Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund acts as closed-end investment fund. It intends to provide current income and gains with an objective of capital appreciation. The company was founded on February 27, 2007 and is headquartered in Boston, MA.

Eaton Vance California Municipal Income Trust

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Eaton Vance Municipal Bond Fund

Eaton Vance New York Municipal Bond Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance National Municipal Opportunities Trust

Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Limited Duration Income Fund

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 12/2/2024    Ex-Date – 12/12/2024    Record – 12/12/2024    Payable – 12/19/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 11/29/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.65 5.63% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.79.

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

BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their November distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amo.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

The U.S. equity market has outperformed international markets for an extended period of time, going back to around the Global Financial Crisis. Diversifying with global investments can be beneficial; relative valuations between the U.S. market and the international counterparts have been getting quite extended. Today, we look at two closed-end funds that have the added flexibility of investing with a global tilt but also having meaningful U.S. exposure.

EXG And ETG: 2 Global Funds At Attractive Discounts

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

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

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

EXG: Global Call Writing Fund For Monthly Distributions

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

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

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

Eaton Vance Raises Distributions On All Equity CEFs

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

ETW And EXG: Globally Diversified Call Writing Funds

Eaton Vance Tax-Managed Global Diversified Equity Income Fund offers global exposure while also implementing a call-writing strategy. The EXG closed-end fund is trading at a large discount on both an absolute and relative basis, making it an attractive investment choice on the market today. The fund's distribution yield is attractive at 8.37%, and it is paid monthly; as always with equity funds, most of this will need to be covered through capital gains.

EXG: Discount Remains Attractive On This Fund With A Global Tilt

Eaton Vance Tax-Managed Global Diversified Equity Income Fund offers high income from equity securities without sacrificing upside potential. The fund also provides decent exposure to foreign equity markets. The EXG closed-end fund's performance has not matched that of the S&P 500 Index or MSCI World Index even when distributions are included. The fund's distribution yield is higher than comparable equity indices, but its distribution history shows a trend of reducing payouts.

EXG: Decent 8%-Yielder, But Historic Performance Prevents Rating Upgrade

Virtus Artificial Intelligence & Technology Opportunities Fund

Global X Artificial Intelligence & Technology ETF

ProShares Ultra Nasdaq Biotechnology

ProShares Ultra Oil & Gas

abrdn Healthcare Investors 

iShares Nasdaq Biotechnology ETF

Intel

iShares Russell 2000 ETF

NVIDIA

Novo Nordisk

Invesco QQQ

First Trust Cloud Computing ETF

SPDR S&P 500 ETF Trust

ProShares Ultra S&P 500

Energy Select Sector SPDR Fund

Exxon Mobil

In Part I of my Top Picks For 2024, I explained why we saw such extreme valuation losses in most equity CEFs in 2023 and what that could-mean for 2024. In my opinion, liquidity was the over-riding factor for why so few stocks, think Magnificent 7, received the lion's share of buy-interest while most everything else suffered, including equity CEFs. But just because the Federal Reserve will continue its Quantitative Tapering doesn't mean that other Fed programs won't increase liquidity in other places.

Equity CEFs/ETFs: Top Picks For 2024 - Part II

EXG is an equity closed-end fund utilizing written options to extract dividends from its equity portfolio. Over a 10-year period, EXG has tracked closely with the Vanguard Total World Stock ETF, with periods of outperformance. The Fund's strategy involves writing call options, which works better when volatility is high. The current low volatility environment has resulted in a widening of the discount to NAV for EXG.

EXG: Global Equities At A Large -10% Discount

Eaton Vance Tax-Managed Global Diversified Equity Income Fund is a popular global income-focused closed-end fund that offers diversification outside the U.S. The EXG closed-end fund has underperformed both the S&P 500 Index and the MSCI World Index over just about every period, including during bear markets, raising concerns. Despite its underperformance, the EXG fund offers a high current distribution yield of 9.10% and has a discounted net asset value, making it potentially attractive for investors.

EXG: A History Of Underperformance But An Attractive 9.10% Yield

ArrowMark Financial

BlackRock Resources & Commodities Strategy Trust

Calamos Strategic Total Return Fund

Morgan Stanley India Investment Fund Inc

Nuveen Floating Rate Income Fund

Barings Corporate Investors

John Hancock Premium Dividend Fund

Liberty All Star Equity Fund

Closed-end funds offer high income, diversification, and market-matching total returns for income-focused investors. Five CEFs with solid track records, high distributions, and attractive discounts are highlighted in this monthly series. The selected CEFs offer an average distribution rate of over 9%, have strong historical performance, and trade at an average discount of -6.5% to NAV.

5 Best CEFs To Buy This Month (August 2023)

EXG is a global equity CEF that seeks to provide current income with a secondary objective of capital appreciation. EXG employs a covered call strategy. I generally like more globally diversified funds at this stage of the cycle, and think that this does provide the fund a unique edge relative to other high income funds.

EXG: Global Diversification And Good Relative Protection Potential

Virtus AllianzGI Diversified Income & Convertible Fund

Sprott Focus Trust

Barings Participation Investors

Royce Value Trust

LMP Capital and Income Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records, pay high distributions, and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs To Buy This Month (July 2023)

The Eaton Vance Tax-Managed Global Diversified Equity Income Fund is a robust global equity buy-write fund that has outperformed simple vanilla ETFs. The fund sells call options on roughly half its portfolio, helping to buffer some of the downside during market downturns, but underperforms during sustained market rallies. Despite its success, the fund has seen its discount to NAV widen since 2022, a feature expected to revert in the next market structural bull cycle.

EXG: Great Global Equity Buy-Write CEF, 8.4% Yield

Liberty All-Star Growth Fund

BlackRock Science & Technology

Putnam High Income Securities Fund

PIMCO Income Strategy Fund II

abrdn Life Sciences Investors 

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

5 Best CEFs To Buy This Month (May 2023)

EXG has moved to an attractive discount since our prior update. The global tilt of the fund can be attractive as global valuations look tempting.

EXG: Global Fund With An Options Strategy At A Deep Discount

Equity CEFs: An Even Better Opportunity To Own The Eaton Vance Equity CEFs (ETJ And EXG).

Equity CEFs: An Even Better Opportunity To Own The Eaton Vance Equity CEFs (ETJ And EXG)

CBRE Global Real Estate Income Fund

5 Best CEFs To Buy This Month (April 2023).

5 Best CEFs To Buy This Month (April 2023)

EXG provides a good way to add international exposure to your portfolio and earn an attractive yield. It is currently trading at an above average discount to net asset value.

EXG: This High Yielding Global Equity Fund May Be Ready To Outperform

The EXG fund provides exposure to a global portfolio of leading companies. The fund pays an 8.6% distribution yield which appears in line with the fund's long-term historical returns.

EXG: High Yielding Global Equity Fund

Central Securities

Neuberger Berman MLP Income Fund, Inc.

Cohen & Steers Quality Income Realty Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

5 Best CEFs To Buy This Month (March 2023)

Highland Income Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market. For these reasons, they are not suited for everyone.

News for Eaton Vance Tax-Managed Global Diversified Equity Income Fund ETF (EXG)