Eaton Vance Tax-Advantaged Global Dividend Income Fund of Beneficial Interest
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$17.80
- Net Assets:$1,284.37 Million
- NAV:$20.42
- Premium-12.83%
- Peer Rank:46 of 298
- Investment Rating:B-
- Performance:B-
- RiskC+
We rate Eaton Vance Tax Adv Glob Div Inc at B-. Positive factors that influence this rating include a greater than average total return. The fund invests approximately 80% of its assets in stocks and may be considered for investors seeking a Global Equity strategy.
Total return ranks above peers over the last three years. The Eaton Vance Tax Adv Glob Div Inc has returned an annual rate of 7.59% since inception. More recently, the fund has generated a total return of 11.79% in the last five years, 7.08% in the last three years, and 19.14% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 83% of them. It has also outpaced 71% of its competitors on a three year basis and 76% of them over the last year for the period ending 2/29/2024. On a year to date basis, ETG has returned 6.23%.
Downside risk has been below average. ETG has a draw down risk of -36.34%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 23.8%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $1.28 billion, ETG maintains a high expense ratio compared to its Global Equity peers of 2.70% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As ETG is a closed end fund, it has no front end or back end load.
Manager tenure and performance record are net positives. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The Eaton Vance Tax Adv Glob Div Inc has been managed by Christopher M. Dyer for the last 8 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than 79% of other fund managers.