Regulatory Filings • May 28, 2010
Preview not available for this file type.
Download Source FileN-Q 1 b80936a1nvq.htm EATON VANCE TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND Eaton Vance Tax-Managed Global Buy-Write Opportuni PAGEBREAK
Table of Contents
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, 2010
Date of Reporting Period
Folio /Folio
PAGEBREAK
TOC
TABLE OF CONTENTS
| Item 2. Controls and Procedures |
| Signatures |
| EX-99.CERT Section 302 Certification |
/TOC
Table of Contents
link2 "Item 1. Schedule of Investments"
Item 1. Schedule of Investments
Folio /Folio
PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund as of March 31, 2010
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks 100.5%
| Security | Value | |
|---|---|---|
| Aerospace & Defense 1.3% | ||
| European Aeronautic Defence & Space Co. | 56,122 | $ 1,127,409 |
| General Dynamics Corp. | 43,377 | 3,348,704 |
| Honeywell International, Inc. | 99,327 | 4,496,533 |
| Raytheon Co. | 87,133 | 4,977,037 |
| Rockwell Collins, Inc. | 25,533 | 1,598,111 |
| Rolls-Royce Group | ||
| PLC (1) | 283,550 | 2,567,211 |
| $ 18,115,005 | ||
| Air Freight & Logistics 0.6% | ||
| CH Robinson Worldwide, Inc. | 69,963 | $ 3,907,434 |
| Deutsche Post AG | 82,457 | 1,428,130 |
| Expeditors International of Washington, Inc. | 94,273 | 3,480,559 |
| $ 8,816,123 | ||
| Airlines 0.1% | ||
| British Airways | ||
| PLC (1) | 313,103 | $ 1,157,919 |
| $ 1,157,919 | ||
| Auto Components 0.6% | ||
| Aisin Seiki Co., Ltd. | 10,200 | $ 306,286 |
| Compagnie Generale des Etablissements Michelin | 26,277 | 1,935,270 |
| Cooper Tire & Rubber Co. | 30,158 | 573,605 |
| Denso Corp. | 71,300 | 2,127,901 |
| Johnson Controls, Inc. | 90,328 | 2,979,921 |
| Toyota Boshoku Corp. | 11,900 | 228,770 |
| Toyota Industries Corp. | 8,600 | 246,152 |
| $ 8,397,905 | ||
| Automobiles 1.1% | ||
| Daimler AG | 132,059 | $ 6,206,872 |
| Ford Motor | ||
| Co. (1) | 58,705 | 737,922 |
| Honda Motor Co., Ltd. | 108,000 | 3,806,858 |
| Isuzu Motors, | ||
| Ltd. (1) | 129,000 | 349,706 |
| Mazda Motor Corp. | 227,000 | 640,262 |
| Suzuki Motor Corp. | 52,800 | 1,165,824 |
| Toyota Motor Corp. | 50,407 | 2,026,832 |
| Yamaha Motor Co., | ||
| Ltd. (1) | 65,900 | 989,997 |
| $ 15,924,273 | ||
| Beverages 1.3% | ||
| Anheuser-Busch InBev NV | 40,624 | $ 2,043,292 |
| Coca-Cola Co. (The) | 90,906 | 4,999,830 |
| Coca-Cola West Co., Ltd. | 26,200 | 428,279 |
| Constellation Brands, Inc., | ||
| Class A (1) | 34,264 | 563,300 |
| Heineken Holding NV | 24,773 | 1,102,177 |
| Heineken NV | 30,199 | 1,550,961 |
| Kirin Holdings Co., Ltd. | 63,000 | 930,162 |
| PepsiCo, Inc. | 78,946 | 5,223,067 |
| Pernod-Ricard SA | 11,862 | 1,006,491 |
| Sapporo Holdings, Ltd. | 128,000 | 669,060 |
| $ 18,516,619 | ||
| Biotechnology 2.4% | ||
| Amgen, | ||
| Inc. (1) | 187,364 | $ 11,196,873 |
| Biogen Idec, | ||
| Inc. (1) | 78,265 | 4,489,280 |
| Celgene | ||
| Corp. (1) | 168,251 | 10,424,832 |
| Gilead Sciences, | ||
| Inc. (1) | 142,409 | 6,476,761 |
XBRL Pagebreak Begin
1
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Martek Biosciences | ||
| Corp. (1) | 49,531 | $ 1,114,943 |
| Regeneron Pharmaceuticals, | ||
| Inc. (1) | 23,758 | 629,350 |
| $ 34,332,039 | ||
| Building Products 0.4% | ||
| Asahi Glass Co., Ltd. | 128,776 | $ 1,452,493 |
| Daikin Industries, Ltd. | 67,600 | 2,770,339 |
| Geberit AG | 5,875 | 1,051,099 |
| Masco Corp. | 59,062 | 916,642 |
| $ 6,190,573 | ||
| Capital Markets 1.9% | ||
| Artio Global Investors, Inc. | 28,136 | $ 696,085 |
| Bank of New York Mellon Corp. (The) | 54,215 | 1,674,159 |
| Charles Schwab Corp. (The) | 81,426 | 1,521,852 |
| Deutsche Bank AG | 55,621 | 4,269,661 |
| Duff & Phelps Corp., Class A | 35,706 | 597,719 |
| Franklin Resources, Inc. | 29,167 | 3,234,620 |
| GAM Holding Ltd. | 91,722 | 1,124,790 |
| Goldman Sachs Group, Inc. | 20,456 | 3,490,407 |
| ICAP PLC | 178,286 | 1,010,647 |
| Julius Baer Group, Ltd. | 76,144 | 2,756,027 |
| Man Group PLC | 355,866 | 1,302,679 |
| Matsui Securities Co., Ltd. | 66,800 | 478,400 |
| Mediobanca | ||
| SpA (1) | 87,467 | 939,872 |
| Nomura Holdings, Inc. | 117,900 | 865,109 |
| SBI Holdings, Inc. | 1,457 | 288,081 |
| Schroders PLC | 138,412 | 2,956,756 |
| Mizuho Securities Co., Ltd. | 154,000 | 487,632 |
| $ 27,694,496 | ||
| Chemicals 1.8% | ||
| Air Products and Chemicals, Inc. | 16,561 | $ 1,224,686 |
| Akzo Nobel NV | 18,556 | 1,056,936 |
| Daicel Chemical Industries, Ltd. | 57,000 | 392,360 |
| Dow Chemical Co. (The) | 92,111 | 2,723,722 |
| Eastman Chemical Co. | 11,375 | 724,360 |
| Hitachi Chemical Co., Ltd. | 16,800 | 363,946 |
| Johnson Matthey PLC | 85,911 | 2,280,619 |
| Kaneka Corp. | 57,000 | 369,850 |
| Linde AG | 19,853 | 2,368,034 |
| Mitsubishi Gas Chemical Co., Inc. | 89,000 | 537,237 |
| Monsanto Co. | 38,287 | 2,734,458 |
| Nitto Denko Corp. | 5,900 | 229,114 |
| Shin-Etsu Chemical Co., Ltd. | 58,200 | 3,387,035 |
| Showa Denko KK | 346,000 | 780,932 |
| Sumitomo Chemical Co., Ltd. | 199,000 | 974,366 |
| Toray Industries, Inc. | 76,000 | 444,563 |
| Tosoh Corp. | 252,000 | 640,909 |
| Umicore | 82,579 | 2,880,601 |
| Wacker Chemie AG | 6,604 | 985,423 |
| $ 25,099,151 | ||
| Commercial Banks 6.5% | ||
| Banco Santander Central Hispano SA | 1,132,101 | $ 15,016,193 |
| Barclays PLC | 934,939 | 5,090,912 |
| BNP Paribas SA | 130,141 | 9,974,858 |
| Fifth Third Bancorp | 227,543 | 3,092,309 |
| Gunma Bank, Ltd. (The) | 124,000 | 686,670 |
| Hachijuni Bank, Ltd. (The) | 89,000 | 507,344 |
| Hiroshima Bank, Ltd. (The) | 126,000 | 533,404 |
| HSBC Holdings PLC | 1,520,103 | 15,404,576 |
| Intesa Sanpaolo | ||
| SpA (1) | 1,681,641 | 6,262,540 |
XBRL Pagebreak Begin
2
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Lloyds Banking Group | ||
| PLC (1) | 3,975,334 | $ 3,774,824 |
| Mizuho Financial Group, Inc. | 447,941 | 885,601 |
| Natixis (1) | 165,993 | 889,843 |
| PNC Financial Services Group, Inc. | 44,820 | 2,675,754 |
| Shinsei Bank, | ||
| Ltd. (1) | 214,000 | 259,396 |
| Societe Generale | 94,456 | 5,928,025 |
| Standard Chartered PLC | 220,000 | 5,996,605 |
| Sterling Bancshares, Inc. | 108,059 | 602,969 |
| Sumitomo Mitsui Financial Group, Inc. | 13,208 | 437,578 |
| UniCredit | ||
| SpA (1) | 2,340,725 | 6,901,738 |
| Wells Fargo & Co. | 253,893 | 7,901,150 |
| $ 92,822,289 | ||
| Commercial Services & Supplies 0.6% | ||
| Avery Dennison Corp. | 23,372 | $ 850,975 |
| Republic Services, Inc. | 15,222 | 441,742 |
| SECOM Co., Ltd. | 63,000 | 2,758,389 |
| Serco Group PLC | 156,826 | 1,430,872 |
| Waste Management, Inc. | 72,281 | 2,488,635 |
| $ 7,970,613 | ||
| Communications Equipment 4.1% | ||
| Alcatel-Lucent (1) | 307,923 | $ 968,466 |
| Aviat Networks, | ||
| Inc. (1) | 11,360 | 75,317 |
| Brocade Communications Systems, | ||
| Inc. (1) | 67,859 | 387,475 |
| Cisco Systems, | ||
| Inc. (1) | 686,287 | 17,864,051 |
| Nokia Oyj | 541,978 | 8,446,249 |
| QUALCOMM, Inc. | 499,771 | 20,985,384 |
| Research In Motion, | ||
| Ltd. (1) | 120,764 | 8,930,498 |
| Riverbed Technology, | ||
| Inc. (1) | 30,785 | 874,294 |
| $ 58,531,734 | ||
| Computers & Peripherals 6.0% | ||
| Apple, | ||
| Inc. (1) | 279,785 | $ 65,729,890 |
| Dell, | ||
| Inc. (1) | 314,244 | 4,716,803 |
| Hewlett-Packard Co. | 85,494 | 4,544,006 |
| International Business Machines Corp. | 76,613 | 9,825,617 |
| NEC Corp. | 325,000 | 978,916 |
| $ 85,795,232 | ||
| Construction & Engineering 0.4% | ||
| Bouygues SA | 19,011 | $ 953,819 |
| Chiyoda Corp. | 69,000 | 685,620 |
| Ferrovial SA | 95,985 | 932,641 |
| Fluor Corp. | 9,129 | 424,590 |
| Foster Wheeler | ||
| AG (1) | 16,547 | 449,086 |
| Hochtief AG | 11,977 | 1,005,002 |
| JGC Corp. | 71,000 | 1,267,404 |
| Obayashi Corp. | 43,000 | 191,159 |
| $ 5,909,321 | ||
| Construction Materials 0.3% | ||
| Imerys SA | 22,993 | $ 1,414,561 |
| Lafarge SA | 22,039 | 1,548,073 |
| Taiheiyo Cement | ||
| Corp. (1) | 173,000 | 248,243 |
| Vulcan Materials Co. | 24,404 | 1,152,845 |
| $ 4,363,722 | ||
| Consumer Finance 0.2% | ||
| American Express Co. | 42,280 | $ 1,744,473 |
| ORIX Corp. | 4,130 | 366,703 |
| SLM | ||
| Corp. (1) | 97,247 | 1,217,532 |
| $ 3,328,708 |
XBRL Pagebreak Begin
3
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Containers & Packaging 0.1% | ||
| Toyo Seikan Kaisha, Ltd. | 51,400 | $ 910,810 |
| $ 910,810 | ||
| Distributors 0.3% | ||
| Canon Marketing Japan, Inc. | 14,600 | $ 198,872 |
| Genuine Parts Co. | 56,294 | 2,377,858 |
| LKQ | ||
| Corp. (1) | 61,787 | 1,254,276 |
| $ 3,831,006 | ||
| Diversified Financial Services 2.0% | ||
| Bank of America Corp. | 496,591 | $ 8,864,149 |
| Citigroup, | ||
| Inc. (1) | 700,696 | 2,837,819 |
| CME Group, Inc. | 7,388 | 2,335,421 |
| Compagnie Nationale a Portefeuille | 17,116 | 897,296 |
| Criteria Caixacorp SA | 267,829 | 1,328,826 |
| Deutsche Boerse AG | 36,045 | 2,666,891 |
| Groupe Bruxelles Lambert SA | 10,886 | 961,457 |
| JPMorgan Chase & Co. | 154,746 | 6,924,884 |
| Moodys Corp. | 42,204 | 1,255,569 |
| $ 28,072,312 | ||
| Diversified Telecommunication | ||
| Services 2.6% | ||
| AT&T, Inc. | 293,500 | $ 7,584,040 |
| Deutsche Telekom AG | 325,887 | 4,403,938 |
| France Telecom SA | 222,265 | 5,323,844 |
| Frontier Communications Corp. | 318,088 | 2,366,575 |
| Telefonica SA | 488,485 | 11,574,411 |
| Verizon Communications, Inc. | 168,710 | 5,233,384 |
| Windstream Corp. | 100,356 | 1,092,877 |
| $ 37,579,069 | ||
| Electric Utilities 1.7% | ||
| Duke Energy Corp. | 117,718 | $ 1,921,158 |
| E.ON AG | 274,138 | 10,135,049 |
| EDF SA | 41,600 | 2,267,755 |
| Edison International | 51,169 | 1,748,445 |
| Enel SpA | 412,666 | 2,306,363 |
| Hokkaido Electric Power Co., Inc. | 13,500 | 259,115 |
| Iberdrola SA | 494,257 | 4,185,201 |
| Kyushu Electric Power Co., Inc. | 13,400 | 291,899 |
| Shikoku Electric Power Co., Inc. | 8,200 | 232,521 |
| Tokyo Electric Power Co., Inc. | 12,201 | 325,419 |
| $ 23,672,925 | ||
| Electrical Equipment 1.1% | ||
| ABB, | ||
| Ltd. (1) | 422,425 | $ 9,234,487 |
| Cooper Industries PLC, Class A | 24,149 | 1,157,703 |
| Energy Conversion Devices, | ||
| Inc. (1) | 7,332 | 57,410 |
| First Solar, | ||
| Inc. (1) | 18,250 | 2,238,362 |
| Fujikura, Ltd. | 87,000 | 502,063 |
| GS Yuasa Corp. | 82,000 | 554,451 |
| Legrand SA | 47,726 | 1,507,125 |
| Suntech Power Holdings Co., Ltd. | ||
| ADR (1) | 4,452 | 62,417 |
| $ 15,314,018 | ||
| Electronic Equipment, Instruments & Components 0.9% | ||
| Alps Electric Co., | ||
| Ltd. (1) | 93,600 | $ 647,086 |
| Corning, Inc. | 39,985 | 808,097 |
| Ibiden Co., Ltd. | 6,800 | 234,704 |
| Keyence Corp. | 1,110 | 265,776 |
| Kyocera Corp. | 60,334 | 5,889,285 |
| Mabuchi Motor Co., Ltd. | 5,000 | 288,348 |
XBRL Pagebreak Begin
4
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Nippon Electric Glass Co., Ltd. | 21,000 | $ 296,414 |
| Omron Corp. | 16,500 | 383,808 |
| TDK Corp. | 63,500 | 4,233,226 |
| Yaskawa Electric Corp. | 27,000 | 247,387 |
| $ 13,294,131 | ||
| Energy Equipment & Services 0.6% | ||
| CARBO Ceramics, Inc. | 4,333 | $ 270,119 |
| Halliburton Co. | 130,037 | 3,918,015 |
| Schlumberger, Ltd. | 62,861 | 3,989,159 |
| Superior Well Services, | ||
| Inc. (1) | 46,517 | 622,398 |
| Transocean, | ||
| Ltd. (1) | 806 | 69,622 |
| Willbros Group, | ||
| Inc. (1) | 16,727 | 200,891 |
| $ 9,070,204 | ||
| Food & Staples Retailing 1.9% | ||
| CVS Caremark Corp. | 172,603 | $ 6,310,366 |
| Koninklijke Ahold NV | 122,728 | 1,636,594 |
| Kroger Co. (The) | 115,650 | 2,504,979 |
| Metro AG | 19,023 | 1,128,601 |
| Safeway, Inc. | 20,063 | 498,766 |
| Seven & I Holdings Co., Ltd. | 72,300 | 1,749,014 |
| Sysco Corp. | 99,048 | 2,921,916 |
| UNY Co., Ltd. | 64,000 | 530,147 |
| Wal-Mart Stores, Inc. | 178,434 | 9,920,930 |
| $ 27,201,313 | ||
| Food Products 3.0% | ||
| Campbell Soup Co. | 17,968 | $ 635,169 |
| ConAgra Foods, Inc. | 77,043 | 1,931,468 |
| H.J. Heinz Co. | 59,510 | 2,714,251 |
| Kraft Foods, Inc., Class A | 88,500 | 2,676,240 |
| Nestle SA | 474,265 | 24,302,275 |
| Nissin Foods Holdings Co., Ltd. | 11,700 | 393,807 |
| Toyo Suisan Kaisha, Ltd. | 15,000 | 388,097 |
| Unilever NV | 311,235 | 9,415,733 |
| Yakult Honsha Co., Ltd. | 7,500 | 202,365 |
| $ 42,659,405 | ||
| Gas Utilities 0.1% | ||
| Gas Natural SDG SA | 45,614 | $ 841,288 |
| Snam Rete Gas SpA | 175,073 | 887,141 |
| $ 1,728,429 | ||
| Health Care Equipment & | ||
| Supplies 1.0% | ||
| Boston Scientific | ||
| Corp. (1) | 231,022 | $ 1,667,979 |
| Covidien PLC | 14,617 | 734,943 |
| Edwards Lifesciences | ||
| Corp. (1) | 7,026 | 694,731 |
| Hologic, | ||
| Inc. (1) | 67,694 | 1,255,047 |
| Immucor, | ||
| Inc. (1) | 15,993 | 358,083 |
| Medtronic, Inc. | 103,989 | 4,682,625 |
| Olympus Corp. | 71,000 | 2,282,353 |
| Terumo Corp. | 60,000 | 3,198,972 |
| $ 14,874,733 | ||
| Health Care Providers & | ||
| Services 1.1% | ||
| DaVita, | ||
| Inc. (1) | 20,889 | $ 1,324,363 |
| Laboratory Corp. of America | ||
| Holdings (1) | 17,240 | 1,305,240 |
| Lincare Holdings, | ||
| Inc. (1) | 44,241 | 1,985,536 |
| McKesson Corp. | 42,868 | 2,817,285 |
| Medco Health Solutions, | ||
| Inc. (1) | 45,718 | 2,951,554 |
XBRL Pagebreak Begin
5
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| UnitedHealth Group, | ||
| Inc. (1) | 67,346 | $ 2,200,194 |
| VCA Antech, | ||
| Inc. (1) | 93,308 | 2,615,423 |
| $ 15,199,595 | ||
| Hotels, Restaurants & Leisure 1.2% | ||
| Accor SA | 26,214 | $ 1,450,574 |
| Carnival Corp. | 22,815 | 887,047 |
| International Game Technology | 51,748 | 954,751 |
| Marriott International, Inc., Class A | 54,152 | 1,706,871 |
| McDonalds Corp. | 89,263 | 5,955,627 |
| Wynn Resorts, Ltd. | 27,627 | 2,094,956 |
| Yum! Brands, Inc. | 111,537 | 4,275,213 |
| $ 17,325,039 | ||
| Household Durables 0.7% | ||
| Casio Computer Co., Ltd. | 85,000 | $ 654,972 |
| Makita Corp. | 6,700 | 221,167 |
| Ryland Group, Inc. | 37,074 | 831,941 |
| Sekisui Chemical Co., Ltd. | 61,000 | 413,615 |
| Sharp Corp. | 73,000 | 914,162 |
| Sony Corp. | 72,600 | 2,781,769 |
| Stanley Black & Decker, Inc. | 48,688 | 2,795,178 |
| Whirlpool Corp. | 9,068 | 791,183 |
| $ 9,403,987 | ||
| Household Products 1.2% | ||
| Clorox Co. (The) | 30,648 | $ 1,965,763 |
| Colgate-Palmolive Co. | 28,351 | 2,417,206 |
| Kao Corp. | 97,654 | 2,476,663 |
| Procter & Gamble Co. | 152,165 | 9,627,479 |
| Uni-Charm Corp. | 6,000 | 579,282 |
| $ 17,066,393 | ||
| Industrial Conglomerates 1.8% | ||
| 3M Co. | 64,134 | $ 5,359,678 |
| General Electric Co. | 374,898 | 6,823,144 |
| Hankyu Hanshin Holdings, Inc. | 38,128 | 176,837 |
| Siemens AG | 126,201 | 12,609,623 |
| Textron, Inc. | 29,211 | 620,149 |
| $ 25,589,431 | ||
| Insurance 3.9% | ||
| ACE, Ltd. | 46,248 | $ 2,418,770 |
| Aflac, Inc. | 12,267 | 665,975 |
| Aioi Insurance Co., Ltd. | 108,000 | 567,520 |
| Allianz SE | 62,694 | 7,846,590 |
| AON Corp. | 20,928 | 893,835 |
| AXA SA | 297,994 | 6,610,949 |
| Berkshire Hathaway, Inc., | ||
| Class B (1) | 39,000 | 3,169,530 |
| Chubb Corp. | 6,724 | 348,639 |
| Cincinnati Financial Corp. | 137,085 | 3,961,757 |
| CNP Assurances | 14,204 | 1,340,456 |
| Genworth Financial, Inc., | ||
| Class A (1) | 49,867 | 914,561 |
| Hannover Rueckversicherung | ||
| AG (1) | 22,194 | 1,094,298 |
| Mapfre SA | 247,314 | 906,853 |
| Marsh & McLennan Cos., Inc. | 98,828 | 2,413,380 |
| MetLife, Inc. | 112,391 | 4,871,026 |
| Muenchener Rueckversicherungs-Gesellschaft AG | 38,311 | 6,214,678 |
| Nipponkoa Insurance Co., Ltd. | 28,000 | 178,345 |
| Principal Financial Group, Inc. | 36,247 | 1,058,775 |
| Prudential Financial, Inc. | 37,177 | 2,249,209 |
| Prudential PLC | 349,752 | 2,893,375 |
| Resolution, | ||
| Ltd. (1) | 876,749 | 1,091,623 |
XBRL Pagebreak Begin
6
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| RSA Insurance Group PLC | 678,764 | $ 1,314,062 |
| Sony Financial Holdings, Inc. | 136 | 447,052 |
| Standard Life PLC | 479,801 | 1,457,182 |
| T & D Holdings, Inc. | 9,850 | 233,725 |
| TrygVesta AS | 15,498 | 1,025,323 |
| $ 56,187,488 | ||
| Internet & Catalog Retail 1.1% | ||
| Amazon.com, | ||
| Inc. (1) | 61,514 | $ 8,349,295 |
| Liberty Media Corp. - Interactive, | ||
| Class A (1) | 199,687 | 3,057,208 |
| Priceline.com, | ||
| Inc. (1) | 15,481 | 3,947,655 |
| $ 15,354,158 | ||
| Internet Software & Services 2.9% | ||
| Baidu, Inc. | ||
| ADR (1) | 6,835 | $ 4,080,495 |
| eBay, | ||
| Inc. (1) | 265,244 | 7,148,326 |
| Google, Inc., | ||
| Class A (1) | 38,170 | 21,642,772 |
| Monster Worldwide, | ||
| Inc. (1) | 36,048 | 598,757 |
| United Internet | ||
| AG (1) | 77,776 | 1,180,124 |
| VeriSign, | ||
| Inc. (1) | 132,262 | 3,440,135 |
| Yahoo! | ||
| Inc. (1) | 193,189 | 3,193,414 |
| $ 41,284,023 | ||
| IT Services 1.4% | ||
| CapGemini SA | 38,327 | $ 1,884,399 |
| Cognizant Technology Solutions | ||
| Corp. (1) | 123,578 | 6,300,006 |
| Fidelity National Information Services, Inc. | 51,873 | 1,215,903 |
| Infosys Technologies, Ltd. ADR | 82,619 | 4,862,128 |
| MasterCard, Inc., Class A | 5,904 | 1,499,616 |
| Nomura Research Institute, Ltd. | 14,000 | 319,134 |
| NTT Data Corp. | 673 | 2,243,990 |
| Obic Co., Ltd. | 1,290 | 234,429 |
| Otsuka Corp. | 4,700 | 298,915 |
| Western Union Co. | 89,601 | 1,519,633 |
| $ 20,378,153 | ||
| Leisure Equipment & Products 0.1% | ||
| Hasbro, Inc. | 21,651 | $ 828,800 |
| Mattel, Inc. | 31,709 | 721,063 |
| Sankyo Co., Ltd. | 4,300 | 212,873 |
| $ 1,762,736 | ||
| Life Sciences Tools & Services 0.2% | ||
| Illumina, | ||
| Inc. (1) | 14,227 | $ 553,430 |
| PerkinElmer, Inc. | 27,425 | 655,458 |
| Thermo Fisher Scientific, | ||
| Inc. (1) | 33,544 | 1,725,503 |
| $ 2,934,391 | ||
| Machinery 1.8% | ||
| AGCO | ||
| Corp. (1) | 30,980 | $ 1,111,253 |
| Caterpillar, Inc. | 28,676 | 1,802,287 |
| Dover Corp. | 15,298 | 715,181 |
| Eaton Corp. | 29,751 | 2,254,233 |
| Ebara | ||
| Corp. (1) | 104,000 | 531,792 |
| Fanuc, Ltd. | 57,127 | 6,071,762 |
| Hitachi Construction Machinery Co., Ltd. | 66,900 | 1,583,488 |
| IHI Corp. | 213,000 | 390,221 |
| Japan Steel Works, Ltd. | 78,000 | 895,029 |
| Joy Global, Inc. | 19,362 | 1,095,889 |
| Kawasaki Heavy Industries, Ltd. | 107,000 | 295,931 |
| Komatsu, Ltd. | 75,400 | 1,584,115 |
| Kurita Water Industries, Ltd. | 7,400 | 209,902 |
| MAN AG | 12,372 | 1,034,847 |
XBRL Pagebreak Begin
7
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Meidensha Corp. | 97,000 | $ 432,590 |
| Minebea Co., Ltd. | 67,127 | 408,954 |
| NTN Corp. | 153,000 | 692,124 |
| Pall Corp. | 30,660 | 1,241,423 |
| Parker Hannifin Corp. | 13,311 | 861,754 |
| SMC Corp. | 2,900 | 394,391 |
| Snap-On, Inc. | 15,120 | 655,301 |
| Sumitomo Heavy Industries, Ltd. | 194,000 | 1,170,525 |
| Titan International, Inc. | 23,159 | 202,178 |
| $ 25,635,170 | ||
| Marine 0.1% | ||
| Kawasaki Kisen Kaisha, | ||
| Ltd. (1) | 64,000 | $ 255,670 |
| Mitsui O.S.K. Lines, Ltd. | 83,000 | 596,858 |
| $ 852,528 | ||
| Media 2.4% | ||
| British Sky Broadcasting Group PLC | 447,757 | $ 4,090,766 |
| Comcast Corp., Class A | 483,395 | 9,097,494 |
| Comcast Corp., Special Class A | 144,653 | 2,599,415 |
| DIRECTV, | ||
| Class A (1) | 97,457 | 3,295,021 |
| Focus Media Holding, Ltd. | ||
| ADR (1) | 10,518 | 192,059 |
| JC Decaux | ||
| SA (1) | 44,715 | 1,247,207 |
| McGraw-Hill Cos., Inc. (The) | 27,142 | 967,612 |
| Omnicom Group, Inc. | 99,372 | 3,856,627 |
| Virgin Media, Inc. | 100,424 | 1,733,318 |
| Walt Disney Co. (The) | 174,880 | 6,105,061 |
| Wolters Kluwer NV | 45,032 | 975,630 |
| $ 34,160,210 | ||
| Metals & Mining 2.8% | ||
| AK Steel Holding Corp. | 20,960 | $ 479,146 |
| Alcoa, Inc. | 129,184 | 1,839,580 |
| Anglo American | ||
| PLC (1) | 100,152 | 4,359,526 |
| ArcelorMittal | 134,571 | 5,900,304 |
| BHP Billiton PLC | 189,390 | 6,472,974 |
| Dowa Holdings Co., Ltd. | 105,000 | 633,161 |
| JFE Holdings, Inc. | 9,800 | 395,397 |
| Kobe Steel, Ltd. | 216,000 | 465,094 |
| Lonmin | ||
| PLC (1) | 34,390 | 1,064,644 |
| Mitsubishi Materials | ||
| Corp. (1) | 80,000 | 230,439 |
| Mitsui Mining & Smelting Co., Ltd. | 189,000 | 566,987 |
| Newmont Mining Corp. | 22,195 | 1,130,391 |
| Pacific Metals Co., Ltd. | 62,000 | 516,169 |
| Rio Tinto PLC | 147,061 | 8,694,059 |
| Sumitomo Metal Industries, Ltd. | 112,000 | 339,547 |
| Sumitomo Metal Mining Co., Ltd. | 66,000 | 981,947 |
| United States Steel Corp. | 27,078 | 1,719,995 |
| Xstrata | ||
| PLC (1) | 195,335 | 3,696,971 |
| $ 39,486,331 | ||
| Multi-Utilities 1.5% | ||
| Centrica PLC | 498,444 | $ 2,225,617 |
| CMS Energy Corp. | 312,086 | 4,824,849 |
| Consolidated Edison, Inc. | 12,419 | 553,142 |
| Dominion Resources, Inc. | 34,329 | 1,411,265 |
| GDF Suez | 222,427 | 8,598,317 |
| Public Service Enterprise Group, Inc. | 116,940 | 3,452,069 |
| RWE AG, PFC Shares | 10,079 | 828,974 |
| $ 21,894,233 |
XBRL Pagebreak Begin
8
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Multiline Retail 0.8% | ||
| H2O Retailing Corp. | 29,000 | $ 198,425 |
| Isetan Mitsukoshi Holdings, Ltd. | 71,332 | 767,381 |
| Kohls | ||
| Corp. (1) | 23,927 | 1,310,721 |
| Marks & Spencer Group PLC | 398,770 | 2,241,127 |
| Nordstrom, Inc. | 19,173 | 783,217 |
| PPR SA | 7,380 | 981,136 |
| Sears Holdings | ||
| Corp. (1) | 19,043 | 2,064,832 |
| Target Corp. | 70,056 | 3,684,946 |
| $ 12,031,785 | ||
| Office Electronics 0.4% | ||
| Brother Industries, Ltd. | 22,000 | $ 266,483 |
| Canon, Inc. | 87,300 | 4,038,081 |
| Konica Minolta Holdings, Inc. | 70,500 | 824,593 |
| Ricoh Co., Ltd. | 59,000 | 924,083 |
| $ 6,053,240 | ||
| Oil, Gas & Consumable Fuels 7.1% | ||
| Anadarko Petroleum Corp. | 39,019 | $ 2,841,754 |
| BP PLC | 1,728,070 | 16,356,442 |
| Chevron Corp. | 105,078 | 7,968,065 |
| ConocoPhillips | 86,584 | 4,430,503 |
| Devon Energy Corp. | 8,417 | 542,307 |
| El Paso Corp. | 56,715 | 614,791 |
| ENI SpA | 332,108 | 7,789,984 |
| Exxon Mobil Corp. | 246,796 | 16,530,396 |
| Goodrich Petroleum | ||
| Corp. (1) | 6,636 | 103,787 |
| Hess Corp. | 20,723 | 1,296,224 |
| Idemitsu Kosan Co., Ltd. | 3,100 | 235,128 |
| Japan Petroleum Exploration Co. | 5,400 | 274,187 |
| Nippon Mining Holdings, Inc. | 159,000 | 755,249 |
| Petrohawk Energy | ||
| Corp. (1) | 38,373 | 778,205 |
| Royal Dutch Shell PLC, Class A | 370,230 | 10,734,019 |
| Royal Dutch Shell PLC, Class B | 292,028 | 8,050,609 |
| SandRidge Energy, | ||
| Inc. (1) | 49,942 | 384,553 |
| Southwestern Energy | ||
| Co. (1) | 24,167 | 984,080 |
| Suncor Energy, Inc. | 47,858 | 1,557,299 |
| Total SA | 268,726 | 15,596,291 |
| Williams Cos., Inc. | 118,494 | 2,737,211 |
| XTO Energy, Inc. | 34,713 | 1,637,759 |
| $ 102,198,843 | ||
| Paper & Forest Products 0.1% | ||
| International Paper Co. | 33,486 | $ 824,091 |
| OJI Paper Co., Ltd. | 90,000 | 395,006 |
| $ 1,219,097 | ||
| Personal Products 0.0% | ||
| USANA Health Sciences, | ||
| Inc. (1) | 9,533 | $ 299,431 |
| $ 299,431 | ||
| Pharmaceuticals 7.4% | ||
| Abbott Laboratories | 148,126 | $ 7,803,278 |
| Allergan, Inc. | 41,914 | 2,737,822 |
| Astellas Pharma, Inc. | 61,200 | 2,216,859 |
| AstraZeneca PLC | 149,575 | 6,668,912 |
| Chugai Pharmaceutical Co., Ltd. | 52,900 | 993,614 |
| Daiichi Sankyo Co., Ltd. | 65,900 | 1,235,547 |
| Eisai Co., Ltd. | 61,146 | 2,180,335 |
| Eli Lilly & Co. | 34,545 | 1,251,220 |
| GlaxoSmithKline PLC | 584,116 | 11,211,961 |
| Hisamitsu Pharmaceutical Co., Inc. | 6,800 | 253,028 |
XBRL Pagebreak Begin
9
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Johnson & Johnson | 111,251 | $ 7,253,565 |
| King Pharmaceuticals, | ||
| Inc. (1) | 86,183 | 1,013,512 |
| Medicines | ||
| Co. (1) | 28,661 | 224,702 |
| Merck & Co., Inc. | 210,349 | 7,856,535 |
| Mitsubishi Tanabe Pharma Corp. | 19,000 | 268,483 |
| Novartis AG | 257,613 | 13,935,295 |
| Ono Pharmaceutical Co., Ltd. | 5,000 | 222,829 |
| Pfizer, Inc. | 536,510 | 9,201,147 |
| Roche Holding AG | 69,396 | 11,270,634 |
| Sanofi-Aventis SA | 130,640 | 9,749,447 |
| Shionogi & Co., Ltd. | 56,000 | 1,065,865 |
| Shire PLC | 52,086 | 1,147,897 |
| Takeda Pharmaceutical Co., Ltd. | 56,231 | 2,476,072 |
| Warner Chilcott PLC, | ||
| Class A (1) | 40,680 | 1,039,374 |
| Watson Pharmaceuticals, | ||
| Inc. (1) | 58,985 | 2,463,803 |
| $ 105,741,736 | ||
| Professional Services 0.3% | ||
| Equifax, Inc. | 15,217 | $ 544,769 |
| Manpower, Inc. | 13,198 | 753,870 |
| Randstad Holding | ||
| NV (1) | 24,548 | 1,165,750 |
| Robert Half International, Inc. | 73,835 | 2,246,799 |
| $ 4,711,188 | ||
| Real Estate Investment Trusts | ||
| (REITs) 0.8% | ||
| AvalonBay Communities, Inc. | 19,158 | $ 1,654,293 |
| British Land Co. PLC | 179,131 | 1,305,687 |
| Japan Real Estate Investment Corp. | 37 | 315,706 |
| Japan Retail Fund Investment Corp. | 200 | 235,750 |
| Liberty International PLC | 189,600 | 1,445,980 |
| Nippon Building Fund, Inc. | 40 | 344,678 |
| Simon Property Group, Inc. | 36,591 | 3,069,985 |
| Unibail-Rodamco SE | 11,558 | 2,339,909 |
| $ 10,711,988 | ||
| Real Estate Management & | ||
| Development 0.1% | ||
| Daito Trust Construction Co., Ltd. | 6,300 | $ 304,623 |
| Heiwa Real Estate Co., Ltd. | 448,500 | 1,349,654 |
| NTT Urban Development Corp. | 443 | 375,064 |
| $ 2,029,341 | ||
| Road & Rail 0.4% | ||
| Central Japan Railway Co. | 55 | $ 419,257 |
| CSX Corp. | 46,494 | 2,366,544 |
| East Japan Railway Co. | 12,600 | 876,672 |
| Keio Corp. | 139,000 | 939,177 |
| Kintetsu Corp. | 105,000 | 326,993 |
| Ryder System, Inc. | 14,154 | 548,609 |
| Tobu Railway Co., Ltd. | 135,000 | 749,856 |
| $ 6,227,108 | ||
| Semiconductors & Semiconductor | ||
| Equipment 3.1% | ||
| Advanced Micro Devices, | ||
| Inc. (1) | 47,927 | $ 444,283 |
| Advantest Corp. | 128,400 | 3,219,665 |
| Applied Materials, Inc. | 324,238 | 4,370,728 |
| Atheros Communications, | ||
| Inc. (1) | 60,993 | 2,361,039 |
| Broadcom Corp., Class A | 115,327 | 3,826,550 |
| Cree, | ||
| Inc. (1) | 9,999 | 702,130 |
| Cypress Semiconductor | ||
| Corp. (1) | 217,447 | 2,500,640 |
| Intel Corp. | 696,138 | 15,496,032 |
| KLA-Tencor Corp. | 59,539 | 1,840,946 |
| MEMC Electronic Materials, | ||
| Inc. (1) | 40,523 | 621,218 |
| Microchip Technology, Inc. | 37,768 | 1,063,547 |
XBRL Pagebreak Begin
10
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| ON Semiconductor | ||
| Corp. (1) | 98,657 | $ 789,256 |
| ROHM Co., Ltd. | 4,700 | 351,675 |
| Shinko Electric Industries | 17,200 | 267,039 |
| Sumco | ||
| Corp. (1) | 14,600 | 311,279 |
| Tokyo Electron, Ltd. | 58,300 | 3,874,442 |
| Veeco Instruments, | ||
| Inc. (1) | 51,522 | 2,241,207 |
| $ 44,281,676 | ||
| Software 4.5% | ||
| BMC Software, | ||
| Inc. (1) | 31,383 | $ 1,192,554 |
| Citrix Systems, | ||
| Inc. (1) | 62,346 | 2,959,565 |
| Compuware | ||
| Corp. (1) | 52,384 | 440,025 |
| Concur Technologies, | ||
| Inc. (1) | 56,008 | 2,296,888 |
| Dassault Systemes SA | 23,266 | 1,375,726 |
| Konami Corp. | 62,100 | 1,198,467 |
| Microsoft Corp. | 1,066,099 | 31,204,718 |
| Nintendo Co., Ltd. | 800 | 268,291 |
| Oracle Corp. | 543,385 | 13,959,561 |
| Oracle Corp. Japan | 7,700 | 357,394 |
| Symantec | ||
| Corp. (1) | 303,656 | 5,137,859 |
| TiVo, | ||
| Inc. (1) | 106,665 | 1,826,105 |
| Trend Micro, Inc. | 60,897 | 2,125,749 |
| $ 64,342,902 | ||
| Specialty Retail 2.0% | ||
| American Eagle Outfitters, Inc. | 42,783 | $ 792,341 |
| Best Buy Co., Inc. | 47,984 | 2,041,239 |
| Fast Retailing Co., Ltd. | 57,100 | 9,931,379 |
| Gap, Inc. (The) | 78,617 | 1,816,839 |
| Hennes & Mauritz | ||
| AB (1) | 14,200 | 923,381 |
| Home Depot, Inc. | 50,520 | 1,634,322 |
| Industria de Diseno Textil SA | 34,787 | 2,294,379 |
| Limited Brands, Inc. | 36,921 | 908,995 |
| Office Depot, | ||
| Inc. (1) | 190,264 | 1,518,307 |
| Shimamura Co., Ltd. | 2,400 | 212,774 |
| Staples, Inc. | 222,003 | 5,192,650 |
| Tiffany & Co. | 26,337 | 1,250,744 |
| USS Co., Ltd. | 3,800 | 258,495 |
| Yamada Denki Co., Ltd. | 5,750 | 424,907 |
| $ 29,200,752 | ||
| Textiles, Apparel & Luxury | ||
| Goods 0.6% | ||
| Adidas AG | 18,804 | $ 1,005,312 |
| Asics Corp. | 28,000 | 274,125 |
| Christian Dior SA | 10,660 | 1,136,360 |
| Coach, Inc. | 16,626 | 657,059 |
| Hanesbrands, | ||
| Inc. (1) | 4,073 | 113,311 |
| NIKE, Inc., Class B | 30,110 | 2,213,085 |
| Nisshinbo Holdings, Inc. | 94,000 | 974,667 |
| Onward Holdings Co., Ltd. | 30,000 | 234,032 |
| Puma AG Rudolf Dassler Sport | 2,976 | 942,636 |
| Swatch Group AG, Class B | 4,150 | 1,323,412 |
| $ 8,873,999 | ||
| Tobacco 1.7% | ||
| Altria Group, Inc. | 94,844 | $ 1,946,199 |
| British American Tobacco PLC | 275,025 | 9,481,616 |
| Imperial Tobacco Group PLC | 177,291 | 5,409,391 |
| Japan Tobacco, Inc. | 409 | 1,522,642 |
| Philip Morris International, Inc. | 120,301 | 6,274,900 |
| $ 24,634,748 |
XBRL Pagebreak Begin
11
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End XBRL Table Pagebreak
| Security | Value | |
|---|---|---|
| Trading Companies & | ||
| Distributors 0.4% | ||
| Marubeni Corp. | 170,000 | $ 1,058,114 |
| Mitsubishi Corp. | 85,400 | 2,242,579 |
| Sumitomo Corp. | 96,700 | 1,113,555 |
| Wolseley | ||
| PLC (1) | 51,754 | 1,250,552 |
| $ 5,664,800 | ||
| Transportation Infrastructure 0.2% | ||
| ADP | 13,565 | $ 1,116,067 |
| Kamigumi Co., Ltd. | 46,000 | 370,327 |
| Societe des Autoroutes | ||
| Paris-Rhin-Rhone (1) | 18,585 | 1,340,570 |
| $ 2,826,964 | ||
| Wireless Telecommunication Services 1.5% | ||
| American Tower Corp., | ||
| Class A (1) | 20,404 | $ 869,414 |
| KDDI Corp. | 537 | 2,779,948 |
| Rogers Communications, Inc., Class B | 44,475 | 1,517,932 |
| Softbank Corp. | 181,898 | 4,488,523 |
| Vodafone Group PLC | 5,349,088 | 12,371,991 |
| $ 22,027,808 | ||
| Total Common Stocks (identified cost $1,284,518,670) | $ 1,438,765,349 |
Investment Funds 0.1%
| Security | Value | |
|---|---|---|
| Capital Markets 0.1% | ||
| Alliance Trust PLC (The) | 243,354 | $ 1,261,330 |
| Total Investment Funds (identified cost $1,095,043) | $ 1,261,330 | |
| Total Investments 100.6% (identified cost $1,285,613,713) | $ 1,440,026,679 |
Call Options Written (1.1)%
| Description | Number — of Contracts | Strike — Price | Expiration — Date | Value | ||
|---|---|---|---|---|---|---|
| Dow Jones Euro Stoxx 50 Index | 64,250 | EUR | 2,950 | 4/16/10 | $ (2,299,651 | ) |
| FTSE 100 Index | 9,850 | GBP | 5,625 | 4/16/10 | (1,218,210 | ) |
| FTSE 100 Index | 8,850 | GBP | 5,700 | 4/16/10 | (570,770 | ) |
| NASDAQ 100 Index | 1,620 | $ | 1,975 | 4/17/10 | (2,673,000 | ) |
| Nikkei 225 Index | 1,450,000 | JPY | 10,750 | 4/10/10 | (5,602,562 | ) |
| S&P 500 Index | 1,420 | $ | 1,175 | 4/17/10 | (1,618,800 | ) |
| S&P 500 Index | 1,180 | $ | 1,185 | 4/17/10 | (767,000 | ) |
| S&P 500 Index | 1,415 | $ | 1,190 | 4/17/10 | (707,500 | ) |
| SMI Index | 8,750 | CHF | 6,950 | 4/16/10 | (228,210 | ) |
| Total Call Options Written (premiums received $16,386,265) | $ (15,685,703 | ) | ||||
| Other Assets, Less Liabilities 0.5% | $ 6,823,883 | |||||
| Net Assets 100.0% | $ 1,431,164,859 |
XBRL Pagebreak Begin
12
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End
| 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. |
Country Concentration of Portfolio
| Country | Percentage — of Net Assets | Value |
|---|---|---|
| United States | 52.8 % | $ 755,715,341 |
| United Kingdom | 11.8 | 169,271,933 |
| Japan | 11.1 | 158,976,110 |
| France | 6.2 | 88,485,538 |
| Switzerland | 4.8 | 67,935,497 |
| Germany | 4.7 | 67,354,683 |
| Spain | 2.6 | 37,079,792 |
| Italy | 1.8 | 25,087,638 |
| Netherlands | 1.5 | 22,020,349 |
| Canada | 0.8 | 12,005,729 |
| Finland | 0.6 | 8,446,249 |
| Belgium | 0.5 | 6,782,646 |
| Luxembourg | 0.4 | 5,900,304 |
| India | 0.3 | 4,862,128 |
| China | 0.3 | 4,334,971 |
| Other Countries, less than 0.3% each | 0.4 | 5,767,771 |
| Total Investments | 100.6 % | $ 1,440,026,679 |
The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2010, as determined on a federal income tax basis, were as follows:
| Aggregate cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 225,719,436 | |
| Gross unrealized depreciation | (72,389,454 | ) |
| Net unrealized appreciation | $ 153,329,982 |
Written call options activity for the fiscal year to date ended March 31, 2010 was as follows:
| Contracts | Received | |||
|---|---|---|---|---|
| Outstanding, beginning of period | 1,648,909 | $ | 22,380,075 | |
| Options written | 4,790,860 | 61,484,562 | ||
| Options terminated in closing purchase transactions | (3,294,134 | ) | (61,779,188 | ) |
| Options expired | (1,598,300 | ) | (5,699,184 | ) |
| Outstanding, end of period | 1,547,335 | $ | 16,386,265 |
All of the assets of the Fund are subject to segregation to satisfy the requirements of the escrow agent. At March 31, 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 March 31, 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 $15,685,703.
XBRL Pagebreak Begin
13
END PAGE WIDTH PAGEBREAK
Table of Contents
BEGIN PAGE WIDTH XBRL Pagebreak End
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) |
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, 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 | $ 98,949,585 | $ 57,316,265 | $ | $ 156,265,850 | |||
| Consumer Staples | 63,431,260 | 66,946,649 | | 130,377,909 | |||
| Energy | 51,477,138 | 59,791,909 | | 111,269,047 | |||
| Financials | 78,356,606 | 142,490,016 | | 220,846,622 | |||
| Health Care | 102,704,391 | 70,378,103 | | 173,082,494 | |||
| Industrials | 60,697,758 | 73,927,941 | | 134,625,699 | |||
| Information Technology | 284,918,711 | 48,443,623 | | 333,362,334 | |||
| Materials | 14,553,274 | 56,525,837 | | 71,079,111 | |||
| Telecommunication Services | 18,664,222 | 41,896,474 | | 60,560,696 | |||
| Utilities | 13,910,928 | 33,384,659 | | 47,295,587 | |||
| Total Common Stocks | $ 787,663,873 | $ 651,101,476 | * | $ | $ 1,438,765,349 | ||
| Investment Funds | $ | $ 1,261,330 | $ | $ 1,261,330 | |||
| Total Investments | $ 787,663,873 | $ 652,362,806 | $ | $ 1,440,026,679 | |||
| Liability Description | |||||||
| Call Options Written | $ (15,685,703 | ) | $ | $ | $ (15,685,703 | ) | |
| Total | $ (15,685,703 | ) | $ | $ | $ (15,685,703 | ) |
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 March 31, 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
14
END PAGE WIDTH PAGEBREAK
Table of Contents
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.
Folio /Folio
PAGEBREAK
Table of Contents
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 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: | /s/ Duncan W. Richardson |
|---|---|
| Duncan W. Richardson | |
| President | |
| Date: | May 24, 2010 |
| By: | /s/ Barbara E. Campbell |
| Barbara E. Campbell | |
| Treasurer | |
| Date: | May 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.