ETO: Expect Volatility If Inflation Surges This Summer

The Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) offers a 7.63% yield, primarily through a portfolio heavily weighted toward common equities. ETO's allocation to bonds over preferred stocks may increase tax exposure but provides lower duration and some inflation protection. The fund's technology sector concentration and reliance on capital gains for distribution coverage could introduce volatility, especially if inflation and rates rise.