OMB APPROVAL

OMB Number: 3235-0578
 
Expires: May 31, 2007
 
Estimated average burden hours per response: 21.09
 

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 811-21799

Evergreen International Balanced Income 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: (617) 210-3200

 

Date of fiscal year end:

Registrant is making a quarterly filing for one of its series, Evergreen International Balanced Income Fund, for the quarter ended January 31, 2010. This series has October 31 fiscal year end.

Date of reporting period: January 31, 2010

 

 

 


Item 1 – Schedule of Investments

 

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS

January 31, 2010 (unaudited)

 

 

Principal
Amount

 

Value

 

CORPORATE BONDS      0.4%

 

 

 

 

 

 

 

FINANCIALS      0.2%

 

 

 

 

 

 

 

Capital Markets      0.2%

 

 

 

 

 

 

 

BP Capital Markets plc, 5.25%, 11/07/2013

 

$

400,000

 

$

441,356

 

INDUSTRIALS      0.2%

 

 

 

 

 

 

 

Commercial Services & Supplies      0.2%

 

 

 

 

 

 

 

ARAMARK Corp., 8.50%, 02/01/2015

 

 

350,000

 

 

350,875

 

Total Corporate Bonds      (cost $771,761)

 

 

 

 

 

792,231

 

FOREIGN BONDS – CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)      13.6%

 

 

 

 

CONSUMER DISCRETIONARY      1.0%

 

 

 

 

 

 

 

Hotels, Restaurants & Leisure      0.2%

 

 

 

 

 

 

 

Royal Caribbean Cruises, Ltd., 5.625%, 01/27/2014 EUR

 

 

255,000

 

 

327,040

 

Media      0.8%

 

 

 

 

 

 

 

Central European Media Enterprises, Ltd., FRN, 2.62%, 05/15/2014 EUR

 

 

500,000

 

 

533,802

 

UPC Holding BV:

 

 

 

 

 

 

 

8.00%, 11/01/2016 EUR

 

 

250,000

 

 

337,959

 

9.625%, 12/01/2019 EUR ρ

 

 

450,000

 

 

641,445

 

 

 

 

 

 

 

1,513,206

 

CONSUMER STAPLES      0.7%

 

 

 

 

 

 

 

Beverages      0.1%

 

 

 

 

 

 

 

Central European Distribution Corp., 8.875%, 12/01/2016 EUR

 

 

80,000

 

 

113,693

 

Food & Staples Retailing      0.4%

 

 

 

 

 

 

 

Casino Guichard-Perrachon SA, 6.375%, 04/04/2013 EUR

 

 

500,000

 

 

767,538

 

Tobacco      0.2%

 

 

 

 

 

 

 

Imperial Tobacco Group plc, 8.375%, 02/17/2016 EUR

 

 

300,000

 

 

511,118

 

ENERGY      0.4%

 

 

 

 

 

 

 

Energy Equipment & Services      0.4%

 

 

 

 

 

 

 

Tesco plc, 4.75%, 04/13/2010 EUR

 

 

500,000

 

 

697,952

 

FINANCIALS      8.3%

 

 

 

 

 

 

 

Capital Markets      3.1%

 

 

 

 

 

 

 

Ahold Finance USA, Inc., 6.50%, 03/14/2017 GBP

 

 

200,000

 

 

343,975

 

Ambev International Finance Co., Ltd., 9.50%, 07/24/2017 BRL

 

 

5,000,000

 

 

2,625,995

 

Goldman Sachs Group, Inc., 4.50%, 01/30/2017 EUR

 

 

550,000

 

 

767,048

 

Merrill Lynch & Co., Inc., 10.71%, 03/08/2017 BRL

 

 

2,000,000

 

 

1,022,546

 

Morgan Stanley, 10.09%, 05/03/2017 BRL

 

 

2,000,000

 

 

997,347

 

 

 

 

 

 

 

5,756,911

 

Commercial Banks      3.5%

 

 

 

 

 

 

 

KfW Bankengruppe, 4.875%, 01/15/2013 GBP

 

 

235,000

 

 

402,015

 

Kommunalbanken AS, 6.00%, 02/25/2011 AUD

 

 

5,900,000

 

 

5,267,295

 

Landwirtschaftliche Rentenbank, 5.75%, 01/21/2015 AUD

 

 

850,000

 

 

742,790

 

 

 

 

 

 

 

6,412,100

 

Consumer Finance      0.4%

 

 

 

 

 

 

 

Cemex Finance, LLC, 9.625%, 12/14/2017 EUR

 

 

90,000

 

 

128,113

 

SLM Corp., 5.375%, 12/15/2010 GBP

 

 

185,000

 

 

284,692

 

Wind Acquisition Finance SpA, 9.75%, 12/01/2015 EUR

 

 

250,000

 

 

364,823

 

 

 

 

 

 

 

777,628

 

Diversified Financial Services      1.3%

 

 

 

 

 

 

 

ABB International Finance, Ltd., 4.625%, 06/06/2013 EUR

 

 

1,000,000

 

 

1,473,946

 

CEDC Financial Corporation International, Inc., 8.875%, 12/01/2016 EUR

 

 

150,000

 

 

213,174

 

Dubai Holding Commercial Operations Group, LLC:

 

 

 

 

 

 

 

4.75%, 01/30/2014 EUR

 

 

450,000

 

 

389,953

 

6.00%, 02/01/2017 GBP

 

 

250,000

 

 

227,786

 

 

 

 

 

 

 

2,304,859

 

 

 

 

1

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS continued

January 31, 2010 (unaudited)

 

 

Principal
Amount

 

Value

 

FOREIGN BONDS – CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)      continued

 

 

INDUSTRIALS      1.2%

 

 

 

 

 

 

 

Aerospace & Defense      0.4%

 

 

 

 

 

 

 

Bombardier, Inc., 7.25%, 11/15/2016 EUR

 

 

500,000

 

$

722,713

 

Building Products      0.2%

 

 

 

 

 

 

 

Heidelberg Cement AG, 8.00%, 01/31/2017 EUR

 

 

200,000

 

 

287,003

 

Commercial Services & Supplies      0.3%

 

 

 

 

 

 

 

Iron Mountain, Inc., 6.75%, 10/15/2018 EUR

 

 

450,000

 

 

608,326

 

Machinery      0.3%

 

 

 

 

 

 

 

Savcio Holdings, Ltd., 8.00%, 02/15/2013 EUR

 

 

400,000

 

 

532,416

 

MATERIALS      0.9%

 

 

 

 

 

 

 

Chemicals      0.5%

 

 

 

 

 

 

 

Kerling plc, 10.625%, 01/28/2017 EUR o

 

 

220,000

 

 

303,178

 

Rockwood Specialties Group, Inc., 7.625%, 11/15/2014 EUR

 

 

450,000

 

 

620,805

 

 

 

 

 

 

 

923,983

 

Containers & Packaging      0.3%

 

 

 

 

 

 

 

Owens-Illinois European Group BV, 6.875%, 03/31/2017 EUR

 

 

390,000

 

 

532,624

 

Metals & Mining      0.1%

 

 

 

 

 

 

 

New World Resources NV, 7.375%, 05/15/2015 EUR

 

 

200,000

 

 

259,275

 

TELECOMMUNICATION SERVICES      0.6%

 

 

 

 

 

 

 

Diversified Telecommunication Services      0.6%

 

 

 

 

 

 

 

Telecom Italia SpA, 7.25%, 04/24/2012 EUR

 

 

700,000

 

 

1,067,482

 

UTILITIES      0.5%

 

 

 

 

 

 

 

Independent Power Producers & Energy Traders    0.1%

 

 

 

 

 

 

 

Infinis plc, 9.125%, 12/15/2014 GBP

 

 

75,000

 

 

122,842

 

Multi-Utilities      0.4%

 

 

 

 

 

 

 

Veolia Environnement SA, 4.375%, 01/16/2017 EUR

 

 

530,000

 

 

755,564

 

Total Foreign Bonds – Corporate (Principal Amount Denominated in Currency Indicated)      (cost $23,117,935)

 

 

24,994,273

 

FOREIGN BONDS – GOVERNMENT (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)      14.6%

 

 

 

 

Brazil, 10.25%, 01/10/2028 BRL

 

 

2,200,000

 

 

1,175,862

 

Canada, 6.25%, 06/15/2015 NZD

 

 

4,785,000

 

 

3,436,641

 

Hungary, 6.75%, 02/24/2017 HUF

 

 

575,000,000

 

 

2,759,852

 

Korea:

 

 

 

 

 

 

 

5.25%, 09/10/2015 KRW

 

 

4,700,000,000

 

 

4,107,337

 

5.25%, 03/10/2027 KRW

 

 

1,903,000,000

 

 

1,592,284

 

Malaysia, 4.24%, 02/07/2018 MYR

 

 

11,450,000

 

 

3,383,030

 

Mexico, 10.00%, 12/05/2024 MXN

 

 

70,230,000

 

 

6,200,429

 

Morocco, 5.375%, 06/27/2017 EUR

 

 

450,000

 

 

636,403

 

Norway, 4.25%, 05/19/2017 NOK

 

 

16,500,000

 

 

2,860,930

 

Peru, 7.50%, 10/14/2014 EUR

 

 

250,000

 

 

388,826

 

Ukraine, 4.95%, 10/13/2015 EUR

 

 

250,000

 

 

266,901

 

Total Foreign Bonds – Government (Principal Amount Denominated in Currency Indicated)      (cost $29,454,245)

 

26,808,495

 

YANKEE OBLIGATIONS – CORPORATE      1.8%

 

 

 

 

 

 

 

CONSUMER DISCRETIONARY      0.3%

 

 

 

 

 

 

 

Multiline Retail      0.3%

 

 

 

 

 

 

 

Marks & Spencer Group plc, 6.25%, 12/01/2017

 

$

500,000

 

 

521,169

 

CONSUMER STAPLES      0.3%

 

 

 

 

 

 

 

Food & Staples Retailing      0.3%

 

 

 

 

 

 

 

Tesco plc, 5.50%, 11/15/2017

 

 

500,000

 

 

537,250

 

 

 

2

 

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS continued

January 31, 2010 (unaudited)

 

 

Principal
Amount

 

Value

 

YANKEE OBLIGATIONS – CORPORATE      continued

 

 

 

 

 

 

 

FINANCIALS      0.5%

 

 

 

 

 

 

 

Commercial Banks      0.3%

 

 

 

 

 

 

 

Eurasian Development Bank, 7.375%, 09/29/2014 144A

 

$

500,000

 

$

531,176

 

Consumer Finance      0.2%

 

 

 

 

 

 

 

Virgin Media Finance plc, 9.125%, 08/15/2016

 

 

330,000

 

 

343,200

 

UTILITIES      0.7%

 

 

 

 

 

 

 

Electric Utilities      0.7%

 

 

 

 

 

 

 

E.ON AG, 5.80%, 04/30/2018

 

 

1,200,000

 

 

1,283,115

 

Total Yankee Obligations – Corporate      (cost $2,904,273)

 

 

 

 

 

3,215,910

 

YANKEE OBLIGATIONS – GOVERNMENT      0.9%

 

 

 

 

 

 

 

Colombia, 7.375%, 03/18/2019

 

 

600,000

 

 

670,500

 

Georgia, 7.50%, 04/15/2013

 

 

250,000

 

 

258,748

 

Philippines, 8.00%, 01/15/2016

 

 

350,000

 

 

407,312

 

Vietnam, 6.75%, 01/29/2020 144A

 

 

300,000

 

 

301,056

 

Total Yankee Obligations – Government      (cost $1,520,405)

 

 

 

 

 

1,637,616

 

 

 

 

Country

 

Shares

 

Value

 

COMMON STOCKS      62.6%

 

 

 

 

 

 

 

 

CONSUMER DISCRETIONARY      5.5%

 

 

 

 

 

 

 

 

Auto Components      0.3%

 

 

 

 

 

 

 

 

Nokian Renkaat Oyj ρ

 

Finland

 

22,527

 

 

543,523

 

Automobiles    1.0%

 

 

 

 

 

 

 

 

Daimler AG

 

Germany

 

17,857

 

 

822,903

 

Isuzu Motors, Ltd. * ρ

 

Japan

 

277,000

 

 

588,370

 

Toyota Motor Corp.

 

Japan

 

12,100

 

 

464,027

 

 

 

 

 

 

 

 

1,875,300

 

Household Durables      0.8%

 

 

 

 

 

 

 

 

Bovis Homes Group plc *

 

United Kingdom

 

34,270

 

 

216,218

 

Makita Corp.

 

Japan

 

38,000

 

 

1,270,237

 

 

 

 

 

 

 

 

1,486,455

 

Internet & Catalog Retail      0.6%

 

 

 

 

 

 

 

 

N. Brown Group plc

 

United Kingdom

 

315,626

 

 

1,136,860

 

Media      1.8%

 

 

 

 

 

 

 

 

Pearson plc

 

United Kingdom

 

69,673

 

 

989,703

 

Vivendi SA

 

France

 

43,833

 

 

1,134,752

 

Wolters Kluwer NV

 

Netherlands

 

21,170

 

 

440,556

 

WPP plc

 

United Kingdom

 

70,265

 

 

648,460

 

 

 

 

 

 

 

 

3,213,471

 

Multiline Retail      0.4%

 

 

 

 

 

 

 

 

PPR SA

 

France

 

6,766

 

 

823,887

 

Specialty Retail      0.6%

 

 

 

 

 

 

 

 

Inditex SA

 

Spain

 

16,889

 

 

1,061,504

 

CONSUMER STAPLES      8.5%

 

 

 

 

 

 

 

 

Beverages      2.0%

 

 

 

 

 

 

 

 

Anheuser-Busch InBev NV

 

Belgium

 

42,369

 

 

2,115,712

 

Carlsberg AS, Class B

 

Denmark

 

11,357

 

 

842,115

 

Foster’s Group, Ltd.

 

Australia

 

130,081

 

 

609,582

 

 

 

 

 

 

 

 

3,567,409

 

Food Products      2.4%

 

 

 

 

 

 

 

 

Nestle SA

 

Switzerland

 

28,139

 

 

1,331,525

 

Unilever NV ρ

 

Netherlands

 

100,198

 

 

3,075,840

 

 

 

 

 

 

 

 

4,407,365

 

 

 

 

3

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS continued

January 31, 2010 (unaudited)

 

 

Country

 


Shares

 

Value

 

COMMON STOCKS      continued

 

 

 

 

 

 

 

 

CONSUMER STAPLES      continued

 

 

 

 

 

 

 

 

Household Products      1.5%

 

 

 

 

 

 

 

 

McBride plc

 

United Kingdom

 

210,429

 

$

730,854

 

Reckitt Benckiser Group plc

 

United Kingdom

 

38,534

 

 

2,002,934

 

 

 

 

 

 

 

 

2,733,788

 

Tobacco      2.6%

 

 

 

 

 

 

 

 

British American Tobacco plc

 

United Kingdom

 

80,273

 

 

2,646,699

 

Imperial Tobacco Group plc

 

United Kingdom

 

42,062

 

 

1,358,708

 

Swedish Match AB

 

Sweden

 

39,301

 

 

824,370

 

 

 

 

 

 

 

 

4,829,777

 

ENERGY      4.7%

 

 

 

 

 

 

 

 

Energy Equipment & Services      1.2%

 

 

 

 

 

 

 

 

Fred. Olsen Energy ASA ρ

 

Norway

 

23,110

 

 

899,435

 

Technip SA

 

France

 

13,836

 

 

935,709

 

Transocean, Ltd. *

 

Switzerland

 

4,716

 

 

399,634

 

 

 

 

 

 

 

 

2,234,778

 

Oil, Gas & Consumable Fuels      3.5%

 

 

 

 

 

 

 

 

BG Group plc

 

United Kingdom

 

34,815

 

 

637,570

 

Canadian Natural Resources, Ltd.

 

Canada

 

11,557

 

 

737,681

 

Cenovus Energy, Inc.

 

Canada

 

25,993

 

 

600,689

 

EnCana Corp.

 

Canada

 

25,993

 

 

794,923

 

StatoilHydro ASA

 

Norway

 

25,816

 

 

577,753

 

Total SA

 

France

 

51,046

 

 

2,964,923

 

 

 

 

 

 

 

 

6,313,539

 

FINANCIALS      12.4%

 

 

 

 

 

 

 

 

Capital Markets      0.9%

 

 

 

 

 

 

 

 

ICAP plc

 

United Kingdom

 

152,573

 

 

895,955

 

Man Group plc

 

United Kingdom

 

195,051

 

 

736,535

 

 

 

 

 

 

 

 

1,632,490

 

Commercial Banks      4.2%

 

 

 

 

 

 

 

 

Banco Santander SA ρ

 

Spain

 

36,977

 

 

520,985

 

Bank Leumi Le-Israel BM *

 

Israel

 

212,958

 

 

906,424

 

Danske Bank AS *

 

Denmark

 

12,200

 

 

292,340

 

HSBC Holdings plc-London Exchange

 

United Kingdom

 

203,984

 

 

2,186,246

 

Nordea Bank AB

 

Sweden

 

84,000

 

 

771,096

 

Sparebanken Nord-Norge

 

Norway

 

51,900

 

 

954,743

 

Standard Chartered plc

 

United Kingdom

 

39,977

 

 

913,916

 

Svenska Handelsbanken, Ser. A

 

Sweden

 

14,000

 

 

366,806

 

Westpac Banking Corp.

 

Australia

 

37,237

 

 

782,368

 

 

 

 

 

 

 

 

7,694,924

 

Diversified Financial Services      2.0%

 

 

 

 

 

 

 

 

ASX, Ltd.

 

Australia

 

42,047

 

 

1,263,485

 

Deutsche Boerse AG

 

Germany

 

14,930

 

 

984,035

 

Guoco Group, Ltd.

 

Bermuda

 

76,000

 

 

744,067

 

Hellenic Exchanges Holding SA

 

Greece

 

73,576

 

 

780,377

 

 

 

 

 

 

 

 

3,771,964

 

Insurance      4.8%

 

 

 

 

 

 

 

 

AMP, Ltd.

 

Australia

 

111,097

 

 

612,636

 

AXA SA

 

France

 

22,309

 

 

461,500

 

Lancashire Holdings plc

 

Bermuda

 

242,760

 

 

1,733,602

 

Muenchener Rueckversicherungs-Gesellschaft AG

 

Germany

 

16,455

 

 

2,468,497

 

Sampo Oyj, Class A

 

Finland

 

26,368

 

 

639,111

 

Scor SE

 

France

 

24,358

 

 

563,601

 

 

 

4

 

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS continued

January 31, 2010 (unaudited)

 

 

Country

 


Shares

 

Value

 

COMMON STOCKS      continued

 

 

 

 

 

 

 

 

FINANCIALS      continued

 

 

 

 

 

 

 

 

Insurance      continued

 

 

 

 

 

 

 

 

Suncorp-Metway, Ltd.

 

Australia

 

78,058

 

$

611,510

 

Zurich Financial Services AG

 

Switzerland

 

7,918

 

 

1,677,812

 

 

 

 

 

 

 

 

8,768,269

 

Real Estate Investment Trusts (REITs)      0.5%

 

 

 

 

 

 

 

 

Nippon Building Fund, Inc.

 

Japan

 

64

 

 

569,080

 

Parkway Life

 

Singapore

 

577

 

 

532

 

Westfield Group Australia

 

Australia

 

32,290

 

 

359,555

 

 

 

 

 

 

 

 

929,167

 

HEALTH CARE      3.3%

 

 

 

 

 

 

 

 

Health Care Equipment & Supplies      0.2%

 

 

 

 

 

 

 

 

Fresenius SE

 

Germany

 

6,329

 

 

389,718

 

Pharmaceuticals      3.1%

 

 

 

 

 

 

 

 

AstraZeneca plc

 

United Kingdom

 

19,730

 

 

917,294

 

Bayer AG

 

Germany

 

11,526

 

 

785,193

 

GlaxoSmithKline plc

 

United Kingdom

 

92,859

 

 

1,807,760

 

Novartis AG

 

Switzerland

 

16,707

 

 

894,830

 

Roche Holding AG

 

Switzerland

 

7,271

 

 

1,221,137

 

 

 

 

 

 

 

 

5,626,214

 

INDUSTRIALS      7.3%

 

 

 

 

 

 

 

 

Air Freight & Logistics      0.8%

 

 

 

 

 

 

 

 

Oesterreichische Post AG

 

Austria

 

56,450

 

 

1,530,969

 

Building Products      0.4%

 

 

 

 

 

 

 

 

Assa Abloy AB, Class B

 

Sweden

 

49,000

 

 

844,426

 

Commercial Services & Supplies      0.8%

 

 

 

 

 

 

 

 

Brunel International NV

 

Netherlands

 

18,435

 

 

669,453

 

SThree plc

 

United Kingdom

 

151,128

 

 

733,493

 

 

 

 

 

 

 

 

1,402,946

 

Construction & Engineering      0.3%

 

 

 

 

 

 

 

 

Skanska AB, B Shares

 

Sweden

 

42,200

 

 

655,881

 

Machinery      1.2%

 

 

 

 

 

 

 

 

Komatsu, Ltd. ρ

 

Japan

 

24,300

 

 

486,311

 

Sandvik AB

 

Sweden

 

68,000

 

 

737,866

 

Sumitomo Heavy Industries, Ltd. *

 

Japan

 

199,000

 

 

1,016,002

 

 

 

 

 

 

 

 

2,240,179

 

Professional Services      2.5%

 

 

 

 

 

 

 

 

Hays plc

 

United Kingdom

 

1,099,776

 

 

1,923,767

 

Monster Worldwide, Inc. * ρ

 

United States

 

80,445

 

 

1,254,138

 

Randstad Holding NV *

 

Netherlands

 

15,564

 

 

743,490

 

USG People NV *

 

Netherlands

 

32,353

 

 

620,835

 

 

 

 

 

 

 

 

4,542,230

 

Trading Companies & Distributors      0.7%

 

 

 

 

 

 

 

 

Ashtead Group plc

 

United Kingdom

 

542,726

 

 

733,051

 

Travis Perkins plc *

 

United Kingdom

 

42,952

 

 

500,953

 

 

 

 

 

 

 

 

1,234,004

 

Transportation Infrastructure      0.6%

 

 

 

 

 

 

 

 

MAP Group-Australian Exchange

 

Australia

 

428,998

 

 

1,050,547

 

INFORMATION TECHNOLOGY      1.7%

 

 

 

 

 

 

 

 

Internet Software & Services      0.3%

 

 

 

 

 

 

 

 

Netease.com, Inc. *

 

Cayman Islands

 

17,064

 

 

559,699

 

 

 

 

5

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS continued

January 31, 2010 (unaudited)

 

 

Country

 


Shares

 

Value

 

COMMON STOCKS      continued

 

 

 

 

 

 

 

 

INFORMATION TECHNOLOGY      continued

 

 

 

 

 

 

 

 

Office Electronics      0.5%

 

 

 

 

 

 

 

 

Neopost

 

France

 

12,529

 

$

999,258

 

Semiconductors & Semiconductor Equipment    0.9%

 

 

 

 

 

 

 

 

Elpida Memory, Inc. *

 

Japan

 

45,300

 

 

793,192

 

Taiwan Semiconductor Manufacturing Co., Ltd.

 

Taiwan

 

165,441

 

 

315,684

 

Taiwan Semiconductor Manufacturing Co., Ltd., ADR

 

Taiwan

 

54,343

 

 

552,125

 

United Microelectronics Corp. *

 

Taiwan

 

2

 

 

1

 

 

 

 

 

 

 

 

1,661,002

 

MATERIALS    3.5%

 

 

 

 

 

 

 

 

Chemicals    1.0%

 

 

 

 

 

 

 

 

Akzo Nobel NV

 

Netherlands

 

29,920

 

 

1,786,756

 

Containers & Packaging      0.2%

 

 

 

 

 

 

 

 

Rexam plc

 

United Kingdom

 

77,741

 

 

370,356

 

Metals & Mining      2.3%

 

 

 

 

 

 

 

 

Antofagasta plc

 

United Kingdom

 

91,354

 

 

1,277,465

 

Barrick Gold Corp.

 

Canada

 

18,000

 

 

624,886

 

BHP Billiton, Ltd.

 

Australia

 

34,939

 

 

1,210,936

 

voestalpine AG

 

Austria

 

35,021

 

 

1,216,396

 

 

 

 

 

 

 

 

4,329,683

 

TELECOMMUNICATION SERVICES      9.4%

 

 

 

 

 

 

 

 

Diversified Telecommunication Services      6.4%

 

 

 

 

 

 

 

 

Belgacom SA

 

Belgium

 

20,337

 

 

739,234

 

France Telecom

 

France

 

56,953

 

 

1,309,513

 

Hellenic Telecommunications Organization SA *

 

Greece

 

119,957

 

 

1,635,947

 

Hrvatske Telekom SP, GDR

 

Croatia

 

10,000

 

 

566,760

 

KT Corp. *

 

South Korea

 

18,570

 

 

795,478

 

KT Corp., ADR *

 

South Korea

 

39,540

 

 

835,480

 

Maroc Telecom

 

Morocco

 

47,703

 

 

858,777

 

Tele Norte Leste Participacoes SA, ADR ρ

 

Brazil

 

32,858

 

 

585,530

 

Telecom Corp. of New Zealand, Ltd.

 

New Zealand

 

559,556

 

 

935,068

 

Telefonica SA

 

Spain

 

107,851

 

 

2,590,579

 

TeliaSonera AB

 

Sweden

 

129,500

 

 

868,153

 

 

 

 

 

 

 

 

11,720,519

 

Wireless Telecommunication Services      3.0%

 

 

 

 

 

 

 

 

China Mobile, Ltd.

 

Hong Kong

 

192,500

 

 

1,816,925

 

Mobistar SA

 

Belgium

 

11,797

 

 

743,660

 

Partner Communications Co., Ltd.

 

Israel

 

92,718

 

 

1,898,920

 

StarHub, Ltd.

 

Singapore

 

651,500

 

 

1,003,367

 

 

 

 

 

 

 

 

5,462,872

 

UTILITIES      6.3%

 

 

 

 

 

 

 

 

Electric Utilities      2.1%

 

 

 

 

 

 

 

 

E.ON AG

 

Germany

 

9,636

 

 

353,802

 

Fortum Oyj

 

Finland

 

28,037

 

 

714,335

 

Sechilienne-Sidec

 

France

 

29,111

 

 

979,750

 

TERNA SpA

 

Italy

 

468,151

 

 

1,884,889

 

 

 

 

 

 

 

 

3,932,776

 

Gas Utilities      1.0%

 

 

 

 

 

 

 

 

Snam Rete Gas SpA

 

Italy

 

398,778

 

 

1,874,204

 

Independent Power Producers & Energy Traders      0.2%

 

 

 

 

 

 

 

 

Iberdrola Renovables SA

 

Spain

 

59,062

 

 

262,222

 

 

 

6

 

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS continued

January 31, 2010 (unaudited)

 

 

Country

 


Shares

 

Value

 

COMMON STOCKS      continued

 

 

 

 

 

 

 

 

UTILITIES      continued

 

 

 

 

 

 

 

 

Multi-Utilities      2.4%

 

 

 

 

 

 

 

 

National Grid plc

 

United Kingdom

 

202,195

 

$

2,035,414

 

RWE AG

 

Germany

 

16,575

 

 

1,468,931

 

Suez Environnement SA

 

France

 

38,355

 

 

871,391

 

 

 

 

 

 

 

 

4,375,736

 

Water Utilities      0.6%

 

 

 

 

 

 

 

 

Pennon Group plc

 

United Kingdom

 

82,674

 

 

679,233

 

Severn Trent plc

 

United Kingdom

 

25,895

 

 

464,669

 

 

 

 

 

 

 

 

1,143,902

 

Total Common Stocks      (cost $118,591,835)

 

 

 

 

 

 

115,020,569

 

PREFERRED STOCKS      1.4%

 

 

 

 

 

 

 

 

CONSUMER DISCRETIONARY      0.3%

 

 

 

 

 

 

 

 

Textiles, Apparel & Luxury Goods      0.3%

 

 

 

 

 

 

 

 

Hugo Boss AG, Var. Rate Pfd.

 

Germany

 

16,739

 

 

575,976

 

FINANCIALS      0.8%

 

 

 

 

 

 

 

 

Capital Markets      0.7%

 

 

 

 

 

 

 

 

Credit Suisse Group AG, Var. Rate Pfd. ρ

 

United Kingdom

 

45,000

 

 

1,157,400

 

Insurance      0.1%

 

 

 

 

 

 

 

 

Allianz SE, Var. Rate Pfd. ρ

 

Germany

 

9,000

 

 

225,450

 

HEALTH CARE      0.3%

 

 

 

 

 

 

 

 

Health Care Equipment & Supplies      0.3%

 

 

 

 

 

 

 

 

Fresenius AG, Var. Rate Pfd.

 

Germany

 

8,734

 

 

595,161

 

Total Preferred Stocks      (cost $2,388,464)

 

 

 

 

 

 

2,553,987

 

OTHER      1.8%

 

 

 

 

 

 

 

 

Bell Aliant Regional Communications Income Fund

 

Canada

 

76,652

 

 

1,869,613

 

Bell Aliant Regional Communications Income Fund 144A

 

Canada

 

5,263

 

 

128,369

 

Yellow Pages Income Fund

 

Canada

 

250,727

 

 

1,231,066

 

Total Other      (cost $3,260,479)

 

 

 

 

 

 

3,229,048

 

SHORT-TERM INVESTMENTS      5.0%

 

 

 

 

 

 

 

 

MUTUAL FUND SHARES      5.0%

 

 

 

 

 

 

 

 

Evergreen Institutional U.S. Government Money Market Fund, Class I, 0.01% q ø

 

United States

 

4,252,815

 

 

4,252,815

 

State Street Navigator Securities Lending Prime Portfolio, 0.22% § ρρ

 

United States

 

4,921,628

 

 

4,921,628

 

Total Short-Term Investments      (cost $9,174,443)

 

 

 

 

 

 

9,174,443

 

Total Investments      (cost $191,183,840)      102.1%

 

 

 

 

 

 

187,426,572

 

Other Assets and Liabilities      (2.1%)

 

 

 

 

 

 

(3,817,917

)

Net Assets      100.0%

 

 

 

 

 

$

183,608,655

 

 

ρ

All or a portion of this security is on loan.

o

Security is valued at fair value as determined by the investment advisor in good faith, according to procedures approved by the Board of Trustees.

144A

Security that may be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Board of Trustees, unless otherwise noted.

*

Non-income producing security

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.

§

Rate shown is the 1-day annualized yield at period end.

ρρ

All or a portion of this security represents investment of cash collateral received from securities on loan.

 

 

 

7

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS continued

January 31, 2010 (unaudited)

 

Summary of Abbreviations

ADR

American Depository Receipt

AUD

Australian Dollar

BRL

Brazil Real

EUR

Euro

FRN

Floating Rate Note

GBP

Great British Pound

GDR

Global Depository Receipt

HUF

Hungarian Forint

KRW

Republic of Korea Won

MXN

Mexican Peso

MYR

Malaysian Ringgit

NOK

Norwegian Krone

NZD

New Zealand Dollar

The following table shows the percent of total long-term investments by geographic location as of January 31, 2010:

 

United Kingdom

17.6

%

France

7.1

%

Netherlands

6.2

%

Germany

6.0

%

Norway

5.9

%

Canada

5.7

%

South Korea

4.1

%

United States

3.7

%

Australia

3.6

%

Mexico

3.5

%

Switzerland

3.1

%

Japan

2.9

%

Sweden

2.8

%

Spain

2.5

%

Brazil

2.5

%

Italy

2.1

%

Belgium

2.0

%

Malaysia

1.9

%

Bermuda

1.7

%

Israel

1.6

%

Hungary

1.5

%

Austria

1.5

%

Greece

1.4

%

Finland

1.1

%

Hong Kong

1.0

%

Luxembourg

1.0

%

Morocco

0.8

%

Cayman Islands

0.7

%

Denmark

0.6

%

Singapore

0.6

%

New Zealand

0.5

%

Taiwan

0.5

%

Colombia

0.4

%

Croatia

0.3

%

Georgia

0.3

%

South Africa

0.3

%

Kazakhstan

0.3

%

Philippines

0.2

%

Peru

0.2

%

Liberia

0.2

%

Ukraine

0.1

%

 

100.0

%

During the period ended January 31, 2010, the Fund entered into written options for speculative purposes.

Open call options written at January 31, 2010 were as follows:

 

 

Expiration
Date

 

Index

 

Number of
Contracts

 

Strike
Price

 

Market
Value

 

Premiums
Received

 

02/19/2010

 

AEX Index

 

175

 

 

357

  EUR

 

$ 4,780 o

 

 

$40,236

 

 

02/19/2010

 

CAC 40 Index

 

149

 

 

4,196

  EUR

 

1,277 o

 

 

39,388

 

 

02/19/2010

 

DAX Index

 

200

 

 

6,233

  EUR

 

2,249 o

 

 

42,681

 

 

02/19/2010

 

DJ Euro Stoxx 50 Index

 

200

 

 

3,122

  EUR

 

2,303 o

 

 

42,762

 

 

02/19/2010

 

FTSE 100 Index

 

95

 

 

5,776

  GBP

 

247 o

 

 

22,937

 

 

02/19/2010

 

NASDAQ 100 Index

 

45

 

 

1,966

  USD

 

1,368 o

 

 

28,787

 

 

02/19/2010

 

NYSE Arca Airline Index

 

2,383

 

 

37

  USD

 

8,293 o

 

 

184,587

 

 

02/19/2010

 

OMX Stockholm 30 Index

 

617

 

 

1,028

  SEK

 

9,166 o

 

 

50,435

 

 

02/19/2010

 

Russell 2000 Index

 

132

 

 

690

  USD

 

3,414 o

 

 

48,349

 

 

02/19/2010

 

S&P 400 MidCap Index

 

113

 

 

782

  USD

 

1,731 o

 

 

37,853

 

o

Valued at fair value as determined by the investment advisor using third party marketing tools, according to procedures approved by the Board of Trustees.

The Fund had average premiums received on written call options in the amount of $454,109 during the period from November 1, 2009 through January 31, 2010.

On January 31, 2010, the aggregate cost of securities for federal income tax purposes was $191,286,444. The gross unrealized appreciation and depreciation on securities based on tax cost was $8,103,503 and $11,963,375, respectively, with a net unrealized depreciation of $3,859,872.

Valuation of investments

Listed equity securities are usually valued at the last sales price or official closing price on the national securities exchange where the securities are principally traded. If there has been no sale, the securities are valued at the mean between bid and asked prices. Non-listed preferred securities are valued using evaluated prices determined by an independent pricing service which takes into consideration such factors as similar security prices, spreads, liquidity, benchmark quotes and market conditions. Securities for which valuations are not readily available from an independent pricing service may be valued by brokers who use prices provided by market makers or estimates of market value obtained from yield data relating to investments or securities with similar characteristics.

 

 

8

 

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS continued

January 31, 2010 (unaudited)

Foreign securities traded on an established exchange are valued at the last sales price on the exchange where the security is primarily traded. If there has been no sale, the securities are valued at the mean between bid and asked prices. Foreign securities may be valued at fair value according to procedures approved by the Board of Trustees if the closing price is not reflective of current market values due to trading or events occurring in the foreign markets between the close of the established exchange and the valuation time of the Fund. In addition, substantial changes in values in the U.S. markets subsequent to the close of a foreign market may also affect the values of securities traded in the foreign market. The value of foreign securities may be adjusted if such movements in the U.S. market exceed a specified threshold.

Portfolio debt securities acquired with more than 60 days to maturity are fair valued using matrix pricing methods determined by an independent pricing service which takes into consideration such factors as similar security prices, yields, maturities, liquidity and ratings. Securities for which valuations are not readily available from an independent pricing service may be valued by brokers which use prices provided by market makers or estimates of fair market value obtained from yield data relating to investments or securities with similar characteristics.

Investments in open-end mutual funds are valued at net asset value. Securities for which market quotations are not readily available or not reflective of current fair value are valued at fair value as determined by the investment advisor in good faith, according to procedures approved by the Board of Trustees.

The valuation techniques used by the Fund to measure fair value are consistent with the market approach, income approach and/or cost approach, where applicable, for each security type.

Foreign currency translation

All assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the date of valuation. Purchases and sales of portfolio securities and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for that portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gains or losses on investments.

Securities lending

The Fund may lend its securities to certain qualified brokers in order to earn additional income. The Fund receives compensation in the form of fees or interest earned on the investment of any cash collateral received. The Fund also continues to receive interest and dividends on the securities loaned. The Fund receives collateral in the form of cash or securities with a market value at least equal to the market value of the securities on loan, including accrued interest. In the event of default or bankruptcy by the borrower, the Fund could experience delays and costs in recovering the loaned securities or in gaining access to the collateral. In addition, the investment of any cash collateral received may lose all or part of its value. The Fund has the right under the lending agreement to recover the securities from the borrower on demand.

Options

The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund may write covered put or call options. When a Fund writes an option, an amount equal to the premium received is recorded as a liability and is subsequently adjusted to the current market value of the written option. Premiums received from written options, which expire unexercised, are recognized as realized gains from investments on the expiration date. The difference between the premium received and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is treated as a realized gain or loss. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security in calculating the realized gain or loss on the sale. If a put option is exercised, the premium reduces the cost of the security purchased. The Fund, as a writer of an option, bears the market risk of an unfavorable change in the price of the security underlying the written option.

The Fund may also purchase call or put options. The premium is included in the Statement of Assets and Liabilities as an investment which is subsequently adjusted to the current market value of the option. Premiums paid for purchased options which expire are recognized as realized losses from investments on the expiration date. Premiums paid for purchased options which are exercised or closed are added to the amount paid or offset against the proceeds on the underlying security to determine the realized gain or loss. The risk of loss associated with purchased options is limited to the premium paid.

Options traded on an exchange are regulated and terms of the options are standardized. Options traded over the counter expose the Fund to counterparty risk in the event the counterparty does not perform. This risk is mitigated by having a master netting arrangement between the Fund and the counterparty and by having the counterparty post collateral to cover the Fund’s exposure to the counterparty.

Valuation hierarchy

Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Fund’s investments. These inputs are summarized into three broad levels as follows:

Level 1 –   quoted prices in active markets for identical securities

Level 2 –   other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment  speeds, credit risk, etc.)

Level 3 –   significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of  investments)

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

 

 

 

9

 


EVERGREEN INTERNATIONAL BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS continued

January 31, 2010 (unaudited)

As of January 31, 2010, the inputs used in valuing the Fund’s assets, which are carried at fair value, were as follows:

 

Investments in Securities

 

Quoted Prices
(Level 1)

 

Significant
Other Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total

 

Equity securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stocks

 

$

7,844,220

 

 

$

107,176,349

 

 

$

0

 

$

115,020,569

 

Preferred stocks

 

 

225,450

 

 

 

2,328,537

 

 

 

0

 

 

2,553,987

 

Corporate debt securities

 

 

0

 

 

 

29,002,414

 

 

 

 

 

 

29,002,414

 

Debt securities issued by foreign governments

 

 

0

 

 

 

28,446,111

 

 

 

0

 

 

28,446,111

 

Other

 

 

3,100,679

 

 

 

128,369

 

 

 

0

 

 

3,229,048

 

Short-term investments

 

 

9,174,443

 

 

 

0

 

 

 

0

 

 

9,174,443

 

 

 

$

20,344,792

 

 

$

167,081,780

 

 

$

0

 

$

187,426,572

 

As of January 31, 2010, the inputs used in valuing the Fund’s other financial instruments, which are carried at fair value, were as follows:

 

 

 

Quoted Prices
(Level 1)

 

Significant
Other Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total

 

Other financial instruments*

 

 

$0

 

 

$(34,828)

 

 

$

0

 

 

$(34,828)

 

*

Other financial instruments include written options.

The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

 

 

 

Other financial
instruments

 

Balance as of November 1, 2009

 

$

(17,962

)

Realized gains or losses

 

 

67,333

 

Change in unrealized gains or losses

 

 

(49,371

)

Net purchases (sales)

 

 

0

 

Transfers in and/or out of Level 3

 

 

0

 

Balance as of January 31, 2010

 

$

0

 

Change in unrealized gains or losses included in earnings relating to securities still held at January 31, 2010

 

$

0

 

 

 

10

 


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.

 

 


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 International Balanced Income Fund

 

By: 


/s/ W. Douglas Munn

 

 

 

W. Douglas Munn
Principal Executive Officer

 

 

 

Date: March 31, 2010

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/ W. Douglas Munn

 

 

 

W. Douglas Munn
Principal Executive Officer

 

 

 

Date: March 31, 2010

 

By: 


/s/ Kasey Phillips

 

 

 

Kasey Phillips
Principal Financial Officer

 

 

 

Date: March 31, 2010

 

 


Grafico Azioni Evergreen Balanced Income Fund (NYSE:EBI)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Evergreen Balanced Income Fund
Grafico Azioni Evergreen Balanced Income Fund (NYSE:EBI)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Evergreen Balanced Income Fund