N-Q 1 d154073dnq.htm EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDEND OPPORTUNITIES FUND Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-21519

Investment Company Act File Number

Eaton Vance Tax-Advantaged Global Dividend 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

(Registrant’s Telephone Number, Including Area Code)

October 31

Date of Fiscal Year End

January 31, 2016

Date of Reporting Period

 

 

 


Item 1. Schedule of Investments


Eaton Vance

Tax-Advantaged Global Dividend Opportunities Fund

January 31, 2016

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 104.5%

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 1.9%

     

United Technologies Corp.(1)

     66,710       $ 5,849,800   
     

 

 

 
   $ 5,849,800   
     

 

 

 

Air Freight & Logistics — 1.5%

     

C.H. Robinson Worldwide, Inc.(1)

     71,872       $ 4,655,149   
     

 

 

 
   $ 4,655,149   
     

 

 

 

Automobiles — 0.7%

     

Toyota Motor Corp.(1)

     34,391       $ 2,071,355   
     

 

 

 
   $ 2,071,355   
     

 

 

 

Banks — 7.6%

     

JPMorgan Chase & Co.(1)

     103,620       $ 6,165,390   

Lloyds Banking Group PLC(1)

     2,945,804         2,759,797   

Mitsubishi UFJ Financial Group, Inc.(1)

     805,989         4,133,027   

Natixis SA(1)

     819,050         4,007,270   

Wells Fargo & Co.(1)

     135,469         6,804,608   
     

 

 

 
   $ 23,870,092   
     

 

 

 

Beverages — 4.2%

     

Anheuser-Busch InBev SA/NV(1)

     35,029       $ 4,405,476   

Constellation Brands, Inc., Class A(1)

     27,838         4,244,738   

Diageo PLC(1)

     164,759         4,435,560   
     

 

 

 
   $ 13,085,774   
     

 

 

 

Biotechnology — 2.6%

     

Celgene Corp.(1)(2)

     38,018       $ 3,813,966   

Gilead Sciences, Inc.(1)

     53,260         4,420,580   
     

 

 

 
   $ 8,234,546   
     

 

 

 

Capital Markets — 2.4%

     

Azimut Holding SpA(1)

     78,523       $ 1,653,423   

Credit Suisse Group AG(1)

     144,606         2,561,748   

Credit Suisse Group AG(1)(3)

     189,782         3,362,058   
     

 

 

 
   $ 7,577,229   
     

 

 

 

Chemicals — 2.6%

     

LyondellBasell Industries NV, Class A(1)

     59,712       $ 4,655,745   

PPG Industries, Inc.(1)

     36,828         3,503,079   
     

 

 

 
   $ 8,158,824   
     

 

 

 

Commercial Services & Supplies — 1.3%

  

Brambles, Ltd.(1)

     519,762       $ 4,152,054   
     

 

 

 
   $ 4,152,054   
     

 

 

 

Consumer Finance — 3.6%

     

Discover Financial Services(1)

     104,601       $ 4,789,680   

Synchrony Financial(1)(2)

     230,638         6,554,732   
     

 

 

 
   $ 11,344,412   
     

 

 

 

 

1

 

 


                                                 
Security    Shares      Value  

Diversified Financial Services — 0.5%

     

Banca Mediolanum SpA

     251,996       $ 1,681,602   
     

 

 

 
   $ 1,681,602   
     

 

 

 

Diversified Telecommunication Services — 1.8%

     

Nippon Telegraph & Telephone Corp.(1)

     132,583       $ 5,644,403   
     

 

 

 
   $ 5,644,403   
     

 

 

 

Electric Utilities — 1.6%

     

NextEra Energy, Inc.(1)

     44,161       $ 4,933,225   
     

 

 

 
   $ 4,933,225   
     

 

 

 

Electrical Equipment — 1.1%

     

Nidec Corp.(1)

     49,711       $ 3,391,721   
     

 

 

 
   $ 3,391,721   
     

 

 

 

Electronic Equipment, Instruments & Components — 0.5%

     

Yaskawa Electric Corp.

     130,209       $ 1,444,952   
     

 

 

 
   $ 1,444,952   
     

 

 

 

Energy Equipment & Services — 1.2%

     

Schlumberger, Ltd.(1)

     50,569       $ 3,654,622   
     

 

 

 
   $ 3,654,622   
     

 

 

 

Food Products — 2.3%

     

Kerry Group PLC, Class A

     34,963       $ 2,850,979   

Mondelez International, Inc., Class A(1)

     103,798         4,473,694   
     

 

 

 
   $ 7,324,673   
     

 

 

 

Health Care Equipment & Supplies — 1.5%

     

Medtronic PLC(1)

     63,836       $ 4,846,429   
     

 

 

 
   $ 4,846,429   
     

 

 

 

Health Care Providers & Services — 0.3%

     

McKesson Corp.

     6,203       $ 998,559   
     

 

 

 
   $ 998,559   
     

 

 

 

Hotels, Restaurants & Leisure — 0.7%

  

Accor SA(1)

     54,259       $ 2,060,663   
     

 

 

 
   $ 2,060,663   
     

 

 

 

Household Durables — 0.5%

     

Newell Rubbermaid, Inc.

     43,881       $ 1,701,705   
     

 

 

 
   $ 1,701,705   
     

 

 

 

Household Products — 1.3%

     

Reckitt Benckiser Group PLC(1)

     47,215       $ 4,199,351   
     

 

 

 
   $ 4,199,351   
     

 

 

 

Industrial Conglomerates — 2.7%

     

General Electric Co.(1)

     296,007       $ 8,613,804   
     

 

 

 
   $ 8,613,804   
     

 

 

 

Insurance — 5.2%

     

Aflac, Inc.(1)

     50,224       $ 2,910,983   

Chubb, Ltd.(1)

     35,810         4,049,037   

Prudential PLC(1)

     238,571         4,687,007   

St. James’s Place PLC(1)

     331,737         4,541,917   
     

 

 

 
   $ 16,188,944   
     

 

 

 

Internet & Catalog Retail — 1.5%

     

Amazon.com, Inc.(1)(2)

     8,058       $ 4,730,046   
     

 

 

 
   $ 4,730,046   
     

 

 

 

 

2

 

 


                                                 
Security    Shares      Value  

Internet Software & Services — 7.1%

     

Alibaba Group Holding, Ltd. ADR(2)

     38,570       $ 2,585,347   

Alphabet, Inc., Class C(1)(2)

     18,186         13,511,289   

Facebook, Inc., Class A(1)(2)

     54,540         6,119,933   
     

 

 

 
   $ 22,216,569   
     

 

 

 

IT Services — 3.0%

     

Visa, Inc., Class A(1)

     92,501       $ 6,890,400   

Worldpay Group PLC(2)(4)

     570,909         2,558,349   
     

 

 

 
   $ 9,448,749   
     

 

 

 

Machinery — 0.6%

     

FANUC Corp.

     10,867       $ 1,454,978   

Melrose Industries PLC(1)

     127,288         542,679   
     

 

 

 
   $ 1,997,657   
     

 

 

 

Media — 1.6%

     

Live Nation Entertainment, Inc.(2)

     16,021       $ 363,676   

Walt Disney Co. (The)(1)

     49,329         4,726,705   
     

 

 

 
   $ 5,090,381   
     

 

 

 

Multi-Utilities — 1.8%

  

National Grid PLC(1)

     181,138       $ 2,551,998   

Sempra Energy(1)

     33,400         3,164,650   
     

 

 

 
   $ 5,716,648   
     

 

 

 

Multiline Retail — 1.3%

     

Dollar General Corp.(1)

     54,814       $ 4,114,339   
     

 

 

 
   $ 4,114,339   
     

 

 

 

Oil, Gas & Consumable Fuels — 7.1%

     

Devon Energy Corp.(1)

     88,714       $ 2,475,120   

Exxon Mobil Corp.(1)

     34,493         2,685,280   

Occidental Petroleum Corp.(1)

     78,612         5,410,864   

Phillips 66(1)

     50,099         4,015,435   

Range Resources Corp.

     60,160         1,778,330   

Royal Dutch Shell PLC, Class B(1)

     274,759         5,986,430   
     

 

 

 
   $ 22,351,459   
     

 

 

 

Personal Products — 1.3%

     

Estee Lauder Cos., Inc. (The), Class A(1)

     49,471       $ 4,217,403   
     

 

 

 
   $ 4,217,403   
     

 

 

 

Pharmaceuticals — 9.3%

     

Bayer AG(1)

     47,064       $ 5,296,875   

Novo Nordisk A/S, Class B

     22,651         1,265,475   

Perrigo Co. PLC(1)

     37,053         5,357,123   

Roche Holding AG PC(1)

     21,627         5,601,915   

Sanofi(1)

     57,835         4,809,597   

Shire PLC ADR

     21,006         3,535,310   

Teva Pharmaceutical Industries, Ltd. ADR(1)

     56,583         3,478,723   
     

 

 

 
   $ 29,345,018   
     

 

 

 

Professional Services — 1.2%

     

Verisk Analytics, Inc.(1)(2)

     50,760       $ 3,705,480   
     

 

 

 
   $ 3,705,480   
     

 

 

 

Road & Rail — 1.1%

     

Union Pacific Corp.

     47,124       $ 3,392,928   
     

 

 

 
   $ 3,392,928   
     

 

 

 

 

3

 

 


                                                 
Security    Shares      Value  

Semiconductors & Semiconductor Equipment — 1.9%

     

ASML Holding NV

     40,206       $ 3,690,193   

Infineon Technologies AG

     80,451         1,076,551   

NXP Semiconductors NV(1)(2)

     17,154         1,282,776   
     

 

 

 
   $ 6,049,520   
     

 

 

 

Software — 0.7%

  

Microsoft Corp.

     38,616       $ 2,127,355   
     

 

 

 
   $ 2,127,355   
     

 

 

 

Specialty Retail — 5.0%

     

Dixons Carphone PLC

     455,910       $ 3,091,940   

Home Depot, Inc. (The)(1)

     53,529         6,731,807   

Industria de Diseno Textil SA

     98,858         3,253,340   

Lowe’s Cos., Inc.(1)

     39,021         2,796,245   
     

 

 

 
   $ 15,873,332   
     

 

 

 

Technology Hardware, Storage & Peripherals — 1.6%

     

Apple, Inc.(1)

     51,069       $ 4,971,056   
     

 

 

 
   $ 4,971,056   
     

 

 

 

Textiles, Apparel & Luxury Goods — 4.5%

     

LVMH Moet Hennessy Louis Vuitton SE(1)

     24,213       $ 3,894,575   

NIKE, Inc., Class B(1)

     115,982         7,192,044   

Pandora A/S(1)

     23,499         3,143,826   
     

 

 

 
   $ 14,230,445   
     

 

 

 

Tobacco — 2.9%

     

Altria Group, Inc.(1)

     49,699       $ 3,037,106   

Imperial Tobacco Group PLC(1)

     70,289         3,805,839   

Reynolds American, Inc.

     46,304         2,312,885   
     

 

 

 
   $ 9,155,830   
     

 

 

 

Wireless Telecommunication Services — 1.4%

     

Vodafone Group PLC(1)

     1,342,929       $ 4,316,643   
     

 

 

 
   $ 4,316,643   
     

 

 

 

Total Common Stocks
(identified cost $295,707,052)

      $ 328,734,746   
     

 

 

 

Preferred Stocks — 19.8%

     
Security    Shares      Value  

Banks — 9.9%

     

AgriBank FCB, 6.875% to 1/1/24(5)

     16,581       $ 1,785,566   

Barclays Bank PLC, 8.25% to 12/15/18(5)

     3,232         3,428,298   

Citigroup, Inc., Series K, 6.875% to 11/15/23(5)

     72,917         2,007,514   

CoBank ACB, Series F, 6.25% to 10/1/22(4)(5)

     16,600         1,725,363   

Farm Credit Bank of Texas, 6.75% to 9/15/23(4)(5)

     2,500         267,344   

Farm Credit Bank of Texas, Series 1, 10.00%(4)

     906         1,134,199   

First Tennessee Bank, 3.75%(4)(6)

     840         558,863   

JPMorgan Chase & Co., Series O, 5.50%

     40,767         1,027,736   

JPMorgan Chase & Co., Series R, 6.00% to 8/1/23(5)

     817         817,919   

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24(5)

     905         912,236   

JPMorgan Chase & Co., Series Y, 6.125%

     54,650         1,414,342   

KeyCorp, Series A, 7.75% (Convertible)

     17,976         2,336,880   

Lloyds Banking Group PLC, 6.657% to 5/21/37(4)(5)

     457         517,353   

 

4

 

 


                                                 
Security    Shares      Value  

Regions Financial Corp., Series A, 6.375%

     81,500       $ 2,125,520   

Royal Bank of Scotland Group PLC, Series L, 5.75%

     33,628         832,966   

Standard Chartered PLC, 7.014% to 7/30/37(4)(5)

     13.37         1,424,686   

SunTrust Banks, Inc., Series E, 5.875%

     58,779         1,514,882   

Texas Capital Bancshares, Inc., 6.50%

     67,865         1,659,299   

Texas Capital Bancshares, Inc., Series A, 6.50%

     6,900         167,463   

Webster Financial Corp., Series E, 6.40%

     55,731         1,443,572   

Wells Fargo & Co., Series L, 7.50% (Convertible)

     2,672         3,131,584   

Zions Bancorporation, Series I, 5.80% to 9/15/23(5)

     220         213,482   

Zions Bancorporation, Series J, 7.20% to 9/15/23(5)

     735         797,307   
     

 

 

 
   $ 31,244,374   
     

 

 

 

Capital Markets — 1.7%

     

Goldman Sachs Group, Inc. (The), Series I, 5.95%

     13,187       $ 340,620   

Goldman Sachs Group, Inc. (The), Series J, 5.50% to 5/10/23(5)

     62,587         1,562,797   

Morgan Stanley, Series G, 6.625%

     89,683         2,402,608   

State Street Corp., Series D, 5.90% to 3/15/24(5)

     33,821         911,189   
     

 

 

 
   $ 5,217,214   
     

 

 

 

Consumer Finance — 1.2%

     

Capital One Financial Corp., Series B, 6.00%

     104,898       $ 2,718,956   

Discover Financial Services, Series B, 6.50%

     37,641         982,197   
     

 

 

 
   $ 3,701,153   
     

 

 

 

Diversified Financial Services — 0.3%

     

KKR Financial Holdings, LLC, Series A, 7.375%

     37,254       $ 981,363   
     

 

 

 
   $ 981,363   
     

 

 

 

Electric Utilities — 2.6%

     

AES Gener SA, 8.375% to 6/18/19(4)(5)

     1,936       $ 1,921,937   

Entergy Arkansas, Inc., 6.45%

     105,069         2,652,992   

NextEra Energy Capital Holdings, Inc., Series G, 5.70%

     30,646         791,356   

NextEra Energy Capital Holdings, Inc., Series I, 5.125%

     19,531         490,619   

Southern California Edison Co., Series E, 6.25% to 2/1/22(5)

     861         949,701   

Southern Co. (The), 6.25%

     53,497         1,417,136   
     

 

 

 
   $ 8,223,741   
     

 

 

 

Food Products — 1.5%

     

Dairy Farmers of America, 7.875%(4)

     22,100       $ 2,357,104   

Land O’Lakes, Inc., 8.00%(4)

     1,683         1,771,732   

Ocean Spray Cranberries, Inc., 6.25%(4)

     6,085         527,684   
     

 

 

 
   $ 4,656,520   
     

 

 

 

Machinery — 0.4%

     

Stanley Black & Decker, Inc., 5.75%

     44,548       $ 1,148,960   
     

 

 

 
   $ 1,148,960   
     

 

 

 

Multi-Utilities — 0.1%

  

DTE Energy Co., Series C, 5.25%

     17,395       $ 436,615   
     

 

 

 
   $ 436,615   
     

 

 

 

Pipelines — 0.3%

     

NuStar Logistics LP, 7.625% to 1/15/18(5)

     50,495       $ 1,024,114   
     

 

 

 
   $ 1,024,114   
     

 

 

 

Real Estate Investment Trusts (REITs) — 1.0%

     

Cedar Realty Trust, Inc., Series B, 7.25%

     33,600       $ 840,000   

DDR Corp., Series J, 6.50%

     65,000         1,654,900   

Vornado Realty Trust, Series K, 5.70%

     25,220         641,849   
     

 

 

 
   $ 3,136,749   
     

 

 

 

 

5

 

 


                                                 
Security    Shares      Value  

Thrifts & Mortgage Finance — 0.8%

     

Elmira Savings Bank, 8.998% to 12/31/17(5)

     825       $ 767,250   

EverBank Financial Corp., Series A, 6.75%

     69,734         1,723,127   
     

 

 

 
   $ 2,490,377   
     

 

 

 

Total Preferred Stocks
(identified cost $59,245,423)

      $ 62,261,180   
     

 

 

 

Corporate Bonds & Notes — 11.3%

     
Security    Principal
Amount
(000’s omitted)
     Value  

Banks — 5.8%

     

Banco do Brasil SA, 9.00% to 6/18/24, 6/29/49(4)(5)

   $ 950       $ 574,750   

Bank of America Corp., Series AA, 6.10% to 3/17/25, 12/29/49(5)

     2,270         2,310,746   

BNP Paribas SA, 7.375% to 8/19/25, 12/29/49(4)(5)

     2,192         2,153,640   

Caixa Economica Federal, 7.25% to 7/23/19, 7/23/24(4)(5)

     1,081         817,506   

Credit Agricole SA, 7.875% to 1/23/24, 1/29/49(4)(5)

     2,276         2,221,599   

Credit Suisse Group AG, 6.25% to 12/18/24, 12/29/49(4)(5)

     2,500         2,446,770   

Deutsche Bank AG, 7.50% to 4/30/25, 12/29/49(5)

     1,020         927,180   

JPMorgan Chase & Co., Series Z, 5.30% to 5/1/20, 12/29/49(5)

     894         888,413   

Lloyds Banking Group PLC, 7.50% to 6/27/24, 4/30/49(5)

     1,987         2,061,512   

Royal Bank of Scotland Group PLC, 8.00% to 8/10/25, 12/29/49(5)

     1,460         1,501,975   

Societe Generale SA, 8.25% to 11/29/18, 9/29/49(5)(7)

     2,152         2,248,638   
     

 

 

 
   $ 18,152,729   
     

 

 

 

Diversified Financial Services — 0.5%

     

Leucadia National Corp., 6.625%, 10/23/43

   $ 1,281       $ 1,032,066   

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67(4)(5)

     670         477,375   
     

 

 

 
   $ 1,509,441   
     

 

 

 

Diversified Telecommunication Services — 0.6%

  

Koninklijke KPN NV, 7.00% to 3/28/23, 3/28/73(4)(5)

   $ 2,040       $ 2,085,900   
     

 

 

 
   $ 2,085,900   
     

 

 

 

Electric Utilities — 1.8%

     

AES Panama SA, 6.00%, 6/25/22(4)

   $ 423       $ 423,000   

Enel SpA, 8.75% to 9/24/23, 9/24/73(4)(5)

     2,210         2,436,525   

PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17, 3/30/67(5)

     3,750         2,888,205   
     

 

 

 
   $ 5,747,730   
     

 

 

 

Energy Equipment & Services — 0.1%

     

Abengoa Finance S.A.U., 7.75%, 2/1/20(4)

   $ 1,338       $ 230,805   
     

 

 

 
   $ 230,805   
     

 

 

 

Insurance — 1.1%

     

Genworth Financial, Inc., 7.625%, 9/24/21

   $ 383       $ 264,270   

Genworth Financial, Inc., 7.70%, 6/15/20

     71         54,848   

QBE Capital Funding III, Ltd., 7.25% to 5/24/21, 5/24/41(4)(5)

     571         630,241   

XLIT, Ltd., Series, E, 6.50% to 4/15/17, 10/29/49(5)

     3,349         2,438,072   
     

 

 

 
   $ 3,387,431   
     

 

 

 

Metals & Mining — 0.6%

     

BHP Billiton Finance USA, Ltd., 6.75% to 10/19/25, 10/19/75(4)(5)

   $ 1,634       $ 1,540,045   

Freeport-McMoRan, Inc., 3.55%, 3/1/22

     601         259,932   
     

 

 

 
   $ 1,799,977   
     

 

 

 

 

6

 

 


                                                 
Security    Principal
Amount
(000’s omitted)
     Value  

Oil, Gas & Consumable Fuels — 0.1%

     

Odebrecht Oil & Gas Finance, Ltd., 7.00% to 6/17/24, 12/29/49(4)(5)

   $ 2,053       $ 390,070   
     

 

 

 
   $ 390,070   
     

 

 

 

Telecommunications — 0.7%

     

Colombia Telecomunicaciones SA ESP, 8.50% to 3/30/20, 12/29/49(4)(5)

   $ 2,538       $ 2,100,703   
     

 

 

 
   $ 2,100,703   
     

 

 

 

Total Corporate Bonds & Notes
(identified cost $40,627,490)

      $ 35,404,786   
     

 

 

 

Exchange-Traded Funds — 0.4%

     
Security    Shares      Value  

Equity Funds — 0.4%

     

iShares U.S. Preferred Stock ETF

     31,050       $ 1,194,494   
     

 

 

 

Total Exchange-Traded Funds
(identified cost $1,220,196)

      $ 1,194,494   
     

 

 

 

Short-Term Investments — 0.4%

     
Description    Interest
(000’s omitted)
     Value  

Eaton Vance Cash Reserves Fund, LLC, 0.40%(8)

   $ 1,169       $ 1,169,204   
     

 

 

 

Total Short-Term Investments
(identified cost $1,169,204)

      $ 1,169,204   
     

 

 

 

Total Investments — 136.4%
(identified cost $397,969,365)

      $ 428,764,410   
     

 

 

 

Other Assets, Less Liabilities — (36.4)%

      $ (114,314,216
     

 

 

 

Net Assets — 100.0%

      $ 314,450,194   
     

 

 

 

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

 

(1) Security has been segregated as collateral with the custodian for borrowings under the Committed Facility Agreement.

 

(2) Non-income producing security.

 

(3) Security was acquired in a private offering and may be resold on a designated offshore securities market pursuant to Regulation S under the Securities Act of 1933.

 

(4) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At January 31, 2016, the aggregate value of these securities is $33,293,543 or 10.6% of the Fund’s net assets.

 

(5) Security converts to floating rate after the indicated fixed-rate coupon period.

 

(6) Variable rate security. The stated interest rate represents the rate in effect at January 31, 2016.

 

7

 

 


(7) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At January 31, 2016, the aggregate value of these securities is $2,248,638 or 0.7% of the Fund’s net assets.

 

(8) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2016. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended January 31, 2016 was $3,028.

Country Concentration of Portfolio

 

                                                 
Country    Percentage of
Total Investments
    Value  

United States

     60.9   $     260,948,023   

United Kingdom

     11.0        47,257,870   

France

     5.0        21,395,982   

Japan

     4.2        18,140,436   

Switzerland

     3.3        13,972,491   

Netherlands

     3.0        13,045,299   

Ireland

     2.1        8,824,361   

Germany

     1.7        7,300,606   

Australia

     1.5        6,322,340   

Italy

     1.3        5,771,550   

Denmark

     1.0        4,409,301   

Belgium

     1.0        4,405,476   

Spain

     0.8        3,484,145   

Israel

     0.8        3,478,723   

China

     0.6        2,585,347   

Colombia

     0.5        2,100,703   

Chile

     0.5        1,921,937   

Brazil

     0.4        1,782,326   

Exchange-Traded Funds

     0.3        1,194,494   

Panama

     0.1        423,000   
  

 

 

   

 

 

 

Total Investments

     100.0   $ 428,764,410   
  

 

 

   

 

 

 

Abbreviations:

 

ADR

  -   American Depositary Receipt

PC

  -   Participation Certificate

The Fund did not have any open financial instruments at January 31, 2016.

The cost and unrealized appreciation (depreciation) of investments of the Fund at January 31, 2016, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

   $     398,000,164   
  

 

 

 

Gross unrealized appreciation

   $ 57,531,740   

Gross unrealized depreciation

     (26,767,494
  

 

 

 

Net unrealized appreciation

   $ 30,764,246   
  

 

 

 

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 fund’s own assumptions in determining the fair value of investments)

 

 

8

 

 


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.

At January 31, 2016, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:

 

Asset Description    Level 1      Level 2      Level 3      Total  

Common Stocks

           

Consumer Discretionary

   $ 32,356,567       $ 17,515,699       $       $ 49,872,266   

Consumer Staples

     18,285,826         19,697,205                 37,983,031   

Energy

     20,019,651         5,986,430                 26,006,081   

Financials

     32,956,032         27,706,247                 60,662,279   

Health Care

     26,450,690         16,973,862                 43,424,552   

Industrials

     26,217,161         9,541,432                 35,758,593   

Information Technology

     37,488,156         8,770,045                 46,258,201   

Materials

     8,158,824                         8,158,824   

Telecommunication Services

             9,961,046                 9,961,046   

Utilities

     8,097,875         2,551,998                 10,649,873   

Total Common Stocks

   $ 210,030,782       $ 118,703,964    $       $ 328,734,746   

Preferred Stocks

           

Consumer Staples

   $       $ 4,656,520       $       $ 4,656,520   

Energy

             1,024,114                 1,024,114   

Financials

     24,580,647         22,190,583                 46,771,230   

Industrials

             1,148,960                 1,148,960   

Utilities

     2,344,370         6,315,986                 8,660,356   

Total Preferred Stocks

   $ 26,925,017       $ 35,336,163       $       $ 62,261,180   

Corporate Bonds & Notes

   $       $ 35,404,786       $       $ 35,404,786   

Exchange-Traded Funds

     1,194,494                         1,194,494   

Short-Term Investments

             1,169,204                 1,169,204   

Total Investments

   $     238,150,293       $     190,614,117       $       $     428,764,410   

 

* 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.

The Fund held no investments or other financial instruments as of October 31, 2015 whose fair value was determined using Level 3 inputs. At January 31, 2016, the value of investments transferred between Level 1 and Level 2 during the fiscal year to date then ended was not significant.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

 

9

 

 


Item 2. Controls and Procedures

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

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


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-Advantaged Global Dividend Opportunities Fund

 

By:   /s/ Michael A. Allison
  Michael A. Allison
  President
Date:   March 28, 2016

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/ Michael A. Allison
  Michael A. Allison
  President
Date:   March 28, 2016
By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   March 28, 2016