Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Regulatory Filings • May 30, 2008

N-Q 1 a08-13019_1nq.htm N-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number	811-21745
Eaton
Vance Tax-Managed Global Buy-Write Opportunities Fund
(Exact Name of
Registrant as Specified in Charter)
The
Eaton Vance Building, 255 State Street, Boston, Massachusetts	02109
(Address of Principal
Executive Offices)	(Zip code)
Maureen
A. Gemma Eaton
Vance Management, 255 State Street, Boston, Massachusetts 02109
(Name and Address of
Agent for Service)
Registrant’s Telephone Number, Including Area Code:	(617) 482-8260
Date of Fiscal Year End:	December 31
Date of Reporting Period:	March 31, 2008

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*Item 1. Schedule of Investments*

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| Eaton
Vance Tax-Managed Global Buy-Write Opportunities Fund |
| --- |
| PORTFOLIO
OF INVESTMENTS (Unaudited) |

*Common Stocks — 101.5%*

Security	Shares	Value
Aerospace & Defense — 1.0%
Finmeccanica
SpA	30,000	$ 1,025,249
General
Dynamics Corp.	78,611	6,553,799
Honeywell
International, Inc.	152,231	8,588,873
Rockwell
Collins, Inc.	59,584	3,405,226
		$ 19,573,147
Air Freight & Logistics — 1.0%
CH
Robinson Worldwide, Inc.	84,275	$ 4,584,560
Deutsche
Post AG	260,128	7,973,668
Expeditors
International of Washington, Inc.	60,642	2,739,806
FedEx
Corp.	28,786	2,667,599
Yamato
Holdings Co., Ltd.	64,701	952,196
		$ 18,917,829
Airlines — 0.0%
Japan
Airlines Corp. (1)	335,000	$ 874,838
		$ 874,838
Auto Components — 0.5%
Aisin
Seiki Co., Ltd.	7,600	$ 287,042
Cooper
Tire and Rubber Co.	33,444	500,657
Denso
Corp.	83,300	2,719,581
Johnson
Controls, Inc.	114,456	3,868,613
NGK
Spark Plug Co., Ltd.	20,000	262,138
Stanley
Electric Co., Ltd.	17,200	424,222
Toyoda
Gosei Co., Ltd.	5,900	224,796
Toyota
Industries Corp.	9,000	322,783
		$ 8,609,832
Automobiles — 1.9%
DaimlerChrysler
AG	188,560	$ 16,176,688
Harley-Davidson, Inc.	45,565	1,708,687
Honda
Motor Co., Ltd.	129,800	3,754,697
Isuzu
Motors, Ltd.	59,000	296,988
Suzuki
Motor Corp.	60,100	1,530,913
Toyota
Motor Corp.	84,207	4,260,995
Volkswagen
AG	21,183	6,159,380
Volkswagen
AG (Preference Shares)	10,264	1,712,504
		$ 35,600,852
Beverages — 1.5%
Brown-Forman
Corp., Class B	9,015	$ 596,973
Carlsberg
A/S, Class B	16,803	2,162,960
Coca-Cola
Co. (The)	19,951	1,214,417
Heineken
NV	30,199	1,760,383
Ito
En, Ltd.	37,800	674,092
Kirin
Holdings Co., Ltd.	83,000	1,584,458
Pepsi
Bottling Group, Inc.	19,042	645,714
PepsiCo, Inc.	140,963	10,177,529
Pernod-Ricard
SA	22,212	2,296,964
SABMiller
PLC	136,622	3,000,749
Sapporo
Holdings, Ltd.	160,000	1,322,380
Scottish &
Newcastle PLC	78,394	1,230,741
Takara
Holdings, Inc.	137,000	950,764
		$ 27,618,124

1

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| Biotechnology — 2.4% — Amgen, Inc.
(1) | 16,201 | $ 676,878 |
| --- | --- | --- |
| Amylin
Pharmaceuticals, Inc. (1) | 33,302 | 972,751 |
| Biogen
Idec, Inc. (1) | 189,353 | 11,681,187 |
| Celgene
Corp. (1) | 98,231 | 6,020,578 |
| CV
Therapeutics, Inc. (1) | 50,000 | 356,500 |
| Gilead
Sciences, Inc. (1) | 439,064 | 22,624,968 |
| ImClone
Systems, Inc. (1) | 20,000 | 848,400 |
| Martek
Biosciences Corp. (1) | 12,388 | 378,701 |
| Regeneron
Pharmaceuticals, Inc. (1) | 124,547 | 2,390,057 |
| | | $ 45,950,020 |
| Building Products — 0.2% | | |
| Asahi
Glass Co., Ltd. | 156,497 | $ 1,738,883 |
| Central
Glass Co., Ltd. | 80,000 | 315,551 |
| JS
Group Corp. | 25,600 | 388,320 |
| Masco
Corp. | 59,062 | 1,171,199 |
| Sanwa
Shutter Corp. | 86,000 | 376,852 |
| | | $ 3,990,805 |
| Capital Markets — 2.1% | | |
| American
Capital Strategies, Ltd. | 46,997 | $ 1,605,418 |
| Bank
of New York Mellon Corp. (The) | 126,879 | 5,294,661 |
| Charles
Schwab Corp. (The) | 56,270 | 1,059,564 |
| Daiwa
Securities Group, Inc. | 113,000 | 988,295 |
| Federated
Investors, Inc., Class B | 15,936 | 624,054 |
| Franklin
Resources, Inc. | 43,596 | 4,228,376 |
| Goldman
Sachs Group, Inc. | 31,002 | 5,127,421 |
| Jafco
Co., Ltd. | 3,200 | 107,864 |
| Merrill
Lynch & Co., Inc. | 85,000 | 3,462,900 |
| Morgan
Stanley | 36,593 | 1,672,300 |
| Nomura
Holdings, Inc. | 89,400 | 1,347,843 |
| Northern
Trust Corp. | 66,797 | 4,439,997 |
| Shinko
Securities Co., Ltd. | 107,000 | 314,590 |
| UBS
AG (1) | 350,074 | 10,235,217 |
| | | $ 40,508,500 |
| Chemicals — 1.9% | | |
| Air
Products and Chemicals, Inc. | 9,559 | $ 879,428 |
| BASF
AG | 124,811 | 16,849,815 |
| Daicel
Chemical Industries, Ltd. | 62,000 | 322,204 |
| Dainippon
Ink and Chemicals, Inc. | 120,000 | 380,175 |
| Dow
Chemical Co. (The) | 73,566 | 2,710,907 |
| E.I.
Du Pont de Nemours & Co. | 19,328 | 903,777 |
| Eastman
Chemical Co. | 11,375 | 710,369 |
| Ecolab, Inc. | 22,890 | 994,113 |
| Kaneka
Corp. | 154,000 | 974,872 |
| Kansai
Paint Co., Ltd. | 86,000 | 564,789 |
| Mitsubishi
Chemical Holdings Corp. | 35,000 | 233,454 |
| Mitsubishi
Rayon Co., Ltd. | 273,000 | 882,568 |
| Monsanto
Co. | 27,285 | 3,042,277 |
| Nippon
Shokubai Co., Ltd. | 138,000 | 920,227 |
| Nissan
Chemical Industries, Ltd. | 61,000 | 650,890 |
| Nitto
Denko Corp. | 5,000 | 212,906 |
| Rohm
and Haas Co. | 12,829 | 693,792 |
| Shin-Etsu
Chemical Co., Ltd. | 61,500 | 3,207,018 |
| Sumitomo
Bakelite Co., Ltd. | 39,000 | 198,678 |
| Taiyo
Nippon Sanso Corp. | 72,000 | 583,804 |
| | | $ 35,916,063 |

2

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| Commercial Banks — 7.4% — Banco
Santander Central Hispano SA | 1,031,998 | $ 20,634,979 |
| --- | --- | --- |
| Bank
of Yokohama, Ltd. | 113,000 | 774,358 |
| Barclays
PLC | 1,068,873 | 9,656,913 |
| Bayerische
Hypo-Und Vereinsbank AG | 22,398 | 1,395,561 |
| BB&T
Corp. | 82,529 | 2,645,880 |
| BNP
Paribas SA | 158,748 | 16,065,725 |
| Commerzbank
AG | 23,872 | 749,148 |
| Credit
Agricole SA | 152,288 | 4,725,717 |
| DnB
NOR ASA (1) | 105,036 | 1,606,897 |
| Fifth
Third Bancorp | 132,860 | 2,779,431 |
| HBOS
PLC | 181,776 | 2,025,152 |
| HSBC
Holdings PLC | 1,570,038 | 25,901,814 |
| Hypo
Real Estate Holding AG | 28,752 | 749,010 |
| Intesa
Sanpaolo RNC | 182,000 | 1,203,607 |
| Intesa
Sanpaolo SpA | 1,291,944 | 9,148,289 |
| Joyo
Bank, Ltd. | 37,000 | 189,533 |
| KeyCorp | 55,394 | 1,215,898 |
| Lloyds
TSB Group PLC | 970,946 | 8,687,358 |
| Marshall &
Ilsley Corp. | 36,714 | 851,765 |
| Mitsui
Trust Holdings, Inc. | 145,000 | 885,084 |
| Natixis | 48,829 | 785,994 |
| Popular, Inc. | 28,772 | 335,482 |
| Regions
Financial Corp. | 119,870 | 2,367,432 |
| Resona
Holdings, Inc. | 445 | 747,662 |
| Royal
Bank of Scotland PLC | 343,985 | 2,307,729 |
| Societe
Generale | 116,380 | 11,429,506 |
| Sumitomo
Trust and Banking Co., Ltd. | 150,955 | 1,047,687 |
| Synovus
Financial Corp. | 77,625 | 858,532 |
| UniCredit
SpA | 522,068 | 3,510,824 |
| Wachovia
Corp. | 33,000 | 891,000 |
| Wells
Fargo & Co. | 110,189 | 3,206,500 |
| Zions
Bancorporation | 25,092 | 1,142,941 |
| | | $ 140,523,408 |
| Commercial Services & Supplies — 1.0% | | |
| Adecco
SA | 28,437 | $ 1,649,424 |
| Avery
Dennison Corp. | 23,372 | 1,151,071 |
| Dai
Nippon Printing Co., Ltd. | 51,000 | 816,470 |
| Equifax, Inc. | 15,217 | 524,682 |
| Half
(Robert) International, Inc. | 36,951 | 951,119 |
| Manpower, Inc. | 23,198 | 1,305,119 |
| Randstad
Holdings NV | 17,043 | 801,030 |
| Rentokil
Initial PLC | 2,511,211 | 4,859,184 |
| RR
Donnelley & Sons Co. | 70,366 | 2,132,793 |
| SECOM
Co., Ltd. | 69,300 | 3,414,875 |
| Serco
Group PLC | 144,136 | 1,300,657 |
| Waste
Management, Inc. | 18,690 | 627,236 |
| | | $ 19,533,660 |
| Communications Equipment — 4.9% | | |
| Cisco
Systems, Inc. (1) | 999,233 | $ 24,071,523 |
| Corning, Inc. | 179,244 | 4,309,026 |
| Harris
Corp. | 47,813 | 2,320,365 |
| Nokia
Oyj | 434,865 | 13,779,308 |
| QUALCOMM, Inc. | 729,121 | 29,893,961 |
| Research
In Motion, Ltd. (1) | 167,739 | 18,825,348 |
| Riverbed
Technology, Inc. (1) | 15,921 | 236,586 |
| | | $ 93,436,117 |

3

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| Computer Peripherals — 5.0% — Apple, Inc.
(1) | 416,813 | $ 59,812,665 |
| --- | --- | --- |
| Brocade
Communications Systems, Inc. (1) | 76,415 | 557,829 |
| EMC
Corp. (1) | 279,905 | 4,013,838 |
| Fujitsu,
Ltd. | 153,121 | 1,014,133 |
| Hewlett-Packard
Co. | 247,871 | 11,317,790 |
| International
Business Machines Corp. | 81,602 | 9,395,654 |
| Mitsumi
Electric Co., Ltd. | 20,400 | 650,904 |
| NEC
Corp. | 168,000 | 651,511 |
| NetApp, Inc.
(1) | 177,142 | 3,551,697 |
| Palm, Inc. | 54,994 | 274,970 |
| SanDisk
Corp. (1) | 53,957 | 1,217,809 |
| Seagate
Technology | 85,910 | 1,798,955 |
| Toshiba
Corp. | 187,431 | 1,261,506 |
| | | $ 95,519,261 |
| Construction & Engineering — 0.2% | | |
| Amec
PLC | 74,000 | $ 1,064,391 |
| JGC
Corp. | 64,000 | 983,598 |
| Obayashi
Corp. | 241,000 | 1,022,256 |
| Skanska
AB | 43,000 | 863,948 |
| | | $ 3,934,193 |
| Construction Materials — 0.3% | | |
| Cemex
SAB de CV ADR (1) | 88,811 | $ 2,319,743 |
| Lafarge
SA | 10,540 | 1,838,214 |
| Vulcan
Materials Co. | 27,988 | 1,858,403 |
| | | $ 6,016,360 |
| Consumer Finance — 0.2% | | |
| Cattles
PLC | 141,322 | $ 650,516 |
| Credit
Saison Co., Ltd. | 63,000 | 1,770,400 |
| Mitsubishi
UFJ Nicos Co., Ltd. (1) | 38,000 | 110,911 |
| Student
Loan Corp. | 16,049 | 1,587,246 |
| | | $ 4,119,073 |
| Containers & Packaging — 0.1% | | |
| Bemis
Co., Inc. | 21,337 | $ 542,600 |
| Toyo
Seikan Kaisha, Ltd. | 71,300 | 1,366,962 |
| | | $ 1,909,562 |
| Distributors — 0.1% | | |
| Genuine
Parts Co. | 56,294 | $ 2,264,145 |
| | | $ 2,264,145 |
| Diversified Consumer Services — 0.1% | | |
| Corinthian
Colleges, Inc. (1) | 60,962 | $ 440,755 |
| H&R
Block, Inc. | 65,199 | 1,353,531 |
| Regis
Corp. | 10,423 | 286,528 |
| | | $ 2,080,814 |
| Diversified Financial Services — 2.1% | | |
| Bank
of America Corp. | 270,451 | $ 10,252,797 |
| Citigroup, Inc. | 39,613 | 817,850 |
| CME
Group, Inc. | 6,433 | 3,017,720 |
| Fortis | 166,380 | 4,196,018 |
| ING
Groep NV | 317,107 | 11,898,724 |
| Investor
AB, Class B | 78,000 | 1,760,410 |
| JPMorgan
Chase & Co. | 149,789 | 6,433,438 |
| Moody’s
Corp. | 59,015 | 2,055,492 |
| | | $ 40,432,449 |

4

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Diversified Telecommunication Services — 3.1% — AT&T, Inc.	179,440	$ 6,872,552
Citizens
Communications Co.	462,437	4,850,964
Deutsche
Telekom AG	241,922	4,034,159
Embarq
Corp.	13,779	552,538
France
Telecom SA	222,639	7,507,125
Telefonica
SA	825,446	23,803,873
Verizon
Communications, Inc.	246,478	8,984,123
Windstream
Corp.	255,703	3,055,651
		$ 59,660,985
Electric Utilities — 1.8%
Duke
Energy Corp.	208,933	$ 3,729,454
E.ON
AG	54,239	10,072,508
Enel
SpA	1,137,993	12,129,408
Exelon
Corp.	21,194	1,722,436
Fortum
Oyj	37,386	1,530,835
Hokkaido
Electric Power Co.	13,500	315,255
Iberdrola
SA	83,468	1,295,655
Kyushu
Electric Power Co., Inc.	13,400	329,275
Scottish
and Southern Energy PLC	58,381	1,630,746
Shikoku
Electric Power Co.	5,700	170,199
Tokyo
Electric Power Co., Inc.	21,001	565,743
Union
Fenosa SA	20,612	1,390,735
		$ 34,882,249
Electrical Equipment — 1.2%
ABB,
Ltd.	330,336	$ 8,939,731
Cooper
Industries, Ltd., Class A	30,705	1,232,806
Emerson
Electric Co.	193,032	9,933,427
Fuji
Electric Holdings Co., Ltd.	162,000	663,577
Furukawa
Electric Co., Ltd.	257,000	839,340
Hitachi
Cable, Ltd.	52,000	196,106
Hitachi,
Ltd.	135,000	807,229
Ushio, Inc.	11,500	218,107
		$ 22,830,323
Electronic Equipment & Instruments — 0.8%
Agilent
Technologies, Inc. (1)	73,937	$ 2,205,541
Kyocera
Corp.	73,234	6,216,733
Mabuchi
Motor Co., Ltd.	7,700	375,156
Murata
Manufacturing Co., Ltd.	6,400	321,522
Omron
Corp.	11,800	244,872
TDK
Corp.	66,700	3,976,820
Tyco
Electronics, Ltd.	37,526	1,287,892
Yokogawa
Electric Corp.	107,500	1,093,644
		$ 15,722,180
Energy Equipment & Services — 0.9%
Fugro
NV	16,395	$ 1,278,913
Halliburton
Co.	168,088	6,610,901
Noble
Corp.	25,411	1,262,164
Schlumberger,
Ltd.	30,905	2,688,735
Transocean, Inc.
(1)	39,772	5,377,174
		$ 17,217,887
Food & Staples Retailing — 2.0%
Circle
K Sunkus Co., Ltd.	16,500	$ 282,642
CVS
Caremark Corp.	273,973	11,098,646
Familymart
Co., Ltd.	10,600	385,013
Koninklijke
Ahold NV (1)	122,728	1,828,552
Kroger
Co. (The)	129,054	3,277,972
Metro
AG	28,658	2,323,402
Safeway, Inc.	93,179	2,734,804
SUPERVALU, Inc.	17,345	520,003
Sysco
Corp.	100,301	2,910,735
UNY
Co., Ltd.	13,000	124,965
Wal-Mart
Stores, Inc.	234,129	12,333,916
		$ 37,820,650

5

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| Food Products — 2.8% — Campbell
Soup Co. | 17,968 | $ 610,014 |
| --- | --- | --- |
| ConAgra
Foods, Inc. | 77,043 | 1,845,180 |
| H.J.
Heinz Co. | 14,987 | 703,939 |
| Hershey
Co. (The) | 85,383 | 3,216,378 |
| Kraft
Foods, Inc., Class A | 88,500 | 2,744,385 |
| Meiji
Seika Kaisha, Ltd. | 260,851 | 1,335,195 |
| Morinaga &
Co., Ltd. | 46,079 | 107,372 |
| Nestle
SA | 58,598 | 29,409,715 |
| Nippon
Suisan Kaisha, Ltd. | 256,600 | 970,354 |
| Nissin
Food Products Co., Ltd. | 11,700 | 395,418 |
| Sara
Lee Corp. | 32,588 | 455,580 |
| Toyo
Suisan Kaisha, Ltd. | 15,000 | 225,755 |
| Unilever
NV | 343,720 | 11,613,319 |
| | | $ 53,632,604 |
| Gas Utilities — 0.2% | | |
| Gas
Natural SDG SA | 45,614 | $ 2,828,651 |
| Snam
Rete Gas | 260,064 | 1,661,095 |
| | | $ 4,489,746 |
| Health Care Equipment & Supplies — 1.5% | | |
| Advanced
Medical Optics, Inc. (1) | 36,839 | $ 747,832 |
| Boston
Scientific Corp. (1) | 187,908 | 2,418,376 |
| Cooper
Cos., Inc. (The) | 16,718 | 575,601 |
| Covidien,
Ltd. | 19,968 | 883,584 |
| General-Probe, Inc.
(1) | 23,579 | 1,136,508 |
| Hospira, Inc.
(1) | 13,029 | 557,250 |
| Immucor, Inc.
(1) | 58,135 | 1,240,601 |
| Intuitive
Surgical, Inc. (1) | 23,868 | 7,741,586 |
| Medtronic, Inc. | 123,565 | 5,976,839 |
| Olympus
Optical Corp. | 67,000 | 2,041,642 |
| Terumo
Corp. | 71,200 | 3,753,098 |
| Thoratec
Corp. (1) | 59,499 | 850,241 |
| West
Pharmaceutical Services, Inc. | 14,776 | 653,542 |
| | | $ 28,576,700 |
| Health Care Providers & Services — 0.7% | | |
| DaVita, Inc.
(1) | 20,000 | $ 955,200 |
| Humana, Inc.
(1) | 35,364 | 1,586,429 |
| IMS
Health, Inc. | 20,213 | 424,675 |
| Laboratory
Corp. of America Holdings (1) | 17,446 | 1,285,421 |
| Lincare
Holdings, Inc. (1) | 56,738 | 1,594,905 |
| McKesson
Corp. | 119,157 | 6,240,252 |
| Omnicare, Inc. | 32,075 | 582,482 |
| UnitedHealth
Group, Inc. | 42,000 | 1,443,120 |
| | | $ 14,112,484 |
| Hotels, Restaurants & Leisure — 1.3% | | |
| Accor
SA | 26,214 | $ 1,920,971 |
| Carnival
Corp., Unit | 126,018 | 5,101,209 |
| Cheesecake
Factory, Inc. (1) | 34,858 | 759,556 |
| Marriott
International, Inc., Class A | 70,942 | 2,437,567 |
| Starbucks
Corp. (1) | 367,696 | 6,434,680 |
| Starwood
Hotels & Resorts Worldwide, Inc. | 54,114 | 2,800,399 |
| Yum!
Brands, Inc. | 157,714 | 5,868,538 |
| | | $ 25,322,920 |

6

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| Household Durables — 0.6% — Barratt
Developments PLC | 207,583 | $ 1,707,060 |
| --- | --- | --- |
| Clarion
Co., Ltd. | 47,000 | 119,411 |
| Daito
Trust Construction Co., Ltd. | 9,200 | 475,585 |
| Makita
Corp. | 13,500 | 426,644 |
| Pioneer
Corp. | 76,500 | 769,319 |
| Pulte
Homes, Inc. | 37,833 | 550,470 |
| Ryland
Group, Inc. | 10,448 | 343,635 |
| Sharp
Corp. | 86,000 | 1,478,247 |
| Snap-On, Inc. | 15,120 | 768,852 |
| Sony
Corp. | 68,300 | 2,751,141 |
| Stanley
Works | 48,688 | 2,318,523 |
| | | $ 11,708,887 |
| Household Products — 1.1% | | |
| Colgate-Palmolive
Co. | 19,867 | $ 1,547,838 |
| Kao
Corp. | 114,654 | 3,267,122 |
| Nippon
Sheet Glass | 232,000 | 1,042,696 |
| Procter &
Gamble Co. | 196,035 | 13,736,172 |
| Uni-Charm
Corp. | 8,500 | 624,899 |
| | | $ 20,218,727 |
| Independent Power Producers & Energy Traders —
0.0% | | |
| AES
Corp. (The) (1) | 44,959 | $ 749,467 |
| | | $ 749,467 |
| Industrial Conglomerates — 2.5% | | |
| 3M
Co. | 81,121 | $ 6,420,727 |
| General
Electric Co. | 673,171 | 24,914,059 |
| Hankyu
Hanshin Holdings, Inc. | 23,128 | 100,825 |
| Siemens
AG | 155,733 | 16,951,435 |
| | | $ 48,387,046 |
| Insurance — 4.4% | | |
| ACE,
Ltd. | 78,172 | $ 4,304,150 |
| AFLAC, Inc. | 68,355 | 4,439,656 |
| Aioi
Insurance Co. Ltd. | 166,000 | 931,650 |
| Alleanza
Assicurazioni SpA | 121,297 | 1,591,666 |
| Allianz
SE | 30,941 | 6,140,605 |
| Allstate
Corp. (The) | 87,349 | 4,197,993 |
| AMBAC
Financial Group, Inc. | 85,998 | 494,489 |
| American
International Group, Inc. | 162,044 | 7,008,403 |
| AON
Corp. | 136,360 | 5,481,672 |
| Assicurazioni
Generali SpA | 25,617 | 1,157,216 |
| AXA
SA | 428,404 | 15,551,026 |
| Cincinnati
Financial Corp. | 20,643 | 785,260 |
| CNP
Assurances | 14,204 | 1,758,047 |
| Corporacion
Mapfre SA | 246,590 | 1,242,727 |
| Fondiaria
- SAI SpA | 22,751 | 946,653 |
| Friends
Provident PLC | 275,000 | 675,886 |
| Lincoln
National Corp. | 3,641 | 189,332 |
| Marsh &
McLennan Cos., Inc. | 83,242 | 2,026,943 |
| MBIA
Inc. | 43,955 | 537,130 |
| Muenchener
Rueckversicherungs-Gesellschaft AG | 58,944 | 11,592,895 |
| Prudential
PLC | 525,459 | 6,947,786 |
| Resolution
PLC | 96,239 | 1,309,309 |
| Royal &
Sun Alliance Insurance Group | 290,000 | 741,915 |
| T &
D Holdings, Inc. | 17,500 | 929,432 |
| TrygVesta
AS | 22,648 | 2,003,834 |
| | | $ 82,985,675 |
| Internet & Catalog Retail — 0.4% | | |
| Home
Retail Group | 540,905 | $ 2,811,697 |
| IAC/InterActiveCorp
(1) | 273,397 | 5,675,722 |
| | | $ 8,487,419 |

7

SEQ.=1,FOLIO='7',FILE='C:\JMS\105569\08-13019-1\task2932485\13019-1-ca-01.htm',USER='105569',CD='May 11 20:35 2008'

| Internet Software & Services — 2.9% — Akamai
Technologies, Inc. (1) | 60,662 | $ 1,708,242 |
| --- | --- | --- |
| Baidu.com
ADR (1) | 8,247 | 1,976,229 |
| eAccess,
Ltd. | 158 | 98,207 |
| eBay, Inc.
(1) | 417,326 | 12,453,008 |
| Google, Inc.,
Class A (1) | 60,763 | 26,764,279 |
| VeriSign, Inc.
(1) | 146,768 | 4,878,568 |
| Yahoo!, Inc.
(1) | 227,796 | 6,590,138 |
| | | $ 54,468,671 |
| IT Services — 0.7% | | |
| Cognizant
Technology Solutions Corp. (1) | 125,529 | $ 3,619,001 |
| Electronic
Data Systems Corp. | 26,776 | 445,820 |
| Metavante
Technologies, Inc. (1) | 12,238 | 244,638 |
| Nomura
Research Institute, Ltd. | 14,000 | 368,972 |
| NTT
Data Corp. | 706 | 3,112,949 |
| Obic
Co., Ltd. | 600 | 107,194 |
| Satyam
Computer Services, Ltd. ADR | 171,090 | 3,864,923 |
| Total
System Services, Inc. | 37,564 | 888,764 |
| Western
Union Co. | 40,000 | 850,800 |
| | | $ 13,503,061 |
| Leisure Equipment & Products — 0.4% | | |
| Eastman
Kodak Co. | 20,370 | $ 359,938 |
| Fuji
Photo Film Co., Ltd. | 90,800 | 3,250,177 |
| Hasbro, Inc. | 26,234 | 731,929 |
| Mattel, Inc. | 31,709 | 631,009 |
| Nikon
Corp. | 97,000 | 2,599,943 |
| | | $ 7,572,996 |
| Life Sciences Tools & Services — 0.1% | | |
| PerkinElmer, Inc. | 27,425 | $ 665,056 |
| Thermo
Fisher Scientific, Inc. (1) | 12,387 | 704,077 |
| | | $ 1,369,133 |
| Machinery — 1.7% | | |
| AGCO
Corp. (1) | 44,000 | $ 2,634,720 |
| Amada
Co., Ltd. | 38,000 | 291,346 |
| Daiwa
House Industry Co., Ltd. | 169,000 | 1,689,894 |
| Danaher
Corp. | 1,373 | 104,389 |
| Dover
Corp. | 13,219 | 552,290 |
| Eaton
Corp. | 46,216 | 3,682,029 |
| Fanuc,
Ltd. | 70,627 | 6,785,396 |
| Illinois
Tool Works, Inc. | 13,282 | 640,591 |
| Japan
Steel Works, Ltd. | 135,000 | 2,327,281 |
| Kawasaki
Heavy Industries, Ltd. | 209,000 | 470,275 |
| Komatsu,
Ltd. | 93,000 | 2,622,313 |
| Kurita
Water Industries, Ltd. | 14,700 | 549,492 |
| Minebea
Co., Ltd. | 212,227 | 1,256,914 |
| NSK,
Ltd. | 151,000 | 1,150,778 |
| Pall
Corp. | 19,443 | 681,866 |
| Parker
Hannifin Corp. | 60,996 | 4,225,193 |
| Terex
Corp. (1) | 17,058 | 1,066,125 |
| Vallourec
SA | 4,292 | 1,044,816 |
| | | $ 31,775,708 |
| Marine — 0.1% | | |
| Nippon
Yusen KK | 175,000 | $ 1,661,725 |
| | | $ 1,661,725 |

8

SEQ.=1,FOLIO='8',FILE='C:\JMS\105569\08-13019-1\task2932485\13019-1-ca-01.htm',USER='105569',CD='May 11 20:35 2008'

| Media —
2.0% — CBS Corp., Class B | 46,764 | $ 1,032,549 |
| --- | --- | --- |
| Comcast Corp., Class A | 526,294 | 10,178,526 |
| Comcast Corp., Special
Class A | 158,938 | 3,015,054 |
| Cumulus Media, Inc.,
Class A(1) | 9,590 | 61,184 |
| Dentsu, Inc. | 800 | 1,839,716 |
| Eniro AB | 234,800 | 1,714,911 |
| Fuji Television
Network, Inc. | 68 | 101,064 |
| Meredith Corp. | 10,553 | 403,652 |
| Omnicom Group, Inc. | 82,642 | 3,651,124 |
| PagesJaunes Groupe SA | 90,227 | 1,613,189 |
| Reed Elsevier NV | 88,570 | 1,699,707 |
| Reuters Group PLC | 74,929 | 863,648 |
| Television Francaise | 75,221 | 1,663,473 |
| Viacom, Inc.,
Class B(1) | 74,912 | 2,968,013 |
| Walt Disney Co. | 214,837 | 6,741,585 |
| Wolters Kluwer NV | 48,339 | 1,286,555 |
| | | $ 38,833,950 |
| Metals &
Mining — 3.0% | | |
| Alcoa, Inc. | 83,506 | $ 3,011,226 |
| Anglo American PLC | 165,185 | 9,915,645 |
| Arcelor Mittal | 161,706 | 13,274,406 |
| Barrick Gold Corp. | 10,583 | 459,831 |
| Companhia Vale do Rio Doce
ADR | 40,000 | 1,385,600 |
| Dowa Mining Co., Ltd. | 59,701 | 360,092 |
| Lonmin PLC | 15,000 | 913,282 |
| Newmont Mining Corp. | 35,000 | 1,585,500 |
| Nippon Light Metal Co.,
Ltd. | 755,000 | 1,149,119 |
| Rio Tinto PLC | 172,642 | 17,967,847 |
| Steel Dynamics, Inc. | 27,082 | 894,789 |
| Sumitomo Metal Industries,
Ltd. | 241,613 | 927,041 |
| Sumitomo Metal Mining Co.,
Ltd. | 98,000 | 1,852,751 |
| Teck Cominco, Ltd.,
Class B | 42,905 | 1,757,389 |
| Toho Titanium | 7,000 | 180,860 |
| Toho Zinc Co., Ltd. | 31,000 | 168,294 |
| Vedanta Resources PLC | 23,766 | 991,821 |
| | | $ 56,795,493 |
| Multiline
Retail — 0.7% | | |
| Hankyu Department Stores | 42,000 | $ 283,408 |
| Isetan Co., Ltd. | 116,600 | 1,346,324 |
| J Front Retailing Co., Ltd. | 162,000 | 1,046,713 |
| Kohl’s Corp.(1) | 20,000 | 857,800 |
| Nordstrom, Inc. | 42,995 | 1,401,637 |
| PPR SA | 12,595 | 1,874,362 |
| Ryohin Keikaku Co., Ltd. | 2,000 | 116,849 |
| Sears Holdings Corp.(1) | 50,414 | 5,146,765 |
| Target Corp. | 15,525 | 786,807 |
| | | $ 12,860,665 |
| Multi-Utilities
— 1.5% | | |
| Ameren Corp. | 72,149 | $ 3,177,442 |
| Centrica PLC | 307,754 | 1,826,009 |
| CMS Energy Corp. | 185,436 | 2,510,803 |
| Consolidated
Edison, Inc. | 26,799 | 1,063,920 |
| Dominion
Resources, Inc. | 27,130 | 1,107,989 |

9

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NiSource, Inc.	161,910	$
NorthWestern Corp.	25,742	627,333
PG&E Corp.	9,132	336,240
Public Service Enterprise
Group, Inc.	113,644	4,567,352
Suez SA	38,398	2,527,941
TECO Energy, Inc.	30,971	493,987
United Utilities PLC	429,187	5,894,983
Veolia Environnement	31,200	2,185,239
		$ 29,110,566
Office
Electronics — 0.3%
Canon, Inc.	96,300	$ 4,498,305
Xerox Corp.	38,686	579,129
		$ 5,077,434
Oil,
Gas & Consumable Fuels — 7.8%
BP PLC	1,754,534	$ 17,801,904
Chevron Corp.	86,537	7,386,798
ConocoPhillips	144,488	11,011,430
Cosmo Oil Co., Ltd.	314,000	996,472
Dampskibsselskabet Torm	22,760	680,582
El Paso Corp.	56,715	943,738
ENI SpA	287,820	9,833,184
Exxon Mobil Corp.	345,765	29,244,804
Frontline, Ltd.	15,212	700,721
Independent Tankers Corp.,
Ltd.(1)	9,642	16,128
Parallel Petroleum Corp.(1)	90,562	1,772,298
Royal Dutch Shell PLC	383,980	12,953,538
Royal Dutch Shell PLC,
Class A	441,067	15,208,583
Suncor Energy, Inc.	27,545	2,653,961
TonenGeneral Sekiyu KK	64,000	550,881
Total SA	342,852	25,493,163
Williams Cos., Inc.	159,612	5,264,004
XTO Energy, Inc.	90,000	5,567,400
		$ 148,079,589
Paper and
Forest Products — 0.1%
International Paper Co.	50,046	$ 1,361,251
Mondi PLC	83,504	693,721
		$ 2,054,972
Personal
Products — 0.4%
Alberto-Culver Co.	11,849	$ 324,781
Beiersdorf AG	28,716	2,422,810
Herbalife, Ltd.	21,454	1,019,065
L’Oreal SA	9,729	1,239,775
Oriflame Cosmetics SA	32,734	2,180,422
USANA Health
Services, Inc.(1)	9,533	210,012
		$ 7,396,865
Pharmaceuticals
— 5.7%
Abbott Laboratories	155,754	$ 8,589,833
Allergan, Inc.	41,914	2,363,530
Astellas Pharma, Inc.	67,800	2,666,619
AstraZeneca PLC	59,029	2,217,359
Bristol-Myers Squibb Co.	330,336	7,036,157
Cardiome Pharma Corp.(1)	62,480	524,832
Chugai Pharmaceuticals Co.,
Ltd.	38,000	431,578

10

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Daiichi Sankyo Co., Ltd.	66,600	$
Eisai Co., Ltd.	76,646	2,642,828
Eli Lilly & Co.	28,000	1,444,520
Endo Pharmaceuticals
Holdings, Inc.(1)	42,910	1,027,265
GlaxoSmithKline PLC	722,025	15,294,358
Johnson & Johnson	95,489	6,194,371
King
Pharmaceuticals, Inc.(1)	62,199	541,131
Medicines Co.(1)	62,461	1,261,712
Merck &
Co., Inc.	21,660	821,997
Novartis AG	161,420	8,317,029
Pfizer, Inc.	513,822	10,754,294
Roche Holding AG	91,418	17,300,095
Sanofi-Synthelabo SA	126,955	9,556,969
Santen Pharmaceutical Co.,
Ltd.	17,000	397,164
Sepracor, Inc.(1)	41,990	819,645
Shionogi & Co.,
Ltd.	96,000	1,653,391
Takeda Pharmaceutical Co.,
Ltd.	68,131	3,425,301
Tanabe Seiyaku Co., Ltd.	28,000	326,599
Valeant Pharmaceuticals
International(1)	40,456	519,050
		$ 108,106,285
Real
Estate Investment Trusts (REITs) — 0.3%
Host Hotels &
Resorts, Inc.	33,128	$ 527,398
Japan Real Estate
Investment Corp.	50	587,622
Japan Retail Fund
Investment Corp.	50	318,575
Nippon Building
Fund, Inc.	56	714,665
Simon Property
Group, Inc.	35,779	3,324,227
		$ 5,472,487
Real
Estate Management & Development — 0.3%
Heiwa Real Estate Co., Ltd.	104,000	$ 499,871
Kungsleden AB	90,902	1,131,311
Mitsubishi Estate Co., Ltd.	76,000	1,865,384
Sumitomo Realty &
Development Co., Ltd.	92,000	1,641,423
Tokyu Land Corp.	26,000	165,825
		$ 5,303,814
Road &
Rail — 0.5%
CSX Corp.	48,354	$ 2,711,209
East Japan Railway Co.	94	784,968
Keio Corp.	139,000	780,209
Kinetsu Corp.	91,000	326,411
Nippon Express Co., Ltd.	131,000	758,984
Norfolk Southern Corp.	41,055	2,230,108
Ryder System, Inc.	14,154	862,120
Seino Holdings Corp.	72,000	471,686
Tobu Railway Co., Ltd.	154,000	827,612
		$ 9,753,307
Semiconductors &
Semiconductor Equipment — 3.3%
Advantest Corp.	146,800	$ 3,857,045
Applied
Materials, Inc.	498,564	9,726,984
Atheros
Communications, Inc.(1)	66,024	1,375,940
Broadcom Corp.,
Class A(1)	117,049	2,255,534
Intel Corp.	991,292	20,995,565
Intersil Corp.,
Class A	40,863	1,048,953
KLA-Tencor Corp.	154,838	5,744,490
Marvell Technology Group,
Ltd.(1)	256,978	2,795,921

11

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| MEMC Electronic
Materials, Inc.(1) | 74,411 | $ |
| --- | --- | --- |
| Microchip
Technology, Inc. | 56,000 | 1,832,880 |
| Nvidia Corp.(1) | 148,404 | 2,936,915 |
| ROHM Co., Ltd. | 1,500 | 93,888 |
| Tokyo Electron, Ltd. | 66,100 | 4,057,165 |
| Tokyo Seimitsu Co., Ltd. | 21,700 | 402,015 |
| Veeco
Instruments, Inc.(1) | 23,763 | 395,179 |
| | | $ 62,794,214 |
| Software
— 4.8% | | |
| Autodesk, Inc.(1) | 159,932 | $ 5,034,659 |
| BEA Systems, Inc.(1) | 157,545 | 3,016,987 |
| CA, Inc. | 43,249 | 973,103 |
| Cadence Design
Systems, Inc.(1) | 69,562 | 742,922 |
| Compuware Corp.(1) | 58,560 | 429,830 |
| Electronic
Arts, Inc.(1) | 136,496 | 6,813,880 |
| Fuji Soft ABC, Inc. | 10,900 | 205,170 |
| i2
Technologies, Inc.(1) | 44,780 | 504,223 |
| Konami Corp. | 80,300 | 3,064,143 |
| Microsoft Corp. | 1,427,724 | 40,518,807 |
| NAVTEQ Corp.(1) | 64,478 | 4,384,504 |
| Nintendo Co., Ltd. | 1,600 | 838,347 |
| Oracle Corp.(1) | 979,470 | 19,158,433 |
| Oracle Corp. Japan | 10,800 | 503,226 |
| TiVo, Inc.(1) | 242,835 | 2,127,235 |
| Trend Micro, Inc. | 62,897 | 2,485,788 |
| | | $ 90,801,257 |
| Specialty
Retail — 1.4% | | |
| Abercrombie &
Fitch Co., Class A | 30,198 | $ 2,208,682 |
| Aoyama Trading Co., Ltd. | 4,915 | 106,584 |
| Autobacs Seven Co., Ltd. | 13,300 | 366,921 |
| Best Buy Co., Inc. | 74,789 | 3,100,752 |
| Fast Retailing Co., Ltd. | 66,200 | 5,908,641 |
| Home Depot, Inc. | 114,338 | 3,198,034 |
| Inditex SA | 39,946 | 2,225,294 |
| Kesa Electricals PLC | 295,229 | 1,212,535 |
| Kingfisher PLC | 252,177 | 663,992 |
| Limited Brands, Inc. | 115,104 | 1,968,278 |
| OfficeMax, Inc. | 26,794 | 512,837 |
| Staples, Inc. | 194,492 | 4,300,218 |
| Tiffany & Co. | 13,839 | 579,024 |
| TJX Companies, Inc.
(The) | 25,596 | 846,460 |
| Yamada Denki Co., Ltd. | 2,300 | 200,823 |
| | | $ 27,399,075 |
| Textiles,
Apparel & Luxury Goods — 0.6% | | |
| Asics Corp. | 8,777 | $ 102,113 |
| Coach, Inc.(1) | 47,222 | 1,423,743 |
| Compagnie Financiere
Richemont AG, Class A | 33,833 | 1,907,256 |
| Crocs, Inc.(1) | 14,805 | 258,643 |
| Hanesbrands, Inc.(1) | 4,073 | 118,932 |
| Nike, Inc.,
Class B | 66,150 | 4,498,200 |
| Swatch Group AG,
Class B | 6,168 | 1,658,370 |
| Toyobo Co., Ltd. | 290,000 | 610,261 |
| | | $ 10,577,518 |

12

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| Thrifts &
Mortgage Finance — 0.3% — Countrywide Financial Corp. | 106,423 | $ 585,327 |
| --- | --- | --- |
| Federal National Mortgage
Association | 50,377 | 1,325,923 |
| Freddie Mac | 66,535 | 1,684,666 |
| MGIC Investment Corp. | 43,405 | 457,055 |
| Sovereign
Bancorp, Inc. | 196,914 | 1,835,238 |
| | | $ 5,888,209 |
| Tobacco —
1.0% | | |
| Altria Group, Inc. | 127,887 | $ 2,839,091 |
| Imperial Tobacco Group PLC | 46,553 | 2,146,783 |
| Philip Morris
International, Inc.(1) | 127,887 | 6,468,524 |
| Reynolds
American, Inc. | 73,886 | 4,361,491 |
| Swedish Match AB | 64,387 | 1,408,970 |
| UST, Inc. | 21,669 | 1,181,394 |
| | | $ 18,406,253 |
| Trading
Companies & Distributors — 0.4% | | |
| ITOCHU Corp. | 116,000 | $ 1,161,833 |
| Marubeni Corp. | 63,000 | 464,236 |
| Mitsubishi Corp. | 52,300 | 1,602,503 |
| Mitsui & Co., Ltd. | 157,962 | 3,246,200 |
| Toyota Tsusho Corp. | 49,991 | 1,075,224 |
| | | $ 7,549,996 |
| Transportation
Infrastructure — 0.1% | | |
| Societe des Autoroutes
Paris-Rhin-Rhone | 18,585 | $ 2,255,783 |
| | | $ 2,255,783 |
| Water
Utilities — 0.1% | | |
| Severn Trent PLC | 52,773 | $ 1,490,294 |
| | | $ 1,490,294 |
| Wireless
Telecommunication Services — 1.8% | | |
| Bouygues SA | 23,071 | $ 1,472,943 |
| KDDI Corp. | 673 | 4,145,568 |
| Millicom International
Cellular SA(1) | 23,628 | 2,234,027 |
| Rogers
Communications, Inc., Class B | 44,217 | 1,588,275 |
| Softbank Corp. | 196,098 | 3,598,922 |
| Vodafone Group PLC | 7,018,130 | 20,890,830 |
| | | $ 33,930,565 |
| Total Common Stocks (identified cost $1,679,696,585) | | $ 1,934,424,886 |
| Total Investments — 101.5% (identified cost $1,679,696,585) | | $ 1,934,424,886 |

*Covered Call Options Written — (1.8%)*

Description	Number — of Contracts	Strike — Price		Expiration — Date	Value
Euro Stoxx 50 Index	34,798	EUR	3,650	4/18/08	$ (3,815,631	)
FTSE 100 Index	9,493	GBP	5,700	4/18/08	(2,386,718	)
Nasdaq 100 Index	1,000	$	1,775	4/19/08	(4,620,000	)
Nasdaq 100 Index	570	$	1,825	4/19/08	(1,311,000	)
Nasdaq 100 Index	810	$	1,750	4/19/08	(5,362,200	)
Nikkei Index	1,510,525	JPY	13,500	4/11/08	(463,429	)

13

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S&P 500 Index	950	$	1,315	4/19/08	$	)
S&P 500 Index	2,149	$	1,325	4/19/08	(5,501,440	)
S&P 500 Index	1,525	$	1,340	4/19/08	(3,050,000	)
S&P 500 Index	159	$	1,345	4/19/08	(323,247	)
SMI Index	5,095	CHF	7,150	4/18/08	(881,406	)
TOP1 Index	12,339	JPY	268	4/15/08	(3,886,785	)
Total Covered Call Options Written (premiums received $32,118,486)					$ (35,021,856	)
Other
Assets, Less Liabilities — 0.3%					$ 6,315,520
Net
Assets — 100.0%					$ 1,905,718,550

ADR	—	American Depository Receipt
CHF	—	Swiss Franc
EUR	—	Euro
GBP	—	British Pound Sterling
JPY	—	Japanese Yen
(1)		Non-income producing
security.

*Country Concentration of Portfolio*

Country	Percentage of Net Assets	Value
United States	52.3 %	$ 997,604,011
Japan	10.3	195,855,250
United Kingdom	10.0	190,248,152
France	6.0	114,806,942
Germany	5.5	105,303,588
Switzerland	4.2	79,416,837
Spain	2.8	53,421,914
Netherlands	2.5	47,375,766
Italy	2.2	42,207,191
Canada	1.3	25,809,635
Luxemburg	0.9	17,688,855
Finland	0.8	15,310,143
Cayman Islands	0.8	14,718,672
Sweden	0.4	6,879,550
Panama	0.3	5,101,209
Denmark	0.3	4,847,376
Other Countries, less than 0.3% each	0.9	17,829,795
	101.5 %	$ 1,934,424,886

The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2008, as determined on a federal income tax basis, were as follows:

Aggregate cost	$
Gross unrealized appreciation	336,875,067
Gross unrealized depreciation	(83,207,588	)
Net unrealized appreciation	$ 253,667,479

Written call option activity for the period ended March 31, 2008 was as follows:

Outstanding, beginning of period	Number of Contracts — 1,481,404		Premiums Received — $ 30,896,320
Options written	4,759,112		89,661,949
Options terminated in closing purchase
transactions	(4,625,866	)	(74,984,199	)
Options expired	(35,237	)	(13,455,584	)
Outstanding, end of period	1,579,413		$ 32,118,486

All of the assets of the Fund are subject to segregation to satisfy the requirements of the escrow agent. At March 31, 2008 , the Fund had sufficient cash and/or securities to cover commitments under these contracts.

14

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The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157 (FAS 157), “Fair Value Measurements”, effective January 1, 2008. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

| · | Level 1 – quoted prices in
active markets for identical investments |
| --- | --- |
| · | Level 2 – other
significant observable inputs (including quoted prices for similar
investments, interest rates, prepayment speeds, credit risk, etc.) |
| · | Level 3 – significant
unobservable inputs (including a fund’s own assumptions in determining the
fair value of investments) |

At March 31, 2008, the inputs used in valuing the Fund’s investments, which are carried at value, were as follows:

| Level 1 | Valuation Inputs — Quoted
Prices | Investments in Securities — $ 1,059,376,099 | Other Financial Instruments* — $ (35,021,856 | ) |
| --- | --- | --- | --- | --- |
| Level 2 | Other
Significant Observable Inputs | 875,048,787 | — | |
| Level 3 | Significant
Unobservable Inputs | — | — | |
| Total | | $ 1,934,424,886 | $ (35,021,856 | ) |

*Other financial instruments include written call options, which are valued at the unrealized appreciation (depreciation) on the instrument.

The Fund held no investments or other financial instruments as of December 31, 2007 whose fair value was determined using Level 3 inputs.

Equity securities listed on a U.S. securities exchange generally are valued at the last sale price on the day of valuation or, if no sales took place on such date, at the mean between the closing bid and asked prices therefore on the exchange where such securities are principally traded. Equity securities listed on the NASDAQ Global or Global Select Market generally are valued at the NASDAQ official closing price. Unlisted or listed securities for which closing sales prices or closing quotations are not available are valued at the mean between the latest available bid and asked prices or, in the case of preferred equity securities that are not listed or traded in the over-the-counter market, by an independent pricing service. Exchange-traded options are valued at the last sale price for the day of valuation as quoted on the principal exchange or board of trade on which the options are traded or, in the absence of sales on such date, at the mean between the latest bid and asked prices therefore. Over-the-counter options are valued based on broker quotations. Short-term debt securities with a remaining maturity of sixty days or less are valued at amortized cost, which approximates market value. If short-term debt securities are acquired with a remaining maturity of more than sixty days, they will be valued by a pricing service. Other fixed income and debt securities, including listed securities and securities for which price quotations are available, will normally be valued on the basis of valuations furnished by a pricing service. Valuations for debt obligations are derived from the pricing vendors’ proprietary pricing models. Inputs to the models may include, but are not limited to, reported trades, executable bid and asked prices, broker/dealer quotations, benchmark curves or information pertaining to the issuer. The pricing vendor may use a matrix approach which considers information regarding securities with similar characteristics in order to determine the valuation for a security. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rate quotations supplied by an independent quotation service. The independent service uses a proprietary model to determine the exchange rate. Inputs to the model include reported trades and implied bid/ask spreads. The daily valuation of exchange-traded foreign securities generally is determined as of the close of trading on the principal exchange on which such securities trade. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Trustees have approved the use of a fair value service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair valued securities. Investments for which valuations or market quotations are not readily available are valued at fair value using methods determined in good faith by or at the direction of the Trustees of the Fund considering relevant factors, data and information including the market value of freely tradable securities of the same class in the principal market on which such securities are normally traded.

15

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*Item 2. Controls and Procedures*

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

By:	/s/ Duncan W. Richardson
	Duncan W. Richardson
	President
Date:	May 21, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Duncan W. Richardson
	Duncan W. Richardson
	President
Date:	May 21, 2008
By:	/s/ Barbara E. Campbell
	Barbara E. Campbell
	Treasurer
Date:	May 21, 2008

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