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)
The Eaton Vance Building, 255 State Street, Boston, Massachusetts 02109
(Address of Principal Executive Offices)
Alan R. Dynner, Esq.
Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109
(Name and Address of Agent for Services)
(617) 482-8260
(Registrant’s Telephone Number, Including Area Code)
March 31
Date of Fiscal Year End
December 31, 2004
Date of Reporting Period
Item 1. Schedule of Investments
|
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund |
as of December 31, 2004 |
|
PORTFOLIO OF INVESTMENTS (Unaudited) |
|
|
Common Stocks — 114.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Shares |
|
Value |
|
|
|
Banking — 5.0% |
|
|
|
|
|
|
|
Bank of Nova Scotia (1) |
|
300,000 |
|
$ |
10,155,000 |
|
|
Barclays PLC ADR |
|
125,000 |
|
5,710,000 |
|
|
|
Canadian Imperial Bank of Commerce (1) |
|
10,934 |
|
659,152 |
|
|
|
|
|
|
|
$ |
16,524,152 |
|
|
|
|
|
|
|
|
|
|
Broadcasting and Cable — 0.1% |
|
|
|
|
|
|
|
Capital Radio PLC (1) |
|
45,000 |
|
$ |
380,140 |
|
|
|
|
|
|
$ |
380,140 |
|
|
|
|
|
|
|
|
|
|
Chemicals — 1.8% |
|
|
|
|
|
|
|
Lyondell Chemical Co. |
|
200,000 |
|
$ |
5,784,000 |
|
|
|
|
|
|
$ |
5,784,000 |
|
|
|
|
|
|
|
|
|
|
Coal — 3.9% |
|
|
|
|
|
|
|
Fording Canadian Coal Trust (1) |
|
140,000 |
|
$ |
10,801,000 |
|
|
Peabody Energy Corp. |
|
25,000 |
|
2,022,750 |
|
|
|
|
|
|
|
$ |
12,823,750 |
|
|
|
|
|
|
|
|
|
|
Communications Services — 0.8% |
|
|
|
|
|
|
|
Citizens Communications Co. |
|
200,000 |
|
$ |
2,758,000 |
|
|
|
|
|
|
$ |
2,758,000 |
|
|
|
|
|
|
|
|
|
|
Diversified Minerals — 1.8% |
|
|
|
|
|
|
|
BHP Billiton Ltd. ADR |
|
250,000 |
|
$ |
6,005,000 |
|
|
|
|
|
|
$ |
6,005,000 |
|
|
|
|
|
|
|
|
|
|
Diversified Telecommunication Services — 9.3% |
|
|
|
|
|
|
|
BCE, Inc. |
|
250,000 |
|
$ |
6,032,500 |
|
|
BellSouth Corp. |
|
200,000 |
|
5,558,000 |
|
|
|
SBC Communications, Inc. |
|
200,000 |
|
5,154,000 |
|
|
|
Telecom Corp. of New Zealand (1) |
|
500,000 |
|
2,217,296 |
|
|
|
Telstra Corp. Ltd. (1) |
|
2,000,000 |
|
7,697,898 |
|
|
|
Verizon Communications, Inc. |
|
100,000 |
|
4,051,000 |
|
|
|
|
|
|
|
$ |
30,710,694 |
|
|
|
|
|
|
|
|
|
|
Drugs — 1.4% |
|
|
|
|
|
|
|
GlaxoSmithKline PLC ADR |
|
100,000 |
|
$ |
4,739,000 |
|
|
|
|
|
|
$ |
4,739,000 |
|
|
|
|
|
|
|
|
|
|
Electrical Equipment — 1.1% |
|
|
|
|
|
|
|
Emerson Electric Co. |
|
50,000 |
|
$ |
3,505,000 |
|
|
|
|
|
|
$ |
3,505,000 |
|
|
|
|
|
|
|
|
|
|
Engineering and Construction — 2.1% |
|
|
|
|
|
|
|
Bouygues SA (1) |
|
150,000 |
|
$ |
6,929,482 |
|
|
|
|
|
|
$ |
6,929,482 |
|
1
|
Health Care - Equipment and Supplies — 0.5% |
|
|
|
|
|
|
|
Baxter International, Inc. |
|
50,000 |
|
$ |
1,727,000 |
|
|
|
|
|
|
$ |
1,727,000 |
|
|
|
|
|
|
|
|
|
|
Lodging and Gaming — 0.5% |
|
|
|
|
|
|
|
Harrah’s Entertainment, Inc. |
|
25,000 |
|
$ |
1,672,250 |
|
|
|
|
|
|
$ |
1,672,250 |
|
|
|
|
|
|
|
|
|
|
Machinery — 1.5% |
|
|
|
|
|
|
|
Caterpillar, Inc. |
|
50,000 |
|
$ |
4,875,500 |
|
|
|
|
|
|
$ |
4,875,500 |
|
|
|
|
|
|
|
|
|
|
Metals - Gold — 2.9% |
|
|
|
|
|
|
|
Freeport-McMoran Copper & Gold, Inc., Class B |
|
250,000 |
|
$ |
9,557,500 |
|
|
|
|
|
|
$ |
9,557,500 |
|
|
|
|
|
|
|
|
|
|
Metals - Industrial — 6.5% |
|
|
|
|
|
|
|
Alumina Ltd. (1) |
|
750,000 |
|
$ |
3,470,064 |
|
|
Anglo American PLC ADR |
|
125,000 |
|
2,973,750 |
|
|
|
Phelps Dodge Corp. |
|
20,000 |
|
1,978,400 |
|
|
|
POSCO ADR |
|
75,000 |
|
3,339,750 |
|
|
|
Rio Tinto PLC ADR |
|
40,000 |
|
4,768,400 |
|
|
|
Southern Peru Copper Corp. (1) |
|
100,000 |
|
4,721,000 |
|
|
|
|
|
|
|
$ |
21,251,364 |
|
|
|
|
|
|
|
|
|
|
Metals & Mining — 0.6% |
|
|
|
|
|
|
|
AngloGold Ashanti Ltd. ADR |
|
50,000 |
|
$ |
1,817,500 |
|
|
|
|
|
|
$ |
1,817,500 |
|
|
|
|
|
|
|
|
|
|
Oil and Gas — 13.4% |
|
|
|
|
|
|
|
BP PLC ADR |
|
175,000 |
|
$ |
10,220,000 |
|
|
ChevronTexaco Corp. |
|
125,000 |
|
6,563,750 |
|
|
|
Enbridge, Inc. |
|
200,000 |
|
9,956,000 |
|
|
|
Statoil ASA (1) |
|
400,000 |
|
6,315,987 |
|
|
|
Total SA ADR |
|
100,000 |
|
10,984,000 |
|
|
|
|
|
|
|
$ |
44,039,737 |
|
|
|
|
|
|
|
|
|
|
Oil and Gas - Equipment and Services — 1.8% |
|
|
|
|
|
|
|
Halliburton Co. |
|
150,000 |
|
$ |
5,886,000 |
|
|
|
|
|
|
$ |
5,886,000 |
|
|
|
|
|
|
|
|
|
|
Oil and Gas - Exploration and Production — 10.3% |
|
|
|
|
|
|
|
Kerr-McGee Corp. |
|
170,000 |
|
$ |
9,824,300 |
|
|
Occidental Petroleum Corp. |
|
150,000 |
|
8,754,000 |
|
|
|
Suncor Energy, Inc. (1) |
|
300,000 |
|
10,620,000 |
|
|
|
Valero Energy Corp. |
|
100,000 |
|
4,540,000 |
|
|
|
|
|
|
|
$ |
33,738,300 |
|
|
|
|
|
|
|
|
|
|
Paper Products — 1.3% |
|
|
|
|
|
|
|
Kimberly-Clark de Mexico SA de CV (1) |
|
1,250,000 |
|
$ |
4,317,305 |
|
|
|
|
|
|
$ |
4,317,305 |
|
|
|
|
|
|
|
|
|
|
Printing and Business Products — 0.8% |
|
|
|
|
|
|
|
Donnelley (R.R.) & Sons Co. |
|
75,000 |
|
$ |
2,646,750 |
|
|
|
|
|
|
$ |
2,646,750 |
|
2
|
REITS — 9.6% |
|
|
|
|
|
|
|
AvalonBay Communities, Inc. |
|
25,000 |
|
$ |
1,882,500 |
|
|
Boston Properties, Inc. |
|
50,000 |
|
3,233,500 |
|
|
|
Developers Diversified Realty Corp. |
|
50,000 |
|
2,218,500 |
|
|
|
Federal Realty Investment Trust |
|
50,000 |
|
2,582,500 |
|
|
|
Liberty Property Trust, Inc. |
|
50,000 |
|
2,160,000 |
|
|
|
Plum Creek Timber Co., Inc. |
|
250,000 |
|
9,610,000 |
|
|
|
Public Storage, Inc. |
|
81,400 |
|
4,538,050 |
|
|
|
Rayonier, Inc. |
|
75,000 |
|
3,668,250 |
|
|
|
Simon Property Group, Inc. |
|
25,000 |
|
1,616,750 |
|
|
|
|
|
|
|
$ |
31,510,050 |
|
|
|
|
|
|
|
|
|
|
Retail - General — 1.3% |
|
|
|
|
|
|
|
May Department Stores Co. (The) |
|
150,000 |
|
$ |
4,410,000 |
|
|
|
|
|
|
$ |
4,410,000 |
|
|
|
|
|
|
|
|
|
|
Shipping — 0.6% |
|
|
|
|
|
|
|
Alexander & Baldwin, Inc. |
|
50,000 |
|
$ |
2,121,000 |
|
|
|
|
|
|
$ |
2,121,000 |
|
|
|
|
|
|
|
|
|
|
Software — 0.3% |
|
|
|
|
|
|
|
Microsoft Corp. |
|
40,000 |
|
$ |
1,068,400 |
|
|
|
|
|
|
$ |
1,068,400 |
|
|
|
|
|
|
|
|
|
|
Telecommunication Services — 1.2% |
|
|
|
|
|
|
|
BT Group PLC (1) |
|
1,000,000 |
|
$ |
3,904,973 |
|
|
|
|
|
|
$ |
3,904,973 |
|
|
|
|
|
|
|
|
|
|
Telecommunications — 3.0% |
|
|
|
|
|
|
|
Sprint Corp. |
|
400,000 |
|
$ |
9,940,000 |
|
|
|
|
|
|
$ |
9,940,000 |
|
|
|
|
|
|
|
|
|
|
Telephone Utilities — 1.2% |
|
|
|
|
|
|
|
Telefonos de Mexico SA ADR |
|
100,000 |
|
$ |
3,832,000 |
|
|
|
|
|
|
$ |
3,832,000 |
|
|
|
|
|
|
|
|
|
|
Tobacco Company — 1.9% |
|
|
|
|
|
|
|
Altria Group, Inc. |
|
100,000 |
|
$ |
6,110,000 |
|
|
|
|
|
|
$ |
6,110,000 |
|
|
|
|
|
|
|
|
|
|
Trucks and Parts — 1.2% |
|
|
|
|
|
|
|
Paccar, Inc. |
|
50,000 |
|
$ |
4,024,000 |
|
|
|
|
|
|
$ |
4,024,000 |
|
|
|
|
|
|
|
|
|
|
Utilities - Electric — 21.8% |
|
|
|
|
|
|
|
ALLETE, Inc. |
|
50,000 |
|
$ |
1,837,500 |
|
|
American Electric Power Co., Inc. |
|
200,000 |
|
6,868,000 |
|
|
|
Dominion Resources, Inc. |
|
150,000 |
|
10,161,000 |
|
|
|
Duke Energy Corp. |
|
50,000 |
|
1,266,500 |
|
|
|
Enel SPA (1) |
|
821,700 |
|
8,077,448 |
|
|
|
Entergy Corp. |
|
125,000 |
|
8,448,750 |
|
|
|
Exelon Corp. |
|
200,000 |
|
8,814,000 |
|
|
|
National Grid Transco PLC (1) |
|
400,000 |
|
3,808,978 |
|
|
|
Pepco Holdings, Inc. |
|
100,000 |
|
2,132,000 |
|
|
|
Pinnacle West Capital Corp. |
|
125,000 |
|
5,551,250 |
|
|
|
Scottish Power PLC (1) |
|
1,250,000 |
|
9,665,816 |
|
|
|
Wisconsin Energy Corp. |
|
150,000 |
|
5,056,500 |
|
|
|
|
|
|
|
$ |
71,687,742 |
|
3
|
Utilities - Electrical and Gas — 1.7% |
|
|
|
|
|
|
|
Edison International |
|
175,000 |
|
$ |
5,605,250 |
|
|
|
|
|
|
$ |
5,605,250 |
|
|
|
|
|
|
|
|
|
|
Utilities - Water — 3.3% |
|
|
|
|
|
|
|
Severn Trent PLC (1) |
|
200,000 |
|
$ |
3,707,582 |
|
|
Veolia Environment (1) |
|
200,000 |
|
7,241,323 |
|
|
|
|
|
|
|
$ |
10,948,905 |
|
|
|
|
|
|
|
|
|
|
Total Common Stocks |
|
|
|
$ |
376,850,744 |
|
|
Preferred Stocks — 25.8% |
|
|
|
|
|
|
Banking — 16.2% |
|
|
|
|
|
|
|
Abbey National PLC, 7.375% (1) |
|
120,500 |
|
$ |
3,259,525 |
|
|
ABN AMRO Capital Funding Trust VII, 6.08% (1) |
|
150,000 |
|
3,763,500 |
|
|
|
Banco Santander, 6.41% (1) (2) |
|
140,000 |
|
3,584,000 |
|
|
|
Barclays Bank PLC, 8.55% (1) (3) (4) |
|
55,000 |
|
6,726,494 |
|
|
|
BNP Paribas Capital Trust, 9.003% (1) (2) (3) (4) |
|
35,000 |
|
4,318,041 |
|
|
|
CA Preferred Fund Trust, 7.00% (1) (3) |
|
55,000 |
|
5,799,425 |
|
|
|
Den Norske Bank, 7.729% (1) (3) (4) |
|
36,000 |
|
4,173,912 |
|
|
|
First Republic Bank, 6.70% |
|
30,000 |
|
783,000 |
|
|
|
HSBC Capital Funding LP, 9.547% (1) (3) (4) |
|
40,000 |
|
4,988,948 |
|
|
|
Lloyds TSB Bank PLC, 6.90% (1) (3) |
|
40,000 |
|
4,227,844 |
|
|
|
Royal Bank of Scotland Group PLC, 9.118% (1) (3) |
|
50,000 |
|
6,211,900 |
|
|
|
UBS Preferred Funding Trust I, 8.622% (1) (2) (3) |
|
43,700 |
|
5,353,123 |
|
|
|
|
|
|
|
$ |
53,189,712 |
|
|
|
|
|
|
|
|
|
|
Foods — 1.4% |
|
|
|
|
|
|
|
Dairy Farmers of America, 7.875%(4) |
|
45,000 |
|
$ |
4,696,875 |
|
|
|
|
|
|
$ |
4,696,875 |
|
|
|
|
|
|
|
|
|
|
Insurance — 7.2% |
|
|
|
|
|
|
|
Ace Ltd., 7.80%(1) |
|
40,000 |
|
$ |
1,067,200 |
|
|
AXA, 7.10% (1) (3) |
|
45,000 |
|
4,755,456 |
|
|
|
ING Capital Funding Trust III, 8.439% (1) (3) |
|
37,500 |
|
4,495,403 |
|
|
|
ING Group NV, 7.20% (1) |
|
80,000 |
|
2,173,600 |
|
|
|
PartnerRe Ltd., 6.50% |
|
120,000 |
|
3,019,200 |
|
|
|
Prudential PLC, 6.50% (1) (3) |
|
20,000 |
|
2,015,308 |
|
|
|
RenaissanceRe Holdings Ltd., 6.08% (1) |
|
148,000 |
|
3,532,760 |
|
|
|
XL Capital Ltd., 7.625% (1) |
|
12,000 |
|
323,160 |
|
|
|
Zurich Regcaps Fund Trust V (1) (2) |
|
2,500 |
|
2,364,063 |
|
|
|
|
|
|
|
$ |
23,746,150 |
|
|
|
|
|
|
|
|
|
|
Investment Services — 0.7% |
|
|
|
|
|
|
|
Lehman Brothers Holdings, Inc., 6.50% (2) |
|
85,000 |
|
$ |
2,306,900 |
|
|
|
|
|
|
$ |
2,306,900 |
|
|
|
|
|
|
|
|
|
|
Utilities - Gas — 0.3% |
|
|
|
|
|
|
|
Southern Union Co., 7.55% |
|
40,000 |
|
$ |
1,118,000 |
|
|
|
|
|
|
$ |
1,118,000 |
|
|
|
|
|
|
|
|
|
|
Total Preferred Stocks |
|
|
|
$ |
85,057,637 |
|
4
|
Commercial Paper — 1.3% |
|
|
|
|
|
|
|
|
Principal |
|
|
|
|
|
Ranger Funding Co., LLC, 2.15%, 1/3/05 |
|
4,099 |
|
$ |
4,098,510 |
|
|
|
|
|
|
|
|
|
|
Total Commercial Paper |
|
|
|
$ |
4,098,510 |
|
|
Short-Term Investments — 1.8% |
|
|
|
|
|
|
Investors Bank and Trust Company Time Deposit, 2.25%, 1/3/05 |
|
5,938 |
|
$ |
5,938,000 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments |
|
|
|
$ |
5,938,000 |
|
|
|
|
|
|
|
|
|
|
Total Investments — 143.4% |
|
|
|
$ |
471,944,891 |
|
|
|
|
|
|
|
|
|
|
Other Assets, Less Liabilities — 0.7% |
|
|
|
$ |
2,356,682 |
|
|
|
|
|
|
|
|
|
|
Auction Preferred Shares Plus Cumulative |
|
|
|
$ |
(145,188,090 |
) |
|
|
|
|
|
|
|
|
|
Net Assets — 100.0% |
|
|
|
$ |
329,113,483 |
|
|
ADR |
- |
American Depository Receipt |
|
|
|
|
|
REIT |
- |
Real Estate Investment Trust |
|
|
|
|
|
(1) |
|
Foreign security. |
|
|
|
|
|
(2) |
|
Variable rate security. |
|
|
|
|
|
(3) |
|
Security valued at fair value using methods determined in good faith by or at the direction of the Trustees. |
|
|
|
|
|
(4) |
|
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2004, the aggregate value of the securities is $24,904,270 or 7.6% of the Fund’s net assets. |
5
|
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund |
as of December 31, 2004 |
|
PORTFOLIO OF INVESTMENTS (Unaudited) |
|
|
Country Concentration of Portfolio |
|
|
Country |
|
Percentage |
|
Value |
|
|
|
United States |
|
46.8 |
% |
$ |
220,723,685 |
|
|
United Kingdom |
|
15.3 |
% |
72,319,710 |
|
|
|
Canada |
|
10.2 |
% |
48,223,652 |
|
|
|
France |
|
8.5 |
% |
40,027,727 |
|
|
|
Australia |
|
3.6 |
% |
17,172,962 |
|
|
|
Norway |
|
2.2 |
% |
10,489,899 |
|
|
|
Netherlands |
|
2.2 |
% |
10,432,503 |
|
|
|
Mexico |
|
1.7 |
% |
8,149,305 |
|
|
|
Italy |
|
1.7 |
% |
8,077,448 |
|
|
|
Bermuda |
|
1.7 |
% |
7,942,320 |
|
|
|
Switzerland |
|
1.6 |
% |
7,717,186 |
|
|
|
Jersey, C.I. |
|
1.1 |
% |
4,988,948 |
|
|
|
Peru |
|
1.0 |
% |
4,721,000 |
|
|
|
Spain |
|
0.8 |
% |
3,584,000 |
|
|
|
Republic of Korea |
|
0.7 |
% |
3,339,750 |
|
|
|
New Zealand |
|
0.5 |
% |
2,217,296 |
|
|
|
South Africa |
|
0.4 |
% |
1,817,500 |
|
|
|
|
|
100.0 |
% |
$ |
471,944,891 |
|
6
The Portfolio did not have any open financial instruments at December 31, 2004.
The cost and unrealized appreciation (depreciation) of investments of the Fund at December 31, 2004, as computed on a federal income tax basis, were as follows:
|
Aggregate cost |
|
$ |
415,328,961 |
|
|
Gross unrealized appreciation |
|
$ |
57,563,001 |
|
|
Gross unrealized depreciation |
|
(947,071 |
) |
|
|
Net unrealized appreciation |
|
$ |
56,615,930 |
|
7
Item 2. Controls and Procedures
(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Eaton Vance Tax Advantaged Global Dividend Opportunities Fund |
|
|||||
|
|
|
|||||
|
|
|
|||||
|
By: |
/S/ Duncan Richardson |
|
||||
|
|
Duncan
Richardson |
|
||||
|
|
|
|||||
|
Date: |
February 16, 2005 |
|
||||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
By: |
/S/ Duncan Richardson |
|
||
|
|
Duncan
Richardson |
|||
|
|
|
|||
|
Date: |
February 16, 2005 |
|
||
|
|
|
|
||
|
|
|
|
||
|
By: |
/S/ James L. O’Connor |
|
||
|
|
James L. O’Connor |
|
||
|
|
|
|||
|
Date: |
February 16, 2005 |
|
||