UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-22022
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Advent/Claymore Global Convertible Securities and Income Fund
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(Exact name of registrant as specified in charter)
1065 Avenue of the Americas, New York, NY 10018
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(Address of principal executive offices) (Zip code)
Robert White, Treasurer
Advent/Claymore Global Convertible Securities and Income Fund
1065 Avenue of the Americas
New York, NY 10018
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(Name and address of agent for service)
Registrant's telephone number, including area code: (212) 479-0675
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Date of fiscal year end: October 31
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Date of reporting period: January 31, 2009
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Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street,
NW, Washington, DC 20549-0609. The OMB has reviewed this collection of
information under the clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
Attached hereto.
AGC / ADVENT/CLAYMORE GLOBAL CONVERTIBLE SECURITIES & INCOME FUND
PORTFOLIO OF INVESTMENTS
JANUARY 31, 2009 (UNAUDITED)
PRINCIPAL AMOUNT VALUE
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LONG-TERM INVESTMENTS -- 147.9%
CONVERTIBLE BONDS -- 95.5%
AEROSPACE AND DEFENSE - 0.8%
$ 1,500,000 Alliant Techsystems, Inc., BB-
2.75%, 2/15/24 (a) $ 1,635,000
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AGRICULTURE - 3.6%
$ 1,750,000 Archer-Daniels-Midland Co., A
0.875%, 2/15/14 (a) 1,627,500
HKD 40,500,000 Chaoda Modern Agriculture Holdings Ltd., Ser. CHAO, BB-
0.00%, 5/8/11 (Cayman Islands) 5,781,050
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7,408,550
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BANKS - 7.8%
$ 8,000,000 BES Finance Ltd., Ser. EMTN, A
1.25%, 2/26/11 (Cayman Islands) 7,348,800
EUR 4,500,000 Kreditanstalt fuer Wiederaufbau, Ser. DTE, AAA
3.25%, 6/27/13 (Germany) 5,896,498
$ 1,500,000 National City Corp., A
4.00%, 2/1/11 1,385,625
$ 1,500,000 SVB Financial Group, NR
3.875%, 4/15/11 (b) 1,200,000
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15,830,923
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BEVERAGE - 0.5%
$ 900,000 Molson Coors Brewing Co., BBB
2.50%, 7/30/13 974,250
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BIOTECHNOLOGY - 4.2%
$ 7,000,000 Amgen, Inc., A+
0.125%, 2/1/11 6,545,000
$ 2,000,000 United Therapeutics Corp., NR
0.50%, 10/15/11 (a) 2,062,500
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8,607,500
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CHEMICALS - 7.6%
EUR 5,500,000 Bayer Capital Corp. BV, BBB
6.625%, 6/1/09 (Netherlands) (a) 7,994,825
CHF 2,525,000 Lonza Finance Ltd., NR
1.50%, 7/15/09 (Jersey) (a) 2,534,111
EUR 1,750,000 SGL Carbon SE, BB
0.75%, 5/16/13 (Germany) 1,656,891
HKD 20,000,000 Sinofert Holdings Ltd., NR
0.00%, 8/7/11 (Bermuda) 3,294,797
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15,480,624
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COAL - 0.6%
$ 2,000,000 Massey Energy Co., BB-
3.25%, 8/1/15 (a) 1,245,000
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COMPUTERS - 3.9%
EUR 4,000,000 Cap Gemini SA, Ser. CAP, BBB-
1.00%, 1/1/12 (France) 2,083,057
$ 1,500,000 DST Systems, Inc., NR
4.125%, 8/15/2023 (c) 1,396,875
EMC Corp., A-
$ 3,500,000 1.75% ,12/1/11 (a) 3,412,500
$ 1,000,000 1.75%, 12/1/13 945,000
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7,837,432
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DIVERSIFIED FINANCIAL SERVICES - 10.3%
EUR 2,000,000 International Power Jersey Ltd., BB-
3.25%, 7/20/13 (Jersey) 1,887,648
$ 7,500,000 Merrill Lynch & Co., Inc., NR
0.00%, 3/13/32 (a) 8,179,500
EUR 2,100,000 MTU Aero Engines Finance BV, Ser. MTU, BB+
2.75%, 2/1/12 (Netherlands) 2,415,658
$ 4,500,000 Nasdaq OMX Group, Inc. (The), BB+
2.50%, 8/15/13 (a)(b) 3,487,500
CHF 5,750,000 Swatch Group Finance SA, NR
2.625%, 10/15/10 (Luxembourg) 4,966,292
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20,936,598
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ELECTRICAL COMPONENTS & EQUIPMENT - 0.8%
EUR 1,813,800 Nexans SA, BB+
1.50%, 1/1/13 (France) 1,598,815
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ELECTRONICS - 0.9%
$ 2,020,000 Flextronics International Ltd., BB-
1.00%, 8/1/10 (Singapore) 1,739,725
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FOOD - 1.9%
EUR 3,000,000 Delhaize Group, NR
2.75%, 4/30/09 (Belgium) 3,885,503
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HEALTHCARE-PRODUCTS - 2.6%
$ 2,000,000 Beckman Coulter, Inc., BBB
2.50%, 12/15/36 (a) 1,912,500
$ 3,967,000 Hologic, Inc., B+
2.00%, 12/15/37 (c) 2,553,756
$ 1,000,000 Laboratory Corp. of America Holdings, BBB-
0.00%, 9/11/21 (a) 848,750
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5,315,006
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HOLDING COMPANIES-DIVERSIFIED - 2.9%
EUR 4,500,000 Sagerpar/Groupe Bruxelles Lambert SA, NR
2.95%, 4/27/12 (Belgium) 5,814,097
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INSURANCE - 1.4%
$ 3,000,000 Prudential Financial, Inc., A
0.37%, 12/15/37 (a) (d) 2,895,000
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INTERNET - 0.7%
$ 1,250,000 Akamai Technologies, Inc., NR
1.00%, 12/15/33 1,345,313
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LEISURE TIME - 2.5%
Carnival Corp., A- (Panama)
$ 5,000,000 2.00%, 4/15/21 4,443,750
$ 1,000,000 1.13%, 4/29/33 (c) 636,250
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5,080,000
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MINING - 1.5%
$ 2,000,000 Placer Dome, Inc./Barrick Gold Corp., A-
2.75%, 10/15/23 (Canada) (a) 3,140,000
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MISCELLANEOUS MANUFACTURING - 0.6%
$ 1,250,000 Danaher Corp., A+
0.00%, 1/22/21 (a) 1,095,313
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OIL & GAS - 9.9%
$ 1,217,000 Carrizo Oil & Gas, Inc., NR
4.375%, 6/1/28 622,191
HKD 40,000,000 China Petroleum & Chemical Corp., Ser. SINO, NR
0.00%, 4/24/14 (China) 4,997,461
EUR 16,000,000 Etablissements Maurel et Prom, NR
3.50%, 1/1/10 (France) 4,390,888
CAD 1,914,000 Harvest Energy Trust, NR
7.25%, 9/30/13 (Canada) 670,058
$ 10,500,000 Transocean, Inc., Ser. A, BBB+
1.625%, 12/15/37 (Switzerland) (a) 9,345,000
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20,025,598
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OIL & GAS SERVICES - 5.1%
$ 5,250,000 Core Laboratories LP, NR
0.25%, 10/31/11 (a) 4,810,313
$ 5,000,000 SOCO Finance Jersey Ltd., Ser. SIA, NR
4.50%, 5/16/13 (Jersey) 3,945,060
$ 2,500,000 Subsea 7, Inc., Ser. SUB, NR
2.80%, 6/6/11 (Cayman Islands) 1,600,000
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10,355,373
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PACKAGING & CONTAINERS - 0.3%
$ 770,000 Sealed Air Corp., BB+
3.00%, 6/30/33 (b) 667,975
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PHARMACEUTICALS - 8.7%
$ 10,000,000 Shire PLC, Ser. REGs, NR
2.75%, 5/9/14 (Jersey) (a) 8,150,480
$ 7,500,000 Teva Pharmaceutical Finance Co. BV, Ser. D, BBB+
1.75%, 2/1/26 (Netherlands Antilles) (a) 8,025,000
$ 1,500,000 Teva Pharmaceutical Finance LLC, Ser. C, BBB+
0.25%, 2/1/26 1,494,375
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17,669,855
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REAL ESTATE INVESTMENT TRUSTS - 6.1%
$ 2,000,000 Boston Properties LP, A-
2.875%, 2/15/37 1,570,000
$ 800,000 BRE Properties, Inc., BBB
4.125%, 8/15/26 660,000
$ 1,800,000 Home Properties, Inc., NR
4.125%, 11/1/26 (b) 1,425,420
$ 3,148,000 Hospitality Properties Trust, BBB
3.80%, 3/15/27 1,979,305
$ 3,752,000 Host Hotels & Resorts LP, BBB-
2.625%, 4/15/27(b) 2,785,860
$ 2,625,000 Reckson Operating Partnership LP/SL Green Realty Corp., BB+
4.00%, 6/15/25 2,369,063
$ 1,902,000 UDR, Inc., BBB
4.00%, 12/15/35 1,621,455
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12,411,103
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RETAIL - 1.7%
HKD 25,000,000 Golden Eagle Retail Group Ltd., NR
0.00%, 10/23/11 (Cayman Islands) 3,361,357
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SEMICONDUCTORS - 1.8%
$ 2,750,000 Linear Technology Corp., Ser. A, NR
3.00%, 5/1/27 2,169,063
$ 1,750,000 ON Semiconductor Corp., Ser B., B+
0.00%, 4/15/24 1,520,312
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3,689,375
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TELECOMMUNICATIONS - 6.8%
$ 3,500,000 Inmarsat PLC, Ser. ISAT, NR
1.75%, 11/16/17 (United Kingdom) 2,870,028
$ 3,000,000 Lucent Technologies, Inc., BB-
2.875%, 6/15/23 (e) 2,445,000
$ 4,500,000 Qwest Communications International, Inc., B+
3.50%, 11/15/25 3,864,375
JPY 366,000,000 Softbank Corp., BB
1.50%, 3/31/13 (Japan) 3,527,391
$ 2,500,000 Virgin Media, Inc., B-
6.50%, 11/15/16 (b) 1,140,625
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13,847,419
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TOTAL CONVERTIBLE BONDS -- 95.5%
(Cost $201,722,189) 193,892,704
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NUMBER OF SHARES VALUE
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CONVERTIBLE PREFERRED STOCKS --33.4%
ADVERTISING - 2.3%
436,540 Elf Special Financing Ltd./Interpublic Group of Companies, Inc.,
2.35%, 2009 (Caymen Islands)(b) (d) 4,724,720
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BANKS - 5.8%
5,620 Bank of America Corp., Ser. L, 7.25%, 2049 (a) 2,835,290
207,508 Citigroup, Inc., Ser. T, 6.50%, 2049 3,164,497
33,000 KeyCorp, Ser. A, 7.75%, 2049 2,170,740
5,650 Wells Fargo & Co., Ser. L, 7.5%, 2049 (a) 3,599,050
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11,769,577
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DIVERSIFIED FINANCIAL SERVICES - 5.9%
5,400 Givaudan Nederland Finance BV, 5.375%, 2010 (Netherlands) 3,286,649
14,405 SLM Corp., Ser. C, 7.25%, 2010 (a) 8,596,184
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11,882,833
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ELECTRIC - 3.3%
70,000 Entergy Corp., 7.625%, 2009 (a) 3,402,700
15,000 NRG Energy, Inc., 5.75%, 2009 (a) 3,228,750
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6,631,450
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HOUSEHOLD PRODUCTS/WARES - 1.6%
112,000 Avery Dennison Corp., 7.875%, 2020 3,248,000
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METAL FABRICATE/HARDWARE - 2.1%
48,387 Figaro Finance Ltd., Ser. Vallourec, 3.875%, 2009 (France) 4,364,601
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MINING - 3.6%
Freeport-McMoran Copper & Gold, Inc.
50,000 6.75%, 2010 (a) 2,330,000
2,050 5.50%, 2049 1,350,950
115,000 Vale Capital Ltd., Ser. RIO, 5.50%, 2010 (Brazil) (a) (e) (f) 3,582,250
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7,263,200
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PHARMACEUTICALS - 7.2%
14,080 Mylan, Inc., 6.50%, 2010 (a) 9,438,810
30,000 Schering-Plough Corp., 6.00%, 2010 (a) 5,220,300
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14,659,110
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TELECOMMUNICATIONS - 1.6%
10,673 Lucent Technologies Capital Trust I, 7.75%, 2017 3,201,900
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TOTAL CONVERTIBLE PREFERRED STOCKS -33.4%
(Cost $113,909,401) 67,745,391
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PRINCIPAL AMOUNT VALUE
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CORPORATE BONDS -- 13.1%
AGRICULTURE - 0.8%
$ 2,000,000 Vector Group Ltd., NR
11.00%, 8/15/15 1,530,000
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DIVERSIFIED FINANCIAL SERVICES - 1.5%
3,325,000 Axcan Intermediate Holdings, Inc., B-
12.75%, 3/15/2016 3,009,125
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HEALTHCARE-SERVICES - 1.2%
3,000,000 HCA , Inc., B-
8.36%, 4/15/24 1,470,408
1,000,000 HCA , Inc., BB-
9.25%, 11/15/16 957,500
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2,427,908
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HOLDING COMPANIES-DIVERSIFIED - 2.0%
5,000,000 Leucadia National Corp., BB+
8.125%, 9/15/15 (e) 4,075,000
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OIL & GAS SERVICES- 1.6%
3,000,000 CCS, Inc., B-
11.00%, 11/15/15 (Canada) (b) 2,115,000
2,000,000 Forbes Energy Services Ltd./Forbes Energy Capital, Inc., B
11.00%, 2/15/15 1,210,000
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3,325,000
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SEMICONDUCTORS - 1.2%
4,400,000 Amkor Technology, Inc., B+
9.25%, 6/1/16 2,464,000
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TELECOMMUNICATIONS - 4.8%
1,500,000 Broadview Networks Holdings, Inc., CCC+
11.375%, 9/1/12 675,000
2,000,000 Centennial Communications Corp., CCC+
10.00%, 1/1/13 2,120,000
1,000,000 Fairpoint Communications, Inc., B+
13.125%, 4/1/18 (b) 565,000
4,500,000 Intelsat Jackson Holdings Ltd., CCC+
11.25%, 6/15/16 (Bermuda) 4,325,625
Sprint Capital Corp., BB
1,110,000 7.625%, 1/30/2011 924,471
1,390,000 8.375%, 3/15/12 1,112,709
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9,722,805
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TOTAL CORPORATE BONDS -- 13.1%
(Cost $34,638,768) 26,553,838
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NUMBER OF SHARES VALUE
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COMMON STOCKS -- 2.6%
OIL & GAS - 1.3%
130,000 Enerplus Resources Fund (Canada) 2,667,420
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PHARMACEUTICALS - 1.3%
19,000 Roche Holding AG (Switzerland) (a) 2,674,765
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TOTAL COMMON STOCKS -- 2.6%
(Cost $9,372,040) 5,342,185
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EXCHANGE-TRADED FUNDS - 1.3%
70,000 iShares MSCI EAFE Index Fund (a)
(Cost $3,004,804) 2,709,000
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PRINCIPAL AMOUNT
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TERM LOANS - 2.0%
ELECTRIC - 1.0%
$ 2,950,000 Texas Competitve Electric Holdings Co. LLC, 4.25%, 10/10/14, B+ 2,065,738
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TELECOMMUNICATIONS - 1.0%
GBP 1,692,810 Virgin Media Investment Holdings Ltd., 5.79%, 9/03/12, NR (United Kingdom) 1,903,607
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TOTAL TERM LOANS - 2.0%
(Cost $3,643,604) 3,969,345
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TOTAL LONG-TERM INVESTMENTS -- 147.9%
(Cost $366,290,806) 300,212,463
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NUMBER OF SHARES VALUE
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MONEY MARKET FUNDS -- 30.3%
59,620,000 Dreyfus Treasury & Agency Cash Management - Investor Shares 59,620,000
1,949,541 Goldman Sachs Financial Prime Obligations 1,949,541
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(Cost $61,569,541) 61,569,541
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TOTAL INVESTMENTS -- 178.2%
(Cost $427,860,347) 361,782,004
Total Options Written -- (0.1%) (210,564)
Other Assets in excess of Liabilities -- 5.6% 11,485,558
Preferred Stock, at redemption value - (-83.7% of Net Assets
Applicable to Common Shareholders or -47.0% of Total Investments) (170,000,000)
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NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS-- 100.0% $203,056,998
=============
AG - Stock Corporation
Ltd. - Limited
LLC - Limited Liability Corp.
SA - Corporation
(a) All or a portion of this security position represents cover (directly
or through conversion rights) for outstanding options written.
(b) Securities are exempt from registration under Rule 144A of the
Securities Act of 1933. These securities may be resold in transactions
exempt from registration, normally to qualified institutional buyers.
At January 31, 2009, these securities amounted to 8.9% of net assets.
(c) Security is a "step-up" bond where the coupon increases or steps up at
a predetermined date.
(d) Floating rate security. The rate shown is as of January 31, 2009.
(e) All or a portion of these securities have been physically segregated
in connection with swap agreements.
(f) Synthetic Convertible - A synthetic convertible security is either a
bond or preferred security structured by an investment bank that
provides exposure to a specific company's common stock.
Ratings shown are per Standard & Poor's. Securities classified as NR are
not rated by Standard & Poor's.
All percentages shown in the Portfolio of Investments are based on Net
Assets Applicable to Common Shareholders unless otherwise noted.
See previously submitted notes to financial statements for the period ended
October 31, 2008.
COUNTRY BREAKDOWN AS % OF TOTAL INVESTMENTS*
United States 59.2%
Cayman Islands 6.3%
Jersey 4.5%
Netherlands 3.8%
France 3.4%
Switzerland 3.3%
Belgium 2.7%
Canada 2.4%
Netherlands Antilles 2.2%
Bermuda 2.1%
Germany 2.1%
Panama 1.4%
China 1.4%
Luxembourg 1.4%
United Kingdom 1.3%
Brazil 1.0%
Japan 1.0%
Singapore 0.5%
AGC / ADVENT/CLAYMORE GLOBAL CONVERTIBLE SECURITIES & INCOME FUND
PORTFOLIO OF INVESTMENTS (CONTINUED)
JANUARY 31, 2009 (UNAUDITED)
CONTRACTS
(100 SHARES EXPIRATION EXERCISE MARKET
per contract) Call Options Written(h) Date Price Value
----------------------------------------------------------------------------------------------------------------------------
100 Alliant Techsystems, Inc., BB-, 2.75%, 2/15/24 February 2009 $ 90.00 $ 1,500
50 Archer-Daniels-Midland Co., A, 0.875%, 2/15/14 February 2009 $ 30.00 2,750
300 Bank of America Corp., Ser. L, 7.25%, 2049 February 2009 $ 9.00 7,800
125 Bayer Capital Corp. BV, BBB, 6.625%, 6/1/09 February 2009 EUR 46.00 3,364
75 Beckman Coulter, Inc., BBB, 2.50%, 12/15/36 February 2009 $ 50.00 9,750
125 Core Laboratories LP, NR, 0.25%, 10/31/11 February 2009 $ 80.00 10,000
100 Danaher Corp., A+, 0.00%, 1/22/21 February 2009 $ 60.00 5,000
75 EMC Corp., A-, 1.75%, 12/1/11 March 2009 $ 12.00 3,300
75 Entergy Corp., 7.625%, 2009 February 2009 $ 85.00 2,325
125 Freeport-McMoRan Copper & Gold, Inc., 6.75%, 2010 February 2009 $ 30.00 5,750
200 iShares MSCI EAFE Index Fund February 2009 $ 41.00 12,000
200 iShares MSCI EAFE Index Fund February 2009 $ 42.00 6,000
50 Laboratory Corp. of America Holdings, BBB-, 0.00%, 9/11/21 March 2009 $ 65.00 2,875
50 Lonza Finance Ltd, NR, 1.50%, 7/15/09 March 2009 CHF 115.00 6,462
100 Mylan, Inc., 6.50%, 2010 March 2009 $ 12.50 5,000
50 Nasdaq OMX Group, Inc. (The), BB+, 2.50%, 8/15/13 February 2009 $ 25.00 2,050
150 NRG Energy, Inc., 5.75%, 2009 February 2009 $ 25.00 9,000
50 Placer Dome, Inc./Barrick Gold Corp., A-, 2.75%, 10/15/23 February 2009 $ 42.50 3,550
100 Prudential Financial, Inc., A, 0.37%, 12/15/37 February 2009 $ 35.00 7,000
100 Roche Holding AG February 2009 CHF 180.00 4,222
50 Roche Holding AG March 2009 CHF 190.00 1,465
200 Schering-Plough Corp., 6.00%, 2010 March 2009 $ 20.00 8,000
10 Shire PLC, Ser. REGs, NR, 2.75%, 5/9/14 March 2009 GBP 1,100.00 3,676
75 SLM Corp., Ser. C, 7.25%, 2010 March 2009 $ 15.00 2,250
100 SLM Corp., Ser. C, 7.25%, 2010 April 2009 $ 15.00 6,000
200 SLM Corp., Ser. C, 7.25%, 2010 April 2009 $ 12.50 31,000
100 Teva Pharmaceutical Finance Co. BV, Ser. D, BBB+, 1.75%, 2/1/26 February 2009 $ 45.00 1,500
100 Transocean, Inc., Ser. A, BBB+, 1.625%, 12/15/37 February 2009 $ 60.00 11,500
50 Transocean, Inc., Ser. A, BBB+, 1.625%, 12/15/37 March 2009 $ 65.00 7,250
50 United Therapeutics Corp., NR, 0.50%, 10/15/11 February 2009 $ 70.00 7,875
150 Vale Capital Ltd., Ser. RIO, 5.50%, 2010 March 2009 $ 15.00 17,250
100 Wells Fargo & Co., Ser. L, 7.50%, 2049 February 2009 $ 24.00 3,100
TOTAL CALL OPTIONS WRITTEN
(Premiums received $306,446) $ 210,564
------------
(h) Non-income producing security.
TOTAL RETURN SWAP AGREEMENTS*
NOTAIONAL PAYING
TERMINATION AMOUNT FLOATING APPRECIATION/
COUNTERPARTY UNDERLYING TERM LOAN FLOATING RATE DATE (000) RATE (DEPRECIATION)
-----------------------------------------------------------------------------------------------------------------------------------
JPMorgan Chase & Co. CCS Corp. 1 Month LIBOR + 3.00%,
due 11/14/14 5/1/2009 $ 8,684 1.07% $ (3,092,852)
JPMorgan Chase & Co. FairPoint Communications Inc. 3 Month LIBOR + 2.75%,
due 03/08/15 5/1/2009 3,783 1.07% (1,852,137)
JPMorgan Chase & Co. Mac Gen LLC 3 Month LIBOR + 2.25%,
due 02/22/12 5/1/2009 605 1.07% (133,798)
---------------
$ (5,078,787)
---------------
CREDIT DEFAULT SWAPS AGREEMENTS** NOTAIONAL PAYING
TERMINATION AMOUNT FIXED APPRECIATION/
COUNTERPARTY REFERENCE ENTITY BUY/SELL PROTECTION DATE (000) RATE (DEPRECIATION)
-----------------------------------------------------------------------------------------------------------------------------------
Citibank NA Darden Restaurants, Inc. Buy 3/20/2014 $ 3,000 2.95% $ (26,628)
Citibank NA Kohl's Corp. Buy 3/20/2014 1,000 2.60% (4,521)
Citibank NA Nabors Industries Buy 3/20/2014 4,000 4.00% (114,687)
JPMorgan Chase & Co. Kingdom of Spain Buy 3/20/2014 5,000 1.37% (536)
JPMorgan Chase & Co. LVMH Moet Hennessy Louis Vuitton Buy 3/20/2014 3,000 1.45% 22,963
JPMorgan Chase & Co. Portugal Buy 3/20/2014 5,000 1.35% (26,115)
JPMorgan Chase & Co. Renault Buy 3/20/2014 3,000 3.72% 12,768
JPMorgan Chase & Co. Republic of Italy Buy 3/20/2014 5,000 1.80% (31,270)
---------------
$ (168,026)
---------------
TOTAL UNREALIZED APPRECIATION/(DEPRECIATION) FOR SWAP AGREEMENTS $ (5,246,813)
===============
* For each swap noted, the Fund pays a floating rate and receives the
total return of the underlying asset
** For each swap noted, the Fund pays the fixed rate and receives a
floating rate
Forward exchange currency contracts
Unrealized
Appreciation/
Long Contracts Current Value (Depreciation)
-----------------------------------------------------------------------------------------------------------------------------
Hong Kong Dollar, 3,816,000 expiring 2/4/09 $ 492,092 $ (35)
Unrealized
Appreciation/
Short Contracts Current Value (Depreciation)
-----------------------------------------------------------------------------------------------------------------------------
Canadian Dollar, 3,391,929 expiring 2/2/09 to 3/18/09 $ 2,718,310 $ (16,388)
Euro, 10,417,500 expiring 2/2/09 to 3/18/09 13,342,992 531,654
Japanese Yen, 254,400,000 expiring 3/18/09 2,834,944 (52,791)
Pound Sterling, 600,000 expiring 3/8/09 864,626 33,274
Swiss Franc, 3,800,000 expiring 3/18/09 3,239,833 (35,926)
---------------------
Total unrealized appreciation/(depreciation) for forward exchange currency contracts $ 459,788
---------------------
In September, 2006, the FASB issued Statement of Financial Accounting Standards
No. 157, "Fair Valuation Measurements" ("FAS 157"). This standard clarifies the
definition of fair value for financial reporting, establishes a framework for
measuring fair value and requires additional disclosures about the use of fair
value measurements. FAS 157 establishes three different categories for
valuations. Level 1 valuations are those based upon quoted prices in active
markets. Level 2 valuations are those based upon quoted prices in inactive
markets or based upon significant observable inputs (i.e. yield curves;
benchmark interest rates; indices). Level 3 valuations are those based upon
unobservable inputs (i.e. discounted cash flow analysis; non-market based
methods used to determine fair valuation).
Valuations at January 31, 2009
Description Securities Derivatives Total
---------------- --------------- -----------------
(value in $000s)
Assets:
Level 1 $ 133,002 $ - $ 133,002
Level 2 228,780 601 229,381
Level 3 - - -
---------------- --------------- -----------------
Total $ 361,782 $ 601 $ 362,383
================ =============== =================
Liabilities:
Level 1 $ - $ 211 $ 211
Level 2 - 5,388 5,388
Level 3 - - -
---------------- --------------- -----------------
Total $ - $ 5,599 $ 5,599
================ =============== =================
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, as amended) as of a date within 90 days of the filing date
of this report and have concluded, based on such evaluation, 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 on this Form N-Q was recorded, processed, summarized and
reported within the time periods specified in the Securities and
Exchange Commission's rules and forms.
(b) There was 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, as amended) that occurred during the registrant's last fiscal
quarter that has materially affected or is reasonably likely to
materially affect the registrant's internal control over financial
reporting.
ITEM 3. EXHIBITS.
A separate certification for each principal executive officer and principal
financial officer of the registrant as required by Rule 30a-2(a) under the
Investment Company Act of 1940, as amended (17 CFR 270.30a-2(a)), is attached
hereto.
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.
Advent/Claymore Global Convertible Securities and Income Fund
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By: /s/ Tracy V. Maitland
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Tracy V. Maitland
President and Chief Executive Officer
Date: March 27, 2009
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/ Tracy V. Maitland
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Tracy V. Maitland
President and Chief Executive Officer
Date: March 27, 2009
By: /s/ Robert White
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Robert White
Treasurer and Chief Financial Officer
Date: March 27, 2009