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:

September 30, 2004

 

 



 

Item 1. Schedule of Investments

 



Eaton Vance Tax-Advantaged Global Dividend Income Fund

 

as of September 30, 2004

PORTFOLIO OF INVESTMENTS (Unaudited)

 

 

 

Common Stocks — 117.4%

 

Security

 

Shares

 

Value

 

Apparel — 0.5%

 

 

 

 

 

VF Corp.

 

150,000

 

$

7,417,500

 

 

 

 

 

$

7,417,500

 

 

 

 

 

 

 

Appliances — 0.6%

 

 

 

 

 

Whirlpool Corp.

 

150,000

 

9,013,500

 

 

 

 

 

$

9,013,500

 

 

 

 

 

 

 

Applications Software — 1.5%

 

 

 

 

 

Microsoft Corp.

 

800,000

 

22,120,000

 

 

 

 

 

$

22,120,000

 

 

 

 

 

 

 

Beverages — 2.3%

 

 

 

 

 

Diageo PLC (1)

 

2,750,000

 

34,338,485

 

 

 

 

 

$

34,338,485

 

 

 

 

 

 

 

Building Materials — 0.8%

 

 

 

 

 

Snap-On, Inc.

 

25,000

 

689,000

 

Stanley Works

 

250,000

 

10,632,500

 

 

 

 

 

$

11,321,500

 

 

 

 

 

 

 

Chemicals — 3.4%

 

 

 

 

 

Dow Chemical Co. (The)

 

700,000

 

31,626,000

 

Eastman Chemical Co.

 

50,000

 

2,377,500

 

Lyondell Chemical Co.

 

750,000

 

16,845,000

 

 

 

 

 

$

50,848,500

 

 

 

 

 

 

 

Coal — 0.3%

 

 

 

 

 

Fording Canadian Coal Trust (1)

 

60,000

 

3,358,200

 

Peabody Energy Corp.

 

15,000

 

892,500

 

 

 

 

 

$

4,250,700

 

 

 

 

 

 

 

Commercial Banks — 15.1%

 

 

 

 

 

Bank of America Corp.

 

1,000,000

 

43,330,000

 

Bank of Nova Scotia (1)

 

1,000,000

 

29,250,000

 

Canadian Imperial Bank of Commerce (1)

 

550,000

 

29,408,953

 

HSBC Holdings PLC (1)

 

2,000,000

 

31,762,644

 

National City Corp.

 

350,000

 

13,517,000

 

North Fork Bancorporation, Inc.

 

250,000

 

11,112,500

 

TCF Financial Corp.

 

300,000

 

9,087,000

 

Wachovia Corp.

 

800,000

 

37,560,000

 

Wells Fargo & Co.

 

350,000

 

20,870,500

 

 

 

 

 

$

225,898,597

 

 

1



 

Computers and Business Equipment — 0.3%

 

 

 

 

 

Pitney Bowes, Inc.

 

100,000

 

$

4,410,000

 

 

 

 

 

$

4,410,000

 

 

 

 

 

 

 

Distributors — 1.0%

 

 

 

 

 

Genuine Parts Co.

 

400,000

 

15,352,000

 

 

 

 

 

$

15,352,000

 

 

 

 

 

 

 

Diversified Telecommunication Services — 15.2%

 

 

 

 

 

BCE, Inc. (1)

 

1,200,000

 

25,980,000

 

BellSouth Corp.

 

1,550,000

 

42,036,000

 

BT Group PLC (1)

 

7,000,000

 

22,800,925

 

Citizens Communications Co.

 

1,515,300

 

20,289,867

 

SBC Communications, Inc.

 

1,850,000

 

48,007,500

 

Sprint Corp. (FON Group)

 

300,000

 

6,039,000

 

Telstra Corp. Ltd. (1)

 

4,500,000

 

15,149,722

 

Verizon Communications, Inc.

 

1,200,000

 

47,256,000

 

 

 

 

 

$

227,559,014

 

 

 

 

 

 

 

Electrical Equipment — 1.4%

 

 

 

 

 

Emerson Electric Co.

 

350,000

 

21,661,500

 

 

 

 

 

$

21,661,500

 

 

 

 

 

 

 

Electrical/Electronic Manufacturer — 1.1%

 

 

 

 

 

Cooper Industries Ltd., Class A (1)

 

225,000

 

13,275,000

 

Hubbell, Inc.

 

80,000

 

3,586,400

 

 

 

 

 

$

16,861,400

 

 

 

 

 

 

 

Engineering and Construction — 0.4%

 

 

 

 

 

Bouygues SA (1)

 

150,000

 

5,641,917

 

 

 

 

 

$

5,641,917

 

 

 

 

 

 

 

Financial Services — 2.2%

 

 

 

 

 

Citigroup, Inc.

 

350,000

 

15,442,000

 

J.P.Morgan Chase & Co.

 

450,000

 

17,878,500

 

 

 

 

 

$

33,320,500

 

 

 

 

 

 

 

Food Products — 0.8%

 

 

 

 

 

Sara Lee Corp.

 

500,000

 

11,430,000

 

 

 

 

 

$

11,430,000

 

 

 

 

 

 

 

Household Products — 0.8%

 

 

 

 

 

Kimberly-Clark Corp.

 

150,000

 

9,688,500

 

PPG Industries, Inc.

 

50,000

 

3,064,000

 

 

 

 

 

$

12,752,500

 

 

 

 

 

 

 

Industrial Conglomerates — 0.9%

 

 

 

 

 

General Electric Co.

 

400,000

 

13,432,000

 

 

 

 

 

$

13,432,000

 

 

 

 

 

 

 

Insurance — 1.6%

 

 

 

 

 

XL Capital Ltd., Class A (1)

 

325,000

 

24,046,750

 

 

 

 

 

$

24,046,750

 

 

2



 

Lodging and Gaming — 0.5%

 

 

 

 

 

Harrah’s Entertainment, Inc.

 

150,000

 

$

7,947,000

 

 

 

 

 

$

7,947,000

 

 

 

 

 

 

 

Machinery — 1.3%

 

 

 

 

 

Caterpillar, Inc.

 

250,000

 

20,112,500

 

 

 

 

 

$

20,112,500

 

 

 

 

 

 

 

Oil and Gas — 12.2%

 

 

 

 

 

Amerada Hess Corp.

 

145,000

 

12,905,000

 

BP PLC ADR (1)

 

750,000

 

43,147,500

 

Centrica PLC (1)

 

4,999,990

 

22,745,464

 

ChevronTexaco Corp.

 

700,000

 

37,548,000

 

Exxon Mobil Corp.

 

275,000

 

13,290,750

 

Kerr-McGee Corp.

 

215,000

 

12,308,750

 

Marathon Oil Corp.

 

505,000

 

20,846,400

 

Statoil  ASA (1)

 

1,000,000

 

14,402,072

 

Unocal Corp.

 

150,000

 

6,450,000

 

 

 

 

 

$

183,643,936

 

 

 

 

 

 

 

Paper and Forest Products — 0.7%

 

 

 

 

 

MeadWestvaco Corp.

 

350,000

 

11,165,000

 

 

 

 

 

$

11,165,000

 

 

 

 

 

 

 

Pharmaceuticals — 2.2%

 

 

 

 

 

GlaxoSmithKline PLC (1)

 

450,000

 

9,708,315

 

GlaxoSmithKline PLC ADR (1)

 

300,000

 

13,119,000

 

Merck & Co., Inc.

 

270,000

 

8,910,000

 

Wyeth Corp.

 

50,000

 

1,870,000

 

 

 

 

 

$

33,607,315

 

 

 

 

 

 

 

Printing and Business Products — 1.7%

 

 

 

 

 

Deluxe Corp.

 

225,000

 

9,229,500

 

Donnelley (R.R.) & Sons Co.

 

500,000

 

15,660,000

 

 

 

 

 

$

24,889,500

 

 

 

 

 

 

 

REITS — 10.0%

 

 

 

 

 

AvalonBay Communities, Inc.

 

250,000

 

15,055,000

 

Boston Properties, Inc.

 

200,000

 

11,078,000

 

Chelsea Property Group, Inc.

 

150,000

 

10,065,000

 

Developers Diversified Realty Corp.

 

375,000

 

14,681,250

 

Liberty Property Trust, Inc.

 

250,000

 

9,960,000

 

Pan Pacific Retail Properties, Inc.

 

150,000

 

8,115,000

 

Public Storage, Inc.

 

300,000

 

14,865,000

 

Rayonier, Inc.

 

200,000

 

9,048,000

 

Rouse Co. (The)

 

150,000

 

10,032,000

 

Simon Property Group, Inc.

 

300,000

 

16,089,000

 

SL Green Realty Corp.

 

200,000

 

10,362,000

 

Sun Communities, Inc.

 

200,000

 

7,838,000

 

Washington REIT

 

200,000

 

6,060,000

 

Weingarten Realty Investors

 

200,000

 

6,602,000

 

 

 

 

 

$

149,850,250

 

 

 

 

 

 

 

Restaurants — 1.4%

 

 

 

 

 

McDonald’s Corp.

 

750,000

 

21,022,500

 

 

 

 

 

$

21,022,500

 

 

3



 

Retail - Specialty and Apparel — 0.7%

 

 

 

 

 

Limited, Inc. (The)

 

500,000

 

$

11,145,000

 

 

 

 

 

$

11,145,000

 

 

 

 

 

 

 

Tobacco - 2.7%

 

 

 

 

 

Altria Group, Inc.

 

850,000

 

39,984,000

 

 

 

 

 

$

39,984,000

 

 

 

 

 

 

 

Utilities — Electrical and Gas — 30.7%

 

 

 

 

 

Ameren Corp.

 

268,000

 

12,368,200

 

American Electric Power Co., Inc.

 

450,000

 

14,382,000

 

Consolidated Edison, Inc.

 

400,000

 

16,816,000

 

Dominion Resources, Inc.

 

650,000

 

42,412,500

 

DTE Energy Co.

 

645,800

 

27,246,302

 

E.ON AG (1)

 

500,000

 

36,943,193

 

Edison International

 

650,000

 

17,231,500

 

Enel SPA (1)

 

3,700,000

 

30,217,696

 

Entergy Corp.

 

600,000

 

36,366,000

 

Exelon Corp.

 

660,000

 

24,215,400

 

FirstEnergy Corp.

 

850,000

 

34,918,000

 

FPL Group, Inc.

 

350,000

 

23,912,000

 

National Grid Transco PLC (1)

 

5,000,000

 

42,279,982

 

NiSource, Inc.

 

750,000

 

15,757,500

 

RWE AG (1)

 

650,000

 

31,107,398

 

Scottish and Southern Energy PLC (1)

 

1,500,000

 

21,172,468

 

Scottish Power PLC (1)

 

2,300,000

 

17,592,917

 

Southern Co. (The)

 

500,000

 

14,990,000

 

 

 

 

 

$

459,929,056

 

 

 

 

 

 

 

Water Utilities — 3.1%

 

 

 

 

 

United Utilities PLC (1)

 

2,300,000

 

23,122,230

 

Veolia Environment (1)

 

813,234

 

23,443,061

 

 

 

 

 

$

46,565,291

 

 

 

 

 

 

 

Total Common Stocks
(identified cost $1,661,486,844)

 

 

 

$

1,761,537,711

 

 

Preferred Stocks — 29.4%

 

Security

 

Shares

 

Value

 

Commercial Banks — 17.3%

 

 

 

 

 

Abbey National Capital Trust I, 8.963% (1) (2)

 

170,000

 

$

23,391,082

 

Abbey National PLC, 7.375% (1)

 

395,000

 

10,522,800

 

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

 

505,000

 

12,256,350

 

Banco  Santander, 6.41% (1) (3)

 

908,600

 

22,400,624

 

Barclays Bank PLC, 8.55% (1) (2) (3) (5)

 

218,600

 

27,357,025

 

BNP Paribas Capital Trust, 9.003% (1) (2) (3) (5)

 

150,000

 

18,989,130

 

CA Preferred Fund Trust II, 7.00% (1) (5)

 

50,000

 

5,257,255

 

CA Preferred Fund Trust, 7.00% (1) (5)

 

250,000

 

26,222,350

 

Den Norske Bank, 7.729% (1) (3) (5)

 

50,000

 

5,949,345

 

HSBC Capital Funding LP, 9.547% (1) (2) (3) (5)

 

210,000

 

26,980,380

 

Lloyds TSB Bank PLC, 6.90% (1) (5)

 

220,000

 

23,014,860

 

Nordbanken AB, 8.95% (1) (2) (3)

 

15,700

 

1,947,461

 

Royal Bank of Scotland Group PLC, 9.118% (1) (5)

 

235,750

 

29,015,096

 

UBS Preferred Funding Trust I, 8.622% (1) (5)

 

150,000

 

18,774,330

 

UBS Preferred Funding Trust III, 7.25% (1) (5)

 

253,500

 

6,672,120

 

 

 

 

 

$

258,750,208

 

 

4



 

Financial Services — 3.6%

 

 

 

 

 

BBVA Preferred Capital Ltd., 7.75% (1)

 

372,500

 

$

9,815,375

 

Lehman Brothers Holdings, Inc., 6.50%

 

801,800

 

21,071,304

 

Prudential PLC, 6.50% (1) (5)

 

230,000

 

22,465,733

 

 

 

 

 

$

53,352,412

 

 

 

 

 

 

 

Food Products — 1.5%

 

 

 

 

 

Dairy Farmers of America, 7.875% (3)

 

222,480

 

23,137,920

 

 

 

 

 

$

23,137,920

 

 

 

 

 

 

 

Insurance — 5.9%

 

 

 

 

 

Ace Ltd., 7.80% (1)

 

280,700

 

7,550,830

 

AXA, 7.10% (1) (5)

 

225,000

 

23,437,530

 

ING Capital Funding Trust III, 8.439% (1) (5)

 

170,000

 

20,916,511

 

ING  Groep NV, 7.05% (1)

 

222,300

 

5,808,699

 

ING  Groep NV, 7.20% (1)

 

330,000

 

8,778,000

 

RenaissanceRe Holdings Ltd., 6.08% (1)

 

441,000

 

10,398,780

 

Zurich Regcaps Fund Trust VI (1) (2) (3)

 

12,500

 

11,742,188

 

 

 

 

 

$

88,632,538

 

 

 

 

 

 

 

Utilities - Electrical and Gas — 1.1%

 

 

 

 

 

Duquesne Light, 6.50%

 

325,000

 

16,737,500

 

 

 

 

 

$

16,737,500

 

 

 

 

 

 

 

Total Preferred Stocks
(identified cost $438,761,612)

 

 

 

$

440,610,578

 

 

Commercial Paper — 0.3%

 

Security

 

Principal
Amount
(000’s omitted)

 

Value

 

Rangers Funding Co. LLC, 1.68%, 10/15/04 (4)

 

$

3,900

 

$

3,897,452

 

 

 

 

 

 

 

Total Commercial Paper
(at amortized cost, $3,897,452)

 

 

 

$

3,897,452

 

 

Short-Term Investments — 2.5%

 

Security

 

Principal
Amount
(000’s omitted)

 

Value

 

Investors Bank & Trust Company Time Deposit, 1.90%, 10/1/04

 

$

38,273

 

$

38,273,000

 

 

 

 

 

 

 

Total Short-Term Investments
(at amortized cost, $38,273,000)

 

 

 

$

38,273,000

 

 

 

 

 

 

 

Total Investments — 149.6%
(identified cost $2,142,418,908)

 

 

 

$

2,244,318,741

 

 

 

 

 

 

 

Other Assets, Less Liabilities — 0.40%

 

 

 

$

5,755,716

 

 

 

 

 

 

 

Auction Preferred Shares
Plus Cumulative Unpaid
Dividends — (50.0)%

 

 

 

$

(750,192,361

)

 

 

 

 

 

 

Net Assets Applicable to Common Shares — 100.0%

 

 

 

$

1,499,882,096

 

 

5



 


ADR

-

American Depositary Receipt

 

 

 

1

 

Foreign security.

 

 

 

2

 

Variable rate 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 September 30, 2004, the aggregate value of the securities is $138,504,073 or 9.2% of the Fund’s net assets.

 

 

 

4

 

A security which has been issued under section 4(2) of the Securities Act of 1933 and is generally regarded as restricted and illiquid. This security may be resold in transactions exempt from registration or to the public if the security is registered. All such securities held have been deemed by the Portfolio’s Trustees to be liquid and were purchased with the expectation that resale would not be necessary.

 

 

 

5

 

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

 

6



 

The Fund did not have any open financial instruments at September 30, 2004.

 

The cost and unrealized appreciation (depreciation) in value of investments owned by the Fund at September 30, 2004, as computed on a federal income tax basis, were as follows:

 

Aggregate cost

 

$

2,142,418,908

 

Gross unrealized appreciation

 

$

115,732,313

 

Gross unrealized depreciation

 

(13,832,480

)

Net unrealized appreciation

 

$

101,899,833

 

 

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:

November 17, 2004

 

 

 

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:

November 17, 2004

 

 

 

 

By:

/S/ James L. O’Connor

 

 

 

James L. O’Connor

 

 

Treasurer and Principal Financial Officer

 

 

 

 

Date:

November 17, 2004