nvq
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, 2009
Date of Reporting Period
 


TABLE OF CONTENTS

Item 1. Schedule of Investments
Item 2. Controls and Procedures
Signatures
Certifications


Table of Contents

 
Item 1. Schedule of Investments


Table of Contents

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund as of March 31, 2009
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 103.4%
 
                 
Security   Shares     Value  
Aerospace & Defense — 0.9%
               
European Aeronautic Defence & Space Co.
    47,383     $ 550,583  
General Dynamics Corp.
    66,702       2,774,136  
Honeywell International, Inc.
    106,620       2,970,433  
L-3 Communications Holdings, Inc.
    18,594       1,260,673  
Rockwell Collins, Inc.
    59,584       1,944,822  
Rolls-Royce Group PLC(1)
    179,623       756,641  
                 
            $ 10,257,288  
                 
Air Freight & Logistics — 0.7%
               
CH Robinson Worldwide, Inc.
    81,714     $ 3,726,976  
Deutsche Post AG
    122,561       1,320,614  
Expeditors International of Washington, Inc.
    94,273       2,666,983  
FedEx Corp.
    28,786       1,280,689  
                 
            $ 8,995,262  
                 
Airlines — 0.1%
               
Air France-KLM
    111,870     $ 994,693  
Ryanair Holdings PLC ADR(1)
    25,702       593,973  
                 
            $ 1,588,666  
                 
Auto Components — 0.3%
               
Aisin Seiki Co., Ltd.
    15,600     $ 250,326  
Cooper Tire & Rubber Co.
    30,158       121,838  
Denso Corp.
    65,300       1,320,062  
Johnson Controls, Inc.
    114,456       1,373,472  
Tokai Rika Co., Ltd.
    26,100       262,846  
Toyota Boshoku Corp.
    28,200       293,950  
Toyota Industries Corp.
    8,600       185,243  
                 
            $ 3,807,737  
                 
Automobiles — 1.4%
               
DaimlerChrysler AG
    122,491     $ 3,086,203  
Honda Motor Co., Ltd.
    151,500       3,606,574  
Isuzu Motors, Ltd.
    311,000       381,979  
Mazda Motor Corp.
    125,000       211,904  
Nissan Motor Co., Ltd.
    218,500       789,731  
Toyota Motor Corp.
    61,907       1,966,405  
Volkswagen AG
    21,183       6,505,010  
Yamaha Motor Co., Ltd.
    22,100       198,278  
                 
            $ 16,746,084  
                 
 
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Table of Contents

                 
Security   Shares     Value  
Beverages — 1.4%
               
Carlsberg A/S, Class B
    15,753     $ 646,875  
Coca-Cola Co. (The)
    90,906       3,995,319  
Coca-Cola West Co., Ltd. 
    26,200       419,170  
Constellation Brands, Inc., Class A(1)
    34,264       407,742  
Heineken Holding NV, Class A
    51,223       1,241,775  
Heineken NV
    30,199       857,869  
Kirin Holdings Co., Ltd.
    43,000       459,372  
Pepsi Bottling Group, Inc.
    34,449       762,701  
PepsiCo, Inc.
    123,412       6,353,250  
Pernod-Ricard SA
    11,630       648,135  
Sapporo Holdings, Ltd.
    128,000       490,039  
                 
            $ 16,282,247  
                 
Biotechnology — 3.7%
               
Amgen, Inc.(1)
    227,600     $ 11,270,752  
Biogen Idec, Inc.(1)
    134,180       7,033,716  
Celgene Corp.(1)
    168,251       7,470,344  
CV Therapeutics, Inc.(1)
    35,295       701,665  
Gilead Sciences, Inc.(1)
    353,310       16,365,319  
Martek Biosciences Corp.
    56,488       1,030,906  
Regeneron Pharmaceuticals, Inc.(1)
    42,972       595,592  
                 
            $ 44,468,294  
                 
Building Products — 0.2%
               
Asahi Glass Co., Ltd.
    38,776     $ 205,860  
Daikin Industries, Ltd.
    78,700       2,166,769  
Masco Corp.
    59,062       412,253  
                 
            $ 2,784,882  
                 
Capital Markets — 1.8%
               
Bank of New York Mellon Corp. (The)
    119,790     $ 3,384,067  
Charles Schwab Corp. (The)
    115,113       1,784,251  
Franklin Resources, Inc.
    43,596       2,348,517  
Goldman Sachs Group, Inc.
    27,535       2,919,261  
Investec PLC
    400,000       1,674,828  
Julius Baer Holding AG
    17,844       438,442  
Man Group PLC
    355,866       1,115,206  
Nomura Holdings, Inc.
    237,000       1,202,303  
Northern Trust Corp.
    31,017       1,855,437  
Schroders PLC
    115,586       1,310,288  
Shinko Securities Co., Ltd.
    105,000       207,267  
UBS AG(1)
    447,073       4,191,419  
                 
            $ 22,431,286  
                 
 
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Table of Contents

                 
Security   Shares     Value  
Chemicals — 1.8%
               
Air Liquide SA
    17,779     $ 1,445,760  
Air Products and Chemicals, Inc.
    32,297       1,816,706  
BASF AG
    241,118       7,286,881  
Daicel Chemical Industries, Ltd.
    50,000       180,220  
Dow Chemical Co. (The)
    92,442       779,286  
Eastman Chemical Co.
    22,700       608,360  
Hitachi Chemical Co., Ltd.
    20,200       244,337  
Kaneka Corp.
    57,000       281,817  
Mitsubishi Gas Chemical Co., Inc.
    173,000       748,448  
Monsanto Co.
    38,287       3,181,650  
Nitto Denko Corp.
    11,900       243,515  
Shin-Etsu Chemical Co., Ltd.
    47,300       2,323,863  
Showa Denko KK
    293,000       364,163  
Sumitomo Chemical Co., Ltd.
    134,000       460,682  
Taiyo Nippon Sanso Corp.
    72,000       475,220  
Toray Industries, Inc.
    261,000       1,052,230  
Tosoh Corp.
    172,000       327,896  
                 
            $ 21,821,034  
                 
Commercial Banks — 4.5%
               
Banco Santander Central Hispano SA
    1,596,786     $ 11,009,495  
Bank of Nova Scotia
    32,994       809,013  
BNP Paribas SA
    142,080       5,861,727  
Gunma Bank, Ltd.
    149,000       810,758  
Hachijuni Bank, Ltd. (The)
    128,000       746,741  
Hiroshima Bank, Ltd. (The)
    151,000       578,726  
HSBC Holdings PLC
    1,875,426       10,441,578  
Intesa Sanpaolo SpA
    1,720,258       4,731,535  
Lloyds Banking Group PLC
    1,100,000       1,113,695  
Mizuho Financial Group, Inc.
    137,000       267,528  
Royal Bank of Canada
    58,284       1,685,573  
Shinsei Bank, Ltd.(1)
    256,000       260,130  
Societe Generale
    182,224       7,128,029  
Sumitomo Mitsui Financial Group, Inc.
    9,208       324,226  
Toronto-Dominion Bank
    31,546       1,090,861  
UniCredit SpA
    1,896,766       3,121,820  
Wells Fargo & Co.
    299,713       4,267,913  
                 
            $ 54,249,348  
                 
Commercial Services & Supplies — 0.4%
               
Avery Dennison Corp.
    23,372     $ 522,130  
Republic Services, Inc.
    15,222       261,057  
SECOM Co., Ltd.
    70,000       2,591,718  
 
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Table of Contents

                 
Security   Shares     Value  
Serco Group PLC
    144,136     $ 755,257  
Waste Management, Inc.
    41,988       1,074,893  
                 
            $ 5,205,055  
                 
Communications Equipment — 5.2%
               
Brocade Communications Systems, Inc.(1)
    29,461     $ 101,640  
Cisco Systems, Inc.(1)
    1,016,204       17,041,741  
Corning, Inc.
    98,620       1,308,687  
Harris Corp.
    45,732       1,323,484  
Nokia Oyj
    655,135       7,662,077  
QUALCOMM, Inc.
    724,835       28,203,330  
Research In Motion, Ltd.(1)
    124,600       5,366,522  
Riverbed Technology, Inc.(1)
    80,237       1,049,500  
                 
            $ 62,056,981  
                 
Computers & Peripherals — 5.2%
               
Apple, Inc.(1)
    387,722     $ 40,757,337  
Dell, Inc.(1)
    314,244       2,979,033  
Hewlett-Packard Co.
    241,463       7,741,304  
International Business Machines Corp.
    87,667       8,494,056  
Mitsumi Electric Co., Ltd.
    38,000       555,058  
NEC Corp.(1)
    122,000       331,810  
Seagate Technology
    303,843       1,826,096  
                 
            $ 62,684,694  
                 
Construction & Engineering — 0.4%
               
Bouygues SA
    25,787     $ 921,498  
Chiyoda Corp.
    78,000       422,253  
Fluor Corp.
    9,129       315,407  
Granite Construction, Inc.
    21,951       822,723  
Hochtief AG
    28,374       1,068,960  
JGC Corp.
    69,000       796,723  
Obayashi Corp.
    212,000       1,034,357  
                 
            $ 5,381,921  
                 
Construction Materials — 0.2%
               
Lafarge SA
    15,932     $ 719,274  
Taiheiyo Cement Corp.
    250,000       368,244  
Vulcan Materials Co.
    24,404       1,080,853  
                 
            $ 2,168,371  
                 
Consumer Finance — 0.2%
               
American Express Co.
    65,608     $ 894,237  
Discover Financial Services
    59,731       376,903  
ORIX Corp.(1)
    10,080       331,747  
 
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Table of Contents

                 
Security   Shares     Value  
SLM Corp.(1)
    97,247     $ 481,373  
Takefuji Corp.
    30,880       146,057  
                 
            $ 2,230,317  
                 
Containers & Packaging — 0.2%
               
Bemis Co., Inc.
    27,217     $ 570,740  
Rexam PLC
    321,632       1,242,891  
Toyo Seikan Kaisha, Ltd.
    51,400       758,710  
                 
            $ 2,572,341  
                 
Distributors — 0.3%
               
Canon Marketing Japan, Inc.
    39,000     $ 549,419  
Genuine Parts Co.
    56,294       1,680,939  
LKQ Corp.(1)
    61,787       881,700  
                 
            $ 3,112,058  
                 
Diversified Consumer Services — 0.1%
               
H&R Block, Inc.
    65,199     $ 1,185,970  
                 
            $ 1,185,970  
                 
Diversified Financial Services — 1.1%
               
CME Group, Inc.
    8,790     $ 2,165,768  
Fortis
    814,958       1,488,991  
Groupe Bruxelles Lambert SA
    6,437       437,043  
JPMorgan Chase & Co.
    285,692       7,593,693  
Moody’s Corp.
    76,959       1,763,900  
                 
            $ 13,449,395  
                 
Diversified Telecommunication Services — 3.8%
               
AT&T, Inc.
    317,811     $ 8,008,837  
Deutsche Telekom AG
    506,497       6,273,463  
France Telecom SA
    274,954       6,268,167  
Frontier Communications Corp.
    88,967       638,783  
Nippon Telegraph & Telephone Corp.
    10,100       385,464  
Telefonica SA
    796,352       15,880,305  
Verizon Communications, Inc.
    246,478       7,443,636  
Windstream Corp.
    100,356       808,869  
                 
            $ 45,707,524  
                 
Electric Utilities — 2.1%
               
Duke Energy Corp.
    129,531     $ 1,854,884  
E.ON AG
    283,085       7,851,107  
Edison International
    145,468       4,190,933  
Enel SpA
    1,137,993       5,456,977  
Hokkaido Electric Power Co.
    13,500       271,460  
Iberdrola SA
    371,167       2,603,739  
Kyushu Electric Power Co., Inc.
    13,400       300,862  
 
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Table of Contents

                 
Security   Shares     Value  
Shikoku Electric Power Co.
    6,300     $ 168,254  
Tokyo Electric Power Co., Inc.
    21,001       524,891  
Union Fenosa SA
    61,836       1,477,598  
                 
            $ 24,700,705  
                 
Electrical Equipment — 1.1%
               
ABB, Ltd.(1)
    433,638     $ 6,047,845  
Cooper Industries, Ltd., Class A
    30,705       794,031  
Emerson Electric Co.
    127,413       3,641,464  
Energy Conversion Devices, Inc.(1)
    7,332       97,296  
First Solar, Inc.(1)
    18,250       2,421,775  
Fujikura, Ltd.
    69,000       192,388  
Suntech Power Holdings Co., Ltd. ADR(1)
    19,232       224,822  
                 
            $ 13,419,621  
                 
Electronic Equipment, Instruments & Components — 0.9%
               
Hoya Corp.
    13,600     $ 270,661  
Ibiden Co., Ltd.
    16,500       403,607  
Keyence Corp.
    2,310       437,021  
Kyocera Corp.
    73,234       4,888,300  
Mabuchi Motor Co., Ltd.
    10,900       443,962  
Nippon Electric Glass Co., Ltd.
    40,000       283,701  
Omron Corp.
    16,500       195,706  
Taiyo Yuden Co., Ltd.
    125,000       962,483  
TDK Corp.
    63,500       2,400,286  
Yaskawa Electric Corp.
    50,000       218,877  
                 
            $ 10,504,604  
                 
Energy Equipment & Services — 0.6%
               
CARBO Ceramics, Inc.
    29,215     $ 830,875  
Complete Production Services, Inc.(1)
    41,752       128,596  
Halliburton Co.
    130,037       2,011,672  
Schlumberger, Ltd.
    59,785       2,428,467  
Transocean, Ltd.(1)
    28,078       1,652,110  
Willbros Group, Inc.(1)
    25,872       250,958  
                 
            $ 7,302,678  
                 
Food & Staples Retailing — 2.3%
               
Circle K Sunkus Co., Ltd.
    16,500     $ 235,223  
CVS Caremark Corp.
    191,781       5,272,060  
Familymart Co., Ltd.
    10,600       322,765  
Koninklijke Ahold NV
    122,728       1,344,205  
Kroger Co. (The)
    115,650       2,454,093  
Lawson, Inc.
    5,300       220,161  
Metro AG
    28,658       944,890  
Safeway, Inc.
    20,338       410,624  
 
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Table of Contents

                 
Security   Shares     Value  
Seven & I Holdings Co., Ltd.
    88,400     $ 1,951,612  
Sysco Corp.
    99,048       2,258,294  
UNY Co., Ltd.
    52,000       412,306  
Wal-Mart Stores, Inc.
    216,471       11,278,139  
                 
            $ 27,104,372  
                 
Food Products — 3.0%
               
Cadbury PLC
    63,336     $ 477,744  
Campbell Soup Co.
    17,968       491,604  
ConAgra Foods, Inc.
    77,043       1,299,715  
H.J. Heinz Co.
    59,510       1,967,401  
Hershey Co. (The)
    54,133       1,881,122  
Kraft Foods, Inc., Class A
    88,500       1,972,665  
Lindt & Spruengli AG
    353       472,220  
Nestle SA
    558,806       18,878,906  
Nippon Suisan Kaisha, Ltd.
    181,600       478,181  
Nissin Foods Holdings Co., Ltd.
    11,700       346,438  
Toyo Suisan Kaisha, Ltd.
    15,000       309,505  
Unilever NV
    368,724       7,264,289  
Yakult Honsha Co., Ltd.
    11,000       196,830  
                 
            $ 36,036,620  
                 
Gas Utilities — 0.8%
               
Gas Natural SDG SA
    45,614     $ 624,588  
GDF Suez
    234,378       8,037,895  
Snam Rete Gas
    260,064       1,395,411  
                 
            $ 10,057,894  
                 
Health Care Equipment & Supplies — 1.4%
               
Boston Scientific Corp.(1)
    231,022     $ 1,836,625  
Cooper Cos., Inc. (The)
    16,718       442,024  
Covidien, Ltd.
    84,924       2,822,874  
Edwards Lifesciences Corp.(1)
    7,026       425,986  
Hologic, Inc.(1)
    67,694       886,114  
Immucor, Inc.(1)
    43,389       1,091,233  
Intuitive Surgical, Inc.(1)
    17,782       1,695,692  
Medtronic, Inc.
    159,154       4,690,268  
Olympus Optical Corp.
    37,000       603,788  
Terumo Corp.
    65,400       2,429,331  
                 
            $ 16,923,935  
                 
Health Care Providers & Services — 1.1%
               
DaVita, Inc.(1)
    22,729     $ 998,940  
Humana, Inc.(1)
    35,364       922,293  
IMS Health, Inc.
    20,213       252,056  
Laboratory Corp. of America Holdings(1)
    22,532       1,317,897  
 
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Table of Contents

                 
Security   Shares     Value  
Lincare Holdings, Inc.(1)
    56,738     $ 1,236,888  
McKesson Corp.
    85,303       2,989,017  
Medco Health Solutions, Inc.(1)
    77,226       3,192,523  
UnitedHealth Group, Inc.
    113,398       2,373,420  
                 
            $ 13,283,034  
                 
Hotels, Restaurants & Leisure — 1.1%
               
Accor SA
    26,214     $ 912,338  
Carnival Corp., Unit
    22,815       492,804  
International Game Technology
    64,170       591,647  
Marriott International, Inc., Class A
    107,229       1,754,266  
Starbucks Corp.(1)
    318,156       3,534,713  
Starwood Hotels & Resorts Worldwide, Inc.
    54,114       687,248  
Wynn Resorts, Ltd.(1)
    27,627       551,711  
Yum! Brands, Inc.
    157,714       4,333,981  
                 
            $ 12,858,708  
                 
Household Durables — 0.6%
               
Casio Computer Co., Ltd.
    77,300     $ 552,887  
Makita Corp.
    9,200       210,112  
Ryland Group, Inc.
    37,074       617,653  
Sekisui Chemical Co., Ltd.
    122,000       609,363  
Sharp Corp.
    88,000       704,195  
Snap-On, Inc.
    15,120       379,512  
Sony Corp.
    81,400       1,683,717  
Stanley Works (The)
    48,688       1,417,795  
Whirlpool Corp.
    36,102       1,068,258  
                 
            $ 7,243,492  
                 
Household Products — 1.3%
               
Clorox Co. (The)
    36,298     $ 1,868,621  
Colgate-Palmolive Co.
    28,351       1,672,142  
Kao Corp.
    108,654       2,120,100  
Procter & Gamble Co.
    192,358       9,058,138  
Uni-Charm Corp.
    8,500       516,674  
                 
            $ 15,235,675  
                 
Independent Power Producers & Energy Traders — 0.1%
               
AES Corp. (The)(1)
    97,536     $ 566,684  
NRG Energy, Inc.(1)
    39,661       698,034  
                 
            $ 1,264,718  
                 
Industrial Conglomerates — 1.6%
               
3M Co.
    82,273     $ 4,090,614  
General Electric Co.
    616,068       6,228,447  
Hankyu Hanshin Holdings, Inc.
    39,128       177,945  
 
8


Table of Contents

                 
Security   Shares     Value  
Siemens AG
    155,733     $ 8,890,734  
Textron, Inc.
    29,211       167,671  
                 
            $ 19,555,411  
                 
Insurance — 3.3%
               
ACE, Ltd.
    70,355     $ 2,842,342  
Aioi Insurance Co., Ltd.
    108,000       420,508  
Allianz SE
    85,301       7,139,908  
AON Corp.
    81,816       3,339,729  
AXA SA
    428,404       5,141,894  
Cincinnati Financial Corp.
    140,338       3,209,530  
CNP Assurances
    14,204       895,792  
Corporacion Mapfre SA
    200,954       440,042  
Marsh & McLennan Cos., Inc.
    111,769       2,263,322  
MetLife, Inc.
    112,391       2,559,143  
Muenchener Rueckversicherungs-Gesellschaft AG
    47,495       5,783,276  
Nipponkoa Insurance Co., Ltd.
    39,000       225,810  
Old Mutual PLC
    3,533,145       2,630,317  
RSA Insurance Group PLC
    330,365       616,056  
Sony Financial Holdings, Inc.
    136       366,792  
T & D Holdings, Inc.
    34,550       841,453  
TrygVesta AS
    13,598       688,060  
                 
            $ 39,403,974  
                 
Internet & Catalog Retail — 0.6%
               
Amazon.com, Inc.(1)
    92,872     $ 6,820,520  
Liberty Media Corp. - Interactive, Class A(1)
    269,363       781,153  
                 
            $ 7,601,673  
                 
Internet Software & Services — 2.4%
               
Akamai Technologies, Inc.(1)
    49,843     $ 966,954  
Ariba, Inc.(1)
    55,338       483,101  
eBay, Inc.(1)
    265,244       3,331,465  
Google, Inc., Class A(1)
    51,959       18,084,850  
MercadoLibre, Inc.(1)
    23,884       443,048  
Omniture, Inc.(1)
    29,159       384,607  
VeriSign, Inc.(1)
    132,262       2,495,784  
Yahoo!, Inc.(1)
    170,044       2,178,264  
                 
            $ 28,368,073  
                 
IT Services — 1.2%
               
Accenture, Ltd., Class A
    22,699     $ 623,996  
CapGemini SA
    47,121       1,514,426  
Cognizant Technology Solutions Corp.(1)
    179,418       3,730,100  
CSK Holdings Corp.(1)
    126,500       315,032  
Fidelity National Information Services, Inc.
    51,873       944,089  
 
9


Table of Contents

                 
Security   Shares     Value  
Infosys Technologies, Ltd. ADR
    107,814     $ 2,871,087  
MasterCard, Inc., Class A
    5,421       907,909  
Nomura Research Institute, Ltd.
    14,000       219,762  
NTT Data Corp.
    731       2,002,545  
Obic Co., Ltd.
    2,060       259,577  
Otsuka Corp.
    4,700       175,746  
Western Union Co.
    89,601       1,126,285  
                 
            $ 14,690,554  
                 
Leisure Equipment & Products — 0.2%
               
Hasbro, Inc.
    26,234     $ 657,686  
Mattel, Inc.
    31,709       365,605  
Nikon Corp.
    75,000       853,581  
Sankyo Co., Ltd.
    4,000       174,814  
Sega Sammy Holdings, Inc.
    36,300       321,992  
                 
            $ 2,373,678  
                 
Life Sciences Tools & Services — 0.1%
               
PerkinElmer, Inc.
    27,425     $ 350,217  
Thermo Fisher Scientific, Inc.(1)
    36,262       1,293,466  
                 
            $ 1,643,683  
                 
Machinery — 1.8%
               
AGCO Corp.(1)
    30,980     $ 607,208  
Caterpillar, Inc.
    46,992       1,313,896  
Dover Corp.
    15,298       403,561  
Eaton Corp.
    46,216       1,703,522  
Fanuc, Ltd.
    63,627       4,351,897  
Hitachi Construction Machinery Co., Ltd.
    82,900       1,094,478  
Ingersoll-Rand Co., Ltd., Class A
    141,103       1,947,221  
Japan Steel Works, Ltd.
    135,000       1,287,074  
Kawasaki Heavy Industries, Ltd.
    107,000       214,811  
Komatsu, Ltd.
    93,000       1,029,209  
Kurita Water Industries, Ltd.
    14,700       286,081  
MAN AG
    18,989       824,255  
Minebea Co., Ltd.
    67,127       247,247  
Mitsui Engineering & Shipbuilding Co., Ltd.
    266,000       449,700  
NGK Insulators, Ltd.
    91,000       1,423,293  
NSK, Ltd.
    96,000       372,625  
NTN Corp.
    195,000       553,400  
Pall Corp.
    30,660       626,384  
Parker Hannifin Corp.
    13,311       452,308  
Sandvik AB
    140,200       803,128  
 
10


Table of Contents

                 
Security   Shares     Value  
Scania AB, Class B
    77,000     $ 626,642  
SMC Corp.
    3,400       331,371  
Titan International, Inc.
    23,159       116,490  
                 
            $ 21,065,801  
                 
Marine — 0.1%
               
Mitsui O.S.K. Lines, Ltd.
    131,000     $ 648,312  
                 
            $ 648,312  
                 
Media — 2.4%
               
British Sky Broadcasting Group PLC
    561,886     $ 3,487,460  
CBS Corp., Class B
    203,865       782,842  
Comcast Corp., Class A
    888,706       12,121,950  
Comcast Corp., Special Class A
    144,653       1,861,684  
Daily Mail & General Trust NV, Class A
    123,299       412,791  
Focus Media Holding, Ltd. ADR(1)
    44,518       302,722  
Gannett Co., Inc.
    51,742       113,832  
Lagardere SCA
    18,033       506,028  
Omnicom Group, Inc.
    109,132       2,553,689  
Publicis Groupe
    82,745       2,121,179  
Walt Disney Co. (The)
    218,622       3,970,176  
Wolters Kluwer NV
    39,260       636,392  
                 
            $ 28,870,745  
                 
Metals & Mining — 1.8%
               
Alcoa, Inc.
    129,184     $ 948,211  
Anglo American PLC
    148,533       2,529,317  
Antofagasta PLC
    299,210       2,165,304  
ArcelorMittal
    142,034       2,898,012  
JFE Holdings, Inc.
    8,400       185,415  
Kobe Steel, Ltd.
    216,000       279,321  
Lonmin PLC
    36,876       753,868  
Mitsubishi Materials Corp.
    284,000       773,616  
Mitsui Mining & Smelting Co., Ltd.(1)
    112,000       186,340  
Newmont Mining Corp.
    34,446       1,541,803  
Norsk Hydro ASA
    335,400       1,262,069  
Pacific Metals Co., Ltd.
    42,000       186,397  
Rio Tinto PLC
    160,570       5,391,638  
Sumitomo Metal Industries, Ltd.
    112,000       227,302  
Sumitomo Metal Mining Co., Ltd.
    80,000       769,163  
Toho Zinc Co., Ltd.
    117,000       300,260  
United States Steel Corp.
    40,717       860,350  
                 
            $ 21,258,386  
                 
 
11


Table of Contents

                 
Security   Shares     Value  
Multiline Retail — 0.9%
               
Hankyu Department Stores
    29,000     $ 167,204  
Kohl’s Corp.(1)
    35,420       1,498,974  
Marks & Spencer Group PLC
    751,108       3,184,398  
PPR SA
    27,056       1,734,567  
Sears Holdings Corp.(1)
    41,037       1,875,801  
Target Corp.
    70,056       2,409,226  
                 
            $ 10,870,170  
                 
Multi-Utilities — 1.2%
               
Centrica PLC
    307,754     $ 1,004,611  
CMS Energy Corp.
    312,086       3,695,098  
Consolidated Edison, Inc.
    32,494       1,287,087  
Dominion Resources, Inc.
    34,329       1,063,856  
NorthWestern Corp.
    25,742       552,938  
Public Service Enterprise Group, Inc.
    144,782       4,266,726  
United Utilities Group PLC
    331,644       2,298,788  
                 
            $ 14,169,104  
                 
Office Electronics — 0.3%
               
Brother Industries, Ltd.
    31,000     $ 229,804  
Canon, Inc.
    43,600       1,271,020  
Konica Minolta Holdings, Inc.
    90,000       784,493  
Ricoh Co., Ltd.
    59,000       713,423  
                 
            $ 2,998,740  
                 
Oil, Gas & Consumable Fuels — 9.4%
               
Anadarko Petroleum Corp.
    39,019     $ 1,517,449  
BP PLC
    2,335,205       15,658,450  
Chevron Corp.
    135,963       9,142,152  
ConocoPhillips
    144,488       5,658,150  
El Paso Corp.
    56,715       354,469  
ENI SpA
    426,500       8,257,992  
Exxon Mobil Corp.
    327,392       22,295,395  
Foundation Coal Holdings, Inc.
    32,272       463,103  
Goodrich Petroleum Corp.(1)
    6,636       128,473  
Hess Corp.
    20,723       1,123,187  
Idemitsu Kosan Co., Ltd.
    3,100       234,184  
Independent Tankers Corp., Ltd.(1)
    215       96  
Nippon Mining Holdings, Inc.
    118,000       472,977  
Peabody Energy Corp.
    48,072       1,203,723  
Petrohawk Energy Corp.(1)
    46,910       902,079  
Royal Dutch Shell PLC, Class A
    521,693       11,728,064  
Royal Dutch Shell PLC, Class B
    414,555       9,018,591  
Southwestern Energy Co.(1)
    24,167       717,518  
 
12


Table of Contents

                 
Security   Shares     Value  
Suncor Energy, Inc.
    65,964     $ 1,465,060  
TonenGeneral Sekiyu KK
    39,000       382,162  
Total SA
    356,989       17,652,890  
Williams Cos., Inc.
    159,612       1,816,385  
XTO Energy, Inc.
    77,523       2,373,754  
                 
            $ 112,566,303  
                 
Paper & Forest Products — 0.1%
               
International Paper Co.
    57,584     $ 405,391  
Mondi PLC
    1       2  
OJI Paper Co., Ltd.
    143,000       585,824  
                 
            $ 991,217  
                 
Personal Products — 0.3%
               
Alberto-Culver Co.
    11,849     $ 267,906  
Beiersdorf AG
    28,716       1,286,115  
Estee Lauder Cos., Inc., Class A
    41,517       1,023,394  
Oriflame Cosmetics SA
    29,484       920,547  
USANA Health Services, Inc.(1)
    9,533       213,158  
                 
            $ 3,711,120  
                 
Pharmaceuticals — 9.0%
               
Abbott Laboratories
    155,754     $ 7,429,466  
Allergan, Inc.
    41,914       2,001,813  
Astellas Pharma, Inc.
    84,600       2,618,042  
AstraZeneca PLC
    219,194       7,762,759  
Chugai Pharmaceuticals Co., Ltd.
    52,900       901,198  
Daiichi Sankyo Co., Ltd.
    82,300       1,383,712  
Eisai Co., Ltd.
    70,946       2,088,269  
Eli Lilly & Co.
    66,581       2,224,471  
Endo Pharmaceuticals Holdings, Inc.(1)
    42,910       758,649  
GlaxoSmithKline PLC
    758,256       11,809,615  
Johnson & Johnson
    175,703       9,241,978  
King Pharmaceuticals, Inc.(1)
    86,183       609,314  
Medicines Co.(1)
    28,661       310,685  
Merck & Co., Inc.
    167,343       4,476,425  
Mylan, Inc.(1)
    78,674       1,055,018  
Novartis AG
    281,243       10,640,425  
Ono Pharmaceutical Co., Ltd.
    14,100       618,830  
Pfizer, Inc.
    554,173       7,547,836  
Roche Holding AG
    91,418       12,547,134  
Sanofi-Aventis SA
    172,863       9,701,268  
Santen Pharmaceutical Co., Ltd.
    17,000       474,163  
Schering-Plough Corp.
    164,819       3,881,487  
Shionogi & Co., Ltd.
    56,000       965,259  
 
13


Table of Contents

                 
Security   Shares     Value  
Shire PLC
    52,086     $ 637,852  
Takeda Pharmaceutical Co., Ltd.
    61,231       2,124,383  
Tanabe Seiyaku Co., Ltd.
    28,000       278,748  
Wyeth
    99,104       4,265,436  
                 
            $ 108,354,235  
                 
Professional Services — 0.2%
               
Equifax, Inc.
    15,217     $ 372,056  
Manpower, Inc.
    13,198       416,133  
Monster Worldwide, Inc.(1)
    92,909       757,208  
Robert Half International, Inc.
    73,835       1,316,478  
                 
            $ 2,861,875  
                 
Real Estate Investment Trusts (REITs) — 0.2%
               
British Land Co. PLC
    87,921     $ 454,291  
Japan Real Estate Investment Corp.
    50       384,110  
Japan Retail Fund Investment Corp.
    50       191,522  
Nippon Building Fund, Inc.
    50       432,149  
Simon Property Group, Inc.
    36,625       1,268,690  
                 
            $ 2,730,762  
                 
Real Estate Management & Development — 0.1%
               
Daito Trust Construction Co., Ltd.
    5,400     $ 182,044  
Heiwa Real Estate Co., Ltd.
    448,500       984,069  
LEOPALACE21 Corp.
    66,600       398,206  
                 
            $ 1,564,319  
                 
Road & Rail — 0.7%
               
Central Japan Railway Co.
    79     $ 445,467  
CSX Corp.
    48,354       1,249,951  
East Japan Railway Co.
    12,600       656,891  
JB Hunt Transport Services, Inc.
    116,477       2,808,260  
Keio Corp.
    139,000       791,505  
Kinetsu Corp.
    91,000       378,296  
Norfolk Southern Corp.
    41,055       1,385,606  
Ryder System, Inc.
    14,154       400,700  
Tobu Railway Co., Ltd.
    154,000       781,289  
                 
            $ 8,897,965  
                 
Semiconductors & Semiconductor Equipment — 3.3%
               
Advantest Corp.
    110,000     $ 1,661,023  
Applied Materials, Inc.
    477,645       5,134,684  
Atheros Communications, Inc.(1)
    66,024       967,912  
Broadcom Corp., Class A(1)
    117,049       2,338,639  
Cavium Networks, Inc.(1)
    124,631       1,438,242  
Cypress Semiconductor Corp.(1)
    179,441       1,214,816  
 
14


Table of Contents

                 
Security   Shares     Value  
Intel Corp.
    843,908     $ 12,700,815  
KLA-Tencor Corp.
    138,609       2,772,180  
MEMC Electronic Materials, Inc.(1)
    52,752       869,880  
Microchip Technology, Inc.
    139,305       2,951,873  
National Semiconductor Corp.
    69,755       716,384  
NVIDIA Corp.(1)
    180,137       1,776,151  
ON Semiconductor Corp.(1)
    150,228       585,889  
ROHM Co., Ltd.
    4,700       234,825  
Shinko Electric Industries
    44,200       425,790  
Sumco Corp.
    42,900       639,117  
Tessera Technologies, Inc.(1)
    81,309       1,087,101  
Tokyo Electron, Ltd.
    62,500       2,340,857  
                 
            $ 39,856,178  
                 
Software — 5.3%
               
BMC Software, Inc.(1)
    31,383     $ 1,035,639  
Check Point Software Technologies, Ltd.(1)
    149,951       3,330,412  
Citrix Systems, Inc.(1)
    92,876       2,102,713  
Compuware Corp.(1)
    52,384       345,211  
Concur Technologies, Inc.(1)
    23,180       444,824  
Konami Corp.
    47,400       720,801  
Microsoft Corp.
    1,431,537       26,297,335  
Nintendo Co., Ltd.
    1,600       468,051  
Oracle Corp.(1)
    1,042,819       18,843,739  
Oracle Corp. Japan
    15,200       577,657  
Red Hat, Inc.(1)
    19,525       348,326  
Symantec Corp.(1)
    420,373       6,280,373  
TiVo, Inc.(1)
    108,706       765,290  
Trend Micro, Inc.
    63,397       1,811,039  
                 
            $ 63,371,410  
                 
Specialty Retail — 1.8%
               
AutoNation, Inc.(1)
    104,541     $ 1,451,029  
Best Buy Co., Inc.
    57,465       2,181,371  
Fast Retailing Co., Ltd.
    63,100       7,224,913  
Home Depot, Inc.
    114,605       2,700,094  
Isetan Mitsukoshi Holdings, Ltd., Class L
    71,332       552,024  
Limited Brands, Inc.
    36,921       321,213  
Nitori Co., Ltd.
    3,950       221,078  
O’Reilly Automotive, Inc.(1)
    32,951       1,153,615  
Staples, Inc.
    222,003       4,020,474  
Tiffany & Co.
    33,012       711,739  
 
15


Table of Contents

                 
Security   Shares     Value  
TJX Companies., Inc. (The)
    25,596     $ 656,281  
Urban Outfitters, Inc.(1)
    30,282       495,716  
Yamada Denki Co., Ltd.
    4,660       183,907  
                 
            $ 21,873,454  
                 
Textiles, Apparel & Luxury Goods — 0.9%
               
Burberry Group PLC
    689,590     $ 2,781,312  
Christian Dior SA
    12,210       668,822  
Coach, Inc.(1)
    38,372       640,812  
Compagnie Financiere Richemont AG, Class A
    52,670       822,364  
Hanesbrands, Inc.(1)
    4,073       38,979  
Nike, Inc., Class B
    79,633       3,733,991  
Nisshinbo Industries, Inc.
    172,000       1,639,401  
Swatch Group AG, Class B
    6,168       743,920  
                 
            $ 11,069,601  
                 
Tobacco — 1.8%
               
Altria Group, Inc.
    154,248     $ 2,471,053  
British American Tobacco PLC
    280,829       6,487,396  
Imperial Tobacco Group PLC
    232,493       5,221,423  
Japan Tobacco, Inc.
    478       1,277,782  
Philip Morris International, Inc.
    138,852       4,940,354  
Swedish Match AB
    64,387       931,233  
                 
            $ 21,329,241  
                 
Trading Companies & Distributors — 0.2%
               
Marubeni Corp.
    55,000     $ 173,224  
Mitsubishi Corp.
    79,800       1,057,887  
Sumitomo Corp.
    153,500       1,333,836  
                 
            $ 2,564,947  
                 
Transportation Infrastructure — 0.2%
               
ADP
    11,573     $ 616,145  
Societe des Autoroutes Paris-Rhin-Rhone
    18,585       1,185,438  
                 
            $ 1,801,583  
                 
Water Utilities — 0.1%
               
Severn Trent PLC
    52,773     $ 748,949  
                 
            $ 748,949  
                 
Wireless Telecommunication Services — 1.6%
               
KDDI Corp.
    624     $ 2,938,504  
NTT DoCoMo, Inc.
    121       164,855  
 
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Security   Shares     Value  
Rogers Communications, Inc., Class B
    48,136     $ 1,098,945  
Softbank Corp.
    194,798       2,508,747  
Vodafone Group PLC
    7,274,719       12,683,153  
                 
            $ 19,394,204  
                 
                 
Total Common Stocks
(identified cost $1,514,174,891)
          $ 1,242,328,478  
                 
 
Investment Funds — 0.1%
 
                 
Security    Shares     Value  
Alliance Trust PLC (The)
       163,948     $ 624,788  
                 
                 
Total Investment Funds
(identified cost $683,209)
          $ 624,788  
                 
 
Rights — 0.0%
 
                 
Security    Shares     Value  
Diversified Financial Services — 0.0%
               
Fortis, Expires 7/1/14(1)
    111,868     $ 0  
                 
            $ 0  
                 
Insurance — 0.0%
               
Corporacion Mapfre SA, Expires 4/1/09(1)
    200,954     $ 2,670  
                 
            $ 2,670  
                 
                 
Total Rights
(identified cost $0)
          $ 2,670  
                 
                 
Total Investments — 103.5%
(identified cost $1,514,858,100)
          $ 1,242,955,936  
                 
 
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Covered Call Options Written — (4.2)%
 
                                 
    Number
    Strike
    Expiration
       
Description   of Contracts     Price     Date     Value  
AMEX EUROTOP 100 Index
    12,662     $ 154       4/14/09     $ (8,278,416 )
Dow Jones Euro Stoxx 50 Index
    43,291     EUR 2,050       4/17/09       (4,325,235 )
FTSE 100 Index
    11,583     GBP 3,900       4/17/09       (2,152,273 )
NASDAQ 100 Index
    1,827     $ 1,225       4/18/09       (8,586,900 )
NASDAQ 100 Index
    354     $ 1,235       4/18/09       (1,380,600 )
Nikkei 225 Index
    1,488,681     JPY 7,500       4/10/09       (10,704,956 )
S&P 500 Index
    1,327     $ 785       4/18/09       (4,511,800 )
S&P 500 Index
    2,846     $ 790       4/18/09       (8,395,700 )
S&P 500 Index
    883     $ 815       4/18/09       (1,589,400 )
SMI Index
    5,132     CHF 4,900       4/17/09       (656,434 )
                                 
         
Total Covered Call Options Written
(premiums received $35,510,902)
  $ (50,581,714 )
         
         
Other Assets, Less Liabilities — 0.7%
  $ 8,715,986  
         
         
Net Assets — 100.0%
  $ 1,201,090,208  
         
 
             
         
ADR
  -   American Depository Receipt
         
CHF
  -   Swiss Franc
         
EUR
  -   Euro
         
GBP
  -   British Pound Sterling
         
JPY
  -   Japanese Yen
         
(1)
      Non-income producing security.
 
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Country Concentration of Portfolio
 
                 
    Percentage
       
Country   of Net Assets     Value  
United States
    56.8 %   $ 681,903,698  
Japan
    10.8       130,073,216  
United Kingdom
    9.8       117,251,256  
France
    6.2       74,675,965  
Switzerland
    4.9       59,277,127  
Germany
    4.9       58,261,416  
Spain
    2.7       32,038,437  
Netherlands
    2.0       23,623,177  
Italy
    1.9       22,963,735  
Canada
    0.9       11,515,974  
Finland
    0.6       7,662,077  
Luxembourg
    0.3       3,818,559  
Bermuda
    0.3       3,365,344  
Israel
    0.3       3,330,412  
Other Countries, less than 0.3% each
    1.1       13,195,543  
                 
      103.5 %   $ 1,242,955,936  
                 
 
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The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2009, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 1,515,053,557  
         
Gross unrealized appreciation
  $ 64,731,056  
Gross unrealized depreciation
    (336,828,677 )
         
Net unrealized depreciation
  $ (272,097,621 )
         
 
Written call options activity for the fiscal year to date ended March 31, 2009 was as follows:
 
                 
    Number of
    Premiums
 
    Contracts     Received  
Outstanding, beginning of period
    1,731,429     $ 46,546,455  
Options written
    4,627,222       121,845,731  
Options terminated in closing purchase transactions
    (4,753,982 )     (117,180,918 )
Options expired
    (36,083 )     (15,700,366 )
                 
Outstanding, end of period
    1,568,586     $ 35,510,902  
                 
 
All of the assets of the Fund are subject to segregation to satisfy the requirements of the escrow agent. At March 31, 2009, 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 objective. 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, 2009, the aggregate fair value of derivative instruments in a liability position and whose primary underlying risk exposure is equity price risk was $50,581,714.
 
Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements”, 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 March 31, 2009, the inputs used in valuing the Fund’s investments, which are carried at value, were as follows:
 
                     
        Investments in
    Other Financial
 
    Valuation Inputs   Securities     Instruments*  
Level 1
  Quoted Prices   $ 713,527,794     $ (39,876,758 )
Level 2
  Other Significant Observable Inputs     529,428,142       (10,704,956 )
Level 3
  Significant Unobservable Inputs            
                     
Total
      $ 1,242,955,936     $ (50,581,714 )
                     
 
* Other financial instruments include written call options.
 
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The Fund held no investments or other financial instruments as of December 31, 2008 whose fair value was determined using Level 3 inputs.
 
Exchange-traded options are valued at the last sale price for the day of valuation as quoted on any exchange on which the option is listed or, in the absence of sales on such date, at the mean between the closing bid and asked prices therefore as reported by the Options Price Reporting Authority. Over-the-counter options are valued based on broker quotations, when available and deemed reliable.
 
For additional information on the Fund’s policy regarding 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 20, 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:
  May 20, 2009    
 
         
By:
  /s/ Barbara E. Campbell    
         
    Barbara E. Campbell    
    Treasurer    
         
Date:
  May 20, 2009