Regulatory Filings • Nov 24, 2010
Preview not available for this file type.
Download Source FileN-Q 1 b83368a1nvq.htm EATON VANCE TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND Eaton Vance Tax-Managed Global Buy-Write Opportuni PAGEBREAK
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
September 30, 2010 Date of Reporting Period
Folio /Folio
PAGEBREAK
Item 1. Schedule of Investments
Folio /Folio
PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund as of September 30, 2010
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks 100.9%
| Security | Value | |
|---|---|---|
| Aerospace & Defense 1.1% | ||
| European Aeronautic Defence & Space | ||
| Co. (1) | 56,122 | $ 1,400,500 |
| General Dynamics Corp. | 43,377 | 2,724,509 |
| Honeywell International, Inc. | 59,872 | 2,630,776 |
| Raytheon Co. | 87,133 | 3,982,849 |
| Rockwell Collins, Inc. | 25,533 | 1,487,297 |
| Rolls-Royce Group | ||
| PLC (1) | 272,487 | 2,587,909 |
| $ 14,813,840 | ||
| Air Freight & Logistics 0.8% | ||
| CH Robinson Worldwide, Inc. | 69,963 | $ 4,891,813 |
| Deutsche Post AG | 82,457 | 1,495,171 |
| Expeditors International of Washington, Inc. | 93,806 | 4,336,651 |
| $ 10,723,635 | ||
| Airlines 0.1% | ||
| British Airways | ||
| PLC (1) | 483,403 | $ 1,845,512 |
| $ 1,845,512 | ||
| Auto Components 0.6% | ||
| Aisin Seiki Co., Ltd. | 10,200 | $ 319,201 |
| Compagnie Generale des Etablissements Michelin | 26,277 | 2,003,763 |
| Cooper Tire & Rubber Co. | 23,193 | 455,279 |
| Dana Holding | ||
| Corp. (1) | 34,606 | 426,346 |
| Denso Corp. | 71,300 | 2,118,170 |
| Goodyear Tire & Rubber Co. | ||
| (The) (1) | 31,887 | 342,785 |
| Johnson Controls, Inc. | 90,328 | 2,755,004 |
| Toyota Boshoku Corp. | 11,900 | 198,463 |
| Toyota Industries Corp. | 8,600 | 230,247 |
| $ 8,849,258 | ||
| Automobiles 1.3% | ||
| Daimler | ||
| AG (1) | 132,059 | $ 8,357,511 |
| Ford Motor | ||
| Co. (1) | 75,528 | 924,463 |
| Honda Motor Co., Ltd. | 108,000 | 3,843,084 |
| Isuzu Motors, Ltd. | 129,000 | 499,079 |
| Mazda Motor Corp. | 194,000 | 468,823 |
| Suzuki Motor Corp. | 52,800 | 1,112,905 |
| Toyota Motor Corp. | 50,407 | 1,806,621 |
| Yamaha Motor Co., | ||
| Ltd. (1) | 41,200 | 620,108 |
| $ 17,632,594 | ||
| Beverages 1.4% | ||
| Anheuser-Busch InBev NV | 50,470 | $ 2,971,131 |
| Coca-Cola Co. (The) | 86,770 | 5,077,780 |
| Coca-Cola West Co., Ltd. | 26,200 | 442,783 |
| Constellation Brands, Inc., | ||
| Class A (1) | 33,994 | 601,354 |
| Heineken Holding NV | 24,773 | 1,085,501 |
| Heineken NV | 30,199 | 1,566,493 |
| Kirin Holdings Co., Ltd. | 90,000 | 1,281,227 |
| PepsiCo, Inc. | 78,946 | 5,245,172 |
| Pernod-Ricard SA | 11,862 | 992,303 |
| Sapporo Holdings, Ltd. | 128,000 | 601,549 |
| $ 19,865,293 | ||
| Biotechnology 2.1% | ||
| Amgen, | ||
| Inc. (1) | 157,723 | $ 8,692,115 |
| Biogen Idec, | ||
| Inc. (1) | 73,963 | 4,150,804 |
XBRL Pagebreak Begin
1
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| BioMarin Pharmaceutical, | ||
| Inc. (1) | 19,589 | $ 437,814 |
| Celgene | ||
| Corp. (1) | 124,687 | 7,183,218 |
| Gilead Sciences, | ||
| Inc. (1) | 195,084 | 6,946,941 |
| Martek Biosciences | ||
| Corp. (1) | 33,316 | 753,941 |
| Regeneron Pharmaceuticals, | ||
| Inc. (1) | 23,758 | 650,969 |
| $ 28,815,802 | ||
| Building Products 0.4% | ||
| Asahi Glass Co., Ltd. | 113,776 | $ 1,160,361 |
| Compagnie de Saint-Gobain | 34,270 | 1,531,396 |
| Daikin Industries, Ltd. | 67,600 | 2,543,893 |
| Masco Corp. | 59,062 | 650,272 |
| $ 5,885,922 | ||
| Capital Markets 1.6% | ||
| Affiliated Managers Group, | ||
| Inc. (1) | 5,077 | $ 396,057 |
| Artio Global Investors, Inc. | 28,136 | 430,481 |
| Bank of New York Mellon Corp. (The) | 54,215 | 1,416,638 |
| Charles Schwab Corp. (The) | 66,662 | 926,602 |
| Deutsche Bank AG | 74,955 | 4,103,406 |
| Duff & Phelps Corp., Class A | 30,762 | 414,364 |
| Franklin Resources, Inc. | 25,684 | 2,745,620 |
| GAM Holding | ||
| Ltd. (1) | 58,376 | 886,805 |
| Goldman Sachs Group, Inc. (The) | 20,456 | 2,957,528 |
| ICAP PLC | 178,286 | 1,208,931 |
| Julius Baer Group, Ltd. | 76,144 | 2,773,754 |
| Man Group PLC | 355,866 | 1,226,167 |
| Matsui Securities Co., Ltd. | 66,800 | 374,096 |
| Mediobanca | ||
| SpA (1) | 87,467 | 815,510 |
| Mizuho Securities Co., Ltd. | 105,000 | 240,152 |
| SBI Holdings, Inc. | 1,116 | 139,929 |
| State Street Corp. | 11,567 | 435,613 |
| $ 21,491,653 | ||
| Chemicals 1.6% | ||
| Air Products and Chemicals, Inc. | 37,115 | $ 3,073,864 |
| Akzo Nobel NV | 18,556 | 1,144,214 |
| Daicel Chemical Industries, Ltd. | 57,000 | 384,122 |
| Dow Chemical Co. (The) | 80,264 | 2,204,049 |
| Eastman Chemical Co. | 11,375 | 841,750 |
| Hitachi Chemical Co., Ltd. | 16,800 | 314,053 |
| Johnson Matthey PLC | 85,911 | 2,378,382 |
| Kaneka Corp. | 57,000 | 342,856 |
| Linde AG | 19,853 | 2,582,333 |
| Mitsubishi Gas Chemical Co., Inc. | 89,000 | 517,693 |
| Monsanto Co. | 29,335 | 1,406,027 |
| Nitto Denko Corp. | 5,900 | 231,172 |
| Shin-Etsu Chemical Co., Ltd. | 58,200 | 2,839,994 |
| Showa Denko KK | 346,000 | 664,543 |
| Sumitomo Chemical Co., Ltd. | 199,000 | 873,599 |
| Toray Industries, Inc. | 56,000 | 312,126 |
| Tosoh Corp. | 252,000 | 680,449 |
| Wacker Chemie AG | 4,842 | 892,822 |
| $ 21,684,048 | ||
| Commercial Banks 6.1% | ||
| Banco Santander Central Hispano SA | 1,132,101 | $ 14,368,917 |
| Barclays PLC | 1,085,798 | 5,103,562 |
| BNP Paribas | 130,141 | 9,288,326 |
| Fifth Third Bancorp | 152,511 | 1,834,707 |
| Gunma Bank, Ltd. (The) | 124,000 | 649,386 |
| Hachijuni Bank, Ltd. (The) | 89,000 | 464,990 |
| Hiroshima Bank, Ltd. (The) | 87,000 | 354,904 |
XBRL Pagebreak Begin
2
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| HSBC Holdings PLC | 1,235,349 | $ 12,496,738 |
| IBERIABANK Corp. | 13,247 | 662,085 |
| Intesa Sanpaolo SpA | 1,486,339 | 4,841,752 |
| Lloyds Banking Group | ||
| PLC (1) | 3,975,334 | 4,612,009 |
| Mizuho Financial Group, Inc. | 401,941 | 583,042 |
| Natixis (1) | 165,993 | 951,245 |
| PNC Financial Services Group, Inc. | 37,644 | 1,954,100 |
| Regions Financial Corp. | 114,022 | 828,940 |
| Shinsei Bank, | ||
| Ltd. (1) | 214,000 | 151,514 |
| Societe Generale | 94,456 | 5,461,718 |
| Standard Chartered PLC | 220,000 | 6,317,186 |
| Sterling Bancshares, Inc. | 108,059 | 580,277 |
| Sumitomo Mitsui Financial Group, Inc. | 13,208 | 384,906 |
| UniCredit SpA | 2,422,488 | 6,203,766 |
| Wells Fargo & Co. | 245,542 | 6,170,470 |
| $ 84,264,540 | ||
| Commercial Services & Supplies 0.8% | ||
| Avery Dennison Corp. | 23,372 | $ 867,569 |
| Edenred (1) | 26,214 | 519,247 |
| Republic Services, Inc. | 11,947 | 364,264 |
| SECOM Co., Ltd. | 63,000 | 2,845,423 |
| Serco Group PLC | 156,826 | 1,515,925 |
| Waste Management, Inc. | 120,185 | 4,295,412 |
| $ 10,407,840 | ||
| Communications Equipment 3.6% | ||
| Alcatel-Lucent (1) | 664,187 | $ 2,244,518 |
| Brocade Communications Systems, | ||
| Inc. (1) | 67,859 | 396,297 |
| Cisco Systems, | ||
| Inc. (1) | 686,287 | 15,029,685 |
| Nokia Oyj | 684,910 | 6,880,577 |
| QUALCOMM, Inc. | 425,828 | 19,213,359 |
| Research In Motion, | ||
| Ltd. (1) | 98,383 | 4,790,268 |
| Riverbed Technology, | ||
| Inc. (1) | 25,779 | 1,175,007 |
| $ 49,729,711 | ||
| Computers & Peripherals 6.9% | ||
| Apple, | ||
| Inc. (1) | 260,719 | $ 73,979,016 |
| Dell, | ||
| Inc. (1) | 321,011 | 4,160,303 |
| Hewlett-Packard Co. | 140,078 | 5,893,081 |
| International Business Machines Corp. | 76,613 | 10,276,868 |
| NEC Corp. | 273,000 | 725,925 |
| $ 95,035,193 | ||
| Construction & Engineering 0.4% | ||
| Bouygues SA | 19,011 | $ 819,059 |
| Chiyoda Corp. | 69,000 | 565,716 |
| Ferrovial SA | 95,985 | 900,194 |
| Fluor Corp. | 9,129 | 452,159 |
| Hochtief AG | 11,977 | 1,037,012 |
| JGC Corp. | 71,000 | 1,236,632 |
| $ 5,010,772 | ||
| Construction Materials 0.2% | ||
| Imerys SA | 22,993 | $ 1,377,970 |
| Lafarge SA | 22,039 | 1,261,547 |
| Vulcan Materials Co. | 16,770 | 619,148 |
| $ 3,258,665 |
XBRL Pagebreak Begin
3
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Consumer Finance 0.2% | ||
| American Express Co. | 45,990 | $ 1,932,960 |
| ORIX Corp. | 4,130 | 316,102 |
| SLM | ||
| Corp. (1) | 74,106 | 855,924 |
| $ 3,104,986 | ||
| Containers & Packaging 0.1% | ||
| Sealed Air Corp. | 14,782 | $ 332,299 |
| Toyo Seikan Kaisha, Ltd. | 51,400 | 924,544 |
| $ 1,256,843 | ||
| Distributors 0.3% | ||
| Canon Marketing Japan, Inc. | 14,600 | $ 200,967 |
| Genuine Parts Co. | 56,294 | 2,510,149 |
| LKQ | ||
| Corp. (1) | 56,742 | 1,180,234 |
| $ 3,891,350 | ||
| Diversified Financial Services 1.6% | ||
| Bank of America Corp. | 485,348 | $ 6,362,912 |
| Citigroup, | ||
| Inc. (1) | 830,235 | 3,237,917 |
| CME Group, Inc. | 2,654 | 691,234 |
| Compagnie Nationale a Portefeuille | 17,116 | 894,623 |
| Criteria Caixacorp SA | 267,829 | 1,408,264 |
| Deutsche Boerse AG | 36,045 | 2,405,228 |
| JPMorgan Chase & Co. | 154,746 | 5,891,180 |
| Moodys Corp. | 18,539 | 463,104 |
| $ 21,354,462 | ||
| Diversified Telecommunication | ||
| Services 2.8% | ||
| AT&T, Inc. | 258,166 | $ 7,383,548 |
| Deutsche Telekom AG | 325,887 | 4,458,913 |
| France Telecom SA | 222,265 | 4,807,229 |
| Frontier Communications Corp. | 295,887 | 2,417,397 |
| Telefonica SA | 512,662 | 12,724,843 |
| Verizon Communications, Inc. | 168,710 | 5,498,259 |
| Windstream Corp. | 133,199 | 1,637,016 |
| $ 38,927,205 | ||
| Electric Utilities 1.6% | ||
| Duke Energy Corp. | 144,296 | $ 2,555,482 |
| E.ON AG | 274,138 | 8,084,715 |
| EDF SA | 41,600 | 1,795,721 |
| Edison International | 51,169 | 1,759,702 |
| Enel SpA | 692,425 | 3,701,483 |
| Hokkaido Electric Power Co., Inc. | 13,500 | 268,946 |
| Iberdrola SA | 494,257 | 3,811,261 |
| Kyushu Electric Power Co., Inc. | 7,400 | 169,006 |
| Shikoku Electric Power Co., Inc. | 8,200 | 235,506 |
| $ 22,381,822 | ||
| Electrical Equipment 1.1% | ||
| ABB, | ||
| Ltd. (1) | 422,425 | $ 8,919,490 |
| Cooper Industries PLC, Class A | 21,762 | 1,064,815 |
| First Solar, | ||
| Inc. (1) | 14,857 | 2,189,179 |
| Fujikura, Ltd. | 87,000 | 434,818 |
| GS Yuasa Corp. | 82,000 | 577,026 |
| Legrand SA | 47,726 | 1,614,888 |
| $ 14,800,216 | ||
| Electronic Equipment, Instruments & | ||
| Components 0.9% | ||
| Alps Electric Co., Ltd. | 82,200 | $ 675,289 |
| Corning, Inc. | 39,985 | 730,926 |
| Keyence Corp. | 1,110 | 242,054 |
| Kyocera Corp. | 60,334 | 5,707,741 |
XBRL Pagebreak Begin
4
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Mabuchi Motor Co., Ltd. | 5,000 | $ 256,052 |
| Nippon Electric Glass Co., Ltd. | 21,000 | 287,049 |
| Omron Corp. | 16,500 | 377,235 |
| TDK Corp. | 63,500 | 3,548,371 |
| Yaskawa Electric Corp. | 27,000 | 217,976 |
| $ 12,042,693 | ||
| Energy Equipment & Services 0.7% | ||
| CARBO Ceramics, Inc. | 4,333 | $ 350,973 |
| CGGVeritas (1) | 31,600 | 693,197 |
| Halliburton Co. | 130,037 | 4,300,324 |
| Schlumberger, Ltd. | 62,861 | 3,872,866 |
| Transocean, | ||
| Ltd. (1) | 806 | 51,818 |
| $ 9,269,178 | ||
| Food & Staples Retailing 1.7% | ||
| CVS Caremark Corp. | 172,603 | $ 5,431,816 |
| Koninklijke Ahold NV | 134,328 | 1,812,999 |
| Kroger Co. (The) | 52,231 | 1,131,323 |
| Metro AG | 26,403 | 1,718,081 |
| Safeway, Inc. | 20,063 | 424,533 |
| Seven & I Holdings Co., Ltd. | 72,300 | 1,695,518 |
| Sysco Corp. | 78,426 | 2,236,710 |
| UNY Co., Ltd. | 64,000 | 506,797 |
| Wal-Mart Stores, Inc. | 148,427 | 7,943,813 |
| $ 22,901,590 | ||
| Food Products 2.9% | ||
| Campbell Soup Co. | 17,968 | $ 642,356 |
| ConAgra Foods, Inc. | 77,043 | 1,690,323 |
| Green Mountain Coffee Roasters, | ||
| Inc. (1) | 12,869 | 401,384 |
| H.J. Heinz Co. | 59,510 | 2,818,989 |
| Kraft Foods, Inc., Class A | 88,500 | 2,731,110 |
| Nestle SA | 474,265 | 25,281,830 |
| Nissin Foods Holdings Co., Ltd. | 11,700 | 423,195 |
| Toyo Suisan Kaisha, Ltd. | 15,000 | 309,197 |
| Unilever NV | 173,549 | 5,197,087 |
| Yakult Honsha Co., Ltd. | 19,700 | 609,549 |
| $ 40,105,020 | ||
| Gas Utilities 0.1% | ||
| Gas Natural SDG SA | 45,614 | $ 681,424 |
| Snam Rete Gas SpA | 175,073 | 887,976 |
| $ 1,569,400 | ||
| Health Care Equipment & | ||
| Supplies 1.0% | ||
| Boston Scientific | ||
| Corp. (1) | 216,231 | $ 1,325,496 |
| Covidien PLC | 51,806 | 2,082,083 |
| Edwards Lifesciences | ||
| Corp. (1) | 14,052 | 942,187 |
| Hologic, | ||
| Inc. (1) | 76,941 | 1,231,825 |
| Immucor, | ||
| Inc. (1) | 15,993 | 317,141 |
| Medtronic, Inc. | 82,663 | 2,775,824 |
| Nobel Biocare Holding AG | 39,100 | 703,016 |
| Olympus Corp. | 54,000 | 1,416,097 |
| Terumo Corp. | 60,000 | 3,185,305 |
| $ 13,978,974 | ||
| Health Care Providers & | ||
| Services 1.0% | ||
| AmerisourceBergen Corp. | 43,561 | $ 1,335,580 |
| DaVita, | ||
| Inc. (1) | 20,889 | 1,441,968 |
| Laboratory Corp. of America | ||
| Holdings (1) | 21,385 | 1,677,225 |
| Lincare Holdings, Inc. | 66,361 | 1,664,997 |
| McKesson Corp. | 35,956 | 2,221,362 |
XBRL Pagebreak Begin
5
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Medco Health Solutions, | ||
| Inc. (1) | 28,789 | $ 1,498,755 |
| UnitedHealth Group, Inc. | 69,253 | 2,431,473 |
| VCA Antech, | ||
| Inc. (1) | 80,451 | 1,696,712 |
| $ 13,968,072 | ||
| Hotels, Restaurants & Leisure 1.4% | ||
| Accor SA | 26,214 | $ 958,360 |
| Bally Technologies, | ||
| Inc. (1) | 11,183 | 390,846 |
| Carnival Corp. | 69,217 | 2,644,782 |
| International Game Technology | 42,344 | 611,871 |
| Marriott International, Inc., Class A | 46,233 | 1,656,528 |
| McDonalds Corp. | 89,263 | 6,650,986 |
| Wynn Resorts, Ltd. | 27,627 | 2,397,195 |
| Yum! Brands, Inc. | 83,058 | 3,825,651 |
| $ 19,136,219 | ||
| Household Durables 0.6% | ||
| Casio Computer Co., Ltd. | 85,000 | $ 632,157 |
| Makita Corp. | 6,700 | 212,893 |
| Ryland Group, Inc. | 18,520 | 331,878 |
| Sekisui Chemical Co., Ltd. | 61,000 | 369,881 |
| Sharp Corp. | 73,000 | 727,665 |
| Sony Corp. | 72,600 | 2,241,281 |
| Stanley Black & Decker, Inc. | 48,688 | 2,983,601 |
| Whirlpool Corp. | 9,068 | 734,145 |
| $ 8,233,501 | ||
| Household Products 1.3% | ||
| Clorox Co. (The) | 30,648 | $ 2,046,061 |
| Colgate-Palmolive Co. | 32,678 | 2,511,631 |
| Henkel AG & Co. KGaA, PFC Shares | 20,000 | 1,074,151 |
| Kao Corp. | 97,654 | 2,382,175 |
| Kimberly-Clark Corp. | 27,342 | 1,778,597 |
| Procter & Gamble Co. | 113,401 | 6,800,658 |
| Reckitt Benckiser Group PLC | 16,694 | 919,463 |
| Uni-Charm Corp. | 18,000 | 725,569 |
| $ 18,238,305 | ||
| Industrial Conglomerates 1.9% | ||
| 3M Co. | 60,897 | $ 5,280,379 |
| General Electric Co. | 372,123 | 6,046,999 |
| Hankyu Hanshin Holdings, Inc. | 38,128 | 183,415 |
| Siemens AG | 126,201 | 13,312,673 |
| Textron, Inc. | 29,211 | 600,578 |
| $ 25,424,044 | ||
| Insurance 3.9% | ||
| ACE, Ltd. | 25,406 | $ 1,479,899 |
| Aflac, Inc. | 17,276 | 893,342 |
| Allianz SE | 62,694 | 7,082,998 |
| American International Group, | ||
| Inc. (1) | 10,335 | 404,098 |
| AON Corp. | 27,082 | 1,059,177 |
| AXA SA | 297,994 | 5,224,246 |
| Berkshire Hathaway, Inc., | ||
| Class B (1) | 39,000 | 3,224,520 |
| Chubb Corp. | 8,438 | 480,882 |
| Cincinnati Financial Corp. | 115,920 | 3,344,292 |
| CNP Assurances | 56,816 | 1,055,199 |
| Delta Lloyd NV | 38,000 | 710,421 |
| Genworth Financial, Inc., | ||
| Class A (1) | 46,638 | 569,916 |
| HCC Insurance Holdings, Inc. | 72,068 | 1,880,254 |
| Mapfre SA | 247,314 | 754,021 |
| Marsh & McLennan Cos., Inc. | 94,701 | 2,284,188 |
| MetLife, Inc. | 112,391 | 4,321,434 |
XBRL Pagebreak Begin
6
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| MS&AD Insurance Group Holdings, Inc. | 20,500 | $ 471,728 |
| Muenchener Rueckversicherungs-Gesellschaft AG | 38,311 | 5,305,378 |
| PartnerRe, Ltd. | 6,301 | 505,214 |
| Principal Financial Group, Inc. | 36,247 | 939,522 |
| Prudential Financial, Inc. | 37,177 | 2,014,250 |
| Prudential PLC | 349,752 | 3,495,021 |
| Resolution, Ltd. | 29,224 | 112,554 |
| RSA Insurance Group PLC | 678,764 | 1,394,706 |
| Sony Financial Holdings, Inc. | 136 | 442,736 |
| Standard Life PLC | 479,801 | 1,744,787 |
| T & D Holdings, Inc. | 53,900 | 1,125,019 |
| Tryg A/S | 15,498 | 930,653 |
| $ 53,250,455 | ||
| Internet & Catalog Retail 1.3% | ||
| Amazon.com, | ||
| Inc. (1) | 64,528 | $ 10,134,767 |
| Liberty Media Corp. - Interactive, | ||
| Class A (1) | 199,687 | 2,737,709 |
| Priceline.com, | ||
| Inc. (1) | 13,167 | 4,586,593 |
| $ 17,459,069 | ||
| Internet Software & Services 2.8% | ||
| Akamai Technologies, | ||
| Inc. (1) | 9,510 | $ 477,212 |
| Baidu, Inc. | ||
| ADR (1) | 53,449 | 5,484,936 |
| eBay, | ||
| Inc. (1) | 206,059 | 5,027,840 |
| Google, Inc., | ||
| Class A (1) | 38,170 | 20,069,404 |
| Monster Worldwide, | ||
| Inc. (1) | 36,048 | 467,182 |
| United Internet AG | 77,776 | 1,257,094 |
| VeriSign, | ||
| Inc. (1) | 108,496 | 3,443,663 |
| Yahoo! | ||
| Inc. (1) | 193,189 | 2,737,488 |
| $ 38,964,819 | ||
| IT Services 1.4% | ||
| CapGemini SA | 56,171 | $ 2,820,101 |
| Cognizant Technology Solutions Corp., | ||
| Class A (1) | 91,578 | 5,904,034 |
| Fidelity National Information Services, Inc. | 51,873 | 1,407,314 |
| Infosys Technologies, Ltd. ADR | 69,147 | 4,654,284 |
| MasterCard, Inc., Class A | 5,904 | 1,322,496 |
| Nomura Research Institute, Ltd. | 14,000 | 263,125 |
| NTT Data Corp. | 581 | 1,836,627 |
| Obic Co., Ltd. | 1,080 | 204,361 |
| Otsuka Corp. | 4,200 | 279,145 |
| Western Union Co. | 55,901 | 987,771 |
| $ 19,679,258 | ||
| Leisure Equipment & Products 0.2% | ||
| Hasbro, Inc. | 21,651 | $ 963,686 |
| Nikon Corp. | 56,000 | 1,038,728 |
| Sankyo Co., Ltd. | 4,300 | 227,751 |
| $ 2,230,165 | ||
| Life Sciences Tools & Services 0.3% | ||
| Illumina, | ||
| Inc. (1) | 30,602 | $ 1,505,618 |
| PerkinElmer, Inc. | 27,425 | 634,615 |
| Thermo Fisher Scientific, | ||
| Inc. (1) | 33,544 | 1,606,087 |
| $ 3,746,320 | ||
| Machinery 2.1% | ||
| AGCO | ||
| Corp. (1) | 23,446 | $ 914,628 |
| Caterpillar, Inc. | 35,948 | 2,828,389 |
| Dover Corp. | 15,298 | 798,709 |
| Eaton Corp. | 22,736 | 1,875,493 |
| Ebara | ||
| Corp. (1) | 104,000 | 461,801 |
| Fanuc, Ltd. | 57,127 | 7,291,710 |
XBRL Pagebreak Begin
7
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Hitachi Construction Machinery Co., Ltd. | 66,900 | $ 1,448,157 |
| IHI Corp. | 213,000 | 407,990 |
| Japan Steel Works, Ltd. | 78,000 | 734,909 |
| Joy Global, Inc. | 19,362 | 1,361,536 |
| Kawasaki Heavy Industries, Ltd. | 107,000 | 304,033 |
| Komatsu, Ltd. | 75,400 | 1,754,105 |
| Kurita Water Industries, Ltd. | 7,400 | 205,791 |
| MAN AG | 12,372 | 1,346,875 |
| Meidensha Corp. | 97,000 | 357,339 |
| Minebea Co., Ltd. | 67,127 | 346,054 |
| NTN Corp. | 153,000 | 659,350 |
| Pall Corp. | 30,660 | 1,276,682 |
| Parker Hannifin Corp. | 29,259 | 2,049,886 |
| SMC Corp. | 2,900 | 382,784 |
| Snap-On, Inc. | 15,120 | 703,231 |
| Sumitomo Heavy Industries, Ltd. | 150,000 | 774,131 |
| Titan International, Inc. | 23,159 | 314,268 |
| $ 28,597,851 | ||
| Marine 0.1% | ||
| Kawasaki Kisen Kaisha, Ltd. | 187,000 | $ 702,442 |
| Mitsui O.S.K. Lines, Ltd. | 83,000 | 522,217 |
| $ 1,224,659 | ||
| Media 2.4% | ||
| British Sky Broadcasting Group PLC | 447,757 | $ 4,976,035 |
| Comcast Corp., Class A | 421,942 | 7,628,711 |
| Comcast Corp., Special Class A | 105,435 | 1,793,449 |
| DIRECTV, | ||
| Class A (1) | 116,574 | 4,852,976 |
| Focus Media Holding, Ltd. | ||
| ADR (1) | 10,518 | 255,587 |
| JC Decaux | ||
| SA (1) | 44,715 | 1,183,183 |
| McGraw-Hill Cos., Inc. (The) | 27,142 | 897,315 |
| Omnicom Group, Inc. | 54,629 | 2,156,753 |
| Virgin Media, Inc. | 100,424 | 2,311,760 |
| Walt Disney Co. (The) | 174,880 | 5,790,277 |
| Wolters Kluwer NV | 45,032 | 946,368 |
| $ 32,792,414 | ||
| Metals & Mining 2.9% | ||
| AK Steel Holding Corp. | 20,960 | $ 289,458 |
| Alcoa, Inc. | 118,506 | 1,435,108 |
| Anglo American PLC | 100,152 | 3,975,462 |
| ArcelorMittal | 204,571 | 6,748,914 |
| BHP Billiton PLC | 189,390 | 6,040,108 |
| Boliden AB | 112,900 | 1,713,555 |
| Cliffs Natural Resources, Inc. | 9,184 | 587,041 |
| Dowa Holdings Co., Ltd. | 105,000 | 625,257 |
| JFE Holdings, Inc. | 8,900 | 272,288 |
| Kobe Steel, Ltd. | 216,000 | 506,727 |
| Mitsubishi Materials | ||
| Corp. (1) | 80,000 | 230,032 |
| Newmont Mining Corp. | 30,985 | 1,946,168 |
| Pacific Metals Co., Ltd. | 62,000 | 507,013 |
| Rio Tinto PLC | 157,703 | 9,238,778 |
| Sumitomo Metal Industries, Ltd. | 112,000 | 283,111 |
| Sumitomo Metal Mining Co., Ltd. | 66,000 | 1,009,933 |
| United States Steel Corp. | 27,078 | 1,187,100 |
| Xstrata PLC | 195,335 | 3,741,698 |
| $ 40,337,751 | ||
| Multi-Utilities 1.8% | ||
| Centrica PLC | 498,444 | $ 2,533,942 |
| CMS Energy Corp. | 263,275 | 4,744,215 |
| Consolidated Edison, Inc. | 38,721 | 1,867,127 |
XBRL Pagebreak Begin
8
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Dominion Resources, Inc. | 44,780 | $ 1,955,095 |
| GDF Suez | 222,427 | 7,982,043 |
| NiSource, Inc. | 42,420 | 738,108 |
| Public Service Enterprise Group, Inc. | 116,940 | 3,868,375 |
| RWE AG, PFC Shares | 10,079 | 642,181 |
| $ 24,331,086 | ||
| Multiline Retail 0.9% | ||
| H2O Retailing Corp. | 29,000 | $ 181,594 |
| Isetan Mitsukoshi Holdings, Ltd. | 71,332 | 740,217 |
| Kohls | ||
| Corp. (1) | 44,325 | 2,335,041 |
| Marks & Spencer Group PLC | 432,844 | 2,643,911 |
| Nordstrom, Inc. | 19,173 | 713,236 |
| PPR SA | 7,380 | 1,197,329 |
| Sears Holdings | ||
| Corp. (1) | 19,043 | 1,373,762 |
| Target Corp. | 70,056 | 3,743,793 |
| $ 12,928,883 | ||
| Office Electronics 0.6% | ||
| Brother Industries, Ltd. | 22,000 | $ 271,608 |
| Canon, Inc. | 78,200 | 3,652,412 |
| Konica Minolta Holdings, Inc. | 70,500 | 691,010 |
| Ricoh Co., Ltd. | 59,000 | 835,895 |
| Xerox Corp. | 208,743 | 2,160,490 |
| $ 7,611,415 | ||
| Oil, Gas & Consumable Fuels 6.9% | ||
| Anadarko Petroleum Corp. | 46,596 | $ 2,658,302 |
| BP PLC | 1,728,070 | 11,823,567 |
| Chesapeake Energy Corp. | 11,230 | 254,359 |
| Chevron Corp. | 108,250 | 8,773,662 |
| ConocoPhillips | 104,333 | 5,991,844 |
| Devon Energy Corp. | 8,417 | 544,917 |
| El Paso Corp. | 56,715 | 702,132 |
| ENI SpA | 332,108 | 7,175,976 |
| Exxon Mobil Corp. | 260,620 | 16,103,710 |
| Goodrich Petroleum | ||
| Corp. (1) | 6,636 | 96,687 |
| Hess Corp. | 20,723 | 1,225,144 |
| Idemitsu Kosan Co., Ltd. | 3,100 | 265,891 |
| Japan Petroleum Exploration Co. | 3,900 | 147,193 |
| JX Holdings, Inc. | 149,600 | 868,080 |
| Petrohawk Energy | ||
| Corp. (1) | 38,373 | 619,340 |
| Royal Dutch Shell PLC, Class A | 370,230 | 11,156,793 |
| Royal Dutch Shell PLC, Class B | 292,028 | 8,531,720 |
| SandRidge Energy, | ||
| Inc. (1) | 7,201 | 40,902 |
| Southwestern Energy | ||
| Co. (1) | 24,167 | 808,144 |
| Suncor Energy, Inc. | 23,244 | 756,592 |
| Total SA | 268,726 | 13,885,301 |
| Williams Cos., Inc. | 118,494 | 2,264,420 |
| $ 94,694,676 | ||
| Paper & Forest Products 0.1% | ||
| International Paper Co. | 16,317 | $ 354,895 |
| OJI Paper Co., Ltd. | 76,000 | 336,563 |
| $ 691,458 | ||
| Personal | ||
| Products 0.0% (2) | ||
| USANA Health Sciences, | ||
| Inc. (1) | 9,533 | $ 384,752 |
| $ 384,752 | ||
| Pharmaceuticals 7.4% | ||
| Abbott Laboratories | 148,126 | $ 7,738,102 |
| Allergan, Inc. | 41,914 | 2,788,538 |
XBRL Pagebreak Begin
9
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Astellas Pharma, Inc. | 61,200 | $ 2,214,554 |
| AstraZeneca PLC | 149,575 | 7,592,493 |
| Chugai Pharmaceutical Co., Ltd. | 52,900 | 974,176 |
| Daiichi Sankyo Co., Ltd. | 65,900 | 1,343,246 |
| Eisai Co., Ltd. | 61,146 | 2,139,566 |
| Eli Lilly & Co. | 34,545 | 1,261,929 |
| GlaxoSmithKline PLC | 584,116 | 11,521,621 |
| Hisamitsu Pharmaceutical Co., Inc. | 6,800 | 277,186 |
| Johnson & Johnson | 119,421 | 7,399,325 |
| Medicines | ||
| Co. (1) | 28,661 | 406,986 |
| Merck & Co., Inc. | 177,326 | 6,527,370 |
| Merck KGaA | 9,700 | 814,539 |
| Mitsubishi Tanabe Pharma Corp. | 19,000 | 309,805 |
| Novartis AG | 257,613 | 14,827,667 |
| Ono Pharmaceutical Co., Ltd. | 5,000 | 218,112 |
| Pfizer, Inc. | 502,128 | 8,621,538 |
| Roche Holding AG | 75,396 | 10,301,508 |
| Sanofi-Aventis | 130,640 | 8,696,151 |
| Shionogi & Co., Ltd. | 56,000 | 1,022,796 |
| Takeda Pharmaceutical Co., Ltd. | 39,731 | 1,826,544 |
| Warner Chilcott PLC, Class A | 44,068 | 988,886 |
| Watson Pharmaceuticals, | ||
| Inc. (1) | 48,108 | 2,035,450 |
| $ 101,848,088 | ||
| Professional Services 0.3% | ||
| Equifax, Inc. | 15,217 | $ 474,770 |
| Manpower, Inc. | 24,829 | 1,296,074 |
| Randstad Holding | ||
| NV (1) | 24,548 | 1,115,332 |
| Robert Half International, Inc. | 59,863 | 1,556,438 |
| $ 4,442,614 | ||
| Real Estate Investment Trusts | ||
| (REITs) 0.8% | ||
| AvalonBay Communities, Inc. | 19,158 | $ 1,991,091 |
| British Land Co. PLC | 195,831 | 1,432,002 |
| Capital Shopping Centres Group PLC | 189,600 | 1,096,140 |
| Japan Real Estate Investment Corp. | 37 | 336,512 |
| Japan Retail Fund Investment Corp. | 200 | 281,964 |
| Nippon Building Fund, Inc. | 40 | 350,564 |
| Simon Property Group, Inc. | 32,545 | 3,018,223 |
| Unibail-Rodamco SE | 11,558 | 2,566,323 |
| $ 11,072,819 | ||
| Real Estate Management & | ||
| Development 0.2% | ||
| Capital & Counties Properties | ||
| PLC (1) | 189,600 | $ 390,769 |
| Daito Trust Construction Co., Ltd. | 6,300 | 376,393 |
| Heiwa Real Estate Co., Ltd. | 406,000 | 967,435 |
| NTT Urban Development Corp. | 443 | 372,598 |
| $ 2,107,195 | ||
| Road & Rail 0.6% | ||
| Central Japan Railway Co. | 55 | $ 404,981 |
| CSX Corp. | 46,494 | 2,572,048 |
| East Japan Railway Co. | 12,600 | 761,270 |
| Kansas City | ||
| Southern (1) | 46,791 | 1,750,451 |
| Keio Corp. | 139,000 | 958,144 |
| Kintetsu Corp. | 105,000 | 355,762 |
| Ryder System, Inc. | 14,154 | 605,367 |
| Tobu Railway Co., Ltd. | 135,000 | 779,301 |
| $ 8,187,324 | ||
| Semiconductors & Semiconductor | ||
| Equipment 2.8% | ||
| Advanced Micro Devices, | ||
| Inc. (1) | 43,780 | $ 311,276 |
| Advantest Corp. | 114,600 | 2,282,718 |
XBRL Pagebreak Begin
10
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Applied Materials, Inc. | 313,048 | $ 3,656,401 |
| Atheros Communications, | ||
| Inc. (1) | 60,993 | 1,607,166 |
| Broadcom Corp., Class A | 138,215 | 4,891,429 |
| Cirrus Logic, | ||
| Inc. (1) | 62,702 | 1,118,604 |
| Cree, | ||
| Inc. (1) | 28,924 | 1,570,284 |
| Cypress Semiconductor | ||
| Corp. (1) | 217,447 | 2,735,483 |
| Infineon Technologies | ||
| AG (1) | 132,800 | 919,805 |
| Intel Corp. | 672,426 | 12,930,752 |
| MEMC Electronic Materials, | ||
| Inc. (1) | 57,209 | 681,931 |
| ON Semiconductor | ||
| Corp. (1) | 53,708 | 387,235 |
| Shinko Electric Industries | 17,200 | 190,597 |
| Sumco | ||
| Corp. (1) | 14,600 | 228,168 |
| Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 91,231 | 925,082 |
| Tessera Technologies, | ||
| Inc. (1) | 21,221 | 392,588 |
| Tokyo Electron, Ltd. | 52,500 | 2,634,392 |
| Veeco Instruments, | ||
| Inc. (1) | 30,640 | 1,068,417 |
| $ 38,532,328 | ||
| Software 4.2% | ||
| BMC Software, | ||
| Inc. (1) | 31,383 | $ 1,270,384 |
| Citrix Systems, | ||
| Inc. (1) | 62,346 | 4,254,491 |
| Compuware | ||
| Corp. (1) | 52,384 | 446,836 |
| Concur Technologies, | ||
| Inc. (1) | 56,008 | 2,769,035 |
| Dassault Systemes SA | 23,266 | 1,712,178 |
| Konami Corp. | 62,100 | 1,096,343 |
| Microsoft Corp. | 980,983 | 24,024,274 |
| Oracle Corp. | 609,078 | 16,353,744 |
| Symantec | ||
| Corp. (1) | 199,867 | 3,031,982 |
| TiVo, | ||
| Inc. (1) | 45,460 | 411,868 |
| Trend Micro, Inc. | 57,397 | 1,719,044 |
| $ 57,090,179 | ||
| Specialty Retail 1.8% | ||
| Abercrombie & Fitch Co., Class A | 10,682 | $ 420,016 |
| American Eagle Outfitters, Inc. | 42,783 | 640,034 |
| Best Buy Co., Inc. | 47,984 | 1,959,187 |
| Fast Retailing Co., Ltd. | 47,700 | 6,719,268 |
| Gap, Inc. (The) | 78,617 | 1,465,421 |
| Home Depot, Inc. | 62,734 | 1,987,413 |
| Industria de Diseno Textil SA | 34,787 | 2,765,422 |
| Limited Brands, Inc. | 36,921 | 988,744 |
| Office Depot, | ||
| Inc. (1) | 190,264 | 875,214 |
| Shimamura Co., Ltd. | 2,400 | 223,156 |
| Staples, Inc. | 222,003 | 4,644,303 |
| Tiffany & Co. | 26,337 | 1,237,576 |
| USS Co., Ltd. | 3,800 | 284,251 |
| Yamada Denki Co., Ltd. | 5,750 | 357,080 |
| $ 24,567,085 | ||
| Textiles, Apparel & Luxury | ||
| Goods 0.6% | ||
| Adidas AG | 18,804 | $ 1,163,827 |
| Asics Corp. | 28,000 | 285,813 |
| Christian Dior SA | 10,660 | 1,395,030 |
| Coach, Inc. | 16,626 | 714,253 |
| Hanesbrands, | ||
| Inc. (1) | 30,207 | 781,153 |
| NIKE, Inc., Class B | 30,110 | 2,413,015 |
| Nisshinbo Holdings, Inc. | 94,000 | 942,479 |
| Onward Holdings Co., Ltd. | 30,000 | 235,187 |
| Swatch Group AG, Class B | 2,352 | 886,000 |
| $ 8,816,757 |
XBRL Pagebreak Begin
11
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Tobacco 1.8% | ||
| Altria Group, Inc. | 83,492 | $ 2,005,478 |
| British American Tobacco PLC | 275,025 | 10,271,009 |
| Imperial Tobacco Group PLC | 177,291 | 5,288,712 |
| Japan Tobacco, Inc. | 409 | 1,362,813 |
| Philip Morris International, Inc. | 113,533 | 6,360,119 |
| $ 25,288,131 | ||
| Trading Companies & | ||
| Distributors 0.4% | ||
| Marubeni Corp. | 170,000 | $ 961,250 |
| Mitsubishi Corp. | 85,400 | 2,029,028 |
| Sumitomo Corp. | 96,700 | 1,246,959 |
| Wolseley | ||
| PLC (1) | 51,754 | 1,301,213 |
| $ 5,538,450 | ||
| Transportation Infrastructure 0.1% | ||
| ADP | 13,565 | $ 1,107,394 |
| Kamigumi Co., Ltd. | 46,000 | 341,602 |
| $ 1,448,996 | ||
| Wireless Telecommunication Services 2.0% | ||
| American Tower Corp., | ||
| Class A (1) | 19,546 | $ 1,001,928 |
| KDDI Corp. | 537 | 2,567,216 |
| MetroPCS Communications, | ||
| Inc. (1) | 45,272 | 473,545 |
| Millicom International Cellular SA | 18,027 | 1,729,691 |
| Rogers Communications, Inc., Class B | 54,576 | 2,042,780 |
| SoftBank Corp. | 173,198 | 5,667,121 |
| Sprint Nextel | ||
| Corp. (1) | 97,523 | 451,531 |
| Vodafone Group PLC | 5,349,088 | 13,198,091 |
| $ 27,131,903 | ||
| Total Common Stocks (identified cost $1,250,157,602) | $ 1,384,895,058 |
Investment Funds 0.1%
| Security | Value | |
|---|---|---|
| Capital Markets 0.1% | ||
| Alliance Trust PLC | 154,637 | $ 804,590 |
| Total Investment Funds (identified cost $644,408) | $ 804,590 |
Rights 0.0% (1)(2)
| Security | Value | |
|---|---|---|
| Auto Components 0.0% | ||
| Compagnie Generale des Etablissements Michelin, Exp. 10/13/10 | 26,277 | $ 73,364 |
| $ 73,364 | ||
| Diversified Financial Services 0.0% | ||
| Deutsche Bank AG, Exp. 10/5/10 | 74,955 | $ 362,747 |
| $ 362,747 | ||
| Total Rights (identified cost $0) | $ 436,111 | |
| Total Investments 101.0% (identified cost $1,250,802,010) | $ 1,386,135,759 |
XBRL Pagebreak Begin
12
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End
Call Options Written (2.4)%
| Description | Number — of Contracts | Strike — Price | Expiration — Date | Value | ||
|---|---|---|---|---|---|---|
| Dow Jones Euro Stoxx 50 Index | 68,000 | EUR | 2,800 | 10/15/10 | $ (2,651,249 | ) |
| FTSE 100 Index | 18,500 | GBP | 5,550 | 10/15/10 | (2,441,178 | ) |
| NASDAQ 100 Index | 785 | $ | 1,925 | 10/16/10 | (6,864,825 | ) |
| NASDAQ 100 Index | 770 | $ | 1,950 | 10/16/10 | (5,189,800 | ) |
| Nikkei 225 Index | 1,295,000 | JPY | 9,250 | 10/8/10 | (3,141,322 | ) |
| S&P 500 Index | 3,115 | $ | 1,120 | 10/16/10 | (9,796,675 | ) |
| S&P 500 Index | 810 | $ | 1,130 | 10/16/10 | (1,980,450 | ) |
| SMI Index | 9,350 | CHF | 6,450 | 10/15/10 | (311,619 | ) |
| Total Call Options Written (premiums received $28,220,677) | $ (32,377,118 | ) | ||||
| Other Assets, Less Liabilities 1.4% | $ 18,688,823 | |||||
| Net Assets 100.0% | $ 1,372,447,464 |
| The percentage shown for each investment category in the
Portfolio of Investments is based on net assets. — ADR | - | American Depositary Receipt |
| --- | --- | --- |
| PFC Shares | - | Preference Shares |
| CHF | - | Swiss Franc |
| EUR | - | Euro |
| GBP | - | British Pound Sterling |
| JPY | - | Japanese Yen |
| (1) | | Non-income producing security. |
| (2) | | Amount is less than 0.05%. |
XBRL Pagebreak Begin
13
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End
Country Concentration of Portfolio
| Country | Percentage — of Net Assets | Value |
|---|---|---|
| United States | 53.2 % | $ 729,418,271 |
| United Kingdom | 12.0 | 164,517,506 |
| Japan | 10.5 | 144,495,363 |
| France | 6.2 | 85,218,329 |
| Germany | 5.0 | 68,417,460 |
| Switzerland | 4.8 | 66,111,787 |
| Spain | 2.7 | 37,414,346 |
| Italy | 1.7 | 23,626,463 |
| Netherlands | 1.4 | 18,851,781 |
| Luxembourg | 0.6 | 8,478,605 |
| Canada | 0.6 | 7,589,640 |
| Finland | 0.5 | 6,880,577 |
| China | 0.4 | 5,740,523 |
| India | 0.3 | 4,654,284 |
| Ireland | 0.3 | 4,135,784 |
| Other Countries, less than 0.3% each | 0.8 | 10,585,040 |
| Total Investments | 101.0 % | $ 1,386,135,759 |
The cost and unrealized appreciation (depreciation) of investments of the Fund at September 30, 2010, as determined on a federal income tax basis, were as follows:
| Aggregate cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 229,997,846 | |
| Gross unrealized depreciation | (95,747,081 | ) |
| Net unrealized appreciation | $ 134,250,765 |
Written call options activity for the fiscal year to date ended September 30, 2010 was as follows:
| of Contracts | Received | |||
|---|---|---|---|---|
| Outstanding, beginning of period | 1,648,909 | $ | 22,380,075 | |
| Options written | 12,972,110 | 212,046,376 | ||
| Options terminated in closing purchase transactions | (6,490,469 | ) | (157,762,149 | ) |
| Options expired | (6,734,220 | ) | (48,443,625 | ) |
| Outstanding, end of period | 1,396,330 | $ | 28,220,677 |
All of the assets of the Fund are subject to segregation to satisfy the requirements of the escrow agent. At September 30, 2010, 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 objectives. 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 September 30, 2010, the aggregate fair value of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in a liability position and whose primary underlying risk exposure is equity price risk was $32,377,118.
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is 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) |
XBRL Pagebreak Begin
14
END PAGE WIDTH PAGEBREAK
BEGIN PAGE WIDTH XBRL Pagebreak End
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At September 30, 2010, the inputs used in valuing the Funds investments, which are carried at value, were as follows:
| Quoted Prices in | |||||||
|---|---|---|---|---|---|---|---|
| Active Markets for | Significant Other | Significant | |||||
| Identical Assets | Observable Inputs | Unobservable Inputs | |||||
| Asset Description | (Level 1) | (Level 2) | (Level 3) | Total | |||
| Common Stocks | |||||||
| Consumer Discretionary | $ 101,223,488 | $ 55,100,915 | $ | $ 156,324,403 | |||
| Consumer Staples | 58,263,959 | 68,519,131 | | 126,783,090 | |||
| Energy | 49,416,135 | 54,547,719 | | 103,963,854 | |||
| Financials | 69,989,783 | 126,656,327 | | 196,646,110 | |||
| Health Care | 92,972,874 | 69,384,382 | | 162,357,256 | |||
| Industrials | 60,573,560 | 76,057,882 | | 136,631,442 | |||
| Information Technology | 276,817,365 | 43,801,358 | | 320,618,723 | |||
| Materials | 14,276,907 | 52,951,858 | | 67,228,765 | |||
| Telecommunication Services | 22,635,694 | 43,423,413 | | 66,059,107 | |||
| Utilities | 17,488,104 | 30,794,204 | | 48,282,308 | |||
| Total Common Stocks | $ 763,657,869 | $ 621,237,189 | * | $ | $ 1,384,895,058 | ||
| Investment Funds | $ | $ 804,590 | $ | $ 804,590 | |||
| Rights | 436,111 | | | 436,111 | |||
| Total Investments | $ 764,093,980 | $ 622,041,779 | $ | $ 1,386,135,759 | |||
| Liability Description | |||||||
| Covered Call Options Written | $ (32,377,118 | ) | $ | $ | $ (32,377,118 | ) | |
| Total | $ (32,377,118 | ) | $ | $ | $ (32,377,118 | ) |
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
| Investments | ||
|---|---|---|
| in Rights | ||
| Balance as of December 31, 2009 | $ 0 | |
| Realized gains (losses) | | |
| Change in net unrealized appreciation (depreciation) | | |
| Net purchases (sales) | (0 | ) |
| Accrued discount (premium) | | |
| Net transfers to (from) Level 3 | | |
| Balance as of September 30, 2010 | $ |
All Level 3 investments held at December 31, 2009 were valued at $0.
For information on the Funds policy regarding the 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.
XBRL Pagebreak Begin
15
END PAGE WIDTH PAGEBREAK
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.
Folio /Folio
PAGEBREAK
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: |
|---|
| Duncan W. Richardson |
| President |
Date: November 24, 2010
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: |
|---|
| Duncan W. Richardson |
| President |
Date: November 24, 2010
| By: |
|---|
| Barbara E. Campbell |
| Treasurer |
Date: November 24, 2010
Folio /Folio
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.