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, 2018
Date of Reporting Period
Item 1. Schedule of Investments
Eaton Vance
Tax-Managed Global Buy-Write Opportunities Fund
March 31, 2018
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks 99.3%
Security | Shares | Value | ||||||
Aerospace & Defense 2.1% |
||||||||
Airbus SE(1) |
56,122 | $ | 6,496,554 | |||||
General Dynamics Corp.(1) |
6,866 | 1,516,699 | ||||||
L3 Technologies, Inc.(1) |
5,966 | 1,240,928 | ||||||
Northrop Grumman Corp.(1) |
13,028 | 4,548,335 | ||||||
Raytheon Co.(1) |
33,521 | 7,234,502 | ||||||
Rolls-Royce Holdings PLC |
156,584 | 1,914,415 | ||||||
Textron, Inc.(1) |
30,061 | 1,772,697 | ||||||
|
|
|||||||
$ | 24,724,130 | |||||||
|
|
|||||||
Air Freight & Logistics 0.3% |
||||||||
Deutsche Post AG(1) |
61,060 | $ | 2,674,384 | |||||
Expeditors International of Washington, Inc.(1) |
16,714 | 1,057,996 | ||||||
|
|
|||||||
$ | 3,732,380 | |||||||
|
|
|||||||
Airlines 0.1% |
||||||||
Alaska Air Group, Inc. |
7,744 | $ | 479,818 | |||||
International Consolidated Airlines Group SA |
65,562 | 565,888 | ||||||
|
|
|||||||
$ | 1,045,706 | |||||||
|
|
|||||||
Auto Components 0.9% |
||||||||
Aisin Seiki Co., Ltd. |
10,200 | $ | 556,644 | |||||
Cie Generale des Etablissements Michelin SCA(1) |
26,277 | 3,890,118 | ||||||
Denso Corp. |
60,300 | 3,316,768 | ||||||
Toyoda Gosei Co., Ltd. |
12,800 | 296,442 | ||||||
Toyota Industries Corp. |
6,400 | 386,907 | ||||||
Yokohama Rubber Co., Ltd. (The) |
75,500 | 1,749,812 | ||||||
|
|
|||||||
$ | 10,196,691 | |||||||
|
|
|||||||
Automobiles 1.3% |
||||||||
Daimler AG(1) |
132,059 | $ | 11,251,428 | |||||
Honda Motor Co., Ltd. |
29,800 | 1,031,574 | ||||||
Isuzu Motors, Ltd. |
99,500 | 1,524,486 | ||||||
Mazda Motor Corp. |
46,900 | 627,232 | ||||||
Toyota Motor Corp. |
14,400 | 935,016 | ||||||
Volkswagen AG, PFC Shares |
1,805 | 359,761 | ||||||
|
|
|||||||
$ | 15,729,497 | |||||||
|
|
|||||||
Banks 6.9% |
||||||||
Banco Bilbao Vizcaya Argentaria SA |
41,559 | $ | 329,129 | |||||
Banco Santander SA(1) |
1,477,141 | 9,668,443 | ||||||
Bank of America Corp.(1) |
50,000 | 1,499,500 | ||||||
BNP Paribas SA(1) |
100,600 | 7,460,565 | ||||||
Citigroup, Inc. |
10,022 | 676,485 |
1
Security | Shares | Value | ||||||
Credit Agricole SA(1) |
243,088 | $ | 3,963,551 | |||||
Danske Bank A/S(1) |
72,886 | 2,730,913 | ||||||
Fifth Third Bancorp(1) |
112,006 | 3,556,191 | ||||||
First Horizon National Corp. |
9,470 | 178,320 | ||||||
Hiroshima Bank, Ltd. (The) |
43,500 | 331,811 | ||||||
HSBC Holdings PLC(1) |
802,083 | 7,532,130 | ||||||
Huntington Bancshares, Inc.(1) |
307,053 | 4,636,500 | ||||||
ING Groep NV(1) |
426,434 | 7,196,158 | ||||||
Intesa Sanpaolo SpA(1) |
2,091,453 | 7,614,984 | ||||||
JPMorgan Chase & Co.(1) |
47,825 | 5,259,315 | ||||||
KBC Group NV |
22,722 | 1,978,605 | ||||||
KeyCorp(1) |
218,919 | 4,279,867 | ||||||
Lloyds Banking Group PLC |
927,572 | 843,743 | ||||||
PNC Financial Services Group, Inc. (The) |
6,406 | 968,844 | ||||||
Shinsei Bank, Ltd. |
31,400 | 487,111 | ||||||
Societe Generale SA(1) |
130,261 | 7,074,522 | ||||||
SunTrust Banks, Inc.(1) |
19,446 | 1,323,106 | ||||||
Wells Fargo & Co.(1) |
51,808 | 2,715,257 | ||||||
|
|
|||||||
$ | 82,305,050 | |||||||
|
|
|||||||
Beverages 1.3% |
||||||||
Anheuser-Busch InBev SA/NV |
3,893 | $ | 428,023 | |||||
Coca-Cola Co. (The)(1) |
24,571 | 1,067,119 | ||||||
Constellation Brands, Inc., Class A(1) |
29,994 | 6,836,232 | ||||||
Heineken Holding NV |
24,773 | 2,554,328 | ||||||
Heineken NV |
7,692 | 827,305 | ||||||
Kirin Holdings Co., Ltd. |
59,000 | 1,570,702 | ||||||
PepsiCo, Inc.(1) |
17,854 | 1,948,764 | ||||||
Takara Holdings, Inc. |
20,500 | 227,921 | ||||||
|
|
|||||||
$ | 15,460,394 | |||||||
|
|
|||||||
Biotechnology 3.2% |
||||||||
AbbVie, Inc.(1) |
47,758 | $ | 4,520,295 | |||||
Amgen, Inc.(1) |
71,478 | 12,185,569 | ||||||
BioMarin Pharmaceutical, Inc.(1)(2) |
19,589 | 1,588,080 | ||||||
Celgene Corp.(1)(2) |
92,074 | 8,213,922 | ||||||
Gilead Sciences, Inc.(1) |
143,508 | 10,819,068 | ||||||
Shire PLC(1) |
22,601 | 1,124,848 | ||||||
|
|
|||||||
$ | 38,451,782 | |||||||
|
|
|||||||
Building Products 0.5% |
||||||||
Daikin Industries, Ltd. |
53,200 | $ | 5,910,154 | |||||
|
|
|||||||
$ | 5,910,154 | |||||||
|
|
|||||||
Capital Markets 1.7% |
||||||||
CME Group, Inc. |
2,281 | $ | 368,929 | |||||
GAM Holding AG |
43,549 | 733,292 | ||||||
Moodys Corp.(1) |
18,539 | 2,990,341 | ||||||
Morgan Stanley(1) |
65,092 | 3,512,364 | ||||||
S&P Global, Inc.(1) |
27,142 | 5,185,751 | ||||||
Schroders PLC(1) |
62,659 | 2,811,399 | ||||||
St. Jamess Place PLC(1) |
209,534 | 3,194,529 | ||||||
State Street Corp.(1) |
17,058 | 1,701,194 | ||||||
|
|
|||||||
$ | 20,497,799 | |||||||
|
|
2
Security | Shares | Value | ||||||
Chemicals 3.0% |
||||||||
AdvanSix, Inc.(2) |
1,261 | $ | 43,858 | |||||
Air Products and Chemicals, Inc.(1) |
31,040 | 4,936,291 | ||||||
Akzo Nobel NV |
10,908 | 1,030,619 | ||||||
BASF SE(1) |
108,986 | 11,053,060 | ||||||
Daicel Corp.(1) |
51,000 | 560,029 | ||||||
DowDuPont, Inc.(1) |
14,120 | 899,585 | ||||||
Eastman Chemical Co.(1) |
20,943 | 2,211,162 | ||||||
Johnson Matthey PLC(1) |
77,449 | 3,304,070 | ||||||
Linde AG(1) |
16,210 | 3,255,995 | ||||||
Mitsubishi Gas Chemical Co., Inc. |
23,700 | 571,946 | ||||||
Nitto Denko Corp. |
35,200 | 2,660,384 | ||||||
Shin-Etsu Chemical Co., Ltd. |
22,800 | 2,378,248 | ||||||
Sumitomo Chemical Co., Ltd. |
25,000 | 145,042 | ||||||
Toray Industries, Inc. |
56,000 | 532,697 | ||||||
Tosoh Corp. |
86,500 | 1,705,823 | ||||||
|
|
|||||||
$ | 35,288,809 | |||||||
|
|
|||||||
Commercial Services & Supplies 0.4% |
||||||||
SECOM Co., Ltd. |
36,900 | $ | 2,748,503 | |||||
Waste Management, Inc.(1) |
23,366 | 1,965,548 | ||||||
|
|
|||||||
$ | 4,714,051 | |||||||
|
|
|||||||
Communications Equipment 1.3% |
||||||||
Cisco Systems, Inc.(1) |
334,101 | $ | 14,329,592 | |||||
Nokia Oyj |
245,912 | 1,357,954 | ||||||
|
|
|||||||
$ | 15,687,546 | |||||||
|
|
|||||||
Construction & Engineering 0.2% |
||||||||
Ferrovial SA |
83,418 | $ | 1,744,079 | |||||
Quanta Services, Inc.(2) |
10,281 | 353,152 | ||||||
|
|
|||||||
$ | 2,097,231 | |||||||
|
|
|||||||
Construction Materials 0.2% |
||||||||
CRH PLC |
62,332 | $ | 2,111,303 | |||||
Imerys SA |
4,825 | 468,912 | ||||||
|
|
|||||||
$ | 2,580,215 | |||||||
|
|
|||||||
Consumer Finance 0.4% |
||||||||
American Express Co.(1) |
42,280 | $ | 3,943,879 | |||||
Navient Corp. |
50,603 | 663,911 | ||||||
|
|
|||||||
$ | 4,607,790 | |||||||
|
|
|||||||
Containers & Packaging 0.2% |
||||||||
International Paper Co. |
16,999 | $ | 908,257 | |||||
Sealed Air Corp.(1) |
23,147 | 990,460 | ||||||
Toyo Seikan Kaisha, Ltd. |
1,600 | 23,874 | ||||||
|
|
|||||||
$ | 1,922,591 | |||||||
|
|
|||||||
Distributors 0.2% |
||||||||
LKQ Corp.(1)(2) |
53,930 | $ | 2,046,644 | |||||
|
|
|||||||
$ | 2,046,644 | |||||||
|
|
3
Security | Shares | Value | ||||||
Diversified Financial Services 0.7% |
||||||||
Berkshire Hathaway, Inc., Class B(1)(2) |
16,883 | $ | 3,367,821 | |||||
Groupe Bruxelles Lambert SA |
4,239 | 484,828 | ||||||
Investor AB, Class B |
56,000 | 2,487,717 | ||||||
ORIX Corp. |
41,300 | 740,136 | ||||||
Standard Life Aberdeen PLC |
192,564 | 972,001 | ||||||
|
|
|||||||
$ | 8,052,503 | |||||||
|
|
|||||||
Diversified Telecommunication Services 1.2% |
||||||||
AT&T, Inc.(1) |
78,358 | $ | 2,793,463 | |||||
BT Group PLC(1) |
454,642 | 1,451,131 | ||||||
Deutsche Telekom AG(1) |
220,347 | 3,605,031 | ||||||
Orange SA |
56,906 | 967,279 | ||||||
Proximus SA |
25,589 | 795,617 | ||||||
Verizon Communications, Inc.(1) |
101,639 | 4,860,377 | ||||||
|
|
|||||||
$ | 14,472,898 | |||||||
|
|
|||||||
Electric Utilities 0.6% |
||||||||
Acciona SA |
8,786 | $ | 667,979 | |||||
Edison International(1) |
19,359 | 1,232,394 | ||||||
Iberdrola SA(1) |
800,751 | 5,888,233 | ||||||
|
|
|||||||
$ | 7,788,606 | |||||||
|
|
|||||||
Electrical Equipment 0.9% |
||||||||
ABB, Ltd.(1) |
258,273 | $ | 6,141,265 | |||||
Fujikura, Ltd. |
69,000 | 465,726 | ||||||
Legrand SA(1) |
47,726 | 3,744,611 | ||||||
Mabuchi Motor Co., Ltd. |
3,600 | 179,092 | ||||||
|
|
|||||||
$ | 10,530,694 | |||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 1.0% |
||||||||
Alps Electric Co., Ltd. |
113,800 | $ | 2,817,022 | |||||
Corning, Inc. |
19,975 | 556,903 | ||||||
Kyocera Corp. |
38,900 | 2,205,554 | ||||||
Omron Corp. |
16,500 | 964,533 | ||||||
Taiyo Yuden Co., Ltd. |
100,500 | 1,691,048 | ||||||
TDK Corp. |
40,200 | 3,581,364 | ||||||
|
|
|||||||
$ | 11,816,424 | |||||||
|
|
|||||||
Energy Equipment & Services 0.2% |
||||||||
Halliburton Co.(1) |
50,055 | $ | 2,349,582 | |||||
|
|
|||||||
$ | 2,349,582 | |||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 0.7% |
||||||||
American Tower Corp.(1) |
17,793 | $ | 2,586,035 | |||||
British Land Co. PLC (The) |
324,390 | 2,924,163 | ||||||
Simon Property Group, Inc.(1) |
19,951 | 3,079,437 | ||||||
|
|
|||||||
$ | 8,589,635 | |||||||
|
|
|||||||
Food & Staples Retailing 0.7% |
||||||||
CVS Health Corp.(1) |
71,786 | $ | 4,465,807 | |||||
FamilyMart UNY Holdings Co., Ltd. |
8,600 | 716,526 | ||||||
Seven & i Holdings Co., Ltd. |
44,200 | 1,893,189 | ||||||
Walmart, Inc.(1) |
8,421 | 749,216 | ||||||
|
|
|||||||
$ | 7,824,738 | |||||||
|
|
4
Security | Shares | Value | ||||||
Food Products 2.5% |
||||||||
Kraft Heinz Co. (The)(1) |
26,742 | $ | 1,665,759 | |||||
Mondelez International, Inc., Class A(1) |
224,275 | 9,358,996 | ||||||
Nestle SA |
225,170 | 17,797,772 | ||||||
Nissin Foods Holdings Co., Ltd. |
11,700 | 811,752 | ||||||
Toyo Suisan Kaisha, Ltd. |
5,000 | 197,583 | ||||||
Yakult Honsha Co., Ltd. |
5,700 | 427,267 | ||||||
|
|
|||||||
$ | 30,259,129 | |||||||
|
|
|||||||
Gas Utilities 0.0%(3) |
||||||||
Italgas SpA |
35,014 | $ | 209,220 | |||||
|
|
|||||||
$ | 209,220 | |||||||
|
|
|||||||
Health Care Equipment & Supplies 1.0% |
||||||||
Abbott Laboratories(1) |
113,910 | $ | 6,825,487 | |||||
Analogic Corp. |
8,867 | 850,345 | ||||||
Hologic, Inc.(2) |
17,554 | 655,817 | ||||||
Olympus Corp. |
6,900 | 263,850 | ||||||
Terumo Corp. |
56,300 | 2,928,266 | ||||||
|
|
|||||||
$ | 11,523,765 | |||||||
|
|
|||||||
Health Care Providers & Services 0.9% |
||||||||
DaVita, Inc.(1)(2) |
12,963 | $ | 854,780 | |||||
Fresenius SE & Co. KGaA |
8,764 | 670,138 | ||||||
McKesson Corp.(1) |
16,774 | 2,362,953 | ||||||
UnitedHealth Group, Inc.(1) |
34,811 | 7,449,554 | ||||||
|
|
|||||||
$ | 11,337,425 | |||||||
|
|
|||||||
Hotels, Restaurants & Leisure 0.7% |
||||||||
Accor SA |
26,214 | $ | 1,416,207 | |||||
Six Flags Entertainment Corp.(1) |
29,121 | 1,813,073 | ||||||
Yum! Brands, Inc.(1) |
56,109 | 4,776,559 | ||||||
|
|
|||||||
$ | 8,005,839 | |||||||
|
|
|||||||
Household Durables 0.6% |
||||||||
Barratt Developments PLC(1) |
337,253 | $ | 2,509,606 | |||||
Casio Computer Co., Ltd. |
63,200 | 941,416 | ||||||
PulteGroup, Inc.(1) |
70,920 | 2,091,431 | ||||||
Sekisui Chemical Co., Ltd. |
61,000 | 1,069,753 | ||||||
|
|
|||||||
$ | 6,612,206 | |||||||
|
|
|||||||
Household Products 0.7% |
||||||||
Clorox Co. (The)(1) |
13,090 | $ | 1,742,410 | |||||
Henkel AG & Co. KGaA, PFC Shares |
18,309 | 2,406,774 | ||||||
Kimberly-Clark Corp. |
6,527 | 718,818 | ||||||
Procter & Gamble Co. (The) |
2,074 | 164,427 | ||||||
Reckitt Benckiser Group PLC |
20,566 | 1,735,932 | ||||||
Unicharm Corp. |
37,200 | 1,072,979 | ||||||
|
|
|||||||
$ | 7,841,340 | |||||||
|
|
|||||||
Industrial Conglomerates 2.2% |
||||||||
3M Co.(1) |
27,304 | $ | 5,993,774 | |||||
Honeywell International, Inc.(1) |
31,549 | 4,559,146 | ||||||
Nisshinbo Holdings, Inc. |
109,000 | 1,476,213 | ||||||
Siemens AG(1) |
113,166 | 14,439,673 | ||||||
|
|
|||||||
$ | 26,468,806 | |||||||
|
|
5
Security | Shares | Value | ||||||
Insurance 4.2% |
||||||||
Ageas |
22,500 | $ | 1,161,102 | |||||
Allianz SE(1) |
66,106 | 14,943,733 | ||||||
Allstate Corp. (The)(1) |
14,927 | 1,415,080 | ||||||
Brighthouse Financial, Inc.(2) |
1,104 | 56,746 | ||||||
Chubb, Ltd. |
7,404 | 1,012,645 | ||||||
Cincinnati Financial Corp.(1) |
23,801 | 1,767,462 | ||||||
Hartford Financial Services Group, Inc.(1) |
45,077 | 2,322,367 | ||||||
Lincoln National Corp.(1) |
22,183 | 1,620,690 | ||||||
Marsh & McLennan Cos., Inc.(1) |
42,316 | 3,494,878 | ||||||
MetLife, Inc.(1) |
47,093 | 2,161,098 | ||||||
MS&AD Insurance Group Holdings, Inc. |
37,200 | 1,155,562 | ||||||
Principal Financial Group, Inc.(1) |
36,247 | 2,207,805 | ||||||
Prudential Financial, Inc.(1) |
27,177 | 2,814,178 | ||||||
Prudential PLC(1) |
349,752 | 8,739,838 | ||||||
SCOR SE(1) |
63,370 | 2,587,092 | ||||||
Swiss Life Holding AG(1) |
8,264 | 2,945,020 | ||||||
|
|
|||||||
$ | 50,405,296 | |||||||
|
|
|||||||
Internet & Direct Marketing Retail 4.6% |
||||||||
Amazon.com, Inc.(1)(2) |
28,144 | $ | 40,733,937 | |||||
Booking Holdings, Inc.(1)(2) |
3,947 | 8,211,299 | ||||||
Netflix, Inc.(1)(2) |
21,000 | 6,202,350 | ||||||
|
|
|||||||
$ | 55,147,586 | |||||||
|
|
|||||||
Internet Software & Services 5.9% |
||||||||
Alphabet, Inc., Class A(1)(2) |
21,560 | $ | 22,360,738 | |||||
Alphabet, Inc., Class C(1)(2) |
19,187 | 19,796,955 | ||||||
Facebook, Inc., Class A(1)(2) |
162,612 | 25,983,772 | ||||||
LogMeIn, Inc. |
5,861 | 677,239 | ||||||
United Internet AG |
32,975 | 2,077,774 | ||||||
|
|
|||||||
$ | 70,896,478 | |||||||
|
|
|||||||
IT Services 2.6% |
||||||||
Amadeus IT Group SA |
24,489 | $ | 1,812,262 | |||||
Atos SE |
5,628 | 771,088 | ||||||
Capgemini SE(1) |
34,597 | 4,316,820 | ||||||
Cognizant Technology Solutions Corp., Class A(1) |
79,444 | 6,395,242 | ||||||
DXC Technology Co. |
4,294 | 431,676 | ||||||
Fidelity National Information Services, Inc.(1) |
44,273 | 4,263,490 | ||||||
Indra Sistemas SA(2) |
58,122 | 804,718 | ||||||
International Business Machines Corp.(1) |
236 | 36,209 | ||||||
Mastercard, Inc., Class A(1) |
32,320 | 5,661,171 | ||||||
Nomura Research Institute, Ltd. |
8,100 | 382,718 | ||||||
NTT Data Corp. |
74,000 | 777,573 | ||||||
Obic Co., Ltd. |
7,300 | 615,156 | ||||||
Otsuka Corp. |
15,600 | 795,332 | ||||||
PayPal Holdings, Inc.(1)(2) |
52,937 | 4,016,330 | ||||||
|
|
|||||||
$ | 31,079,785 | |||||||
|
|
|||||||
Leisure Products 0.2% |
||||||||
Hasbro, Inc.(1) |
21,651 | $ | 1,825,179 | |||||
|
|
|||||||
$ | 1,825,179 | |||||||
|
|
6
Security | Shares | Value | ||||||
Life Sciences Tools & Services 0.3% |
||||||||
PerkinElmer, Inc. |
6,547 | $ | 495,739 | |||||
Thermo Fisher Scientific, Inc.(1) |
17,359 | 3,583,939 | ||||||
|
|
|||||||
$ | 4,079,678 | |||||||
|
|
|||||||
Machinery 1.7% |
||||||||
Dover Corp. |
7,424 | $ | 729,185 | |||||
Ebara Corp. |
30,600 | 1,091,517 | ||||||
FANUC Corp. |
37,427 | 9,631,953 | ||||||
Kawasaki Heavy Industries, Ltd. |
3,100 | 100,036 | ||||||
Komatsu, Ltd. |
29,200 | 978,169 | ||||||
Makita Corp. |
13,400 | 663,757 | ||||||
MAN SE |
7,139 | 832,474 | ||||||
NSK, Ltd. |
6,000 | 80,720 | ||||||
Parker-Hannifin Corp.(1) |
7,147 | 1,222,352 | ||||||
SMC Corp. |
1,900 | 772,918 | ||||||
Snap-on, Inc. |
6,143 | 906,338 | ||||||
Stanley Black & Decker, Inc.(1) |
24,657 | 3,777,452 | ||||||
|
|
|||||||
$ | 20,786,871 | |||||||
|
|
|||||||
Media 3.0% |
||||||||
Charter Communications, Inc.(1)(2) |
10,343 | $ | 3,218,948 | |||||
Comcast Corp., Class A(1) |
406,882 | 13,903,158 | ||||||
Dentsu, Inc. |
11,400 | 503,799 | ||||||
Hakuhodo DY Holdings, Inc. |
20,900 | 288,507 | ||||||
Interpublic Group of Cos., Inc. (The) |
40,333 | 928,869 | ||||||
Omnicom Group, Inc. |
9,804 | 712,457 | ||||||
ProSiebenSat.1 Media SE |
27,382 | 948,415 | ||||||
Sky PLC(1) |
447,757 | 8,154,590 | ||||||
Time Warner, Inc. |
9,190 | 869,190 | ||||||
Walt Disney Co. (The)(1) |
58,917 | 5,917,624 | ||||||
|
|
|||||||
$ | 35,445,557 | |||||||
|
|
|||||||
Metals & Mining 1.4% |
||||||||
Glencore PLC(1) |
1,472,251 | $ | 7,315,955 | |||||
Mitsubishi Materials Corp. |
8,000 | 237,139 | ||||||
Nippon Light Metal Holdings Co., Ltd. |
200,000 | 522,900 | ||||||
Nucor Corp.(1) |
23,673 | 1,446,184 | ||||||
Rio Tinto PLC(1) |
142,688 | 7,240,570 | ||||||
|
|
|||||||
$ | 16,762,748 | |||||||
|
|
|||||||
Multi-Utilities 0.7% |
||||||||
CMS Energy Corp.(1) |
118,010 | $ | 5,344,673 | |||||
Engie SA |
62,752 | 1,047,863 | ||||||
NiSource, Inc.(1) |
42,420 | 1,014,262 | ||||||
Veolia Environnement SA |
37,663 | 894,774 | ||||||
|
|
|||||||
$ | 8,301,572 | |||||||
|
|
|||||||
Multiline Retail 0.6% |
||||||||
Isetan Mitsukoshi Holdings, Ltd. |
62,132 | $ | 687,529 | |||||
Marks & Spencer Group PLC |
398,770 | 1,514,710 | ||||||
Next PLC(1) |
41,584 | 2,779,849 | ||||||
Nordstrom, Inc. |
12,439 | 602,172 | ||||||
Target Corp.(1) |
16,910 | 1,174,061 | ||||||
|
|
|||||||
$ | 6,758,321 | |||||||
|
|
7
Security | Shares | Value | ||||||
Oil, Gas & Consumable Fuels 4.0% |
||||||||
BP PLC(1) |
1,013,220 | $ | 6,834,272 | |||||
Chevron Corp.(1) |
65,240 | 7,439,970 | ||||||
ConocoPhillips(1) |
20,000 | 1,185,800 | ||||||
ENI SpA(1) |
351,386 | 6,189,751 | ||||||
EOG Resources, Inc. |
361 | 38,002 | ||||||
Exxon Mobil Corp.(1) |
28,722 | 2,142,948 | ||||||
Idemitsu Kosan Co., Ltd. |
6,200 | 237,216 | ||||||
Marathon Petroleum Corp.(1) |
27,916 | 2,040,939 | ||||||
Newfield Exploration Co.(2) |
4,233 | 103,370 | ||||||
Phillips 66(1) |
36,105 | 3,463,192 | ||||||
Pioneer Natural Resources Co. |
4,000 | 687,120 | ||||||
Royal Dutch Shell PLC, Class A(1) |
189,507 | 5,995,725 | ||||||
Royal Dutch Shell PLC, Class B |
30,575 | 983,856 | ||||||
Snam SpA |
175,073 | 804,776 | ||||||
Total SA(1) |
166,408 | 9,538,444 | ||||||
|
|
|||||||
$ | 47,685,381 | |||||||
|
|
|||||||
Paper & Forest Products 0.0%(3) |
||||||||
OJI Paper Co., Ltd. |
13,000 | $ | 83,788 | |||||
|
|
|||||||
$ | 83,788 | |||||||
|
|
|||||||
Personal Products 1.7% |
||||||||
Estee Lauder Cos., Inc. (The), Class A(1) |
25,480 | $ | 3,814,866 | |||||
Kao Corp.(1) |
61,054 | 4,583,534 | ||||||
Unilever NV(1) |
193,140 | 10,901,867 | ||||||
Unilever PLC |
15,759 | 874,034 | ||||||
|
|
|||||||
$ | 20,174,301 | |||||||
|
|
|||||||
Pharmaceuticals 6.2% |
||||||||
Allergan PLC(1) |
1,971 | $ | 331,700 | |||||
Astellas Pharma, Inc. |
215,900 | 3,302,402 | ||||||
AstraZeneca PLC(1) |
97,424 | 6,697,048 | ||||||
Bayer AG(1) |
31,622 | 3,564,865 | ||||||
Chugai Pharmaceutical Co., Ltd. |
92,300 | 4,685,916 | ||||||
Eisai Co., Ltd. |
13,646 | 878,619 | ||||||
Eli Lilly & Co.(1) |
13,232 | 1,023,760 | ||||||
Hisamitsu Pharmaceutical Co., Inc. |
1,400 | 108,225 | ||||||
Indivior PLC(2) |
25,431 | 145,372 | ||||||
Johnson & Johnson(1) |
60,088 | 7,700,277 | ||||||
Merck & Co., Inc.(1) |
103,665 | 5,646,632 | ||||||
Mitsubishi Tanabe Pharma Corp. |
10,000 | 202,033 | ||||||
Novartis AG |
177,832 | 14,383,208 | ||||||
Pfizer, Inc. |
14,458 | 513,114 | ||||||
Roche Holding AG PC |
59,291 | 13,601,178 | ||||||
Sanofi(1) |
124,447 | 9,985,630 | ||||||
Takeda Pharmaceutical Co., Ltd. |
13,231 | 645,160 | ||||||
UCB SA |
9,177 | 747,359 | ||||||
|
|
|||||||
$ | 74,162,498 | |||||||
|
|
|||||||
Professional Services 0.5% |
||||||||
Equifax, Inc.(1) |
15,217 | $ | 1,792,715 | |||||
Experian PLC |
85,608 | 1,851,417 | ||||||
Robert Half International, Inc.(1) |
30,884 | 1,787,875 | ||||||
Wolters Kluwer NV |
961 | 51,110 | ||||||
|
|
|||||||
$ | 5,483,117 | |||||||
|
|
8
Security | Shares | Value | ||||||
Real Estate Management & Development 0.4% |
||||||||
Capital & Counties Properties PLC |
189,600 | $ | 724,117 | |||||
CBRE Group, Inc., Class A(1)(2) |
37,761 | 1,783,074 | ||||||
Daito Trust Construction Co., Ltd. |
6,300 | 1,072,681 | ||||||
Heiwa Real Estate Co., Ltd. |
34,400 | 665,633 | ||||||
Sumitomo Realty & Development Co., Ltd. |
23,000 | 859,432 | ||||||
|
|
|||||||
$ | 5,104,937 | |||||||
|
|
|||||||
Road & Rail 0.8% |
||||||||
Central Japan Railway Co. |
3,400 | $ | 648,864 | |||||
CSX Corp.(1) |
115,014 | 6,407,430 | ||||||
East Japan Railway Co. |
6,400 | 598,361 | ||||||
Kansas City Southern(1) |
15,468 | 1,699,160 | ||||||
Keio Corp. |
15,200 | 655,125 | ||||||
|
|
|||||||
$ | 10,008,940 | |||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 3.9% |
||||||||
Intel Corp.(1) |
280,224 | $ | 14,594,066 | |||||
Marvell Technology Group, Ltd.(1) |
84,177 | 1,767,717 | ||||||
NXP Semiconductors NV(1)(2) |
49,589 | 5,801,913 | ||||||
QUALCOMM, Inc.(1) |
86,673 | 4,802,551 | ||||||
Texas Instruments, Inc.(1) |
110,334 | 11,462,599 | ||||||
Tokyo Electron, Ltd. |
42,200 | 7,806,625 | ||||||
Versum Materials, Inc. |
16,211 | 610,020 | ||||||
|
|
|||||||
$ | 46,845,491 | |||||||
|
|
|||||||
Software 5.1% |
||||||||
Citrix Systems, Inc.(1)(2) |
34,110 | $ | 3,165,408 | |||||
Electronic Arts, Inc.(1)(2) |
53,174 | 6,446,816 | ||||||
Konami Holdings Corp. |
5,500 | 280,098 | ||||||
Microsoft Corp.(1) |
473,394 | 43,206,670 | ||||||
Oracle Corp.(1) |
143,065 | 6,545,224 | ||||||
Trend Micro, Inc. |
14,097 | 831,325 | ||||||
|
|
|||||||
$ | 60,475,541 | |||||||
|
|
|||||||
Specialty Retail 2.1% |
||||||||
CarMax, Inc.(2) |
5,464 | $ | 338,440 | |||||
Fast Retailing Co., Ltd. |
26,300 | 10,565,573 | ||||||
Fnac Darty SA(2) |
922 | 98,671 | ||||||
Home Depot, Inc. (The)(1) |
42,734 | 7,616,908 | ||||||
Lowes Cos., Inc.(1) |
50,810 | 4,458,578 | ||||||
Tiffany & Co.(1) |
19,173 | 1,872,435 | ||||||
USS Co., Ltd. |
27,200 | 556,713 | ||||||
|
|
|||||||
$ | 25,507,318 | |||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 4.6% |
||||||||
Apple, Inc.(1) |
302,586 | $ | 50,767,879 | |||||
Brother Industries, Ltd. |
18,000 | 417,374 | ||||||
Canon, Inc. |
19,100 | 692,915 | ||||||
Hewlett Packard Enterprise Co. |
78,955 | 1,384,871 | ||||||
HP, Inc.(1) |
54,791 | 1,201,019 | ||||||
|
|
|||||||
$ | 54,464,058 | |||||||
|
|
9
Security | Shares | Value | ||||||
Textiles, Apparel & Luxury Goods 2.0% |
||||||||
adidas AG |
11,824 | $ | 2,876,748 | |||||
Asics Corp. |
20,000 | 372,519 | ||||||
Hanesbrands, Inc. |
32,716 | 602,629 | ||||||
Hermes International |
1,733 | 1,027,238 | ||||||
Kering SA(1) |
7,380 | 3,539,572 | ||||||
LVMH Moet Hennessy Louis Vuitton SE(1) |
32,072 | 9,883,729 | ||||||
NIKE, Inc., Class B(1) |
83,464 | 5,545,348 | ||||||
|
|
|||||||
$ | 23,847,783 | |||||||
|
|
|||||||
Tobacco 2.1% |
||||||||
British American Tobacco PLC(1) |
211,393 | $ | 12,219,966 | |||||
Imperial Brands PLC(1) |
143,738 | 4,894,206 | ||||||
Japan Tobacco, Inc. |
76,500 | 2,185,375 | ||||||
Philip Morris International, Inc.(1) |
64,219 | 6,383,369 | ||||||
|
|
|||||||
$ | 25,682,916 | |||||||
|
|
|||||||
Trading Companies & Distributors 0.5% |
||||||||
Ferguson PLC(1) |
47,906 | $ | 3,603,004 | |||||
Marubeni Corp. |
20,000 | 146,051 | ||||||
Mitsubishi Corp. |
32,700 | 880,253 | ||||||
Sumitomo Corp. |
96,700 | 1,619,970 | ||||||
|
|
|||||||
$ | 6,249,278 | |||||||
|
|
|||||||
Transportation Infrastructure 0.1% |
||||||||
Aeroports de Paris |
6,667 | $ | 1,452,484 | |||||
|
|
|||||||
$ | 1,452,484 | |||||||
|
|
|||||||
Wireless Telecommunication Services 1.3% |
||||||||
KDDI Corp. |
151,600 | $ | 3,904,369 | |||||
SoftBank Group Corp. |
94,098 | 7,018,889 | ||||||
Vodafone Group PLC |
1,847,125 | 5,053,791 | ||||||
|
|
|||||||
$ | 15,977,049 | |||||||
|
|
|||||||
Total Common Stocks 99.3% |
$ | 1,185,375,221 | ||||||
|
|
|||||||
Total Written Call Options (0.4)% |
$ | (5,108,031 | ) | |||||
|
|
|||||||
Other Assets, Less Liabilities 1.1% |
$ | 13,691,416 | ||||||
|
|
|||||||
Net Assets 100.0% |
$ | 1,193,958,606 | ||||||
|
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
(1) | Security (or a portion thereof) has been pledged as collateral for written options. |
(2) | Non-income producing security. |
(3) | Amount is less than 0.05%. |
10
Country Concentration of Portfolio
Country | Percentage of Total Investments |
Value | ||||||
United States |
54.7 | % | $ | 648,788,321 | ||||
Japan |
11.0 | 130,512,718 | ||||||
United Kingdom |
9.8 | 115,940,287 | ||||||
France |
6.8 | 80,625,724 | ||||||
Germany |
6.3 | 74,960,253 | ||||||
Switzerland |
4.7 | 55,601,735 | ||||||
Netherlands |
2.4 | 28,363,300 | ||||||
Spain |
1.8 | 21,480,731 | ||||||
Italy |
1.3 | 14,818,731 | ||||||
Belgium |
0.5 | 5,595,534 | ||||||
Denmark |
0.2 | 2,730,913 | ||||||
Sweden |
0.2 | 2,487,717 | ||||||
Ireland |
0.2 | 2,111,303 | ||||||
Finland |
0.1 | 1,357,954 | ||||||
|
|
|
|
|||||
Total Investments |
100.0 | % | $ | 1,185,375,221 | ||||
|
|
|
|
Written Call Options (0.4)%
Exchange-Traded Options (0.4)%
Description | Number of Contracts |
Notional Amount |
Exercise Price |
Expiration Date |
Value | |||||||||||||||
Dow Jones Euro Stoxx 50 Index |
1,410 | EUR | 47,397,150 | EUR | 3,475 | 4/6/18 | $ | (16,206 | ) | |||||||||||
Dow Jones Euro Stoxx 50 Index |
1,415 | EUR | 47,565,225 | EUR | 3,450 | 4/13/18 | (116,902 | ) | ||||||||||||
Dow Jones Euro Stoxx 50 Index |
1,415 | EUR | 47,565,225 | EUR | 3,375 | 4/20/18 | (625,687 | ) | ||||||||||||
Dow Jones Euro Stoxx 50 Index |
1,380 | EUR | 46,388,700 | EUR | 3,375 | 4/27/18 | (598,960 | ) | ||||||||||||
FTSE 100 Index |
550 | GBP | 38,811,355 | GBP | 7,225 | 4/20/18 | (150,280 | ) | ||||||||||||
FTSE 100 Index |
550 | GBP | 38,811,355 | GBP | 7,275 | 4/20/18 | (94,136 | ) | ||||||||||||
NASDAQ 100 Index |
95 | USD | 62,520,697 | USD | 7,050 | 4/6/18 | (20,425 | ) | ||||||||||||
NASDAQ 100 Index |
90 | USD | 59,230,134 | USD | 7,075 | 4/13/18 | (46,350 | ) | ||||||||||||
NASDAQ 100 Index |
95 | USD | 62,520,697 | USD | 6,950 | 4/20/18 | (229,425 | ) | ||||||||||||
NASDAQ 100 Index |
95 | USD | 62,520,697 | USD | 6,750 | 4/27/18 | (948,575 | ) | ||||||||||||
Nikkei 225 Index |
160 | JPY | 3,432,688,000 | JPY | 22,000 | 4/6/18 | (37,946 | ) | ||||||||||||
Nikkei 225 Index |
155 | JPY | 3,325,416,500 | JPY | 22,125 | 4/13/18 | (73,581 | ) | ||||||||||||
Nikkei 225 Index |
155 | JPY | 3,325,416,500 | JPY | 21,500 | 4/20/18 | (391,572 | ) | ||||||||||||
Nikkei 225 Index |
155 | JPY | 3,325,416,500 | JPY | 21,875 | 4/27/18 | (386,025 | ) | ||||||||||||
S&P 500 Index |
115 | USD | 30,370,005 | USD | 2,775 | 4/4/18 | (2,013 | ) | ||||||||||||
S&P 500 Index |
115 | USD | 30,370,005 | USD | 2,795 | 4/6/18 | (3,163 | ) | ||||||||||||
S&P 500 Index |
115 | USD | 30,370,005 | USD | 2,775 | 4/11/18 | (16,963 | ) | ||||||||||||
S&P 500 Index |
115 | USD | 30,370,005 | USD | 2,790 | 4/13/18 | (17,538 | ) | ||||||||||||
S&P 500 Index |
115 | USD | 30,370,005 | USD | 2,765 | 4/16/18 | (39,675 | ) | ||||||||||||
S&P 500 Index |
115 | USD | 30,370,005 | USD | 2,760 | 4/18/18 | (59,225 | ) | ||||||||||||
S&P 500 Index |
120 | USD | 31,690,440 | USD | 2,710 | 4/20/18 | (196,200 | ) | ||||||||||||
S&P 500 Index |
120 | USD | 31,690,440 | USD | 2,685 | 4/23/18 | (309,600 | ) | ||||||||||||
S&P 500 Index |
115 | USD | 30,370,005 | USD | 2,700 | 4/25/18 | (250,125 | ) | ||||||||||||
S&P 500 Index |
120 | USD | 31,690,440 | USD | 2,675 | 4/27/18 | (398,400 | ) | ||||||||||||
SMI Index |
540 | CHF | 47,201,238 | CHF | 9,000 | 4/20/18 | (79,059 | ) | ||||||||||||
|
|
|||||||||||||||||||
Total |
$ | (5,108,031 | ) | |||||||||||||||||
|
|
11
Abbreviations:
PC |
- | Participation Certificate | ||
PFC Shares |
- | Preference Shares | ||
Currency Abbreviations: | ||||
CHF |
- | Swiss Franc | ||
EUR |
- | Euro | ||
GBP |
- | British Pound Sterling | ||
JPY |
- | Japanese Yen | ||
USD |
- | United States Dollar |
At March 31, 2018, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund writes 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, 2018, the aggregate fair value of open 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 $5,108,031.
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) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
12
At March 31, 2018, the hierarchy of inputs used in valuing the Funds investments and open derivative instruments, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | ||||||||||||||||
Consumer Discretionary |
$ | 115,461,289 | $ | 75,661,332 | $ | | $ | 191,122,621 | ||||||||
Consumer Staples |
38,915,783 | 68,327,035 | | 107,242,818 | ||||||||||||
Energy |
19,450,923 | 30,584,040 | | 50,034,963 | ||||||||||||
Financials |
65,700,524 | 100,167,914 | | 165,868,438 | ||||||||||||
Health Care |
75,621,031 | 63,934,117 | | 139,555,148 | ||||||||||||
Industrials |
49,045,102 | 74,158,740 | | 123,203,842 | ||||||||||||
Information Technology |
256,266,070 | 34,999,253 | | 291,265,323 | ||||||||||||
Materials |
11,435,797 | 45,202,354 | | 56,638,151 | ||||||||||||
Real Estate |
7,448,546 | 6,246,026 | | 13,694,572 | ||||||||||||
Telecommunication Services |
7,653,840 | 22,796,107 | | 30,449,947 | ||||||||||||
Utilities |
7,591,329 | 8,708,069 | | 16,299,398 | ||||||||||||
Total Common Stocks |
$ | 654,590,234 | $ | 530,784,987 | * | $ | | $ | 1,185,375,221 | |||||||
Total Investments |
$ | 654,590,234 | $ | 530,784,987 | $ | | $ | 1,185,375,221 | ||||||||
Liability Description | ||||||||||||||||
Written Call Options |
$ | (2,537,677 | ) | $ | (2,570,354 | ) | $ | | $ | (5,108,031 | ) | |||||
Total |
$ | (2,537,677 | ) | $ | (2,570,354 | ) | $ | | $ | (5,108,031 | ) |
* | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |
At March 31, 2018, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.
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.
13
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.
Item 3. Exhibits
A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act is attached hereto.
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/ Edward J. Perkin | |
Edward J. Perkin | ||
President | ||
Date: | May 24, 2018 |
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/ Edward J. Perkin | |
Edward J. Perkin | ||
President | ||
Date: | May 24, 2018 |
By: | /s/ James F. Kirchner | |
James F. Kirchner | ||
Treasurer | ||
Date: | May 24, 2018 |