UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

 

 

 

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811- 21470

 

Eaton Vance Tax Advantaged Global Dividend Income Fund

(Exact name of registrant as specified in charter)

The Eaton Vance Building, 255 State Street,
Boston, Massachusetts

 

02109

(Address of principal executive offices)

 

(Zip code)

 

 

 

Alan R. Dynner, Esq.
Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109

(Name and address of agent for service)

 

Registrant's telephone number, including area code:

(617) 482-8260

 

 

Date of fiscal year end:

December 31

 

 

Date of reporting period:

March 31, 2005

 

 



 

Item 1. Schedule of Investments

 



 

Eaton Vance Tax-Advantaged Global Dividend Income Fund

as of March 31, 2005

PORTFOLIO OF INVESTMENTS (Unaudited)

 

Common Stocks — 115.9%

 

 

 

 

 

 

 

 

 

 

 

Security

 

Shares

 

Value

 

Appliances — 0.4%

 

 

 

 

 

Electrolux AB (1)

 

250,000

 

$

5,840,337

 

 

 

 

 

$

5,840,337

 

 

 

 

 

 

 

Beverages — 1.7%

 

 

 

 

 

Diageo PLC (1)

 

2,000,000

 

28,216,626

 

 

 

 

 

$

28,216,626

 

 

 

 

 

 

 

Building Materials — 0.7%

 

 

 

 

 

Stanley Works

 

250,000

 

11,317,500

 

 

 

 

 

$

11,317,500

 

 

 

 

 

 

 

Chemicals — 3.4%

 

 

 

 

 

Dow Chemical Co. (The)

 

700,000

 

34,895,000

 

Lyondell Chemical Co.

 

750,000

 

20,940,000

 

 

 

 

 

$

55,835,000

 

 

 

 

 

 

 

Coal — 1.4%

 

 

 

 

 

Fording Canadian Coal Trust (1)

 

250,000

 

22,970,000

 

 

 

 

 

$

22,970,000

 

 

 

 

 

 

 

Commercial Banks — 17.7%

 

 

 

 

 

Bank of America Corp.

 

1,000,000

 

44,100,000

 

HBOS PLC (1)

 

3,675,000

 

57,288,574

 

HSBC Holdings PLC (1)

 

1,000,000

 

15,819,544

 

Lloyds TSB Group PLC (1)

 

4,700,000

 

42,292,231

 

Royal Bank of Scotland Group PLC (1)

 

1,600,000

 

50,899,681

 

SunTrust Banks, Inc.

 

450,000

 

32,431,500

 

Wachovia Corp.

 

300,000

 

15,273,000

 

Wells Fargo & Co.

 

525,000

 

31,395,000

 

 

 

 

 

$

289,499,530

 

 

 

 

 

 

 

Distributors — 1.1%

 

 

 

 

 

Genuine Parts Co.

 

400,000

 

17,396,000

 

 

 

 

 

$

17,396,000

 

 

 

 

 

 

 

Diversified Telecommunication Services — 14.0%

 

 

 

 

 

Alltel Corp.

 

100,000

 

5,485,000

 

BCE, Inc. (1)

 

1,200,000

 

29,988,000

 

Belgacom SA (1) (2)

 

200,000

 

8,287,109

 

BellSouth Corp.

 

1,550,000

 

40,749,500

 

BT Group PLC (1)

 

4,000,000

 

15,500,011

 

Koninklijke (Royal) KPN NV (1)

 

2,700,000

 

24,226,277

 

PanAmSat Holding Corp.

 

438,009

 

7,446,153

 

 

1



 

Sprint Corp. (FON Group)

 

300,000

 

$

6,825,000

 

TDC A/S (1)

 

450,000

 

18,974,926

 

Telecom Corporation of New Zealand, Ltd. (1)

 

5,500,000

 

23,806,400

 

Telefonos de Mexico SA ADR (1)

 

400,000

 

13,812,000

 

Telstra Corp. Ltd. (1)

 

9,000,000

 

35,451,892

 

 

 

 

 

$

230,552,268

 

 

 

 

 

 

 

Electrical Equipment — 1.4%

 

 

 

 

 

Emerson Electric Co.

 

350,000

 

22,725,500

 

 

 

 

 

$

22,725,500

 

 

 

 

 

 

 

Electrical/Electronic Manufacturer — 1.0%

 

 

 

 

 

Cooper Industries Ltd., Class A (1)

 

225,000

 

16,092,000

 

 

 

 

 

$

16,092,000

 

 

 

 

 

 

 

Engineering and Construction — 1.0%

 

 

 

 

 

Bouygues SA (1)

 

415,000

 

16,493,407

 

 

 

 

 

$

16,493,407

 

 

 

 

 

 

 

Financial Services — 1.5%

 

 

 

 

 

Citigroup, Inc.

 

550,000

 

24,717,000

 

 

 

 

 

$

24,717,000

 

 

 

 

 

 

 

Food Products — 1.3%

 

 

 

 

 

General Mills, Inc.

 

250,000

 

12,287,500

 

Nestle SA (1)

 

35,000

 

9,624,484

 

 

 

 

 

$

21,911,984

 

 

 

 

 

 

 

Healthcare Products — 0.3%

 

 

 

 

 

Bristol-Myers Squibb Co.

 

200,000

 

5,092,000

 

 

 

 

 

$

5,092,000

 

 

 

 

 

 

 

Industrial Conglomerates — 1.1%

 

 

 

 

 

General Electric Co.

 

500,000

 

18,030,000

 

 

 

 

 

$

18,030,000

 

 

 

 

 

 

 

Insurance — 1.6%

 

 

 

 

 

Fidelity National Financial, Inc.

 

150,000

 

4,941,000

 

Montpelier Re Holdings, Ltd. (1)

 

225,000

 

7,908,750

 

XL Capital Ltd., Class A (1)

 

175,000

 

12,664,750

 

 

 

 

 

$

25,514,500

 

 

 

 

 

 

 

Lodging and Gaming — 1.7%

 

 

 

 

 

Harrah’s Entertainment, Inc.

 

150,000

 

9,687,000

 

Lottomatica SPA (1)

 

500,000

 

18,144,792

 

 

 

 

 

$

27,831,792

 

 

 

 

 

 

 

Machinery — 1.4%

 

 

 

 

 

Caterpillar, Inc.

 

250,000

 

22,860,000

 

 

 

 

 

$

22,860,000

 

 

 

 

 

 

 

Multimedia — 0.7%

 

 

 

 

 

Publishing and Broadcasting Ltd. (1)

 

1,000,000

 

11,900,713

 

 

 

 

 

$

11,900,713

 

 

2



 

Oil and Gas — 13.7%

 

 

 

 

 

BP PLC ADR

 

900,000

 

$

56,160,000

 

ChevronTexaco Corp.

 

500,000

 

29,155,000

 

Kerr-McGee Corp.

 

225,000

 

17,624,250

 

Marathon Oil Corp.

 

550,000

 

25,806,000

 

Statoil ASA (1)

 

2,200,000

 

37,621,663

 

Total SA ADR

 

500,000

 

58,615,000

 

 

 

 

 

$

224,981,913

 

 

 

 

 

 

 

Paper and Forest Products — 0.4%

 

 

 

 

 

Stora Enso Oyj, Class R (1)

 

500,000

 

7,024,105

 

 

 

 

 

$

7,024,105

 

 

 

 

 

 

 

Pharmaceuticals — 1.4%

 

 

 

 

 

GlaxoSmithKline PLC (1)

 

1,000,000

 

22,937,902

 

 

 

 

 

$

22,937,902

 

 

 

 

 

 

 

REITS — 7.5%

 

 

 

 

 

AMB Property Corp.

 

50,000

 

1,890,000

 

AvalonBay Communities, Inc.

 

250,000

 

16,722,500

 

Boston Properties, Inc.

 

200,000

 

12,046,000

 

Camden Property Trust

 

9,000

 

423,270

 

Developers Diversified Realty Corp.

 

375,000

 

14,906,250

 

Essex Property Trust, Inc.

 

12,000

 

827,280

 

Kimco Realty Corp.

 

100,000

 

5,390,000

 

Pan Pacific Retail Properties, Inc.

 

95,000

 

5,391,250

 

Public Storage, Inc.

 

300,000

 

17,082,000

 

Rayonier, Inc.

 

200,000

 

9,906,000

 

Shurgard Storage Centers, Inc.

 

24,267

 

994,462

 

Simon Property Group, Inc.

 

300,000

 

18,174,000

 

SL Green Realty Corp.

 

250,000

 

14,055,000

 

Weingarten Realty Investors

 

133,000

 

4,589,830

 

 

 

 

 

$

122,397,842

 

 

 

 

 

 

 

Retail - General — 1.5%

 

 

 

 

 

May Department Stores Co. (The)

 

650,000

 

24,063,000

 

 

 

 

 

$

24,063,000

 

 

 

 

 

 

 

Tobacco — 3.4%

 

 

 

 

 

Altria Group, Inc.

 

850,000

 

55,581,500

 

 

 

 

 

$

55,581,500

 

 

 

 

 

 

 

Utilities - Electrical and Gas — 30.1%

 

 

 

 

 

Ameren Corp.

 

268,000

 

13,134,680

 

American Electric Power Co., Inc.

 

450,000

 

15,327,000

 

Dominion Resources, Inc.

 

650,000

 

48,379,500

 

DTE Energy Co.

 

645,800

 

29,370,984

 

E.ON AG (1)

 

500,000

 

43,149,383

 

Edison International

 

650,000

 

22,568,000

 

Enel SPA (1)

 

4,804,200

 

46,099,877

 

Entergy Corp.

 

500,000

 

35,330,000

 

Exelon Corp.

 

660,000

 

30,287,400

 

Fortum Oyj (1)

 

750,000

 

14,642,523

 

 

3



 

FPL Group, Inc.

 

700,000

 

$

28,105,000

 

National Grid Transco PLC (1)

 

5,000,000

 

46,354,609

 

RWE AG (1)

 

750,000

 

45,484,700

 

Scottish and Southern Energy PLC (1)

 

2,500,000

 

41,635,782

 

Scottish Power PLC (1)

 

2,300,000

 

17,792,717

 

Southern Co. (The)

 

500,000

 

15,915,000

 

 

 

 

 

$

493,577,155

 

 

 

 

 

 

 

Water Utilities — 3.8%

 

 

 

 

 

Pennon Group PLC (1)

 

315,000

 

5,810,326

 

United Utilities PLC (1)

 

2,300,000

 

27,393,877

 

Veolia Environment (1)

 

813,234

 

28,903,092

 

 

 

 

 

$

62,107,295

 

 

 

 

 

 

 

Wireless Equipment — 0.7%

 

 

 

 

 

Nokia Oyj ADR (1)

 

750,000

 

11,572,500

 

 

 

 

 

$

11,572,500

 

 

 

 

 

 

 

Total Common Stocks
(identified cost $1,684,194,465)

 

 

 

$

1,899,039,369

 

 

Preferred Stocks — 26.7%

 

Security

 

Shares

 

Value

 

Commercial Banks — 14.2%

 

 

 

 

 

Abbey National PLC, 7.375% (1)

 

395,000

 

$

10,349,000

 

ABN AMRO Capital Funding Trust VII, 6.08% (1)

 

505,000

 

12,337,150

 

Banco Santander, 6.41% (1) (3)

 

908,600

 

23,214,730

 

Barclays Bank PLC, 8.55% (1) (3) (4) (5)

 

218,600

 

26,405,219

 

BNP Paribas Capital Trust, 9.003% (1) (3) (4) (5)

 

150,000

 

18,339,015

 

CA Preferred Fund Trust II, 7.00% (1) (4)

 

50,000

 

5,203,615

 

CA Preferred Fund Trust, 7.00% (1) (4)

 

250,000

 

25,887,700

 

Den Norske Bank, 7.729% (1) (3) (4)

 

50,000

 

5,841,365

 

HSBC Capital Funding LP, 9.547% (1) (3) (4) (5)

 

210,000

 

25,856,544

 

Lloyds TSB Bank PLC, 6.90% (1) (4)

 

220,000

 

22,730,180

 

Nordbanken AB, 8.95% (1) (3) (4) (5)

 

15,700

 

1,879,447

 

Royal Bank of Scotland Group PLC, 9.118% (1) (4)

 

235,750

 

28,966,272

 

UBS Preferred Funding Trust I, 8.622% (1) (4)

 

150,000

 

18,355,980

 

UBS Preferred Funding Trust III, 7.25% (1)

 

253,500

 

6,514,950

 

 

 

 

 

$

231,881,167

 

 

 

 

 

 

 

Financial Services — 4.0%

 

 

 

 

 

BBVA Preferred Capital Ltd., 7.75% (1)

 

372,500

 

9,536,000

 

Fannie Mae, Series I, 5.375%

 

150,000

 

6,697,500

 

Fannie Mae, Series M, 4.75%

 

100,000

 

3,980,000

 

Freddie Mac, Series F, 5.00%

 

150,000

 

6,165,000

 

Lehman Brothers Holdings, Inc., 6.50%

 

601,800

 

15,827,340

 

Prudential PLC, 6.50% (1) (4)

 

230,000

 

22,485,145

 

 

 

 

 

$

64,690,985

 

 

 

 

 

 

 

Food Products — 1.4%

 

 

 

 

 

Dairy Farmers of America, 7.875% (3)

 

222,480

 

23,388,210

 

 

 

 

 

$

23,388,210

 

 

4



 

Insurance — 6.0%

 

 

 

 

 

Ace Ltd., 7.80% (1)

 

655,700

 

$

17,054,757

 

AXA, 7.10% (1) (4)

 

225,000

 

23,418,473

 

ING Capital Funding Trust III, 8.439% (1) (4)

 

170,000

 

20,284,247

 

ING Groep NV, 7.05% (1)

 

222,300

 

5,704,218

 

ING Groep NV, 7.20% (1)

 

330,000

 

8,527,200

 

RenaissanceRe Holdings Ltd., 6.08% (1)

 

441,000

 

10,407,600

 

XL Capital Ltd., Series A, 8.00% (1)

 

50,000

 

1,320,000

 

Zurich Regcaps Fund Trust VI, 3.51% (1) (3) (5)

 

12,500

 

12,222,656

 

 

 

 

 

$

98,939,151

 

 

 

 

 

 

 

Utilities - Electrical and Gas — 1.1%

 

 

 

 

 

Duquesne Light, 6.50%

 

325,000

 

17,527,250

 

 

 

 

 

$

17,527,250

 

 

 

 

 

 

 

Total Preferred Stocks
(identified cost $440,712,875)

 

 

 

$

436,426,763

 

 

Commercial Paper — 0.9%

 

Security

 

Principal
Amount
(000’s omitted)

 

Value

 

General Electric Co., 2.83%, 4/1/05

 

$

14,339

 

$

14,339,000

 

 

 

 

 

 

 

Total Commercial Paper
(at amortized cost, $14,339,000)

 

 

 

$

14,339,000

 

 

Short-Term Investments — 0.2%

 

Security

 

Principal
Amount
(000’s omitted)

 

Value

 

Investors Bank and Trust Company Time Deposit, 2.85%, 4/1/05

 

$

3,121

 

$

3,121,000

 

 

 

 

 

 

 

Total Short-Term Investments
(at amortized cost, $3,121,000)

 

 

 

$

3,121,000

 

 

 

 

 

 

 

Total Investments — 143.7%
(identified cost $2,142,367,340)

 

 

 

$

2,352,926,132

 

 

 

 

 

 

 

Other Assets, Less Liabilities — 2.1%

 

 

 

$

35,059,679

 

 

 

 

 

 

 

Auction Preferred Shares Plus
Cumulative Unpaid
Dividends — (45.8)%

 

 

 

$

(750,097,056

)

 

 

 

 

 

 

Net Assets — 100.0%

 

 

 

$

1,637,888,755

 

 


 

ADR

-

 

American Depository Receipt

 

 

 

 

(1)

 

 

Foreign security.

 

 

 

 

(2)

 

 

Non-income producing security.

 

 

 

 

(3)

 

 

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 March 31, 2005, the aggregate value of the securities is $137,147,186 or 8.4% of the Fund’s net assets.

 

 

 

 

(4)

 

 

Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.

 

 

 

 

(5)

 

 

Variable rate security. The stated interest rate represents the rate in effect at March 31, 2005.

 

5



 

Eaton Vance Tax—Advantaged Global Dividend Income Fund

as of March 31, 2005

PORTFOLIO OF INVESTMENTS (Unaudited)

 

Country Concentration of Portfolio

 

 

 

Percentage of

 

 

 

Country

 

Total Investments

 

Value

 

United States

 

47.3

%

1,111,829,422

 

United Kingdom

 

22.9

%

539,037,694

 

France

 

5.4

%

127,429,972

 

Germany

 

3.8

%

88,634,083

 

Italy

 

2.7

%

64,244,669

 

Canada

 

2.3

%

52,958,000

 

Australia

 

2.0

%

47,352,606

 

Norway

 

1.8

%

43,463,028

 

Cayman Islands

 

1.7

%

40,575,507

 

Netherlands

 

1.6

%

38,457,695

 

Bermuda

 

1.5

%

34,408,350

 

Finland

 

1.4

%

33,239,129

 

Jersey, C.I.

 

1.1

%

25,856,544

 

New Zealand

 

1.0

%

23,806,400

 

Spain

 

1.0

%

23,214,730

 

Denmark

 

0.8

%

18,974,926

 

Mexico

 

0.6

%

13,812,000

 

Switzerland

 

0.4

%

9,624,484

 

Belgium

 

0.4

%

8,287,109

 

Sweden

 

0.3

%

7,719,784

 

 

 

100.0

%

$

2,352,926,132

 

 

6



 

The Fund did not have any open financial instruments at March 31, 2005.

 

The cost and unrealized appreciation (depreciation) in value of investments owned by the Fund at March 31, 2005, as computed on a federal income tax basis, were as follows:

 

Aggregate cost

 

$

2,142,367,340

 

Gross unrealized appreciation

 

$

239,055,452

 

Gross unrealized depreciation

 

(28,496,660

)

Net unrealized appreciation

 

$

210,558,792

 

 

7



 

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.

 



 

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 and Principal Executive Officer

 

 

Date:

May 26, 2005

 

 

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 and Principal Executive Officer

 

 

Date:

May 26, 2005

 

 

 

By:

/s/ James L. O’Connor

 

 

James L. O’Connor

 

Treasurer and Principal Financial Officer

 

 

Date:

May 26, 2005