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
Date of fiscal year end: October 31
Date of reporting period: January 31, 2008
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.
ADVENT/CLAYMORE GLOBAL CONVERTIBLE SECURITIES & INCOME FUND
PORTFOLIO OF INVESTMENTS
JANUARY 31, 2008 (UNAUDITED)
NUMBER OF SHARES VALUE
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LONG-TERM INVESTMENTS -- 122.3%
CONVERTIBLE PREFERRED STOCKS -- 46.4%
AGRICULTURE -- 1.1%
5,000 Bunge Ltd., 5.125%, 2010 (Bermuda) (a) $ 5,484,850
-------------------
AIRLINES -- 1.7%
250,000 Continental Airlines Financial Trust II, 6.00%, 2030 8,250,000
-------------------
ALUMINUM, STEEL AND OTHER METALS -- 2.3%
40,000 Freeport-McMoRan Copper & Gold, Inc., 6.75%, 2010 5,312,000
100,000 Vale Capital, Ltd., Ser. RIO, 5.50%, 2010 (Brazil) (b) 6,050,000
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11,362,000
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AUTOMOTIVE -- 2.1%
417,919 Merrill Lynch International Co., Ser. Suzuki, 8.00%, 2008
(Japan) (b)(c) 10,650,666
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BANKING AND FINANCE -- 0.3%
1,400 Bank of America Corp., Ser. L, 7.25%, 2049 1,570,800
-------------------
BEVERAGES -- 2.4%
529,287 Allegro Investment Corp. SA, Ser. SABMiller, 8.00%, 2008 (b) 11,953,251
-------------------
CHEMICALS -- 1.0%
5,400 Givaudan Nederland Finance, 5.375%, 2010 (Netherlands) 4,939,319
-------------------
COMMUNICATIONS EQUIPMENT -- 2.4%
15,000 Lucent Technologies Capital Trust I, 7.75%, 2017 12,090,000
-------------------
DIVERSIFIED MANUFACTURING OPERATIONS -- 3.6%
100,000 Avery Dennison Corp., 7.875%, 2010 5,018,000
100,000 KBC Financial Products, Ser. Siemens AG, 8.00%, 2008 (Germany) (b) 12,824,955
-------------------
17,842,955
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ENGINEERING-- 3.1%
628,060 Eksportfinans A/S, Ser. ABB Ltd., 8.00%, 2008 (Switzerland) (b)(c) 15,261,829
-------------------
ENTERTAINMENT -- 1.9%
222,750 Lehman Brothers Holdings, Inc., Ser. International Game Tech.,
8.00%, 2008 (b) 9,239,670
-------------------
FINANCIAL SERVICES -- 3.5%
380,000 CIT Group, Inc., 7.75%, 2010 (a) 7,964,800
115 Fannie Mae, 5.375%, 2008 (a) 9,526,328
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17,491,128
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INSURANCE -- 2.1%
250,000 IPC Holdings, Ltd., 7.25%, 2008 (Bermuda) 6,156,250
250,000 XL Capital Ltd., 7.00%, 2009 (Cayman Islands) 4,285,000
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10,441,250
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INTERNET -- 1.3%
329,815 Merrill Lynch & Co., Inc., Ser. Yahoo, 8.00%, 2008 (b)(c) 6,536,933
-------------------
MACHINE TOOLS -- 1.5%
63,000 Merrill Lynch International & Co. CV, Ser. SMC Corp.,
8.00%, 2008 (Japan) (b) (c) 7,196,490
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MACHINERY -- 2.4%
475,500 Morgan Stanley, Ser. Komatsu, 8.00%, 2008 (Japan) (b)(c) 12,114,260
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METALS AND MINING -- 0.3%
15,000 Royal Gold, Inc., 7.25%, 2010 1,573,500
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OIL AND GAS -- 2.9%
81,423 Chesapeake Energy Corp., 4.50%, 2049 8,529,059
53,704 McMoRan Exploration Co., 6.75%, 2010 5,854,273
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14,383,332
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PHARMACEUTICALS -- 4.6%
11,000 Mylan, Inc., 6.50%, 2010 11,629,750
57,500 Schering-Plough Corp., 6.00%, 2010 11,016,425
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22,646,175
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REAL ESTATE INVESTMENT TRUSTS -- 0.6%
150,000 HRPT Properties Trust, Ser. D, 6.50%, 2049 2,919,000
-------------------
SEMICONDUCTORS -- 1.9%
445,820 Wachovia Bank NA, Ser. Intel, 8.00%, 2008 (b)(c) 9,540,682
-------------------
UTILITIES-GAS AND ELECTRIC -- 2.5%
85,000 Entergy Corp., 7.625%, 2009 (a) 5,440,000
190,000 PNM Resources, Inc., 6.75%, 2008 7,009,100
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12,449,100
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WASTE MANAGEMENT -- 0.9%
17,500 Allied Waste Industries, Inc., Ser. D, 6.25%, 2008 4,534,687
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TOTAL CONVERTIBLE PREFERRED STOCKS - 46.4%
(Cost $259,843,230) 230,471,877
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PRINCIPAL AMOUNT VALUE
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CONVERTIBLE BONDS -- 39.0%
ADVERTISING -- 1.0%
$ 5,000,000 Elf Special Financing, Ltd., B
5.341%, 6/15/09 (Cayman Islands) (c)(d) 5,007,500
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AUTOMOTIVE -- 3.9%
7,400,000 Euro Deutsche Bank AG, Ser. Daimler, NR
8.00%, 6/20/08, Convertible Bond (Germany) (b)(c) 8,633,673
$ 13,625,000 General Motors Corp., Ser. B, B-
5.25%, 3/06/32, Convertible Senior Debentures 10,867,300
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19,500,973
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AUTO PARTS AND EQUIPMENT -- 1.4%
7,000,000 Euro Calyon Financial Products, Ser. Continental AG, NR
8.00%, 6/18/08 (Germany) (b) 7,051,800
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CHEMICALS-- 2.4%
5,500,000 Euro Bayer Capital Corp. BV, BBB-
6.625%, 6/01/09, Subordinated Convertible Debentures (Netherlands) 11,998,743
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COMMERCIAL SERVICES-- 2.8%
$ 10,000,000 Deutsche Bank AG, Ser. SIN, NR
8.00%, 12/23/08, Convertible Notes (Germany) (b)(c) 9,731,000
7,000,000 Euro JP Morgan International Derivatives Ltd., Ser. USG People, NR
8.00%, 6/18/08 (Netherlands) (b) 4,286,632
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14,017,632
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COMPUTERS-SOFTWARE AND PERIPHERALS -- 1.1%
$ 6,000,000 Novell, Inc., NR
0.50%, 7/15/24, Senior Unsecured Convertible Notes (e) 5,640,000
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CONSUMER STAPLES -- 2.4%
15,000,000 BNP Paribas SA, Ser. Shanghai Industrial, AA
9.00%, 10/03/08 (Hong Kong) (b)(c) 12,037,500
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DIVERSIFIED METALS AND MINING -- 1.9%
8,000,000 Peabody Energy Corp., B
4.75%, 12/15/41, Senior Unsecured Convertible Debentures (a) 9,500,000
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FINANCIAL SERVICES -- 2.0%
3,668,000 CompuCredit Corp., NR
5.875%, 11/30/35, Senior Unsecured Convertible Notes 1,801,905
3,500,000 Euro Fortfinlux S.A., A-
5.94%, 11/07/72, Subordinated Convertible Notes (Luxembourg) (d) 4,165,014
5,000,000 Swiss Reinsurance Treasury Luxembourg SA, Ser. RUKN, AA-
Swiss Franc 6.00%, 12/15/08, Senior Unsecured Convertible Notes (Switzerland) (b) 3,840,378
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9,807,297
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GAS AND ELECTRIC -- 2.2%
7,200,000 Euro Deutsche Bank AG., Ser. CEZ, NR
8.00%, 6/20/08, Convertible Notes (Czech Republic) (b) 11,045,155
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HEALTH CARE PRODUCTS AND SERVICES -- 2.5%
94,000,000 HK$ Dexia Banque Internationale & Luxembourg S.A., Ser. Hengan, NR
8.00%, 7/24/08 (Hong Kong) (b) 12,404,084
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INDUSTRIAL -- 3.0%
10,600,000 Euro Bayer Hypo, Ser. Lafarge, A
8.00%, 10/03/08 (France) (b) 14,664,493
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MACHINERY-DIVERSIFIED -- 1.5%
$ 12,500,000 Allegro Investment Corp., Ser. Nabtesco, NR
8.00%, 7/16/08 (Japan) (b)(c) 7,567,134
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MEDIA -- 0.6%
3,000,000 CCO Holdings LLC/CCO Holdings Capital Corp., CCC
8.75%, 11/15/13, Senior Unsecured Convertible Notes 2,805,000
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METALS -- 4.1%
5,000,000 Pound Calyon Financial Products, Ser. Xstrata, NR
8.00%, 6/12/08, (United Kingdom) (b) 11,154,671
7,500,000 Euro Figaro Finance Ltd., Ser. Vallourec, NR
3.875%, 9/18/09, Senior Secured Convertible Notes (France) (b) 9,310,944
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20,465,615
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OIL AND GAS -- 0.6%
3,000,000 CAD Harvest Energy Trust, NR
7.25%, 9/30/13, Subordinated Convertible Notes (Canada) 2,752,281
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RETAIL-SPECIALTY STORES -- 3.6%
$ 12,000,000 BNP Paribas SA, Ser. Don Quijote, AA
8.00%, 6/30/08, Convertible Notes (Japan) (b)(c) 10,505,460
3,500,000 Pound Punch Taverns Redwood Jersey Co., NR
5.00%, 12/14/10, Senior Unsecured Convertible Bonds (Jersey) 7,121,800
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17,627,260
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TELECOMMUNICATIONS -- 1.4%
$ 7,500,000 Level 3 Communications, Inc., CCC
6.00%, 9/15/09, Subordinated Convertible Notes 7,012,500
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TRANSPORTATION -- 0.6%
2,947,000 YRC Worldwide, Inc., BB+
5.00%, 8/08/23, Senior Unsecured Notes 2,781,231
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TOTAL CONVERTIBLE BONDS -- 39.0%
(Cost $219,834,307) 193,686,198
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CORPORATE BONDS -- 7.5%
ADVERTISING -- 0.2%
1,500,000 R.H. Donnelley Corp., B
8.875%, 10/15/17, Senior Notes (c) 1,278,750
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COMPUTERS-SOFTWARE AND PERIPHERALS -- 0.5%
2,500,000 SunGard Data Systems, Inc., B-
10.25%, 8/15/15, Senior Subordinated Notes 2,512,500
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ELECTRONIC EQUIPMENT AND COMPONENTS -- 0.4%
2,500,000 Freescale Semiconductor Inc., B-
8.866%, 12/15/14, Company Guarantee Notes (d) 1,812,500
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FINANCIAL SERVICES -- 1.9%
10,000,000 CDX North America High Yield, NR
7.625%, 6/29/12 (c) 9,750,000
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FOREST PRODUCTS & PAPER-- 0.7%
1,000,000 Rock-Tenn Co., Class A, BB
8.20%, 8/15/11, Senior Unsecured Notes 1,027,500
Verso Paper Holdings LLC, Ser. B, B+
1,000,000 9.125%, 8/01/14, Senior Secured Notes 975,000
1,500,000 8.661%, 8/01/14, Senior Secured Notes (d) 1,432,500
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3,435,000
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HEALTH CARE PRODUCTS AND SERVICES-- 1.5%
HCA, Inc., B-
2,000,000 6.50%, 2/15/16, Senior Unsecured Notes 1,707,500
3,000,000 8.36%, 4/15/24, Unsecured Debentures 2,570,271
1,000,000 HCA, Inc., BB-
9.25%, 11/15/16, Senior Notes 1,051,250
2,500,000 Tenet Healthcare Corp., CCC+
9.25%, 2/01/15, Senior Unsecured Notes 2,312,500
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7,641,521
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LEISURE AND ENTERTAINMENT-- 0.6%
2,000,000 Caesars Entertainment, Inc., B-
8.125%, 5/15/11, Company Guarantee Notes 1,752,500
2,000,000 Harrah's Operating Co., Inc., B-
6.50%, 6/01/16, Company Guarantee Notes 1,281,808
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3,034,308
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MEDIA-- 1.2%
1,000,000 CCH II LLC/ CCH II Capital Co., CCC
10.25%, 9/15/10, Senior Unsecured Notes 952,500
2,500,000 Idearc, Inc., B+
8.00%, 11/15/16, Company Guarantee Notes 2,250,000
2,500,000 Nielsen Finance LLC, CCC+
10.00%, 8/01/14, Company Guarantee Notes 2,537,500
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5,740,000
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PACKAGING & CONTAINERS-- 0.3%
1,500,000 Graphic Packaging International Corp., B-
9.50%, 8/15/13, Company Guarantee Notes 1,421,250
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TELECOMMUNICATIONS-- 0.2%
1,000,000 Cricket Communications, Inc., CCC
9.375%, 11/01/14, Company Guarantee Notes 915,000
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TOTAL CORPORATE BONDS -- 7.5%
(Cost $40,062,623) 37,540,829
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NUMBER OF SHARES VALUE
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COMMON STOCKS -- 26.2%
AGRICULTURE -- 0.9%
30,000 Potash Corp. of Saskatchewan, Inc. (Canada) (a) 4,226,400
-------------------
AIRLINES-- 0.7%
125,000 Continental Airlines, Inc., Class B (a)(f)(g) 3,401,250
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ALUMINUM, STEEL AND OTHER METALS -- 1.6%
50,000 Freeport-McMoRan Copper & Gold, Inc., Class B (a) 4,451,500
16,700 Vallourec SA (France) 3,297,461
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7,748,961
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AUTOMOTIVE -- 1.2%
10,850 Daimler AG (Germany) 838,407
207,000 Suzuki Motor Corp. (Japan) 5,207,853
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6,046,260
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AUTO PARTS & EQUIPMENT -- 0.3%
15,800 Continental AG (Germany) 1,625,847
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BUILDING PRODUCTS AND SERVICES -- 0.6%
28,600 Holcim Ltd. (Switzerland) 2,758,469
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CHEMICALS-- 0.7%
461,000 Tokai Carbon Co., Ltd. (Japan) 3,607,355
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COMMERCIAL SERVICES -- 0.4%
100,000 USG People NV (Netherlands) 2,055,072
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DIVERSIFIED OPERATIONS -- 0.5%
629,000 Shanghai Industrial Holdings Ltd. (Hong Kong) 2,335,636
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FINANCIAL SERVICES -- 2.6%
74,074 Fortis (Belgium) (f)(h) 1,097
1,170,093 Man Group PLC (United Kingdom) (a) 12,712,385
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12,713,482
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HEALTH CARE PRODUCTS AND SERVICES -- 0.4%
570,000 Hengan International Group Co., Ltd. (Cayman Islands) 2,083,654
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LEISURE AND ENTERTAINMENT -- 1.3%
150,000 International Game Technology (a) 6,400,500
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MACHINERY -- 1.2%
93,563 Heidelberger Druckmaschin AG (Germany) 2,515,693
138,000 Nabtesco Corp. (Japan) 1,674,301
15,000 SMC Corp. (Japan) 1,681,636
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5,871,630
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METALS AND MINING -- 0.8%
52,350 Xstrata PLC (United Kingdom) 3,982,829
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OIL & GAS -- 8.2%
440,000 ARC Energy Trust-Units (Canada) 9,754,017
395,000 Bonavista Energy Trust (Canada) 10,738,891
265,000 Crescent Point Energy Trust (Canada) 6,439,695
231,000 Enerplus Resources Fund (Canada) 8,928,853
225,000 Harvest Energy Trust (Canada) 5,043,642
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40,905,098
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PHARMACEUTICALS -- 1.2%
34,000 Roche Holding AG (Switzerland) 6,138,497
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REAL ESTATE -- 0.6%
478,000 Kerry Properties Ltd. (Bermuda) 3,166,679
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RETAIL - SPECIALTY STORES -- 1.9%
70,000 GameStop Corp., Class A (a)(f) 3,621,100
222,069 Whitbread PLC (United Kingdom) 6,004,036
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9,625,136
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TELECOMMUNICATIONS -- 1.1%
125,000 NII Holdings, Inc. (a)(f) 5,332,500
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TOTAL COMMON STOCKS -- 26.2%
(Cost $146,877,713) 130,025,255
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PREFERRED STOCKS -- 1.9%
AUTOMOTIVE -- 0.7%
1,880 Porsche Automobil Holding SE (Germany) 3,367,790
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FINANCIAL SERVICES -- 1.2%
225,000 Freddie Mac, Ser. Z 6,041,250
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TOTAL PREFERRED STOCKS - 1.9%
(Cost $10,817,849) 9,409,040
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INVESTMENT COMPANIES-- 1.3%
EXCHANGE-TRADED FUNDS-- 1.3%
60,000 UltraShort QQQ ProShares 2,938,200
60,000 UltraShort S&P500 ProShares 3,690,000
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(Cost $7,345,400) 6,628,200
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TOTAL LONG-TERM INVESTMENTS -- 122.3%
(Cost $684,781,122) 607,761,399
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NUMBER OF SHARES VALUE
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SHORT-TERM INVESTMENTS -- 0.2%
MONEY MARKET FUNDS -- 0.2%
1,020,788 Goldman Sachs Financial Prime Obligations
(Cost $1,020,788) 1,020,788
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TOTAL INVESTMENTS -- 122.5%
(Cost $685,801,910) 608,782,187
Total Options Written -- (0.1%) (822,229)
Other assets in excess of liabilities -- 11.8% 58,859,547
Preferred Stock, at redemption value - (-34.2% of Net Assets
Applicable to Common Shareholders or - 27.9% of Total Investments) (170,000,000)
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NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS-- 100.0% $ 496,819,505
===================
LLC - Limited Liability Corp.
(a) All or a portion of this security position represents cover (directly or
through conversion rights) for outstanding options written.
(b) 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.
(c) 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,
2008, these securities amounted to 25.3% of net assets.
(d) Floating rate security. The rate shown is as of January 31, 2008.
(e) Security is a "step up" bond where the coupon changes at a predetermined
date. The rate shown is as of January 31, 2008.
(f) Non-income producing security.
(g) All of this security with an aggregate market value of $3,401,250 has been
physically segregated to collateralize written call options. (h) Security
has reduced withholding tax of 15% (rather than 25%) on dividends paid.
(h) Security has reduced withholding tax of 15% (rather than 25%) on
dividends paid.
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.
COUNTRY ALLOCATION *
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United States 42.8%
Japan 9.9%
Canada 7.9%
Germany 7.6%
United Kingdom 5.5%
Switzerland 4.6%
France 4.5%
Hong Kong 4.4%
Netherlands 3.8%
Bermuda 2.4%
Cayman Islands 1.9%
Czech Republic 1.8%
Jersey 1.2%
Brazil 1.0%
Luxembourg 0.7%
Belgium 0.0%
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* Based on Total Investments. Subject to change daily.
See previously submitted notes to financial statements for the period ending
October 31, 2007.
ADVENT/CLAYMORE GLOBAL CONVERTIBLE SECURITIES & INCOME FUND
Portfolio of Investments (continued)
January 31, 2008 (unaudited)
Contracts
(100 shares Expiration Exercise Market
per contract) Call Options Written(f) Date Price Value
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150 Bunge Ltd., 5.125%, 2010 (Bermuda) February 2008 $ 125.00 $ 45,000
200 CIT Group, Inc., 7.75%, 2010 March 2008 30.00 40,000
500 Continental Airlines, Inc., Class B February 2008 25.00 157,500
250 Continental Airlines, Inc., Class B March 2008 30.00 47,500
150 Entergy Corp., 7.625%, 2009 March 2008 120.00 21,750
100 Fannie Mae, 5.375%, 2049 March 2008 40.00 13,500
100 Freeport-McMoRan Copper & Gold, Inc., Class B February 2008 100.00 8,100
100 Freeport-McMoRan Copper & Gold, Inc., Class B February 2008 110.00 2,000
100 Freeport-McMoRan Copper & Gold, Inc., Class B March 2008 95.00 50,000
100 Freeport-McMoRan Copper & Gold, Inc., Class B March 2008 100.00 33,000
250 GameStop Corp., Class A March 2008 55.00 51,250
150 GameStop Corp., Class A March 2008 60.00 12,750
200 International Game Technology February 2008 40.00 60,000
150 Man Group PLC March 2008 595.00 49,597
297 Man Group PLC March 2008 635.00 44,282
250 NII Holdings, Inc. March 2008 50.00 32,750
100 Peabody Energy Corp., B, 4.75%, 12/15/41 March 2008 60.00 18,000
100 Potash Corp. of Saskatchewan, Inc. (Canada) February 2008 155.00 17,500
50 Potash Corp. of Saskatchewan, Inc. (Canada) February 2008 160.00 3,750
150 Potash Corp. of Saskatchewan, Inc. (Canada) March 2008 150.00 114,000
3,447 Total Call Options Written ---------------
(Premiums received $621,533) $ 822,229
===============
(f) Non-income producing security.
Total Return Swaps
Notional
Termination Amount Paying Unrealized
Counterparty Underlying Term Loans Date (000) Floating Rate Depreciation
----------------------------------------------------------------------------------------------------------------------------------
Citigroup Georgia-Pacific Corp., US LIBOR + 1.75%,
due 12/22/12 08/01/2008 $ 6,906 (a) $ (559,645)
Citigroup Graphic Packaging International, Inc.,
US LIBOR + 2.0%, due 05/16/14 06/23/2008 14,528 (a) (1,531,754)
Citigroup Health Management Associates, Inc.,
US LIBOR + 1.75%, due 02/28/14 07/30/2008 4,938 (a) (559,681)
Citigroup Lifepoint Hospitals, Inc., US LIBOR + 1.625%,
due 08/23/12 07/10/2008 15,120 (a) (1,398,962)
Citigroup Yell Group PLC, US LIBOR + 2.0%,
due 02/10/13 07/30/2008 5,006 (a) (306,250)
JPMorgan Chase & Co. Allied Waste North America, US LIBOR,
due 03/28/14 07/01/2008 5,133 3.70% (297,227)
JPMorgan Chase & Co. Boise Cascade LLC, US LIBOR + 1.5%,
due 04/30/14 07/01/2008 5,821 3.70% (86,595)
JPMorgan Chase & Co. Celanese Holdings LLC, US LIBOR + 1.75%,
due 03/30/14 07/01/2008 9,280 3.70% (554,584)
JPMorgan Chase & Co. Charter Communications, US LIBOR + 2.0%,
due 03/06/14 07/01/2008 14,875 3.70% (1,944,598)
JPMorgan Chase & Co. Community Health Systems, Inc.,
US LIBOR + 2.25%, due 07/25/14 07/01/2008 17,830 3.70% (1,350,125)
JPMorgan Chase & Co. Davita, Inc., US LIBOR + 1.5%, due 10/05/12 07/01/2008 14,063 3.70% (830,526)
JPMorgan Chase & Co. Delta Air Lines, Inc., US LIBOR + 2.0%,
due 04/30/12 07/01/2008 13,613 3.70% (1,177,246)
JPMorgan Chase & Co. DirectTV Holdings LLC, US LIBOR + 1.5%,
due 04/13/13 07/01/2008 6,775 3.70% (136,193)
JPMorgan Chase & Co. Energy Future Holdings, US LIBOR + 3.5%,
due 10/10/14 07/01/2008 3,751 3.70% (259,766)
JPMorgan Chase & Co. Energy Future Holdings, US LIBOR + 3.5%,
due 10/10/14 07/01/2008 4,655 3.70% (213,307)
JPMorgan Chase & Co. Ford Motor Co., US LIBOR + 3.0%,
due 12/15/13 07/01/2008 17,528 3.70% (1,972,207)
JPMorgan Chase & Co. Georgia-Pacific Corp., US LIBOR + 1.75%,
due 12/22/12 08/01/2008 2,316 3.70% (159,596)
JPMorgan Chase & Co. HCA, Inc., US LIBOR + 2.75%, due 11/16/13 07/01/2008 18,472 3.70% (1,161,517)
JPMorgan Chase & Co. Hertz Corp., US LIBOR + 2.50%, due 12/12/12 07/01/2008 7,181 3.70% (251,720)
JPMorgan Chase & Co. Idearc, Inc., US LIBOR + 2.0%, due 11/17/14 07/01/2008 16,040 3.70% (1,183,378)
JPMorgan Chase & Co. Isle of Capri Casinos, US LIBOR + 1.75%,
due 07/26/14 07/01/2008 4,512 3.70% (435,735)
JPMorgan Chase & Co. Las Vegas Sands LLC, US LIBOR + 1.75%,
due 05/23/14 07/01/2008 26,282 3.70% (492,705)
JPMorgan Chase & Co. Level 3 Communications, Inc., US LIBOR + 2.25%,
due 03/13/14 07/01/2008 12,448 3.70% (409,233)
JPMorgan Chase & Co. Mirant North America LLC, US LIBOR + 1.75%,
due 01/03/13 07/01/2008 13,988 3.70% (818,377)
JPMorgan Chase & Co. NRG Energy, Inc., US LIBOR + 1.75%, due 02/01/13 07/01/2008 12,085 3.70% (867,607)
JPMorgan Chase & Co. NRG Holdings, Inc., US LIBOR + 2.5%, due 06/08/14 07/01/2008 3,670 3.70% (292,514)
JPMorgan Chase & Co. Owens-Brockway, US LIBOR + 1.75%, due 06/14/13 07/01/2008 1,842 3.70% (110,324)
JPMorgan Chase & Co. R.H. Donnelley Inc., US LIBOR + 1.5%, due 06/30/11 07/01/2008 14,421 3.70% (482,308)
JPMorgan Chase & Co. Tenneco Automotive, Inc., US LIBOR + 1.75%,
due 03/16/14 07/01/2008 4,675 3.70% (298,207)
JPMorgan Chase & Co. Time Warner Telecommunications Holdings,
US LIBOR + 2.25%, due 01/07/13 07/01/2008 4,747 3.70% (193,567)
JPMorgan Chase & Co. Virgin Media Investment Holding, EURIBOR + 2.0%,
due 10/04/13 07/01/2008 2,933 4.70% (526,317)
JPMorgan Chase & Co. Virgin Media Investment Holding, GB LIBOR + 2.125%,
due 10/04/13 07/01/2008 2,161 6.11% (780,401)
JPMorgan Chase & Co. Windstream Corp., US LIBOR + 1.5%, due 07/17/13 07/01/2008 4,777 3.70% (123,495)
JPMorgan Chase & Co. Yell Group PLC, US LIBOR + 2.00%, due 10/27/12 07/01/2008 1,840 (a) (124,304)
-----------------
$ (21,889,971)
=================
For each swap noted, the Fund pays a floating rate and receives the total return
of the underlying asset.
(a) Not settled as of January 31, 2008.
Credit Default Swap Agreements
Notional Unrealized
Termination Amount Paying Appreciation
Counterparty Underlying Term Loan Date (000) Floating Rate (Depreciation)
------------------- -------------------- ----------- ------------- -------------------------
JPMorgan Chase & Co. AMR Corp. 03/20/2013 2,500 8.80% (60,714)
JPMorgan Chase & Co. CDX NA HY S9 100 S 12/20/2012 10,000 3.75% 819,061
-----------------
$ 758,347
=================
$ (21,131,624)
=================
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: March 28, 2008
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: March 28, 2008
By: /s/ Robert White
-------------------------------------------------------------------------
Robert White
Treasurer and Chief Financial Officer
Date: March 28, 2008