N-Q 1 a05-14055_1nq.htm N-Q

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number

 

811-21519

Eaton Vance Tax Advantaged
Global Dividend Opportunities Fund

(Exact Name of Registrant as Specified in Charter)

The Eaton Vance Building,
255 State Street, Boston, Massachusetts

 

02109

(Address of Principal Executive Offices)

 

(Zip code)

Alan R. Dynner, Esq.
Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109

(Name and Address of Agent for Services)

(Registrant’s Telephone Number, Including Area Code)

 

(617) 482-8260

Date of Fiscal Year End

 

March 31

Date of Reporting Period

 

June 30, 2005

 

 




Item 1. Schedule of Investments




Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund                                          as of June 30, 2005

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 114.1%

Security

 

Shares

 

Value

 

Banking — 10.9%

 

 

 

 

 

Bank of America Corp.

 

150,000

 

$        6,841,500

 

Bank of Nova Scotia (1)

 

250,000

 

8,312,500

 

BNP Paribas SA (1)

 

75,000

 

5,124,590

 

HBOS PLC (1)

 

500,000

 

7,690,536

 

National City Corp.

 

200,000

 

6,824,000

 

Societe Generale (1)

 

25,000

 

2,536,128

 

UniCredito Italiano SPA (1)

 

200,000

 

1,054,884

 

 

 

 

 

$      38,384,138

 

Chemicals — 2.7%

 

 

 

 

 

Lyondell Chemical Co.

 

275,000

 

7,265,500

 

Rohm and Haas Co.

 

50,000

 

2,317,000

 

 

 

 

 

$        9,582,500

 

Coal — 4.4%

 

 

 

 

 

Fording Canadian Coal Trust (1)

 

140,000

 

12,908,000

 

Peabody Energy Corp.

 

50,000

 

2,602,000

 

 

 

 

 

$      15,510,000

 

Commercial Services — 1.7%

 

 

 

 

 

Donnelley (R.R.) & Sons Co.

 

175,000

 

6,039,250

 

 

 

 

 

$        6,039,250

 

Computers & Peripherals — 1.1%

 

 

 

 

 

International Business Machines Corp.

 

50,000

 

3,710,000

 

 

 

 

 

$        3,710,000

 

Diversified Manufacturing — 1.2%

 

 

 

 

 

Tyco International, Ltd. (1)

 

150,000

 

4,380,000

 

 

 

 

 

$        4,380,000

 

Diversified Minerals — 3.8%

 

 

 

 

 

BHP Billiton Ltd. ADR (1)

 

250,000

 

6,825,000

 

Freeport-McMoran Copper & Gold, Inc., Class B

 

170,000

 

6,364,800

 

 

 

 

 

$      13,189,800

 

Diversified Telecommunication Services — 10.9%

 

 

 

 

 

BCE, Inc. (1)

 

300,000

 

7,104,000

 

BT Group PLC (1)

 

1,500,000

 

6,179,952

 

Commonwealth Telephone Enterprises, Inc.

 

100,000

 

4,191,000

 

Sprint Corp.

 

400,000

 

10,036,000

 

Telecom Corporation of New Zealand, Ltd.

 

750,000

 

3,137,571

 

Telstra Corp. Ltd. (1)

 

2,000,000

 

7,703,067

 

 

 

 

 

$      38,351,590

 

 

1




 

 

 

Drugs — 3.9%

 

 

 

 

 

GlaxoSmithKline PLC ADR

 

200,000

 

$        9,702,000

 

Pfizer, Inc.

 

150,000

 

4,137,000

 

 

 

 

 

$      13,839,000

 

Machinery — 1.4%

 

 

 

 

 

Caterpillar, Inc.

 

50,000

 

4,765,500

 

 

 

 

 

$        4,765,500

 

Metals - Industrial — 4.1%

 

 

 

 

 

Anglo American PLC ADR

 

125,000

 

2,937,500

 

Phelps Dodge Corp.

 

25,000

 

2,312,500

 

Rio Tinto PLC ADR

 

40,000

 

4,876,800

 

Southern Peru Copper Corp. (1)

 

100,000

 

4,284,000

 

 

 

 

 

$      14,410,800

 

Oil and Gas — 12.1%

 

 

 

 

 

BP PLC ADR

 

175,000

 

10,916,500

 

ChevronTexaco Corp.

 

200,000

 

11,184,000

 

Statoil ASA (1)

 

425,000

 

8,648,590

 

Total SA ADR (1)

 

100,000

 

11,685,000

 

 

 

 

 

$      42,434,090

 

Oil and Gas - Equipment and Services — 4.3%

 

 

 

 

 

Halliburton Co.

 

150,000

 

7,173,000

 

Valero Energy Corp.

 

100,000

 

7,911,000

 

 

 

 

 

$      15,084,000

 

Oil and Gas - Exploration and Production — 11.7%

 

 

 

 

 

EnCana Corp. (1)

 

50,000

 

1,979,500

 

ENI SPA (1)

 

250,000

 

6,426,312

 

Kerr-McGee Corp.

 

112,808

 

8,608,379

 

Occidental Petroleum Corp.

 

150,000

 

11,539,500

 

Suncor Energy, Inc. (1)

 

265,000

 

12,539,800

 

 

 

 

 

$      41,093,491

 

Oil and Gas - Transportation and Distribution — 3.2%

 

 

 

 

 

Enbridge, Inc. (1)

 

400,000

 

11,400,000

 

 

 

 

 

$      11,400,000

 

Paper Products — 2.3%

 

 

 

 

 

Kimberly-Clark de Mexico SA de CV (1)

 

1,000,000

 

3,421,951

 

Weyerhaeuser Co.

 

75,000

 

4,773,750

 

 

 

 

 

$        8,195,701

 

Publishing — 0.7%

 

 

 

 

 

Arnoldo Mondadori Editore SPA (1)

 

250,000

 

2,378,024

 

 

 

 

 

$        2,378,024

 

 

2




 

 

 

REITS — 8.0%

 

 

 

 

 

AvalonBay Communities, Inc.

 

25,000

 

$        2,020,000

 

Boston Properties, Inc.

 

50,000

 

3,500,000

 

Developers Diversified Realty Corp.

 

50,000

 

2,298,000

 

Federal Realty Investment Trust

 

50,000

 

2,950,000

 

Plum Creek Timber Co., Inc.

 

175,000

 

6,352,500

 

Public Storage, Inc.

 

81,400

 

5,148,550

 

Rayonier, Inc.

 

75,000

 

3,977,250

 

Simon Property Group, Inc.

 

25,000

 

1,812,250

 

 

 

 

 

$      28,058,550

 

Retail - General — 1.4%

 

 

 

 

 

May Department Stores Co.

 

125,000

 

5,020,000

 

 

 

 

 

$        5,020,000

 

Telephone Utilities — 1.1%

 

 

 

 

 

Telefonos de Mexico SA ADR

 

200,000

 

3,778,000

 

 

 

 

 

$        3,778,000

 

Tobacco Company — 2.8%

 

 

 

 

 

Altria Group, Inc.

 

150,000

 

9,699,000

 

 

 

 

 

$        9,699,000

 

Utilities - Electric — 6.4%

 

 

 

 

 

Edison International

 

100,000

 

4,055,000

 

Enel SPA (1)

 

821,700

 

7,173,701

 

Scottish Power PLC (1)

 

1,250,000

 

11,096,032

 

 

 

 

 

$      22,324,733

 

Utilities - Electrical and Gas — 10.3%

 

 

 

 

 

Dominion Resources, Inc.

 

150,000

 

11,008,500

 

Duke Energy Corp.

 

50,000

 

1,486,500

 

Entergy Corp.

 

125,000

 

9,443,750

 

Exelon Corp.

 

200,000

 

10,266,000

 

National Grid Transco PLC (1)

 

400,000

 

3,867,656

 

 

 

 

 

$      36,072,406

 

Utilities - Water — 3.7%

 

 

 

 

 

Severn Trent PLC (1)

 

300,000

 

5,455,835

 

Veolia Environment (1)

 

200,000

 

7,489,557

 

 

 

 

 

$      12,945,392

 

Total Common Stocks
(identified cost $326,123,274)

 

 

 

$   400,645,965

 

Preferred Stocks — 24.2%

 

 

 

 

 

 

3




 

 

 

Banking — 14.4%

 

 

 

 

 

Abbey National PLC, 7.375% (1)

 

120,500

 

$        3,171,560

 

ABN AMRO North America Capital Funding Trust, 6.968% (1)(2)(3)

 

950

 

1,041,734

 

Banco Santander, 6.41% (1)

 

140,000

 

3,535,000

 

Barclays Bank PLC, 8.55% (1)(2)(3)(4)

 

55,000

 

6,644,115

 

BNP Paribas Capital Trust, 9.003% (1)(2)(3)(4)

 

35,000

 

4,400,683

 

CA Preferred Fund Trust, 7.00% (1)(4)

 

55,000

 

5,834,725

 

Den Norske Bank, 7.729% (1)(2)(3)(4)

 

36,000

 

4,359,366

 

First Republic Bank, 6.70%

 

30,000

 

769,500

 

HSBC Capital Funding LP, 9.547% (1)(2)(3)(4)

 

40,000

 

5,069,788

 

Lloyds TSB Bank PLC, 6.90% (1)(4)

 

40,000

 

4,210,688

 

Royal Bank of Scotland Group PLC, 9.118% (1)(4)

 

50,000

 

6,073,920

 

UBS Preferred Funding Trust I, 8.622% (1)(2)(4)

 

43,700

 

5,290,331

 

 

 

 

 

$      50,401,410

 

Foods — 1.3%

 

 

 

 

 

Dairy Farmers of America, 7.875% (3)

 

45,000

 

4,635,900

 

 

 

 

 

$        4,635,900

 

Insurance — 8.2%

 

 

 

 

 

Ace Ltd., 7.80% (1)

 

40,000

 

1,072,000

 

Aegon NV, 6.375% (1)

 

80,000

 

2,021,600

 

AXA, 7.10% (1)(4)

 

45,000

 

4,754,556

 

ING Capital Funding Trust III, 8.439% (1)(2)(4)

 

37,500

 

4,599,540

 

ING Group NV, 7.20% (1)

 

80,000

 

2,108,000

 

MetLife, Inc., 4.39% (2)

 

120,000

 

2,971,200

 

PartnerRe Ltd., 6.50% (1)

 

120,000

 

2,997,600

 

Prudential PLC, 6.50% (1)(4)

 

20,000

 

2,020,628

 

RenaissanceRe Holdings Ltd., 6.08% (1)

 

148,000

 

3,559,400

 

XL Capital Ltd., 7.625% (1)

 

12,000

 

314,880

 

Zurich Regcaps Fund Trust V (1)(2)(3)

 

2,500

 

2,457,031

 

 

 

 

 

$      28,876,435

 

Utilities-Gas — 0.3%

 

 

 

 

 

Southern Union Co., 7.55%

 

40,000

 

1,064,000

 

 

 

 

 

$        1,064,000

 

Total Preferred Stocks
(identified cost $84,177,586)

 

 

 

$      84,977,745

 

Total Investments — 138.3%
(identified cost $410,300,860)

 

 

 

$   485,623,710

 

Other Assets, Less Liabilities — 3.0%

 

 

 

$      10,606,826

 

Auction Preferred Shares Plus
Cumulative Unpaid Dividends — (41.3)%

 

 

 

$  (145,047,832

)

Net Assets — 100.0%

 

 

 

$   351,182,704

 

 

4




 

 

 

ADR

American Depository Receipt

REIT

Real Estate Investment Trust

(1)

 

Foreign security.

(2)

 

Variable rate security. The stated interest rate represents the rate in effect at June 30, 2005.

(3)

 

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2005, the aggregate value of the securities is $28,608,617 or 8.1% of the Fund’s net assets applicable to common shares.

(4)

 

Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.

 

The Fund did not have any open financial instruments at June 30, 2005.

The cost and unrealized appreciation (depreciation) of investments of the Fund at June 30, 2005, as computed on a federal income tax basis, were as follows:

Aggregate cost

 

$      410,300,860

 

Gross unrealized appreciation

 

$        78,090,027

 

Gross unrealized depreciation

 

(2,767,177

)

Net unrealized appreciation

 

$        75,322,850

 

 

Country Concentration of Portfolio

 

 

Percentage

 

 

 

Country

 

of Total Investments

 

Value

 

United States

 

43.36

%

$      210,572,344

 

United Kingdom

 

18.52

%

89,913,511

 

Canada

 

11.17

%

54,243,800

 

France

 

8.61

%

41,825,238

 

Italy

 

3.51

%

17,032,921

 

Australia

 

2.99

%

14,528,067

 

Norway

 

2.68

%

13,007,956

 

Bermuda

 

2.47

%

12,009,000

 

Mexico

 

2.36

%

11,483,951

 

Netherlands

 

1.80

%

8,729,140

 

Switzerland

 

1.09

%

5,290,331

 

Spain

 

0.73

%

3,535,000

 

New Zealand

 

0.65

%

3,137,571

 

Cayman Islands

 

0.06

%

314,880

 

 

 

100.00

%

485,623,710

 

 

5




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/ Duncan W. Richardson

 

 

Duncan W. Richardson

 

 

President and Principal Executive Officer

Date:

 

August 29, 2005

 

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 and Principal Executive Officer

Date:

 

August 29, 2005

By:

 

/s/ James L. O’Connor

 

 

James L. O’Connor

 

 

Treasurer and Principal Financial Officer

Date:

 

August 29, 2005