Tax-Advantaged Global Dividend Opportunities Fund

Overview

Average Annual Returns (%) as of Mar 31, 2012
4/30/2012	as of Apr 30, 2012
	3 Months	YTD	1 Year	3 Years	5 Years	Life of Fund
Fund at NAV	5.08	11.92	-6.31	21.70	-0.53	9.72
Market Price	4.15	15.93	-9.37	23.93	-2.80	7.93
3/31/2012	as of Mar 31, 2012
Fund at NAV	12.81	12.81	0.17	26.15	0.63	9.94
Market Price	17.32	17.32	-3.94	30.09	-0.72	8.18
Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. The Fund's performance at market market price will differ from its results at NAV. Although market price performance generally reflects investment results over time, during shorter periods, returns at market price can also be affected by factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for the Fund's shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Performance less than one year is cumulative. For certain periods following the ex date of distributions paid by the Fund, returns may be calculated based on the lower of the net asset value or market price of the shares on the distribution pay date rather than the true distribution reinvestment price.

Fund Facts as of Apr 30, 2012
Performance Inception	04/30/2004
Investment Objective	High level of after-tax total return
CUSIP	27828U106

Portfolio Management
Judith A. Saryan, CFA			Managed Fund since inception
Aamer Khan, CFA			Managed Fund since 2005
John H. Croft, CFA			Managed Fund since 2010

Market price performance is shown before applicable commissions that a shareholder may encounter when purchasing or selling shares of the fund. All performance information is for common shares of the fund. Closed–end funds, unlike open–end funds, are not continuously offered. There is a one–time public offering and once issued, shares of closed–end funds are sold in the open market through a stock exchange. Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding. At the time of sale, your shares may have a market price that is above or below NAV. There is no assurance that the fund will achieve its investment objective. The fund is subject to investment risks, including possible loss of principal invested. This data is provided for information only and is not intended for trading purposes.

Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.

Performance

Average Annual Returns (%) as of Mar 31, 2012
4/30/2012	as of Apr 30, 2012
	3 Months	YTD	1 Year	3 Years	5 Years	Life of Fund
Fund at NAV	5.08	11.92	-6.31	21.70	-0.53	9.72
Market Price	4.15	15.93	-9.37	23.93	-2.80	7.93
3/31/2012	as of Mar 31, 2012
Fund at NAV	12.81	12.81	0.17	26.15	0.63	9.94
Market Price	17.32	17.32	-3.94	30.09	-0.72	8.18
Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. The Fund's performance at market market price will differ from its results at NAV. Although market price performance generally reflects investment results over time, during shorter periods, returns at market price can also be affected by factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for the Fund's shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Performance less than one year is cumulative. For certain periods following the ex date of distributions paid by the Fund, returns may be calculated based on the lower of the net asset value or market price of the shares on the distribution pay date rather than the true distribution reinvestment price.

Calendar Year Returns (%)
	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Fund at NAV	—	—	—	22.49	26.23	21.18	-44.47	33.27	14.44	-4.29
Market Price	—	—	—	31.92	33.35	15.36	-53.58	49.93	13.75	-11.04

Fund Facts
Performance Inception	04/30/2004

Yield Information¹ as of Apr 30, 2012
Distribution Rate at Market Price	7.28

Distribution History²
Ex-Date	Distribution	Reinvest NAV
Apr 19, 2012	$0.11670	$19.19
Mar 21, 2012	$0.11670	$19.58
Feb 17, 2012	$0.11670	$19.46
Dec 28, 2011	$0.11670	$17.75
Dec 21, 2011	$0.11670	$17.44
Nov 21, 2011	$0.11670	$17.29
Oct 20, 2011	$0.11670	$17.61
Sep 21, 2011	$0.11670	$16.19
Aug 22, 2011	$0.11670	$18.41
Jul 20, 2011	$0.11670	$19.90
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.

Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.

1. Distribution Rate at MKT is calculated by dividing the last distribution paid per share (annualized) by market price. Taxable Equivalent Yield is calculated by assuming the maximum federal income tax rate and respective, if applicable, state tax rates. It does not take into account local taxes.
2. A portion of the Fund's returns may be comprised of return of capital or short term capital gains. The Fund will determine the tax characteristics of all Fund distributions after the end of the calendar year and will provide shareholders such information at that time. Please consult your tax advisor for further information.

Portfolio

Fund Holdings (%)^3,4 as of Mar 31, 2012
Holding	% of Net Assets
International Business Machines Corp	2.6321%
Wells Fargo & Co	2.6040%
Microsoft Corp	2.5640%
ConocoPhillips	2.2299%
British American Tobacco PLC	2.1872%
MetLife Inc	2.1586%
Accenture PLC	2.0814%
Freeport-McMoRan Copper & Gold Inc	2.0757%
United Technologies Corp	2.0195%
Aflac Inc	1.9968%
View All

Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.

Insights & Analysis

Quarterly Commentary

No commentary information is available.

The views expressed in this report are those of portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance disclaims any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as "forward looking statements". The Fund's actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund's filings with the Securities and Exchange Commission.

Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.

Attribution

No attribution information is available.

Morningstar Fact Sheet: This fact sheet is for information purposes only. It is prepared and presented by a third party. Eaton Vance is not responsible for its timeliness, accuracy or its content.

Management

Biography

Judith A. Saryan, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1999

Judy Saryan is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's large-cap core/equity income team.

Before joining Eaton Vance in March 1999, Judy was a portfolio manager and equity analyst for State Street Global Advisors. In her 18 years there, her principal research specialties were the telecommunications, consumer nondurables and utilities industries. Prior to her tenure at State Street Global Advisors, Judy was affiliated with Colonial Management for more than three years, during which time she was the utilities analyst and assistant portfolio manager.

Judy earned a degree in economics from Wellesley College and spent a year overseas studying developmental economics and comparative economic systems. She is a CFA charterholder.

Judy's commentary has appeared in Barron's Online, The Boston Herald, CBS MarketWatch, Dow Jones, Financial Planning, The International Herald-Tribune, Investor's Business Daily, Reuters, SmartMoney, The Tampa Tribune, The Wall Street Journal, and she has been featured on CNBC and CNNfn.

Education

B.A. Wellesley College

Experience

Managed Fund since inception

Other funds managed

Biography

Aamer Khan, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Aamer Khan is a vice president of Eaton Vance Management, a member of the Equity Strategy Committee, portfolio manager on Eaton Vance's large-cap core/equity income team, and an equity analyst covering international banks.

Aamer joined Eaton Vance in 2000 and his experience in the investment management industry dates to 1992. Previously, Aamer was a strategist and equity analyst at Investa Capital. He also served as a senior consultant in marketing and business strategies at Gemini Consulting.

Aamer earned a B.A. from Harvard University, an M.S. from Oxford University and an M.B.A. from The Wharton School at the University of Pennsylvania. He is a CFA charterholder.

Education

B.A. Harvard University
M.S. Oxford University; M.B.A The Wharton School, University of Pennsylvania

Experience

Managed Fund since 2005

Other funds managed

Biography

John H. Croft, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2004

John Croft is a vice president of Eaton Vance Management, director of credit research and portfolio manager on Eaton Vance's investment-grade fixed-income team.

Prior to joining Eaton Vance in 2004, John was a credit analyst with Fidelity Management & Research Co., focusing on credit analysis of international and domestic financial institutions.

John earned a B.A. in economics and chemistry from Colgate University and an M.B.A. in finance from the University of Chicago Graduate School of Business. He is a CFA charterholder.