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

July 31, 2018

Date of Reporting Period

 

 

 


Item 1. Schedule of Investments


Eaton Vance

Tax-Advantaged Global Dividend Opportunities Fund

July 31, 2018

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 104.3%

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 0.8%

     

CAE, Inc.(1)

     145,564      $ 3,032,467  
     

 

 

 
      $ 3,032,467  
     

 

 

 

Air Freight & Logistics — 0.4%

     

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

     14,175      $ 1,307,360  
     

 

 

 
      $ 1,307,360  
     

 

 

 

Auto Components — 0.9%

     

Continental AG(1)

     13,878      $ 3,198,267  
     

 

 

 
      $ 3,198,267  
     

 

 

 

Banks — 9.8%

     

Canadian Imperial Bank of Commerce(1)

     46,615      $ 4,254,244  

Danske Bank A/S(1)

     69,005        2,005,321  

ING Groep NV(1)

     231,150        3,533,532  

JPMorgan Chase & Co.(1)

     83,694        9,620,625  

KeyCorp(1)

     156,714        3,270,621  

Nordea Bank AB(1)

     307,332        3,266,281  

Societe Generale SA(1)

     16,722        745,767  

Sumitomo Mitsui Financial Group, Inc.(1)

     70,200        2,786,079  

UniCredit SpA(1)

     69,178        1,221,486  

Wells Fargo & Co.(1)

     84,864        4,861,859  
     

 

 

 
      $ 35,565,815  
     

 

 

 

Beverages — 3.4%

     

Anheuser-Busch InBev SA/NV(1)

     38,795      $ 3,947,935  

Constellation Brands, Inc., Class A(1)

     22,085        4,642,930  

Diageo PLC(1)

     99,685        3,657,189  
     

 

 

 
      $ 12,248,054  
     

 

 

 

Biotechnology — 0.4%

     

Shire PLC ADR(1)

     7,871      $ 1,342,871  
     

 

 

 
      $ 1,342,871  
     

 

 

 

Building Products — 1.1%

     

Assa Abloy AB, Class B(1)

     205,315      $ 4,053,018  
     

 

 

 
      $ 4,053,018  
     

 

 

 

Chemicals — 3.6%

     

BASF SE(1)

     45,723      $ 4,382,938  

Ecolab, Inc.(1)

     31,714        4,462,160  

PPG Industries, Inc.(1)

     24,882        2,753,442  

Sika AG(1)

     10,751        1,526,516  
     

 

 

 
      $ 13,125,056  
     

 

 

 

 

1

 

 


                                                 
Security    Shares      Value  

Commercial Services & Supplies — 1.6%

     

Republic Services, Inc.(1)

     43,564      $ 3,157,519  

SECOM Co., Ltd.(1)

     35,047        2,678,730  
     

 

 

 
      $ 5,836,249  
     

 

 

 

Construction & Engineering — 0.0%(2)

     

Abengoa SA, Class A(1)(3)

     103,700      $ 3,459  

Abengoa SA, Class B(1)(3)

     1,072,295        12,482  
     

 

 

 
      $ 15,941  
     

 

 

 

Consumer Finance — 1.8%

     

Discover Financial Services(1)

     40,265      $ 2,875,324  

Navient Corp.(1)

     129,803        1,714,698  

OneMain Holdings, Inc.(1)(3)

     60,801        2,021,633  
     

 

 

 
      $ 6,611,655  
     

 

 

 

Diversified Financial Services — 1.8%

     

ORIX Corp.(1)

     409,423      $ 6,631,624  
     

 

 

 
      $ 6,631,624  
     

 

 

 

Diversified Telecommunication Services — 0.8%

     

Nippon Telegraph & Telephone Corp.(1)

     66,100      $ 3,057,359  
     

 

 

 
      $ 3,057,359  
     

 

 

 

Electric Utilities — 3.0%

     

Iberdrola SA(1)

     530,378      $ 4,123,634  

NextEra Energy, Inc.(1)

     40,173        6,730,585  
     

 

 

 
      $ 10,854,219  
     

 

 

 

Electrical Equipment — 2.7%

     

Legrand SA(1)

     44,918      $ 3,296,883  

Melrose Industries PLC(1)

     2,301,204        6,511,604  
     

 

 

 
      $ 9,808,487  
     

 

 

 

Electronic Equipment, Instruments & Components — 2.1%

     

CDW Corp.(1)

     48,892      $ 4,111,328  

Keyence Corp.(1)

     6,893        3,646,178  
     

 

 

 
      $ 7,757,506  
     

 

 

 

Energy Equipment & Services — 0.5%

     

Halliburton Co.(1)

     44,979      $ 1,908,009  
     

 

 

 
      $ 1,908,009  
     

 

 

 

Equity Real Estate Investment Trusts (REITs) — 3.2%

     

American Tower Corp.(1)

     45,078      $ 6,682,363  

Equity Residential(1)

     40,498        2,649,784  

Simon Property Group, Inc.(1)

     13,335        2,349,760  
     

 

 

 
      $ 11,681,907  
     

 

 

 

Health Care Equipment & Supplies — 3.3%

     

Baxter International, Inc.(1)

     43,024      $ 3,117,089  

Boston Scientific Corp.(1)(3)

     156,873        5,272,501  

Danaher Corp.(1)

     34,070        3,494,901  
     

 

 

 
      $ 11,884,491  
     

 

 

 

Health Care Providers & Services — 1.3%

     

Anthem, Inc.(1)

     12,162      $ 3,076,986  

UnitedHealth Group, Inc.(1)

     7,009        1,774,819  
     

 

 

 
      $ 4,851,805  
     

 

 

 

 

2

 

 


                                                 
Security    Shares      Value  

Hotels, Restaurants & Leisure — 1.1%

     

Compass Group PLC(1)

     181,015      $ 3,893,511  
     

 

 

 
      $ 3,893,511  
     

 

 

 

Household Products — 1.0%

     

Reckitt Benckiser Group PLC(1)

     40,192      $ 3,583,139  
     

 

 

 
      $ 3,583,139  
     

 

 

 

Insurance — 4.3%

     

AIA Group, Ltd.(1)

     417,732      $ 3,656,639  

Aviva PLC(1)

     698,681        4,578,958  

Chubb, Ltd.(1)

     26,449        3,695,454  

Prudential PLC(1)

     160,121        3,777,820  
     

 

 

 
      $ 15,708,871  
     

 

 

 

Internet & Direct Marketing Retail — 2.9%

     

Amazon.com, Inc.(1)(3)

     5,819      $ 10,342,923  
     

 

 

 
      $ 10,342,923  
     

 

 

 

Internet Software & Services — 5.3%

     

Alphabet, Inc., Class C(1)(3)

     11,734      $ 14,283,329  

Facebook, Inc., Class A(1)(3)

     29,353        5,065,741  
     

 

 

 
      $ 19,349,070  
     

 

 

 

IT Services — 1.0%

     

Visa, Inc., Class A(1)

     26,749      $ 3,657,658  
     

 

 

 
      $ 3,657,658  
     

 

 

 

Life Sciences Tools & Services — 1.2%

     

Lonza Group AG(1)

     14,157      $ 4,357,769  
     

 

 

 
      $ 4,357,769  
     

 

 

 

Machinery — 5.9%

     

Atlas Copco AB, Class A(1)

     92,493      $ 2,648,667  

Fortive Corp.(1)

     37,980        3,117,398  

ITT, Inc.(1)

     70,658        4,004,189  

Komatsu, Ltd.(1)

     145,519        4,299,810  

MISUMI Group, Inc.(1)

     136,792        3,494,874  

Parker-Hannifin Corp.(1)

     10,975        1,855,324  

Xylem, Inc.(1)

     26,303        2,013,758  
     

 

 

 
      $ 21,434,020  
     

 

 

 

Media — 1.1%

     

Walt Disney Co. (The)(1)

     36,081      $ 4,097,358  
     

 

 

 
      $ 4,097,358  
     

 

 

 

Metals & Mining — 1.0%

     

Rio Tinto, Ltd.(1)

     61,886      $ 3,740,213  
     

 

 

 
      $ 3,740,213  
     

 

 

 

Multi-Utilities — 1.5%

     

CMS Energy Corp.(1)

     109,803      $ 5,307,877  
     

 

 

 
      $ 5,307,877  
     

 

 

 

Oil, Gas & Consumable Fuels — 5.5%

     

BP PLC(1)

     709,625      $ 5,333,144  

ConocoPhillips(1)

     59,945        4,326,230  

Phillips 66(1)

     30,650        3,780,371  

 

3

 

 


                                                 
Security    Shares      Value  

Royal Dutch Shell PLC, Class B(1)

     146,334      $ 5,125,671  

Seven Generations Energy, Ltd., Class A(1)(3)

     129,430        1,478,518  
     

 

 

 
      $ 20,043,934  
     

 

 

 

Personal Products — 2.4%

     

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

     13,362      $ 1,803,068  

Unilever PLC(1)

     123,651        7,063,557  
     

 

 

 
      $ 8,866,625  
     

 

 

 

Pharmaceuticals — 6.5%

     

Bayer AG(1)

     36,379      $ 4,049,969  

Eli Lilly & Co.(1)

     44,240        4,371,354  

GlaxoSmithKline PLC

     51,260        1,064,683  

Johnson & Johnson(1)

     47,550        6,301,326  

Novo Nordisk A/S, Class B(1)

     71,860        3,574,840  

Zoetis, Inc.(1)

     48,035        4,154,067  
     

 

 

 
      $ 23,516,239  
     

 

 

 

Professional Services — 1.1%

     

Verisk Analytics, Inc.(1)(3)

     37,598      $ 4,159,091  
     

 

 

 
      $ 4,159,091  
     

 

 

 

Road & Rail — 1.7%

     

CSX Corp.(1)

     89,453      $ 6,322,538  
     

 

 

 
      $ 6,322,538  
     

 

 

 

Semiconductors & Semiconductor Equipment — 3.5%

     

ASML Holding NV(1)

     35,276      $ 7,554,999  

NXP Semiconductors NV(1)(3)

     3,462        330,067  

Taiwan Semiconductor Manufacturing Co., Ltd. ADR(1)

     114,233        4,707,542  
     

 

 

 
      $ 12,592,608  
     

 

 

 

Software — 2.9%

     

Activision Blizzard, Inc.(1)

     61,534      $ 4,517,826  

Microsoft Corp.(1)

     55,979        5,938,253  
     

 

 

 
      $ 10,456,079  
     

 

 

 

Specialty Retail — 4.3%

     

Home Depot, Inc. (The)(1)

     27,213      $ 5,375,112  

Industria de Diseno Textil SA(1)

     133,783        4,384,151  

TJX Cos., Inc. (The)(1)

     41,233        4,010,321  

Ulta Beauty, Inc.(1)(3)

     8,289        2,025,749  
     

 

 

 
      $ 15,795,333  
     

 

 

 

Technology Hardware, Storage & Peripherals — 3.0%

     

Apple, Inc.(1)

     27,705      $ 5,271,984  

HP, Inc.(1)

     236,386        5,455,789  
     

 

 

 
      $ 10,727,773  
     

 

 

 

Textiles, Apparel & Luxury Goods — 2.2%

     

adidas AG(1)

     14,976      $ 3,311,095  

LVMH Moet Hennessy Louis Vuitton SE(1)

     8,924        3,109,907  

Samsonite International SA(1)(4)

     386,587        1,461,047  
     

 

 

 
      $ 7,882,049  
     

 

 

 

Thrifts & Mortgage Finance — 0.7%

     

MGIC Investment Corp.(1)(3)

     190,220      $ 2,373,946  
     

 

 

 
      $ 2,373,946  
     

 

 

 

 

4

 

 


                                                 
Security    Shares      Value  

Tobacco — 1.2%

 

British American Tobacco PLC(1)

     78,849      $ 4,334,507  
     

 

 

 
   $ 4,334,507  
     

 

 

 

Wireless Telecommunication Services — 0.5%

 

Tele2 AB, Class B(1)

     146,402      $ 1,964,473  
     

 

 

 
   $ 1,964,473  
     

 

 

 

Total Common Stocks
(identified cost $302,827,273)

 

   $ 379,279,764  
     

 

 

 

Preferred Stocks — 7.8%(1)

 

Security    Shares      Value  

Banks — 2.1%

 

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

     16,581      $ 1,782,458  

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

     16,600        1,734,700  

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

     2,500        268,750  

Farm Credit Bank of Texas, Series 1, 10.00%

     906        1,035,105  

First Republic Bank, Series G, 5.50%

     12,000        300,240  

First Tennessee Bank NA, 3.75%, (3 mo. USD LIBOR + 0.85%, Floor 3.75%)(4)(6)

     840        667,800  

IBERIABANK Corp., Series C, 6.60% to 5/1/26(5)

     19,418        522,344  

Texas Capital Bancshares, Inc., 6.50%

     31,915        817,024  

Wells Fargo & Co., Series Y, 5.625%

     18,150        456,654  
     

 

 

 
   $ 7,585,075  
     

 

 

 

Capital Markets — 0.5%

 

State Street Corp., Series G, 5.35% to 3/15/26(5)

     67,800      $ 1,768,224  
     

 

 

 
   $ 1,768,224  
     

 

 

 

Consumer Finance — 0.5%

 

Capital One Financial Corp., Series C, 6.25%

     71,350      $ 1,852,246  
     

 

 

 
   $ 1,852,246  
     

 

 

 

Electric Utilities — 1.6%

 

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

     19,531      $ 489,642  

NextEra Energy Capital Holdings, Inc., Series K, 5.25%

     67,000        1,677,680  

SCE Trust VI, 5.00%

     104,525        2,388,396  

Southern Co. (The), 6.25%

     53,497        1,394,132  
     

 

 

 
   $ 5,949,850  
     

 

 

 

Equity Real Estate Investment Trusts (REITs) — 1.3%

 

CBL & Associates Properties, Inc., Series D, 7.375%

     67,925      $ 1,310,273  

DDR Corp., Series A, 6.375%

     49,475        1,272,002  

DDR Corp., Series K, 6.25%

     1,375        33,344  

Spirit Realty Capital, Inc., Series A, 6.00%

     35,387        831,594  

Summit Hotel Properties, Inc., Series E, 6.25%

     23,307        549,113  

Vornado Realty Trust, Series K, 5.70%

     25,220        641,345  
     

 

 

 
   $ 4,637,671  
     

 

 

 

Food Products — 0.8%

 

Dairy Farmers of America, Inc., 7.875%(4)

     22,100      $ 2,248,675  

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

     6,085        556,777  
     

 

 

 
   $ 2,805,452  
     

 

 

 

 

5

 

 


                                                 
Security    Shares      Value  

Insurance — 0.1%

     

PartnerRe, Ltd., Series I, 5.875%

     17,096      $ 433,555  
     

 

 

 
      $ 433,555  
     

 

 

 

Multi-Utilities — 0.1%

     

DTE Energy Co., Series C, 5.25%

     17,395      $ 427,917  
     

 

 

 
      $ 427,917  
     

 

 

 

Oil, Gas & Consumable Fuels — 0.8%

     

NuStar Energy, L.P., Series B, 7.625% to 6/15/22(5)

     128,725      $ 2,873,142  
     

 

 

 
      $ 2,873,142  
     

 

 

 

Total Preferred Stocks
(identified cost $28,908,624)

      $ 28,333,132  
     

 

 

 

Corporate Bonds & Notes — 16.7%

     
Security   

Principal

Amount

(000’s omitted)

     Value  

Airlines — 0.1%

     

Azul Investments LLP, 5.875%, 10/26/24(1)(4)

   $ 505      $ 475,331  
     

 

 

 
      $ 475,331  
     

 

 

 

Automobiles — 0.3%

     

General Motors Financial Co., Inc., Series A, 5.75% to 9/30/27(1)(5)(7)

   $ 1,270      $ 1,250,950  
     

 

 

 
      $ 1,250,950  
     

 

 

 

Banks — 7.9%

     

Australia and New Zealand Banking Group, Ltd., 6.75% to 6/15/26(1)(4)(5)(7)

   $ 1,865      $ 1,946,594  

Banco Bilbao Vizcaya Argentaria SA, 6.125% to 11/16/27(1)(5)(7)

     1,400        1,291,500  

Banco do Brasil SA, 6.25% to 4/15/24(1)(4)(5)(7)

     2,645        2,238,331  

Banco Mercantil del Norte SA/Grand Cayman, 7.625% to 1/10/28(1)(4)(5)(7)

     395        418,503  

Banco Santander SA, 6.375% to 5/19/19(5)(7)(8)

     200        200,908  

Bank of America Corp., Series AA, 6.10% to 3/17/25(1)(5)(7)

     1,445        1,507,857  

Bank of America Corp., Series FF, 5.875% to 3/15/28(1)(5)(7)

     910        903,858  

Citigroup, Inc., Series M, 6.30% to 5/15/24(1)(5)(7)

     650        662,188  

Citigroup, Inc., Series T, 6.25% to 8/15/26(1)(5)(7)

     1,475        1,529,368  

Credit Agricole SA, 7.875% to 1/23/24(1)(4)(5)(7)

     1,881        2,006,626  

Credit Suisse Group AG, 7.50% to 7/17/23(4)(5)(7)

     968        1,000,428  

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24(1)(5)(7)

     1,839        1,896,156  

JPMorgan Chase & Co., Series Z, 5.30% to 5/1/20(1)(5)(7)

     2,736        2,790,720  

Lloyds Banking Group PLC, 7.50% to 6/27/24(1)(5)(7)

     1,952        2,020,320  

PNC Financial Services Group, Inc. (The), Series S, 5.00% to 11/1/26(1)(5)(7)

     440        437,800  

Royal Bank of Scotland Group PLC, 8.00% to 8/10/25(1)(5)(7)

     805        857,019  

Societe Generale SA, 6.75% to 4/6/28(1)(4)(5)(7)

     2,295        2,200,331  

Standard Chartered PLC, 7.75% to 4/2/23(1)(4)(5)(7)

     1,765        1,844,425  

SunTrust Banks, Inc., Series H, 5.125% to 12/15/27(1)(5)(7)

     540        509,288  

UniCredit SpA, 8.00% to 6/3/24(1)(5)(7)(8)

     2,222        2,149,621  

Zions Bancorporation, Series I, 5.80% to 6/15/23(1)(5)(7)

     220        218,350  
     

 

 

 
      $ 28,630,191  
     

 

 

 

 

6

 

 


                                                 
Security   

Principal

Amount

(000’s omitted)

     Value  

Capital Markets — 1.6%

     

Banco BTG Pactual SA/Cayman Islands, 5.50%, 1/31/23(1)(4)

   $ 595      $ 579,387  

Banco BTG Pactual SA/Cayman Islands, 5.75%, 9/28/22(1)(4)

     968        948,243  

Charles Schwab Corp. (The), Series F, 5.00% to 12/1/27(1)(5)(7)

     1,820        1,756,300  

UBS Group AG, 6.875% to 8/7/25(1)(5)(7)(8)

     2,421        2,478,431  
     

 

 

 
      $ 5,762,361  
     

 

 

 

Construction & Engineering — 0.0%(2)

     

Abengoa Abenewco 2 SAU, 1.50%, (1.50% cash or 0.25% cash and 1.25% PIK),
3/31/23(1)(4)

   $ 438      $ 31,726  
     

 

 

 
      $ 31,726  
     

 

 

 

Diversified Financial Services — 0.7%

     

Cadence Financial Corp., 4.875%, 6/28/19(1)(4)

   $ 1,220      $ 1,222,559  

Textron Financial Corp., 4.078%, (3 mo. USD LIBOR + 1.735%), 2/15/67(1)(4)(6)

     553        501,847  

Unifin Financiera SAB de CV, 8.875% to 1/29/25(1)(4)(5)(7)

     920        870,900  
     

 

 

 
      $ 2,595,306  
     

 

 

 

Electric Utilities — 1.3%

     

AES Gener SA, 8.375% to 6/18/19, 12/18/73(1)(4)(5)

   $ 1,936      $ 2,013,440  

Enel SpA, 8.75% to 9/24/23, 9/24/73(1)(4)(5)

     1,060        1,175,275  

Southern Co. (The), Series B, 5.50% to 3/15/22, 3/15/57(1)(5)

     1,600        1,656,401  
     

 

 

 
      $ 4,845,116  
     

 

 

 

Energy Equipment & Services — 0.3%

     

Oceaneering International, Inc., 6.00%, 2/1/28(1)

   $ 955      $ 952,274  
     

 

 

 
      $ 952,274  
     

 

 

 

Food Products — 0.7%

     

JBS Investments GmbH, 7.75%, 10/28/20(1)(4)

   $ 240      $ 246,936  

Land O’ Lakes, Inc., 8.00%(1)(4)(7)

     2,103        2,313,300  
     

 

 

 
      $ 2,560,236  
     

 

 

 

Gas Utilities — 0.0%(2)

     

NiSource, Inc., 5.65% to 6/15/23(4)(5)(7)

   $ 100      $ 99,625  
     

 

 

 
      $ 99,625  
     

 

 

 

Metals & Mining — 0.5%

     

BHP Billiton Finance USA, Ltd., 6.75% to 10/20/25, 10/19/75(1)(4)(5)

   $ 1,634      $ 1,789,230  
     

 

 

 
      $ 1,789,230  
     

 

 

 

Multi-Utilities — 0.1%

     

Dominion Resources, Inc., 5.75% to 10/1/24, 10/1/54(1)(5)

   $ 275      $ 288,027  
     

 

 

 
      $ 288,027  
     

 

 

 

Oil, Gas & Consumable Fuels — 0.7%

     

EnLink Midstream Partners, L.P., Series C, 6.00% to 12/15/22(1)(5)(7)

   $ 1,528      $ 1,329,925  

Odebrecht Oil & Gas Finance, Ltd., 0.00%(1)(4)(7)

     2,260        41,241  

Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22(1)(5)(7)

     1,135        1,106,625  
     

 

 

 
      $ 2,477,791  
     

 

 

 

Pharmaceuticals — 0.5%

     

Teva Pharmaceutical Finance Netherlands III B.V., 6.00%, 4/15/24(1)

   $ 1,910      $ 1,978,595  
     

 

 

 
      $ 1,978,595  
     

 

 

 

 

7

 

 


                                                 
Security   

Principal

Amount

(000’s omitted)

     Value  

Pipelines — 1.5%

     

Enbridge Energy Partners, L.P., 6.135%, (3 mo. USD LIBOR + 3.798%), 10/1/77(1)(6)

   $ 1,830      $ 1,832,562  

Energy Transfer Partners, L.P., Series A, 6.25% to 2/15/23(1)(5)(7)

     1,308        1,241,783  

Enterprise Products Operating, LLC, 5.375% to 2/15/28, 2/15/78(1)(5)

     1,905        1,798,639  

Transportadora de Gas del Sur SA, 6.75%, 5/2/25(4)

     440        415,668  
     

 

 

 
      $ 5,288,652  
     

 

 

 

Toys, Games & Hobbies — 0.4%

     

Mattel, Inc., 6.75%, 12/31/25(4)

   $ 1,295      $ 1,261,006  
     

 

 

 
      $ 1,261,006  
     

 

 

 

Transportation — 0.1%

     

JSL Europe SA, 7.75%, 7/26/24(1)(4)

   $ 480      $ 456,053  
     

 

 

 
      $ 456,053  
     

 

 

 

Total Corporate Bonds & Notes
(identified cost $63,315,207)

      $ 60,742,470  
     

 

 

 

Exchange-Traded Funds — 2.3%

     
Security    Shares      Value  

Equity Funds — 2.3%

     

First Trust Preferred Securities and Income ETF(1)

     439,166      $ 8,436,379  
     

 

 

 

Total Exchange-Traded Funds
(identified cost $8,830,630)

      $ 8,436,379  
     

 

 

 

Short-Term Investments — 1.2%

     
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.16%(9)

     4,271,465      $ 4,271,465  
     

 

 

 

Total Short-Term Investments
(identified cost $4,271,465)

      $ 4,271,465  
     

 

 

 

Total Investments — 132.3%
(identified cost $408,153,199)

      $ 481,063,210  
     

 

 

 

Other Assets, Less Liabilities — (32.3)%

      $ (117,495,910
     

 

 

 

Net Assets — 100.0%

      $ 363,567,300  
     

 

 

 

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

 

(1)

Security (or a portion thereof) has been segregated as collateral with the custodian for borrowings under the Credit Agreement.

 

(2)

Amount is less than 0.05%.

 

(3)

Non-income producing security.

 

8

 

 


(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 July 31, 2018, the aggregate value of these securities is $31,300,054 or 8.6% 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 dividend/interest rate represents the rate in effect at July 31, 2018.

 

(7)

Perpetual security with no stated maturity date but may be subject to calls by the issuer.

 

(8)

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 July 31, 2018, the aggregate value of these securities is $4,828,960 or 1.3% of the Fund’s net assets.

 

(9)

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 July 31, 2018. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended July 31, 2018 was $55,174.

Country Concentration of Portfolio

 

                                                 
Country    Percentage of
Total Investments
    Value  

United States

     56.9   $ 273,526,698  

United Kingdom

     10.9       52,260,089  

Japan

     5.5       26,594,654  

Netherlands

     3.4       16,544,269  

Germany

     3.1       14,942,269  

Sweden

     2.5       11,932,439  

France

     2.4       11,359,514  

Spain

     2.1       10,047,860  

Switzerland

     2.0       9,796,699  

Canada

     1.8       8,765,229  

Denmark

     1.2       5,580,161  

Brazil

     1.0       4,985,522  

Taiwan

     1.0       4,707,542  

Italy

     0.9       4,546,382  

Belgium

     0.8       3,947,935  

Australia

     0.8       3,735,824  

Hong Kong

     0.8       3,656,639  

Chile

     0.4       2,013,440  

Israel

     0.4       1,978,595  

Mexico

     0.3       1,289,403  

Argentina

     0.1       415,668  

Exchange-Traded Funds

     1.7       8,436,379  
  

 

 

   

 

 

 

Total Investments

     100.0   $ 481,063,210  
  

 

 

   

 

 

 

Abbreviations:

 

ADR

  -   American Depositary Receipt

LIBOR

  -   London Interbank Offered Rate

PIK

  -   Payment In Kind

USD

  -   United States Dollar

 

9

 

 


The Fund did not have any open derivative instruments at July 31, 2018.

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)

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 July 31, 2018, 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

   $ 25,851,463      $ 19,357,978      $      $ 45,209,441  

Consumer Staples

     6,445,998        22,586,327               29,032,325  

Energy

     11,493,128        10,458,815               21,951,943  

Financials

     34,688,404        32,203,507               66,891,911  

Health Care

     32,905,914        13,047,261               45,953,175  

Industrials

     28,969,644        26,999,527               55,969,171  

Information Technology

     53,339,517        11,201,177               64,540,694  

Materials

     7,215,602        9,649,667               16,865,269  

Real Estate

     11,681,907                      11,681,907  

Telecommunication Services

            5,021,832               5,021,832  

Utilities

     12,038,462        4,123,634               16,162,096  

Total Common Stocks

   $ 224,630,039      $ 154,649,725    $      $ 379,279,764  

Preferred Stocks

           

Consumer Staples

   $      $ 2,805,452      $      $ 2,805,452  

Energy

     2,873,142                      2,873,142  

Financials

     6,150,287        5,488,813               11,639,100  

Real Estate

     4,637,671                      4,637,671  

Utilities

     6,377,767                      6,377,767  

Total Preferred Stocks

   $ 20,038,867      $ 8,294,265      $      $ 28,333,132  

Corporate Bonds & Notes

   $      $ 60,742,470      $      $ 60,742,470  

Exchange-Traded Funds

     8,436,379                      8,436,379  

Short-Term Investments

            4,271,465               4,271,465  

Total Investments

   $     253,105,285      $     227,957,925      $     —      $     481,063,210  

 

*

Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

At July 31, 2018, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

For information on the 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.

 

10

 

 


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.

Item 3. Exhibits

A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act is attached hereto.

 


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund

 

By:   /s/ Edward J. Perkin
  Edward J. Perkin
  President
Date:   September 24, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/ Edward J. Perkin
  Edward J. Perkin
  President
Date:   September 24, 2018

 

By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   September 24, 2018