NPORT-EX 2 NPORT_FH7C_59954831_0125.htm
Eaton Vance
Tax-Managed Global Diversified Equity Income Fund
January 31, 2025
Portfolio of Investments (Unaudited)

Common Stocks — 98.8%
Security Shares Value
Aerospace & Defense — 2.2%
BAE Systems PLC    1,945,052 $   29,401,843
Safran SA(1)      129,526    32,109,012
      $   61,510,855
Air Freight & Logistics — 1.3%
GXO Logistics, Inc.(1)(2)      520,318 $   23,648,453
United Parcel Service, Inc., Class B      108,295    12,370,538
      $   36,018,991
Banks — 8.2%
Banco Santander SA    4,493,549 $   23,027,208
Barclays PLC    7,073,413    25,924,016
Citigroup, Inc.(1)      320,319    26,083,576
HDFC Bank Ltd.    1,459,562    28,568,535
KBC Group NV      282,633    21,680,141
Mizuho Financial Group, Inc.      295,638     8,140,631
Societe Generale SA    1,234,957    39,975,602
Toronto-Dominion Bank      585,014    33,373,593
Truist Financial Corp.      541,716    25,796,516
      $  232,569,818
Beverages — 1.3%
Diageo PLC(1)      509,559 $   15,179,973
Pernod Ricard SA      183,961    21,010,049
      $   36,190,022
Biotechnology — 1.3%
CSL Ltd.      223,174 $   38,529,377
      $   38,529,377
Broadline Retail — 4.2%
Amazon.com, Inc.(1)(2)      501,052 $  119,090,039
      $  119,090,039
Capital Markets — 0.8%
Charles Schwab Corp.      288,032 $   23,826,007
      $   23,826,007
Diversified Telecommunication Services — 0.7%
Zegona Communications PLC(2)    3,232,578 $   18,809,548
      $   18,809,548
Security Shares Value
Electric Utilities — 1.7%
Iberdrola SA    1,764,826 $   24,939,746
NextEra Energy, Inc.(1)      332,555    23,797,636
      $   48,737,382
Electrical Equipment — 2.3%
AMETEK, Inc.(1)      224,119 $   41,363,402
Schneider Electric SE       98,827    25,064,963
      $   66,428,365
Electronic Equipment, Instruments & Components — 3.8%
CDW Corp.(1)      180,584 $   35,961,498
Halma PLC    1,125,144    42,149,328
Keyence Corp.       67,716    29,165,872
      $  107,276,698
Entertainment — 1.8%
Walt Disney Co.(1)      450,773 $   50,964,395
      $   50,964,395
Financial Services — 2.6%
Global Payments, Inc.(1)      250,868 $   28,310,454
Visa, Inc., Class A(1)      135,196    46,209,993
      $   74,520,447
Food Products — 1.6%
Nestle SA(1)      525,666 $   44,650,398
      $   44,650,398
Health Care Equipment & Supplies — 3.5%
Alcon AG      160,205 $   14,619,321
Boston Scientific Corp.(1)(2)      254,603    26,061,163
Coloplast AS, Class B      155,557    17,915,116
Intuitive Surgical, Inc.(1)(2)       42,354    24,221,405
Straumann Holding AG      116,355    16,500,960
      $   99,317,965
Health Care Providers & Services — 1.2%
Amplifon SpA      839,167 $   22,425,766
UnitedHealth Group, Inc.       20,446    11,091,751
      $   33,517,517
Health Care REITs — 0.5%
Healthpeak Properties, Inc.(1)      674,890 $   13,943,227
      $   13,943,227
 
1

Eaton Vance
Tax-Managed Global Diversified Equity Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Security Shares Value
Hotels, Restaurants & Leisure — 6.1%
Amadeus IT Group SA      567,193 $   41,505,794
Aramark      666,139    25,919,469
Compass Group PLC    2,021,362    69,644,749
InterContinental Hotels Group PLC      190,223    25,364,584
Marriott International, Inc., Class A       36,170    10,510,640
      $  172,945,236
Household Products — 1.2%
Reckitt Benckiser Group PLC      524,937 $   34,713,422
      $   34,713,422
Industrial Conglomerates — 2.0%
Siemens AG      263,896 $   56,572,985
      $   56,572,985
Insurance — 4.3%
AIA Group Ltd.    3,268,947 $   22,981,168
Allstate Corp.(1)       93,476    17,978,239
American International Group, Inc.(1)      522,851    38,513,204
Prudential PLC    2,659,807    22,134,731
RenaissanceRe Holdings Ltd.       84,810    19,725,110
      $  121,332,452
Interactive Media & Services — 4.1%
Alphabet, Inc., Class C(1)      568,181 $  116,818,014
      $  116,818,014
Life Sciences Tools & Services — 1.0%
Danaher Corp.(1)      112,059 $   24,960,022
Sartorius AG, PFC Shares       11,162     3,221,035
      $   28,181,057
Machinery — 1.9%
Ingersoll Rand, Inc.(1)      210,887 $   19,781,201
Parker-Hannifin Corp.(1)       48,343    34,180,918
      $   53,962,119
Metals & Mining — 1.3%
Anglo American PLC      669,843 $   19,613,797
Rio Tinto Ltd.(1)      249,713    17,984,561
      $   37,598,358
Multi-Utilities — 0.4%
CMS Energy Corp.(1)      157,390 $   10,387,740
      $   10,387,740
Security Shares Value
Oil, Gas & Consumable Fuels — 2.7%
ConocoPhillips(1)      392,208 $   38,761,917
EOG Resources, Inc.(1)      309,431    38,923,325
      $   77,685,242
Personal Care Products — 0.0%(3)
L'Oreal SA        1,899 $      704,590
      $      704,590
Pharmaceuticals — 6.6%
AstraZeneca PLC      445,146 $   62,487,619
Eli Lilly & Co.(1)       50,680    41,105,535
L'Oreal Prime De Fidelite(2)       17,096     6,343,166
Novo Nordisk AS, Class B      441,207    37,248,726
Zoetis, Inc.(1)      238,716    40,796,564
      $  187,981,610
Professional Services — 2.6%
Recruit Holdings Co. Ltd.      411,703 $   28,733,645
RELX PLC      407,944    20,257,040
Robert Half, Inc.      143,393     9,290,433
Verisk Analytics, Inc.(1)       53,496    15,376,890
      $   73,658,008
Residential REITs — 0.8%
Invitation Homes, Inc.      764,745 $   23,821,807
      $   23,821,807
Semiconductors & Semiconductor Equipment — 10.1%
ASML Holding NV(1)       67,408 $   49,865,950
Broadcom, Inc.(1)      151,414    33,503,376
Infineon Technologies AG    1,375,404    45,221,219
Micron Technology, Inc.(1)      385,105    35,136,980
NVIDIA Corp.(1)      686,184    82,390,113
Taiwan Semiconductor Manufacturing Co. Ltd. ADR(1)       93,069    19,481,203
Tokyo Electron Ltd.      136,545    23,032,938
      $  288,631,779
Software — 7.3%
Adobe, Inc.(1)(2)       80,545 $   35,234,410
Intuit, Inc.(1)       45,331    27,267,050
Microsoft Corp.(1)      346,879   143,975,598
      $  206,477,058
 
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Eaton Vance
Tax-Managed Global Diversified Equity Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Security Shares Value
Specialty Retail — 0.9%
TJX Cos., Inc.(1)      197,372 $   24,630,052
      $   24,630,052
Technology Hardware, Storage & Peripherals — 3.0%
Apple, Inc.(1)      368,276 $   86,913,136
      $   86,913,136
Textiles, Apparel & Luxury Goods — 1.7%
Cie Financiere Richemont SA, Class A      124,514 $   24,070,863
LVMH Moet Hennessy Louis Vuitton SE       35,143    25,703,743
      $   49,774,606
Trading Companies & Distributors — 1.8%
Ashtead Group PLC       47,909 $    3,122,320
IMCD NV      299,525    46,905,716
      $   50,028,036
Total Common Stocks
(identified cost $1,727,083,918)
    $2,808,718,358
    
Short-Term Investments — 1.2%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.31%(4)   34,797,778 $   34,797,778
Total Short-Term Investments
(identified cost $34,797,778)
    $   34,797,778
Total Investments — 100.0%
(identified cost $1,761,881,696)
    $2,843,516,136
Total Written Call Options — (0.5)%
(premiums received $11,510,756)
    $  (13,643,442)
Other Assets, Less Liabilities — 0.5%     $   12,647,184
Net Assets — 100.0%     $2,842,519,878
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
(1) Security (or a portion thereof) has been pledged as collateral for written options.
(2) Non-income producing security.
(3) Amount is less than 0.05%.
(4) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of January 31, 2025.
Country Concentration of Portfolio
Country Percentage of
Total Investments
Value
United States 58.6% $1,666,578,523
United Kingdom 12.2 347,054,442
France 4.4 125,846,162
Germany 3.7 105,015,239
Netherlands 3.4 96,771,666
Spain 3.2 89,472,748
Japan 3.1 89,073,086
Denmark 1.9 55,163,842
Hong Kong 1.6 45,115,899
Switzerland 1.4 40,571,823
Canada 1.2 33,373,593
India 1.0 28,568,535
Italy 0.8 22,425,766
Belgium 0.8 21,680,141
Bermuda 0.7 19,725,110
South Africa 0.7 19,613,797
Taiwan 0.7 19,481,203
Australia 0.6 17,984,561
Total Investments 100.0% $2,843,516,136
 
3

Eaton Vance
Tax-Managed Global Diversified Equity Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Written Call Options (Exchange-Traded) — (0.5)%
Description Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Value
Dow Jones Euro STOXX 50 Index   920 EUR     48,639,204 EUR  5,125  2/7/25 $ (1,587,513)
Dow Jones Euro STOXX 50 Index   900 EUR     47,581,830 EUR  5,250 2/14/25    (676,418)
Dow Jones Euro STOXX 50 Index   890 EUR     47,053,143 EUR  5,350 2/21/25    (320,334)
Dow Jones Euro STOXX 50 Index   880 EUR     46,524,456 EUR  5,400 2/28/25    (300,659)
FTSE 100 Index 1,000 GBP     86,739,600 GBP  8,650 2/21/25  (1,140,673)
Nikkei 225 Index   520 JPY 20,577,694,800 JPY 40,500 2/14/25    (519,765)
S&P 500 Index   125 USD     75,506,625 USD  6,075  2/3/25    (116,250)
S&P 500 Index   128 USD     77,318,784 USD  5,990  2/5/25    (917,760)
S&P 500 Index   129 USD     77,922,837 USD  5,950  2/7/25  (1,469,955)
S&P 500 Index   128 USD     77,318,784 USD  5,880 2/10/25  (2,239,360)
S&P 500 Index   126 USD     76,110,678 USD  6,025 2/12/25    (920,430)
S&P 500 Index   126 USD     76,110,678 USD  6,070 2/14/25    (678,510)
S&P 500 Index   126 USD     76,110,678 USD  6,100 2/18/25    (532,980)
S&P 500 Index   126 USD     76,110,678 USD  6,150 2/19/25    (325,710)
S&P 500 Index   126 USD     76,110,678 USD  6,200 2/21/25    (209,160)
S&P 500 Index   129 USD     77,922,837 USD  6,090 2/24/25    (739,815)
S&P 500 Index   126 USD     76,110,678 USD  6,125 2/26/25    (570,150)
S&P 500 Index   126 USD     76,110,678 USD  6,180 2/28/25    (378,000)
Total             $(13,643,442)
Abbreviations:
ADR – American Depositary Receipt
PFC Shares – Preference Shares
REITs – Real Estate Investment Trusts
Currency Abbreviations:
EUR – Euro
GBP – British Pound Sterling
JPY – Japanese Yen
USD – United States Dollar
At January 31, 2025, 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.
4

Eaton Vance
Tax-Managed Global Diversified Equity Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Affiliated Investments
At January 31, 2025, the value of the Fund's investment in funds that may be deemed to be affiliated was $34,797,778, which represents 1.2% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended January 31, 2025 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) $15,256,522 $127,907,647 $(108,366,391) $ — $ — $34,797,778 $160,938 34,797,778
(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, 2025, 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 $  167,782,409 $   18,809,548 $    — $  186,591,957
Consumer Discretionary   180,150,200   186,289,733     —   366,439,933
Consumer Staples           —   116,258,432     —   116,258,432
Energy    77,685,242           —     —    77,685,242
Financials   259,816,692   192,432,032     —   452,248,724
Health Care   168,236,440   219,291,086     —   387,527,526
Industrials   156,011,835   242,167,524     —   398,179,359
Information Technology   499,863,364   189,435,307     —   689,298,671
Materials           —    37,598,358     —    37,598,358
Real Estate    37,765,034           —     —    37,765,034
Utilities    34,185,376    24,939,746     —    59,125,122
Total Common Stocks $1,581,496,592 $1,227,221,766* $    — $2,808,718,358
Short-Term Investments $   34,797,778 $          — $    — $   34,797,778
Total Investments $1,616,294,370 $1,227,221,766 $    — $2,843,516,136
5

Eaton Vance
Tax-Managed Global Diversified Equity Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Liability Description  Level 1 Level 2 Level 3 Total
Written Call Options $   (9,098,080) $   (4,545,362) $    — $  (13,643,442)
Total $   (9,098,080) $   (4,545,362) $    — $  (13,643,442)
* 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 annual or semi-annual financial statements.
6