Eaton Vance Tax-Managed Global Dividend Income Fund (ETG) — payer of a 7% dividend today —  is a tech fund in all but name, explains Michael Foster, closed-end fund expert and editor of CEF Insider.

It's top holdings include Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT), Apple (AAPL), and Facebook (FB). Companies, no matter where they are in the world, must pay to use American platforms like YouTube (owned by Google), Twitter, Facebook and Instagram (owned by Facebook) to market their products.

Add to that an appetite for American goods that will likely jump as the global economy recovers and — in a post-Trump world — lower trade barriers, and there’s reason to believe US export growth will take off, even after the hit it took in 2020.

That growing global demand is great for ETG’s main American holdings and for the fund’s few European holdings — Adidas (ADDYY), Mondelez (MDLZ), Unilever (UL).

As a result, ETG is in a win-win situation with a selection of companies that collect this “American tax,” grow their revenue alongside American exports and stand to profit from the overall recovery in the global economy as vaccines roll out.

The best part? The market hasn’t priced in this fund’s strong track record and bright prospects. With more growth opportunities ahead, ETG’s discount to NAV should be smaller than it was when I suggested moving money into the fund last March; yet its discount is in the same territory it was back then, at a ridiculous 9.2%!

In other words, the discount has gone totally the wrong way,positioning us for some nice “snap back” price upside when CEF buyers come to their senses. That will pair nicely with ETG’s reliable 6.8% dividend. Buy up to $22.

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