Eaton Vance TA Global Dividend Income
Table of Contents

 
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
811-21470
Investment Company Act File Number
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)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrant’s Telephone Number, Including Area Code)
October 31
Date of Fiscal Year End
January 31, 2009
Date of Reporting Period
 
 

 

TABLE OF CONTENTS

Item 1. Schedule of Investments
Item 2. Controls and Procedures
Signatures
EX-99.CERT Section 302 Certifications

Table of Contents

Item 1. Schedule of Investments

 

Table of Contents

Eaton Vance Tax-Advantaged Global Dividend Income Fund   as of January 31, 2009
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks — 126.0%(1)
                 
Security   Shares     Value  
 
Beverages — 3.1%
                
Diageo PLC
     2,000,000     $ 26,835,086  
 
              
 
           $ 26,835,086  
 
              
Construction & Engineering — 0.6%
                
Bouygues SA
     150,000     $ 5,107,935  
 
              
 
           $ 5,107,935  
 
              
Diversified Telecommunication Services — 12.3%
                
AT&T, Inc.
     2,195,000     $ 54,040,900  
BCE, Inc.
     748,000       15,304,080  
France Telecom SA
     1,077,991       24,156,761  
Verizon Communications, Inc.
     446,324       13,331,698  
 
              
 
           $ 106,833,439  
 
              
Electric Utilities — 31.0%
                
E.ON AG
     1,500,000     $ 48,316,507  
Edison International
     650,000       21,170,500  
Endesa SA
     150,000       4,619,849  
Entergy Corp.
     450,000       34,362,000  
Exelon Corp.
     560,000       30,363,200  
FPL Group, Inc.
     700,000       36,085,000  
Iberdrola SA
     4,400,000       34,253,261  
Scottish and Southern Energy PLC
     2,500,000       42,986,986  
Southern Co. (The)
     500,000       16,725,000  
 
              
 
           $ 268,882,303  
 
              
Electrical Equipment — 4.0%
                
Cooper Industries, Ltd., Class A
     450,000     $ 12,109,500  
Emerson Electric Co.
     700,000       22,890,000  
 
              
 
           $ 34,999,500  
 
              
Food Products — 5.9%
                
Kraft Foods, Inc., Class A
     588,220     $ 16,499,571  
Nestle SA
     1,000,000       34,559,307  
 
              
 
           $ 51,058,878  
 
              
Gas Utilities — 1.7%
                
GDF Suez
     383,735     $ 14,681,417  
 
              
 
           $ 14,681,417  
 
              
Health Care Equipment & Supplies — 1.0%
                
Boston Scientific Corp. (2)
     1,000,000     $ 8,870,000  
 
              
 
           $ 8,870,000  
 
              
Hotels, Restaurants & Leisure — 5.4%
                
McDonald’s Corp.
     800,000     $ 46,416,000  
 
              
 
           $ 46,416,000  
 
              
Industrial Conglomerates — 1.1%
                
Siemens AG
     170,000     $ 9,573,039  
 
              
 
           $ 9,573,039  
 
              
Insurance — 7.3%
                
AON Corp.
     400,000     $ 14,820,000  
Chubb Corp.
     699,478       29,783,773  
Travelers Companies, Inc. (The)
     494,985       19,126,220  
 
              
 
           $ 63,729,993  
 
              
Investment Companies — 0.1%
                
Reinet Investments SCA (2)
     95,821     $ 895,631  
 
              
 
           $ 895,631  
 
              

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Table of Contents

                 
Security   Shares     Value  
 
Machinery — 2.8%
                
Deere & Co.
     700,000     $ 24,318,000  
 
              
 
           $ 24,318,000  
 
              
Media — 0.0%
                
Reed Elsevier PLC
     1     $ 7  
 
              
 
           $ 7  
 
              
Metals & Mining — 4.1%
                
Southern Copper Corp.
     1,200,000     $ 16,728,000  
ThyssenKrupp AG
     945,355       19,184,809  
 
              
 
           $ 35,912,809  
 
              
Multi-Utilities — 5.2%
                
RWE AG
     575,000     $ 44,676,180  
 
              
 
           $ 44,676,180  
 
              
Oil, Gas & Consumable Fuels — 20.1%
                
BP PLC ADR
     100,000     $ 4,247,000  
Chevron Corp.
     650,000       45,838,000  
Marathon Oil Corp.
     1,100,000       29,953,000  
Repsol YPF, S.A.
     1,550,000       27,682,609  
StatoilHydro ASA
     2,200,000       37,904,963  
Total SA ADR
     580,000       28,872,400  
 
              
 
           $ 174,497,972  
 
              
Pharmaceuticals — 8.6%
                
AstraZeneca PLC
     300,000     $ 11,560,337  
Novartis AG ADR
     350,000       14,441,000  
Pfizer, Inc.
     900,000       13,122,000  
Schering-Plough Corp.
     801,695       14,077,764  
Wyeth Corp.
     500,000       21,485,000  
 
              
 
           $ 74,686,101  
 
              
Real Estate Investment Trusts (REITs) — 2.1%
                
AvalonBay Communities, Inc.
     206,322     $ 10,689,557  
Boston Properties, Inc.
     170,000       7,361,000  
 
              
 
           $ 18,050,557  
 
              
Tobacco — 8.8%
                
Altria Group, Inc.
     850,000     $ 14,059,000  
British American Tobacco PLC
     427,939       11,734,022  
Imperial Tobacco Group PLC
     700,000       19,141,167  
Philip Morris International, Inc.
     850,000       31,577,500  
 
              
 
           $ 76,511,689  
 
              
Wireless Telecommunication Services — 0.8%
                
Rogers Communications, Inc., Class B
     250,000     $ 7,040,000  
 
              
 
           $ 7,040,000  
 
              
Total Common Stocks
(identified cost $992,871,126)
           $ 1,093,576,536  
 
              
Preferred Stocks — 18.9%
                 
Security   Shares     Value  
 
Commercial Banks — 9.1%
                
Abbey National Capital Trust I, 8.963% (3)
     17,500     $ 11,519,637  
ABN AMRO North America Capital Funding Trust, 6.968% (3)(4)
     3,300       1,430,344  
Barclays Bank PLC, 8.55% (3)(4)
     17,960       8,284,230  
BBVA International Preferred SA Unipersonal, 5.919% (1)(3)
     4,000       1,359,368  
BNP Paribas, 7.195% (3)(4)
     100       7,807,996  
BNP Paribas Capital Trust, 9.003% (3)(4)
     15,000       8,525,070  
Credit Agricole SA/London, 6.637% (3)(4)
     9,950       5,030,431  
DB Contingent Capital Trust II, 6.55% (1)
     135,000       1,810,350  
Den Norske Bank, 7.729% (3)(4)
     5,000       3,229,555  
First Tennessee Bank, 5.37% (3)(4)
     5,275       1,803,391  
HSBC Capital Funding LP, 9.547% (3)(4)
     5,000       3,891,195  
Landsbanki Islands HF, 7.431% (3)(4)(5)
     14,850       8,910  
Lloyds Banking Group PLC, 6.657% (3)(4)
     18,000       3,637,782  
PNC Financial Services Group, Inc., 9.875% (3)
     48,600       1,018,170  
Royal Bank of Scotland Group PLC, 7.64% (3)
     100       2,369,476  
Santander Finance Unipersonal, 6.50% (1)
     386,500       6,628,475  
Standard Chartered PLC, 6.409% (3)(4)
     100       3,420,024  
UBS Preferred Funding Trust I, 8.622% (3)
     15,000       7,525,965  
 
              
 
           $ 79,300,369  
 
              

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Table of Contents

                 
Security   Shares     Value  
 
Diversified Financial Services — 0.6%
                
CoBank, 11.00%
     110,000     $ 5,031,785  
 
              
 
           $ 5,031,785  
 
              
Electric Utilities — 0.2%
                
Georgia Power Co., 6.50%
     20,000     $ 1,679,200  
 
              
 
           $ 1,679,200  
 
              
Food Products — 0.5%
                
Dairy Farmers of America, 7.875% (4)
     75,230     $ 4,163,514  
 
              
 
           $ 4,163,514  
 
              
Insurance — 7.6%
                
Aegon NV, 6.375% (1)
     470,000     $ 5,635,300  
Arch Capital Group, Ltd., Series A, 8.00% (1)
     77,000       1,694,000  
Arch Capital Group, Ltd., Series B, 7.875% (1)
     11,000       229,130  
AXA SA, 6.379% (3)(4)
     2,500       1,103,317  
AXA SA, 6.463% (3)(4)
     21,670       9,699,866  
Endurance Specialty Holdings, Ltd., 7.75% (1)
     246,200       3,993,364  
ING Capital Funding Trust III, 8.439% (3)
     21,300       9,754,314  
ING Groep NV, 8.50% (1)
     450,000       6,637,500  
Prudential PLC, 6.50%
     18,500       9,026,798  
RenaissanceRe Holdings, Ltd., 6.08% (1)
     257,500       4,014,425  
RenaissanceRe Holdings, Ltd., 6.60% (1)
     115,000       2,116,000  
Zurich Regcaps Fund Trust VI, 1.8694% (3)(4)
     16,200       12,018,375  
 
              
 
           $ 65,922,389  
 
              
Oil, Gas & Consumable Fuels — 0.9%
                
Kinder Morgan GP, Inc., 8.33% (3)(4)
     7,000     $ 7,768,250  
 
              
 
           $ 7,768,250  
 
              
Thrifts & Mortgage Finance — 0.0%
                
Indymac Bank FSB, 8.50% (4)(5)
     400,000     $ 4,000  
 
              
 
           $ 4,000  
 
              
Total Preferred Stocks
(identified cost $347,061,003)
           $ 163,869,507  
 
              
Short-Term Investments — 3.0%
                 
    Interest        
Description   (000’s omitted)     Value  
 
Cash Management Portfolio, 0.23% (6)
   $ 26,110     $ 26,110,064  
 
              
 
                
 
                
 
                
 
                
 
Total Short-Term Investments
(identified cost $26,110,064)
           $ 26,110,064  
 
              
 
                
 
                
 
                
 
                
 
Total Investments — 147.9%
(identified cost $1,366,042,193)
           $ 1,283,556,107  
 
              
 
                
 
                
 
                
 
Other Assets, Less Liabilities — (47.9)%
           $ (415,811,593 )
 
              
 
                
 
                
 
                
 
                
 
Net Assets — 100.0%
           $ 867,744,514  
 
              
     
ADR
  - American Depository Receipt
 
 
    
(1)
  Security has been segregated as collateral with the custodian for borrowings under the Committed Facility Agreement.
 
    
(2)
  Non-income producing security.
 
    
(3)
  Variable rate security. The stated interest rate represents the rate in effect at January 31, 2009.
 
    
(4)
  Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2009, the aggregate value of the securities is $81,826,250 or 9.4% of the Fund’s net assets.
 
    
(5)
  Defaulted security.
 
    
(6)
  Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2009. Net income allocated from the investment in Cash Management Portfolio for the fiscal year to date ended January 31, 2009 was $78,440.

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Table of Contents

Country Concentration of Portfolio
                 
    Percentage    
Country   of Total Investments   Value
 
United States
     55.2 %   $ 709,036,592  
United Kingdom
     11.2       143,242,916  
Germany
     9.5       121,750,535  
France
     7.5       96,460,124  
Spain
     5.7       73,184,194  
Switzerland
     3.8       49,000,307  
Norway
     3.2       41,134,518  
Canada
     1.7       22,344,080  
Bermuda
     1.1       14,225,500  
Netherlands
     1.0       12,272,800  
Luxembourg
     0.1       895,631  
Iceland
     0.0       8,910  
 
              
Total
     100.0 %   $ 1,283,556,107  
 
              

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Table of Contents

The Fund did not have any open financial instruments at January 31, 2009.
The cost and unrealized appreciation (depreciation) of investments of the Fund at January 31, 2009, as determined on a federal income tax basis, were as follows:
         
Aggregate cost
   $ 1,366,086,093  
 
      
Gross unrealized appreciation
   $ 175,159,659  
Gross unrealized depreciation
     (257,689,645 )
 
      
Net unrealized depreciation
   $ (82,529,986 )
 
      
The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157 (FAS 157), “Fair Value Measurements”, effective November 1, 2008. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, 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)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At January 31, 2009, the inputs used in valuing the Fund’s investments, which are carried at value, were as follows:
             
        Investments in  
    Valuation Inputs   Securities  
Level 1
   Quoted Prices   $ 814,223,141  
Level 2
   Other Significant Observable Inputs     469,332,966  
Level 3
   Significant Unobservable Inputs     —  
 
          
Total
       $ 1,283,556,107  
 
          
The Fund held no investments or other financial instruments at October 31, 2008 whose fair value was determined using Level 3 inputs.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

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Table of Contents

Item 2. 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 on this Form N-Q 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 on this Form N-Q 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 fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

 

Table of Contents

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/ Duncan W. Richardson    
 
       
 
  Duncan W. Richardson    
 
  President    
 
        
Date:
  March 25, 2009    
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/ Duncan W. Richardson    
 
       
 
  Duncan W. Richardson    
 
  President    
 
        
Date:
  March 25, 2009    
 
        
By:
  /s/ Barbara E. Campbell    
 
       
 
  Barbara E. Campbell    
 
  Treasurer    
 
        
Date:
  March 25, 2009