Evergreen Global Dividend Opportunity Fund (Other) (N-Q)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number 811-22005

Evergreen Global Dividend Opportunity Fund

(Exact name of registrant as specified in charter)

200 Berkeley Street

Boston, Massachusetts 02116

(Address of principal executive offices) (Zip code)

Michael H. Koonce, Esq.

200 Berkeley Street

Boston, Massachusetts 02116

(Name and address of agent for service)

Registrant’s telephone number, including area code: [phone]

 

Date of fiscal year end:

Registrant is making a quarterly filing for one of its series, Evergreen Global Dividend Opportunity Fund, for the quarter ended July 31, 2007. This one series has an October 31 fiscal year end.

Date of reporting period: July 31, 2007

 

 

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Item 1 – Schedule of Investments

 

 

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EVERGREEN GLOBAL DIVIDEND OPPORTUNITY FUND SCHEDULE OF INVESTMENTS
July 31, 2007 (unaudited)
		Country		Shares			Value
COMMON STOCKS      74.5%
ENERGY      3.9%
Oil, Gas & Consumable Fuels      3.9%
Copano Energy, LLC		United States			350,000		$	14,675,500
ENI SpA		Italy			375,000			13,113,320
Enterprise Products Partners, LP		United States			51,000			1,586,100
Martin Midstream Partners, LP		United States			150,000			6,129,000
								35,503,920
FINANCIALS      0.4%
Capital Markets      0.4%
Charles Schwab Corp.		United States			200,000			4,026,000
INDUSTRIALS      0.1%
Transportation Infrastructure    0.1%
Macquarie Infrastructure Co., LLC		United States			20,000			795,800
TELECOMMUNICATION SERVICES      17.3%
Diversified Telecommunication Services      11.4%
AT&T, Inc. µ		United States			300,000			11,748,000
BT Group plc		United Kingdom			8,000,000			51,016,638
Chunghwa Telecom Co., Ltd., ADR		Taiwan			110,000			1,823,800
France Telecom		France			511,539			13,739,455
Telecom Italia SpA		Italy			4,000,000			8,621,114
Verizon Communications, Inc. µ		United States			360,000			15,343,200
								102,292,207
Wireless Telecommunication Services      5.9%
MetroPCS Communications, Inc. *		United States			174,000			6,371,880
Vodafone Group plc *		United Kingdom			15,400,000			46,809,030
								53,180,910
UTILITIES      52.8%
Electric Utilities      24.7%
British Energy Group plc *		United Kingdom			2,000,000			20,215,492
Drax Group plc		United Kingdom			2			21
E.ON AG		Germany			125,000			19,729,350
Edison International		United States			185,000			9,784,650
Enel SpA		Italy			675,000			6,967,745
Entergy Corp.		United States			200,000			19,992,000
Exelon Corp.		United States			440,000			30,866,000
FirstEnergy Corp.		United States			500,000			30,375,000
Portland General Electric Co.		United States			350,000			9,418,500
Red Electrica de Espana SA		Spain			550,000			24,822,069
Scottish & Southern Energy plc		United Kingdom			1,600,000			46,616,038
TERNA SpA		Italy			1,000,000			3,420,672
								222,207,537
Gas Utilities      3.7%
Enagas SA		Spain			1,375,000			32,916,608
Independent Power Producers & Energy Traders      3.1%
Calpine Corp. *		United States			2,358,900			6,486,975
Constellation Energy Group, Inc. µ		United States			225,000			18,855,000
Dynegy, Inc., Class A *		United States			280,000			2,494,800
								27,836,775
Multi-Utilities      15.2%
National Grid plc		United Kingdom			2,500,000			35,457,341
Public Service Enterprise Group, Inc.		United States			200,000			17,230,000
RWE AG		Germany			300,000			31,699,365
SUEZ		France			1,000,000			52,443,564
								136,830,270

 

 

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EVERGREEN GLOBAL DIVIDEND OPPORTUNITY FUND SCHEDULE OF INVESTMENTS continued
July 31, 2007 (unaudited)
		Country		Shares			Value
COMMON STOCKS      continued
UTILITIES      continued
Water Utilities      6.1%
Kelda Group plc		United Kingdom			3,014,246		$	51,323,073
Pennichuck Corp.		United States			20,800			548,496
Pennon Group plc		United Kingdom			268,618			3,300,816
								55,172,385
Total Common Stocks      (cost $715,854,469)								670,762,412
PREFERRED STOCKS      13.0%
FINANCIALS      4.2%
Real Estate Investment Trusts      4.2%
Thornburg Mortgage, Inc., 7.50%		United States			1,575,000			37,760,625
Thrifts & Mortgage Finance      0.0%
Freddie Mac, 5.00%		United States			9,000			386,438
MATERIALS      0.0%
Metals & Mining      0.0%
Ryerson, Inc., Ser. A, 2.40%		United States			5,012			196,721
TELECOMMUNICATION SERVICES      7.4%
Diversified Telecommunication Services      7.4%
Telstra Corp., Var. Rate Pfd.		Australia			25,000,000			66,170,859
UTILITIES      1.4%
Electric Utilities      1.3%
Carolina Power & Light Co., 5.00%		United States			2,000			177,563
Consolidated Edison, Inc., 5.00%		United States			22,250			2,009,731
Entergy Gulf States, Inc., 4.40%		United States			4,220			423,582
Entergy Gulf States, Inc., 5.08%		United States			1,060			104,675
Entergy Gulf States, Inc., 7.56%		United States			1,118			118,228
Indianapolis Power & Light Co., 4.20%		United States			20,000			1,775,000
MidAmerican Energy Co., 4.35%		United States			13,017			1,186,988
Pacific Enterprises, 4.40%		United States			10,300			882,904
Pacific Gas & Electric Co., 4.80%		United States			185,600			4,022,880
Peco Energy Co., 4.68%		United States			7,240			635,310
South Carolina Electric & Gas Co., 5.00%		United States			2,000			90,000
Southern California Edison Co., 4.78%		United States			30,000			654,000
Southern California Edison Co., Ser. B, 4.08%		United States			2,200			41,096
								12,121,957
Gas Utilities      0.1%
Public Service Electric & Gas Co., 5.28%		United States			5,900			554,600
Total Preferred Stocks    (cost $120,538,313)								117,191,200
MUTUAL FUND SHARES      0.1%
Tortoise Energy Capital Corp.     (cost $700,700)		United States			22,000			632,940
SHORT-TERM INVESTMENTS      3.5%
MUTUAL FUND SHARES      3.5%
Evergreen Institutional Money Market Fund, Class I, 5.22% q ø     (cost $31,769,858)		United States			31,769,858			31,769,858
Total Investments      (cost $868,863,340)      91.1%								820,356,410
Other Assets and Liabilities      8.9%								79,725,628
Net Assets Applicable to Common Shareholders      100.0%							$	900,082,038

*	Non-income producing security
µ	All or a portion of this security is pledged as collateral for written call options.
q	Rate shown is the 7-day annualized yield at period end.
ø	Evergreen Investment Management Company, LLC is the investment advisor to both the Fund and the money market fund.

 

 

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EVERGREEN GLOBAL DIVIDEND OPPORTUNITY FUND SCHEDULE OF INVESTMENTS continued

July 31, 2007 (unaudited)

Summary of Abbreviations

ADR	American Depository Receipt

The following table shows the percent of total long-term investments by geographic location as of July 31, 2007:

 

United States	32.8%
United Kingdom	32.3%
France	8.4%
Australia	8.4%
Spain	7.3%
Germany	6.5%
Italy	4.1%
Taiwan	0.2%
	100.0%

Open call options written as of July 31, 2007 were as follows:

 

Expiration		Index/Exchange-Traded		Number of			Strike		Market			Premiums
Date		Funds		Contracts			Price/Rate		Value			Received
08/17/2007		AMEX Securities Broker/Dealer Index		1,350			270 USD		$58			$91,800
08/17/2007		CAC 40 Index		416			6,340 EUR		199			53,386
08/17/2007		Hang Seng Index		230			24,700 HKD		10,301			51,467
08/17/2007		Internet HOLDRs Trust		5,639			65 USD		8,910			112,780
08/17/2007		Oil Service HOLDRs Trust		1,876			194 USD		28,328			358,316
08/17/2007		PHLX Housing Sector Index		1,616			225 USD		16,160			124,432
08/17/2007		Russell 2000 Index		403			900 USD		6,045			38,285
08/17/2007		Semiconductor HOLDRs Trust		8,507			43 USD		595			190,557
08/17/2007		Swiss Market Index		455			9,600 CHF		3,024			29,916
08/18/2007		Nasdaq 100 Stock Index		168			2,150 USD		5,040			51,576

On July 31, 2007, the aggregate cost of securities for federal income tax purposes was $868,863,340. The gross unrealized appreciation and depreciation on securities based on tax cost was $8,863,557 and $57,370,487, respectively, with a net unrealized depreciation of $48,506,930.

 

 

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Item 2 - Controls and Procedures

(a)

The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely.

(b)

There has been no change in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonable likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 - Exhibits

File the exhibits listed below as part of this Form. Letter or number the exhibits in the sequence indicated.

(a)

Separate certifications for the registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached as EX-99.CERT.

 

 

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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.

 

Evergreen Global Dividend Opportunity Fund
By:
	Dennis H. Ferro, Principal Executive Officer
Date: September 28, 2007

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:
	Dennis H. Ferro, Principal Executive Officer
Date: September 28, 2007
By:
	Kasey Phillips Principal Financial Officer
Date: September 28, 2007

 

 

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