Eaton Vance Tax-Managed Global Buy-Write Opportuni
Table of Contents

 
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
811-21745
Investment Company Act File Number
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
(Exact Name of Registrant as Specified in Charter)
Two International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrant’s Telephone Number, Including Area Code)
December 31
Date of Fiscal Year End
March 31, 2010
Date of Reporting Period
 
 

 

TABLE OF CONTENTS

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

Table of Contents

Item 1. Schedule of Investments

 

Table of Contents

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund as of March 31, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 100.5%
 
                 
Security   Shares     Value  
Aerospace & Defense — 1.3%
European Aeronautic Defence & Space Co. 
    56,122     $ 1,127,409  
General Dynamics Corp. 
    43,377       3,348,704  
Honeywell International, Inc. 
    99,327       4,496,533  
Raytheon Co. 
    87,133       4,977,037  
Rockwell Collins, Inc. 
    25,533       1,598,111  
Rolls-Royce Group PLC(1)
    283,550       2,567,211  
                 
            $ 18,115,005  
                 
Air Freight & Logistics — 0.6%
CH Robinson Worldwide, Inc. 
    69,963     $ 3,907,434  
Deutsche Post AG
    82,457       1,428,130  
Expeditors International of Washington, Inc. 
    94,273       3,480,559  
                 
            $ 8,816,123  
                 
Airlines — 0.1%
British Airways PLC(1)
    313,103     $ 1,157,919  
                 
            $ 1,157,919  
                 
Auto Components — 0.6%
Aisin Seiki Co., Ltd. 
    10,200     $ 306,286  
Compagnie Generale des Etablissements Michelin
    26,277       1,935,270  
Cooper Tire & Rubber Co. 
    30,158       573,605  
Denso Corp. 
    71,300       2,127,901  
Johnson Controls, Inc. 
    90,328       2,979,921  
Toyota Boshoku Corp. 
    11,900       228,770  
Toyota Industries Corp. 
    8,600       246,152  
                 
            $ 8,397,905  
                 
Automobiles — 1.1%
Daimler AG
    132,059     $ 6,206,872  
Ford Motor Co.(1)
    58,705       737,922  
Honda Motor Co., Ltd. 
    108,000       3,806,858  
Isuzu Motors, Ltd.(1)
    129,000       349,706  
Mazda Motor Corp. 
    227,000       640,262  
Suzuki Motor Corp. 
    52,800       1,165,824  
Toyota Motor Corp. 
    50,407       2,026,832  
Yamaha Motor Co., Ltd.(1)
    65,900       989,997  
                 
            $ 15,924,273  
                 
Beverages — 1.3%
Anheuser-Busch InBev NV
    40,624     $ 2,043,292  
Coca-Cola Co. (The)
    90,906       4,999,830  
Coca-Cola West Co., Ltd. 
    26,200       428,279  
Constellation Brands, Inc., Class A(1)
    34,264       563,300  
Heineken Holding NV
    24,773       1,102,177  
Heineken NV
    30,199       1,550,961  
Kirin Holdings Co., Ltd. 
    63,000       930,162  
PepsiCo, Inc. 
    78,946       5,223,067  
Pernod-Ricard SA
    11,862       1,006,491  
Sapporo Holdings, Ltd. 
    128,000       669,060  
                 
            $ 18,516,619  
                 
Biotechnology — 2.4%
Amgen, Inc.(1)
    187,364     $ 11,196,873  
Biogen Idec, Inc.(1)
    78,265       4,489,280  
Celgene Corp.(1)
    168,251       10,424,832  
Gilead Sciences, Inc.(1)
    142,409       6,476,761  
 
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Security   Shares     Value  
Martek Biosciences Corp.(1)
    49,531     $ 1,114,943  
Regeneron Pharmaceuticals, Inc.(1)
    23,758       629,350  
                 
            $ 34,332,039  
                 
Building Products — 0.4%
Asahi Glass Co., Ltd. 
    128,776     $ 1,452,493  
Daikin Industries, Ltd. 
    67,600       2,770,339  
Geberit AG
    5,875       1,051,099  
Masco Corp. 
    59,062       916,642  
                 
            $ 6,190,573  
                 
Capital Markets — 1.9%
Artio Global Investors, Inc. 
    28,136     $ 696,085  
Bank of New York Mellon Corp. (The)
    54,215       1,674,159  
Charles Schwab Corp. (The)
    81,426       1,521,852  
Deutsche Bank AG
    55,621       4,269,661  
Duff & Phelps Corp., Class A
    35,706       597,719  
Franklin Resources, Inc. 
    29,167       3,234,620  
GAM Holding Ltd. 
    91,722       1,124,790  
Goldman Sachs Group, Inc. 
    20,456       3,490,407  
ICAP PLC
    178,286       1,010,647  
Julius Baer Group, Ltd. 
    76,144       2,756,027  
Man Group PLC
    355,866       1,302,679  
Matsui Securities Co., Ltd. 
    66,800       478,400  
Mediobanca SpA(1)
    87,467       939,872  
Nomura Holdings, Inc. 
    117,900       865,109  
SBI Holdings, Inc. 
    1,457       288,081  
Schroders PLC
    138,412       2,956,756  
Mizuho Securities Co., Ltd. 
    154,000       487,632  
                 
            $ 27,694,496  
                 
Chemicals — 1.8%
Air Products and Chemicals, Inc. 
    16,561     $ 1,224,686  
Akzo Nobel NV
    18,556       1,056,936  
Daicel Chemical Industries, Ltd. 
    57,000       392,360  
Dow Chemical Co. (The)
    92,111       2,723,722  
Eastman Chemical Co. 
    11,375       724,360  
Hitachi Chemical Co., Ltd. 
    16,800       363,946  
Johnson Matthey PLC
    85,911       2,280,619  
Kaneka Corp. 
    57,000       369,850  
Linde AG
    19,853       2,368,034  
Mitsubishi Gas Chemical Co., Inc. 
    89,000       537,237  
Monsanto Co. 
    38,287       2,734,458  
Nitto Denko Corp. 
    5,900       229,114  
Shin-Etsu Chemical Co., Ltd. 
    58,200       3,387,035  
Showa Denko KK
    346,000       780,932  
Sumitomo Chemical Co., Ltd. 
    199,000       974,366  
Toray Industries, Inc. 
    76,000       444,563  
Tosoh Corp. 
    252,000       640,909  
Umicore
    82,579       2,880,601  
Wacker Chemie AG
    6,604       985,423  
                 
            $ 25,099,151  
                 
Commercial Banks — 6.5%
Banco Santander Central Hispano SA
    1,132,101     $ 15,016,193  
Barclays PLC
    934,939       5,090,912  
BNP Paribas SA
    130,141       9,974,858  
Fifth Third Bancorp
    227,543       3,092,309  
Gunma Bank, Ltd. (The)
    124,000       686,670  
Hachijuni Bank, Ltd. (The)
    89,000       507,344  
Hiroshima Bank, Ltd. (The)
    126,000       533,404  
HSBC Holdings PLC
    1,520,103       15,404,576  
Intesa Sanpaolo SpA(1)
    1,681,641       6,262,540  
 
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Security   Shares     Value  
Lloyds Banking Group PLC(1)
    3,975,334     $ 3,774,824  
Mizuho Financial Group, Inc. 
    447,941       885,601  
Natixis(1)
    165,993       889,843  
PNC Financial Services Group, Inc. 
    44,820       2,675,754  
Shinsei Bank, Ltd.(1)
    214,000       259,396  
Societe Generale
    94,456       5,928,025  
Standard Chartered PLC
    220,000       5,996,605  
Sterling Bancshares, Inc. 
    108,059       602,969  
Sumitomo Mitsui Financial Group, Inc. 
    13,208       437,578  
UniCredit SpA(1)
    2,340,725       6,901,738  
Wells Fargo & Co. 
    253,893       7,901,150  
                 
            $ 92,822,289  
                 
Commercial Services & Supplies — 0.6%
Avery Dennison Corp. 
    23,372     $ 850,975  
Republic Services, Inc. 
    15,222       441,742  
SECOM Co., Ltd. 
    63,000       2,758,389  
Serco Group PLC
    156,826       1,430,872  
Waste Management, Inc. 
    72,281       2,488,635  
                 
            $ 7,970,613  
                 
Communications Equipment — 4.1%
Alcatel-Lucent(1)
    307,923     $ 968,466  
Aviat Networks, Inc.(1)
    11,360       75,317  
Brocade Communications Systems, Inc.(1)
    67,859       387,475  
Cisco Systems, Inc.(1)
    686,287       17,864,051  
Nokia Oyj
    541,978       8,446,249  
QUALCOMM, Inc. 
    499,771       20,985,384  
Research In Motion, Ltd.(1)
    120,764       8,930,498  
Riverbed Technology, Inc.(1)
    30,785       874,294  
                 
            $ 58,531,734  
                 
Computers & Peripherals — 6.0%
Apple, Inc.(1)
    279,785     $ 65,729,890  
Dell, Inc.(1)
    314,244       4,716,803  
Hewlett-Packard Co. 
    85,494       4,544,006  
International Business Machines Corp. 
    76,613       9,825,617  
NEC Corp. 
    325,000       978,916  
                 
            $ 85,795,232  
                 
Construction & Engineering — 0.4%
Bouygues SA
    19,011     $ 953,819  
Chiyoda Corp. 
    69,000       685,620  
Ferrovial SA
    95,985       932,641  
Fluor Corp. 
    9,129       424,590  
Foster Wheeler AG(1)
    16,547       449,086  
Hochtief AG
    11,977       1,005,002  
JGC Corp. 
    71,000       1,267,404  
Obayashi Corp. 
    43,000       191,159  
                 
            $ 5,909,321  
                 
Construction Materials — 0.3%
Imerys SA
    22,993     $ 1,414,561  
Lafarge SA
    22,039       1,548,073  
Taiheiyo Cement Corp.(1)
    173,000       248,243  
Vulcan Materials Co. 
    24,404       1,152,845  
                 
            $ 4,363,722  
                 
Consumer Finance — 0.2%
American Express Co. 
    42,280     $ 1,744,473  
ORIX Corp. 
    4,130       366,703  
SLM Corp.(1)
    97,247       1,217,532  
                 
            $ 3,328,708  
                 
 
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Security   Shares     Value  
Containers & Packaging — 0.1%
Toyo Seikan Kaisha, Ltd. 
    51,400     $ 910,810  
                 
            $ 910,810  
                 
Distributors — 0.3%
Canon Marketing Japan, Inc. 
    14,600     $ 198,872  
Genuine Parts Co. 
    56,294       2,377,858  
LKQ Corp.(1)
    61,787       1,254,276  
                 
            $ 3,831,006  
                 
Diversified Financial Services — 2.0%
Bank of America Corp. 
    496,591     $ 8,864,149  
Citigroup, Inc.(1)
    700,696       2,837,819  
CME Group, Inc. 
    7,388       2,335,421  
Compagnie Nationale a Portefeuille
    17,116       897,296  
Criteria Caixacorp SA
    267,829       1,328,826  
Deutsche Boerse AG
    36,045       2,666,891  
Groupe Bruxelles Lambert SA
    10,886       961,457  
JPMorgan Chase & Co. 
    154,746       6,924,884  
Moody’s Corp. 
    42,204       1,255,569  
                 
            $ 28,072,312  
                 
Diversified Telecommunication Services — 2.6%
AT&T, Inc. 
    293,500     $ 7,584,040  
Deutsche Telekom AG
    325,887       4,403,938  
France Telecom SA
    222,265       5,323,844  
Frontier Communications Corp. 
    318,088       2,366,575  
Telefonica SA
    488,485       11,574,411  
Verizon Communications, Inc. 
    168,710       5,233,384  
Windstream Corp. 
    100,356       1,092,877  
                 
            $ 37,579,069  
                 
Electric Utilities — 1.7%
Duke Energy Corp. 
    117,718     $ 1,921,158  
E.ON AG
    274,138       10,135,049  
EDF SA
    41,600       2,267,755  
Edison International
    51,169       1,748,445  
Enel SpA
    412,666       2,306,363  
Hokkaido Electric Power Co., Inc. 
    13,500       259,115  
Iberdrola SA
    494,257       4,185,201  
Kyushu Electric Power Co., Inc. 
    13,400       291,899  
Shikoku Electric Power Co., Inc. 
    8,200       232,521  
Tokyo Electric Power Co., Inc. 
    12,201       325,419  
                 
            $ 23,672,925  
                 
Electrical Equipment — 1.1%
ABB, Ltd.(1)
    422,425     $ 9,234,487  
Cooper Industries PLC, Class A
    24,149       1,157,703  
Energy Conversion Devices, Inc.(1)
    7,332       57,410  
First Solar, Inc.(1)
    18,250       2,238,362  
Fujikura, Ltd. 
    87,000       502,063  
GS Yuasa Corp. 
    82,000       554,451  
Legrand SA
    47,726       1,507,125  
Suntech Power Holdings Co., Ltd. ADR(1)
    4,452       62,417  
                 
            $ 15,314,018  
                 
Electronic Equipment, Instruments & Components — 0.9%
Alps Electric Co., Ltd.(1)
    93,600     $ 647,086  
Corning, Inc. 
    39,985       808,097  
Ibiden Co., Ltd. 
    6,800       234,704  
Keyence Corp. 
    1,110       265,776  
Kyocera Corp. 
    60,334       5,889,285  
Mabuchi Motor Co., Ltd. 
    5,000       288,348  
 
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Table of Contents

                 
Security   Shares     Value  
Nippon Electric Glass Co., Ltd. 
    21,000     $ 296,414  
Omron Corp. 
    16,500       383,808  
TDK Corp. 
    63,500       4,233,226  
Yaskawa Electric Corp. 
    27,000       247,387  
                 
            $ 13,294,131  
                 
Energy Equipment & Services — 0.6%
CARBO Ceramics, Inc. 
    4,333     $ 270,119  
Halliburton Co. 
    130,037       3,918,015  
Schlumberger, Ltd. 
    62,861       3,989,159  
Superior Well Services, Inc.(1)
    46,517       622,398  
Transocean, Ltd.(1)
    806       69,622  
Willbros Group, Inc.(1)
    16,727       200,891  
                 
            $ 9,070,204  
                 
Food & Staples Retailing — 1.9%
CVS Caremark Corp. 
    172,603     $ 6,310,366  
Koninklijke Ahold NV
    122,728       1,636,594  
Kroger Co. (The)
    115,650       2,504,979  
Metro AG
    19,023       1,128,601  
Safeway, Inc. 
    20,063       498,766  
Seven & I Holdings Co., Ltd. 
    72,300       1,749,014  
Sysco Corp. 
    99,048       2,921,916  
UNY Co., Ltd. 
    64,000       530,147  
Wal-Mart Stores, Inc. 
    178,434       9,920,930  
                 
            $ 27,201,313  
                 
Food Products — 3.0%
Campbell Soup Co. 
    17,968     $ 635,169  
ConAgra Foods, Inc. 
    77,043       1,931,468  
H.J. Heinz Co. 
    59,510       2,714,251  
Kraft Foods, Inc., Class A
    88,500       2,676,240  
Nestle SA
    474,265       24,302,275  
Nissin Foods Holdings Co., Ltd. 
    11,700       393,807  
Toyo Suisan Kaisha, Ltd. 
    15,000       388,097  
Unilever NV
    311,235       9,415,733  
Yakult Honsha Co., Ltd. 
    7,500       202,365  
                 
            $ 42,659,405  
                 
Gas Utilities — 0.1%
Gas Natural SDG SA
    45,614     $ 841,288  
Snam Rete Gas SpA
    175,073       887,141  
                 
            $ 1,728,429  
                 
Health Care Equipment & Supplies — 1.0%
Boston Scientific Corp.(1)
    231,022     $ 1,667,979  
Covidien PLC
    14,617       734,943  
Edwards Lifesciences Corp.(1)
    7,026       694,731  
Hologic, Inc.(1)
    67,694       1,255,047  
Immucor, Inc.(1)
    15,993       358,083  
Medtronic, Inc. 
    103,989       4,682,625  
Olympus Corp. 
    71,000       2,282,353  
Terumo Corp. 
    60,000       3,198,972  
                 
            $ 14,874,733  
                 
Health Care Providers & Services — 1.1%
DaVita, Inc.(1)
    20,889     $ 1,324,363  
Laboratory Corp. of America Holdings(1)
    17,240       1,305,240  
Lincare Holdings, Inc.(1)
    44,241       1,985,536  
McKesson Corp. 
    42,868       2,817,285  
Medco Health Solutions, Inc.(1)
    45,718       2,951,554  
 
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Table of Contents

                 
Security   Shares     Value  
UnitedHealth Group, Inc.(1)
    67,346     $ 2,200,194  
VCA Antech, Inc.(1)
    93,308       2,615,423  
                 
            $ 15,199,595  
                 
Hotels, Restaurants & Leisure — 1.2%
Accor SA
    26,214     $ 1,450,574  
Carnival Corp. 
    22,815       887,047  
International Game Technology
    51,748       954,751  
Marriott International, Inc., Class A
    54,152       1,706,871  
McDonald’s Corp. 
    89,263       5,955,627  
Wynn Resorts, Ltd. 
    27,627       2,094,956  
Yum! Brands, Inc. 
    111,537       4,275,213  
                 
            $ 17,325,039  
                 
Household Durables — 0.7%
Casio Computer Co., Ltd. 
    85,000     $ 654,972  
Makita Corp. 
    6,700       221,167  
Ryland Group, Inc. 
    37,074       831,941  
Sekisui Chemical Co., Ltd. 
    61,000       413,615  
Sharp Corp. 
    73,000       914,162  
Sony Corp. 
    72,600       2,781,769  
Stanley Black & Decker, Inc. 
    48,688       2,795,178  
Whirlpool Corp. 
    9,068       791,183  
                 
            $ 9,403,987  
                 
Household Products — 1.2%
Clorox Co. (The)
    30,648     $ 1,965,763  
Colgate-Palmolive Co. 
    28,351       2,417,206  
Kao Corp. 
    97,654       2,476,663  
Procter & Gamble Co. 
    152,165       9,627,479  
Uni-Charm Corp. 
    6,000       579,282  
                 
            $ 17,066,393  
                 
Industrial Conglomerates — 1.8%
3M Co. 
    64,134     $ 5,359,678  
General Electric Co. 
    374,898       6,823,144  
Hankyu Hanshin Holdings, Inc. 
    38,128       176,837  
Siemens AG
    126,201       12,609,623  
Textron, Inc. 
    29,211       620,149  
                 
            $ 25,589,431  
                 
Insurance — 3.9%
ACE, Ltd. 
    46,248     $ 2,418,770  
Aflac, Inc. 
    12,267       665,975  
Aioi Insurance Co., Ltd. 
    108,000       567,520  
Allianz SE
    62,694       7,846,590  
AON Corp. 
    20,928       893,835  
AXA SA
    297,994       6,610,949  
Berkshire Hathaway, Inc., Class B(1)
    39,000       3,169,530  
Chubb Corp. 
    6,724       348,639  
Cincinnati Financial Corp. 
    137,085       3,961,757  
CNP Assurances
    14,204       1,340,456  
Genworth Financial, Inc., Class A(1)
    49,867       914,561  
Hannover Rueckversicherung AG(1)
    22,194       1,094,298  
Mapfre SA
    247,314       906,853  
Marsh & McLennan Cos., Inc. 
    98,828       2,413,380  
MetLife, Inc. 
    112,391       4,871,026  
Muenchener Rueckversicherungs-Gesellschaft AG
    38,311       6,214,678  
Nipponkoa Insurance Co., Ltd. 
    28,000       178,345  
Principal Financial Group, Inc. 
    36,247       1,058,775  
Prudential Financial, Inc. 
    37,177       2,249,209  
Prudential PLC
    349,752       2,893,375  
Resolution, Ltd.(1)
    876,749       1,091,623  
 
6

Table of Contents

                 
Security   Shares     Value  
RSA Insurance Group PLC
    678,764     $ 1,314,062  
Sony Financial Holdings, Inc. 
    136       447,052  
Standard Life PLC
    479,801       1,457,182  
T & D Holdings, Inc. 
    9,850       233,725  
TrygVesta AS
    15,498       1,025,323  
                 
            $ 56,187,488  
                 
Internet & Catalog Retail — 1.1%
Amazon.com, Inc.(1)
    61,514     $ 8,349,295  
Liberty Media Corp. - Interactive, Class A(1)
    199,687       3,057,208  
Priceline.com, Inc.(1)
    15,481       3,947,655  
                 
            $ 15,354,158  
                 
Internet Software & Services — 2.9%
Baidu, Inc. ADR(1)
    6,835     $ 4,080,495  
eBay, Inc.(1)
    265,244       7,148,326  
Google, Inc., Class A(1)
    38,170       21,642,772  
Monster Worldwide, Inc.(1)
    36,048       598,757  
United Internet AG(1)
    77,776       1,180,124  
VeriSign, Inc.(1)
    132,262       3,440,135  
Yahoo! Inc.(1)
    193,189       3,193,414  
                 
            $ 41,284,023  
                 
IT Services — 1.4%
CapGemini SA
    38,327     $ 1,884,399  
Cognizant Technology Solutions Corp.(1)
    123,578       6,300,006  
Fidelity National Information Services, Inc. 
    51,873       1,215,903  
Infosys Technologies, Ltd. ADR
    82,619       4,862,128  
MasterCard, Inc., Class A
    5,904       1,499,616  
Nomura Research Institute, Ltd. 
    14,000       319,134  
NTT Data Corp. 
    673       2,243,990  
Obic Co., Ltd. 
    1,290       234,429  
Otsuka Corp. 
    4,700       298,915  
Western Union Co. 
    89,601       1,519,633  
                 
            $ 20,378,153  
                 
Leisure Equipment & Products — 0.1%
Hasbro, Inc. 
    21,651     $ 828,800  
Mattel, Inc. 
    31,709       721,063  
Sankyo Co., Ltd. 
    4,300       212,873  
                 
            $ 1,762,736  
                 
Life Sciences Tools & Services — 0.2%
Illumina, Inc.(1)
    14,227     $ 553,430  
PerkinElmer, Inc. 
    27,425       655,458  
Thermo Fisher Scientific, Inc.(1)
    33,544       1,725,503  
                 
            $ 2,934,391  
                 
Machinery — 1.8%
AGCO Corp.(1)
    30,980     $ 1,111,253  
Caterpillar, Inc. 
    28,676       1,802,287  
Dover Corp. 
    15,298       715,181  
Eaton Corp. 
    29,751       2,254,233  
Ebara Corp.(1)
    104,000       531,792  
Fanuc, Ltd. 
    57,127       6,071,762  
Hitachi Construction Machinery Co., Ltd. 
    66,900       1,583,488  
IHI Corp. 
    213,000       390,221  
Japan Steel Works, Ltd. 
    78,000       895,029  
Joy Global, Inc. 
    19,362       1,095,889  
Kawasaki Heavy Industries, Ltd. 
    107,000       295,931  
Komatsu, Ltd. 
    75,400       1,584,115  
Kurita Water Industries, Ltd. 
    7,400       209,902  
MAN AG
    12,372       1,034,847  
 
7

Table of Contents

                 
Security   Shares     Value  
Meidensha Corp. 
    97,000     $ 432,590  
Minebea Co., Ltd. 
    67,127       408,954  
NTN Corp. 
    153,000       692,124  
Pall Corp. 
    30,660       1,241,423  
Parker Hannifin Corp. 
    13,311       861,754  
SMC Corp. 
    2,900       394,391  
Snap-On, Inc. 
    15,120       655,301  
Sumitomo Heavy Industries, Ltd. 
    194,000       1,170,525  
Titan International, Inc. 
    23,159       202,178  
                 
            $ 25,635,170  
                 
Marine — 0.1%
Kawasaki Kisen Kaisha, Ltd.(1)
    64,000     $ 255,670  
Mitsui O.S.K. Lines, Ltd. 
    83,000       596,858  
                 
            $ 852,528  
                 
Media — 2.4%
British Sky Broadcasting Group PLC
    447,757     $ 4,090,766  
Comcast Corp., Class A
    483,395       9,097,494  
Comcast Corp., Special Class A
    144,653       2,599,415  
DIRECTV, Class A(1)
    97,457       3,295,021  
Focus Media Holding, Ltd. ADR(1)
    10,518       192,059  
JC Decaux SA(1)
    44,715       1,247,207  
McGraw-Hill Cos., Inc. (The)
    27,142       967,612  
Omnicom Group, Inc. 
    99,372       3,856,627  
Virgin Media, Inc. 
    100,424       1,733,318  
Walt Disney Co. (The)
    174,880       6,105,061  
Wolters Kluwer NV
    45,032       975,630  
                 
            $ 34,160,210  
                 
Metals & Mining — 2.8%
AK Steel Holding Corp. 
    20,960     $ 479,146  
Alcoa, Inc. 
    129,184       1,839,580  
Anglo American PLC(1)
    100,152       4,359,526  
ArcelorMittal
    134,571       5,900,304  
BHP Billiton PLC
    189,390       6,472,974  
Dowa Holdings Co., Ltd. 
    105,000       633,161  
JFE Holdings, Inc. 
    9,800       395,397  
Kobe Steel, Ltd. 
    216,000       465,094  
Lonmin PLC(1)
    34,390       1,064,644  
Mitsubishi Materials Corp.(1)
    80,000       230,439  
Mitsui Mining & Smelting Co., Ltd. 
    189,000       566,987  
Newmont Mining Corp. 
    22,195       1,130,391  
Pacific Metals Co., Ltd. 
    62,000       516,169  
Rio Tinto PLC
    147,061       8,694,059  
Sumitomo Metal Industries, Ltd. 
    112,000       339,547  
Sumitomo Metal Mining Co., Ltd. 
    66,000       981,947  
United States Steel Corp. 
    27,078       1,719,995  
Xstrata PLC(1)
    195,335       3,696,971  
                 
            $ 39,486,331  
                 
Multi-Utilities — 1.5%
Centrica PLC
    498,444     $ 2,225,617  
CMS Energy Corp. 
    312,086       4,824,849  
Consolidated Edison, Inc. 
    12,419       553,142  
Dominion Resources, Inc. 
    34,329       1,411,265  
GDF Suez
    222,427       8,598,317  
Public Service Enterprise Group, Inc. 
    116,940       3,452,069  
RWE AG, PFC Shares
    10,079       828,974  
                 
            $ 21,894,233  
                 
 
8

Table of Contents

                 
Security   Shares     Value  
Multiline Retail — 0.8%
H2O Retailing Corp. 
    29,000     $ 198,425  
Isetan Mitsukoshi Holdings, Ltd. 
    71,332       767,381  
Kohl’s Corp.(1)
    23,927       1,310,721  
Marks & Spencer Group PLC
    398,770       2,241,127  
Nordstrom, Inc. 
    19,173       783,217  
PPR SA
    7,380       981,136  
Sears Holdings Corp.(1)
    19,043       2,064,832  
Target Corp. 
    70,056       3,684,946  
                 
            $ 12,031,785  
                 
Office Electronics — 0.4%
Brother Industries, Ltd. 
    22,000     $ 266,483  
Canon, Inc. 
    87,300       4,038,081  
Konica Minolta Holdings, Inc. 
    70,500       824,593  
Ricoh Co., Ltd. 
    59,000       924,083  
                 
            $ 6,053,240  
                 
Oil, Gas & Consumable Fuels — 7.1%
Anadarko Petroleum Corp. 
    39,019     $ 2,841,754  
BP PLC
    1,728,070       16,356,442  
Chevron Corp. 
    105,078       7,968,065  
ConocoPhillips
    86,584       4,430,503  
Devon Energy Corp. 
    8,417       542,307  
El Paso Corp. 
    56,715       614,791  
ENI SpA
    332,108       7,789,984  
Exxon Mobil Corp. 
    246,796       16,530,396  
Goodrich Petroleum Corp.(1)
    6,636       103,787  
Hess Corp. 
    20,723       1,296,224  
Idemitsu Kosan Co., Ltd. 
    3,100       235,128  
Japan Petroleum Exploration Co. 
    5,400       274,187  
Nippon Mining Holdings, Inc. 
    159,000       755,249  
Petrohawk Energy Corp.(1)
    38,373       778,205  
Royal Dutch Shell PLC, Class A
    370,230       10,734,019  
Royal Dutch Shell PLC, Class B
    292,028       8,050,609  
SandRidge Energy, Inc.(1)
    49,942       384,553  
Southwestern Energy Co.(1)
    24,167       984,080  
Suncor Energy, Inc. 
    47,858       1,557,299  
Total SA
    268,726       15,596,291  
Williams Cos., Inc. 
    118,494       2,737,211  
XTO Energy, Inc. 
    34,713       1,637,759  
                 
            $ 102,198,843  
                 
Paper & Forest Products — 0.1%
International Paper Co. 
    33,486     $ 824,091  
OJI Paper Co., Ltd. 
    90,000       395,006  
                 
            $ 1,219,097  
                 
Personal Products — 0.0%
USANA Health Sciences, Inc.(1)
    9,533     $ 299,431  
                 
            $ 299,431  
                 
Pharmaceuticals — 7.4%
Abbott Laboratories
    148,126     $ 7,803,278  
Allergan, Inc. 
    41,914       2,737,822  
Astellas Pharma, Inc. 
    61,200       2,216,859  
AstraZeneca PLC
    149,575       6,668,912  
Chugai Pharmaceutical Co., Ltd. 
    52,900       993,614  
Daiichi Sankyo Co., Ltd. 
    65,900       1,235,547  
Eisai Co., Ltd. 
    61,146       2,180,335  
Eli Lilly & Co. 
    34,545       1,251,220  
GlaxoSmithKline PLC
    584,116       11,211,961  
Hisamitsu Pharmaceutical Co., Inc. 
    6,800       253,028  
 
9

Table of Contents

                 
Security   Shares     Value  
Johnson & Johnson
    111,251     $ 7,253,565  
King Pharmaceuticals, Inc.(1)
    86,183       1,013,512  
Medicines Co.(1)
    28,661       224,702  
Merck & Co., Inc. 
    210,349       7,856,535  
Mitsubishi Tanabe Pharma Corp. 
    19,000       268,483  
Novartis AG
    257,613       13,935,295  
Ono Pharmaceutical Co., Ltd. 
    5,000       222,829  
Pfizer, Inc. 
    536,510       9,201,147  
Roche Holding AG
    69,396       11,270,634  
Sanofi-Aventis SA
    130,640       9,749,447  
Shionogi & Co., Ltd. 
    56,000       1,065,865  
Shire PLC
    52,086       1,147,897  
Takeda Pharmaceutical Co., Ltd. 
    56,231       2,476,072  
Warner Chilcott PLC, Class A(1)
    40,680       1,039,374  
Watson Pharmaceuticals, Inc.(1)
    58,985       2,463,803  
                 
            $ 105,741,736  
                 
Professional Services — 0.3%
Equifax, Inc. 
    15,217     $ 544,769  
Manpower, Inc. 
    13,198       753,870  
Randstad Holding NV(1)
    24,548       1,165,750  
Robert Half International, Inc. 
    73,835       2,246,799  
                 
            $ 4,711,188  
                 
Real Estate Investment Trusts (REITs) — 0.8%
AvalonBay Communities, Inc. 
    19,158     $ 1,654,293  
British Land Co. PLC
    179,131       1,305,687  
Japan Real Estate Investment Corp. 
    37       315,706  
Japan Retail Fund Investment Corp. 
    200       235,750  
Liberty International PLC
    189,600       1,445,980  
Nippon Building Fund, Inc. 
    40       344,678  
Simon Property Group, Inc. 
    36,591       3,069,985  
Unibail-Rodamco SE
    11,558       2,339,909  
                 
            $ 10,711,988  
                 
Real Estate Management & Development — 0.1%
Daito Trust Construction Co., Ltd. 
    6,300     $ 304,623  
Heiwa Real Estate Co., Ltd. 
    448,500       1,349,654  
NTT Urban Development Corp. 
    443       375,064  
                 
            $ 2,029,341  
                 
Road & Rail — 0.4%
Central Japan Railway Co. 
    55     $ 419,257  
CSX Corp. 
    46,494       2,366,544  
East Japan Railway Co. 
    12,600       876,672  
Keio Corp. 
    139,000       939,177  
Kintetsu Corp. 
    105,000       326,993  
Ryder System, Inc. 
    14,154       548,609  
Tobu Railway Co., Ltd. 
    135,000       749,856  
                 
            $ 6,227,108  
                 
Semiconductors & Semiconductor Equipment — 3.1%
Advanced Micro Devices, Inc.(1)
    47,927     $ 444,283  
Advantest Corp. 
    128,400       3,219,665  
Applied Materials, Inc. 
    324,238       4,370,728  
Atheros Communications, Inc.(1)
    60,993       2,361,039  
Broadcom Corp., Class A
    115,327       3,826,550  
Cree, Inc.(1)
    9,999       702,130  
Cypress Semiconductor Corp.(1)
    217,447       2,500,640  
Intel Corp. 
    696,138       15,496,032  
KLA-Tencor Corp. 
    59,539       1,840,946  
MEMC Electronic Materials, Inc.(1)
    40,523       621,218  
Microchip Technology, Inc. 
    37,768       1,063,547  
 
10

Table of Contents

                 
Security   Shares     Value  
ON Semiconductor Corp.(1)
    98,657     $ 789,256  
ROHM Co., Ltd. 
    4,700       351,675  
Shinko Electric Industries
    17,200       267,039  
Sumco Corp.(1)
    14,600       311,279  
Tokyo Electron, Ltd. 
    58,300       3,874,442  
Veeco Instruments, Inc.(1)
    51,522       2,241,207  
                 
            $ 44,281,676  
                 
Software — 4.5%
BMC Software, Inc.(1)
    31,383     $ 1,192,554  
Citrix Systems, Inc.(1)
    62,346       2,959,565  
Compuware Corp.(1)
    52,384       440,025  
Concur Technologies, Inc.(1)
    56,008       2,296,888  
Dassault Systemes SA
    23,266       1,375,726  
Konami Corp. 
    62,100       1,198,467  
Microsoft Corp. 
    1,066,099       31,204,718  
Nintendo Co., Ltd. 
    800       268,291  
Oracle Corp. 
    543,385       13,959,561  
Oracle Corp. Japan
    7,700       357,394  
Symantec Corp.(1)
    303,656       5,137,859  
TiVo, Inc.(1)
    106,665       1,826,105  
Trend Micro, Inc. 
    60,897       2,125,749  
                 
            $ 64,342,902  
                 
Specialty Retail — 2.0%
American Eagle Outfitters, Inc. 
    42,783     $ 792,341  
Best Buy Co., Inc. 
    47,984       2,041,239  
Fast Retailing Co., Ltd. 
    57,100       9,931,379  
Gap, Inc. (The)
    78,617       1,816,839  
Hennes & Mauritz AB(1)
    14,200       923,381  
Home Depot, Inc. 
    50,520       1,634,322  
Industria de Diseno Textil SA
    34,787       2,294,379  
Limited Brands, Inc. 
    36,921       908,995  
Office Depot, Inc.(1)
    190,264       1,518,307  
Shimamura Co., Ltd. 
    2,400       212,774  
Staples, Inc. 
    222,003       5,192,650  
Tiffany & Co. 
    26,337       1,250,744  
USS Co., Ltd. 
    3,800       258,495  
Yamada Denki Co., Ltd. 
    5,750       424,907  
                 
            $ 29,200,752  
                 
Textiles, Apparel & Luxury Goods — 0.6%
Adidas AG
    18,804     $ 1,005,312  
Asics Corp. 
    28,000       274,125  
Christian Dior SA
    10,660       1,136,360  
Coach, Inc. 
    16,626       657,059  
Hanesbrands, Inc.(1)
    4,073       113,311  
NIKE, Inc., Class B
    30,110       2,213,085  
Nisshinbo Holdings, Inc. 
    94,000       974,667  
Onward Holdings Co., Ltd. 
    30,000       234,032  
Puma AG Rudolf Dassler Sport
    2,976       942,636  
Swatch Group AG, Class B
    4,150       1,323,412  
                 
            $ 8,873,999  
                 
Tobacco — 1.7%
Altria Group, Inc. 
    94,844     $ 1,946,199  
British American Tobacco PLC
    275,025       9,481,616  
Imperial Tobacco Group PLC
    177,291       5,409,391  
Japan Tobacco, Inc. 
    409       1,522,642  
Philip Morris International, Inc. 
    120,301       6,274,900  
                 
            $ 24,634,748  
                 
 
11

Table of Contents

                 
Security   Shares     Value  
Trading Companies & Distributors — 0.4%
Marubeni Corp. 
    170,000     $ 1,058,114  
Mitsubishi Corp. 
    85,400       2,242,579  
Sumitomo Corp. 
    96,700       1,113,555  
Wolseley PLC(1)
    51,754       1,250,552  
                 
            $ 5,664,800  
                 
Transportation Infrastructure — 0.2%
ADP
    13,565     $ 1,116,067  
Kamigumi Co., Ltd. 
    46,000       370,327  
Societe des Autoroutes Paris-Rhin-Rhone(1)
    18,585       1,340,570  
                 
            $ 2,826,964  
                 
Wireless Telecommunication Services — 1.5%
American Tower Corp., Class A(1)
    20,404     $ 869,414  
KDDI Corp. 
    537       2,779,948  
Rogers Communications, Inc., Class B
    44,475       1,517,932  
Softbank Corp. 
    181,898       4,488,523  
Vodafone Group PLC
    5,349,088       12,371,991  
                 
            $ 22,027,808  
                 
         
Total Common Stocks
(identified cost $1,284,518,670)
  $ 1,438,765,349  
         
 
Investment Funds — 0.1%
 
                 
Security   Shares     Value  
Capital Markets — 0.1%
               
Alliance Trust PLC (The)
    243,354     $ 1,261,330  
                 
                 
Total Investment Funds
(identified cost $1,095,043)
          $ 1,261,330  
                 
                 
Total Investments — 100.6%
(identified cost $1,285,613,713)
          $ 1,440,026,679  
                 
 
Call Options Written — (1.1)%
 
                             
    Number
 		  Strike
 		    Expiration
 		     
Description   of Contracts   Price     Date   Value  
Dow Jones Euro Stoxx 50 Index
    64,250     EUR   2,950     4/16/10   $ (2,299,651 )
FTSE 100 Index
    9,850     GBP   5,625     4/16/10     (1,218,210 )
FTSE 100 Index
    8,850     GBP   5,700     4/16/10     (570,770 )
NASDAQ 100 Index
    1,620     $ 1,975     4/17/10     (2,673,000 )
Nikkei 225 Index
    1,450,000     JPY   10,750     4/10/10     (5,602,562 )
S&P 500 Index
    1,420     $ 1,175     4/17/10     (1,618,800 )
S&P 500 Index
    1,180     $ 1,185     4/17/10     (767,000 )
S&P 500 Index
    1,415     $ 1,190     4/17/10     (707,500 )
SMI Index
    8,750     CHF   6,950     4/16/10     (228,210 )
                         
         
Total Call Options Written
(premiums received $16,386,265)
 
$ 		(15,685,703 )
         
         
Other Assets, Less Liabilities — 0.5%
  $ 6,823,883  
         
         
Net Assets — 100.0%
  $ 1,431,164,859  
         
 
 
 
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The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
         
ADR
  -   American Depositary Receipt
         
PFC Shares
  -   Preference Shares
         
CHF
  -   Swiss Franc
         
EUR
  -   Euro
         
GBP
  -   British Pound Sterling
         
JPY
  -   Japanese Yen
         
(1)
      Non-income producing security.
 
Country Concentration of Portfolio
 
                 
    Percentage
 		       
Country   of Net Assets     Value  
United States
    52.8 %   $ 755,715,341  
United Kingdom
    11.8       169,271,933  
Japan
    11.1       158,976,110  
France
    6.2       88,485,538  
Switzerland
    4.8       67,935,497  
Germany
    4.7       67,354,683  
Spain
    2.6       37,079,792  
Italy
    1.8       25,087,638  
Netherlands
    1.5       22,020,349  
Canada
    0.8       12,005,729  
Finland
    0.6       8,446,249  
Belgium
    0.5       6,782,646  
Luxembourg
    0.4       5,900,304  
India
    0.3       4,862,128  
China
    0.3       4,334,971  
Other Countries, less than 0.3% each
    0.4       5,767,771  
                 
Total Investments
    100.6 %   $ 1,440,026,679  
                 
 
The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 1,286,696,697  
         
Gross unrealized appreciation
  $ 225,719,436  
Gross unrealized depreciation
    (72,389,454 )
         
Net unrealized appreciation
  $ 153,329,982  
         
 
Written call options activity for the fiscal year to date ended March 31, 2010 was as follows:
 
                 
    Number of
 		    Premiums
 		 
    Contracts     Received  
Outstanding, beginning of period
    1,648,909     $ 22,380,075  
Options written
    4,790,860       61,484,562  
Options terminated in closing purchase transactions
    (3,294,134 )     (61,779,188 )
Options expired
    (1,598,300 )     (5,699,184 )
                 
Outstanding, end of period
    1,547,335     $ 16,386,265  
                 
 
All of the assets of the Fund are subject to segregation to satisfy the requirements of the escrow agent. At March 31, 2010, the Fund had sufficient cash and/or securities to cover commitments under these contracts.
 
The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund generally intends to write index call options above the current value of the index to generate premium income. In writing index call options, the Fund in effect, sells potential appreciation in the value of the applicable index above the exercise price in exchange for the option premium received. The Fund retains the risk of loss, minus the premium received, should the price of the underlying index decline.
 
At March 31, 2010, the aggregate fair value of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in a liability position and whose primary underlying risk exposure is equity price risk was $15,685,703.
 
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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)
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
 
At March 31, 2010, the inputs used in valuing the Fund’s investments, which are carried at value, were as follows:
 
                                 
    Quoted Prices in
 		                   
    Active Markets for
 		    Significant Other
 		    Significant
 		       
    Identical Assets     Observable Inputs     Unobservable Inputs        
       
Asset Description   (Level 1)     (Level 2)     (Level 3)     Total  
   
Common Stocks
                               
Consumer Discretionary
  $ 98,949,585     $ 57,316,265     $ —     $ 156,265,850  
Consumer Staples
    63,431,260       66,946,649       —       130,377,909  
Energy
    51,477,138       59,791,909       —       111,269,047  
Financials
    78,356,606       142,490,016       —       220,846,622  
Health Care
    102,704,391       70,378,103       —       173,082,494  
Industrials
    60,697,758       73,927,941       —       134,625,699  
Information Technology
    284,918,711       48,443,623       —       333,362,334  
Materials
    14,553,274       56,525,837       —       71,079,111  
Telecommunication Services
    18,664,222       41,896,474       —       60,560,696  
Utilities
    13,910,928       33,384,659       —       47,295,587  
 
 
Total Common Stocks
  $ 787,663,873     $ 651,101,476 *   $ —     $ 1,438,765,349  
 
 
Investment Funds
  $ —     $ 1,261,330     $ —     $ 1,261,330  
 
 
Total Investments
  $ 787,663,873     $ 652,362,806     $ —     $ 1,440,026,679  
 
 
                                 
Liability Description                        
   
Call Options Written
  $ (15,685,703 )   $ —     $ —     $ (15,685,703 )
 
 
Total
  $ (15,685,703 )   $ —     $ —     $ (15,685,703 )
 
 
 
* Includes foreign equity securities whose values were adjusted to reflect market trading that occurred after the close of trading in their applicable foreign markets.
 
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
         
    Investments in
 		 
    Rights  
Balance as of December 31, 2009
  $ 0  
Realized gains (losses)
    —  
Change in net unrealized appreciation (depreciation)
    —  
Net purchases (sales)
    (0 )
Accrued discount (premium)
    —  
Net transfers to (from) Level 3
    —  
         
Balance as of March 31, 2010
  $ —  
         
 
All Level 3 investments held at December 31, 2009 were valued at $0.
 
For information on the 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.
 
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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.

 

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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
         
By:
  /s/ Duncan W. Richardson    
 
       
 
  Duncan W. Richardson    
 
  President    
 
        
Date:
  May 24, 2010    
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
         
By:
  /s/ Duncan W. Richardson    
 
       
 
  Duncan W. Richardson    
 
  President    
 
        
Date:
  May 24, 2010    
 
        
By:
  /s/ Barbara E. Campbell    
 
       
 
  Barbara E. Campbell    
 
  Treasurer    
 
        
Date:
  May 24, 2010