Global Growth Portfolio

0000950123-09-026943.txt : 20090729 0000950123-09-026943.hdr.sgml : 20090729 20090729155644 ACCESSION NUMBER: 0000950123-09-026943 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090531 FILED AS OF DATE: 20090729 DATE AS OF CHANGE: 20090729 EFFECTIVENESS DATE: 20090729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL GROWTH PORTFOLIO CENTRAL INDEX KEY: 0000946464 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07303 FILM NUMBER: 09970244 BUSINESS ADDRESS: STREET 1: THE EATON VANCE BUILDING STREET 2: 255 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174828260 MAIL ADDRESS: STREET 1: THE EATON VANCE BUILDING STREET 2: 255 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: INFORMATION AGE PORTFOLIO DATE OF NAME CHANGE: 19950608

0000946464 S000005231 GLOBAL GROWTH PORTFOLIO

C000014256 GLOBAL GROWTH PORTFOLIO

N-Q 1 b76289a1nvq.htm GLOBAL GROWTH PORTFOLIO Global Growth Portfolio

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-07303

Investment Company Act File Number

Global Growth Portfolio

(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)

August 31

Date of Fiscal Year End

May 31, 2009

Date of Reporting Period

TABLE OF CONTENTS


	Item 1. Schedule of Investments
	Item 2. Controls and Procedures
Signatures
EX-99.CERT Section 302 Certification

Item 1. Schedule of Investments


Global Growth Portfolio	as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 94.9%


Security	Shares		Value
Auto Components — 0.5%
Goodyear Tire & Rubber Co. (The)⁽¹⁾⁽²⁾		23,800	$	272,510

			$	272,510

Automobiles — 2.6%
Harley-Davidson, Inc.⁽²⁾		30,400	$	515,888
Honda Motor Co., Ltd.		14,000		406,192
Toyota Motor Corp.		11,300		450,595

			$	1,372,675

Beverages — 3.3%
Central European Distribution Corp.⁽¹⁾⁽²⁾		7,000	$	176,190
Diageo PLC ADR		11,300		616,528
Fomento Economico Mexicano SA de C.V. ADR⁽²⁾		20,000		653,800
Foster’s Group, Ltd.		61,800		244,026

			$	1,690,544

Biotechnology — 0.2%
Biogen Idec, Inc.⁽¹⁾⁽²⁾		1,704	$	88,250

			$	88,250

Building Products — 1.1%
Owens Corning⁽¹⁾⁽²⁾		27,100	$	377,503
USG Corp.⁽¹⁾⁽²⁾		5,200		62,400
Wienerberger AG⁽¹⁾		9,400		133,388

			$	573,291

Capital Markets — 0.6%
Aberdeen Asset Management PLC		18,275	$	38,519
Affiliated Managers Group, Inc.⁽¹⁾		5,179		290,594

			$	329,113

Chemicals — 1.8%
Agrium, Inc.		8,000	$	393,760
Celanese Corp.⁽²⁾		16,000		328,160
CF Industries Holdings, Inc.		2,500		194,100

			$	916,020

Commercial Banks — 7.0%
Banco Santander Central Hispano SA ADR⁽²⁾		71,000	$	762,540
Barclays PLC		53,000		257,526
BOC Hong Kong Holdings Ltd.		156,000		247,382
Boston Private Financial Holdings, Inc.⁽²⁾		2,786		13,874
DBS Group Holdings, Ltd.		68,000		558,440
Intesa Sanpaolo ADR⁽¹⁾		67,000		239,490
KBC Groep N.V.⁽¹⁾		5,500		114,384
Mitsubishi UFJ Financial Group, Inc.		88,000		558,399


Security	Shares		Value
SVB Financial Group⁽¹⁾		2,963	$	79,853
Wells Fargo & Co.⁽²⁾		31,000		790,500

			$	3,622,388

Commercial Services & Supplies — 1.0%
Copart, Inc.⁽¹⁾⁽²⁾		7,300	$	224,037
RR Donnelley & Sons Co.		22,000		296,560

			$	520,597

Communications Equipment — 2.8%
Brocade Communications Systems, Inc.⁽¹⁾⁽²⁾		91,800	$	673,812
Nokia Oyj ADR⁽²⁾		13,000		198,900
Research In Motion, Ltd.⁽¹⁾⁽²⁾		2,826		222,237
Riverbed Technology, Inc.⁽¹⁾⁽²⁾		17,500		351,575

			$	1,446,524

Computers & Peripherals — 0.7%
Apple, Inc.⁽¹⁾		2,600	$	353,106

			$	353,106

Construction & Engineering — 1.1%
Granite Construction, Inc.⁽²⁾		10,200	$	372,810
Perini Corp.⁽¹⁾⁽²⁾		737		15,219
Vinci SA		4,000		193,437

			$	581,466

Consumer Finance — 2.1%
Discover Financial Services		60,000	$	573,600
Promise Co., Ltd.⁽²⁾		15,900		212,485
SLM Corp.⁽¹⁾⁽²⁾		48,745		322,204

			$	1,108,289

Diversified Consumer Services — 0.7%
Corinthian Colleges, Inc.⁽¹⁾⁽²⁾		22,200	$	341,436

			$	341,436

Diversified Financial Services — 1.0%
JPMorgan Chase & Co.		13,600	$	501,840

			$	501,840

Diversified Telecommunication Services — 3.2%
France Telecom SA ADR		26,700	$	623,178
Koninklijke KPN N.V.		25,800		339,487
Telefonica SA		32,000		693,196

			$	1,655,861

Electric Utilities — 1.2%
E.ON AG ADR		10,400	$	368,992
Scottish and Southern Energy PLC		14,000		265,030

			$	634,022


Security	Shares		Value
Electrical Equipment — 2.5%
ABB, Ltd. ADR⁽²⁾		20,800	$	342,368
Energy Conversion Devices, Inc.⁽¹⁾⁽²⁾		4,800		82,608
First Solar, Inc.⁽¹⁾⁽²⁾		1,700		323,000
GrafTech International, Ltd.⁽¹⁾		54,000		549,180

			$	1,297,156

Electronic Equipment, Instruments & Components — 0.7%
FUJIFILM Holdings Corp.		11,000	$	318,173
Itron, Inc.⁽¹⁾⁽²⁾		700		40,838

			$	359,011

Energy Equipment & Services — 2.6%
Complete Production Services, Inc.⁽¹⁾		40,000	$	283,200
Nabors Industries, Ltd.⁽¹⁾⁽²⁾		10,600		189,528
Patterson-UTI Energy, Inc.⁽²⁾		13,000		186,420
Pride International, Inc.⁽¹⁾		17,418		421,864
Transocean, Ltd.⁽¹⁾⁽²⁾		3,600		286,128

			$	1,367,140

Food Products — 2.7%
Nestle SA		27,000	$	983,147
Unilever PLC		17,000		401,206

			$	1,384,353

Health Care Equipment & Supplies — 0.3%
Masimo Corp.⁽¹⁾⁽²⁾		6,000	$	143,640

			$	143,640

Health Care Providers & Services — 0.5%
Express Scripts, Inc.⁽¹⁾		2,700	$	172,935
Health Management Associates, Inc.⁽¹⁾⁽²⁾		18,000		104,580

			$	277,515

Hotels, Restaurants & Leisure — 1.2%
Scientific Games Corp., Class A⁽¹⁾		34,000	$	606,220

			$	606,220

Household Durables — 2.4%
Desarrolladora Homex SA de C.V. ADR⁽¹⁾⁽²⁾		18,500	$	498,575
LG Electronics, Inc.		1,400		134,966
Mohawk Industries, Inc.⁽¹⁾⁽²⁾		3,300		126,291
Tempur-Pedic International, Inc.		24,000		264,720
Whirlpool Corp.⁽²⁾		5,600		235,984

			$	1,260,536

Industrial Conglomerates — 0.9%
Keppel Corp., Ltd.		91,200	$	458,780

			$	458,780


Security	Shares		Value
Insurance — 6.0%
Aegon N.V.		63,800	$	399,958
Allied World Assurance Holdings, Ltd.		12,800		483,200
AXA SA ADR⁽²⁾		23,700		446,745
Fairfax Financial Holdings, Ltd.		600		156,000
Fidelity National Financial, Inc., Class A		17,000		236,980
MetLife, Inc.		8,750		275,625
Muenchener Rueckversicherungs-Gesellschaft AG		2,500		353,081
Tokio Marine Holdings, Inc.⁽²⁾		18,200		534,198
Zurich Financial Services AG		1,300		243,298

			$	3,129,085

Internet & Catalog Retail — 0.3%
NetFlix, Inc.⁽¹⁾⁽²⁾		4,100	$	161,622

			$	161,622

Internet Software & Services — 0.8%
Akamai Technologies, Inc.⁽¹⁾		13,700	$	304,962
MercadoLibre, Inc.⁽¹⁾⁽²⁾		5,500		119,020

			$	423,982

IT Services — 0.5%
Euronet Worldwide, Inc.⁽¹⁾		13,000	$	207,480
Wright Express Corp.⁽¹⁾		2,000		49,740

			$	257,220

Media — 1.8%
Arbitron, Inc.		6,055	$	120,555
Central European Media Enterprises, Ltd.⁽¹⁾⁽²⁾		8,200		153,504
Liberty Entertainment, Series A⁽¹⁾		27,500		664,400

			$	938,459

Metals & Mining — 2.6%
Anglo American PLC ADR⁽²⁾		19,110	$	274,228
Gammon Gold, Inc.⁽¹⁾⁽²⁾		59,000		486,160
Sterlite Industries India, Ltd. ADR⁽²⁾		23,300		306,861
Vale SA ADR		18,100		293,763

			$	1,361,012

Multi-Utilities — 2.3%
National Grid PLC		69,800	$	676,811
RWE AG		6,200		516,212

			$	1,193,023

Multiline Retail — 0.5%
Big Lots, Inc.⁽¹⁾		11,700	$	269,217

			$	269,217

Office Electronics — 0.2%
Neopost SA		1,500	$	125,026

			$	125,026


Security	Shares		Value
Oil, Gas & Consumable Fuels — 10.5%
Brigham Exploration Co.⁽¹⁾⁽²⁾		78,638	$	265,796
Chesapeake Energy Corp.⁽²⁾		13,000		294,580
Enbridge Energy Management, LLC⁽¹⁾		2,656		101,726
Enbridge Energy Partners, LP⁽²⁾		4,800		193,680
Goodrich Petroleum Corp.⁽¹⁾⁽²⁾		5,243		140,093
Hess Corp.		2,400		159,816
LUKOIL ADR⁽²⁾		4,600		243,800
Newfield Exploration Co.⁽¹⁾⁽²⁾		9,000		325,080
Paladin Energy, Ltd.⁽¹⁾		165,000		675,567
Petrohawk Energy Corp.⁽¹⁾		17,450		439,740
Petroleo Brasileiro SA ADR⁽²⁾		22,300		779,831
Plains Exploration & Production Co.⁽¹⁾		6,000		169,680
StatoilHydro ASA ADR		13,495		283,665
Total SA ADR⁽²⁾		17,000		980,050
Walter Industries, Inc.		11,500		375,360

			$	5,428,464

Pharmaceuticals — 5.4%
AstraZeneca PLC ADR⁽²⁾		10,500	$	438,060
GlaxoSmithKline PLC ADR⁽²⁾		10,700		360,697
Novartis AG ADR⁽²⁾		17,900		716,358
Perrigo Co.		4,000		107,440
Roche Holding AG		2,900		397,081
Sanofi-Aventis SA		9,000		574,417
Shionogi & Co., Ltd.		11,000		216,790

			$	2,810,843

Professional Services — 0.5%
Equifax, Inc.⁽²⁾		8,800	$	239,536

			$	239,536

Real Estate Investment Trusts (REITs) — 1.1%
Chimera Investment Corp.⁽²⁾		32,700	$	114,123
Host Hotels & Resorts, Inc.⁽²⁾		47,000		440,860

			$	554,983

Road & Rail — 0.8%
All America Latina Logistica		20,000	$	117,097
East Japan Railway Co.		3,000		179,114
Kansas City Southern⁽¹⁾⁽²⁾		8,500		140,165

			$	436,376

Semiconductors & Semiconductor Equipment — 2.9%
Atheros Communications, Inc.⁽¹⁾⁽²⁾		19,900	$	333,524
MEMC Electronic Materials, Inc.⁽¹⁾		16,300		314,427
ON Semiconductor Corp.⁽¹⁾⁽²⁾		57,500		393,875
Tessera Technologies, Inc.⁽¹⁾		18,720		440,482

			$	1,482,308


Security	Shares		Value
Software — 2.5%
Ariba, Inc.⁽¹⁾⁽²⁾		13,688	$	129,625
Check Point Software Technologies, Ltd.⁽¹⁾⁽²⁾		5,600		130,760
Concur Technologies, Inc.⁽¹⁾⁽²⁾		10,300		303,850
Nintendo Co., Ltd.		2,500		674,649
Rosetta Stone, Inc.⁽¹⁾⁽²⁾		2,964		71,462

			$	1,310,346

Specialty Retail — 2.5%
Advance Auto Parts, Inc.		12,388	$	527,605
Best Buy Co., Inc.⁽²⁾		14,100		494,910
Childrens Place Retail Stores, Inc. (The)⁽¹⁾⁽²⁾		2,400		86,184
Gap, Inc. (The)⁽²⁾		8,000		142,800
Hibbett Sports, Inc.⁽¹⁾⁽²⁾		1,415		25,512

			$	1,277,011

Textiles, Apparel & Luxury Goods — 2.7%
Gildan Activewear, Inc.⁽¹⁾		51,900	$	853,755
Hanesbrands, Inc.⁽¹⁾⁽²⁾		32,300		545,870

			$	1,399,625

Tobacco — 1.8%
British American Tobacco PLC		29,300	$	803,099
Japan Tobacco, Inc.		40		115,313

			$	918,412

Trading Companies & Distributors — 1.5%
Mitsui & Co., Ltd.⁽²⁾		50,000	$	641,109
WESCO International, Inc.⁽¹⁾⁽²⁾		6,000		160,380

			$	801,489

Wireless Telecommunication Services — 3.0%
Crown Castle International Corp.⁽¹⁾		29,000	$	703,540
MTN Group, Ltd.		13,000		189,439
Turkcell Iletisim Hizmetleri AS ADR⁽²⁾		37,000		492,470
Vodafone Group PLC ADR⁽²⁾		8,700		163,734

			$	1,549,183


Total Common Stocks (identified cost $46,298,769)			$	49,229,505

Short-Term Investments — 31.3%


	Interest
Description	(000’s Omitted)		Value
Cash Management Portfolio, 0.03%⁽³⁾	$	1,569	$	1,569,227
Eaton Vance Cash Collateral Fund, LLC, 0.38%⁽³⁾⁽⁴⁾		14,659		14,659,426


Total Short-Term Investments (identified cost $16,193,191)			$	16,228,653


Total Investments — 126.2% (identified cost $62,491,960)			$	65,458,158


Other Assets, Less Liabilities — (26.2)%			$	(13,604,314	)


Net Assets — 100.0%			$	51,853,844


ADR	-	American Depositary Receipt

(1)		Non-income producing security.
(2)		All or a portion of this security was on loan at May 31, 2009.
(3)		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 May 31, 2009. At May 31, 2009, Eaton Vance Cash Collateral Fund, LLC valued its investments based on amortized cost. For the fiscal year to date ended May 31, 2009, the total of securities lending income earned (excluding loan rebate fees) and interest income allocated from the investment in Eaton Vance Cash Collateral Fund, LLC was $136,753, and net income allocated from the investment in Cash Management Portfolio was $12,423.
(4)		The amount invested in Eaton Vance Cash Collateral Fund, LLC represents cash collateral received for securities on loan at May 31, 2009. At May 31, 2009, the Portfolio loaned securities having a market value of $14,521,373 and received $14,659,426 of cash collateral for the loans. Other Assets, Less Liabilities includes an equal and offsetting liability of $14,659,426 to repay collateral amounts upon the return of loaned securities.

Country Concentration of Portfolio


	Percentage
Country	of Net Assets			Value
United States		60.3	%	$	31,257,266
Japan		8.3			4,307,017
Canada		5.4			2,787,479
United Kingdom		4.7			2,442,191
Switzerland		3.7			1,909,654
Singapore		2.0			1,017,220
France		1.7			892,880
Germany		1.7			869,293
Netherlands		1.4			739,445
Spain		1.3			693,196
Bermuda		1.3			672,728
Hong Kong		0.5			247,382
Australia		0.5			244,026
South Africa		0.4			189,439
Poland		0.3			176,190
Czech Republic		0.3			153,504
South Korea		0.3			134,966
Austria		0.2			133,388
Israel		0.2			130,760
Brazil		0.2			117,097
Belgium		0.2			114,384

Long-Term Investments		94.9	%	$	49,229,505
Short-Term Investments					16,228,653

Total Investments				$	65,458,158

The Portfolio did not have any open financial instruments at May 31, 2009.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2009, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	62,743,583

Gross unrealized appreciation	$	7,605,807
Gross unrealized depreciation		(4,891,232	)

Net unrealized appreciation	$	2,714,575

The Portfolio adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157 (FAS 157), “Fair Value Measurements”, effective September 1, 2008. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, 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)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At May 31, 2009, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


		Investments in
	Valuation Inputs	Securities
Level 1	Quoted Prices	$	53,210,134
Level 2	Other Significant Observable Inputs		12,248,024
Level 3	Significant Unobservable Inputs		—

Total		$	65,458,158

The Portfolio held no investments or other financial instruments as of August 31, 2008 whose fair value was determined using Level 3 inputs.

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

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.

Global Growth Portfolio


By:		/s/ Duncan W. Richardson

		Duncan W. Richardson
		President

Date:		July 24, 2009

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:		July 24, 2009


By:		/s/ Barbara E. Campbell

		Barbara E. Campbell
		Treasurer

Date:		July 24, 2009

EX-99.CERT 2 b76289a1exv99wcert.htm EX-99.CERT SECTION 302 CERTIFICATION EX-99.CERT Section 302 Certification

Global Growth Portfolio

Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003

I, Duncan W. Richardson, certify that:

1. I have reviewed this report on Form N-Q of Global Growth Portfolio;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is being filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


By:		/s/ Duncan W. Richardson

		Duncan W. Richardson
		President

Date:		July 24, 2009

Global Growth Portfolio

Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003

I, Barbara E. Campbell, certify that:

1. I have reviewed this report on Form N-Q of Global Growth Portfolio;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


By:		/s/ Barbara E. Campbell

		Barbara E. Campbell
		Treasurer

Date:		July 24, 2009

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