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
Advent/Claymore Global Convertible Securities and Income Fund
(Exact name of registrant as specified in charter)
| 1065 Avenue of the Americas, New York, NY | 10018 | |
| (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
(Name and address of agent for service)
Registrant’s telephone number, including area code: (212) 479-0675
Date of fiscal year end: October 31
Date of reporting period: July 31, 2007
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 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. § 3507.
| Item 1. | Schedule of Investments. |
Attached hereto.
ADVENT/CLAYMORE GLOBAL CONVERTIBLE SECURITIES AND INCOME FUND
Portfolio of Investments
July 31, 2007 (unaudited)
| Number of Shares | Value | |||||
| Long-Term Investments — 90.4% | ||||||
| Convertible Preferred Stocks — 28.8% | ||||||
| Aluminum, Steel and Other Metals — 1.8% | ||||||
| 75,000 | Freeport-McMoRan Copper & Gold, Inc., Ser. 6.75%, 2010 | $ | 10,616,250 | |||
| Automotive — 2.1% | ||||||
| 417,919 | Merrill Lynch Intl Co., Ser. SUZK, 8.00%, 2008 (Antigua) (a) | 12,234,579 | ||||
| Chemicals — 0.8% | ||||||
| 5,400 | Givaudan Nederland Finance, 5.375%, 2010 (Netherlands) | 4,754,472 | ||||
| Diversified Manufactured Operations — 2.4% | ||||||
| 100,000 | Siemens/KBC Synthetic (Germany) (a) | 13,688,504 | ||||
| Entertainment — 1.6% | ||||||
| 222,750 | Lehman Brothers Holdings, Inc., Ser. IGT, 8.00%, 2008 (a) | 8,110,327 | ||||
| 223,880 | Lehman Brothers Holdings, Inc., Ser. SIX, 9.00%, 2008 (a) | 944,774 | ||||
| 9,055,101 | ||||||
| Financial Services — 1.5% | ||||||
| 110,000 | BankUnited Financial Corp., Ser, 6.75%, 2010 | 4,521,000 | ||||
| 170,000 | E*Trade Financial Corp., 6.125%, 2008 | 4,122,500 | ||||
| 8,643,500 | ||||||
| Insurance — 3.4% | ||||||
| 3,600 | Fortis Insurance NV, 7.75%, 2008 (Netherlands) (b) | 4,630,680 | ||||
| 200,000 | IPC Holdings, Ltd., 7.25%, 2008 (Bermuda) | 4,825,000 | ||||
| 158,000 | MetLife, Inc., Ser. B, 6.375%, 2008 | 4,721,040 | ||||
| 200,000 | XL Capital Ltd., 7.00%, 2009 (Cayman Islands) | 5,472,000 | ||||
| 19,648,720 | ||||||
| Internet — 1.4% | ||||||
| 329,815 | Merrill Lynch & Co., Inc., Ser. YHOO, 8.00%, 2008 (a)(b) | 8,021,101 | ||||
| Machine Tools — 1.4% | ||||||
| 63,000 | SMC Corp/Merrill Lynch, 8.00%, 2008 (Netherlands) (a)(b) | 8,351,595 | ||||
| Metals — 1.9% | ||||||
| 215,000 | Vale Capital, Ltd., Ser. RIO, 5.50%, 2010 (Brazil) (a) | 11,154,200 | ||||
| Oil and Gas — 1.9% | ||||||
| 40,000 | Chesapeake Energy Corp., 6.25%, 2009 | 11,160,000 | ||||
| Real Estate — 2.1% | ||||||
| 12,000 | Kerry Prop/Lehman Brothers Synthetic, 8.00%, 2008 (Netherlands) (a) | 12,000,000 | ||||
| Real Estate Investment Trust — 0.9% | ||||||
| 235,000 | HRPT Properties Trust, Ser. D, 6.50%, 2049 | 5,280,450 | ||||
| Semiconductor — 1.8% | ||||||
| 445,820 | Wachovia Bank NA., Ser. INTC, 8.00%, 2008 (a)(b) | 10,276,151 | ||||
| Telecommunication Equipment — 0.9% | ||||||
| 5,000 | Lucent Technologies Capital Trust I., 7.75% 2017 | 5,025,000 | ||||
| Utilities-Gas and Electric — 1.9% | ||||||
| 90,000 | Entergy Corp., 7.625%, 2009 | 5,580,000 | ||||
| 120,000 | PNM Resources, Inc., 6.75%, 2008 | 5,654,400 | ||||
| 11,234,400 | ||||||
| Waste Management — 1.0% | ||||||
| 17,500 | Allied Waste Industries, Inc., Ser. D, 6.25%, 2008 | 5,904,062 | ||||
| Total Convertible Preferred Stocks - 28.8% (Cost $171,566,296) |
167,048,085 | |||||
| Principal Amount | Value | |||||
| Convertible Bonds — 37.4% | ||||||
| Agriculture — 2.1% | ||||||
| 94,000,000 HK$ | Chaoda/Lehman Synthetic., A+ | |||||
| 9.00%, 6/25/08 (Hong Kong) (a) | 12,371,187 | |||||
| Automotive — 3.6% | ||||||
| $13,625,000 | General Motors Corp., Ser. B, B- | |||||
| 5.25%, 3/06/32, Convertible Senior Debenture (Germany) | 11,009,000 | |||||
| 7,400,000 | Daimler/DB Synthetic, NR | |||||
| 8.00%, 6/20/08, (Germany) (a)(b) | 9,942,098 | |||||
| 20,951,098 | ||||||
| Auto Parts and Equipment — 1.6% | ||||||
| 7,000,000 | Continental/Calyon Synthetic, NR | |||||
| 8.00%, 6/18/08 (Channel Islands) (a) | 9,527,336 | |||||
| Chemicals — 1.9% | ||||||
| 5,500,000 | Bayer Capital Corp. BV., BBB- | |||||
| 6.625%,6/01/09, Subordinated Convertible Debenture (Netherlands) | 10,867,646 | |||||
| Commercial Services — 1.4% | ||||||
| 7,000,000 Euro | USG People/JP Morgan International Derivatives Ltd., AA- | |||||
| 8.00%, 6/18/08, (Channel Islands) (a) | 8,365,045 | |||||
| Computers-Software and Peripherals — 1.9% | ||||||
| 11,500,000 | Novell, Inc., NR | |||||
| 0.50%,7/15/24, Senior Unsecured Convertible Notes (c) | 10,896,250 | |||||
| Diversified Metals and Mining — 1.2% | ||||||
| 7,000,000 | Peabody Energy Corporation, B | |||||
| 4.75%,12/15/66, Senior Unsecured Convertible Debenture | 6,912,500 | |||||
| Financial Services — 6.1% | ||||||
| 2,875,000 | Alesco Financial, Inc., NR | |||||
| 7.625%, 5/15/27, Senior Unsecured Convertible Note (b) | 2,145,469 | |||||
| 12,000,000 | CompuCredit Corporation., NR | |||||
| 5.875%, 11/30/35, Senior Unsecured Convertible Notes | 10,185,000 | |||||
| 3,500,000 | Fortflinix S.A., A- | |||||
| 5.384%, 11/07/72 (Luxembourg) (d) | 6,000,698 | |||||
| 6,100,000 | Swiss Reinsurance Co., AA- | |||||
| 6.00%, 12/15/08, Senior Unsecured Convertible Note (Switzerland) | 5,217,340 | |||||
| 11,500,000 | Wells Fargo & Co., AA+ | |||||
| 5.10625%, 5/01/33, Senior Convertible Notes (d) | 11,500,000 | |||||
| 35,048,507 | ||||||
| Gas and Electric — 1.7% | ||||||
| 7,200,000 | Cez/Deutsche Bank AG., AA- | |||||
| 8.00%, 6/20/08, Note (United Kingdom) (a)(b) | 9,779,834 | |||||
| Health Care Products and Services — 2.1% | ||||||
| 94,000,000 HK$ | Hengan/Dexia Banque Internationale & Luxembourg S.A., AA | |||||
| 8.00%, 7/24/08 (a) | 12,121,361 | |||||
| Machinery-Diversified — 2.2% | ||||||
| 12,500,000 | Nabisco Corp./Allegro Investment Corp., NR | |||||
| 8.00%, 7/16/2008 (a)(b) | 12,500,000 | |||||
| Media — 0.9% | ||||||
| 2,000,000 | CCH I LLC., NR | |||||
| 11.00%, 10/1/2015, Senior Secured Convertible Note | 2,005,000 | |||||
| 3,000,000 | CCO Holdings LLC/CCO Holdings Capital Corp., CCC | |||||
| 8.75%, 11/15/13, Senior Unsecured Convertible Note | 2,985,000 | |||||
| 4,990,000 | ||||||
| Metals — 3.5% | ||||||
| 6,000,000 | Vallourec/Figaro Finance Ltd., NR | |||||
| 3.875%, 9/18/09, Senior Secured Convertible Note (United Kingdom) (a) | 9,898,349 | |||||
| 5,000,000 | Xstrata/Calyon Synthetic, NR | |||||
| 8.00%, 6/12/08, (Channel Islands) (a) | 10,652,003 | |||||
| 20,550,352 | ||||||
| Oil and Gas — 0.5% | ||||||
| 3,000,000 | Harvest Energy Trust., NR | |||||
| 7.25%, 9/30/13, Subordinated Convertible Note (Canada) | 2,879,888 | |||||
| Retail-Specialty Stores — 2.7% | ||||||
| 12,000,000 | Don Quijote/BNP Paribas SA., AA | |||||
| 8.00%, 6/30/08, Note (France) (a)(b) | 11,600,340 | |||||
| 1,750,000 | Punch Taverns Redwood Jersey Co., NR | |||||
| 5.00%, 12/14/10, Senior Unsecured Convertible Bond | 4,297,225 | |||||
| 15,897,565 | ||||||
| Telecommunications — 4.0% | ||||||
| 11,500,000 | Level 3 Communications, Inc., CCC | |||||
| 6.00%, 9/15/09, Subordinated Convertible Notes | 10,867,500 | |||||
| 8,300,000 | Orascom/Weather Capital Finance., NR | |||||
| 4.75%, 2/27/13, Senior Unsecured Convertible Bond (Luxembourg) (a) | 12,263,558 | |||||
| 23,131,058 | ||||||
| Total Convertible Bonds — 37.4% (Cost $222,791,859) |
216,789,627 | |||||
| Corporate Bonds — 2.3% | ||||||
| Financial Services — 1.6% | ||||||
| 10,000,000 | CDX North America High Yield, B+, | |||||
| 7.625%, 6/29/12 (b) | 9,000,000 | |||||
| Health Care Products and Services — 0.7% | ||||||
| HCA, Inc., B- | ||||||
| 2,000,000 | 6.50%, 2/15/16, Senior Unsecured Note | 1,550,000 | ||||
| 3,000,000 | 8.36%, 4/15/24, Unsecured Debenture | 2,659,104 | ||||
| 4,209,104 | ||||||
| Total Corporate Bonds — 2.3% (Cost $14,319,222) |
13,209,104 | |||||
| Number of Shares | Value | |||||
| Common Stock — 21.9% | ||||||
| Automotive — 0.9% | ||||||
| 170,000 | Suzuki Motor Corp. (Japan) | 4,968,714 | ||||
| Biotechnology — 1.3% | ||||||
| 117,500 | Genzyme Corp. (e)(f) | 7,410,725 | ||||
| Building Products and Services — 0.5% | ||||||
| 28,600 | Holcim Ltd. (Switzerland) | 3,063,437 | ||||
| Chemicals — 0.6% | ||||||
| 28,335 | Linde AG (Germany) | 3,368,985 | ||||
| Diversified Manufactured Operations — 0.4% | ||||||
| 17,050 | Siemens AG (Germany) (e) | 2,183,821 | ||||
| Engineering — 0.6% | ||||||
| 143,050 | ABB Ltd. (Switzerland) | 3,512,654 | ||||
| Financial Services — 3.9% | ||||||
| 245,000 | CapitalSource, Inc. | 4,655,000 | ||||
| 175,000 | Enerplus Resources Fund (Canada) | 7,637,556 | ||||
| 568,900 | Man Group PLC (United Kingdom) (e)(f) | 6,566,267 | ||||
| 150,000 | MF Global Ltd. (e) | 3,739,500 | ||||
| 22,598,323 | ||||||
| Health Care Products and Services — 0.3% | ||||||
| 570,000 | Hengen International Group Co., Ltd. (Hong Kong) | 1,937,326 | ||||
| Hotels — 0.2% | ||||||
| 25,000 | Hilton Hotels Corp. | 1,105,250 | ||||
| Leisure and Entertainment — 0.7% | ||||||
| 275,000 | Shuffle Master, Inc. (e) | 3,995,750 | ||||
| Machinery — 0.5% | ||||||
| 60,063 | Heidelberger Druckmaschin AG (Germany) | 2,955,711 | ||||
| Oil & Gas — 6.0% | ||||||
| 390,000 | ARC Energy Trust-Units (Canada) | 7,805,479 | ||||
| 285,000 | Bonavista Energy Trust (Canada) | 8,042,192 | ||||
| 435,000 | Crescent Point Energy Trust (Canada) | 8,229,455 | ||||
| 40,000 | Fugro N.V. (Netherlands) | 2,689,517 | ||||
| 260,000 | Harvest Energy Trust (Canada) | 7,609,459 | ||||
| 34,376,102 | ||||||
| Pharmaceuticals — 1.0% | ||||||
| 34,000 | Roche Holding AG (Switzerland) | 6,063,154 | ||||
| Telecommunication — 2.7% | ||||||
| 800,000 | Level 3 Communications, Inc. (e) | 4,184,000 | ||||
| 60,000 | Millicom International Cellular S.A. (Luxembourg) (e)(f) | 4,818,000 | ||||
| 80,000 | NII Holdings, Inc. (e)(f) | 6,721,600 | ||||
| 15,723,600 | ||||||
| Transportation — 1.3% | ||||||
| 5,250,750 | Pacific Basin Shipping Ltd. (Bermuda) | 7,782,616 | ||||
| Utilities — 1.0% | ||||||
| 565,000 | British Energy Group PLC (United Kingdom) | 5,746,280 | ||||
| Total Common Stock — 21.9% (Cost $133,432,275) |
126,792,448 | |||||
| Total Long-Term Investments — 90.4% (Cost $542,109,652) |
523,839,264 | |||||
| Principal Amount | Value | |||||
| Short-Term Investments — 14.4% | ||||||
| Money Market Fund — 3.3% | ||||||
| $19,113,543 | Goldman Sachs Financial Prime Obligations | 19,113,543 | ||||
| U.S. Government Agency Obligations — 11.1% | ||||||
| 64,100,000 | Federal Home Loan Bank Discount Note | |||||
| ($64,100,000 par, yielding 4.90%, 8/1/2007) (g) | 64,100,000 | |||||
| Total Short-Term Investments — 14.4% (Cost $83,213,543) |
83,213,543 | |||||
| Total Investments — 104.8% (Cost $625,323,195) |
607,052,807 | |||||
| Liabilities in excess of other assets — (4.8%) | (27,847,953 | ) | ||||
| Total Options Written — (0.00%) | (84,214 | ) | ||||
| Net Assets — 100.0% | $ | 579,120,640 | ||||
LLC - Limited Liability Corp.
| (a) | 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. |
| (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 July 31, 2007, these securities amounted to 14.9% of net assets.
| (c) | Security is a “step up” bond where the coupon increases or steps up at a predetermined date. The rating shown is as of July 31, 2007. |
| (d) | Floating rate security. The rate shown is as of July 31, 2007. |
| (e) | Non-income producing security. |
| (f) | All or a portion of this security position represents cover (directly or through conversion rights) for outstanding options written. |
| (g) | All or a portion of these securities have been physically segregated in connection with swap agreements. |
Ratings shown are per Standard & Poor’s and are unaudited. Securities classified as NR are not rated by Standard & Poor’s.
All percentages shown in the Portfolio of Investments are based on Net Assets unless otherwise noted.
The Fund values equity securities at the last reported sale price on the primary exchange or in the primary Over-the-Counter market in which such securities are traded, as of the close of regular trading on the New York Stock Exchange on the day the securities are being valued or, if there are no sales, at the mean between the last available bid and asked prices on that day. Securities traded on the NASDAQ are valued at the NASDAQ Official Closing Price. Preferred stocks are valued at their sales price as of the close of the exchange on which they are traded. Preferred stocks for which the last sales price is not available are valued at the last available bid price. Debt securities are valued by independent pricing services or dealers using the last available bid price for such securities or, if such prices are not available, at prices for securities of comparable maturity, quality and type. For those securities where quotations or prices are not available, valuations are determined in accordance with procedures established in good faith by the Board of Trustees. Short-term securities with remaining maturities of 60 days or less are valued at amortized cost, which approximates market value.
| Country Allocation* | |||
| United States |
50.2 | % | |
| Netherlands |
7.1 | % | |
| Germany |
7.1 | % | |
| Canada |
7.0 | % | |
| United Kingdom |
5.3 | % | |
| Luxembourg |
3.8 | % | |
| Guernsey, Channel Islands |
3.3 | % | |
| Switzerland |
2.9 | % | |
| Hong Kong |
2.4 | % | |
| Bermuda |
2.1 | % | |
| Antigua |
2.0 | % | |
| France |
1.9 | % | |
| Brazil |
1.8 | % | |
| Jersey, Channel Islands |
1.4 | % | |
| Cayman Islands |
0.9 | % | |
| Japan |
0.8 | % |
| * | Subject to change daily. Based on total investments. |
See previously submitted prospectus.
ADVENT/CLAYMORE GLOBAL CONVERTIBLE SECURITIES AND INCOME FUND
Portfolio of Investments (Continued)
July 31, 2007
| Contracts |
Call Options Written |
Expiration Date | Exercise Price |
Value | |||||||
| 150 | Millicom International Cellular S.A. | August 2007 | $ | 90.00 | $ | (15,000 | ) | ||||
| 189 | Man Group PLC | September 2007 | 640.00 | (24,964 | ) | ||||||
| 200 | Genzyme Corp. | September 2007 | 65.00 | (39,000 | ) | ||||||
| 100 | NII Holdings, Inc. | September 2007 | 100.00 | (5,250 | ) | ||||||
| Total Call Options Written (Premiums received $126,230) |
$ | (84,214 | ) | ||||||||
Swap Agreements
| Counterparty |
Underlying Term Loan |
Termination Date |
Notional Amount (000) |
Paying Floating Rate |
Unrealized Depreciation |
|||||||||
| Citigroup |
Yell Group PLC, LIBOR + 2.0%, due 02/10/13 | 07/30/2008 | 5,000 | (a) | (119,627 | ) | ||||||||
| Citigroup |
Health Management Associates, Inc., US LIBOR + 1.75%, due 02/28/14 | 07/30/2008 | 5,000 | (a) | (198,132 | ) | ||||||||
| Citigroup |
Georgia-Pacific Corp., US LIBOR + 1.75%, due 12/22/12 | 07/25/2008 | 7,000 | (a) | (324,379 | ) | ||||||||
| Citigroup |
Advanced Micro Devices, US LIBOR + 2.25%, due 12/31/13 | 06/13/2008 | 9,975 | (a) | (506,260 | ) | ||||||||
| Citigroup |
Graphic Packaging International Inc., US LIBOR + 2.0%, due 05/16/14 | 06/23/2008 | 14,925 | (a) | (634,075 | ) | ||||||||
| Citigroup |
Lifepoint Hospitals Inc., LIBOR + 1.625%, due 08/23/12 | 07/10/2008 | 15,000 | (a) | (781,547 | ) | ||||||||
| JPMorgan Chase & Co. |
Virgin Media Investment Holding, EURIBOR + 2.0%, due 10/04/13 | 07/01/2008 | 5,000 | (a) | — | |||||||||
| JPMorgan Chase & Co. |
Virgin Media Investment Holding, GB LIBOR + 2.125%, due 10/04/13 | 07/01/2008 | 5,000 | (a) | — | |||||||||
| JPMorgan Chase & Co. |
DirectTV Holdings LLC, US LIBOR + 1.5%, due 04/13/13 | 07/01/2008 | 7,500 | (a) | (75,000 | ) | ||||||||
| JPMorgan Chase & Co. |
Tenneco Automotive Inc., US LIBOR + 1.75%, due 03/16/14 | 07/01/2008 | 5,000 | (a) | (100,000 | ) | ||||||||
| JPMorgan Chase & Co. |
Time Warner Telecommunications Holdings, US LIBOR + 2.25%, due 01/07/13 | 07/01/2008 | 5,000 | (a) | (118,750 | ) | ||||||||
| JPMorgan Chase & Co. |
Isle of Capri Casinos, US LIBOR + 1.75%, due 07/26/14 | 07/01/2008 | 5,000 | (a) | (125,000 | ) | ||||||||
| JPMorgan Chase & Co. |
NRG Holdings Inc., US LIBOR + 2.5%, due 06/08/14 | 07/01/2008 | 6,097 | 5.87 | % | (200,044 | ) | |||||||
| JPMorgan Chase & Co. |
Windstream Corp., US LIBOR + 1.5%, due 07/17/13 | 07/01/2008 | 10,000 | 5.87 | % | (250,000 | ) | |||||||
| JPMorgan Chase & Co. |
Level 3 Communications Inc., LIBOR + 2.25%, due 03/13/14 | 07/01/2008 | 13,000 | 5.87 | % | (325,000 | ) | |||||||
| JPMorgan Chase & Co. |
NRG Energy Inc., US LIBOR, due 02/01/13 | 07/01/2008 | 12,500 | 5.87 | % | (410,125 | ) | |||||||
| JPMorgan Chase & Co. |
Dollar General Corp., LIBOR + 2.75%, due 07/16/14 | 07/01/2008 | 5,000 | 5.87 | % | (425,000 | ) | |||||||
| JPMorgan Chase & Co. |
Celanese Holdings LLC., US LIBOR + 1.75%, due 03/30/14 | 07/01/2008 | 9,975 | 5.87 | % | (448,875 | ) | |||||||
| JPMorgan Chase & Co. |
Boise Cascade LLC, LIBOR + 1.5%, due 04/30/14 | 07/01/2008 | 9,013 | 5.87 | % | (450,634 | ) | |||||||
| JPMorgan Chase & Co. |
Allied Waste North America, US LIBOR, due 03/28/14 | 07/01/2008 | 9,116 | 5.87 | % | (455,786 | ) | |||||||
| JPMorgan Chase & Co. |
Mirant North America LLC, US LIBOR + 1.75%, due 01/03/13 | 07/01/2008 | 14,969 | (a) | (598,750 | ) | ||||||||
| JPMorgan Chase & Co. |
Davita Inc., US LIBOR + 1.5%, due 10/05/12 | 07/01/2008 | 15,000 | 5.87 | % | (712,500 | ) | |||||||
| JPMorgan Chase & Co. |
Las Vegas Sands LLC, US LIBOR + 1.75%, due 05/23/14 | 07/01/2008 | 15,000 | 5.87 | % | (724,950 | ) | |||||||
| JPMorgan Chase & Co. |
RH Donnelley Inc., US LIBOR + 1.5%, due 06/30/11 | 07/01/2008 | 14,974 | 5.87 | % | (748,725 | ) | |||||||
| JPMorgan Chase & Co. |
Delta Air Lines Inc., LIBOR + 2.0%, due 04/30/12 | 07/01/2008 | 14,175 | 5.87 | % | (779,625 | ) | |||||||
| JPMorgan Chase & Co. |
Idearc Inc., US LIBOR + 2.0%, due 11/17/14 | 07/01/2008 | 14,975 | 5.87 | % | (898,496 | ) | |||||||
| JPMorgan Chase & Co. |
HCA, US LIBOR + 2.75%, due 11/16/13 | 07/01/2008 | 19,962 | 5.87 | % | (998,120 | ) | |||||||
| JPMorgan Chase & Co. |
Charter Communications, US LIBOR + 2.0%, due 03/06/14 | 07/01/2008 | 17,000 | 5.87 | % | (1,105,000 | ) | |||||||
| JPMorgan Chase & Co. |
Community Health Systems Inc., US LIBOR + 2.25%, due 07/25/14 | 07/01/2008 | 20,000 | 5.87 | % | (1,200,000 | ) | |||||||
| JPMorgan Chase & Co. |
Ford Motor Company, US LIBOR + 3.0%, due 12/15/13 | 07/01/2008 | 19,962 | 5.87 | % | (1,247,650 | ) | |||||||
| $ | (14,962,050 | ) | ||||||||||||
For each swap noted, the Fund pays a floating rate and receives the total return of the underlying asset.
| (a) | Not settled as of July 31, 2007. |
| 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 within 90 days of this filing 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 in 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) | The registrant’s principal executive officer and principal financial officer are aware of no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the registrant’s last fiscal quarter that may have 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 (17 CFR 270.30a-2(a)), exactly as set forth below: 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
| By: | /s/ Tracy V. Maitland | |
| Tracy V. Maitland | ||
| President and Chief 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: | /s/ Tracy V. Maitland | |
| Tracy V. Maitland | ||
| President and Chief Executive Officer | ||
Date: September 28, 2007
| By: | /s/ Robert White | |
| Robert White | ||
| Treasurer and Chief Financial Officer | ||
Date: September 28, 2007