Try our mobile app

Published: 2020-11-25 14:55:49 ET
<<<  go to ETW company page
NPORT-EX 2 NPORT_246382380770554.htm HTML

Eaton Vance

Tax-Managed Global Buy-Write Opportunities Fund

September 30, 2020

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 100.6%

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 1.2%

     

Airbus SE(1)(2)

     56,122      $ 4,070,281  

General Dynamics Corp.(2)

     6,866        950,460  

L3Harris Technologies, Inc.(2)

     7,755        1,317,109  

Northrop Grumman Corp.(2)

     8,728        2,753,597  

Raytheon Technologies Corp.(2)

     47,912        2,756,857  

Rolls-Royce Holdings PLC

     74,914        124,383  

Textron, Inc.(2)

     20,700        747,063  
     

 

 

 
      $ 12,719,750  
     

 

 

 

Air Freight & Logistics — 0.6%

     

Deutsche Post AG(2)

     123,359      $ 5,597,483  

Expeditors International of Washington, Inc.(2)

     3,871        350,403  
     

 

 

 
      $ 5,947,886  
     

 

 

 

Auto Components — 0.5%

     

Cie Generale des Etablissements Michelin SCA(2)

     15,277      $ 1,639,948  

Denso Corp.

     55,400        2,428,277  

Toyota Industries Corp.

     6,400        405,259  

Yokohama Rubber Co., Ltd. (The)

     75,500        1,074,772  
     

 

 

 
      $ 5,548,256  
     

 

 

 

Automobiles — 0.7%

     

Daimler AG(2)

     13,299      $ 717,415  

Honda Motor Co., Ltd.

     24,800        588,932  

Isuzu Motors, Ltd.

     58,000        507,255  

Mazda Motor Corp.

     26,000        152,509  

Mitsubishi Motors Corp.(1)

     70,000        154,569  

Toyota Motor Corp.

     12,900        856,173  

Volkswagen AG, PFC Shares

     24,779        3,987,217  
     

 

 

 
      $ 6,964,070  
     

 

 

 

Banks — 3.1%

     

Bank of America Corp.(2)

     50,000      $ 1,204,500  

BNP Paribas S.A.(1)(2)

     75,132        2,717,864  

Credit Agricole S.A.(1)(2)

     243,088        2,120,916  

Danske Bank A/S(1)(2)

     72,886        985,864  

Fifth Third Bancorp(2)

     47,006        1,002,168  

HSBC Holdings PLC(1)(2)

     700,000        2,738,578  

Huntington Bancshares, Inc.(2)

     217,053        1,990,376  

ING Groep NV(1)(2)

     165,384        1,180,323  

Intesa Sanpaolo SpA(1)

     2,079,278        3,911,989  

JPMorgan Chase & Co.(2)

     47,825        4,604,113  

KBC Group NV(1)

     22,722        1,139,418  

 

1

 

 


                                                 
Security    Shares      Value  

KeyCorp(2)

     163,919      $ 1,955,554  

Lloyds Banking Group PLC(1)

     2,000,000        678,964  

Natwest Group PLC(1)

     500,000        684,724  

PNC Financial Services Group, Inc. (The)(2)

     6,406        704,083  

Shinsei Bank, Ltd.

     31,400        387,704  

Societe Generale S.A.(1)

     167,278        2,220,434  

Standard Chartered PLC(1)

     43,591        200,588  

Truist Financial Corp.(2)

     25,182        958,175  
     

 

 

 
      $ 31,386,335  
     

 

 

 

Beverages — 1.5%

     

Coca-Cola Co. (The)(2)

     24,571      $ 1,213,070  

Constellation Brands, Inc., Class A(2)

     29,994        5,684,163  

Heineken Holding NV

     24,773        1,930,512  

Heineken NV

     7,692        684,794  

Kirin Holdings Co., Ltd.

     59,000        1,108,173  

PepsiCo, Inc.(2)

     29,721        4,119,331  

Takara Holdings, Inc.

     20,500        227,639  
     

 

 

 
      $ 14,967,682  
     

 

 

 

Biotechnology — 1.8%

     

AbbVie, Inc.(2)

     26,528      $ 2,323,587  

Amgen, Inc.(2)

     34,963        8,886,196  

BioMarin Pharmaceutical, Inc.(1)(2)

     9,584        729,151  

Gilead Sciences, Inc.(2)

     109,543        6,922,022  
     

 

 

 
      $ 18,860,956  
     

 

 

 

Building Products — 0.7%

     

Daikin Industries, Ltd.

     40,100      $ 7,409,445  
     

 

 

 
      $ 7,409,445  
     

 

 

 

Capital Markets — 1.6%

     

CME Group, Inc.

     2,281      $ 381,634  

London Stock Exchange Group PLC

     14,000        1,606,036  

Moody’s Corp.(2)

     12,481        3,617,618  

Morgan Stanley(2)

     35,092        1,696,698  

S&P Global, Inc.(2)

     13,142        4,739,005  

Schroders PLC(2)

     42,659        1,481,534  

St. James’s Place PLC(1)(2)

     209,534        2,520,776  
     

 

 

 
      $ 16,043,301  
     

 

 

 

Chemicals — 4.1%

     

Air Liquide S.A.

     38,480      $ 6,099,452  

Air Products and Chemicals, Inc.(2)

     26,448        7,877,801  

Akzo Nobel NV

     2,842        287,242  

BASF SE(2)

     67,072        4,084,419  

Corteva, Inc.

     4,706        135,580  

Daicel Corp.(2)

     51,000        367,586  

Dow, Inc.

     4,706        221,417  

DuPont de Nemours, Inc.

     4,706        261,089  

 

2

 

 


                                                 
Security    Shares      Value  

Eastman Chemical Co.(2)

     20,943      $ 1,636,067  

Johnson Matthey PLC(2)

     77,449        2,353,514  

Linde PLC(1)(2)

     47,250        11,171,351  

Mitsubishi Gas Chemical Co., Inc.

     18,200        338,583  

Nitto Denko Corp.

     34,900        2,273,690  

Shin-Etsu Chemical Co., Ltd.

     22,800        2,983,477  

Sumitomo Chemical Co., Ltd.

     35,700        118,166  

Toray Industries, Inc.

     56,000        256,200  

Tosoh Corp.

     86,500        1,404,414  
     

 

 

 
      $ 41,870,048  
     

 

 

 

Commercial Services & Supplies — 0.5%

     

Rentokil Initial PLC(1)

     97,214      $ 671,929  

SECOM Co., Ltd.

     31,800        2,910,191  

Waste Management, Inc.(2)

     10,662        1,206,618  
     

 

 

 
      $ 4,788,738  
     

 

 

 

Communications Equipment — 1.1%

     

Cisco Systems, Inc.(2)

     280,593      $ 11,052,558  
     

 

 

 
      $ 11,052,558  
     

 

 

 

Construction & Engineering — 0.2%

     

Ferrovial S.A.

     83,666      $ 2,032,281  
     

 

 

 
      $ 2,032,281  
     

 

 

 

Construction Materials — 0.2%

     

CRH PLC

     62,332      $ 2,260,240  
     

 

 

 
      $ 2,260,240  
     

 

 

 

Consumer Finance — 0.3%

     

American Express Co.(2)

     31,280      $ 3,135,820  

Navient Corp.

     43,966        371,513  
     

 

 

 
      $ 3,507,333  
     

 

 

 

Containers & Packaging — 0.2%

     

Smurfit Kappa Group PLC

     61,889      $ 2,424,717  
     

 

 

 
      $ 2,424,717  
     

 

 

 

Distributors — 0.1%

     

LKQ Corp.(1)(2)

     53,930      $ 1,495,479  
     

 

 

 
      $ 1,495,479  
     

 

 

 

Diversified Financial Services — 0.4%

     

Berkshire Hathaway, Inc., Class B(1)(2)

     12,353      $ 2,630,448  

Groupe Bruxelles Lambert S.A.

     4,239        382,153  

M&G PLC

     286,752        589,398  

ORIX Corp.

     41,300        515,848  
     

 

 

 
      $ 4,117,847  
     

 

 

 

Diversified Telecommunication Services — 0.9%

     

Deutsche Telekom AG(2)

     403,141      $ 6,712,309  

Orange S.A.

     58,486        609,164  

United Internet AG

     52,975        2,025,913  

Verizon Communications, Inc.

     4,900        291,501  
     

 

 

 
      $ 9,638,887  
     

 

 

 

 

3

 

 


                                                 
Security    Shares      Value  

Electric Utilities — 1.5%

     

Acciona S.A.

     8,786      $ 953,505  

Edison International(2)

     19,359        984,211  

Enel SpA

     226,448        1,964,642  

Iberdrola S.A.(2)

     800,826        9,857,034  

NextEra Energy, Inc.

     6,000        1,665,360  
     

 

 

 
      $ 15,424,752  
     

 

 

 

Electrical Equipment — 0.8%

     

ABB, Ltd.(2)

     107,459      $ 2,732,021  

Fujikura, Ltd.

     69,000        191,284  

Legrand S.A.(2)

     47,726        3,801,342  

Siemens Energy AG(1)

     55,583        1,498,870  
     

 

 

 
      $ 8,223,517  
     

 

 

 

Electronic Equipment, Instruments & Components — 1.3%

     

Alps Alpine Co., Ltd.

     113,800      $ 1,533,979  

Corning, Inc.(2)

     19,975        647,390  

Halma PLC

     82,563        2,494,381  

Kyocera Corp.

     33,800        1,935,270  

Taiyo Yuden Co., Ltd.

     89,800        2,828,526  

TDK Corp.

     40,200        4,389,547  
     

 

 

 
      $ 13,829,093  
     

 

 

 

Entertainment — 2.4%

     

Electronic Arts, Inc.(1)(2)

     45,613      $ 5,948,391  

Netflix, Inc.(1)(2)

     20,000        10,000,600  

Vivendi S.A.

     131,584        3,674,991  

Walt Disney Co. (The)(1)(2)

     44,417        5,511,262  
     

 

 

 
      $ 25,135,244  
     

 

 

 

Equity Real Estate Investment Trusts (REITs) — 0.4%

     

American Tower Corp.(2)

     17,793      $ 4,301,102  

Capital & Counties Properties PLC

     189,600        273,154  
     

 

 

 
      $ 4,574,256  
     

 

 

 

Food & Staples Retailing — 0.7%

     

Costco Wholesale Corp.

     6,600      $ 2,343,000  

Seven & i Holdings Co., Ltd.

     44,200        1,373,298  

Tesco PLC

     890,919        2,444,062  

Walmart, Inc.(2)

     5,517        771,883  
     

 

 

 
      $ 6,932,243  
     

 

 

 

Food Products — 3.2%

     

Mondelez International, Inc., Class A(2)

     120,696      $ 6,933,985  

Nestle S.A.(2)

     203,470        24,215,365  

Nissin Foods Holdings Co., Ltd.

     11,700        1,099,191  

Toyo Suisan Kaisha, Ltd.

     5,000        264,031  
     

 

 

 
      $ 32,512,572  
     

 

 

 

Gas Utilities — 0.1%

     

Italgas SpA

     35,014      $ 220,828  

Snam SpA

     175,073        900,360  
     

 

 

 
      $ 1,121,188  
     

 

 

 

 

4

 

 


                                                 
Security    Shares      Value  

Health Care Equipment & Supplies — 1.6%

     

Abbott Laboratories(2)

     91,829      $ 9,993,750  

Olympus Corp.

     27,600        573,962  

Smith & Nephew PLC

     80,000        1,567,145  

Terumo Corp.

     112,600        4,483,135  
     

 

 

 
      $ 16,617,992  
     

 

 

 

Health Care Providers & Services — 1.4%

     

CVS Health Corp.(2)

     49,398      $ 2,884,843  

McKesson Corp.(2)

     10,557        1,572,254  

UnitedHealth Group, Inc.(2)

     31,410        9,792,696  
     

 

 

 
      $ 14,249,793  
     

 

 

 

Hotels, Restaurants & Leisure — 0.5%

     

Accor S.A.(1)

     26,214      $ 733,730  

Yum! Brands, Inc.(2)

     42,716        3,899,971  
     

 

 

 
      $ 4,633,701  
     

 

 

 

Household Durables — 0.7%

     

Barratt Developments PLC(1)(2)

     263,198      $ 1,614,118  

Casio Computer Co., Ltd.

     63,200        1,023,353  

Nikon Corp.

     44,000        296,897  

PulteGroup, Inc.(2)

     70,920        3,282,887  

Sekisui Chemical Co., Ltd.

     61,000        975,712  
     

 

 

 
      $ 7,192,967  
     

 

 

 

Household Products — 0.9%

     

Clorox Co. (The)(2)

     13,090      $ 2,751,125  

Henkel AG & Co. KGaA, PFC Shares

     18,309        1,914,873  

Kimberly-Clark Corp.(2)

     6,527        963,777  

Procter & Gamble Co. (The)(2)

     6,074        844,225  

Reckitt Benckiser Group PLC

     28,566        2,785,335  
     

 

 

 
      $ 9,259,335  
     

 

 

 

Industrial Conglomerates — 1.9%

     

3M Co.(2)

     2,786      $ 446,262  

Honeywell International, Inc.(2)

     27,640        4,549,820  

Nisshinbo Holdings, Inc.

     109,000        743,492  

Siemens AG(2)

     111,166        14,039,040  
     

 

 

 
      $ 19,778,614  
     

 

 

 

Insurance — 3.1%

     

Ageas S.A./NV

     22,500      $ 920,680  

Allianz SE(2)

     61,906        11,881,597  

Allstate Corp. (The)(2)

     14,927        1,405,228  

Chubb, Ltd.(2)

     7,404        859,753  

Cincinnati Financial Corp.(2)

     23,801        1,855,764  

Hannover Rueck SE

     7,000        1,083,676  

Hartford Financial Services Group, Inc.(2)

     20,077        740,038  

Legal & General Group PLC

     250,000        609,866  

Lincoln National Corp.(2)

     17,183        538,343  

 

5

 

 


                                                 
Security    Shares      Value  

Marsh & McLennan Cos., Inc.(2)

     31,342      $ 3,594,927  

MS&AD Insurance Group Holdings, Inc.

     37,200        1,002,287  

Principal Financial Group, Inc.(2)

     17,247        694,537  

Prudential Financial, Inc.(2)

     13,233        840,560  

Prudential PLC(2)

     286,752        4,114,406  

SCOR SE(1)(2)

     61,069        1,700,279  
     

 

 

 
      $ 31,841,941  
     

 

 

 

Interactive Media & Services — 5.2%

     

Alphabet, Inc., Class A(1)(2)

     11,697      $ 17,143,123  

Alphabet, Inc., Class C(1)(2)

     9,612        14,125,795  

Facebook, Inc., Class A(1)(2)

     83,800        21,947,220  
     

 

 

 
      $ 53,216,138  
     

 

 

 

Internet & Direct Marketing Retail — 5.3%

     

Amazon.com, Inc.(1)(2)

     15,016      $ 47,281,330  

Booking Holdings, Inc.(1)(2)

     3,247        5,554,578  

Ocado Group PLC(1)(2)

     44,101        1,559,818  
     

 

 

 
      $ 54,395,726  
     

 

 

 

IT Services — 3.5%

     

Amadeus IT Group S.A.

     61,489      $ 3,414,852  

Atos SE(1)

     13,728        1,103,128  

Capgemini SE(2)

     34,597        4,438,634  

Cognizant Technology Solutions Corp., Class A(2)

     38,672        2,684,610  

Fidelity National Information Services, Inc.(2)

     39,273        5,781,378  

Indra Sistemas S.A.(1)

     58,122        413,390  

Mastercard, Inc., Class A(2)

     16,997        5,747,876  

NTT Data Corp.

     62,200        795,993  

Obic Co., Ltd.

     2,300        404,484  

Otsuka Corp.

     15,600        797,181  

PayPal Holdings, Inc.(1)(2)

     52,937        10,430,177  

Perspecta, Inc.(2)

     2,147        41,759  

Worldline S.A.(1)(3)

     2,251        184,319  
     

 

 

 
      $ 36,237,781  
     

 

 

 

Leisure Products — 0.2%

     

Hasbro, Inc.(2)

     20,651      $ 1,708,251  

Yamaha Corp.

     6,800        326,133  
     

 

 

 
      $ 2,034,384  
     

 

 

 

Life Sciences Tools & Services — 0.8%

     

PerkinElmer, Inc.(2)

     6,547      $ 821,714  

Thermo Fisher Scientific, Inc.(2)

     17,359        7,664,346  
     

 

 

 
      $ 8,486,060  
     

 

 

 

Machinery — 1.4%

     

Dover Corp.(2)

     7,424      $ 804,316  

Ebara Corp.

     25,500        691,459  

FANUC Corp.

     23,827        4,572,768  

Kawasaki Heavy Industries, Ltd.(1)

     3,100        41,878  

Komatsu, Ltd.

     29,200        641,321  

Makita Corp.

     7,700        368,517  

NSK, Ltd.

     6,000        45,926  

Parker-Hannifin Corp.(2)

     7,147        1,446,124  

 

6

 

 


                                                 
Security    Shares      Value  

SMC Corp.

     1,500      $ 836,755  

Snap-on, Inc.(2)

     6,143        903,820  

Stanley Black & Decker, Inc.(2)

     24,657        3,999,365  
     

 

 

 
      $ 14,352,249  
     

 

 

 

Media — 1.4%

     

Charter Communications, Inc., Class A(1)(2)

     9,419      $ 5,880,659  

Comcast Corp., Class A(2)

     184,786        8,548,200  

Hakuhodo DY Holdings, Inc.

     20,900        270,265  
     

 

 

 
      $ 14,699,124  
     

 

 

 

Metals & Mining — 0.8%

     

Glencore PLC(1)

     1,472,251      $ 3,052,231  

Mitsubishi Materials Corp.

     5,100        100,505  

Rio Tinto PLC(2)

     81,078        4,878,658  
     

 

 

 
      $ 8,031,394  
     

 

 

 

Multi-Utilities — 1.1%

     

CMS Energy Corp.(2)

     108,509      $ 6,663,538  

Engie S.A.(1)

     212,752        2,843,113  

NiSource, Inc.(2)

     42,420        933,240  

Veolia Environnement S.A.

     37,663        812,619  
     

 

 

 
      $ 11,252,510  
     

 

 

 

Multiline Retail — 0.5%

     

Next PLC(1)(2)

     41,584      $ 3,188,123  

Target Corp.(2)

     13,800        2,172,396  
     

 

 

 
      $ 5,360,519  
     

 

 

 

Oil, Gas & Consumable Fuels — 1.8%

     

BP PLC(2)

     343,796      $ 994,251  

Chevron Corp.(2)

     29,153        2,099,016  

Eni SpA

     186,059        1,454,249  

Idemitsu Kosan Co., Ltd.

     16,200        345,883  

Marathon Petroleum Corp.(2)

     27,916        819,055  

Phillips 66(2)

     36,105        1,871,683  

Royal Dutch Shell PLC, Class A(2)

     189,507        2,365,677  

Royal Dutch Shell PLC, Class B

     148,058        1,795,506  

TOTAL SE(2)

     190,146        6,530,099  
     

 

 

 
      $ 18,275,419  
     

 

 

 

Paper & Forest Products — 0.1%

     

Mondi PLC

     38,326      $ 810,387  

Oji Holdings Corp.

     13,000        59,736  
     

 

 

 
      $ 870,123  
     

 

 

 

Personal Products — 2.1%

     

Estee Lauder Cos., Inc. (The), Class A(2)

     24,480      $ 5,342,760  

Kao Corp.(2)

     45,354        3,404,758  

Unilever NV(2)

     193,140        11,728,876  

Unilever PLC

     25,759        1,588,123  
     

 

 

 
      $ 22,064,517  
     

 

 

 

 

7

 

 


                                                 
Security    Shares      Value  

Pharmaceuticals — 7.3%

     

Astellas Pharma, Inc.

     205,900      $ 3,069,268  

AstraZeneca PLC(2)

     83,424        9,115,274  

Bayer AG(2)

     32,735        2,019,543  

Bristol-Myers Squibb Co.(2)

     35,160        2,119,796  

Chugai Pharmaceutical Co., Ltd.

     119,400        5,358,129  

Eisai Co., Ltd.

     13,646        1,246,320  

Eli Lilly & Co.(2)

     13,232        1,958,601  

Johnson & Johnson(2)

     13,558        2,018,515  

Merck & Co., Inc.(2)

     78,165        6,483,787  

Novartis AG(2)

     154,782        13,438,840  

Pfizer, Inc.(2)

     14,458        530,609  

Roche Holding AG PC(2)

     49,591        16,986,929  

Sanofi(2)

     95,989        9,619,232  

UCB S.A.

     9,177        1,042,265  
     

 

 

 
      $ 75,007,108  
     

 

 

 

Professional Services — 0.8%

     

Equifax, Inc.(2)

     15,217      $ 2,387,547  

Experian PLC

     85,608        3,216,665  

Recruit Holdings Co., Ltd.

     12,500        496,442  

Robert Half International, Inc.(2)

     30,884        1,634,999  

Wolters Kluwer NV

     961        81,976  
     

 

 

 
      $ 7,817,629  
     

 

 

 

Real Estate Management & Development — 0.4%

     

CBRE Group, Inc., Class A(1)(2)

     37,761      $ 1,773,634  

Daito Trust Construction Co., Ltd.

     6,300        558,462  

Heiwa Real Estate Co., Ltd.

     34,400        950,453  

Sumitomo Realty & Development Co., Ltd.

     13,600        402,603  
     

 

 

 
      $ 3,685,152  
     

 

 

 

Road & Rail — 1.0%

     

Central Japan Railway Co.

     3,400      $ 487,355  

CSX Corp.(2)

     79,314        6,160,318  

East Japan Railway Co.

     2,900        178,346  

Kansas City Southern(2)

     15,468        2,797,079  

Keio Corp.

     15,200        940,968  
     

 

 

 
      $ 10,564,066  
     

 

 

 

Semiconductors & Semiconductor Equipment — 5.5%

     

ASML Holding NV(2)

     28,290      $ 10,449,558  

Infineon Technologies AG

     90,000        2,536,720  

Intel Corp.(2)

     255,724        13,241,389  

Marvell Technology Group, Ltd.(2)

     82,514        3,275,806  

Maxim Integrated Products, Inc.(1)(2)

     18,000        1,216,980  

NXP Semiconductors NV(2)

     40,985        5,115,338  

STMicroelectronics NV

     35,000        1,073,450  

Texas Instruments, Inc.(2)

     82,713        11,810,589  

Tokyo Electron, Ltd.

     31,400        8,203,391  
     

 

 

 
      $ 56,923,221  
     

 

 

 

 

8

 

 


                                                 
Security    Shares      Value  

Software — 6.7%

     

Adobe, Inc.(1)(2)

     13,000      $ 6,375,590  

Citrix Systems, Inc.(2)

     25,773        3,549,200  

Dassault Systemes SE

     9,700        1,809,846  

Microsoft Corp.(2)

     243,484        51,211,990  

Oracle Corp.(2)

     34,518        2,060,724  

Sage Group PLC (The)

     313,890        2,917,034  

salesforce.com, inc.(1)

     1,500        378,800  

Trend Micro, Inc.

     14,097        859,052  
     

 

 

 
      $ 69,162,236  
     

 

 

 

Specialty Retail — 2.6%

     

Fast Retailing Co., Ltd.

     22,700      $ 14,265,159  

Fnac Darty S.A.(1)

     922        41,319  

Home Depot, Inc. (The)(2)

     13,861        3,849,338  

Lowe’s Cos., Inc.(2)

     40,810        6,768,747  

Tiffany & Co.(2)

     10,337        1,197,541  

USS Co., Ltd.

     27,200        486,700  
     

 

 

 
      $ 26,608,804  
     

 

 

 

Technology Hardware, Storage & Peripherals — 6.0%

     

Apple, Inc.(2)

     523,318      $ 60,605,458  

Canon, Inc.

     4,600        76,298  

Hewlett Packard Enterprise Co.(2)

     78,955        739,808  

HP, Inc.(2)

     39,615        752,289  
     

 

 

 
      $ 62,173,853  
     

 

 

 

Textiles, Apparel & Luxury Goods — 3.0%

     

adidas AG(1)

     19,523      $ 6,304,796  

Kering SA(2)

     8,281        5,493,137  

LVMH Moet Hennessy Louis Vuitton SE(2)

     28,872        13,509,221  

NIKE, Inc., Class B(2)

     41,531        5,213,802  
     

 

 

 
      $ 30,520,956  
     

 

 

 

Tobacco — 1.0%

     

British American Tobacco PLC(2)

     173,393      $ 6,219,828  

Japan Tobacco, Inc.

     76,500        1,395,649  

Philip Morris International, Inc.(2)

     31,523        2,363,910  
     

 

 

 
      $ 9,979,387  
     

 

 

 

Trading Companies & Distributors — 0.6%

     

Ferguson PLC

     45,384      $ 4,567,011  

Marubeni Corp.

     20,000        113,548  

Mitsubishi Corp.

     21,400        512,216  

Sumitomo Corp.

     96,700        1,165,669  
     

 

 

 
      $ 6,358,444  
     

 

 

 

Transportation Infrastructure — 0.1%

     

Aeroports de Paris

     6,667      $ 661,399  
     

 

 

 
      $ 661,399  
     

 

 

 

 

9

 

 


                                                 
Security    Shares      Value  

Wireless Telecommunication Services — 1.2%

     

KDDI Corp.

     130,300      $ 3,277,247  

SoftBank Group Corp.

     144,196        8,922,060  

Vodafone Group PLC

     100,000        132,543  
     

 

 

 
      $ 12,331,850  
     

 

 

 

Total Common Stocks — 100.6%
(identified cost $362,822,255)

      $ 1,035,433,066  
     

 

 

 

Total Investments — 100.6%
(identified cost $362,822,255)

      $ 1,035,433,066  
     

 

 

 

Total Written Call Options — (1.0)%
(premiums received $17,912,867)

      $ (10,899,439
     

 

 

 

Other Assets, Less Liabilities — 0.4%

      $ 4,340,283  
     

 

 

 

Net Assets — 100.0%

      $ 1,028,873,910  
     

 

 

 

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

 

(1)

Non-income producing security.

 

(2)

Security (or a portion thereof) has been pledged as collateral for written options.

 

(3)

Security exempt from registration under Rule 144A of 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 September 30, 2020, the aggregate value of these securities is $184,319 or less than 0.05% of the Fund’s net assets.

Country Concentration of Portfolio

 

                                                 
Country   

Percentage of

Total Investments

    Value  

United States

     54.8   $ 567,433,943  

Japan

     11.2       115,851,723  

France

     7.4       76,434,467  

United Kingdom

     7.3       75,954,020  

Germany

     6.2       64,403,871  

Switzerland

     5.6       57,373,155  

Netherlands

     3.1       31,458,619  

Spain

     1.6       16,671,062  

Ireland

     1.5       15,856,308  

Italy

     0.9       9,525,518  

Belgium

     0.3       3,484,516  

Denmark

     0.1       985,864  
  

 

 

   

 

 

 

Total Investments

     100.0   $     1,035,433,066  
  

 

 

   

 

 

 

 

10

 

 


Written Call Options — (1.0)%

Exchange-Traded Options — (1.0)%

 

                                                                                                                            
Description   Number of
Contracts
    Notional
Amount
     Exercise
Price
     Expiration
Date
     Value  

Dow Jones Euro Stoxx 50 Index

    1,280     EUR 40,878,208      EUR 3,350        10/2/20      $ (2,187

Dow Jones Euro Stoxx 50 Index

    1,270     EUR 40,558,847      EUR 3,375        10/9/20        (25,681

Dow Jones Euro Stoxx 50 Index

    1,290     EUR 41,197,569      EUR 3,350        10/16/20        (119,124

Dow Jones Euro Stoxx 50 Index

    1,310     EUR 41,836,291      EUR 3,200        10/23/20        (1,038,323

FTSE 100 Index

    610     GBP 35,783,210      GBP 6,000        10/16/20        (353,121

FTSE 100 Index

    590     GBP 34,609,990      GBP 6,100        10/16/20        (149,333

NASDAQ 100 Index

    15     USD 17,127,090      USD 12,800        10/2/20        (1,387

NASDAQ 100 Index

    15     USD 17,127,090      USD 12,000        10/5/20        (3,975

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,400        10/7/20        (287,440

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,500        10/9/20        (250,400

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,600        10/12/20        (202,320

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,500        10/14/20        (325,920

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,300        10/16/20        (533,120

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,200        10/19/20        (674,240

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,450        10/21/20        (467,200

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,200        10/23/20        (749,120

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,675        10/26/20        (351,680

NASDAQ 100 Index

    16     USD 18,268,896      USD 11,750        10/28/20        (309,047

Nikkei 225 Index

    130     JPY 3,014,065,600      JPY 23,500        10/2/20        (29,679

Nikkei 225 Index

    125     JPY 2,898,140,000      JPY 23,500        10/9/20        (132,754

Nikkei 225 Index

    120     JPY 2,782,214,400      JPY 23,500        10/16/20        (225,403

Nikkei 225 Index

    120     JPY 2,782,214,400      JPY 23,500        10/23/20        (312,289

S&P 500 Index

    80     USD 26,904,000      USD 3,450        10/2/20        (16,600

S&P 500 Index

    79     USD 26,567,700      USD 3,450        10/5/20        (34,760

S&P 500 Index

    80     USD 26,904,000      USD 3,400        10/7/20        (182,000

S&P 500 Index

    81     USD 27,240,300      USD 3,380        10/9/20        (300,915

S&P 500 Index

    81     USD 27,240,300      USD 3,400        10/12/20        (259,605

S&P 500 Index

    81     USD 27,240,300      USD 3,425        10/14/20        (217,890

S&P 500 Index

    81     USD 27,240,300      USD 3,375        10/16/20        (443,070

S&P 500 Index

    81     USD 27,240,300      USD 3,300        10/19/20        (841,995

S&P 500 Index

    81     USD 27,240,300      USD 3,375        10/21/20        (504,225

S&P 500 Index

    81     USD 27,240,300      USD 3,350        10/23/20        (650,835

S&P 500 Index

    81     USD 27,240,300      USD 3,400        10/26/20        (438,210

S&P 500 Index

    81     USD 27,240,300      USD 3,410        10/28/20        (411,730

SMI Index

    375     CHF 38,201,250      CHF 10,600        10/16/20        (53,861
            

 

 

 

Total

 

   $ (10,899,439
            

 

 

 

Abbreviations:

 

PC

  -   Participation Certificate

PFC Shares

  -   Preference Shares

Currency Abbreviations:

 

CHF

  -   Swiss Franc

EUR

  -   Euro

GBP

  -   British Pound Sterling

JPY

  -   Japanese Yen

USD

  -   United States Dollar

 

11

 

 


At September 30, 2020, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.

The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund writes 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 value of the underlying index decline.

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 September 30, 2020, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

 

Asset Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Communication Services

   $ 89,396,751      $ 25,624,492      $      $ 115,021,243  

Consumer Discretionary

     82,424,320        62,330,542               144,754,862  

Consumer Staples

     33,331,229        62,384,507               95,715,736  

Energy

     4,789,754        13,485,665               18,275,419  

Financials

     39,520,855        47,375,902               86,896,757  

Health Care

     64,701,867        68,520,042               133,221,909  

Industrials

     36,710,627        63,943,391               100,654,018  

Information Technology

     196,719,709        52,659,033               249,378,742  

Materials

     10,131,954        45,324,568               55,456,522  

Real Estate

     6,074,736        2,184,672               8,259,408  

Utilities

     10,246,349        17,552,101               27,798,450  

Total Common Stocks

   $     574,048,151      $     461,384,915    $     —      $     1,035,433,066  

Total Investments

   $     574,048,151      $     461,384,915      $      $ 1,035,433,066  
Liability Description                                

Written Call Options

   $ (8,457,684    $ (2,441,755    $      $ (10,899,439

Total

   $ (8,457,684    $ (2,441,755    $      $ (10,899,439

 

*

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.

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.

 

12