EOD

Global Dividend Opportunity Fund

$5.28
NAV
-$0.04 / -0.75%
$4.51
Market price* $0.03 (0.67%)
-14.58
Premium/Discount
Data as of 4/16/2024
Fund overview
Global dividend-focused equities bolstered by high yield exposure
The Global Dividend Opportunity Fund’s primary investment ​goal is to seek a high level of current income, while its secondary goal is long-term growth of capital.

Under normal market conditions, the fund allocates approximately 80% of its total assets to an equity sleeve and the remaining 20% to a sleeve consisting of below-investment-grade debt.

Key differentiators

  • The equity sleeve is composed primarily of common stocks and other equity securities that offer above-average potential for current and/or future dividends.​​ This sleeve invests normally in approximately 60 to 80 securities, broadly diversified among major sectors and regions.
  • The fund also employs an options strategy in an attempt to generate gains on call options written by the fund.

General facts

Fund inception date

3/28/2007

Ticker

EOD

CUSIP

94987C103

Distribution rate (NAV)

8.21%

Distribution rate (market price)

9.61%

30-Day SEC yield (as of 4/15/2024)

2.87%

30-Day unsubsidized SEC yield (as of 4/15/2024)

2.87%

Assets under management

$228.0M

Distributions

Historical prices

YTD high $5.46 4/8/2024
YTD low $4.96 1/17/2024
52-week high $5.46 4/8/2024
52-week low $4.46 10/29/2023
2023 high $5.03 12/31/2023
2023 low $4.46 10/29/2023
Best quarterly return 19.43% 6/30/2020
Worst quarterly return -29.01% 3/31/2020
Best annual return 23.24% 12/31/2019
Worst annual return -16.93% 12/31/2022

Distribution summary

Dividends Quarterly
Capital gains Annually

Dividend history

Ex-dividend date Record date Payable date Dividend rate/share ($)
3/11/2024 3/12/2024 4/1/2024 0.10803
12/11/2023 12/12/2023 1/2/2024 0.10675
9/11/2023 9/12/2023 10/2/2023 0.1064
6/12/2023 6/13/2023 7/3/2023 0.10728
3/10/2023 3/13/2023 4/3/2023 0.11262
12/12/2022 12/13/2022 1/3/2023 0.12017
9/12/2022 9/13/2022 10/3/2022 0.12758
6/10/2022 6/13/2022 7/1/2022 0.1335
3/11/2022 3/14/2022 4/1/2022 0.13428
12/13/2021 12/14/2021 1/3/2022 0.13095
9/13/2021 9/14/2021 10/1/2021 0.12586
6/11/2021 6/14/2021 7/1/2021 0.13217
3/11/2021 3/12/2021 4/1/2021 0.12683
12/11/2020 12/14/2020 1/4/2021 0.13024
9/11/2020 9/14/2020 10/1/2020 0.13464
6/12/2020 6/15/2020 7/1/2020 0.14157
3/12/2020 3/13/2020 4/1/2020 0.14713
12/12/2019 12/13/2019 1/2/2020 0.14525
9/12/2019 9/13/2019 10/1/2019 0.14576
3/11/2019 3/12/2019 4/1/2019 0.14881
12/14/2018 12/17/2018 1/2/2019 0.15413
6/12/2018 6/13/2018 7/2/2018 0.16367
3/13/2018 3/14/2018 4/2/2018 0.16504
12/12/2017 12/13/2017 1/2/2018 0.1633
9/12/2017 9/13/2017 10/2/2017 0.16337
6/12/2017 6/14/2017 7/3/2017 0.16483
3/13/2017 3/15/2017 4/3/2017 0.135
12/12/2016 12/14/2016 1/3/2017 0.135
9/12/2016 9/14/2016 10/3/2016 0.135
6/13/2016 6/15/2016 7/1/2016 0.135
3/11/2016 3/15/2016 4/1/2016 0.135
12/11/2015 12/15/2015 1/4/2016 0.18
9/11/2015 9/15/2015 10/1/2015 0.18
6/11/2015 6/15/2015 7/1/2015 0.18
3/12/2015 3/16/2015 4/1/2015 0.18
12/11/2014 12/15/2014 1/2/2015 0.18
9/11/2014 9/15/2014 10/1/2014 0.18
6/12/2014 6/16/2014 7/1/2014 0.18
3/13/2014 3/17/2014 4/1/2014 0.18
12/12/2013 12/16/2013 1/2/2014 0.18
9/13/2013 9/17/2013 10/1/2013 0.21
6/13/2013 6/17/2013 7/1/2013 0.21
3/12/2013 3/14/2013 4/1/2013 0.21
12/13/2012 12/17/2012 1/2/2013 0.21
9/14/2012 9/18/2012 10/1/2012 0.28
6/11/2012 6/13/2012 7/2/2012 0.28
3/12/2012 3/14/2012 4/2/2012 0.28
12/12/2011 12/14/2011 1/3/2012 0.28
9/12/2011 9/14/2011 10/3/2011 0.28
6/13/2011 6/15/2011 7/1/2011 0.28
3/11/2011 3/15/2011 4/1/2011 0.28
12/13/2010 12/15/2010 1/3/2011 0.28
9/13/2010 9/15/2010 10/1/2010 0.28
6/11/2010 6/15/2010 7/1/2010 0.28
3/11/2010 3/15/2010 4/1/2010 0.28
12/11/2009 12/15/2009 1/4/2010 0.28
9/14/2009 9/16/2009 10/1/2009 0.28
6/11/2009 6/15/2009 7/1/2009 0.5
3/11/2009 3/13/2009 4/1/2009 0.5
12/11/2008 12/15/2008 1/2/2009 0.5
9/12/2008 9/16/2008 10/1/2008 0.5
6/12/2008 6/16/2008 7/1/2008 0.5
3/13/2008 3/17/2008 4/1/2008 0.5
12/13/2007 12/17/2007 1/2/2008 0.5
10/11/2007 10/15/2007 11/1/2007 0.5
7/12/2007 7/16/2007 7/27/2007 0.5
Download CSV

Documents

Literature Date
Fact Sheet 12/31/2023 Download Download
Regulatory Document Date
Annual Report 10/31/2023 Download Download
Quarterly Holdings 1/31/2024 Download Download
Quarterly Holdings 7/31/2023 Download Download
Semi-annual Report 4/30/2023 Download Download
Our team
Meet the investment team

The team believes company returns are predictable based on quantitative factors. They seek to systematically harvest these factors to generate alpha for their clients.

Contact Us

We look forward to helping you with your investment needs

 

The use of leverage results in certain risks, including, among others, the likelihood of greater volatility of net asset value and the market value of common shares. Derivatives involve risks, including interest rate risk, credit risk, the risk of improper valuation, and the risk of noncorrelation to the relevant instruments they are designed to hedge or closely track. There are numerous risks associated with transactions in options on securities and/or indices. As a writer of an index call option, the fund forgoes the opportunity to profit from increases in the values of securities held by the fund. However, the fund has retained the risk of loss (net of premiums received), should the price of the fund's portfolio securities decline. Similar risks are involved with writing call options or secured put options on individual securities and/or indices held in the fund's portfolio. This combination of potentially limited appreciation and potentially unlimited depreciation over time may lead to a decline in the net asset value of the fund. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Risks of foreign investing are magnified in emerging or developing markets. Small- and mid-cap securities may be subject to special risks associated with narrower product lines and limited financial resources compared with their large-cap counterparts, and, as a result, small- and mid-cap securities may decline significantly in market downturns and may be more volatile than those of larger companies due to their higher risk of failure. High-yield, lower-rated bonds may contain more risk due to the increased possibility of default. Illiquid securities may be subject to wide fluctuations in market value. The fund may be subject to significant delays in disposing of illiquid securities. Accordingly, the fund may be forced to sell these securities at less than fair market value or may not be able to sell them when the advisor or subadvisor believes that it is desirable to do so. This closed-end fund is no longer available as an initial public offering and is only offered through broker/dealers on the secondary market. A closed-end fund is not required to buy its shares back from investors upon request. Shares of the fund may trade at either a premium or discount relative to the fund's net asset value, and there can be no assurance that any discount will decrease.

The Morgan Stanley Capital International (MSCI) All Country World Index (ACWI) (Net) is a free-float-adjusted market-capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets. You cannot invest directly in an index.

The quoted distribution rates are figures that use the funds' previous distribution to calculate an annualized figure. Distribution Rate is calculated by annualizing the last distribution and then dividing by the period ending NAV or market price. Special distributions, including special capital gains distributions, are not included in the calculation. Distributions may be sourced from any or all of the following: income, capital gains and return of capital.

Dividends are paid monthly. Historical dividend sources have included net investment income, realized gains, and return of capital. Each fund will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes. A fund's current distribution rate and historical dividends are not indicative of future performance. If a distribution is from a source other than net investment income, the Fund provides a notice to shareholders with an estimate of its distribution source at that time. The final determination of the source of all dividend distributions in the current year will be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. Each fund will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes.

Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes that a shareholder may pay on fund distributions or the sales of fund shares. Investment return, principal value, and yields of an investment will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted, which assumes the reinvestment of dividends and capital gains. Performance shown is net of all applicable fund fees and expenses. Performance figures of the fund do not reflect fees an investor may be charged pursuant to the terms of any brokerage account agreements with their broker or financial intermediary. To obtain performance information current to the most recent month-end, please call 1-800-222-8222.

The closed-end funds (CEFs) are no longer offered as initial public offerings. Investors who wish to buy or sell fund shares of a CEF need to place orders through an intermediary, or broker, who will buy or sell fund shares on the stock exchange in a process identical to the purchase or sale of any other listed stock.

The 30-day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and includes the effect of any fee waivers. Without waivers, yields would be reduced. The 30-day unsubsidized SEC yield does not reflect waivers in effect. A fund’s actual distribution rate will differ from the SEC yield and any income distributions from the fund may be higher or lower than the SEC yield.