Regulatory Filings • May 28, 2009
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Download Source FileN-Q 1 b75457a1nvq.htm TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND nvq PAGEBREAK
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Form N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
811-21745
Investment Company Act File Number
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
(Exact Name of Registrant as Specified in Charter)
Two International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrants Telephone Number, Including Area Code)
December 31
Date of Fiscal Year End
March 31, 2009
Date of Reporting Period
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| Item 2. Controls and Procedures |
| Signatures |
| Certifications |
/TOC
Table of Contents
link2 "Item 1. Schedule of Investments"
Item 1. Schedule of Investments
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Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund as of March 31, 2009
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks 103.4%
| Security | Value | |
|---|---|---|
| Aerospace & Defense 0.9% | ||
| European Aeronautic Defence & Space Co. | 47,383 | $ 550,583 |
| General Dynamics Corp. | 66,702 | 2,774,136 |
| Honeywell International, Inc. | 106,620 | 2,970,433 |
| L-3 Communications Holdings, Inc. | 18,594 | 1,260,673 |
| Rockwell Collins, Inc. | 59,584 | 1,944,822 |
| Rolls-Royce Group | ||
| PLC (1) | 179,623 | 756,641 |
| $ 10,257,288 | ||
| Air Freight & Logistics 0.7% | ||
| CH Robinson Worldwide, Inc. | 81,714 | $ 3,726,976 |
| Deutsche Post AG | 122,561 | 1,320,614 |
| Expeditors International of Washington, Inc. | 94,273 | 2,666,983 |
| FedEx Corp. | 28,786 | 1,280,689 |
| $ 8,995,262 | ||
| Airlines 0.1% | ||
| Air France-KLM | 111,870 | $ 994,693 |
| Ryanair Holdings PLC | ||
| ADR (1) | 25,702 | 593,973 |
| $ 1,588,666 | ||
| Auto Components 0.3% | ||
| Aisin Seiki Co., Ltd. | 15,600 | $ 250,326 |
| Cooper Tire & Rubber Co. | 30,158 | 121,838 |
| Denso Corp. | 65,300 | 1,320,062 |
| Johnson Controls, Inc. | 114,456 | 1,373,472 |
| Tokai Rika Co., Ltd. | 26,100 | 262,846 |
| Toyota Boshoku Corp. | 28,200 | 293,950 |
| Toyota Industries Corp. | 8,600 | 185,243 |
| $ 3,807,737 | ||
| Automobiles 1.4% | ||
| DaimlerChrysler AG | 122,491 | $ 3,086,203 |
| Honda Motor Co., Ltd. | 151,500 | 3,606,574 |
| Isuzu Motors, Ltd. | 311,000 | 381,979 |
| Mazda Motor Corp. | 125,000 | 211,904 |
| Nissan Motor Co., Ltd. | 218,500 | 789,731 |
| Toyota Motor Corp. | 61,907 | 1,966,405 |
| Volkswagen AG | 21,183 | 6,505,010 |
| Yamaha Motor Co., Ltd. | 22,100 | 198,278 |
| $ 16,746,084 |
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| Security | Value | |
|---|---|---|
| Beverages 1.4% | ||
| Carlsberg A/S, Class B | 15,753 | $ 646,875 |
| Coca-Cola Co. (The) | 90,906 | 3,995,319 |
| Coca-Cola West Co., Ltd. | 26,200 | 419,170 |
| Constellation Brands, Inc., | ||
| Class A (1) | 34,264 | 407,742 |
| Heineken Holding NV, Class A | 51,223 | 1,241,775 |
| Heineken NV | 30,199 | 857,869 |
| Kirin Holdings Co., Ltd. | 43,000 | 459,372 |
| Pepsi Bottling Group, Inc. | 34,449 | 762,701 |
| PepsiCo, Inc. | 123,412 | 6,353,250 |
| Pernod-Ricard SA | 11,630 | 648,135 |
| Sapporo Holdings, Ltd. | 128,000 | 490,039 |
| $ 16,282,247 | ||
| Biotechnology 3.7% | ||
| Amgen, | ||
| Inc. (1) | 227,600 | $ 11,270,752 |
| Biogen Idec, | ||
| Inc. (1) | 134,180 | 7,033,716 |
| Celgene | ||
| Corp. (1) | 168,251 | 7,470,344 |
| CV Therapeutics, | ||
| Inc. (1) | 35,295 | 701,665 |
| Gilead Sciences, | ||
| Inc. (1) | 353,310 | 16,365,319 |
| Martek Biosciences Corp. | 56,488 | 1,030,906 |
| Regeneron Pharmaceuticals, | ||
| Inc. (1) | 42,972 | 595,592 |
| $ 44,468,294 | ||
| Building Products 0.2% | ||
| Asahi Glass Co., Ltd. | 38,776 | $ 205,860 |
| Daikin Industries, Ltd. | 78,700 | 2,166,769 |
| Masco Corp. | 59,062 | 412,253 |
| $ 2,784,882 | ||
| Capital Markets 1.8% | ||
| Bank of New York Mellon Corp. (The) | 119,790 | $ 3,384,067 |
| Charles Schwab Corp. (The) | 115,113 | 1,784,251 |
| Franklin Resources, Inc. | 43,596 | 2,348,517 |
| Goldman Sachs Group, Inc. | 27,535 | 2,919,261 |
| Investec PLC | 400,000 | 1,674,828 |
| Julius Baer Holding AG | 17,844 | 438,442 |
| Man Group PLC | 355,866 | 1,115,206 |
| Nomura Holdings, Inc. | 237,000 | 1,202,303 |
| Northern Trust Corp. | 31,017 | 1,855,437 |
| Schroders PLC | 115,586 | 1,310,288 |
| Shinko Securities Co., Ltd. | 105,000 | 207,267 |
| UBS AG (1) | 447,073 | 4,191,419 |
| $ 22,431,286 |
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| Security | Value | |
|---|---|---|
| Chemicals 1.8% | ||
| Air Liquide SA | 17,779 | $ 1,445,760 |
| Air Products and Chemicals, Inc. | 32,297 | 1,816,706 |
| BASF AG | 241,118 | 7,286,881 |
| Daicel Chemical Industries, Ltd. | 50,000 | 180,220 |
| Dow Chemical Co. (The) | 92,442 | 779,286 |
| Eastman Chemical Co. | 22,700 | 608,360 |
| Hitachi Chemical Co., Ltd. | 20,200 | 244,337 |
| Kaneka Corp. | 57,000 | 281,817 |
| Mitsubishi Gas Chemical Co., Inc. | 173,000 | 748,448 |
| Monsanto Co. | 38,287 | 3,181,650 |
| Nitto Denko Corp. | 11,900 | 243,515 |
| Shin-Etsu Chemical Co., Ltd. | 47,300 | 2,323,863 |
| Showa Denko KK | 293,000 | 364,163 |
| Sumitomo Chemical Co., Ltd. | 134,000 | 460,682 |
| Taiyo Nippon Sanso Corp. | 72,000 | 475,220 |
| Toray Industries, Inc. | 261,000 | 1,052,230 |
| Tosoh Corp. | 172,000 | 327,896 |
| $ 21,821,034 | ||
| Commercial Banks 4.5% | ||
| Banco Santander Central Hispano SA | 1,596,786 | $ 11,009,495 |
| Bank of Nova Scotia | 32,994 | 809,013 |
| BNP Paribas SA | 142,080 | 5,861,727 |
| Gunma Bank, Ltd. | 149,000 | 810,758 |
| Hachijuni Bank, Ltd. (The) | 128,000 | 746,741 |
| Hiroshima Bank, Ltd. (The) | 151,000 | 578,726 |
| HSBC Holdings PLC | 1,875,426 | 10,441,578 |
| Intesa Sanpaolo SpA | 1,720,258 | 4,731,535 |
| Lloyds Banking Group PLC | 1,100,000 | 1,113,695 |
| Mizuho Financial Group, Inc. | 137,000 | 267,528 |
| Royal Bank of Canada | 58,284 | 1,685,573 |
| Shinsei Bank, | ||
| Ltd. (1) | 256,000 | 260,130 |
| Societe Generale | 182,224 | 7,128,029 |
| Sumitomo Mitsui Financial Group, Inc. | 9,208 | 324,226 |
| Toronto-Dominion Bank | 31,546 | 1,090,861 |
| UniCredit SpA | 1,896,766 | 3,121,820 |
| Wells Fargo & Co. | 299,713 | 4,267,913 |
| $ 54,249,348 | ||
| Commercial Services & | ||
| Supplies 0.4% | ||
| Avery Dennison Corp. | 23,372 | $ 522,130 |
| Republic Services, Inc. | 15,222 | 261,057 |
| SECOM Co., Ltd. | 70,000 | 2,591,718 |
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| Security | Value | |
|---|---|---|
| Serco Group PLC | 144,136 | $ 755,257 |
| Waste Management, Inc. | 41,988 | 1,074,893 |
| $ 5,205,055 | ||
| Communications Equipment 5.2% | ||
| Brocade Communications Systems, | ||
| Inc. (1) | 29,461 | $ 101,640 |
| Cisco Systems, | ||
| Inc. (1) | 1,016,204 | 17,041,741 |
| Corning, Inc. | 98,620 | 1,308,687 |
| Harris Corp. | 45,732 | 1,323,484 |
| Nokia Oyj | 655,135 | 7,662,077 |
| QUALCOMM, Inc. | 724,835 | 28,203,330 |
| Research In Motion, | ||
| Ltd. (1) | 124,600 | 5,366,522 |
| Riverbed Technology, | ||
| Inc. (1) | 80,237 | 1,049,500 |
| $ 62,056,981 | ||
| Computers & Peripherals 5.2% | ||
| Apple, | ||
| Inc. (1) | 387,722 | $ 40,757,337 |
| Dell, | ||
| Inc. (1) | 314,244 | 2,979,033 |
| Hewlett-Packard Co. | 241,463 | 7,741,304 |
| International Business Machines Corp. | 87,667 | 8,494,056 |
| Mitsumi Electric Co., Ltd. | 38,000 | 555,058 |
| NEC | ||
| Corp. (1) | 122,000 | 331,810 |
| Seagate Technology | 303,843 | 1,826,096 |
| $ 62,684,694 | ||
| Construction & Engineering 0.4% | ||
| Bouygues SA | 25,787 | $ 921,498 |
| Chiyoda Corp. | 78,000 | 422,253 |
| Fluor Corp. | 9,129 | 315,407 |
| Granite Construction, Inc. | 21,951 | 822,723 |
| Hochtief AG | 28,374 | 1,068,960 |
| JGC Corp. | 69,000 | 796,723 |
| Obayashi Corp. | 212,000 | 1,034,357 |
| $ 5,381,921 | ||
| Construction Materials 0.2% | ||
| Lafarge SA | 15,932 | $ 719,274 |
| Taiheiyo Cement Corp. | 250,000 | 368,244 |
| Vulcan Materials Co. | 24,404 | 1,080,853 |
| $ 2,168,371 | ||
| Consumer Finance 0.2% | ||
| American Express Co. | 65,608 | $ 894,237 |
| Discover Financial Services | 59,731 | 376,903 |
| ORIX | ||
| Corp. (1) | 10,080 | 331,747 |
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| Security | Value | |
|---|---|---|
| SLM | ||
| Corp. (1) | 97,247 | $ 481,373 |
| Takefuji Corp. | 30,880 | 146,057 |
| $ 2,230,317 | ||
| Containers & Packaging 0.2% | ||
| Bemis Co., Inc. | 27,217 | $ 570,740 |
| Rexam PLC | 321,632 | 1,242,891 |
| Toyo Seikan Kaisha, Ltd. | 51,400 | 758,710 |
| $ 2,572,341 | ||
| Distributors 0.3% | ||
| Canon Marketing Japan, Inc. | 39,000 | $ 549,419 |
| Genuine Parts Co. | 56,294 | 1,680,939 |
| LKQ | ||
| Corp. (1) | 61,787 | 881,700 |
| $ 3,112,058 | ||
| Diversified Consumer Services 0.1% | ||
| H&R Block, Inc. | 65,199 | $ 1,185,970 |
| $ 1,185,970 | ||
| Diversified Financial Services 1.1% | ||
| CME Group, Inc. | 8,790 | $ 2,165,768 |
| Fortis | 814,958 | 1,488,991 |
| Groupe Bruxelles Lambert SA | 6,437 | 437,043 |
| JPMorgan Chase & Co. | 285,692 | 7,593,693 |
| Moodys Corp. | 76,959 | 1,763,900 |
| $ 13,449,395 | ||
| Diversified Telecommunication | ||
| Services 3.8% | ||
| AT&T, Inc. | 317,811 | $ 8,008,837 |
| Deutsche Telekom AG | 506,497 | 6,273,463 |
| France Telecom SA | 274,954 | 6,268,167 |
| Frontier Communications Corp. | 88,967 | 638,783 |
| Nippon Telegraph & Telephone Corp. | 10,100 | 385,464 |
| Telefonica SA | 796,352 | 15,880,305 |
| Verizon Communications, Inc. | 246,478 | 7,443,636 |
| Windstream Corp. | 100,356 | 808,869 |
| $ 45,707,524 | ||
| Electric Utilities 2.1% | ||
| Duke Energy Corp. | 129,531 | $ 1,854,884 |
| E.ON AG | 283,085 | 7,851,107 |
| Edison International | 145,468 | 4,190,933 |
| Enel SpA | 1,137,993 | 5,456,977 |
| Hokkaido Electric Power Co. | 13,500 | 271,460 |
| Iberdrola SA | 371,167 | 2,603,739 |
| Kyushu Electric Power Co., Inc. | 13,400 | 300,862 |
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| Security | Value | |
|---|---|---|
| Shikoku Electric Power Co. | 6,300 | $ 168,254 |
| Tokyo Electric Power Co., Inc. | 21,001 | 524,891 |
| Union Fenosa SA | 61,836 | 1,477,598 |
| $ 24,700,705 | ||
| Electrical Equipment 1.1% | ||
| ABB, | ||
| Ltd. (1) | 433,638 | $ 6,047,845 |
| Cooper Industries, Ltd., Class A | 30,705 | 794,031 |
| Emerson Electric Co. | 127,413 | 3,641,464 |
| Energy Conversion Devices, | ||
| Inc. (1) | 7,332 | 97,296 |
| First Solar, | ||
| Inc. (1) | 18,250 | 2,421,775 |
| Fujikura, Ltd. | 69,000 | 192,388 |
| Suntech Power Holdings Co., Ltd. | ||
| ADR (1) | 19,232 | 224,822 |
| $ 13,419,621 | ||
| Electronic Equipment, Instruments & | ||
| Components 0.9% | ||
| Hoya Corp. | 13,600 | $ 270,661 |
| Ibiden Co., Ltd. | 16,500 | 403,607 |
| Keyence Corp. | 2,310 | 437,021 |
| Kyocera Corp. | 73,234 | 4,888,300 |
| Mabuchi Motor Co., Ltd. | 10,900 | 443,962 |
| Nippon Electric Glass Co., Ltd. | 40,000 | 283,701 |
| Omron Corp. | 16,500 | 195,706 |
| Taiyo Yuden Co., Ltd. | 125,000 | 962,483 |
| TDK Corp. | 63,500 | 2,400,286 |
| Yaskawa Electric Corp. | 50,000 | 218,877 |
| $ 10,504,604 | ||
| Energy Equipment & | ||
| Services 0.6% | ||
| CARBO Ceramics, Inc. | 29,215 | $ 830,875 |
| Complete Production Services, | ||
| Inc. (1) | 41,752 | 128,596 |
| Halliburton Co. | 130,037 | 2,011,672 |
| Schlumberger, Ltd. | 59,785 | 2,428,467 |
| Transocean, | ||
| Ltd. (1) | 28,078 | 1,652,110 |
| Willbros Group, | ||
| Inc. (1) | 25,872 | 250,958 |
| $ 7,302,678 | ||
| Food & Staples Retailing 2.3% | ||
| Circle K Sunkus Co., Ltd. | 16,500 | $ 235,223 |
| CVS Caremark Corp. | 191,781 | 5,272,060 |
| Familymart Co., Ltd. | 10,600 | 322,765 |
| Koninklijke Ahold NV | 122,728 | 1,344,205 |
| Kroger Co. (The) | 115,650 | 2,454,093 |
| Lawson, Inc. | 5,300 | 220,161 |
| Metro AG | 28,658 | 944,890 |
| Safeway, Inc. | 20,338 | 410,624 |
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| Security | Value | |
|---|---|---|
| Seven & I Holdings Co., Ltd. | 88,400 | $ 1,951,612 |
| Sysco Corp. | 99,048 | 2,258,294 |
| UNY Co., Ltd. | 52,000 | 412,306 |
| Wal-Mart Stores, Inc. | 216,471 | 11,278,139 |
| $ 27,104,372 | ||
| Food Products 3.0% | ||
| Cadbury PLC | 63,336 | $ 477,744 |
| Campbell Soup Co. | 17,968 | 491,604 |
| ConAgra Foods, Inc. | 77,043 | 1,299,715 |
| H.J. Heinz Co. | 59,510 | 1,967,401 |
| Hershey Co. (The) | 54,133 | 1,881,122 |
| Kraft Foods, Inc., Class A | 88,500 | 1,972,665 |
| Lindt & Spruengli AG | 353 | 472,220 |
| Nestle SA | 558,806 | 18,878,906 |
| Nippon Suisan Kaisha, Ltd. | 181,600 | 478,181 |
| Nissin Foods Holdings Co., Ltd. | 11,700 | 346,438 |
| Toyo Suisan Kaisha, Ltd. | 15,000 | 309,505 |
| Unilever NV | 368,724 | 7,264,289 |
| Yakult Honsha Co., Ltd. | 11,000 | 196,830 |
| $ 36,036,620 | ||
| Gas Utilities 0.8% | ||
| Gas Natural SDG SA | 45,614 | $ 624,588 |
| GDF Suez | 234,378 | 8,037,895 |
| Snam Rete Gas | 260,064 | 1,395,411 |
| $ 10,057,894 | ||
| Health Care Equipment & | ||
| Supplies 1.4% | ||
| Boston Scientific | ||
| Corp. (1) | 231,022 | $ 1,836,625 |
| Cooper Cos., Inc. (The) | 16,718 | 442,024 |
| Covidien, Ltd. | 84,924 | 2,822,874 |
| Edwards Lifesciences | ||
| Corp. (1) | 7,026 | 425,986 |
| Hologic, | ||
| Inc. (1) | 67,694 | 886,114 |
| Immucor, | ||
| Inc. (1) | 43,389 | 1,091,233 |
| Intuitive Surgical, | ||
| Inc. (1) | 17,782 | 1,695,692 |
| Medtronic, Inc. | 159,154 | 4,690,268 |
| Olympus Optical Corp. | 37,000 | 603,788 |
| Terumo Corp. | 65,400 | 2,429,331 |
| $ 16,923,935 | ||
| Health Care Providers & | ||
| Services 1.1% | ||
| DaVita, | ||
| Inc. (1) | 22,729 | $ 998,940 |
| Humana, | ||
| Inc. (1) | 35,364 | 922,293 |
| IMS Health, Inc. | 20,213 | 252,056 |
| Laboratory Corp. of America | ||
| Holdings (1) | 22,532 | 1,317,897 |
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| Security | Value | |
|---|---|---|
| Lincare Holdings, | ||
| Inc. (1) | 56,738 | $ 1,236,888 |
| McKesson Corp. | 85,303 | 2,989,017 |
| Medco Health Solutions, | ||
| Inc. (1) | 77,226 | 3,192,523 |
| UnitedHealth Group, Inc. | 113,398 | 2,373,420 |
| $ 13,283,034 | ||
| Hotels, Restaurants & | ||
| Leisure 1.1% | ||
| Accor SA | 26,214 | $ 912,338 |
| Carnival Corp., Unit | 22,815 | 492,804 |
| International Game Technology | 64,170 | 591,647 |
| Marriott International, Inc., Class A | 107,229 | 1,754,266 |
| Starbucks | ||
| Corp. (1) | 318,156 | 3,534,713 |
| Starwood Hotels & Resorts Worldwide, Inc. | 54,114 | 687,248 |
| Wynn Resorts, | ||
| Ltd. (1) | 27,627 | 551,711 |
| Yum! Brands, Inc. | 157,714 | 4,333,981 |
| $ 12,858,708 | ||
| Household Durables 0.6% | ||
| Casio Computer Co., Ltd. | 77,300 | $ 552,887 |
| Makita Corp. | 9,200 | 210,112 |
| Ryland Group, Inc. | 37,074 | 617,653 |
| Sekisui Chemical Co., Ltd. | 122,000 | 609,363 |
| Sharp Corp. | 88,000 | 704,195 |
| Snap-On, Inc. | 15,120 | 379,512 |
| Sony Corp. | 81,400 | 1,683,717 |
| Stanley Works (The) | 48,688 | 1,417,795 |
| Whirlpool Corp. | 36,102 | 1,068,258 |
| $ 7,243,492 | ||
| Household Products 1.3% | ||
| Clorox Co. (The) | 36,298 | $ 1,868,621 |
| Colgate-Palmolive Co. | 28,351 | 1,672,142 |
| Kao Corp. | 108,654 | 2,120,100 |
| Procter & Gamble Co. | 192,358 | 9,058,138 |
| Uni-Charm Corp. | 8,500 | 516,674 |
| $ 15,235,675 | ||
| Independent Power Producers & Energy | ||
| Traders 0.1% | ||
| AES Corp. | ||
| (The) (1) | 97,536 | $ 566,684 |
| NRG Energy, | ||
| Inc. (1) | 39,661 | 698,034 |
| $ 1,264,718 | ||
| Industrial Conglomerates 1.6% | ||
| 3M Co. | 82,273 | $ 4,090,614 |
| General Electric Co. | 616,068 | 6,228,447 |
| Hankyu Hanshin Holdings, Inc. | 39,128 | 177,945 |
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| Security | Value | |
|---|---|---|
| Siemens AG | 155,733 | $ 8,890,734 |
| Textron, Inc. | 29,211 | 167,671 |
| $ 19,555,411 | ||
| Insurance 3.3% | ||
| ACE, Ltd. | 70,355 | $ 2,842,342 |
| Aioi Insurance Co., Ltd. | 108,000 | 420,508 |
| Allianz SE | 85,301 | 7,139,908 |
| AON Corp. | 81,816 | 3,339,729 |
| AXA SA | 428,404 | 5,141,894 |
| Cincinnati Financial Corp. | 140,338 | 3,209,530 |
| CNP Assurances | 14,204 | 895,792 |
| Corporacion Mapfre SA | 200,954 | 440,042 |
| Marsh & McLennan Cos., Inc. | 111,769 | 2,263,322 |
| MetLife, Inc. | 112,391 | 2,559,143 |
| Muenchener Rueckversicherungs-Gesellschaft AG | 47,495 | 5,783,276 |
| Nipponkoa Insurance Co., Ltd. | 39,000 | 225,810 |
| Old Mutual PLC | 3,533,145 | 2,630,317 |
| RSA Insurance Group PLC | 330,365 | 616,056 |
| Sony Financial Holdings, Inc. | 136 | 366,792 |
| T & D Holdings, Inc. | 34,550 | 841,453 |
| TrygVesta AS | 13,598 | 688,060 |
| $ 39,403,974 | ||
| Internet & Catalog Retail 0.6% | ||
| Amazon.com, | ||
| Inc. (1) | 92,872 | $ 6,820,520 |
| Liberty Media Corp. - Interactive, | ||
| Class A (1) | 269,363 | 781,153 |
| $ 7,601,673 | ||
| Internet Software & | ||
| Services 2.4% | ||
| Akamai Technologies, | ||
| Inc. (1) | 49,843 | $ 966,954 |
| Ariba, | ||
| Inc. (1) | 55,338 | 483,101 |
| eBay, | ||
| Inc. (1) | 265,244 | 3,331,465 |
| Google, Inc., | ||
| Class A (1) | 51,959 | 18,084,850 |
| MercadoLibre, | ||
| Inc. (1) | 23,884 | 443,048 |
| Omniture, | ||
| Inc. (1) | 29,159 | 384,607 |
| VeriSign, | ||
| Inc. (1) | 132,262 | 2,495,784 |
| Yahoo!, | ||
| Inc. (1) | 170,044 | 2,178,264 |
| $ 28,368,073 | ||
| IT Services 1.2% | ||
| Accenture, Ltd., Class A | 22,699 | $ 623,996 |
| CapGemini SA | 47,121 | 1,514,426 |
| Cognizant Technology Solutions | ||
| Corp. (1) | 179,418 | 3,730,100 |
| CSK Holdings | ||
| Corp. (1) | 126,500 | 315,032 |
| Fidelity National Information Services, Inc. | 51,873 | 944,089 |
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| Security | Value | |
|---|---|---|
| Infosys Technologies, Ltd. ADR | 107,814 | $ 2,871,087 |
| MasterCard, Inc., Class A | 5,421 | 907,909 |
| Nomura Research Institute, Ltd. | 14,000 | 219,762 |
| NTT Data Corp. | 731 | 2,002,545 |
| Obic Co., Ltd. | 2,060 | 259,577 |
| Otsuka Corp. | 4,700 | 175,746 |
| Western Union Co. | 89,601 | 1,126,285 |
| $ 14,690,554 | ||
| Leisure Equipment & | ||
| Products 0.2% | ||
| Hasbro, Inc. | 26,234 | $ 657,686 |
| Mattel, Inc. | 31,709 | 365,605 |
| Nikon Corp. | 75,000 | 853,581 |
| Sankyo Co., Ltd. | 4,000 | 174,814 |
| Sega Sammy Holdings, Inc. | 36,300 | 321,992 |
| $ 2,373,678 | ||
| Life Sciences Tools & | ||
| Services 0.1% | ||
| PerkinElmer, Inc. | 27,425 | $ 350,217 |
| Thermo Fisher Scientific, | ||
| Inc. (1) | 36,262 | 1,293,466 |
| $ 1,643,683 | ||
| Machinery 1.8% | ||
| AGCO | ||
| Corp. (1) | 30,980 | $ 607,208 |
| Caterpillar, Inc. | 46,992 | 1,313,896 |
| Dover Corp. | 15,298 | 403,561 |
| Eaton Corp. | 46,216 | 1,703,522 |
| Fanuc, Ltd. | 63,627 | 4,351,897 |
| Hitachi Construction Machinery Co., Ltd. | 82,900 | 1,094,478 |
| Ingersoll-Rand Co., Ltd., Class A | 141,103 | 1,947,221 |
| Japan Steel Works, Ltd. | 135,000 | 1,287,074 |
| Kawasaki Heavy Industries, Ltd. | 107,000 | 214,811 |
| Komatsu, Ltd. | 93,000 | 1,029,209 |
| Kurita Water Industries, Ltd. | 14,700 | 286,081 |
| MAN AG | 18,989 | 824,255 |
| Minebea Co., Ltd. | 67,127 | 247,247 |
| Mitsui Engineering & Shipbuilding Co., Ltd. | 266,000 | 449,700 |
| NGK Insulators, Ltd. | 91,000 | 1,423,293 |
| NSK, Ltd. | 96,000 | 372,625 |
| NTN Corp. | 195,000 | 553,400 |
| Pall Corp. | 30,660 | 626,384 |
| Parker Hannifin Corp. | 13,311 | 452,308 |
| Sandvik AB | 140,200 | 803,128 |
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| Security | Value | |
|---|---|---|
| Scania AB, Class B | 77,000 | $ 626,642 |
| SMC Corp. | 3,400 | 331,371 |
| Titan International, Inc. | 23,159 | 116,490 |
| $ 21,065,801 | ||
| Marine 0.1% | ||
| Mitsui O.S.K. Lines, Ltd. | 131,000 | $ 648,312 |
| $ 648,312 | ||
| Media 2.4% | ||
| British Sky Broadcasting Group PLC | 561,886 | $ 3,487,460 |
| CBS Corp., Class B | 203,865 | 782,842 |
| Comcast Corp., Class A | 888,706 | 12,121,950 |
| Comcast Corp., Special Class A | 144,653 | 1,861,684 |
| Daily Mail & General Trust NV, Class A | 123,299 | 412,791 |
| Focus Media Holding, Ltd. | ||
| ADR (1) | 44,518 | 302,722 |
| Gannett Co., Inc. | 51,742 | 113,832 |
| Lagardere SCA | 18,033 | 506,028 |
| Omnicom Group, Inc. | 109,132 | 2,553,689 |
| Publicis Groupe | 82,745 | 2,121,179 |
| Walt Disney Co. (The) | 218,622 | 3,970,176 |
| Wolters Kluwer NV | 39,260 | 636,392 |
| $ 28,870,745 | ||
| Metals & Mining 1.8% | ||
| Alcoa, Inc. | 129,184 | $ 948,211 |
| Anglo American PLC | 148,533 | 2,529,317 |
| Antofagasta PLC | 299,210 | 2,165,304 |
| ArcelorMittal | 142,034 | 2,898,012 |
| JFE Holdings, Inc. | 8,400 | 185,415 |
| Kobe Steel, Ltd. | 216,000 | 279,321 |
| Lonmin PLC | 36,876 | 753,868 |
| Mitsubishi Materials Corp. | 284,000 | 773,616 |
| Mitsui Mining & Smelting Co., | ||
| Ltd. (1) | 112,000 | 186,340 |
| Newmont Mining Corp. | 34,446 | 1,541,803 |
| Norsk Hydro ASA | 335,400 | 1,262,069 |
| Pacific Metals Co., Ltd. | 42,000 | 186,397 |
| Rio Tinto PLC | 160,570 | 5,391,638 |
| Sumitomo Metal Industries, Ltd. | 112,000 | 227,302 |
| Sumitomo Metal Mining Co., Ltd. | 80,000 | 769,163 |
| Toho Zinc Co., Ltd. | 117,000 | 300,260 |
| United States Steel Corp. | 40,717 | 860,350 |
| $ 21,258,386 |
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| Security | Value | |
|---|---|---|
| Multiline Retail 0.9% | ||
| Hankyu Department Stores | 29,000 | $ 167,204 |
| Kohls | ||
| Corp. (1) | 35,420 | 1,498,974 |
| Marks & Spencer Group PLC | 751,108 | 3,184,398 |
| PPR SA | 27,056 | 1,734,567 |
| Sears Holdings | ||
| Corp. (1) | 41,037 | 1,875,801 |
| Target Corp. | 70,056 | 2,409,226 |
| $ 10,870,170 | ||
| Multi-Utilities 1.2% | ||
| Centrica PLC | 307,754 | $ 1,004,611 |
| CMS Energy Corp. | 312,086 | 3,695,098 |
| Consolidated Edison, Inc. | 32,494 | 1,287,087 |
| Dominion Resources, Inc. | 34,329 | 1,063,856 |
| NorthWestern Corp. | 25,742 | 552,938 |
| Public Service Enterprise Group, Inc. | 144,782 | 4,266,726 |
| United Utilities Group PLC | 331,644 | 2,298,788 |
| $ 14,169,104 | ||
| Office Electronics 0.3% | ||
| Brother Industries, Ltd. | 31,000 | $ 229,804 |
| Canon, Inc. | 43,600 | 1,271,020 |
| Konica Minolta Holdings, Inc. | 90,000 | 784,493 |
| Ricoh Co., Ltd. | 59,000 | 713,423 |
| $ 2,998,740 | ||
| Oil, Gas & Consumable | ||
| Fuels 9.4% | ||
| Anadarko Petroleum Corp. | 39,019 | $ 1,517,449 |
| BP PLC | 2,335,205 | 15,658,450 |
| Chevron Corp. | 135,963 | 9,142,152 |
| ConocoPhillips | 144,488 | 5,658,150 |
| El Paso Corp. | 56,715 | 354,469 |
| ENI SpA | 426,500 | 8,257,992 |
| Exxon Mobil Corp. | 327,392 | 22,295,395 |
| Foundation Coal Holdings, Inc. | 32,272 | 463,103 |
| Goodrich Petroleum | ||
| Corp. (1) | 6,636 | 128,473 |
| Hess Corp. | 20,723 | 1,123,187 |
| Idemitsu Kosan Co., Ltd. | 3,100 | 234,184 |
| Independent Tankers Corp., | ||
| Ltd. (1) | 215 | 96 |
| Nippon Mining Holdings, Inc. | 118,000 | 472,977 |
| Peabody Energy Corp. | 48,072 | 1,203,723 |
| Petrohawk Energy | ||
| Corp. (1) | 46,910 | 902,079 |
| Royal Dutch Shell PLC, Class A | 521,693 | 11,728,064 |
| Royal Dutch Shell PLC, Class B | 414,555 | 9,018,591 |
| Southwestern Energy | ||
| Co. (1) | 24,167 | 717,518 |
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| Security | Value | |
|---|---|---|
| Suncor Energy, Inc. | 65,964 | $ 1,465,060 |
| TonenGeneral Sekiyu KK | 39,000 | 382,162 |
| Total SA | 356,989 | 17,652,890 |
| Williams Cos., Inc. | 159,612 | 1,816,385 |
| XTO Energy, Inc. | 77,523 | 2,373,754 |
| $ 112,566,303 | ||
| Paper & Forest Products 0.1% | ||
| International Paper Co. | 57,584 | $ 405,391 |
| Mondi PLC | 1 | 2 |
| OJI Paper Co., Ltd. | 143,000 | 585,824 |
| $ 991,217 | ||
| Personal Products 0.3% | ||
| Alberto-Culver Co. | 11,849 | $ 267,906 |
| Beiersdorf AG | 28,716 | 1,286,115 |
| Estee Lauder Cos., Inc., Class A | 41,517 | 1,023,394 |
| Oriflame Cosmetics SA | 29,484 | 920,547 |
| USANA Health Services, | ||
| Inc. (1) | 9,533 | 213,158 |
| $ 3,711,120 | ||
| Pharmaceuticals 9.0% | ||
| Abbott Laboratories | 155,754 | $ 7,429,466 |
| Allergan, Inc. | 41,914 | 2,001,813 |
| Astellas Pharma, Inc. | 84,600 | 2,618,042 |
| AstraZeneca PLC | 219,194 | 7,762,759 |
| Chugai Pharmaceuticals Co., Ltd. | 52,900 | 901,198 |
| Daiichi Sankyo Co., Ltd. | 82,300 | 1,383,712 |
| Eisai Co., Ltd. | 70,946 | 2,088,269 |
| Eli Lilly & Co. | 66,581 | 2,224,471 |
| Endo Pharmaceuticals Holdings, | ||
| Inc. (1) | 42,910 | 758,649 |
| GlaxoSmithKline PLC | 758,256 | 11,809,615 |
| Johnson & Johnson | 175,703 | 9,241,978 |
| King Pharmaceuticals, | ||
| Inc. (1) | 86,183 | 609,314 |
| Medicines | ||
| Co. (1) | 28,661 | 310,685 |
| Merck & Co., Inc. | 167,343 | 4,476,425 |
| Mylan, | ||
| Inc. (1) | 78,674 | 1,055,018 |
| Novartis AG | 281,243 | 10,640,425 |
| Ono Pharmaceutical Co., Ltd. | 14,100 | 618,830 |
| Pfizer, Inc. | 554,173 | 7,547,836 |
| Roche Holding AG | 91,418 | 12,547,134 |
| Sanofi-Aventis SA | 172,863 | 9,701,268 |
| Santen Pharmaceutical Co., Ltd. | 17,000 | 474,163 |
| Schering-Plough Corp. | 164,819 | 3,881,487 |
| Shionogi & Co., Ltd. | 56,000 | 965,259 |
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| Security | Value | |
|---|---|---|
| Shire PLC | 52,086 | $ 637,852 |
| Takeda Pharmaceutical Co., Ltd. | 61,231 | 2,124,383 |
| Tanabe Seiyaku Co., Ltd. | 28,000 | 278,748 |
| Wyeth | 99,104 | 4,265,436 |
| $ 108,354,235 | ||
| Professional Services 0.2% | ||
| Equifax, Inc. | 15,217 | $ 372,056 |
| Manpower, Inc. | 13,198 | 416,133 |
| Monster Worldwide, | ||
| Inc. (1) | 92,909 | 757,208 |
| Robert Half International, Inc. | 73,835 | 1,316,478 |
| $ 2,861,875 | ||
| Real Estate Investment Trusts | ||
| (REITs) 0.2% | ||
| British Land Co. PLC | 87,921 | $ 454,291 |
| Japan Real Estate Investment Corp. | 50 | 384,110 |
| Japan Retail Fund Investment Corp. | 50 | 191,522 |
| Nippon Building Fund, Inc. | 50 | 432,149 |
| Simon Property Group, Inc. | 36,625 | 1,268,690 |
| $ 2,730,762 | ||
| Real Estate Management & | ||
| Development 0.1% | ||
| Daito Trust Construction Co., Ltd. | 5,400 | $ 182,044 |
| Heiwa Real Estate Co., Ltd. | 448,500 | 984,069 |
| LEOPALACE21 Corp. | 66,600 | 398,206 |
| $ 1,564,319 | ||
| Road & Rail 0.7% | ||
| Central Japan Railway Co. | 79 | $ 445,467 |
| CSX Corp. | 48,354 | 1,249,951 |
| East Japan Railway Co. | 12,600 | 656,891 |
| JB Hunt Transport Services, Inc. | 116,477 | 2,808,260 |
| Keio Corp. | 139,000 | 791,505 |
| Kinetsu Corp. | 91,000 | 378,296 |
| Norfolk Southern Corp. | 41,055 | 1,385,606 |
| Ryder System, Inc. | 14,154 | 400,700 |
| Tobu Railway Co., Ltd. | 154,000 | 781,289 |
| $ 8,897,965 | ||
| Semiconductors & Semiconductor | ||
| Equipment 3.3% | ||
| Advantest Corp. | 110,000 | $ 1,661,023 |
| Applied Materials, Inc. | 477,645 | 5,134,684 |
| Atheros Communications, | ||
| Inc. (1) | 66,024 | 967,912 |
| Broadcom Corp., | ||
| Class A (1) | 117,049 | 2,338,639 |
| Cavium Networks, | ||
| Inc. (1) | 124,631 | 1,438,242 |
| Cypress Semiconductor | ||
| Corp. (1) | 179,441 | 1,214,816 |
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| Security | Value | |
|---|---|---|
| Intel Corp. | 843,908 | $ 12,700,815 |
| KLA-Tencor Corp. | 138,609 | 2,772,180 |
| MEMC Electronic Materials, | ||
| Inc. (1) | 52,752 | 869,880 |
| Microchip Technology, Inc. | 139,305 | 2,951,873 |
| National Semiconductor Corp. | 69,755 | 716,384 |
| NVIDIA | ||
| Corp. (1) | 180,137 | 1,776,151 |
| ON Semiconductor | ||
| Corp. (1) | 150,228 | 585,889 |
| ROHM Co., Ltd. | 4,700 | 234,825 |
| Shinko Electric Industries | 44,200 | 425,790 |
| Sumco Corp. | 42,900 | 639,117 |
| Tessera Technologies, | ||
| Inc. (1) | 81,309 | 1,087,101 |
| Tokyo Electron, Ltd. | 62,500 | 2,340,857 |
| $ 39,856,178 | ||
| Software 5.3% | ||
| BMC Software, | ||
| Inc. (1) | 31,383 | $ 1,035,639 |
| Check Point Software Technologies, | ||
| Ltd. (1) | 149,951 | 3,330,412 |
| Citrix Systems, | ||
| Inc. (1) | 92,876 | 2,102,713 |
| Compuware | ||
| Corp. (1) | 52,384 | 345,211 |
| Concur Technologies, | ||
| Inc. (1) | 23,180 | 444,824 |
| Konami Corp. | 47,400 | 720,801 |
| Microsoft Corp. | 1,431,537 | 26,297,335 |
| Nintendo Co., Ltd. | 1,600 | 468,051 |
| Oracle | ||
| Corp. (1) | 1,042,819 | 18,843,739 |
| Oracle Corp. Japan | 15,200 | 577,657 |
| Red Hat, | ||
| Inc. (1) | 19,525 | 348,326 |
| Symantec | ||
| Corp. (1) | 420,373 | 6,280,373 |
| TiVo, | ||
| Inc. (1) | 108,706 | 765,290 |
| Trend Micro, Inc. | 63,397 | 1,811,039 |
| $ 63,371,410 | ||
| Specialty Retail 1.8% | ||
| AutoNation, | ||
| Inc. (1) | 104,541 | $ 1,451,029 |
| Best Buy Co., Inc. | 57,465 | 2,181,371 |
| Fast Retailing Co., Ltd. | 63,100 | 7,224,913 |
| Home Depot, Inc. | 114,605 | 2,700,094 |
| Isetan Mitsukoshi Holdings, Ltd., Class L | 71,332 | 552,024 |
| Limited Brands, Inc. | 36,921 | 321,213 |
| Nitori Co., Ltd. | 3,950 | 221,078 |
| OReilly Automotive, | ||
| Inc. (1) | 32,951 | 1,153,615 |
| Staples, Inc. | 222,003 | 4,020,474 |
| Tiffany & Co. | 33,012 | 711,739 |
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| Security | Value | |
|---|---|---|
| TJX Companies., Inc. (The) | 25,596 | $ 656,281 |
| Urban Outfitters, | ||
| Inc. (1) | 30,282 | 495,716 |
| Yamada Denki Co., Ltd. | 4,660 | 183,907 |
| $ 21,873,454 | ||
| Textiles, Apparel & Luxury | ||
| Goods 0.9% | ||
| Burberry Group PLC | 689,590 | $ 2,781,312 |
| Christian Dior SA | 12,210 | 668,822 |
| Coach, | ||
| Inc. (1) | 38,372 | 640,812 |
| Compagnie Financiere Richemont AG, Class A | 52,670 | 822,364 |
| Hanesbrands, | ||
| Inc. (1) | 4,073 | 38,979 |
| Nike, Inc., Class B | 79,633 | 3,733,991 |
| Nisshinbo Industries, Inc. | 172,000 | 1,639,401 |
| Swatch Group AG, Class B | 6,168 | 743,920 |
| $ 11,069,601 | ||
| Tobacco 1.8% | ||
| Altria Group, Inc. | 154,248 | $ 2,471,053 |
| British American Tobacco PLC | 280,829 | 6,487,396 |
| Imperial Tobacco Group PLC | 232,493 | 5,221,423 |
| Japan Tobacco, Inc. | 478 | 1,277,782 |
| Philip Morris International, Inc. | 138,852 | 4,940,354 |
| Swedish Match AB | 64,387 | 931,233 |
| $ 21,329,241 | ||
| Trading Companies & | ||
| Distributors 0.2% | ||
| Marubeni Corp. | 55,000 | $ 173,224 |
| Mitsubishi Corp. | 79,800 | 1,057,887 |
| Sumitomo Corp. | 153,500 | 1,333,836 |
| $ 2,564,947 | ||
| Transportation Infrastructure 0.2% | ||
| ADP | 11,573 | $ 616,145 |
| Societe des Autoroutes Paris-Rhin-Rhone | 18,585 | 1,185,438 |
| $ 1,801,583 | ||
| Water Utilities 0.1% | ||
| Severn Trent PLC | 52,773 | $ 748,949 |
| $ 748,949 | ||
| Wireless Telecommunication Services 1.6% | ||
| KDDI Corp. | 624 | $ 2,938,504 |
| NTT DoCoMo, Inc. | 121 | 164,855 |
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| Security | Value | |
|---|---|---|
| Rogers Communications, Inc., Class B | 48,136 | $ 1,098,945 |
| Softbank Corp. | 194,798 | 2,508,747 |
| Vodafone Group PLC | 7,274,719 | 12,683,153 |
| $ 19,394,204 | ||
| Total Common Stocks (identified cost $1,514,174,891) | $ 1,242,328,478 |
Investment Funds 0.1%
| Security | Value | |
|---|---|---|
| Alliance Trust PLC (The) | 163,948 | $ 624,788 |
| Total Investment Funds (identified cost $683,209) | $ 624,788 |
Rights 0.0%
| Security | Value | |
|---|---|---|
| Diversified Financial Services 0.0% | ||
| Fortis, Expires | ||
| 7/1/14 (1) | 111,868 | $ 0 |
| $ 0 | ||
| Insurance 0.0% | ||
| Corporacion Mapfre SA, Expires | ||
| 4/1/09 (1) | 200,954 | $ 2,670 |
| $ 2,670 | ||
| Total Rights (identified cost $0) | $ 2,670 | |
| Total Investments 103.5% (identified cost $1,514,858,100) | $ 1,242,955,936 |
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Covered Call Options Written (4.2)%
| Description | Number — of Contracts | Strike — Price | Date | Value | ||
|---|---|---|---|---|---|---|
| AMEX EUROTOP 100 Index | 12,662 | $ | 154 | 4/14/09 | $ (8,278,416 | ) |
| Dow Jones Euro Stoxx 50 Index | 43,291 | EUR | 2,050 | 4/17/09 | (4,325,235 | ) |
| FTSE 100 Index | 11,583 | GBP | 3,900 | 4/17/09 | (2,152,273 | ) |
| NASDAQ 100 Index | 1,827 | $ | 1,225 | 4/18/09 | (8,586,900 | ) |
| NASDAQ 100 Index | 354 | $ | 1,235 | 4/18/09 | (1,380,600 | ) |
| Nikkei 225 Index | 1,488,681 | JPY | 7,500 | 4/10/09 | (10,704,956 | ) |
| S&P 500 Index | 1,327 | $ | 785 | 4/18/09 | (4,511,800 | ) |
| S&P 500 Index | 2,846 | $ | 790 | 4/18/09 | (8,395,700 | ) |
| S&P 500 Index | 883 | $ | 815 | 4/18/09 | (1,589,400 | ) |
| SMI Index | 5,132 | CHF | 4,900 | 4/17/09 | (656,434 | ) |
| Total Covered Call Options Written (premiums received $35,510,902) | $ (50,581,714 | ) | ||||
| Other Assets, Less Liabilities 0.7% | $ 8,715,986 | |||||
| Net Assets 100.0% | $ 1,201,090,208 |
| ADR | - | American Depository Receipt |
|---|---|---|
| CHF | - | Swiss Franc |
| EUR | - | Euro |
| GBP | - | British Pound Sterling |
| JPY | - | Japanese Yen |
| (1) | Non-income producing security. |
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Country Concentration of Portfolio
| Country | Percentage — of Net Assets | Value |
|---|---|---|
| United States | 56.8 % | $ 681,903,698 |
| Japan | 10.8 | 130,073,216 |
| United Kingdom | 9.8 | 117,251,256 |
| France | 6.2 | 74,675,965 |
| Switzerland | 4.9 | 59,277,127 |
| Germany | 4.9 | 58,261,416 |
| Spain | 2.7 | 32,038,437 |
| Netherlands | 2.0 | 23,623,177 |
| Italy | 1.9 | 22,963,735 |
| Canada | 0.9 | 11,515,974 |
| Finland | 0.6 | 7,662,077 |
| Luxembourg | 0.3 | 3,818,559 |
| Bermuda | 0.3 | 3,365,344 |
| Israel | 0.3 | 3,330,412 |
| Other Countries, less than 0.3% each | 1.1 | 13,195,543 |
| 103.5 % | $ 1,242,955,936 |
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The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2009, as determined on a federal income tax basis, were as follows:
| Aggregate cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 64,731,056 | |
| Gross unrealized depreciation | (336,828,677 | ) |
| Net unrealized depreciation | $ (272,097,621 | ) |
Written call options activity for the fiscal year to date ended March 31, 2009 was as follows:
| Contracts | Received | |||
|---|---|---|---|---|
| Outstanding, beginning of period | 1,731,429 | $ | 46,546,455 | |
| Options written | 4,627,222 | 121,845,731 | ||
| Options terminated in closing purchase transactions | (4,753,982 | ) | (117,180,918 | ) |
| Options expired | (36,083 | ) | (15,700,366 | ) |
| Outstanding, end of period | 1,568,586 | $ | 35,510,902 |
All of the assets of the Fund are subject to segregation to satisfy the requirements of the escrow agent. At March 31, 2009, the Fund had sufficient cash and/or securities to cover commitments under these contracts.
The Fund is subject to equity price risk in the normal course of pursuing its investment objective. The Fund generally intends to write index call options above the current value of the index to generate premium income. In writing index call options, the Fund in effect, sells potential appreciation in the value of the applicable index above the exercise price in exchange for the option premium received. The Fund retains the risk of loss, minus the premium received, should the price of the underlying index decline.
At March 31, 2009, the aggregate fair value of derivative instruments in a liability position and whose primary underlying risk exposure is equity price risk was $50,581,714.
Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements, 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 funds own assumptions in determining the fair
value of investments) |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At March 31, 2009, the inputs used in valuing the Funds investments, which are carried at value, were as follows:
| Valuation Inputs | Investments in — Securities | Other Financial — Instruments* | ||
|---|---|---|---|---|
| Level 1 | Quoted Prices | $ 713,527,794 | $ (39,876,758 | ) |
| Level 2 | Other Significant Observable Inputs | 529,428,142 | (10,704,956 | ) |
| Level 3 | Significant Unobservable Inputs | | | |
| Total | $ 1,242,955,936 | $ (50,581,714 | ) |
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The Fund held no investments or other financial instruments as of December 31, 2008 whose fair value was determined using Level 3 inputs.
Exchange-traded options are valued at the last sale price for the day of valuation as quoted on any exchange on which the option is listed or, in the absence of sales on such date, at the mean between the closing bid and asked prices therefore as reported by the Options Price Reporting Authority. Over-the-counter options are valued based on broker quotations, when available and deemed reliable.
For additional information on the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements included in its semiannual or annual report to shareholders.
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BEGIN PAGE WIDTH link2 "Item 2. Controls and Procedures"
Item 2. Controls and Procedures
(a) It is the conclusion of the registrants principal executive officer and principal financial officer that the effectiveness of the registrants 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 Commissions 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 registrants principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrants 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 registrants internal control over financial reporting.
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BEGIN PAGE WIDTH link1 "Signatures"
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 20, 2009 |
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 20, 2009 |
| By: | /s/ Barbara E. Campbell |
|---|---|
| Barbara E. Campbell | |
| Treasurer | |
| Date: | May 20, 2009 |
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