NPORT-EX 2 NPORT_3804836889312284.htm

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Eaton Vance

Tax-Managed Global Diversified Equity Income Fund

January 31, 2021

Portfolio of Investments (Unaudited)

Common Stocks — 99.6%

Security		Shares				Value
Aerospace & Defense — 0.9%
Safran S.A.(1)			197,823			$	24,867,848
						$	24,867,848
Banks — 6.1%
Bank of New York Mellon Corp. (The)(2)			1,039,094			$	41,387,114
Citigroup, Inc.(2)			605,557				35,116,251
HDFC Bank, Ltd.(1)			951,589				18,166,258
ING Groep NV(1)			3,472,943				30,879,184
Mitsubishi UFJ Financial Group, Inc.			5,027,242				22,701,907
Wells Fargo & Co.			710,758				21,237,449
						$	169,488,163
Beverages — 1.2%
Diageo PLC(2)			803,223			$	32,247,132
						$	32,247,132
Biotechnology — 1.2%
CSL, Ltd.			166,021			$	34,419,723
						$	34,419,723
Building Products — 0.9%
Assa Abloy AB, Class B(2)			1,049,408			$	25,953,722
						$	25,953,722
Chemicals — 0.8%
Sika AG			77,908			$	21,199,680
						$	21,199,680
Construction Materials — 1.0%
CRH PLC(1)			705,245			$	28,939,586
						$	28,939,586
Consumer Finance — 0.6%
Capital One Financial Corp.			159,915			$	16,672,738
						$	16,672,738
Diversified Financial Services — 2.7%
Berkshire Hathaway, Inc., Class B(1)(2)			203,780			$	46,435,349
ORIX Corp.(2)			1,746,635				28,026,314
						$	74,461,663
Electric Utilities — 2.0%
Iberdrola S.A.			1,923,773			$	26,046,314
NextEra Energy, Inc.(2)			351,127				28,395,640
						$	54,441,954

1

Security		Shares				Value
Electrical Equipment — 2.9%
AMETEK, Inc.(2)			374,091			$	42,369,547
Schneider Electric SE			255,825				37,442,711
						$	79,812,258
Electronic Equipment, Instruments & Components — 5.1%
CDW Corp.			160,977			$	21,194,232
Halma PLC			599,892				20,220,085
Keyence Corp.			50,082				26,888,077
Murata Manufacturing Co., Ltd.			230,839				22,171,630
TE Connectivity, Ltd.			242,543				29,202,177
Zebra Technologies Corp., Class A(1)			56,089				21,752,997
						$	141,429,198
Entertainment — 2.3%
Nintendo Co., Ltd.			33,741			$	19,422,508
Walt Disney Co. (The)(1)(2)			272,594				45,842,133
						$	65,264,641
Equity Real Estate Investment Trusts (REITs) — 1.5%
American Tower Corp.(2)			87,015			$	19,783,730
Equity Residential			357,854				22,058,121
						$	41,841,851
Food Products — 3.3%
Mondelez International, Inc., Class A(2)			848,385			$	47,034,464
Nestle S.A.(2)			399,752				44,810,830
						$	91,845,294
Health Care Equipment & Supplies — 4.6%
Alcon, Inc.(1)			439,695			$	31,555,753
Boston Scientific Corp.(1)(2)			1,250,256				44,309,073
Intuitive Surgical, Inc.(1)(2)			42,395				31,696,198
Straumann Holding AG			18,146				20,113,546
						$	127,674,570
Health Care Providers & Services — 0.9%
Anthem, Inc.			80,104			$	23,789,286
						$	23,789,286
Hotels, Restaurants & Leisure — 0.8%
Compass Group PLC(1)			1,213,862			$	21,682,938
						$	21,682,938

2

Security		Shares				Value
Industrial Conglomerates — 1.1%
DCC PLC			395,656			$	29,765,043
						$	29,765,043
Insurance — 2.5%
Allstate Corp. (The)			229,465			$	24,594,059
Aviva PLC			5,318,220				24,325,974
AXA S.A.			981,101				21,735,650
						$	70,655,683
Interactive Media & Services — 6.6%
Alphabet, Inc., Class C(1)(2)			60,977			$	111,937,918
Facebook, Inc., Class A(1)(2)			193,826				50,071,071
Tencent Holdings, Ltd.			257,366				22,932,153
						$	184,941,142
Internet & Direct Marketing Retail — 4.0%
Amazon.com, Inc.(1)(2)			34,522			$	110,684,436
						$	110,684,436
IT Services — 3.2%
Amadeus IT Group S.A.			524,155			$	33,463,745
Global Payments, Inc.			90,236				15,928,459
Visa, Inc., Class A(2)			202,947				39,219,508
						$	88,611,712
Leisure Products — 1.3%
Yamaha Corp.(2)			628,105			$	35,397,708
						$	35,397,708
Life Sciences Tools & Services — 0.6%
Lonza Group AG			27,895			$	17,816,522
						$	17,816,522
Machinery — 4.4%
Alstom S.A.(1)			431,139			$	23,376,170
Ingersoll Rand, Inc.(1)			477,349				19,972,282
Sandvik AB(1)			1,113,494				27,731,682
SMC Corp.			41,971				25,399,278
Stanley Black & Decker, Inc.(2)			152,233				26,410,903
						$	122,890,315
Metals & Mining — 1.5%
Rio Tinto, Ltd.(2)			501,607			$	41,983,987
						$	41,983,987

3

Security		Shares				Value
Mortgage Real Estate Investment Trusts (REITs) — 0.5%
AGNC Investment Corp.			909,460			$	14,187,576
						$	14,187,576
Multi-Utilities — 0.5%
CMS Energy Corp.(2)			233,353			$	13,273,119
						$	13,273,119
Oil, Gas & Consumable Fuels — 2.6%
Chevron Corp.(2)			262,832			$	22,393,287
EOG Resources, Inc.(2)			590,993				30,117,003
Phillips 66(2)			286,889				19,451,074
						$	71,961,364
Personal Products — 1.6%
Unilever PLC(2)			744,222			$	43,354,781
						$	43,354,781
Pharmaceuticals — 7.0%
Eli Lilly & Co.(2)			205,983			$	42,838,284
Novo Nordisk A/S, Class B			453,918				31,623,644
Roche Holding AG PC(2)			110,961				38,293,948
Sanofi			464,449				43,680,616
Zoetis, Inc.(2)			248,129				38,273,898
						$	194,710,390
Professional Services — 3.2%
Recruit Holdings Co., Ltd.			702,365			$	30,551,048
RELX PLC			1,697,812				42,035,239
Verisk Analytics, Inc.			91,375				16,767,313
						$	89,353,600
Semiconductors & Semiconductor Equipment — 6.3%
ASML Holding NV(2)			95,284			$	50,867,722
Infineon Technologies AG			1,001,428				40,120,769
Micron Technology, Inc.(1)(2)			492,924				38,581,162
Taiwan Semiconductor Manufacturing Co., Ltd. ADR(2)			367,483				44,656,534
						$	174,226,187
Software — 5.7%
Dassault Systemes SE(2)			119,771			$	23,909,093
Intuit, Inc.			55,478				20,040,318
Microsoft Corp.(2)			492,908				114,334,939
						$	158,284,350
Specialty Retail — 2.5%
Lowe’s Cos., Inc.(2)			191,074			$	31,880,697
TJX Cos., Inc. (The)(2)			606,538				38,842,693
						$	70,723,390

4

Security		Shares				Value
Technology Hardware, Storage & Peripherals — 2.6%
Apple, Inc.(2)			552,273			$	72,877,945
						$	72,877,945
Textiles, Apparel & Luxury Goods — 3.1%
adidas AG(1)(2)			151,174			$	47,934,069
LVMH Moet Hennessy Louis Vuitton SE			65,213				39,427,455
						$	87,361,524
Total Common Stocks (identified cost $1,814,831,378)						$	2,769,093,019
Short-Term Investments — 0.6%
Description		Units				Value
Eaton Vance Cash Reserves Fund, LLC, 0.11%(3)			18,069,113			$	18,069,113
Total Short-Term Investments (identified cost $18,069,113)						$	18,069,113
Total Investments — 100.2% (identified cost $1,832,900,491)						$	2,787,162,132
Total Written Call Options — (0.3)% (premiums received $21,978,683)						$	(8,088,348	)
Other Assets, Less Liabilities — 0.1%						$	2,417,833
Net Assets — 100.0%						$	2,781,491,617

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

(1) Non-income producing security.

(2) Security (or a portion thereof) has been pledged as collateral for written options.

(3) 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, 2021.

5

Country Concentration of Portfolio

Country		Percentage of Total Investments				Value
United States			51.7	%		$	1,439,821,379
France			7.7				214,439,543
United Kingdom			7.7				213,631,192
Japan			7.6				210,558,470
Switzerland			7.3				202,992,456
Germany			3.2				88,054,838
Netherlands			2.9				81,746,906
Australia			2.7				76,403,710
Spain			2.1				59,510,059
Sweden			1.9				53,685,404
Taiwan			1.6				44,656,534
Denmark			1.1				31,623,644
Ireland			1.0				28,939,586
China			0.8				22,932,153
India			0.7				18,166,258
Total Investments			100.0	%		$	2,787,162,132

6

Written Call Options — (0.3)%

Exchange-Traded Options — (0.3)%

Description		Number of Contracts				Notional Amount				Exercise Price				Expiration Date				Value
Dow Jones Euro Stoxx 50 Index			1,320			EUR	45,955,008			EUR	3,625				2/5/21			$	(47,857	)
Dow Jones Euro Stoxx 50 Index			1,300			EUR	45,258,720			EUR	3,650				2/12/21				(92,389	)
Dow Jones Euro Stoxx 50 Index			1,320			EUR	45,955,008			EUR	3,650				2/19/21				(172,392	)
Dow Jones Euro Stoxx 50 Index			1,310			EUR	45,606,864			EUR	3,600				2/26/21				(665,490	)
FTSE 100 Index			330			GBP	21,144,618			GBP	6,750				2/19/21				(50,755	)
FTSE 100 Index			310			GBP	19,863,126			GBP	6,800				2/19/21				(29,006	)
Nikkei 225 Index			150			JPY	4,149,508,500			JPY	27,750				2/5/21				(501,762	)
Nikkei 225 Index			140			JPY	3,872,874,600			JPY	29,000				2/12/21				(85,935	)
Nikkei 225 Index			145			JPY	4,011,191,550			JPY	28,875				2/19/21				(228,322	)
Nikkei 225 Index			140			JPY	3,872,874,600			JPY	28,500				2/26/21				(696,217	)
S&P 500 Index			201			USD	74,656,224			USD	3,810				2/1/21				(37,687	)
S&P 500 Index			202			USD	75,027,648			USD	3,780				2/3/21				(343,400	)
S&P 500 Index			201			USD	74,656,224			USD	3,825				2/5/21				(187,935	)
S&P 500 Index			201			USD	74,656,224			USD	3,800				2/8/21				(429,135	)
S&P 500 Index			201			USD	74,656,224			USD	3,850				2/10/21				(213,060	)
S&P 500 Index			202			USD	75,027,648			USD	3,775				2/12/21				(927,180	)
S&P 500 Index			201			USD	74,656,224			USD	3,800				2/16/21				(728,625	)
S&P 500 Index			202			USD	75,027,648			USD	3,850				2/17/21				(382,790	)
S&P 500 Index			199			USD	73,913,376			USD	3,850				2/19/21				(457,700	)
S&P 500 Index			199			USD	73,913,376			USD	3,850				2/22/21				(520,385	)
S&P 500 Index			199			USD	73,913,376			USD	3,860				2/24/21				(532,326	)
S&P 500 Index			200			USD	74,284,800			USD	3,840				2/26/21				(758,000	)
Total																		$	(8,088,348	)

Abbreviations:

ADR		-		American Depositary Receipt
PC		-		Participation Certificate

Currency Abbreviations:

EUR		-		Euro
GBP		-		British Pound Sterling
JPY		-		Japanese Yen
USD		-		United States Dollar

7

At January 31, 2021, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.

The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund writes index call options above the current value of the index to generate premium income. In writing index call options, the Fund in effect, sells potential appreciation in the value of the applicable index above the exercise price in exchange for the option premium received. The Fund retains the risk of loss, minus the premium received, should the value of the underlying index decline.

At January 31, 2021, the value of the Fund’s investment in affiliated funds was $18,069,113, which represents 0.6% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended January 31, 2021 were as follows:

Name of affiliated fund		Value, beginning of period				Purchases				Sales proceeds				Net realized gain (loss)				Change in unrealized appreciation (depreciation)				Value, end of period				Dividend income				Units, end of period
Short-Term Investments
Eaton Vance Cash Reserves Fund, LLC		$	13,281,044			$	141,856,119			$	(137,068,050	)		$	—			$	—			$	18,069,113			$	2,485				18,069,113

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.

8

At January 31, 2021, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

Asset Description		Level 1				Level 2				Level 3				Total
Common Stocks
Communication Services		$	207,851,122			$	42,354,661			$	—			$	250,205,783
Consumer Discretionary			181,407,826				144,442,170				—				325,849,996
Consumer Staples			47,034,464				120,412,743				—				167,447,207
Energy			71,961,364				—				—				71,961,364
Financials			199,630,536				145,835,287				—				345,465,823
Health Care			180,906,739				217,503,752				—				398,410,491
Industrials			105,520,045				267,122,741				—				372,642,786
Information Technology			417,788,271				217,641,121				—				635,429,392
Materials			—				92,123,253				—				92,123,253
Real Estate			41,841,851				—				—				41,841,851
Utilities			41,668,759				26,046,314				—				67,715,073
Total Common Stocks		$	1,495,610,977			$	1,273,482,042	*		$	—			$	2,769,093,019
Short-Term Investments		$	—			$	18,069,113			$	—			$	18,069,113
Total Investments		$	1,495,610,977			$	1,291,551,155			$	—			$	2,787,162,132
Liability Description
Written Call Options		$	(5,518,223	)		$	(2,570,125	)		$	—			$	(8,088,348	)
Total		$	(5,518,223	)		$	(2,570,125	)		$	—			$	(8,088,348	)

* 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.

9

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.

10