Eaton Vance Tax-Managed Global Diversified Equity Income Fund

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-21973

Investment Company Act File Number

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

October 31

Date of Fiscal Year End

July 31, 2013

Date of Reporting Period

 

 

 

Item 1. Schedule of Investments

Eaton Vance

Tax-Managed Global Diversified Equity Income Fund

July 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.6%

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 1.6%

      

Boeing Co. (The)

      331,683       $ 34,859,883   

United Technologies Corp.

      153,821         16,238,883   
     

 

 

  
      $ 51,098,766   
     

 

 

  

Automobiles — 1.0%

      

Honda Motor Co., Ltd.

      841,744       $ 31,179,084   
     

 

 

  
      $ 31,179,084   
     

 

 

  

Beverages — 3.2%

      

Anheuser-Busch InBev NV

      356,407       $ 34,272,562   

Beam, Inc.

      115,755         7,522,917   

Coca-Cola Co. (The)

      313,491         12,564,719   

Coca-Cola HBC AG(1)

      70,926         1,838,472   

Diageo PLC

      1,404,807         44,024,986   
     

 

 

  
      $ 100,223,656   
     

 

 

  

Biotechnology — 2.5%

      

Celgene Corp.(1)

      266,834       $ 39,187,241   

Gilead Sciences, Inc.(1)

      644,290         39,591,621   
     

 

 

  
      $ 78,778,862   
     

 

 

  

Capital Markets — 3.1%

      

Charles Schwab Corp. (The)

      661,239       $ 14,606,770   

Credit Suisse Group AG(1)

      869,787         25,548,930   

Deutsche Bank AG

      92,250         4,161,707   

Goldman Sachs Group, Inc. (The)

      109,610         17,979,328   

UBS AG(1)

      1,855,579         36,499,239   
     

 

 

  
      $ 98,795,974   
     

 

 

  

Chemicals — 3.9%

      

Akzo Nobel NV

      164,094       $ 10,004,119   

BASF SE

      412,914         36,595,924   

Linde AG

      73,911         14,237,677   

LyondellBasell Industries NV, Class A

      193,728         13,311,051   

Monsanto Co.

      271,513         26,820,054   

PPG Industries, Inc.

      37,233         5,973,663   

Syngenta AG

      38,852         15,362,546   
     

 

 

  
      $ 122,305,034   
     

 

 

  

Commercial Banks — 7.5%

      

Banco Bilbao Vizcaya Argentaria SA

      382,898       $ 3,631,017   

Barclays PLC

      7,028,763         30,708,552   

DNB ASA

      1,186,382         19,735,977   

HSBC Holdings PLC

      7,046,710         80,004,494   

PNC Financial Services Group, Inc. (The)

      198,697         15,110,907   

Regions Financial Corp.

      1,036,893         10,379,299   

Standard Chartered PLC

      1,145,003         26,556,867   

Toronto-Dominion Bank (The)

      191,354         16,108,180   

Wells Fargo & Co.

      835,403         36,340,031   
     

 

 

  
      $ 238,575,324   
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Communications Equipment — 0.9%

      

F5 Networks, Inc.(1)

      76,515       $ 6,714,956   

QUALCOMM, Inc.

      149,677         9,661,650   

Telefonaktiebolaget LM Ericsson, Class B

      945,475         11,175,805   
     

 

 

  
      $ 27,552,411   
     

 

 

  

Computers & Peripherals — 1.0%

      

Apple, Inc.

      67,317       $ 30,460,943   
     

 

 

  
      $ 30,460,943   
     

 

 

  

Consumer Finance — 0.7%

      

American Express Co.

      321,494       $ 23,716,612   
     

 

 

  
      $ 23,716,612   
     

 

 

  

Diversified Financial Services — 2.7%

      

Bank of America Corp.

      2,496,828       $ 36,453,689   

Citigroup, Inc.

      444,847         23,194,323   

JPMorgan Chase & Co.

      474,236         26,429,172   
     

 

 

  
      $ 86,077,184   
     

 

 

  

Diversified Telecommunication Services — 2.6%

      

AT&T, Inc.

      361,569       $ 12,752,539   

Deutsche Telekom AG

      1,300,818         15,817,914   

Verizon Communications, Inc.

      575,326         28,467,130   

Ziggo NV

      650,233         25,879,737   
     

 

 

  
      $ 82,917,320   
     

 

 

  

Electric Utilities — 2.4%

      

American Electric Power Co., Inc.

      199,484       $ 9,246,084   

Duke Energy Corp.

      101,241         7,188,111   

Edison International

      151,426         7,548,586   

PPL Corp.

      267,081         8,485,163   

Southern Co. (The)

      143,417         6,430,818   

SSE PLC

      1,536,047         36,772,263   
     

 

 

  
      $ 75,671,025   
     

 

 

  

Electrical Equipment — 2.5%

      

ABB, Ltd.(1)

      1,866,852       $ 41,156,497   

Emerson Electric Co.

      311,884         19,140,321   

Osram Licht AG(1)

      9,547         372,135   

Schneider Electric SA

      219,298         17,469,462   
     

 

 

  
      $ 78,138,415   
     

 

 

  

Electronic Equipment, Instruments & Components — 0.2%

      

Corning, Inc.

      439,101       $ 6,669,944   
     

 

 

  
      $ 6,669,944   
     

 

 

  

Energy Equipment & Services — 1.2%

      

Cameron International Corp.(1)

      98,054       $ 5,814,602   

Halliburton Co.

      345,863         15,629,549   

Tenaris SA

      756,113         16,869,254   
     

 

 

  
      $ 38,313,405   
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Food & Staples Retailing — 0.5%

      

Costco Wholesale Corp.

      124,032       $ 14,547,713   
     

 

 

  
      $ 14,547,713   
     

 

 

  

Food Products — 6.6%

      

Danone SA

      249,399       $ 19,751,284   

Hershey Co. (The)

      128,023         12,145,542   

Kraft Foods Group, Inc.

      203,792         11,530,551   

Mondelez International, Inc., Class A

      457,698         14,312,216   

Nestle SA

      1,465,796         99,208,883   

Unilever NV

      1,262,491         50,652,955   
     

 

 

  
      $ 207,601,431   
     

 

 

  

Health Care Equipment & Supplies — 0.7%

      

Abbott Laboratories

      277,584       $ 10,167,902   

Covidien PLC

      216,160         13,321,941   
     

 

 

  
      $ 23,489,843   
     

 

 

  

Hotels, Restaurants & Leisure — 0.6%

      

McDonald’s Corp.

      184,571       $ 18,102,724   
     

 

 

  
      $ 18,102,724   
     

 

 

  

Household Products — 2.4%

      

Colgate-Palmolive Co.

      383,258       $ 22,945,656   

Procter & Gamble Co.

      332,133         26,670,280   

Svenska Cellulosa AB, Class B

      1,024,103         27,090,298   
     

 

 

  
      $ 76,706,234   
     

 

 

  

Industrial Conglomerates — 2.5%

      

Danaher Corp.

      343,685       $ 23,143,748   

General Electric Co.

      784,108         19,108,712   

Koninklijke Philips Electronics NV

      787,698         25,189,713   

Siemens AG

      95,470         10,485,588   
     

 

 

  
      $ 77,927,761   
     

 

 

  

Insurance — 4.0%

      

ACE, Ltd.

      172,893       $ 15,798,962   

Aflac, Inc.

      264,261         16,299,618   

Allianz SE

      228,888         35,667,937   

Muenchener Rueckversicherungs-Gesellschaft AG

      85,034         16,885,435   

Old Mutual PLC

      4,070,103         12,020,300   

Prudential PLC

      1,703,711         30,257,581   
     

 

 

  
      $ 126,929,833   
     

 

 

  

Internet & Catalog Retail — 1.4%

      

Amazon.com, Inc.(1)

      118,232       $ 35,613,843   

Netflix, Inc.(1)

      36,065         8,807,794   
     

 

 

  
      $ 44,421,637   
     

 

 

  

 

3

 

 

                                                 
Security    Shares      Value  

Internet Software & Services — 2.1%

      

eBay, Inc.(1)

      572,973       $ 29,616,974   

Google, Inc., Class A(1)

      42,326         37,568,558   
     

 

 

  
      $ 67,185,532   
     

 

 

  

IT Services — 2.1%

      

Accenture PLC, Class A

      273,402       $ 20,179,802   

International Business Machines Corp.

      178,443         34,803,523   

Visa, Inc., Class A

      58,748         10,398,983   
     

 

 

  
      $ 65,382,308   
     

 

 

  

Machinery — 0.5%

      

Deere & Co.

      198,647       $ 16,501,606   
     

 

 

  
      $ 16,501,606   
     

 

 

  

Media — 1.6%

      

Comcast Corp., Class A

      498,069       $ 22,452,951   

Walt Disney Co. (The)

      336,762         21,771,663   

WPP PLC

      348,591         6,293,494   
     

 

 

  
      $ 50,518,108   
     

 

 

  

Metals & Mining — 1.3%

      

BHP Billiton, Ltd. ADR

      554,874       $ 34,807,246   

Glencore Xstrata PLC

      1,541,450         6,509,773   
     

 

 

  
      $ 41,317,019   
     

 

 

  

Multi-Utilities — 1.1%

      

National Grid PLC

      2,205,626       $ 26,360,162   

Sempra Energy

      111,487         9,769,606   
     

 

 

  
      $ 36,129,768   
     

 

 

  

Multiline Retail — 1.3%

      

Dollar General Corp.(1)

      515,889       $ 28,203,652   

Macy’s, Inc.

      271,197         13,109,663   
     

 

 

  
      $ 41,313,315   
     

 

 

  

Oil, Gas & Consumable Fuels — 10.4%

      

Anadarko Petroleum Corp.

      121,463       $ 10,751,905   

BP PLC

      7,667,473         52,973,244   

Chevron Corp.

      173,433         21,833,481   

ConocoPhillips

      458,298         29,725,208   

ENI SpA

      1,133,529         25,036,393   

Exxon Mobil Corp.

      354,087         33,195,656   

Phillips 66

      319,874         19,672,251   

Royal Dutch Shell PLC, Class B

      3,048,209         107,816,381   

Statoil ASA

      1,264,865         27,455,960   
     

 

 

  
      $ 328,460,479   
     

 

 

  

 

4

 

 

                                                 
Security    Shares      Value  

Pharmaceuticals — 11.8%

      

AbbVie, Inc.

      191,330       $ 8,701,689   

AstraZeneca PLC

      876,487         44,460,446   

Bayer AG

      391,996         45,563,605   

GlaxoSmithKline PLC

      927,139         23,719,581   

Johnson & Johnson

      109,820         10,268,170   

Novo Nordisk A/S, Class B

      348,338         59,101,112   

Pfizer, Inc.

      1,082,435         31,639,575   

Roche Holding AG PC

      327,601         80,618,995   

Sanofi

      664,714         69,584,726   
     

 

 

  
      $ 373,657,899   
     

 

 

  

Real Estate Investment Trusts (REITs) — 0.8%

      

AvalonBay Communities, Inc.

      81,961       $ 11,092,602   

Boston Properties, Inc.

      124,513         13,316,665   
     

 

 

  
      $ 24,409,267   
     

 

 

  

Road & Rail — 0.6%

      

Union Pacific Corp.

      128,602       $ 20,394,991   
     

 

 

  
      $ 20,394,991   
     

 

 

  

Semiconductors & Semiconductor Equipment — 0.2%

      

Samsung Electronics Co., Ltd. GDR(2)

      10,998       $ 6,286,534   
     

 

 

  
      $ 6,286,534   
     

 

 

  

Software — 2.0%

      

Microsoft Corp.

      561,259       $ 17,864,874   

Oracle Corp.

      367,746         11,896,583   

SAP AG

      440,936         32,308,003   
     

 

 

  
      $ 62,069,460   
     

 

 

  

Specialty Retail — 2.0%

      

Home Depot, Inc. (The)

      143,565       $ 11,345,942   

Industria de Diseno Textil SA

      221,691         29,592,336   

Kingfisher PLC

      3,679,861         22,263,110   
     

 

 

  
      $ 63,201,388   
     

 

 

  

Textiles, Apparel & Luxury Goods — 2.5%

      

Adidas AG

      109,110       $ 12,161,937   

Compagnie Financiere Richemont SA, Class A

      195,006         19,075,984   

LVMH Moet Hennessy Louis Vuitton SA

      172,088         31,325,068   

NIKE, Inc., Class B

      280,026         17,619,236   
     

 

 

  
      $ 80,182,225   
     

 

 

  

Tobacco — 1.4%

      

British American Tobacco PLC

      598,918       $ 31,950,341   

Philip Morris International, Inc.

      146,211         13,039,097   
     

 

 

  
      $ 44,989,438   
     

 

 

  

Wireless Telecommunication Services — 2.2%

      

Vodafone Group PLC

      23,225,942       $ 69,563,420   
     

 

 

  
      $ 69,563,420   
     

 

 

  

Total Common Stocks
(identified cost $2,347,002,681)

       $ 3,151,763,892   
     

 

 

  

 

5

 

 

                                                                                                   

Covered Put Options Purchased — 0.0%(3)

            
Security    Number of
Contracts		     

Strike

Price

      Expiration
Date		      Value  

Netflix, Inc.

      360       $ 250.00         8/17/13       $ 412,200   
           

 

 

  

Total Covered Put Options Purchased
(identified cost $524,667)

             $ 412,200   
           

 

 

  

Total Investments — 99.6%
(identified cost $2,347,527,348)

             $ 3,152,176,092   
           

 

 

  

Call Options Written — (0.7)%

            

Exchange-Traded Options — (0.4)%

            
Description    Number of
Contracts		     

Strike

Price

      Expiration
Date		      Value  

S&P 500 Index

      1,100       $ 1,630         8/2/13       $ (6,468,000 ) 

S&P 500 Index

      955         1,680         8/9/13         (1,695,125 ) 

S&P 500 Index

      1,170         1,695         8/17/13         (1,368,900 ) 

S&P 500 Index

      1,125         1,690         8/23/13         (1,974,375 ) 
           

 

 

  
            $ (11,506,400 ) 
           

 

 

  

Over-the-Counter Options — (0.3)%

            
Description    Number of
Contracts		     

Strike

Price

      Expiration
Date		      Value  

Dow Jones Euro Stoxx 50 Index(4)

      27,750       EUR 2,725         8/16/13       $ (2,072,901 ) 

Dow Jones Euro Stoxx 50 Index(5)

      28,200       EUR 2,725         8/16/13         (2,106,516 ) 

Dow Jones Euro Stoxx 50 Index(6)

      57,100       EUR 2,750         8/16/13         (3,129,675 ) 

FTSE 100 Index(6)

      13,250       GBP 6,650         8/16/13         (1,138,846 ) 

FTSE 100 Index(7)

      11,900       GBP 6,675         8/16/13         (868,938 ) 

SMI Index(8)

      5,150       CHF 8,050         8/16/13         (100,167 ) 

SMI Index(6)

      5,400       CHF 8,050         8/16/13         (105,030 ) 
           

 

 

  
            $ (9,522,073 ) 
           

 

 

  

Total Call Options Written
(premiums received $16,159,237)

             $ (21,028,473 ) 
           

 

 

  

Covered Call Options Written — (0.0)%(3)

  

Security    Number of
Contracts		     

Strike

Price

      Expiration
Date		      Value  

Netflix, Inc.

      360       $ 300.00         8/17/13       $ (7,740 ) 
           

 

 

  

Total Covered Call Options Written
(premiums received $378,871)

   

    $ (7,740 ) 
           

 

 

  

 

6

 

 

                                                                                                   

Covered Put Options Written — (0.0)%(3)

            
Security    Number of
Contracts		     

Strike

Price

      Expiration
Date		      Value  

Netflix, Inc.

      360       $ 215.00         8/17/13       $ (31,500 ) 
           

 

 

  

Total Covered Put Options Written
(premiums received $158,836)

   

    $ (31,500 ) 
           

 

 

  

Other Assets, Less Liabilities — 1.1%

  

    $ 34,472,032   
           

 

 

  

Net Assets — 100.0%

  

    $ 3,165,580,411   
           

 

 

  

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

During the fiscal year to date ended July 31, 2013, the Fund held interests in Eaton Vance Cash Reserves Fund, LLC, an affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended July 31, 2013 was $28,524.

 

ADR

   -   American Depositary Receipt

GDR

   -   Global Depositary Receipt

PC

   -   Participation Certificate
   

CHF

   -   Swiss Franc

EUR

   -   Euro

GBP

   -   British Pound Sterling

 

(1) Non-income producing security.

 

(2) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2013, the aggregate value of these securities is $6,286,534 or 0.2% of the Fund’s net assets.

 

(3) Amount is less than 0.05%.

 

(4) Counterparty is Bank of America.

 

(5) Counterparty is Credit Suisse International.

 

(6) Counterparty is Citibank NA.

 

(7) Counterparty is Barclays Bank PLC.

 

(8) Counterparty is Morgan Stanley & Co. International PLC.

 

7

 

 

Country Concentration of Portfolio

 

                                                 
Country    Percentage of
Net Assets		     Value  

United States

      41.1 %    $ 1,301,543,111   

United Kingdom

      20.6        652,254,995   

Switzerland

      10.6        335,108,508   

Germany

      7.1        224,257,862   

France

      4.4        138,130,540   

Netherlands

      3.9        125,037,575   

Denmark

      1.9        59,101,112   

Norway

      1.5        47,191,937   

Italy

      1.3        41,905,647   

Sweden

      1.2        38,266,103   

Australia

      1.1        34,807,246   

Belgium

      1.1        34,272,562   

Ireland

      1.1        33,501,743   

Spain

      1.0        33,223,353   

Japan

      1.0        31,179,084   

Canada

      0.5        16,108,180   

South Korea

      0.2        6,286,534   
  

 

 

    

 

 

  

Total Investments

      99.6 %    $     3,152,176,092   
  

 

 

    

 

 

  

The cost and unrealized appreciation (depreciation) of investments of the Fund at July 31, 2013, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

    $     2,356,208,121   
  

 

 

  

Gross unrealized appreciation

    $ 809,573,545   

Gross unrealized depreciation

      (13,605,574 ) 
  

 

 

  

Net unrealized appreciation

    $ 795,967,971   
  

 

 

  

A summary of open financial instruments at July 31, 2013 is as follows:

Forward Foreign Currency Exchange Contracts

Sales

 

Settlement
Date		     

Deliver

   

In Exchange For

    Counterparty    Net Unrealized
Depreciation		  
8/30/13     

Japanese Yen

3,089,629,000

   

United States Dollar

31,535,998

    Credit Suisse International    $     (24,350 ) 

Written options activity for the fiscal year to date ended July 31, 2013 was as follows:

 

     Number of
Contracts		     Premiums
Received		  

Outstanding, beginning of period

      187,440      $ 15,273,296   

Options written

      1,461,695        163,422,092   

Options terminated in closing purchase transactions

      (1,193,250 )      (134,913,093 ) 

Options expired

      (302,065 )      (27,085,351 ) 
  

 

 

    

 

 

  

Outstanding, end of period

      153,820      $     16,696,944   
  

 

 

    

 

 

  

 

8

 

 

All of the assets of the Fund are subject to segregation to satisfy the requirements of the escrow agent. At July 31, 2013, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

In the normal course of pursuing its investment objectives, the Fund is subject to the following risks:

Equity Price Risk: 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 price of the underlying index decline. During the fiscal year to date ended July 31, 2013, the Fund also entered into a combination of option transactions on an individual security to seek return and/or to seek to reduce the Fund’s exposure to a decline in the stock price.

Foreign Exchange Risk: Because the Fund holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Fund enters into forward foreign currency exchange contracts.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at July 31, 2013 was as follows:

 

          Fair Value  

Risk

   

Derivative

    Asset
Derivative		      Liability
Derivative		  
Equity Price    Options Purchased    $     412,200       $ —   
Equity Price    Options Written      —         (21,067,713 ) 
     

 

 

     

 

 

  
      $ 412,200       $     (21,067,713 ) 
     

 

 

     

 

 

  

    

         
Foreign Exchange    Forward Foreign Currency Exchange Contracts    $ —       $ (24,350 ) 
     

 

 

     

 

 

  
      $ —       $ (24,350 ) 
     

 

 

     

 

 

  

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.

 

9

 

 

At July 31, 2013, 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          

Consumer Discretionary

    $ 177,027,468      $ 151,891,013      $     —       $ 328,918,481   

Consumer Staples

      135,278,691        308,789,781        —         444,068,472   

Energy

      136,622,652        230,151,232        —         366,773,884   

Financials

      313,325,397        285,178,797        —         598,504,194   

Health Care

      152,878,139        323,048,465        —         475,926,604   

Industrials

      149,760,279        94,301,260        —         244,061,539   

Information Technology

      215,836,790        49,770,342        —         265,607,132   

Materials

      80,912,014        82,710,039        —         163,622,053   

Telecommunication Services

      41,219,669        111,261,071        —         152,480,740   

Utilities

      48,668,368        63,132,425        —         111,800,793   

Total Common Stocks

    $     1,451,529,467      $     1,700,234,425 *    $ —       $     3,151,763,892   

Covered Put Options Purchased

    $ 412,200      $ —      $ —       $ 412,200   

Total Investments

    $ 1,451,941,667      $ 1,700,234,425      $ —       $ 3,152,176,092   
Liability Description                              

Call Options Written

    $ (11,506,400 )    $ (9,522,073 )    $ —       $ (21,028,473 ) 

Covered Call Options Written

      (7,740 )      —        —         (7,740 ) 

Covered Put Options Written

      (31,500 )      —        —         (31,500 ) 

Forward Foreign Currency Exchange Contracts

      —        (24,350 )      —         (24,350 ) 

Total

    $ (11,545,640 )    $ (9,546,423 )    $ —       $ (21,092,063 ) 

 

* 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.

The Fund held no investments or other financial instruments as of October 31, 2012 whose fair value was determined using Level 3 inputs. At July 31, 2013, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

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

 

 

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-Managed Global Diversified Equity Income Fund

 

By:   /s/ Walter A. Row, III
  Walter A. Row, III
  President
Date:   September 23, 2013

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/ Walter A. Row, III
  Walter A. Row, III
  President
Date:   September 23, 2013

 

By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   September 23, 2013