Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) NPORT-P Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (Mar 2020 report)

Eaton Vance

Tax-Managed Global Buy-Write Opportunities Fund

March 31, 2020

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks— 101.2%

Security	Shares		Value
Aerospace & Defense — 1.5%
Airbus SE(1)		56,122	$	3,618,850
General Dynamics Corp.		6,866		908,440
L3Harris Technologies, Inc.		7,755		1,396,831
Northrop Grumman Corp.(1)		12,228		3,699,581
Raytheon Co.(1)		20,521		2,691,329
Rolls-Royce Holdings PLC		74,914		316,620
Textron, Inc.		30,061		801,727
			$	13,433,378
Air Freight & Logistics — 0.5%
Deutsche Post AG(1)		123,359	$	3,307,080
Expeditors International of Washington, Inc.		16,714		1,115,158
			$	4,422,238
Auto Components — 0.5%
Aisin Seiki Co., Ltd.		10,200	$	249,810
Cie Generale des Etablissements Michelin SCA(1)		15,277		1,338,032
Denso Corp.		55,400		1,770,276
Toyota Industries Corp.		6,400		305,150
Yokohama Rubber Co., Ltd. (The)		75,500		935,981
			$	4,599,249
Automobiles — 0.6%
Daimler AG(1)		13,299	$	397,163
Honda Motor Co., Ltd.		24,800		554,935
Isuzu Motors, Ltd.		58,000		383,837
Mazda Motor Corp.		26,000		137,302
Mitsubishi Motors Corp.		70,000		197,229
Toyota Motor Corp.		12,900		777,417
Volkswagen AG, PFC Shares		24,779		2,854,455
			$	5,302,338
Banks — 3.6%
Banco Santander SA		731,493	$	1,740,090
Bank of America Corp.		50,000		1,061,500
BNP Paribas SA(1)		75,132		2,193,495
Credit Agricole SA(1)		243,088		1,720,064
Danske Bank A/S(1)		72,886		811,177
Fifth Third Bancorp		47,006		698,039
HSBC Holdings PLC(1)		551,173		3,094,158
Huntington Bancshares, Inc.(1)		217,053		1,782,005
ING Groep NV(1)		68,782		352,445
Intesa Sanpaolo SpA		2,079,278		3,364,395

1

Security	Shares		Value
JPMorgan Chase & Co.(1)		47,825	$	4,305,685
KBC Group NV		22,722		1,031,014
KeyCorp		163,919		1,699,840
Lloyds Banking Group PLC		3,756,790		1,468,721
PNC Financial Services Group, Inc. (The)		6,406		613,182
Royal Bank of Scotland Group PLC		500,000		689,437
Shinsei Bank, Ltd.(2)		31,400		415,886
Societe Generale SA		147,934		2,423,475
Standard Chartered PLC		43,591		241,006
Truist Financial Corp.		25,182		776,613
Wells Fargo & Co.		48,698		1,397,633
			$	31,879,860
Beverages — 1.5%
Coca-Cola Co. (The)(1)		24,571	$	1,087,267
Constellation Brands, Inc., Class A(1)		29,994		4,299,940
Heineken Holding NV		24,773		1,930,522
Heineken NV		7,692		652,773
Kirin Holdings Co., Ltd.		59,000		1,165,264
PepsiCo, Inc.(1)		32,854		3,945,765
Takara Holdings, Inc.		20,500		153,111
			$	13,234,642
Biotechnology — 2.5%
AbbVie, Inc.(1)		26,528	$	2,021,168
Amgen, Inc.(1)		38,804		7,866,735
BioMarin Pharmaceutical, Inc.(2)		19,589		1,655,271
Gilead Sciences, Inc.(1)		138,508		10,354,858
			$	21,898,032
Building Products — 0.6%
Daikin Industries, Ltd.		47,700	$	5,758,058
			$	5,758,058
Capital Markets — 1.3%
CME Group, Inc.		2,281	$	394,408
London Stock Exchange Group PLC		14,000		1,252,381
Moody’s Corp.(1)		12,481		2,639,731
Morgan Stanley		35,092		1,193,128
S&P Global, Inc.(1)		13,142		3,220,447
Schroders PLC(1)		42,659		1,304,172
St. James’s Place PLC(1)		209,534		1,956,613
			$	11,960,880
Chemicals — 3.4%
Air Liquide SA		38,480	$	4,911,872
Air Products and Chemicals, Inc.(1)		29,132		5,815,038
Akzo Nobel NV		2,842		186,914
BASF SE(1)		57,072		2,667,655
Corteva, Inc.		4,706		110,591
Daicel Corp.(1)		51,000		371,028
Dow, Inc.		4,706		137,603
DuPont de Nemours, Inc.		4,706		160,475

2

Security	Shares		Value
Eastman Chemical Co.		20,943	$	975,525
Johnson Matthey PLC(1)		77,449		1,706,516
Linde PLC(1)		47,250		8,194,941
Mitsubishi Gas Chemical Co., Inc.		18,200		196,393
Nitto Denko Corp.		34,900		1,550,223
Shin-Etsu Chemical Co., Ltd.		22,800		2,240,948
Sumitomo Chemical Co., Ltd.		35,700		105,474
Toray Industries, Inc.		56,000		242,398
Tosoh Corp.		86,500		977,545
			$	30,551,139
Commercial Services & Supplies — 0.5%
Rentokil Initial PLC		97,214	$	464,293
SECOM Co., Ltd.		31,800		2,630,120
Waste Management, Inc.(1)		10,662		986,875
			$	4,081,288
Communications Equipment — 1.3%
Cisco Systems, Inc.(1)		290,093	$	11,403,556
			$	11,403,556
Construction & Engineering — 0.2%
Ferrovial SA		82,504	$	1,958,375
			$	1,958,375
Construction Materials — 0.2%
CRH PLC		62,332	$	1,685,641
			$	1,685,641
Consumer Finance — 0.3%
American Express Co.(1)		31,280	$	2,677,881
Navient Corp.		50,603		383,570
			$	3,061,451
Containers & Packaging — 0.2%
Smurfit Kappa Group PLC		61,889	$	1,748,126
			$	1,748,126
Distributors — 0.1%
LKQ Corp.(2)		53,930	$	1,106,104
			$	1,106,104
Diversified Financial Services — 0.5%
Berkshire Hathaway, Inc., Class B(1)(2)		16,654	$	3,044,851
Groupe Bruxelles Lambert SA		4,239		333,529
M&G PLC(2)		286,752		398,874
ORIX Corp.		41,300		492,736
			$	4,269,990
Diversified Telecommunication Services — 1.2%
AT&T, Inc.		14,413	$	420,139
BT Group PLC		196,925		286,440
Deutsche Telekom AG(1)		403,141		5,206,736

3

Security	Shares		Value
Orange SA		260,144	$	3,149,682
United Internet AG		52,975		1,540,401
Verizon Communications, Inc.		5,212		280,041
			$	10,883,439
Electric Utilities — 1.4%
Acciona SA		8,786	$	929,297
Edison International		19,359		1,060,679
Enel SpA		226,448		1,562,002
Iberdrola SA(1)		877,463		8,582,470
NextEra Energy, Inc.		2,000		481,240
			$	12,615,688
Electrical Equipment — 0.6%
ABB, Ltd.(1)		107,459	$	1,867,749
Fujikura, Ltd.		69,000		197,885
Legrand SA(1)		47,726		3,044,054
			$	5,109,688
Electronic Equipment, Instruments & Components — 1.2%
Alps Alpine Co., Ltd.		113,800	$	1,096,535
Corning, Inc.		19,975		410,286
Halma PLC		82,563		1,939,080
Kyocera Corp.		33,800		1,994,563
Taiyo Yuden Co., Ltd.		89,800		2,344,856
TDK Corp.		40,200		3,090,944
			$	10,876,264
Entertainment — 2.4%
Electronic Arts, Inc.(1)(2)		53,174	$	5,326,440
Konami Holdings Corp.		2,800		85,883
Netflix, Inc.(1)(2)		21,000		7,885,500
Vivendi SA		131,584		2,782,130
Walt Disney Co. (The)(1)		53,917		5,208,382
			$	21,288,335
Equity Real Estate Investment Trusts (REITs) — 0.6%
American Tower Corp.(1)		17,793	$	3,874,426
British Land Co. PLC (The)		30,062		125,364
Capital & Counties Properties PLC		189,600		385,963
Simon Property Group, Inc.		13,042		715,484
			$	5,101,237
Food & Staples Retailing — 0.6%
FamilyMart Co., Ltd.		34,400	$	617,683
Seven & i Holdings Co., Ltd.		44,200		1,459,700
Tesco PLC		890,919		2,515,979
Walmart, Inc.		5,517		626,842
			$	5,220,204

4

Security	Shares		Value
Food Products — 3.5%
Mondelez International, Inc., Class A(1)		186,792	$	9,354,543
Nestle SA(1)		203,470		20,828,773
Nissin Foods Holdings Co., Ltd.		11,700		970,946
Toyo Suisan Kaisha, Ltd.		5,000		241,663
			$	31,395,925
Gas Utilities — 0.1%
Italgas SpA		35,014	$	191,575
Snam SpA		175,073		800,135
			$	991,710
Health Care Equipment & Supplies — 1.4%
Abbott Laboratories(1)		97,371	$	7,683,546
Olympus Corp.		27,600		397,862
Smith & Nephew PLC		40,000		704,660
Terumo Corp.		112,600		3,857,830
			$	12,643,898
Health Care Providers & Services — 1.7%
CVS Health Corp.(1)		71,786	$	4,259,064
McKesson Corp.(1)		16,774		2,268,851
UnitedHealth Group, Inc.(1)		34,811		8,681,167
			$	15,209,082
Hotels, Restaurants & Leisure — 0.5%
Accor SA		26,214	$	704,266
Six Flags Entertainment Corp.		29,121		365,177
Yum! Brands, Inc.(1)		42,716		2,927,328
			$	3,996,771
Household Durables — 0.6%
Barratt Developments PLC(1)		263,198	$	1,422,667
Casio Computer Co., Ltd.		63,200		884,247
Nikon Corp.		44,000		403,843
PulteGroup, Inc.		70,920		1,582,935
Sekisui Chemical Co., Ltd.		61,000		803,619
			$	5,097,311
Household Products — 1.0%
Clorox Co. (The)(1)		13,090	$	2,267,843
Henkel AG & Co. KGaA, PFC Shares		18,309		1,464,383
Kimberly-Clark Corp.		6,527		834,607
Procter & Gamble Co. (The)		4,074		448,140
Reckitt Benckiser Group PLC		28,566		2,176,032
Unicharm Corp.		35,200		1,317,671
			$	8,508,676
Industrial Conglomerates — 1.9%
3M Co.(1)		18,736	$	2,557,651
Honeywell International, Inc.(1)		31,549		4,220,941
Nisshinbo Holdings, Inc.		109,000		721,581
Siemens AG(1)		113,166		9,475,956
			$	16,976,129

5

Security	Shares		Value
Insurance — 3.3%
Ageas		22,500	$	937,619
Allianz SE(1)		61,906		10,542,431
Allstate Corp. (The)		14,927		1,369,254
Chubb, Ltd.		7,404		826,953
Cincinnati Financial Corp.		23,801		1,795,785
Hannover Rueck SE		7,000		988,439
Hartford Financial Services Group, Inc. (The)(1)		20,077		707,513
Legal & General Group PLC		250,000		590,675
Lincoln National Corp.		17,183		452,257
Marsh & McLennan Cos., Inc.(1)		31,342		2,709,829
MetLife, Inc.		27,893		852,689
MS&AD Insurance Group Holdings, Inc.		37,200		1,037,922
Principal Financial Group, Inc.		17,247		540,521
Prudential Financial, Inc.		13,233		689,969
Prudential PLC(1)		286,752		3,592,956
SCOR SE(1)		61,069		1,343,593
			$	28,978,405
Interactive Media & Services — 5.5%
Alphabet, Inc., Class A(1)(2)		14,602	$	16,966,794
Alphabet, Inc., Class C(1)(2)		12,338		14,346,750
Facebook, Inc., Class A(1)(2)		106,202		17,714,493
			$	49,028,037
Internet & Direct Marketing Retail — 4.9%
Amazon.com, Inc.(1)(2)		19,135	$	37,307,892
Booking Holdings, Inc.(1)(2)		3,947		5,309,978
Ocado Group PLC(1)(2)		44,101		661,527
			$	43,279,397
IT Services — 3.0%
Amadeus IT Group SA		51,489	$	2,423,528
Atos SE		13,728		914,631
Capgemini SE(1)		34,597		2,891,004
Cognizant Technology Solutions Corp., Class A(1)		59,444		2,762,363
Fidelity National Information Services, Inc.(1)		44,273		5,385,368
Indra Sistemas SA(2)		58,122		473,280
Mastercard, Inc., Class A(1)		16,997		4,105,795
Nomura Research Institute, Ltd.		24,300		513,282
NTT Data Corp.		62,200		595,413
Obic Co., Ltd.		7,300		951,114
Otsuka Corp.		15,600		665,036
PayPal Holdings, Inc.(1)(2)		52,937		5,068,188
Perspecta, Inc.		2,147		39,161
Worldline SA(2)(3)		2,251		132,857
			$	26,921,020
Leisure Products — 0.2%
Hasbro, Inc.		20,651	$	1,477,579
Yamaha Corp.		6,800		263,537
			$	1,741,116
Life Sciences Tools & Services — 0.6%
PerkinElmer, Inc.		6,547	$	492,858

6

Security	Shares		Value
Thermo Fisher Scientific, Inc.(1)		17,359	$	4,923,013
			$	5,415,871
Machinery — 1.1%
Dover Corp.		7,424	$	623,171
Ebara Corp.		25,500		479,645
FANUC Corp.		23,827		3,183,902
Kawasaki Heavy Industries, Ltd.		3,100		44,602
Komatsu, Ltd.		29,200		472,556
Makita Corp.		7,700		234,879
NSK, Ltd.		6,000		38,191
Parker-Hannifin Corp.		7,147		927,180
SMC Corp.		1,900		796,563
Snap-on, Inc.		6,143		668,481
Stanley Black & Decker, Inc.(1)		24,657		2,465,700
			$	9,934,870
Media — 1.7%
Charter Communications, Inc., Class A(1)(2)		9,419	$	4,109,604
Comcast Corp., Class A(1)		306,953		10,553,044
Hakuhodo DY Holdings, Inc.		20,900		210,880
			$	14,873,528
Metals & Mining — 0.9%
Glencore PLC		1,472,251	$	2,228,322
Mitsubishi Materials Corp.		5,100		104,260
Rio Tinto PLC(1)		127,078		5,825,541
			$	8,158,123
Multi-Utilities — 1.2%
CMS Energy Corp.(1)		108,509	$	6,374,904
Engie SA		212,752		2,178,675
NiSource, Inc.		42,420		1,059,228
Veolia Environnement SA		37,663		795,475
			$	10,408,282
Multiline Retail — 0.4%
Next PLC(1)		41,584	$	2,086,219
Target Corp.		15,229		1,415,840
			$	3,502,059
Oil, Gas & Consumable Fuels — 2.4%
BP PLC(1)		343,796	$	1,409,888
Chevron Corp.(1)		32,468		2,352,631
Eni SpA		26,016		258,533
Exxon Mobil Corp.		5,272		200,178
Idemitsu Kosan Co., Ltd.		16,200		369,744
Marathon Petroleum Corp.		27,916		659,376
Phillips 66(1)		36,105		1,937,033
Royal Dutch Shell PLC, Class A(1)		189,507		3,292,433
Royal Dutch Shell PLC, Class B		283,587		4,756,906
Total SA(1)		155,146		5,845,711
			$	21,082,433

7

Security	Shares		Value
Paper & Forest Products — 0.1%
Mondi PLC		38,326	$	646,775
Oji Holdings Corp.		13,000		69,110
			$	715,885
Personal Products — 2.1%
Estee Lauder Cos., Inc. (The), Class A(1)		25,480	$	4,059,983
Kao Corp.(1)		49,454		4,028,930
Unilever NV(1)		193,140		9,493,069
Unilever PLC		25,759		1,299,032
			$	18,881,014
Pharmaceuticals — 8.4%
Astellas Pharma, Inc.		205,900	$	3,172,375
AstraZeneca PLC(1)		97,424		8,680,371
Bayer AG(1)		32,735		1,875,664
Bristol-Myers Squibb Co.		37,686		2,100,618
Chugai Pharmaceutical Co., Ltd.		61,300		7,092,151
Eisai Co., Ltd.		13,646		998,169
Eli Lilly & Co.		13,232		1,835,543
Johnson & Johnson(1)		15,601		2,045,759
Merck & Co., Inc.(1)		103,665		7,975,985
Novartis AG(1)		154,782		12,769,326
Pfizer, Inc.		14,458		471,909
Roche Holding AG PC		50,591		16,277,242
Sanofi(1)		103,989		9,002,826
UCB SA		9,177		785,204
			$	75,083,142
Professional Services — 0.6%
Equifax, Inc.		15,217	$	1,817,671
Experian PLC		85,608		2,379,160
Recruit Holdings Co., Ltd.		12,500		322,891
Robert Half International, Inc.		30,884		1,165,871
Wolters Kluwer NV		961		68,145
			$	5,753,738
Real Estate Management & Development — 0.4%
CBRE Group, Inc., Class A(2)		37,761	$	1,423,967
Daito Trust Construction Co., Ltd.		6,300		585,040
Heiwa Real Estate Co., Ltd.		34,400		888,701
Sumitomo Realty & Development Co., Ltd.		23,000		561,610
			$	3,459,318
Road & Rail — 1.1%
Central Japan Railway Co.		3,400	$	544,922
CSX Corp.(1)		101,314		5,805,292
East Japan Railway Co.		2,900		219,444
Kansas City Southern		15,468		1,967,220
Keio Corp.		15,200		897,308
			$	9,434,186
Semiconductors & Semiconductor Equipment — 5.2%
ASML Holding NV		28,290	$	7,457,656
Infineon Technologies AG		90,000		1,299,217

8

Security	Shares		Value
Intel Corp.(1)		280,224	$	15,165,723
Marvell Technology Group, Ltd.		84,177		1,904,926
Maxim Integrated Products, Inc.		18,000		874,980
NXP Semiconductors NV(1)		40,985		3,398,886
STMicroelectronics NV		35,000		752,380
Texas Instruments, Inc.(1)		89,785		8,972,215
Tokyo Electron, Ltd.		36,500		6,802,630
			$	46,628,613
Software — 7.2%
Adobe, Inc.(1)(2)		13,000	$	4,137,120
Citrix Systems, Inc.(1)		33,243		4,705,547
Dassault Systemes SE		6,700		978,140
Microsoft Corp.(1)		298,327		47,049,151
Oracle Corp.(1)		74,688		3,609,671
Sage Group PLC (The)		313,890		2,282,465
salesforce.com, inc.(2)		4,000		575,920
Trend Micro, Inc.		14,097		696,141
			$	64,034,155
Specialty Retail — 2.3%
Fast Retailing Co., Ltd.		23,400	$	9,548,180
Fnac Darty SA(2)		922		24,371
Home Depot, Inc. (The)(1)		21,311		3,978,977
Lowe’s Cos., Inc.(1)		44,810		3,855,900
Tiffany & Co.(1)		19,173		2,482,904
USS Co., Ltd.		27,200		372,979
			$	20,263,311
Technology Hardware, Storage & Peripherals — 5.0%
Apple, Inc.(1)		170,296	$	43,304,570
Canon, Inc.		4,600		99,962
Hewlett Packard Enterprise Co.		78,955		766,653
HP, Inc.		39,615		687,716
			$	44,858,901
Textiles, Apparel & Luxury Goods — 2.7%
adidas AG		17,523	$	3,890,584
Kering(1)		8,281		4,317,817
LVMH Moet Hennessy Louis Vuitton SE(1)		32,072		11,762,440
NIKE, Inc., Class B(1)		52,928		4,379,263
			$	24,350,104
Tobacco — 1.2%
British American Tobacco PLC(1)		211,393	$	7,201,158
Japan Tobacco, Inc.		76,500		1,414,997
Philip Morris International, Inc.(1)		31,523		2,299,918
			$	10,916,073
Trading Companies & Distributors — 0.5%
Ferguson PLC		45,384	$	2,806,204
Marubeni Corp.		20,000		99,261
Mitsubishi Corp.		29,500		623,991
Sumitomo Corp.		96,700		1,102,790
			$	4,632,246

9

Security	Shares		Value
Transportation Infrastructure — 0.1%
Aeroports de Paris		6,667	$	644,072
			$	644,072
Wireless Telecommunication Services — 1.1%
KDDI Corp.		137,900	$	4,073,371
SoftBank Group Corp.		158,196		5,600,515
Vodafone Group PLC		100,000		138,344
			$	9,812,230
Total Common Stocks — 101.2% (identified cost $389,477,449)			$	901,058,831
Total Investments — 101.2% (identified cost $389,477,449)			$	901,058,831
Total Written Call Options — (2.3)% (premiums received $19,372,775)			$	(20,441,117	)
Other Assets, Less Liabilities — 1.1%			$	9,846,564
Net Assets — 100.0%			$	890,464,278

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 pledged as collateral for written options.

(2) Non-income producing security.

(3) 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 March 31, 2020, the aggregate value of these securities is $132,857 or less than 0.05% of the Fund’s net assets.

Country Concentration of Portfolio

Country	Percentage of Total Investments			Value
United States		55.6	%	$	500,781,946
Japan		11.3			101,875,426
United Kingdom		8.0			72,326,952
France		7.4			66,717,532
Switzerland		5.7			51,743,090
Germany		5.1			45,510,164
Netherlands		2.6			23,540,410
Spain		1.8			16,107,040
Ireland		1.3			11,628,708
Italy		0.8			6,929,020
Belgium		0.3			3,087,366
Denmark		0.1			811,177
Total Investments		100.0	%	$	901,058,831

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Written Call Options — (2.3)%

Exchange-Traded Options — (2.3)%

Description	Number of Contracts		Notional Amount			Exercise Price			Expiration Date		Value
Dow Jones Euro Stoxx 50 Index		1,320		EUR	36,787,080		EUR	3,450		4/3/20	$	(32	)
Dow Jones Euro Stoxx 50 Index		1,440		EUR	40,131,360		EUR	2,900		4/9/20		(454,898	)
Dow Jones Euro Stoxx 50 Index		1,430		EUR	39,852,670		EUR	2,750		4/17/20		(1,948,158	)
Dow Jones Euro Stoxx 50 Index		1,380		EUR	38,459,220		EUR	2,900		4/24/20		(957,340	)
FTSE 100 Index		620		GBP	35,166,400		GBP	5,500		4/17/20		(2,341,608	)
FTSE 100 Index		600		GBP	34,032,000		GBP	5,700		4/17/20		(1,369,910	)
NASDAQ 100 Index		21		USD	16,408,350		USD	9,000		4/3/20		(1,995	)
NASDAQ 100 Index		22		USD	17,189,700		USD	8,800		4/6/20		(4,620	)
NASDAQ 100 Index		21		USD	16,408,350		USD	8,750		4/8/20		(10,658	)
NASDAQ 100 Index		20		USD	15,627,000		USD	8,100		4/9/20		(225,400	)
NASDAQ 100 Index		20		USD	15,627,000		USD	7,800		4/13/20		(559,500	)
NASDAQ 100 Index		20		USD	15,627,000		USD	7,900		4/15/20		(483,000	)
NASDAQ 100 Index		20		USD	15,627,000		USD	7,800		4/17/20		(629,900	)
NASDAQ 100 Index		20		USD	15,627,000		USD	7,600		4/20/20		(924,000	)
NASDAQ 100 Index		20		USD	15,627,000		USD	7,900		4/22/20		(591,900	)
NASDAQ 100 Index		20		USD	15,627,000		USD	8,000		4/24/20		(521,200	)
NASDAQ 100 Index		20		USD	15,627,000		USD	8,100		4/27/20		(433,300	)
NASDAQ 100 Index		20		USD	15,627,000		USD	8,300		4/29/20		(304,300	)
Nikkei 225 Index		140		JPY	2,648,381,400		JPY	21,625		4/3/20		(4,599	)
Nikkei 225 Index		135		JPY	2,553,796,350		JPY	20,000		4/10/20		(288,452	)
Nikkei 225 Index		140		JPY	2,648,381,400		JPY	18,500		4/17/20		(1,452,522	)
Nikkei 225 Index		130		JPY	2,459,211,300		JPY	20,000		4/24/20		(498,857	)
S&P 500 Index		96		USD	24,812,064		USD	3,025		4/6/20		(1,920	)
S&P 500 Index		91		USD	23,519,769		USD	3,000		4/8/20		(3,185	)
S&P 500 Index		86		USD	22,227,474		USD	2,850		4/9/20		(21,930	)
S&P 500 Index		94		USD	24,295,146		USD	2,700		4/13/20		(291,400	)
S&P 500 Index		93		USD	24,036,687		USD	2,600		4/15/20		(793,755	)
S&P 500 Index		89		USD	23,002,851		USD	2,600		4/17/20		(825,920	)
S&P 500 Index		91		USD	23,519,769		USD	2,525		4/20/20		(1,310,400	)
S&P 500 Index		92		USD	23,778,228		USD	2,525		4/22/20		(1,387,360	)
S&P 500 Index		89		USD	23,002,851		USD	2,700		4/24/20		(507,300	)
S&P 500 Index		91		USD	23,519,769		USD	2,700		4/27/20		(549,640	)
S&P 500 Index		90		USD	23,261,310		USD	2,750		4/29/20		(377,550	)
SMI Index		370		CHF	34,454,104		CHF	9,800		4/17/20		(364,608	)
Total											$	(20,441,117	)

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

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At March 31, 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 March 31, 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	$	82,811,187		$	23,074,382		$	—	$	105,885,569
Consumer Discretionary		66,189,877			47,047,883			—		113,237,760
Consumer Staples		29,224,848			58,931,686			—		88,156,534
Energy		5,149,218			15,933,215			—		21,082,433
Financials		35,833,283			44,317,303			—		80,150,586
Health Care		64,636,345			65,613,680			—		130,250,025
Industrials		33,819,119			48,319,147			—		82,138,266
Information Technology		164,327,795			40,394,714			—		204,722,509
Materials		7,199,232			35,659,682			—		42,858,914
Real Estate		6,013,877			2,546,678			—		8,560,555
Utilities		8,976,051			15,039,629			—		24,015,680
Total Common Stocks	$	504,180,832		$	396,877,999	*	$	—	$	901,058,831
Total Investments	$	504,180,832		$	396,877,999		$	—	$	901,058,831
Liability Description
Written Call Options	$	(10,760,133	)	$	(9,680,984	)	$	—	$	(20,441,117	)
Total	$	(10,760,133	)	$	(9,680,984	)	$	—	$	(20,441,117	)

* 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.

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