Eaton Vance
Tax-Advantaged Global Dividend Opportunities Fund
January 31, 2024
Portfolio of Investments (Unaudited)
Common Stocks — 102.4% |
Security | Shares | Value | |
Aerospace & Defense — 0.9% | |||
Safran SA | 20,965 | $ 3,914,351 | |
$ 3,914,351 | |||
Air Freight & Logistics — 1.1% | |||
GXO Logistics, Inc.(1) | 88,185 | $ 4,795,500 | |
$ 4,795,500 | |||
Automobiles — 0.4% | |||
Tesla, Inc.(1) | 9,525 | $ 1,783,937 | |
$ 1,783,937 | |||
Banks — 8.4% | |||
Banco Santander SA | 662,346 | $ 2,662,008 | |
Barclays PLC | 2,354,105 | 4,374,697 | |
Citigroup, Inc. | 75,775 | 4,256,282 | |
HDFC Bank Ltd. | 208,835 | 3,672,794 | |
HSBC Holdings PLC | 313,302 | 2,446,169 | |
KBC Group NV | 48,181 | 3,142,923 | |
Skandinaviska Enskilda Banken AB, Class A | 184,454 | 2,619,641 | |
Societe Generale SA | 119,677 | 3,076,300 | |
Swedbank AB, Class A | 152,997 | 3,117,769 | |
Toronto-Dominion Bank | 51,417 | 3,123,379 | |
Truist Financial Corp. | 99,982 | 3,705,333 | |
$ 36,197,295 | |||
Beverages — 0.7% | |||
Diageo PLC | 80,272 | $ 2,899,253 | |
$ 2,899,253 | |||
Biotechnology — 1.2% | |||
CSL Ltd. | 27,014 | $ 5,304,943 | |
$ 5,304,943 | |||
Broadline Retail — 3.4% | |||
Amazon.com, Inc.(1)(2) | 94,561 | $ 14,675,867 | |
$ 14,675,867 | |||
Capital Markets — 0.8% | |||
Intercontinental Exchange, Inc. | 28,009 | $ 3,566,386 | |
$ 3,566,386 |
Security | Shares | Value | |
Commercial Services & Supplies — 0.9% | |||
Waste Management, Inc. | 20,668 | $ 3,836,601 | |
$ 3,836,601 | |||
Consumer Staples Distribution & Retail — 0.7% | |||
Dollar Tree, Inc.(1)(2) | 24,383 | $ 3,184,907 | |
$ 3,184,907 | |||
Diversified Telecommunication Services — 1.1% | |||
Telia Co. AB | 1,311,169 | $ 3,381,730 | |
Zegona Communications PLC(1) | 548,265 | 1,268,763 | |
$ 4,650,493 | |||
Electric Utilities — 2.1% | |||
Enel SpA | 209,153 | $ 1,427,130 | |
Iberdrola SA | 385,657 | 4,643,679 | |
NextEra Energy, Inc. | 54,335 | 3,185,661 | |
$ 9,256,470 | |||
Electrical Equipment — 1.8% | |||
AMETEK, Inc. | 26,932 | $ 4,364,331 | |
Schneider Electric SE | 17,070 | 3,353,401 | |
$ 7,717,732 | |||
Electronic Equipment, Instruments & Components — 3.7% | |||
CDW Corp.(2) | 33,394 | $ 7,571,088 | |
Halma PLC | 140,999 | 3,902,724 | |
Keyence Corp. | 10,313 | 4,614,014 | |
$ 16,087,826 | |||
Entertainment — 1.7% | |||
Walt Disney Co.(2) | 76,384 | $ 7,336,683 | |
$ 7,336,683 | |||
Financial Services — 2.0% | |||
Fidelity National Information Services, Inc. | 50,961 | $ 3,172,832 | |
Visa, Inc., Class A | 19,766 | 5,401,257 | |
$ 8,574,089 | |||
Food Products — 2.1% | |||
Nestle SA | 77,866 | $ 8,872,872 | |
$ 8,872,872 | |||
Gas Utilities — 0.4% | |||
Snam SpA | 333,626 | $ 1,629,411 | |
$ 1,629,411 |
1
Eaton Vance
Tax-Advantaged Global Dividend Opportunities Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Security | Shares | Value | |
Ground Transportation — 1.0% | |||
Union Pacific Corp. | 18,421 | $ 4,493,435 | |
$ 4,493,435 | |||
Health Care Equipment & Supplies — 3.4% | |||
Alcon, Inc. | 39,910 | $ 3,004,225 | |
Boston Scientific Corp.(1)(2) | 75,205 | 4,757,468 | |
Intuitive Surgical, Inc.(1)(2) | 11,798 | 4,462,240 | |
Straumann Holding AG | 15,004 | 2,279,128 | |
$ 14,503,061 | |||
Health Care Providers & Services — 0.8% | |||
UnitedHealth Group, Inc. | 6,365 | $ 3,257,225 | |
$ 3,257,225 | |||
Health Care REITs — 0.7% | |||
Healthpeak Properties, Inc. | 171,276 | $ 3,168,606 | |
$ 3,168,606 | |||
Hotels, Restaurants & Leisure — 3.9% | |||
Amadeus IT Group SA | 64,242 | $ 4,502,103 | |
Compass Group PLC | 330,579 | 9,105,386 | |
InterContinental Hotels Group PLC | 31,838 | 3,016,748 | |
$ 16,624,237 | |||
Household Products — 1.8% | |||
Essity AB, Class B | 78,152 | $ 1,835,266 | |
Reckitt Benckiser Group PLC | 79,948 | 5,780,312 | |
$ 7,615,578 | |||
Industrial Conglomerates — 2.1% | |||
Siemens AG | 49,785 | $ 8,912,702 | |
$ 8,912,702 | |||
Insurance — 4.4% | |||
AIA Group Ltd. | 605,408 | $ 4,747,861 | |
Allstate Corp. | 23,190 | 3,600,248 | |
Assurant, Inc. | 18,146 | 3,047,621 | |
AXA SA | 106,564 | 3,576,854 | |
RenaissanceRe Holdings Ltd. | 17,074 | 3,907,043 | |
$ 18,879,627 | |||
Interactive Media & Services — 4.1% | |||
Alphabet, Inc., Class C(1)(2) | 124,733 | $ 17,687,139 | |
$ 17,687,139 |
Security | Shares | Value | |
IT Services — 1.2% | |||
Accenture PLC, Class A(3) | 14,532 | $ 5,287,904 | |
$ 5,287,904 | |||
Life Sciences Tools & Services — 1.7% | |||
Danaher Corp. | 21,283 | $ 5,106,004 | |
Sartorius AG, PFC Shares | 5,479 | 1,998,753 | |
$ 7,104,757 | |||
Machinery — 1.9% | |||
Ingersoll Rand, Inc. | 42,525 | $ 3,396,046 | |
Kone OYJ, Class B | 36,201 | 1,791,997 | |
Volvo AB, Class B | 132,433 | 3,173,799 | |
$ 8,361,842 | |||
Metals & Mining — 2.2% | |||
Anglo American PLC | 87,195 | $ 2,078,526 | |
Nippon Steel Corp. | 87,493 | 2,105,489 | |
Rio Tinto Ltd. | 34,461 | 2,965,278 | |
thyssenkrupp AG | 382,420 | 2,360,176 | |
$ 9,509,469 | |||
Multi-Utilities — 0.4% | |||
CMS Energy Corp. | 26,930 | $ 1,539,319 | |
$ 1,539,319 | |||
Oil, Gas & Consumable Fuels — 3.5% | |||
ConocoPhillips(2) | 66,636 | $ 7,454,569 | |
EOG Resources, Inc. | 52,255 | 5,946,096 | |
Repsol SA | 118,063 | 1,743,588 | |
$ 15,144,253 | |||
Personal Care Products — 0.2% | |||
Kose Corp. | 15,817 | $ 1,034,790 | |
$ 1,034,790 | |||
Pharmaceuticals — 8.1% | |||
AstraZeneca PLC | 49,329 | $ 6,539,883 | |
Eli Lilly & Co. | 8,836 | 5,704,610 | |
Novo Nordisk AS, Class B | 50,954 | 5,824,266 | |
Sanofi SA | 77,630 | 7,774,298 | |
Takeda Pharmaceutical Co. Ltd. | 68,870 | 2,024,122 | |
Zoetis, Inc. | 38,194 | 7,173,215 | |
$ 35,040,394 |
2
Eaton Vance
Tax-Advantaged Global Dividend Opportunities Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Security | Shares | Value | |
Professional Services — 2.6% | |||
Recruit Holdings Co. Ltd. | 121,568 | $ 4,801,780 | |
RELX PLC | 73,998 | 3,054,198 | |
Verisk Analytics, Inc.(3) | 13,563 | 3,275,871 | |
$ 11,131,849 | |||
Semiconductors & Semiconductor Equipment — 7.2% | |||
ASML Holding NV | 8,001 | $ 6,941,571 | |
Infineon Technologies AG | 141,722 | 5,166,748 | |
Micron Technology, Inc. | 76,240 | 6,537,580 | |
NVIDIA Corp. | 13,100 | 8,060,037 | |
Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 37,452 | 4,230,578 | |
$ 30,936,514 | |||
Software — 9.4% | |||
Adobe, Inc.(1)(2) | 13,441 | $ 8,303,581 | |
Intuit, Inc.(3) | 12,303 | 7,767,253 | |
Microsoft Corp.(2)(3) | 61,917 | 24,616,961 | |
$ 40,687,795 | |||
Specialty Retail — 1.5% | |||
Buckle, Inc. | 48,045 | $ 1,786,794 | |
TJX Cos., Inc. | 50,489 | 4,791,911 | |
$ 6,578,705 | |||
Technology Hardware, Storage & Peripherals — 2.7% | |||
Apple, Inc.(2)(3) | 63,132 | $ 11,641,541 | |
$ 11,641,541 | |||
Textiles, Apparel & Luxury Goods — 0.8% | |||
LVMH Moet Hennessy Louis Vuitton SE | 4,157 | $ 3,458,867 | |
$ 3,458,867 | |||
Tobacco — 1.2% | |||
Imperial Brands PLC | 211,484 | $ 5,076,700 | |
$ 5,076,700 | |||
Trading Companies & Distributors — 2.2% | |||
Ashtead Group PLC | 59,803 | $ 3,910,631 | |
IMCD NV | 37,610 | 5,740,818 | |
$ 9,651,449 | |||
Total Common Stocks (identified cost $334,104,697) | $ 441,612,374 |
Corporate Bonds — 17.1% |
Security | Principal Amount (000's omitted) | Value | |
Banks — 11.2% | |||
Australia & New Zealand Banking Group Ltd., 6.75% to 6/15/26(4)(5)(6) | $ | 240 | $ 242,020 |
Banco Bilbao Vizcaya Argentaria SA, 6.125% to 11/16/27(5)(6) | 1,400 | 1,274,397 | |
Banco Mercantil del Norte SA/Grand Cayman: | |||
7.50% to 6/27/29(4)(5)(6) | 1,480 | 1,411,571 | |
7.625% to 1/10/28(4)(5)(6) | 380 | 371,212 | |
Banco Santander SA, 9.625% to 5/21/33(5)(6) | 2,200 | 2,365,000 | |
Bank of America Corp.: | |||
Series AA, 6.10% to 3/17/25(5)(6) | 1,445 | 1,447,719 | |
Series TT, 6.125% to 4/27/27(5)(6) | 1,682 | 1,679,142 | |
Bank of New York Mellon Corp., Series G, 4.70% to 9/20/25(5)(6) | 1,811 | 1,784,241 | |
Bank of Nova Scotia: | |||
4.90% to 6/4/25(5)(6) | 650 | 620,778 | |
8.00% to 1/27/29, 1/27/84(6) | 477 | 485,749 | |
8.625% to 10/27/27, 10/27/82(6) | 1,525 | 1,581,660 | |
Barclays PLC: | |||
6.125% to 12/15/25(5)(6) | 997 | 946,193 | |
8.00% to 3/15/29(5)(6) | 450 | 436,415 | |
9.625% to 12/15/29(5)(6) | 1,500 | 1,548,664 | |
BBVA Bancomer SA, 8.45% to 6/29/33, 6/29/38(4)(6) | 400 | 417,784 | |
BNP Paribas SA: | |||
4.625% to 2/25/31(4)(5)(6) | 462 | 376,346 | |
7.75% to 8/16/29(4)(5)(6) | 1,825 | 1,847,891 | |
Citigroup, Inc., Series W, 4.00% to 12/10/25(5)(6) | 3,427 | 3,210,915 | |
Discover Bank, 5.974%, 8/9/28 | 475 | 459,160 | |
HSBC Holdings PLC, 4.60% to 12/17/30(5)(6) | 1,735 | 1,443,162 | |
Huntington Bancshares, Inc., Series F, 5.625% to 7/15/30(5)(6) | 1,425 | 1,321,924 | |
ING Groep NV, 6.50% to 4/16/25(5)(6) | 1,834 | 1,794,913 | |
JPMorgan Chase & Co., Series KK, 3.65% to 6/1/26(5)(6) | 2,904 | 2,683,641 | |
Lloyds Banking Group PLC, 7.50% to 6/27/24(5)(6) | 2,447 | 2,425,537 | |
NatWest Group PLC: | |||
4.60% to 6/28/31(5)(6) | 371 | 280,595 | |
8.00% to 8/10/25(5)(6) | 1,880 | 1,888,629 | |
PNC Financial Services Group, Inc., Series V, 6.20% to 9/15/27(5)(6) | 925 | 908,335 | |
Regions Financial Corp., Series D, 5.75% to 6/15/25(5)(6) | 1,350 | 1,327,267 | |
Societe Generale SA: | |||
5.375% to 11/18/30(4)(5)(6) | 1,201 | 984,270 | |
9.375% to 11/22/27(4)(5)(6) | 238 | 247,575 |
3
Eaton Vance
Tax-Advantaged Global Dividend Opportunities Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Banks (continued) | |||
Societe Generale SA: (continued) | |||
10.00% to 11/14/28(4)(5)(6) | $ | 550 | $ 588,168 |
Toronto-Dominion Bank, 8.125% to 10/31/27, 10/31/82(6) | 2,200 | 2,290,484 | |
Truist Financial Corp., Series Q, 5.10% to 3/1/30(5)(6) | 1,239 | 1,149,056 | |
UBS Group AG: | |||
6.875% to 8/7/25(5)(6)(7) | 1,506 | 1,492,393 | |
9.25% to 11/13/33(4)(5)(6) | 400 | 436,764 | |
UniCredit SpA, 7.296% to 4/2/29, 4/2/34(4)(6) | 1,385 | 1,433,220 | |
Wells Fargo & Co., Series BB, 3.90% to 3/15/26(5)(6) | 3,454 | 3,238,543 | |
$ 48,441,333 | |||
Capital Markets — 0.6% | |||
AerCap Holdings NV, 5.875% to 10/10/24, 10/10/79(6) | $ | 155 | $ 154,048 |
Charles Schwab Corp., Series I, 4.00% to 6/1/26(5)(6) | 2,512 | 2,285,974 | |
$ 2,440,022 | |||
Diversified Financial Services — 1.1% | |||
Air Lease Corp., Series B, 4.65% to 6/15/26(5)(6) | $ | 985 | $ 913,081 |
Ally Financial, Inc., 6.70%, 2/14/33 | 475 | 477,118 | |
American AgCredit Corp., Series A, 5.25% to 6/15/26(4)(5)(6) | 1,901 | 1,786,940 | |
Goldman Sachs Group, Inc.: | |||
Series V, 4.125% to 11/10/26(5)(6) | 373 | 339,818 | |
Series W, 7.50% to 2/10/29(5)(6) | 975 | 1,026,547 | |
$ 4,543,504 | |||
Electric Utilities — 0.8% | |||
Dominion Energy, Inc., Series C, 4.35% to 1/15/27(5)(6) | $ | 700 | $ 635,580 |
Edison International, Series B, 5.00% to 12/15/26(5)(6) | 168 | 160,061 | |
Emera, Inc., Series 16-A, 6.75% to 6/15/26, 6/15/76(6) | 970 | 954,139 | |
Southern California Edison Co., Series E, 9.767%, (3 mo. SOFR + 4.461%)(5)(8) | 720 | 724,508 | |
Southern Co., Series B, 4.00% to 10/15/25, 1/15/51(6) | 990 | 953,540 | |
$ 3,427,828 | |||
Food Products — 0.4% | |||
Land O' Lakes, Inc., 8.00%(4)(5) | $ | 2,085 | $ 1,855,650 |
$ 1,855,650 | |||
Independent Power and Renewable Electricity Producers — 0.2% | |||
Algonquin Power & Utilities Corp., 4.75% to 1/18/27, 1/18/82(6) | $ | 1,039 | $ 899,798 |
$ 899,798 |
Security | Principal Amount (000's omitted) | Value | |
Insurance — 1.7% | |||
Allianz SE, 3.50% to 11/17/25(4)(5)(6) | $ | 1,200 | $ 1,089,361 |
Corebridge Financial, Inc., 6.875% to 9/15/27, 12/15/52(6) | 1,375 | 1,380,452 | |
Liberty Mutual Group, Inc., 4.125% to 9/15/26, 12/15/51(4)(6) | 2,462 | 2,161,915 | |
Prudential Financial, Inc., 5.125% to 11/28/31, 3/1/52(6) | 546 | 510,402 | |
QBE Insurance Group Ltd., 5.875% to 5/12/25(4)(5)(6) | 2,316 | 2,285,953 | |
$ 7,428,083 | |||
Oil and Gas — 0.2% | |||
Petroleos Mexicanos, 6.50%, 3/13/27 | $ | 1,025 | $ 961,823 |
$ 961,823 | |||
Pipelines — 0.6% | |||
Enbridge, Inc., Series NC5, 8.25% to 10/15/28, 1/15/84(6) | $ | 2,218 | $ 2,301,373 |
$ 2,301,373 | |||
Telecommunications — 0.3% | |||
Rogers Communications, Inc., 5.25% to 3/15/27, 3/15/82(4)(6) | $ | 1,475 | $ 1,408,338 |
$ 1,408,338 | |||
Total Corporate Bonds (identified cost $74,230,993) | $ 73,707,752 |
Exchange-Traded Funds — 1.1% |
Security | Shares | Value | |
Equity Funds — 1.1% | |||
Global X U.S. Preferred ETF | 70,816 | $ 1,423,402 | |
iShares Preferred & Income Securities ETF | 98,518 | 3,158,487 | |
Total Exchange-Traded Funds (identified cost $4,602,005) | $ 4,581,889 |
Preferred Stocks — 1.8% |
Security | Shares | Value | |
Banks — 0.0%(9) | |||
Farm Credit Bank of Texas, 9.656%(4)(8) | 1,501 | $ 152,164 | |
$ 152,164 |
4
Eaton Vance
Tax-Advantaged Global Dividend Opportunities Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Security | Shares | Value | |
Capital Markets — 0.4% | |||
Affiliated Managers Group, Inc., 4.75% | 86,433 | $ 1,656,056 | |
$ 1,656,056 | |||
Electric Utilities — 0.3% | |||
SCE Trust III, Series H, 5.75% to 3/15/24(6) | 32,549 | $ 811,121 | |
SCE Trust IV, Series J, 5.375% to 9/15/25(6) | 4,932 | 112,598 | |
SCE Trust V, Series K, 5.45% to 3/15/26(6) | 27,041 | 652,499 | |
$ 1,576,218 | |||
Insurance — 0.5% | |||
American Equity Investment Life Holding Co., Series B, 6.625% to 9/1/25(6) | 38,435 | $ 968,178 | |
Athene Holding Ltd., Series C, 6.375% to 6/30/25(6) | 44,210 | 1,102,597 | |
$ 2,070,775 | |||
Oil, Gas & Consumable Fuels — 0.1% | |||
NuStar Energy LP, Series B, 11.282%, (3 mo. SOFR + 5.905%)(8) | 17,654 | $ 453,708 | |
$ 453,708 | |||
Real Estate Management & Development — 0.2% | |||
Brookfield Property Partners LP: | |||
Series A, 5.75% | 4,821 | $ 55,875 | |
Series A-1, 6.50% | 49,746 | 666,099 | |
Series A2, 6.375% | 11,129 | 141,338 | |
$ 863,312 | |||
Wireless Telecommunication Services — 0.3% | |||
U.S. Cellular Corp., 5.50% | 67,525 | $ 1,249,888 | |
$ 1,249,888 | |||
Total Preferred Stocks (identified cost $9,124,237) | $ 8,022,121 |
Short-Term Investments — 1.7% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.21%(10) | 7,438,374 | $ 7,438,374 | |
Total Short-Term Investments (identified cost $7,438,374) | $ 7,438,374 | ||
Total Investments — 124.1%(11) (identified cost $429,500,306) | $ 535,362,510 | ||
Other Assets, Less Liabilities — (24.1)% | $(104,092,162) | ||
Net Assets — 100.0% | $ 431,270,348 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | All or a portion of this security was on loan at January 31, 2024 pursuant to the Liquidity Agreement. The aggregate market value of securities on loan at January 31, 2024 was $83,558,785 and the total market value of the collateral received by State Street Bank and Trust Company was $87,486,368 comprised of cash. |
(3) | Security (or a portion thereof) has been pledged to cover margin requirements on open futures contracts. |
(4) | 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 January 31, 2024, the aggregate value of these securities is $19,097,142 or 4.4% of the Fund's net assets. |
(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 January 31, 2024, the aggregate value of these securities is $1,492,393 or 0.3% of the Fund's net assets. |
(8) | Variable rate security. The stated interest rate represents the rate in effect at January 31, 2024. |
(9) | Amount is less than 0.05%. |
(10) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of January 31, 2024. |
(11) | The Fund has granted a security interest in all the Fund’s investments, unless otherwise pledged, in connection with the Liquidity Agreement. |
5
Eaton Vance
Tax-Advantaged Global Dividend Opportunities Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Country Concentration of Portfolio | ||
Country | Percentage of Total Investments | Value |
United States | 57.7% | $308,887,477 |
United Kingdom | 11.3 | 60,344,659 |
Germany | 3.7 | 19,527,740 |
France | 3.4 | 18,070,622 |
Spain | 3.2 | 17,190,775 |
Japan | 2.7 | 14,580,195 |
Netherlands | 2.7 | 14,477,302 |
Sweden | 2.6 | 14,128,205 |
Canada | 2.6 | 13,665,698 |
Switzerland | 1.3 | 7,212,510 |
Denmark | 1.1 | 5,824,266 |
Australia | 1.0 | 5,493,251 |
Hong Kong | 0.9 | 4,747,861 |
Italy | 0.8 | 4,489,761 |
Taiwan | 0.8 | 4,230,578 |
Bermuda | 0.7 | 3,907,043 |
India | 0.7 | 3,672,794 |
Mexico | 0.6 | 3,162,390 |
Belgium | 0.6 | 3,142,923 |
South Africa | 0.4 | 2,078,526 |
Finland | 0.3 | 1,791,997 |
Ireland | 0.0(1) | 154,048 |
Exchange-Traded Funds | 0.9 | 4,581,889 |
Total Investments | 100.0% | $535,362,510 |
(1) | Amount is less than 0.05%. |
Futures Contracts | |||||
Description | Number of Contracts | Position | Expiration Date | Notional Amount | Value/Unrealized Appreciation (Depreciation) |
Equity Futures | |||||
E-Mini S&P 500 Index | 82 | Long | 3/15/24 | $ 19,969,050 | $ 140,922 |
STOXX Europe 600 Index | (765) | Short | 3/15/24 | (20,122,746) | (228,386) |
$(87,464) |
Abbreviations: | |
ADR | – American Depositary Receipt |
PFC Shares | – Preference Shares |
REITs | – Real Estate Investment Trusts |
SOFR | – Secured Overnight Financing Rate |
At January 31, 2024, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
6
Eaton Vance
Tax-Advantaged Global Dividend Opportunities Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
The Fund is subject to equity price risk in the normal course of pursuing its investment objective. 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.
Affiliated Investments
At January 31, 2024, the value of the Fund's investment in funds that may be deemed to be affiliated was $7,438,374, which represents 1.7% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended January 31, 2024 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 | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund, Institutional Class(1) | $8,468,789 | $35,464,413 | $(36,494,828) | $ — | $ — | $7,438,374 | $59,370 | 7,438,374 |
(1) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
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 January 31, 2024, the hierarchy of inputs used in valuing the Fund's investments and open derivative instruments, which are carried at fair value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks: | ||||
Communication Services | $ 25,023,822 | $ 4,650,493 | $ — | $ 29,674,315 |
Consumer Discretionary | 23,038,509 | 20,083,104 | — | 43,121,613 |
Consumer Staples | 3,184,907 | 25,499,193 | — | 28,684,100 |
Energy | 13,400,665 | 1,743,588 | — | 15,144,253 |
Financials | 33,780,381 | 33,437,016 | — | 67,217,397 |
Health Care | 30,460,762 | 34,749,618 | — | 65,210,380 |
Industrials | 24,161,784 | 38,653,677 | — | 62,815,461 |
Information Technology | 84,016,523 | 20,625,057 | — | 104,641,580 |
Materials | — | 9,509,469 | — | 9,509,469 |
Real Estate | 3,168,606 | — | — | 3,168,606 |
Utilities | 4,724,980 | 7,700,220 | — | 12,425,200 |
Total Common Stocks | $244,960,939 | $196,651,435* | $ — | $441,612,374 |
Corporate Bonds | $ — | $ 73,707,752 | $ — | $ 73,707,752 |
Exchange-Traded Funds | 4,581,889 | — | — | 4,581,889 |
Preferred Stocks: | ||||
Communication Services | 1,249,888 | — | — | 1,249,888 |
Energy | 453,708 | — | — | 453,708 |
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Eaton Vance
Tax-Advantaged Global Dividend Opportunities Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued
Asset Description (continued) | Level 1 | Level 2 | Level 3 | Total |
Financials | $ 3,726,831 | $ 152,164 | $ — | $ 3,878,995 |
Real Estate | 863,312 | — | — | 863,312 |
Utilities | 1,576,218 | — | — | 1,576,218 |
Total Preferred Stocks | $ 7,869,957 | $ 152,164 | $ — | $ 8,022,121 |
Short-Term Investments | $ 7,438,374 | $ — | $ — | $ 7,438,374 |
Total Investments | $264,851,159 | $270,511,351 | $ — | $535,362,510 |
Futures Contracts | $ 140,922 | $ — | $ — | $ 140,922 |
Total | $264,992,081 | $270,511,351 | $ — | $535,503,432 |
Liability Description | ||||
Futures Contracts | $ (228,386) | $ — | $ — | $ (228,386) |
Total | $ (228,386) | $ — | $ — | $ (228,386) |
* | 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. |
For information on the Fund’s policy regarding the 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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