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Eaton Vance ETG fund trades at 11% discount despite 29.1% NAV gain and 6.7% yield

Market News
25 Sep 2026
Seeking Alpha
View Source
Bullish
Eaton Vance ETG fund trades at 11% discount despite 29.1% NAV gain and 6.7% yield

The Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) is currently trading at an 11% discount to its net asset value (NAV), even though its portfolio has performed strongly with a 29.1% NAV return over the past 12 months. This return outpaces its category peers, yet the market price has lagged, widening the discount. The fund offers a 6.7% yield through managed distributions, mainly sourced from capital gains and investment income rather than just dividends. Given the wide discount, robust performance, and attractive monthly payouts, the fund is rated a 'Buy' as it presents a compelling risk-reward opportunity at current prices.

ETG's NAV is up 29%, with the market still pricing an 11% discount. For readers following Financials, here is Pluang's market snapshot as of Sep 25, 2026 16:01 WIB: 85 priced US Financial stocks showed 55 gainers and 24 losers. Notable movers include PUK at USD 26.28 (+3.87%, 0% Sell/100% Buy), BNS at USD 95.31 (+3.34%), and HUT at USD 104.00 (+2.42%, 0% Sell/100% Buy). Typical hold times range from 11 to 117 days on Pluang.

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