,937
Comerica, Inc., 5.625% to 7/1/25(5)(6)        2,338     2,385,100
Credit Suisse Group AG:      
4.50% to 9/3/30(3)(5)(6)        2,963     2,381,511
7.50% to 7/17/23(3)(5)(6)        5,917     5,874,398
Deutsche Bank AG, 7.125% to 4/30/26(5)(6)(7) GBP      3,700     4,546,795
Farm Credit Bank of Texas, Series 3, 6.20% to 6/15/28(3)(5)(6)        3,200     3,392,000
HSBC Holdings PLC, 4.60% to 12/17/30(5)(6)        3,637     3,091,450
Huntington Bancshares, Inc., Series F, 5.625% to 7/15/30(5)(6)        2,926     2,931,764
ING Groep NV, 6.50% to 4/16/25(5)(6)        3,100     3,099,380
JPMorgan Chase & Co., Series KK, 3.65% to 6/1/26(5)(6)        9,303     8,372,700
Lloyds Banking Group PLC, 7.50% to 6/27/24(5)(6)        6,125      6,258,954
 
7
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)*
Value
Banks (continued)
Natwest Group PLC:      
4.60% to 6/28/31(5)(6)          752 $       631,850
6.00% to 12/29/25(5)(6)        1,642     1,622,378
8.00% to 8/10/25(5)(6)        5,035     5,308,602
Societe Generale S.A.:      
4.75% to 5/26/26(3)(5)(6)        3,417     3,042,444
5.375% to 11/18/30(3)(5)(6)        3,548     3,124,014
Standard Chartered PLC, 4.75% to 1/14/31(3)(5)(6)        2,349     2,015,736
SVB Financial Group., Series C, 4.00% to 5/15/26(5)(6)        1,461     1,272,458
Unicaja Banco S.A., 4.875% to 11/18/26(5)(6)(7) EUR      1,400     1,286,111
UniCredit SpA, 7.296% to 4/2/29, 4/2/34(3)(6)        3,765     3,807,615
Wells Fargo & Co., Series BB, 3.90% to 3/15/26(5)(6)        1,425     1,301,132
Zions Bancorp NA, 5.80% to 6/15/23(5)(6)        1,501     1,478,879
      $   91,430,895
Capital Markets — 0.8%
AerCap Holdings NV, 5.875% to 10/10/24, 10/10/79(6)        3,510 $     3,295,749
Charles Schwab Corp. (The), Series I, 4.00% to 6/1/26(5)(6)        3,551     3,224,308
UBS Group AG:      
4.375% to 2/10/31(3)(5)(6)        2,750     2,302,300
6.875% to 8/7/25(5)(6)(7)        2,364     2,401,257
      $   11,223,614
Diversified Financial Services — 0.4%
Alpha Holding S.A. de CV:      
9.00%, 2/10/25(3)(8)        3,235 $       202,188
10.00%, 12/19/22(3)(8)          470        29,967
American AgCredit Corp., Series QIB, 5.25% to 6/15/26(3)(5)(6)        3,764     3,439,355
Goldman Sachs Group, Inc. (The), Series V, 4.125% to 11/10/26(5)(6)        1,046       939,382
Unifin Financiera SAB de CV, 7.375%, 2/12/26(3)        1,325       817,035
      $    5,427,927
Electric Utilities — 1.1%
Dominion Energy, Inc., Series C, 4.35% to 1/15/27(5)(6)        1,941 $     1,782,420
Edison International, Series B, 5.00% to 12/15/26(5)(6)          757       687,071
Emera, Inc., Series 16-A, 6.75% to 6/15/26, 6/15/76(6)        3,025     3,077,938
Sempra Energy, 4.125% to 1/1/27, 4/1/52(6)        4,252     3,744,600
Southern California Edison Co., Series E, 5.485%, (3 mo. USD LIBOR + 4.199%), 6/6/22(9)        1,705     1,687,950
Southern Co. (The):      
Series 21-A, 3.75% to 6/15/26, 9/15/51(6)        2,980      2,689,450
Security Principal
Amount
(000's omitted)*
Value
Electric Utilities (continued)
Southern Co. (The):(continued)      
Series B, 4.456% to 6/15/22, 3/15/57(6)        2,469 $     2,426,445
      $   16,095,874
Food Products — 0.4%
Land O' Lakes, Inc., 8.00%(3)(5)        5,982 $     6,303,682
      $    6,303,682
Gas Utilities — 0.3%
NiSource, Inc., 5.65% to 6/15/23(5)(6)        4,965 $     4,816,050
      $    4,816,050
Independent Power and Renewable Electricity Producers — 0.2%
Algonquin Power & Utilities Corp., 4.75% to 1/18/27, 1/18/82(6)        2,886 $     2,643,403
      $    2,643,403
Insurance — 0.5%
Liberty Mutual Group, Inc., 4.125% to 9/15/26, 12/15/51(3)(6)        1,499 $     1,362,658
Prudential Financial, Inc., 5.125% to 11/28/31, 3/1/52(6)        1,490     1,451,342
QBE Insurance Group, Ltd., 5.875% to 5/12/25(3)(5)(6)        3,702     3,729,765
      $    6,543,765
Multi-Utilities — 0.4%
Centerpoint Energy, Inc., Series A, 6.125% to 9/1/23(5)(6)        6,450 $     6,210,350
      $    6,210,350
Oil, Gas & Consumable Fuels — 1.2%
DCP Midstream, L.P., Series A, 7.375% to 12/15/22(5)(6)        6,375 $     6,072,188
EnLink Midstream Partners, L.P., Series C, 6.00% to 12/15/22(5)(6)        4,900     3,635,310
Odebrecht Oil & Gas Finance, Ltd., 0.00%(3)(5)        6,981        29,668
Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22(5)(6)        8,080     6,807,400
      $   16,544,566
 
8
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)*
Value
Pipelines — 0.2%
Energy Transfer, L.P., Series B, 6.625% to 2/15/28(5)(6)        2,514 $     2,184,037
      $    2,184,037
Total Corporate Bonds
(identified cost $190,992,956)
    $  169,424,163
    
Exchange-Traded Funds — 0.9%
Security Shares Value
Equity Funds — 0.9%
Global X U.S. Preferred ETF      284,290 $     6,177,622
iShares Preferred & Income Securities ETF      180,332     6,122,271
Total Exchange-Traded Funds
(identified cost $13,555,344)
    $   12,299,893
    
Preferred Stocks — 4.9%
Security Shares Value
Banks — 1.3%
AgriBank FCB, 6.875% to 1/1/24(6)       50,890 $     5,356,173
CoBank ACB, Series F, 6.25% to 10/1/22(6)       37,717     3,809,417
Farm Credit Bank of Texas, 6.75% to 9/15/23(3)(6)        7,600       788,500
First Republic Bank, Series M, 4.00%      115,200     2,016,000
JPMorgan Chase & Co., Series LL, 4.625%       88,050     1,706,409
Wells Fargo & Co., Series L, 7.50% (Convertible)        3,647     4,418,304
      $   18,094,803
Capital Markets — 0.2%
Affiliated Managers Group, Inc., 4.75%       54,225 $     1,068,232
Stifel Financial Corp., Series D, 4.50%      115,200     2,173,824
      $    3,242,056
Electric Utilities — 0.7%
Brookfield BRP Holdings Canada, Inc., 4.625%      178,000 $     3,129,240
SCE Trust III, Series H, 5.75% to 3/15/24(6)       76,426     1,791,425
SCE Trust IV, Series J, 5.375% to 9/15/25(6)       37,216       811,309
SCE Trust V, Series K, 5.45% to 3/15/26(6)       68,884     1,644,261
Southern Co. (The), 4.95%      125,000     2,640,000
      $   10,016,235
Security Shares Value
Equity Real Estate Investment Trusts (REITs) — 0.2%
SITE Centers Corp., Series A, 6.375%       88,127 $     2,172,331
      $    2,172,331
Food Products — 0.1%
Ocean Spray Cranberries, Inc., Series A, 6.25%(3)       18,430 $     1,621,840
      $    1,621,840
Insurance — 0.6%
American Equity Investment Life Holding Co., Series B, 6.625% to 9/1/25(6)      131,832 $     3,413,130
Athene Holding, Ltd., Series C, 6.375% to 6/30/25(6)       85,631     2,258,946
RenaissanceRe Holdings, Ltd., Series G, 4.20%      150,000     2,817,000
      $    8,489,076
Oil, Gas & Consumable Fuels — 0.5%
NuStar Energy, L.P., Series B, 7.625% to 6/15/22(6)      359,474 $     7,714,312
      $    7,714,312
Pipelines — 0.4%
Energy Transfer, L.P.:      
Series C, 7.375% to 5/15/23(6)      116,000 $     2,757,320
Series E, 7.60% to 5/15/24(6)      100,950     2,442,990
      $    5,200,310
Real Estate Management & Development — 0.5%
Brookfield Property Partners, L.P.:      
Series A, 5.75%      117,848 $     2,327,498
Series A-1, 6.50%      102,075     2,239,526
Series A2, 6.375%      134,005     2,826,165
      $    7,393,189
Telecommunications — 0.4%
United States Cellular Corp., 5.50%      285,000 $     5,722,800
      $    5,722,800
Total Preferred Stocks
(identified cost $79,354,717)
    $   69,666,952
    
 
9
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Portfolio of Investments (Unaudited) — continued

Short-Term Investments — 0.8%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 0.30%(10)   11,537,268 $    11,537,268
Total Short-Term Investments
(identified cost $11,537,268)
    $   11,537,268
Total Investments — 125.4%(11)
(identified cost $1,650,284,138)
    $1,781,071,403
Other Assets, Less Liabilities — (25.4)%     $  (361,312,294)
Net Assets — 100.0%     $1,419,759,109
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
* In U.S. dollars unless otherwise indicated.
(1) Non-income producing security.
(2) All or a portion of this security was on loan at April 30, 2022 pursuant to the Liquidity Agreement (see Note 7). The aggregate market value of securities on loan at April 30, 2022 was $243,781,558.
(3) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At April 30, 2022, the aggregate value of these securities is $64,404,261 or 4.5% of the Fund's net assets.
(4) Security (or a portion thereof) has been pledged to cover margin requirements on open futures contracts.
(5) Perpetual security with no stated maturity date but may be subject to calls by the issuer.
(6) Security converts to variable rate after the indicated fixed-rate coupon period.
(7) Security exempt from registration under Regulation S of the Securities Act of 1933, as amended, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended. At April 30, 2022, the aggregate value of these securities is $8,234,163 or 0.6% of the Fund's net assets.
(8) Issuer is in default with respect to interest and/or principal payments.
(9) Variable rate security. The stated interest rate represents the rate in effect at April 30, 2022.
(10) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of April 30, 2022.
(11) The Fund has granted a security interest in all the Fund's investments, unless otherwise pledged, in connection with the Liquidity Agreement (see Note 7).
Country Concentration of Portfolio
Country Percentage of
Total Investments
Value
United States 50.9% $906,963,112
United Kingdom 9.9 176,941,321
Switzerland 7.0 124,679,152
France 6.8 120,917,815
Germany 6.2 110,300,166
Sweden 3.2 57,461,523
Netherlands 2.5 44,089,369
Spain 2.4 42,379,204
Japan 2.1 37,563,176
Australia 1.5 26,417,845
Canada 1.3 23,104,841
Denmark 1.3 22,543,803
Hong Kong 0.8 14,740,941
Taiwan 0.7 12,901,844
Ireland 0.7 12,774,431
Norway 0.5 8,473,523
India 0.5 8,015,512
Mexico 0.3 5,714,290
Finland 0.3 5,246,379
Italy 0.2 3,807,615
Bermuda 0.2 2,817,000
Colombia 0.0 (1) 888,980
Brazil 0.0 (1) 29,668
Exchange-Traded Funds 0.7 12,299,893
Total Investments 100.0% $1,781,071,403
(1) Amount is less than 0.05%.
 
10
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts (OTC)
Currency Purchased Currency Sold Counterparty Settlement
Date
Unrealized
Appreciation
Unrealized
(Depreciation)
USD   337,094 EUR   300,000 Bank of America, N.A. 5/31/22 $  20,237 $  —
USD   337,008 EUR   300,000 Bank of America, N.A. 5/31/22  20,151  —
USD   336,906 EUR   300,000 Bank of America, N.A. 5/31/22  20,049  —
USD   280,749 EUR   250,000 State Street Bank and Trust Company 5/31/22  16,701  —
USD   269,287 EUR   239,603 State Street Bank and Trust Company 5/31/22  16,220  —
USD 5,398,970 GBP 4,037,334 State Street Bank and Trust Company 5/31/22 322,320  —
            $415,678 $ —
Futures Contracts
Description Number of
Contracts
Position Expiration
Date
Notional
Amount
Value/Unrealized
Appreciation
(Depreciation)
Equity Futures          
E-Mini S&P 500 Index 382 Long 6/17/22 $ 78,835,250 $ (1,156,494)
STOXX Europe 600 Index (1,996) Short 6/17/22 (46,935,623) (2,016,610)
STOXX Europe 600 Insurance Index (2,010) Short 6/17/22 (32,707,941)    521,356
          $ (2,651,748)
Abbreviations:
ADR – American Depositary Receipt
LIBOR – London Interbank Offered Rate
OTC – Over-the-counter
PC – Participation Certificate
Currency Abbreviations:
EUR – Euro
GBP – British Pound Sterling
USD – United States Dollar
11
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Statement of Assets and Liabilities (Unaudited)

  April 30, 2022
Assets  
Unaffiliated investments, at value (identified cost $1,638,746,870) — including $243,781,558 of securities on loan $ 1,769,534,135
Affiliated investment, at value (identified cost $11,537,268) 11,537,268
Cash 513,880
Deposits for derivatives collateral — forward foreign currency exchange contracts 290,000
Foreign currency, at value (identified cost $1,012,617) 1,015,998
Dividends and interest receivable 6,424,666
Dividends receivable from affiliated investment 703
Receivable for investments sold 5,719,522
Receivable for open forward foreign currency exchange contracts 415,678
Tax reclaims receivable 10,296,857
Total assets $1,805,748,707
Liabilities  
Liquidity Agreement borrowings $ 370,000,000
Cash collateral due to broker 290,000
Payable for investments purchased 10,066,395
Payable for variation margin on open futures contracts 3,487,789
Payable to affiliates:  
Investment adviser fee 1,320,052
Trustees' fees 8,865
Accrued foreign capital gains taxes 169,313
Accrued expenses 647,184
Total liabilities $ 385,989,598
Net Assets $1,419,759,109
Sources of Net Assets  
Common shares, $0.01 par value, unlimited number of shares authorized $ 763,221
Additional paid-in capital 1,302,763,419
Distributable earnings 116,232,469
Net Assets $1,419,759,109
Common Shares Issued and Outstanding 76,322,095
Net Asset Value Per Common Share  
Net assets ÷ common shares issued and outstanding $ 18.60
12
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Statement of Operations (Unaudited)

  Six Months Ended
  April 30, 2022
Investment Income  
Dividend income (net of foreign taxes withheld of $2,772,485) $ 26,847,361
Dividend income from affiliated investment 3,582
Interest income 4,785,762
Other income 1,512,851
Total investment income $ 33,149,556
Expenses  
Investment adviser fee $ 8,418,477
Trustees’ fees and expenses 52,930
Custodian fee 221,967
Transfer and dividend disbursing agent fees 9,124
Legal and accounting services 49,625
Printing and postage 190,466
Interest expense and fees 1,366,405
Miscellaneous 77,384
Total expenses $ 10,386,378
Deduct:  
Waiver and/or reimbursement of expenses by affiliate $ 239
Total expense reductions $ 239
Net expenses $ 10,386,139
Net investment income $ 22,763,417
Realized and Unrealized Gain (Loss)  
Net realized gain (loss):  
Investment transactions $ 35,849,589
Investment transactions - affiliated investment 1,973,434
Proceeds from securities litigation settlements 58,733
Futures contracts (3,918,418)
Foreign currency transactions (55,413)
Forward foreign currency exchange contracts 188,298
Net realized gain $ 34,096,223
Change in unrealized appreciation (depreciation):  
Investments (including net increase in accrued foreign capital gains taxes of $169,313) $ (298,958,804)
Investments - affiliated investment (1,094,853)
Futures contracts (2,651,748)
Foreign currency (792,819)
Forward foreign currency exchange contracts 382,422
Net change in unrealized appreciation (depreciation) $(303,115,802)
Net realized and unrealized loss $(269,019,579)
Net decrease in net assets from operations $(246,256,162)
13
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Statements of Changes in Net Assets

  Six Months Ended
April 30, 2022
(Unaudited)
Year Ended
October 31, 2021
Increase (Decrease) in Net Assets    
From operations:    
Net investment income $ 22,763,417 $ 63,008,767
Net realized gain 34,096,223 186,849,157
Net change in unrealized appreciation (depreciation) (303,115,802) 342,205,288
Net increase (decrease) in net assets from operations $ (246,256,162) $ 592,063,212
Distributions to shareholders $ (59,517,012) $ (100,144,031)
Capital share transactions:    
Reinvestment of distributions $ 457,313 $ —
Net increase in net assets from capital share transactions $ 457,313 $ —
Net increase (decrease) in net assets $ (305,315,861) $ 491,919,181
Net Assets    
At beginning of period $ 1,725,074,970 $ 1,233,155,789
At end of period $1,419,759,109 $1,725,074,970
14
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Statement of Cash Flows (Unaudited)

  Six Months Ended
  April 30, 2022
Cash Flows From Operating Activities  
Net decrease in net assets from operations $ (246,256,162)
Adjustments to reconcile net decrease in net assets from operations to net cash provided by operating activities:  
Investments purchased (548,167,095)
Investments sold 604,062,216
Increase in short-term investments, net (11,540,211)
Net amortization/accretion of premium (discount) 366,630
Increase in dividends and interest receivable (2,491,175)
Decrease in dividends receivable from affiliated investments 191,288
Increase in receivable for open forward foreign currency exchange contracts (382,422)
Increase in tax reclaims receivable (161,374)
Increase in cash collateral due to brokers 290,000
Increase in payable for variation margin on open futures contracts 3,487,789
Decrease in payable to affiliate for investment adviser fee (149,481)
Increase in payable to affiliate for Trustees' fees 783
Decrease in accrued expenses (147,573)
Net change in unrealized (appreciation) depreciation from investments 300,053,657
Net realized gain from investments (37,823,023)
Net cash provided by operating activities $ 61,333,847
Cash Flows From Financing Activities  
Cash distributions paid $ (59,059,699)
Decrease in due to custodian (450,985)
Decrease in due to custodian - foreign currency (3,285)
Net cash used in financing activities $ (59,513,969)
Net increase in cash and restricted cash* $ 1,819,878
Cash and restricted cash at beginning of period (including foreign currency) $ —
Cash and restricted cash at end of period (including foreign currency) $ 1,819,878
Supplemental disclosure of cash flow information:  
Noncash financing activities not included herein consist of:  
Reinvestment of dividends and distributions $ 457,313
Cash paid for interest and fees on borrowings 1,266,352
* Includes net change in unrealized appreciation (depreciation) on foreign currency of $3,381.
The following table provides a reconciliation of cash and restricted cash reported within the Statement of Assets and Liabilities that sum to the total of such amounts shown on the Statement of Cash Flows.
   
  April 30, 2022
Cash $ 513,880
Deposits for derivatives collateral — forward foreign currency exchange contracts 290,000
Foreign currency 1,015,998
Total cash and restricted cash as shown on the Statement of Cash Flows $1,819,878
15
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Financial Highlights

  Six Months Ended
April 30, 2022
(Unaudited)
Year Ended October 31,
    2021 2020 2019 2018 2017
Net asset value — Beginning of period $ 22.610 $ 16.160 $ 17.490 $ 16.730 $ 18.230 $ 15.800
Income (Loss) From Operations            
Net investment income(1) $ 0.298 $ 0.826 $ 1.042 $ 1.218 $ 0.546 $ 1.259
Net realized and unrealized gain (loss) (3.528) 6.937 (1.142) 0.772 (0.816) 2.401
Total income (loss) from operations $ (3.230) $ 7.763 $ (0.100) $ 1.990 $ (0.270) $ 3.660
Less Distributions            
From net investment income $ (0.780)* $ (0.894) $ (1.230) $ (1.166) $ (0.560) $ (1.230)
From net realized gain (0.419) (0.064) (0.670)
Total distributions $ (0.780) $ (1.313) $ (1.230) $ (1.230) $ (1.230) $ (1.230)
Net asset value — End of period $ 18.600 $ 22.610 $ 16.160 $ 17.490 $ 16.730 $ 18.230
Market value — End of period $ 18.100 $ 22.200 $ 14.290 $ 16.770 $ 15.540 $ 17.190
Total Investment Return on Net Asset Value(2) (14.55)% (3) 49.37% 0.16% 13.06% (1.38)% 24.42%
Total Investment Return on Market Value(2) (15.31)% (3) 65.85% (7.63)% 16.70% (2.91)% 29.34%
Ratios/Supplemental Data            
Net assets, end of period (000’s omitted) $1,419,759 $1,725,075 $1,233,156 $1,334,205 $1,276,190 $1,390,617
Ratios (as a percentage of average daily net assets):            
Expenses excluding interest and fees 1.11% (4)(5) 1.12% 1.21% 1.22% 1.18% 1.21%
Interest and fee expense 0.17% (4) 0.15% 0.50% 1.01% 0.76% 0.57%
Total expenses 1.28% (4)(5) 1.27% 1.71% 2.23% 1.94% 1.78%
Net investment income 2.81% (4) 3.93% 6.26% 7.25% 2.98% 7.35%
Portfolio Turnover 28% (3) 111% 224% 175% 110% 197%
Senior Securities:            
Total amount outstanding (in 000’s) $ 370,000 $ 370,000 $ 370,000 $ 425,000 $ 425,000 $ 425,000
Asset coverage per $1,000(6) $ 4,837 $ 5,662 $ 4,333 $ 4,139 $ 4,003 $ 4,272
(1) Computed using average shares outstanding.
(2) Returns are historical and are calculated by determining the percentage change in net asset value or market value with all distributions reinvested. Distributions are assumed to be reinvested at prices obtained under the Fund’s dividend reinvestment plan.
(3) Not annualized.
(4) Annualized.
(5) The investment adviser reduced a portion of its adviser fee (equal to less than 0.005% of average daily net assets for the six months ended April 30, 2022).
(6) Calculated by subtracting the Fund’s total liabilities (not including the borrowings payable/notes payable) from the Fund’s total assets, and dividing the result by the borrowings payable/notes payable balance in thousands.
* A portion of the distributions may be deemed from net realized gain or a tax return of capital at year-end.
16
See Notes to Financial Statements.


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Notes to Financial Statements (Unaudited)

1  Significant Accounting Policies
Eaton Vance Tax-Advantaged Global Dividend Income Fund (the Fund) is a Massachusetts business trust registered under the Investment Company Act of 1940, as amended (the 1940 Act), as a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of after-tax total return consisting primarily of tax-advantaged dividend income and capital appreciation. The Fund pursues its objective by investing primarily in dividend-paying common and preferred stocks.
The following is a summary of significant accounting policies of the Fund. The policies are in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Fund is an investment company and follows accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946.
A  Investment ValuationThe following methodologies are used to determine the market value or fair value of investments.
Equity Securities. Equity securities listed on a U.S. securities exchange generally are valued at the last sale or closing price on the day of valuation or, if no sales took place on such date, at the mean between the closing bid and ask prices on the exchange where such securities are principally traded. Equity securities listed on the NASDAQ National Market System are valued at the NASDAQ official closing price. Unlisted or listed securities for which closing sales prices or closing quotations are not available are valued at the mean between the latest available bid and ask prices or, in the case of preferred equity securities that are not listed or traded in the over-the-counter market, by a third party pricing service that uses various techniques that consider factors including, but not limited to, prices or yields of securities with similar characteristics, benchmark yields, broker/dealer quotes, quotes of underlying common stock, issuer spreads, as well as industry and economic events.
Debt Obligations. Debt obligations are generally valued on the basis of valuations provided by third party pricing services, as derived from such services’ pricing models. Inputs to the models may include, but are not limited to, reported trades, executable bid and ask prices, broker/dealer quotations, prices or yields of securities with similar characteristics, interest rates, anticipated prepayments, benchmark curves or information pertaining to the issuer, as well as industry and economic events. The pricing services may use a matrix approach, which considers information regarding securities with similar characteristics to determine the valuation for a security. Short-term debt obligations purchased with a remaining maturity of sixty days or less for which a valuation from a third party pricing service is not readily available may be valued at amortized cost, which approximates fair value.
Derivatives. Futures contracts are valued at the closing settlement price established by the board of trade or exchange on which they are traded, with adjustments for fair valuation for certain foreign futures contracts as described below. Forward foreign currency exchange contracts are generally valued at the mean of the average bid and average ask prices that are reported by currency dealers to a third party pricing service at the valuation time. Such third party pricing service valuations are supplied for specific settlement periods and the Fund’s forward foreign currency exchange contracts are valued at an interpolated rate between the closest preceding and subsequent settlement period reported by the third party pricing service.
Foreign Securities, Futures Contracts and Currencies. Foreign securities, futures contracts and currencies are valued in U.S. dollars, based on foreign currency exchange rate quotations supplied by a third party pricing service. The pricing service uses a proprietary model to determine the exchange rate. Inputs to the model include reported trades and implied bid/ask spreads. The daily valuation of exchange-traded foreign securities and certain exchange-traded foreign futures contracts generally is determined as of the close of trading on the principal exchange on which such securities and contracts trade. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities and certain foreign futures contracts to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities and foreign futures contracts that meet certain criteria, the Fund’s Trustees have approved the use of a fair value service that values such securities and foreign futures contracts to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securities and foreign futures contracts.
Other. Investments in management investment companies (including money market funds) that do not trade on an exchange are valued at the net asset value as of the close of each business day.
Fair Valuation. Investments for which valuations or market quotations are not readily available or are deemed unreliable are valued at fair value using methods determined in good faith by or at the direction of the Trustees of the Fund in a manner that most fairly reflects the security’s "fair value", which is the amount that the Fund might reasonably expect to receive for the security upon its current sale in the ordinary course. Each such determination is based on a consideration of relevant factors, which are likely to vary from one pricing context to another. These factors may include, but are not limited to, the type of security, the existence of any contractual restrictions on the security’s disposition, the price and extent of public trading in similar securities of the issuer or of comparable companies or entities, quotations or relevant information obtained from broker/dealers or other market participants, information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), an analysis of the company’s or entity’s financial statements, and an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold.
B  Investment TransactionsInvestment transactions for financial statement purposes are accounted for on a trade date basis. Realized gains and losses on investments sold are determined on the basis of identified cost.
C  IncomeDividend income is recorded on the ex-dividend date for dividends received in cash and/or securities. However, if the ex-dividend date has passed, certain dividends from foreign securities are recorded as the Fund is informed of the ex-dividend date. Withholding taxes on foreign dividends, interest and capital gains have been provided for in accordance with the Fund’s understanding of the applicable countries’ tax rules and rates. In
17


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Notes to Financial Statements (Unaudited) — continued

consideration of recent decisions rendered by European courts, the Fund has filed additional tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. During the six months ended April 30, 2022, the Fund received approximately $1,513,000 for previously withheld foreign taxes and interest thereon. Such amount is included in other income on the Statement of Operations. No other amounts for additional tax reclaims are reflected in the financial statements due to the uncertainty as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment. Interest income is recorded on the basis of interest accrued, adjusted for amortization of premium or accretion of discount. Distributions from investment companies are recorded as dividend income, capital gains or return of capital based on the nature of the distribution.
D  Federal and Other TaxesThe Fund’s policy is to comply with the provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute to shareholders each year substantially all of its net investment income, and all or substantially all of its net realized capital gains. Accordingly, no provision for federal income or excise tax is necessary.
In addition to the requirements of the Internal Revenue Code, the Fund may also be subject to local taxes on the recognition of capital gains in certain countries. In determining the daily net asset value, the Fund estimates the accrual for such taxes, if any, based on the unrealized appreciation on certain portfolio securities and the related tax rates. Taxes attributable to unrealized appreciation are included in the change in unrealized appreciation (depreciation) on investments. Capital gains taxes on securities sold are included in net realized gain (loss) on investments.
As of April 30, 2022, the Fund had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure. The Fund files a U.S. federal income tax return annually after its fiscal year-end, which is subject to examination by the Internal Revenue Service for a period of three years from the date of filing.
E  Foreign Currency TranslationInvestment valuations, other assets, and liabilities initially expressed in foreign currencies are translated each business day into U.S. dollars based upon current exchange rates. Purchases and sales of foreign investment securities and income and expenses denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates in effect on the respective dates of such transactions. Recognized gains or losses on investment transactions attributable to changes in foreign currency exchange rates are recorded for financial statement purposes as net realized gains and losses on investments. That portion of unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed.
F  Use of EstimatesThe preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. Actual results could differ from those estimates.
G  IndemnificationsUnder the Fund’s organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the Fund. Under Massachusetts law, if certain conditions prevail, shareholders of a Massachusetts business trust (such as the Fund) could be deemed to have personal liability for the obligations of the Fund. However, the Fund’s Declaration of Trust contains an express disclaimer of liability on the part of Fund shareholders and the By-laws provide that the Fund shall assume, upon request by the shareholder, the defense on behalf of any Fund shareholders. Moreover, the By-laws also provide for indemnification out of Fund property of any shareholder held personally liable solely by reason of being or having been a shareholder for all loss or expense arising from such liability. Additionally, in the normal course of business, the Fund enters into agreements with service providers that may contain indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred.
H  Futures ContractsUpon entering into a futures contract, the Fund is required to deposit with the broker, either in cash or securities, an amount equal to a certain percentage of the contract amount (initial margin). Subsequent payments, known as variation margin, are made or received by the Fund each business day, depending on the daily fluctuations in the value of the underlying security or index, and are recorded as unrealized gains or losses by the Fund. Gains (losses) are realized upon the expiration or closing of the futures contracts. Should market conditions change unexpectedly, the Fund may not achieve the anticipated benefits of the futures contracts and may realize a loss. Futures contracts have minimal counterparty risk as they are exchange traded and the clearinghouse for the exchange is substituted as the counterparty, guaranteeing counterparty performance.
I  Forward Foreign Currency Exchange ContractsThe Fund may enter into forward foreign currency exchange contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date. The forward foreign currency exchange contracts are adjusted by the daily exchange rate of the underlying currency and any gains or losses are recorded as unrealized until such time as the contracts have been closed. Risks may arise upon entering these contracts from the potential inability of counterparties to meet the terms of their contracts and from movements in the value of a foreign currency relative to the U.S. dollar.
J  Interim Financial StatementsThe interim financial statements relating to April 30, 2022 and for the six months then ended have not been audited by an independent registered public accounting firm, but in the opinion of the Fund’s management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.
18


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Notes to Financial Statements (Unaudited) — continued

2  Distributions to Shareholders and Income Tax Information
Subject to its Managed Distribution Plan, the Fund intends to make monthly distributions from its net investment income, net capital gain (which is the excess of net long-term capital gain over net short-term capital loss) and other sources. The Fund intends to distribute all or substantially all of its net realized capital gains. Distributions are recorded on the ex-dividend date. Distributions to shareholders are determined in accordance with income tax regulations, which may differ from U.S. GAAP. As required by U.S. GAAP, only distributions in excess of tax basis earnings and profits are reported in the financial statements as a return of capital. Permanent differences between book and tax accounting relating to distributions are reclassified to paid-in capital. For tax purposes, distributions from short-term capital gains are considered to be from ordinary income. Distributions in any year may include a return of capital component.
The cost and unrealized appreciation (depreciation) of investments, including open derivative contracts, of the Fund at April 30, 2022, as determined on a federal income tax basis, were as follows:
Aggregate cost $1,668,086,202
Gross unrealized appreciation $ 216,478,147
Gross unrealized depreciation (105,729,016)
Net unrealized appreciation $ 110,749,131
3  Investment Adviser Fee and Other Transactions with Affiliates
The investment adviser fee is earned by Eaton Vance Management (EVM), an indirect, wholly-owned subsidiary of Morgan Stanley, as compensation for investment advisory services rendered to the Fund. The fee is computed at an annual rate as a percentage of average daily gross assets as follows and is payable monthly:
Average Daily Gross Assets Annual Fee Rate
Up to and including $1.5 billion 0.850%
Over $1.5 billion up to and including $3 billion 0.830%
Over $3 billion up to and including $5 billion 0.810%
Over $5 billion 0.790%
Gross assets, as defined in the Fund's investment advisory agreement, means total assets of the Fund, including any form of investment leverage, minus all accrued expenses incurred in the normal course of operations, but not excluding any liabilities or obligations attributable to investment leverage obtained through (i) indebtedness of any type (including, without limitation, borrowing through a credit facility or the issuance of debt securities), (ii) the issuance of preferred stock or other similar preference securities, (iii) the reinvestment of collateral received for securities loaned in accordance with the Fund’s investment objectives and policies, and/or (iv) any other means. Accrued expenses includes other liabilities other than indebtedness attributable to leverage. For the six months ended April 30, 2022, the Fund’s investment adviser fee amounted to $8,418,477 or 0.84% (annualized) of the Fund’s average daily gross assets. Effective April 26, 2022, the Fund may invest in a money market fund, the Institutional Class of the Morgan Stanley Institutional Liquidity Funds — Government Portfolio (the "Liquidity Fund"), an open-end management investment company managed by Morgan Stanley Investment Management Inc., a wholly-owned subsidiary of Morgan Stanley. The investment adviser fee paid by the Fund is reduced by an amount equal to its pro-rata share of the advisory and administration fees paid by the Fund due to its investment in the Liquidity Fund. For the six months ended April 30, 2022, the investment adviser fee paid was reduced by $239 relating to the Fund's investment in the Liquidity Fund. Prior to April 26, 2022, the Fund may have invested its cash in Eaton Vance Cash Reserves Fund (Cash Reserves Fund), an affiliated investment company managed by EVM. EVM did not receive a fee for advisory services provided to Cash Reserves Fund.
Pursuant to an investment sub-advisory agreement, EVM has delegated the investment management of the Fund to Eaton Vance Advisers International Ltd. (EVAIL), an affiliate of EVM and an indirect, wholly-owned subsidiary of Morgan Stanley. EVM pays EVAIL a portion of its investment adviser fee for sub-advisory services provided to the Fund. EVM also serves as administrator of the Fund, but receives no compensation.
Trustees and officers of the Fund who are members of EVM’s organization receive remuneration for their services to the Fund out of the investment adviser fee. Trustees of the Fund who are not affiliated with EVM may elect to defer receipt of all or a percentage of their annual fees in accordance with the terms of the Trustees Deferred Compensation Plan. For the six months ended April 30, 2022, no significant amounts have been deferred. Certain officers and Trustees of the Fund are officers of EVM.
19


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Notes to Financial Statements (Unaudited) — continued

4  Purchases and Sales of Investments
Purchases and sales of investments, other than short-term obligations, aggregated $558,233,490 and $602,553,185, respectively, for the six months ended April 30, 2022.
5  Common Shares of Beneficial Interest
The Fund may issue common shares pursuant to its dividend reinvestment plan. Common shares issued by the Fund pursuant to its dividend reinvestment plan for the six months ended April 30, 2022 were 21,881. There were no common shares issued by the Fund for the year ended October 31, 2021.
In November 2013, the Board of Trustees initially approved a share repurchase program for the Fund. Pursuant to the reauthorization of the share repurchase program by the Board of Trustees in March 2019, the Fund is authorized to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year at market prices when shares are trading at a discount to net asset value. The share repurchase program does not obligate the Fund to purchase a specific amount of shares. There were no repurchases of common shares by the Fund for the six months ended April 30, 2022 and the year ended October 31, 2021.
6  Financial Instruments
The Fund may trade in financial instruments with off-balance sheet risk in the normal course of its investing activities. These financial instruments may include forward foreign currency exchange contracts and futures contracts and may involve, to a varying degree, elements of risk in excess of the amounts recognized for financial statement purposes. The notional or contractual amounts of these instruments represent the investment the Fund has in particular classes of financial instruments and do not necessarily represent the amounts potentially subject to risk. The measurement of the risks associated with these instruments is meaningful only when all related and offsetting transactions are considered. A summary of obligations under these financial instruments at April 30, 2022 is included in the Portfolio of Investments. At April 30, 2022, the Fund had sufficient cash and/or securities to cover commitments under these contracts.
In the normal course of pursuing its investment objective, the Fund is subject to the following risks:
Equity Price Risk: 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.
Foreign Exchange Risk: The Fund engages in forward foreign currency exchange contracts to seek to hedge against fluctuations in currency exchange rates.
The Fund enters into forward foreign currency exchange contracts that may contain provisions whereby the counterparty may terminate the contract under certain conditions, including but not limited to a decline in the Fund’s net assets below a certain level over a certain period of time, which would trigger a payment by the Fund for those derivatives in a liability position. At April 30, 2022, the Fund had no open derivatives with credit-related contingent features in a net liability position.
The over-the-counter (OTC) derivatives in which the Fund invests are subject to the risk that the counterparty to the contract fails to perform its obligations under the contract. To mitigate this risk, the Fund has entered into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with substantially all its derivative counterparties. An ISDA Master Agreement is a bilateral agreement between the Fund and a counterparty that governs certain OTC derivatives and typically contains, among other things, set-off provisions in the event of a default and/or termination event as defined under the relevant ISDA Master Agreement. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of default including the bankruptcy or insolvency of the counterparty. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy or insolvency. Certain ISDA Master Agreements allow counterparties to OTC derivatives to terminate derivative contracts prior to maturity in the event the Fund’s net assets decline by a stated percentage or the Fund fails to meet the terms of its ISDA Master Agreements, which would cause the counterparty to accelerate payment by the Fund of any net liability owed to it.
The collateral requirements for derivatives traded under an ISDA Master Agreement are governed by a Credit Support Annex to the ISDA Master Agreement. Collateral requirements are determined at the close of business each day and are typically based on changes in market values for each transaction under an ISDA Master Agreement and netted into one amount for such agreement. Generally, the amount of collateral due from or to a counterparty is subject to a minimum transfer threshold amount before a transfer is required, which may vary by counterparty. Collateral pledged for the benefit of the Fund and/or counterparty is held in segregated accounts by the Fund’s custodian and cannot be sold, re-pledged, assigned or otherwise used while pledged. The portion of such collateral representing cash, if any, is reflected as deposits for derivatives collateral and, in the case of cash pledged by a counterparty for the benefit of the Fund, a corresponding liability on the Statement of Assets and Liabilities. Securities pledged by the Fund as collateral, if any, are identified as such in the Portfolio of Investments. The carrying amount of the liability for cash collateral due to broker at April 30, 2022 approximated its fair value. If measured at fair value, such liability would have been considered as Level 2 in the fair value hierarchy (see Note 9) at April 30, 2022.
20


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Notes to Financial Statements (Unaudited) — continued

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at April 30, 2022 was as follows:
    Fair Value
Risk Derivative Asset Derivative Liability Derivative
Equity Price Futures contracts $ 521,356(1) $ (3,173,104)(1)
Foreign Exchange Forward foreign currency exchange contracts 415,678 (2)  —
Total $937,034 $(3,173,104)
Derivatives not subject to master netting or similar agreements $521,356 $(3,173,104)
Total Derivatives subject to master netting or similar agreements $415,678 $  —
(1) Only the current day's variation margin on open futures contracts is reported within the Statement of Assets and Liabilities as Receivable or Payable for variation margin on open futures contracts, as applicable.
(2) Statement of Assets and Liabilities location: Receivable for open forward foreign currency exchange contracts.
The Fund's derivative assets and liabilities at fair value by risk, which are reported gross in the Statement of Assets and Liabilities, are presented in the table above. The following table presents the Fund's derivative assets by counterparty, net of amounts available for offset under a master netting agreement and net of the related collateral received by the Fund for such assets as of April 30, 2022.
Counterparty Derivative
Assets Subject to
Master Netting
Agreement
Derivatives
Available
for Offset
Non-cash
Collateral
Received(a)
Cash
Collateral
Received(a)
Net Amount
of Derivative
Assets(b)
Bank of America, N.A. $ 60,437 $  — $  — $  — $ 60,437
State Street Bank and Trust Company 355,241  —  — (290,000) 65,241
  $415,678 $ —  $ — $(290,000) $125,678
(a) In some instances, the total collateral received and/or pledged may be more than the amount shown due to overcollateralization.
(b) Net amount represents the net amount due from the counterparty in the event of default.
The effect of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) on the Statement of Operations by risk exposure for the six months ended April 30, 2022 was as follows:
Risk Derivative Realized Gain (Loss)
on Derivatives Recognized
in Income(1)
Change in Unrealized
Appreciation (Depreciation) on
Derivatives Recognized in Income(2)
Equity Price Futures contracts $ (3,918,418) $ (2,651,748)
Foreign Exchange Forward foreign currency exchange contracts 188,298 382,422
Total $(3,730,120) $(2,269,326)
(1) Statement of Operations location: Net realized gain (loss): Futures contracts and Forward foreign currency exchange contracts, respectively.
(2) Statement of Operations location: Change in unrealized appreciation (depreciation): Futures contracts and Forward foreign currency exchange contracts, respectively.
21


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Notes to Financial Statements (Unaudited) — continued

The average notional cost of futures contracts and average notional amounts of other derivative contracts outstanding during the six months ended April 30, 2022, which are indicative of the volume of these derivative types, were approximately as follows:
Futures
Contracts — Long
Futures
Contracts — Short
Forward
Foreign Currency
Exchange Contracts*
$43,243,000 $43,426,000 $6,386,000
* The average notional amount for forward foreign currency exchange contracts is based on the absolute value of notional amounts of currency purchased and currency sold.
7  Liquidity Agreement
Effective August 28, 2020, the Fund entered into a Liquidity Agreement (the Agreement) with State Street Bank and Trust Company (SSBT) that allows the Fund to borrow or otherwise access up to $435 million through securities lending transactions, direct loans from SSBT or a combination of both. The Fund has granted to SSBT a security interest in all its cash, securities and other financial assets, unless otherwise pledged, to secure the payment and performance of its obligations under the Agreement. Pursuant to the terms of the Agreement, the Fund has made its securities available for securities lending transactions by SSBT acting as securities lending agent for the Fund. Securities lending transactions are required to be secured with cash collateral received from the securities borrowers equal at all times to at least 100%, 102% or 105% of the market value of the securities loaned, depending on the type of security. The market value of securities loaned is determined daily and any additional required collateral is delivered to SSBT on the next business day. The Fund is subject to the possible delay in the recovery of loaned securities. Pursuant to the Agreement, SSBT has provided indemnification to the Fund in the event of default by a securities borrower with respect to security loans. However, the Fund retains all risk of loss and gains associated with securities purchased using cash received as collateral for security loans. The Fund is entitled to receive from securities borrowers all substitute interest, dividends and other distributions paid with respect to the securities on loan. The Fund may instruct SSBT to recall a security on loan at any time. At April 30, 2022, the value of the securities loaned and the value of the cash collateral received by SSBT, which exceeded the value of the securities loaned, amounted to $243,781,558 and $259,055,783, respectively.
Interest on borrowings outstanding under the Agreement is charged at a rate equal to 1-month LIBOR plus 0.50%, payable monthly. SSBT retains all net fees that may arise in connection with securities lending transactions. If the value of securities available to lend falls below a prescribed level, the interest rate may be increased. If the Fund utilizes less than 50% of the commitment amount, it will be charged a monthly non-usage fee of 0.25% per annum on the unused portion of the commitment. The Agreement may be terminated by either SSBT or the Fund upon 360 days’ prior written notice to the other party and after the second anniversary of the Agreement, by the Fund upon 90 days’ prior written notice to SSBT. If certain asset coverage and collateral requirements or other covenants are not met, the Agreement could be deemed in default and result in termination. At April 30, 2022, the Fund had borrowings outstanding under the Agreement of $370 million at an annual interest rate of 0.95%, which are shown as Liquidity Agreement borrowings on the Statement of Assets and Liabilities. The carrying amount of the borrowings at April 30, 2022 approximated its fair value. If measured at fair value, borrowings under the Agreement would have been considered as Level 2 in the fair value hierarchy (see Note 9) at April 30, 2022. For the six months ended April 30, 2022, the aggregate average borrowings under the Agreement and the average annual interest rate (excluding fees) were $370,000,000 and 0.72%, respectively.
22


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Notes to Financial Statements (Unaudited) — continued

8  Investments in Affiliated Issuers and Funds
The Fund invested in issuers that may be deemed to be affiliated with Morgan Stanley. At April 30, 2022, the value of the Fund's investment in affiliated issuers and funds was $11,537,268, which represents 0.8% of the Fund's net assets. Transactions in affiliated issuers and funds by the Fund for the six months ended April 30, 2022 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
Units/Shares,
end of period
Common Stocks
Mitsubishi UFJ Financial Group, Inc. $9,679,338 $  — $ (10,560,862) $ 1,976,377 $ (1,094,853) $  — $  —        —
Short-Term Investments
Cash Reserves Fund  — 192,118,366 (192,115,423) (2,943)  —  — 2,879        —
Liquidity Fund  — 24,307,941 (12,770,673)  —  — 11,537,268 703 11,537,268
Total       $1,973,434 $(1,094,853) $11,537,268 $3,582  
9  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 April 30, 2022, the hierarchy of inputs used in valuing the Fund's investments and open derivative instruments, which are carried at value, were as follows:
Asset Description  Level 1 Level 2 Level 3 Total
Common Stocks:        
Communication Services $  87,191,141 $  42,087,296 $     — $   129,278,437
Consumer Discretionary  67,787,240 104,395,741     —   172,182,981
Consumer Staples  59,976,140  61,579,361     —   121,555,501
Energy  68,906,195         —     —    68,906,195
Financials  70,394,746 133,076,819     —   203,471,565
Health Care 103,833,581 126,706,315     —   230,539,896
Industrials  60,668,972 136,720,048     —   197,389,020
Information Technology 236,379,484  68,509,376     —   304,888,860
Materials         —  44,142,877     —    44,142,877
Real Estate   7,585,442         —     —     7,585,442
Utilities  19,823,767  18,378,586     —    38,202,353
Total Common Stocks $ 782,546,708 $735,596,419* $    — $ 1,518,143,127
23


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Notes to Financial Statements (Unaudited) — continued

Asset Description (continued) Level 1 Level 2 Level 3 Total
Corporate Bonds $         — $ 169,424,163 $     — $   169,424,163
Exchange-Traded Funds  12,299,893         —     —    12,299,893
Preferred Stocks:        
Communication Services   5,722,800         —     —     5,722,800
Consumer Staples         —   1,621,840     —     1,621,840
Energy  12,914,622         —     —    12,914,622
Financials  19,871,845   9,954,090     —    29,825,935
Real Estate   9,565,520         —     —     9,565,520
Utilities  10,016,235         —     —    10,016,235
Total Preferred Stocks $  58,091,022 $ 11,575,930 $    — $    69,666,952
Short-Term Investments $  11,537,268 $         — $     — $    11,537,268
Total Investments $ 864,474,891 $916,596,512 $    — $ 1,781,071,403
Forward Foreign Currency Exchange Contracts $         — $     415,678 $     — $       415,678
Futures Contracts     521,356         —     —       521,356
Total $ 864,996,247 $917,012,190 $    — $ 1,782,008,437
Liability Description         
Futures Contracts $  (3,173,104) $         — $     — $    (3,173,104)
Total $  (3,173,104) $         — $    — $    (3,173,104)
* 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.
10  Risks and Uncertainties
Risks Associated with Foreign Investments
Foreign investments can be adversely affected by political, economic and market developments abroad, including the imposition of economic and other sanctions by the United States or another country. There may be less publicly available information about foreign issuers because they may not be subject to reporting practices, requirements or regulations comparable to those to which United States companies are subject. Foreign markets may be smaller, less liquid and more volatile than the major markets in the United States. Trading in foreign markets typically involves higher expense than trading in the United States. The Fund may have difficulties enforcing its legal or contractual rights in a foreign country. Securities that trade or are denominated in currencies other than the U.S. dollar may be adversely affected by fluctuations in currency exchange rates.
Pandemic Risk
An outbreak of respiratory disease caused by a novel coronavirus was first detected in China in late 2019 and subsequently spread internationally. This coronavirus has resulted in closing borders, enhanced health screenings, changes to healthcare service preparation and delivery, quarantines, cancellations, disruptions to supply chains and customer activity, as well as general concern and uncertainty. Health crises caused by outbreaks of disease, such as the coronavirus outbreak, may exacerbate other pre-existing political, social and economic risks and disrupt normal market conditions and operations. The impact of this outbreak has negatively affected the worldwide economy, as well as the economies of individual countries and industries, and could continue to affect the market in significant and unforeseen ways. Other epidemics and pandemics that may arise in the future may have similar effects. Any such impact could adversely affect the Fund's performance, or the performance of the securities in which the Fund invests.
24


Eaton Vance
Tax-Advantaged Global Dividend Income Fund
April 30, 2022
Officers and Trustees

Officers
Edward J. Perkin
President
Jill R. Damon
Secretary
Deidre E. Walsh
Vice President and Chief Legal Officer
Richard F. Froio
Chief Compliance Officer
James F. Kirchner
Treasurer
 
Trustees  
George J. Gorman
Chairperson
 
Thomas E. Faust Jr.*  
Mark R. Fetting  
Cynthia E. Frost  
Valerie A. Mosley  
William H. Park  
Helen Frame Peters  
Keith Quinton  
Marcus L. Smith  
Susan J. Sutherland  
Scott E. Wennerholm  
Nancy A. Wiser**  
 
* Interested Trustee
** Ms. Wiser began serving as a Trustee effective April 4, 2022.
25


Eaton Vance Funds
Privacy Notice April 2021

FACTS WHAT DOES EATON VANCE DO WITH YOUR
PERSONAL INFORMATION?
Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What? The types of personal information we collect and share depend on the product or service you have with us. This information can include:
■ Social Security number and income
■ investment experience and risk tolerance
■ checking account number and wire transfer instructions
How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing.
Reasons we can share your
personal information
Does Eaton Vance
share?
Can you limit
this sharing?
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Yes No
For our marketing purposes — to offer our products and services to you Yes No
For joint marketing with other financial companies No We don’t share
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness Yes Yes
For our affiliates’ everyday business purposes — information about your transactions and experiences Yes No
For our affiliates’ everyday business purposes — information about your creditworthiness No We don’t share
For our investment management affiliates to market to you Yes Yes
For our affiliates to market to you No We don’t share
For nonaffiliates to market to you No We don’t share
To limit our
sharing
Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.com
Please note:
If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing.
Questions? Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.com
26


Eaton Vance Funds
Privacy Notice — continued April 2021

Page 2
Who we are
Who is providing this notice? Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (“Eaton Vance”) (see Investment Management Affiliates definition below)
What we do
How does Eaton Vance
protect my personal
information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information.
How does Eaton Vance
collect my personal
information?
We collect your personal information, for example, when you
■ open an account or make deposits or withdrawals from your account
■ buy securities from us or make a wire transfer
■ give us your contact information
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing? Federal law gives you the right to limit only
■ sharing for affiliates’ everyday business purposes — information about your creditworthiness
■ affiliates from using your information to market to you
■ sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
Definitions
Investment Management
Affiliates
Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co.
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.
■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co.
Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.
■ Eaton Vance does not share with nonaffiliates so they can market to you.
Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
■ Eaton Vance doesn’t jointly market.
Other important information
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.
California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us.
27


Eaton Vance Funds
IMPORTANT NOTICES

Delivery of Shareholder Documents. The Securities and Exchange Commission (SEC) permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called “householding” and it helps eliminate duplicate mailings to shareholders. American Stock Transfer & Trust Company, LLC (“AST”), the closed-end funds transfer agent, or your financial intermediary, may household the mailing of your documents indefinitely unless you instruct AST, or your financial intermediary, otherwise. If you would prefer that your Eaton Vance documents not be householded, please contact AST or your financial intermediary. Your instructions that householding not apply to delivery of your Eaton Vance documents will typically be effective within 30 days of receipt by AST or your financial intermediary.
Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) files a schedule of portfolio holdings on Part F to Form N-PORT with the SEC. Certain information filed on Form N-PORT may be viewed on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov.
Proxy Voting. From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds’ and Portfolios’ Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, without charge, upon request, by calling 1-800-262-1122 and by accessing the SEC’s website at www.sec.gov.
Share Repurchase Program. The Fund's Board of Trustees has approved a share repurchase program authorizing the Fund to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year in open-market transactions at a discount to net asset value. The repurchase program does not obligate the Fund to purchase a specific amount of shares. The Fund’s repurchase activity, including the number of shares purchased, average price and average discount to net asset value, is disclosed in the Fund’s annual and semi-annual reports to shareholders.
Additional Notice to Shareholders. If applicable, a Fund may also redeem or purchase its outstanding preferred shares in order to maintain compliance with regulatory requirements, borrowing or rating agency requirements or for other purposes as it deems appropriate or necessary.
Closed-End Fund Information. Eaton Vance closed-end funds make fund performance data and certain information about portfolio characteristics available on the Eaton Vance website shortly after the end of each month. Other information about the funds is available on the website. The funds’ net asset value per share is readily accessible on the Eaton Vance website. Portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following the end of the month. This information is available at www.eatonvance.com on the fund information pages under “Closed-End Funds & Term Trusts”.
28


Investment Adviser and Administrator
Eaton Vance Management
Two International Place
Boston, MA 02110
Investment Sub-Adviser
Eaton Vance Advisers International Ltd.
125 Old Broad Street
London, EC2N 1AR
United Kingdom
Custodian
State Street Bank and Trust Company
State Street Financial Center, One Lincoln Street
Boston, MA 02111
Transfer Agent
American Stock Transfer & Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
Fund Offices
Two International Place
Boston, MA 02110


7737    4.30.22


Item 2. Code of Ethics

Not required in this filing.

Item 3. Audit Committee Financial Expert

Not required in this filing.

Item 4. Principal Accountant Fees and Services

Not required in this filing.

Item 5. Audit Committee of Listed Registrants

Not required in this filing.


Item 6. Schedule of Investments

Please see schedule of investments contained in the Report to Stockholders included under Item 1 of this Form N-CSR.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

Not required in this filing.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

Not required in this filing.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

No such purchases this period.

Item 10. Submission of Matters to a Vote of Security Holders

No material changes.

Item 11. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies

No activity to report for the Registrant’s most recent fiscal year end.

Item 13. Exhibits

 

(a)(1)   Registrant’s Code of Ethics – Not applicable (please see Item 2).
(a)(2)(i)   Treasurer’s Section 302 certification.
(a)(2)(ii)   President’s Section 302 certification.
(b)   Combined Section 906 certification.
(c)   Registrant’s notices to shareholders pursuant to Registrant’s exemptive order granting an exemption from Section  19(b) of the 1940 Act and Rule 19b-1 thereunder regarding distributions paid pursuant to the Registrant’s Managed Distribution Plan.


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Tax-Advantaged Global Dividend Income Fund

 

By:  

/s/ Edward J. Perkin

  Edward J. Perkin
  President

Date: June 23, 2022

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:  

/s/ James F. Kirchner

  James F. Kirchner
  Treasurer
Date: June 23, 2022
By:  

/s/ Edward J. Perkin

  Edward J. Perkin
  President

Date: June 23, 2022

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