gug53560-nq.htm
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     811-21309
Advent Claymore Convertible Securities and Income Fund
(Exact name of registrant as specified in charter)

1271 Avenue of the Americas, 45th Floor, New York, NY 10020
(Address of principal executive offices) (Zip code)
Robert White
 1271 Avenue of the Americas, 45th Floor
New York, NY 10020
(Name and address of agent for service)

Registrant’s telephone number, including area code:  (212) 482-1600                                                                                                                     

Date of fiscal year end: October 31                                                                

Date of reporting period: January 31, 2012                                                                           

 
 
 

 



Item 1.                      Schedule of Investments.
                  Attached hereto.
 
AVK Advent Claymore Convertible Securities & Income Fund
             
Portfolio of Investments
         
January 31, 2012 (unaudited)
         
                 
 
Principal
         
Optional Call
 
 
Amount^
 
Description
Rating*
Coupon
Maturity
Provisions**
Value
     
Long-Term Investments - 150.3%
         
     
Convertible Bonds - 89.2%
         
     
Aerospace & Defense - 1.6%
         
 
$2,000,000
 
AAR Corp.(a)
B+
1.63%
03/01/2014
N/A
$1,895,000
 
4,900,000
 
L-3 Communications Holdings, Inc.
BB+
3.00%
08/01/2035
02/01/16 @ 100
4,777,500
               
6,672,500
                 
     
Apparel - 0.9%
         
 
3,750,000
 
Iconix Brand Group, Inc.(a)
NR
2.50%
06/01/2016
N/A
3,712,500
                 
     
Auto Manufacturers - 0.8%
         
 
3,000,000
 
Navistar International Corp.
B
3.00%
10/15/2014
N/A
3,491,250
                 
     
Biotechnology - 7.6%
         
 
10,500,000
 
Amgen, Inc., Series B
A+
0.38%
02/01/2013
N/A
10,880,625
 
2,850,000
 
Dendreon Corp.
NR
2.88%
01/15/2016
N/A
2,390,437
 
8,100,000
 
Gilead Sciences, Inc.
A-
1.00%
05/01/2014
N/A
9,831,375
 
4,920,000
 
Illumina, Inc.(a)
NR
0.25%
03/15/2016
N/A
4,729,350
 
3,000,000
 
Vertex Pharmaceuticals, Inc.
NR
3.35%
10/01/2015
10/01/13 @ 101
3,300,000
               
31,131,787
                 
     
Coal - 3.1%
         
 
9,933,000
 
Alpha Appalachia Holdings, Inc.
BB-
3.25%
08/01/2015
N/A
9,312,188
 
3,875,000
 
Alpha Natural Resources, Inc.
B+
2.38%
04/15/2015
N/A
3,623,125
               
12,935,313
                 
     
Commercial Services - 1.4%
         
 
5,000,000
 
Sotheby's
BB
3.13%
06/15/2013
N/A
5,950,000
                 
     
Computers - 3.3%
         
 
1,700,000
 
EMC Corp., Series B
A-
1.75%
12/01/2013
N/A
2,826,250
 
4,500,000
 
Netapp, Inc.
NR
1.75%
06/01/2013
N/A
5,838,750
 
3,000,000
 
RadiSys Corp.
NR
2.75%
02/15/2013
N/A
2,977,500
 
1,625,000
 
SanDisk Corp.
BB
1.50%
08/15/2017
N/A
1,885,000
               
13,527,500
                 
     
Diversified Financial Services - 2.4%
         
 
5,000,000
 
Affiliated Managers Group, Inc.
BBB-
3.95%
08/15/2038
08/15/13 @ 100
5,493,750
 
7,350,000
 
QBE Funding Trust (Australia)(b)
A
0.00%
05/12/2030
05/12/13 @ 100
4,542,300
               
10,036,050
                 
     
Electronics - 1.2%
         
 
6,000,000
 
Vishay Intertechnology, Inc.(a)
BB+
2.25%
05/15/2041
N/A
5,130,000
                 
     
Entertainment - 0.7%
         
 
2,500,000
 
International Game Technology
BBB
3.25%
05/01/2014
N/A
2,868,750
                 
     
Environmental Control - 0.9%
         
 
3,500,000
 
Covanta Holding Corp.
B
3.25%
06/01/2014
N/A
3,784,375
                 
     
Health Care Products - 5.4%
         
 
5,848,000
 
Hologic, Inc., Series 2010(c)
BB+
2.00%
12/15/2037
12/15/16 @ 100
6,966,430
 
6,468,000
 
Hologic, Inc.(d)
BB+
2.00%
12/15/2037
12/15/13 @ 100
6,346,725
 
8,575,000
 
Medtronic, Inc., Series B
AA-
1.63%
04/15/2013
N/A
8,735,781
               
22,048,936
                 
     
Health Care Services - 2.9%
         
 
4,640,000
 
LifePoint Hospitals, Inc.
B
3.50%
05/15/2014
N/A
4,918,400
 
2,989,000
 
Lincare Holdings, Inc., Series B
NR
2.75%
11/01/2037
11/01/14 @ 100
3,314,054
 
3,000,000
 
Molina Healthcare, Inc., Series MOH
NR
3.75%
10/01/2014
N/A
3,607,500
               
11,839,954
                 
     
Home Builders - 0.7%
         
 
2,350,000
 
Lennar Corp.(a)
B+
2.75%
12/15/2020
12/20/15 @ 100
2,861,125
                 
     
Insurance - 1.7%
         
 
EUR 632,500
 
AXA SA, Series CS (France)
BBB+
3.75%
01/01/2017
N/A
1,947,415
 
$4,760,000
 
Old Republic International Corp.
BBB+
8.00%
05/15/2012
N/A
4,843,300
               
6,790,715
                 
     
Internet - 3.7%
         
 
6,000,000
 
Digital River, Inc.
NR
2.00%
11/01/2030
11/01/15 @ 100
5,362,500
 
11,300,000
 
WebMD Health Corp.(a)
NR
2.50%
01/31/2018
N/A
9,831,000
               
15,193,500
                 
     
Iron & Steel - 4.6%
         
 
2,250,000
 
Allegheny Technologies, Inc.
BBB-
4.25%
06/01/2014
N/A
3,057,188
 
5,000,000
 
ArcelorMittal (Luxembourg)
BBB-
5.00%
05/15/2014
N/A
5,443,750
 
3,750,000
 
Steel Dynamics, Inc.
BB+
5.13%
06/15/2014
N/A
4,387,500
 
5,000,000
 
U.S. Steel Corp.
BB
4.00%
05/15/2014
N/A
5,993,750
               
18,882,188
                 
     
Lodging - 2.3%
         
 
1,400,000
 
Gaylord Entertainment Co.(a)
NR
3.75%
10/01/2014
N/A
1,708,000
 
7,368,000
 
MGM Resorts International
B-
4.25%
04/15/2015
N/A
7,810,080
               
9,518,080
                 
     
Media - 1.0%
         
 
2,850,000
 
XM Satellite Radio, Inc.(a)
BB
7.00%
12/01/2014
N/A
3,997,125
                 
     
Mining - 3.4%
         
 
6,350,000
 
Goldcorp, Inc. (Canada)
BBB+
2.00%
08/01/2014
N/A
8,175,625
 
4,000,000
 
Newmont Mining Corp., Series A
BBB+
1.25%
07/15/2014
N/A
5,710,000
               
13,885,625
                 
     
Miscellaneous Manufacturing - 1.0%
         
 
3,975,000
 
Trinity Industries, Inc.
BB-
3.88%
06/01/2036
06/01/18 @ 100
4,009,781
                 
     
Oil & Gas - 3.1%
         
 
5,835,000
 
Chesapeake Energy Corp.
BB+
2.50%
05/15/2037
05/15/17 @ 100
5,127,506
 
7,300,000
 
Lukoil International Finance BV (Russia)
BBB-
2.63%
06/16/2015
N/A
7,721,575
               
12,849,081
                 
     
Packaging & Containers - 2.3%
         
 
9,650,000
 
Owens-Brockway Glass Container, Inc.(a)
BB
3.00%
06/01/2015
N/A
9,505,250
                 
     
Pharmaceuticals - 4.7%
         
 
2,700,000
 
ENDO Pharmaceuticals Holdings, Inc.
NR
1.75%
04/15/2015
N/A
3,729,375
 
2,500,000
 
Isis Pharmaceuticals, Inc.
NR
2.63%
02/15/2027
02/15/13 @ 100
2,365,625
 
8,818,000
 
Omnicare, Inc., Series OCR
B+
3.25%
12/15/2035
12/15/15 @ 100
8,443,235
 
4,000,000
 
Shire PLC, Series SHP (Channel Islands)
NR
2.75%
05/09/2014
N/A
4,628,000
               
19,166,235
                 
     
Real Estate - 1.0%
         
 
3,781,000
 
Forest City Enterprises, Inc.
NR
3.63%
10/15/2014
10/15/13 @ 100
4,081,117
                 
     
Real Estate Investment Trusts - 8.0%
         
 
2,100,000
 
Annaly Capital Management, Inc.
NR
4.00%
02/15/2015
N/A
2,493,750
 
6,398,000
 
Boston Properties, LP
A-
3.75%
05/15/2036
05/18/13 @ 100
7,389,690
 
3,000,000
 
DDR Corp.
NR
1.75%
11/15/2040
11/20/15 @ 100
3,180,000
 
6,200,000
 
Health Care REIT, Inc.
BBB-
3.00%
12/01/2029
12/01/14 @ 100
7,347,000
 
1,300,000
 
Host Hotels & Resorts, LP(a)
BB+
2.50%
10/15/2029
10/20/15 @ 100
1,745,250
 
4,960,000
 
NorthStar Realty Finance, LP(a)
NR
7.50%
03/15/2031
03/15/16 @ 100
4,625,200
 
5,500,000
 
SL Green Operating Partnership(a)
BB+
3.00%
10/15/2017
N/A
6,063,750
               
32,844,640
                 
     
Retail - 2.1%
         
 
9,250,000
 
RadioShack Corp.(a)
Ba3
2.50%
08/01/2013
N/A
8,718,125
                 
     
Semiconductors - 9.5%
         
 
9,964,000
 
Advanced Micro Devices, Inc.
B+
6.00%
05/01/2015
N/A
10,175,735
 
5,000,000
 
Intel Corp.(h)
A-
2.95%
12/15/2035
N/A
5,643,750
 
5,000,000
 
Lam Research Corp.(a)
BB+
0.50%
05/15/2016
N/A
5,081,250
 
3,000,000
 
Linear Technology Corp., Series A
NR
3.00%
05/01/2027
05/01/14 @ 100
3,210,000
 
3,000,000
 
Micron Technology, Inc., Series A(a)
NR
1.50%
08/01/2031
08/05/15 @ 100
2,992,500
 
4,000,000
 
ON Semiconductor Corp.
BB
2.63%
12/15/2026
12/20/13 @ 100
4,555,000
 
2,000,000
 
Photronics, Inc.(a)
NR
3.25%
04/01/2016
N/A
2,012,500
 
5,000,000
 
Rovi Corp.
NR
2.63%
02/15/2040
02/20/15 @ 100
5,375,000
               
39,045,735
                 
     
Telecommunications - 7.9%
         
 
13,825,000
 
Alcatel-Lucent USA, Inc., Series B (France)
B
2.88%
06/15/2025
06/20/13 @ 100
12,701,719
 
1,344,000
 
Anixter International, Inc.
B+
1.00%
02/15/2013
N/A
1,607,760
 
GBP 4,000,000
 
Cable & Wireless Worldwide PLC (United Kingdom)
NR
5.75%
11/24/2014
N/A
5,775,667
 
$5,000,000
 
Ciena Corp.(a)
NR
4.00%
03/15/2015
N/A
5,337,500
 
4,000,000
 
SBA Communications Corp.
NR
1.88%
05/01/2013
N/A
4,755,000
 
1,685,000
 
Virgin Media, Inc.
B+
6.50%
11/15/2016
N/A
2,556,988
               
32,734,634
                 
     
Total Convertible Bonds - 89.2%
         
     
(Cost $342,765,232)
       
367,211,871
                 
     
Corporate Bonds - 50.2%
         
     
Advertising - 0.3%
         
 
1,250,000
 
Lamar Media Corp.
BB-
7.88%
04/15/2018
04/15/14 @ 104
1,371,875
                 
     
Agriculture - 0.2%
         
 
750,000
 
North Atlantic Trading Co.(a)
B2
11.50%
07/15/2016
07/15/13 @ 109
748,125
                 
     
Auto Manufacturers - 0.5%
         
 
500,000
 
Chrysler Group, LLC/CG Co-Issuer, Inc.(a)
B
8.25%
06/15/2021
06/15/16 @ 104
480,000
 
1,000,000
 
Ford Motor Co.
BB+
6.63%
10/01/2028
N/A
1,074,532
 
250,000
 
Jaguar Land Rover PLC (United Kingdom)(a)
B+
7.75%
05/15/2018
05/15/14 @ 106
249,375
 
250,000
 
Jaguar Land Rover PLC (United Kingdom)(a)
B+
8.13%
05/15/2021
05/15/16 @ 104
246,250
               
2,050,157
                 
     
Auto Parts & Equipment - 2.3%
         
 
500,000
 
Cooper Tire & Rubber Co.
BB-
8.00%
12/15/2019
N/A
522,500
 
3,750,000
 
Dana Holding Corp.
BB-
6.50%
02/15/2019
02/15/15 @ 103
4,007,813
 
320,000
 
Goodyear Tire & Rubber Co.
B+
8.25%
08/15/2020
08/15/15 @ 104
349,600
 
750,000
 
Lear Corp.
BB
7.88%
03/15/2018
03/15/14 @ 104
821,250
 
500,000
 
Pittsburgh Glass Works, LLC(a)
B+
8.50%
04/15/2016
04/15/13 @ 104
506,250
 
2,780,000
 
TRW Automotive, Inc.(a)
BB+
8.88%
12/01/2017
12/01/13 @ 104
3,085,800
               
9,293,213
                 
     
Banks - 2.1%
         
 
1,750,000
 
Ally Financial, Inc.
B+
8.30%
02/12/2015
N/A
1,934,835
 
5,400,000
 
Capital One Capital V
BB+
10.25%
08/15/2039
N/A
5,683,500
 
1,000,000
 
Synovus Financial Corp.
B-
5.13%
06/15/2017
N/A
897,500
               
8,515,835
                 
     
Beverages - 1.0%
         
 
3,750,000
 
Constellation Brands, Inc.
BB+
7.25%
09/01/2016
N/A
4,228,125
                 
     
Building Materials - 0.2%
         
 
750,000
 
Masco Corp.
BBB-
7.13%
03/15/2020
N/A
772,986
                 
     
Chemicals - 1.1%
         
 
250,000
 
CF Industries, Inc.
BB+
6.88%
05/01/2018
N/A
290,625
 
1,000,000
 
CF Industries, Inc.
BB+
7.13%
05/01/2020
N/A
1,200,000
 
1,000,000
 
Chevron Phillips Chemical Co., LLC(a)
BBB
4.75%
02/01/2021
11/01/20 @ 100
1,141,376
 
802,053
 
Lyondell Chemical Co.
BB+
11.00%
05/01/2018
05/01/13 @ 100
882,258
 
1,375,000
 
Vertellus Specialties, Inc.(a)
B
9.38%
10/01/2015
04/01/13 @ 105
1,031,250
               
4,545,509
                 
     
Coal - 0.4%
         
 
1,075,000
 
Alpha Natural Resources, Inc.
BB
6.25%
06/01/2021
06/01/16 @ 103
1,069,625
 
100,000
 
Peabody Energy Corp.(a)
BB+
6.00%
11/15/2018
N/A
103,500
 
100,000
 
Peabody Energy Corp.(a)
BB+
6.25%
11/15/2021
N/A
103,500
 
500,000
 
SunCoke Energy, Inc.
B+
7.63%
08/01/2019
08/01/14 @ 106
507,500
               
1,784,125
                 
     
Commercial Services - 0.6%
         
 
1,000,000
 
Avis Budget Car Rental, LLC
B
8.25%
01/15/2019
10/15/14 @ 104
1,057,500
 
1,000,000
 
Emergency Medical Services Corp.
B-
8.13%
06/01/2019
06/01/14 @ 106
1,025,000
 
500,000
 
Neff Rental, LLC(a)
B-
9.63%
05/15/2016
05/15/13 @ 107
472,500
               
2,555,000
                 
     
Computers - 3.2%
         
 
11,693,000
 
Seagate HDD Cayman (Ireland)
BB+
7.75%
12/15/2018
12/15/14 @ 104
13,008,463
                 
     
Diversified Financial Services - 3.2%
         
 
5,578,000
 
Ford Motor Credit Co., LLC
BB+
12.00%
05/15/2015
N/A
7,000,390
 
1,500,000
 
International Lease Finance Corp.
BBB-
8.25%
12/15/2020
N/A
1,605,000
 
1,000,000
 
Marfrig Holding Europe BV (Netherlands)(a)
B+
8.38%
05/09/2018
N/A
845,000
 
5,000,000
 
Textron Financial Corp.(a) (e)
B
6.00%
02/15/2067
02/15/17 @ 100
3,825,000
               
13,275,390
                 
     
Electric - 1.4%
         
 
3,850,000
 
AES Corp.
BB-
7.75%
10/15/2015
N/A
4,254,250
 
250,000
 
AES Corp.
BB-
8.00%
06/01/2020
N/A
285,000
 
750,000
 
AES Corp.(a)
BB-
7.38%
07/01/2021
N/A
832,500
 
750,000
 
Texas Competitive Electric Holdings Co., LLC(a)
CCC
11.50%
10/01/2020
04/01/16 @ 106
570,000
               
5,941,750
                 
     
Entertainment - 0.2%
         
 
650,000
 
Mohegan Tribal Gaming Authority
CC
6.13%
02/15/2013
04/16/12 @ 100
536,250
 
200,000
 
Production Resource Group, Inc.(a)
B-
8.88%
05/01/2019
05/01/14 @ 107
181,000
               
717,250
                 
     
Food - 1.3%
         
 
1,000,000
 
Bumble Bee Acquisition Corp.(a)
B
9.00%
12/15/2017
12/15/14 @ 105
1,035,000
 
750,000
 
Del Monte Foods Co.
CCC+
7.63%
02/15/2019
02/15/14 @ 104
741,562
 
1,500,000
 
Land O'Lakes Capital Trust I(a)
BB
7.45%
03/15/2028
N/A
1,440,000
 
600,000
 
Post Holdings, Inc.(a)
B1
7.38%
02/15/2022
02/15/17 @ 104
622,500
 
EUR 750,000
 
R&R Ice Cream PLC (United Kingdom)(a)
B+
8.38%
11/15/2017
11/15/13 @ 106
947,425
 
$500,000
 
Reddy ICE Corp.
CCC+
11.25%
03/15/2015
03/15/13 @ 106
470,000
               
5,256,487
                 
     
Forest Products & Paper - 0.3%
         
 
1,004,000
 
AbitibiBowater, Inc.(a)
BB-
10.25%
10/15/2018
10/15/14 @ 105
1,137,030
 
500,000
 
Verso Paper Holdings, LLC, Series B
CCC+
11.38%
08/01/2016
08/01/12 @ 104
205,000
               
1,342,030
                 
     
Health Care Products - 0.3%
         
 
1,500,000
 
Rotech Healthcare, Inc.
B
10.50%
03/15/2018
03/15/15 @ 105
1,185,000
                 
     
Health Care Services - 2.5%
         
 
1,250,000
 
Apria Healthcare Group, Inc.
BB+
11.25%
11/01/2014
11/01/12 @ 103
1,310,938
 
1,750,000
 
Capella Healthcare, Inc.
B
9.25%
07/01/2017
07/01/13 @ 107
1,789,375
 
3,100,000
 
HCA, Inc.
B-
5.75%
03/15/2014
N/A
3,220,125
 
1,000,000
 
IASIS Healthcare, LLC / IASIS Capital Corp.
CCC+
8.38%
05/15/2019
05/15/14 @ 106
967,500
 
250,000
 
Select Medical Corp.
CCC+
7.63%
02/01/2015
02/01/13 @ 100
248,750
 
1,300,000
 
Select Medical Corp.(e)
CCC+
6.27%
09/15/2015
03/19/12 @ 100
1,168,375
 
1,500,000
 
Tenet Healthcare Corp.
CCC+
8.00%
08/01/2020
08/01/15 @ 104
1,556,250
               
10,261,313
                 
     
Holding Companies-Diversified - 0.3%
         
 
1,000,000
 
Leucadia National Corp.
B+
8.65%
01/15/2027
01/15/13 @ 102
1,020,000
                 
     
Home Builders - 0.2%
         
 
750,000
 
Beazer Homes USA, Inc.
CCC
8.13%
06/15/2016
N/A
652,500
                 
     
Household Products & Housewares - 1.4%
         
 
1,000,000
 
Reynolds Group Issuer, Inc.(a)
B-
9.25%
05/15/2018
05/15/14 @ 104
1,002,500
 
500,000
 
Reynolds Group Issuer, Inc.(a)
BB-
7.13%
04/15/2019
10/15/14 @ 104
527,500
 
150,000
 
Spectrum Brands Holdings, Inc.(a)
B
9.50%
06/15/2018
06/15/14 @ 105
170,813
 
2,500,000
 
Spectrum Brands Holdings, Inc.
B
9.50%
06/15/2018
06/15/14 @ 105
2,846,875
 
1,000,000
 
Yankee Candle Co., Inc., Series B
CCC+
9.75%
02/15/2017
02/15/13 @ 103
1,007,500
               
5,555,188
                 
     
Insurance - 2.1%
         
 
5,700,000
 
Liberty Mutual Group, Inc.(a) (e)
BB
10.75%
06/15/2058
06/15/38 @ 100
7,324,500
 
1,000,000
 
MetLife, Inc.
BBB
10.75%
08/01/2039
08/01/34 @ 100
1,394,082
               
8,718,582
                 
     
Investment Companies - 0.1%
         
 
500,000
 
Offshore Group Investment Ltd. (Cayman Islands)
B-
11.50%
08/01/2015
02/01/13 @ 109
556,250
                 
     
Iron & Steel - 0.5%
         
 
575,000
 
Algoma Acquisition Corp. (Canada)(a)
CCC+
9.88%
06/15/2015
06/15/12 @ 102
497,375
 
750,000
 
Edgen Murray Corp.
B-
12.25%
01/15/2015
01/15/13 @ 106
701,250
 
650,000
 
Optima Specialty Steel, Inc.(a)
B
12.50%
12/15/2016
12/15/14 @ 106
669,500
               
1,868,125
                 
     
Leisure Time - 0.2%
         
 
750,000
 
Brunswick Corp.
B
7.13%
08/01/2027
N/A
690,000
                 
     
Lodging - 3.9%
         
 
1,000,000
 
Caesars Entertainment Operating Co., Inc.
CCC
10.00%
12/15/2018
12/15/13 @ 105
777,500
 
1,750,000
 
Marina District Finance Co., Inc.
BB-
9.88%
08/15/2018
08/15/14 @ 105
1,645,000
 
1,250,000
 
MGM Resorts International
B-
7.63%
01/15/2017
N/A
1,250,000
 
650,000
 
MTR Gaming Group, Inc.(a)
B-
11.50%
08/01/2019
08/01/15 @ 106
598,000
 
3,305,000
 
Starwood Hotels & Resorts Worldwide, Inc.
BB+
6.75%
05/15/2018
N/A
3,809,012
 
7,106,000
 
Wynn Las Vegas, LLC / Wynn Las Vegas Capital Corp.
BBB-
7.75%
08/15/2020
08/15/15 @ 104
8,065,310
               
16,144,822
                 
     
Machinery-Construction & Mining - 0.1%
         
 
250,000
 
Terex Corp.
BB-
10.88%
06/01/2016
06/01/13 @ 105
283,750
                 
     
Machinery-Diversified - 0.4%
         
 
1,500,000
 
Case New Holland, Inc.
BB+
7.88%
12/01/2017
N/A
1,736,250
                 
     
Media - 2.7%
         
 
1,500,000
 
CCO Holdings, LLC
BB-
6.50%
04/30/2021
04/30/15 @ 105
1,567,500
 
537,000
 
Clear Channel Worldwide Holdings, Inc., Series B
B
9.25%
12/15/2017
12/15/12 @ 107
594,727
 
4,378,000
 
DISH DBS Corp.
BB-
7.13%
02/01/2016
N/A
4,826,745
 
500,000
 
Gannett Co., Inc.
Baa3
10.00%
04/01/2016
N/A
567,500
 
750,000
 
Gray Television, Inc.
CCC
10.50%
06/29/2015
11/01/12 @ 108
781,875
 
1,000,000
 
Univision Communications, Inc.(a)
CCC+
8.50%
05/15/2021
11/15/15 @ 104
975,000
 
1,600,000
 
XM Satellite Radio, Inc.(a)
BB
7.63%
11/01/2018
11/01/14 @ 104
1,722,000
               
11,035,347
                 
     
Mining - 0.4%
         
 
1,125,000
 
FMG Resources August 2006 Pty Ltd. (Australia)(a)
B+
6.88%
02/01/2018
02/01/14 @ 105
1,150,312
 
500,000
 
FMG Resources August 2006 Pty Ltd. (Australia)(a)
B+
8.25%
11/01/2019
11/01/15 @ 104
538,750
               
1,689,062
                 
     
Oil & Gas - 3.4%
         
 
2,500,000
 
Alta Mesa Holdings, LP / Alta Mesa Finance Services Corp.
B
9.63%
10/15/2018
10/15/14 @ 105
2,362,500
 
250,000
 
Bill Barrett Corp.
BB-
7.63%
10/01/2019
10/01/15 @ 104
255,625
 
500,000
 
Carrizo Oil & Gas, Inc.
B-
8.63%
10/15/2018
10/15/14 @ 104
505,000
 
1,000,000
 
Clayton Williams Energy, Inc.(a)
B
7.75%
04/01/2019
04/01/15 @ 104
975,000
 
1,250,000
 
Energy XXI Gulf Coast, Inc.
B
9.25%
12/15/2017
12/15/14 @ 105
1,371,875
 
1,000,000
 
Hercules Offshore, Inc.(a)
B-
10.50%
10/15/2017
10/15/13 @ 105
1,005,000
 
1,000,000
 
Petrohawk Energy Corp.
BBB+
7.25%
08/15/2018
08/15/14 @ 104
1,145,000
 
1,000,000
 
Pioneer Natural Resources Co.
BBB-
6.65%
03/15/2017
N/A
1,140,769
 
500,000
 
Plains Exploration & Production Co.
BB
6.75%
02/01/2022
02/01/17 @ 103
546,250
 
500,000
 
Range Resources Corp.
BB
8.00%
05/15/2019
05/15/14 @ 104
553,750
 
1,500,000
 
Tesoro Corp.
BB+
9.75%
06/01/2019
06/01/14 @ 105
1,706,250
 
250,000
 
Unit Corp.
BB-
6.63%
05/15/2021
05/15/16 @ 103
253,750
 
500,000
 
United Refining Co.
B
10.50%
02/28/2018
02/28/15 @ 105
470,000
 
500,000
 
W&T Offshore, Inc.
B
8.50%
06/15/2019
06/15/15 @ 104
534,375
 
1,000,000
 
Western Refining, Inc.(a)
B+
11.25%
06/15/2017
06/15/13 @ 106
1,135,000
               
13,960,144
                 
     
Oil & Gas Services - 1.1%
         
 
500,000
 
Forbes Energy Services Ltd.
B-
9.00%
06/15/2019
06/15/15 @ 105
480,000
 
650,000
 
Green Field Energy Services, Inc.(a)
CCC+
13.00%
11/15/2016
11/15/14 @ 110
643,500
 
1,500,000
 
SESI, LLC
BB+
6.38%
05/01/2019
05/01/15 @ 103
1,563,750
 
1,518,000
 
Stallion Oilfield Holdings Ltd.
B
10.50%
02/15/2015
02/15/13 @ 105
1,647,030
               
4,334,280
                 
     
Packaging & Containers - 0.0%+
         
 
125,000
 
Sealed Air Corp.(a)
BB
8.38%
09/15/2021
09/15/16 @ 104
141,250
                 
     
Pharmaceuticals - 3.4%
         
 
2,760,000
 
Aptalis Pharma, Inc.
B
12.75%
03/01/2016
03/01/13 @ 103
2,953,200
 
EUR 2,000,000
 
Capsugel FinanceCo SCA (Luxembourg)(a)
B
9.88%
08/01/2019
08/01/14 @ 107
2,834,092
 
$500,000
 
ENDO Pharmaceuticals Holdings, Inc.
BB-
7.25%
01/15/2022
07/15/16 @ 104
553,125
 
6,028,000
 
Omnicare, Inc.
BB
7.75%
06/01/2020
06/01/15 @ 104
6,706,150
 
1,000,000
 
Valeant Pharmaceuticals International(a)
BB-
7.00%
10/01/2020
10/01/15 @ 104
1,021,250
               
14,067,817
                 
     
Pipelines - 0.3%
         
 
500,000
 
Crosstex Energy, LP
B+
8.88%
02/15/2018
02/15/14 @ 104
545,000
 
750,000
 
Eagle Rock Energy Partners, LP(a)
B-
8.38%
06/01/2019
06/01/15 @ 104
768,750
               
1,313,750
                 
     
Real Estate - 0.1%
         
 
500,000
 
Kennedy-Wilson, Inc.(a)
BB-
8.75%
04/01/2019
04/01/15 @ 104
506,250
                 
     
Real Estate Investment Trusts - 1.0%
         
 
4,100,000
 
Rouse Co., LP
BB+
6.75%
11/09/2015
05/09/13 @ 103
4,264,000
                 
     
Retail - 2.5%
         
 
325,000
 
Bon-Ton Department Stores, Inc.
CCC+
10.25%
03/15/2014
03/15/12 @ 100
207,188
 
1,750,000
 
Burlington Coat Factory Warehouse Corp.
Caa1
10.00%
02/15/2019
02/15/15 @ 105
1,671,250
 
1,000,000
 
Dave & Buster's, Inc.
CCC+
11.00%
06/01/2018
06/01/14 @ 106
1,058,750
 
1,000,000
 
Fiesta Restaurant Group(a)
B
8.88%
08/15/2016
02/15/14 @ 104
1,025,000
 
1,500,000
 
HOA Restaurant Group, LLC(a)
B
11.25%
04/01/2017
04/01/14 @ 106
1,402,500
 
650,000
 
Landry's Acquisition Co.(a)
B
11.63%
12/01/2015
12/01/12 @ 106
700,375
 
1,000,000
 
Landry's Restaurants, Inc.
B
11.63%
12/01/2015
12/01/12 @ 106
1,077,500
 
750,000
 
Needle Merger Sub Corp.(a)
CCC+
8.13%
03/15/2019
03/15/14 @ 104
732,187
 
400,000
 
Rite AID Corp.
CCC
9.38%
12/15/2015
06/15/12 @ 102
405,000
 
500,000
 
Rite AID Corp.
B+
9.75%
06/12/2016
06/12/13 @ 105
551,250
 
1,500,000
 
Toys "R" US Property Co. II, LLC
B+
8.50%
12/01/2017
12/01/13 @ 104
1,614,375
               
10,445,375
                 
     
Software - 0.2%
         
 
250,000
 
Emdeon, Inc.(a)
Caa1
11.00%
12/31/2019
12/31/15 @ 106
271,250
 
625,000
 
Lawson Software, Inc.(a)
B-
11.50%
07/15/2018
07/15/15 @ 106
634,375
               
905,625
                 
     
Storage & Warehousing - 0.2%
         
 
1,000,000
 
Niska Gas Storage US, LLC
BB-
8.88%
03/15/2018
03/15/14 @ 104
966,250
                 
     
Telecommunications - 3.9%
         
 
1,500,000
 
Crown Castle International Corp.
B-
9.00%
01/15/2015
01/15/13 @ 106
1,642,500
 
300,000
 
EH Holding Corp.(a)
B+
6.50%
06/15/2019
N/A
313,875
 
150,000
 
EH Holding Corp.(a)
B-
7.63%
06/15/2021
N/A
159,000
 
1,000,000
 
Intelsat Jackson Holdings SA (Luxembourg)
CCC+
11.25%
06/15/2016
06/15/12 @ 104
1,062,500
 
1,000,000
 
Intelsat Luxembourg SA (Luxembourg)
CCC+
11.25%
02/04/2017
02/15/13 @ 106
1,012,500
 
500,000
 
Level 3 Communications, Inc.
CCC
11.88%
02/01/2019
02/01/15 @ 106
547,500
 
1,500,000
 
NII Capital Corp.
B+
7.63%
04/01/2021
04/01/16 @ 104
1,545,000
 
2,000,000
 
SBA Telecommunications, Inc.
B+
8.00%
08/15/2016
08/15/12 @ 106
2,175,000
 
750,000
 
Virgin Media Finance PLC, Series 1 (United Kingdom)
BB-
9.50%
08/15/2016
08/15/13 @ 105
851,250
 
4,500,000
 
Virgin Media Finance PLC (United Kingdom)
BB-
8.38%
10/15/2019
10/15/14 @ 104
5,062,500
 
EUR 500,000
 
Wind Acquisition Finance SA (Luxembourg)(a)
BB-
11.75%
07/15/2017
07/15/13 @ 106
600,592
 
$500,000
 
Windstream Corp.
B+
7.75%
10/01/2021
10/01/16 @ 104
542,500
 
650,000
 
Windstream Corp.(a)
B+
7.50%
06/01/2022
06/01/17 @ 104
684,125
               
16,198,842
                 
     
Transportation - 0.7%
         
 
1,500,000
 
Navios Maritime Holdings, Inc. (Marshall Island)
BB-
8.88%
11/01/2017
11/01/13 @ 104
1,492,500
 
1,000,000
 
Ship Finance International Ltd. (Bermuda)
B+
8.50%
12/15/2013
03/05/12 @ 100
962,500
 
400,000
 
Swift Services Holdings, Inc.
B
10.00%
11/15/2018
11/15/14 @ 105
436,500
               
2,891,500
                 
     
Total Corporate Bonds - 50.2%
         
     
(Cost $200,717,040)
       
206,797,592
                 
     
Term Loans - 0.7%(f)
         
 
$995,000
 
Chrysler Group LLC/CG Co-Issuer, Inc., Tranche B
Ba2
6.00%
05/24/2017
N/A
$976,513
 
1,250,000
 
Media General, Inc.
NR
5.04%
03/29/2013
N/A
1,161,458
 
1,000,000
 
Revel Entertainment
NR
9.00%
02/17/2017
N/A
966,250
     
(Cost $3,003,532)
       
3,104,221
                 
 
Number
             
 
of Shares
 
Description
       
Value
     
Convertible Preferred Stocks - 6.1%
         
     
Airlines - 0.5%
         
 
63,650
 
Continental Airlines Finance Trust II
Caa1
6.00%
11/15/2030
 
2,108,406
                 
     
Auto Manufacturers - 0.9%
         
 
93,500
 
General Motors Co., Series B
B+
4.75%
12/01/2013
 
3,745,610
                 
     
Banks - 0.6%
         
 
1,509
 
Bank of America Corp., Series L (g)
BB+
7.25%
-
 
1,390,498
 
7,000
 
Fifth Third Bancorp, Series G(g)
BB+
8.50%
-
 
993,650
               
2,384,148
                 
     
Electric - 0.4%
         
 
30,000
 
PPL Corp.
NR
8.75%
05/01/2014
 
1,576,800
                 
     
Hand & Machine Tools - 0.4%
         
 
12,663
 
Stanley Black & Decker, Inc.
BBB+
4.75%
11/17/2015
 
1,496,640
                 
     
Housewares - 0.4%
         
 
37,290
 
Newell Financial Trust I
BB
5.25%
12/01/2027
 
1,640,760
                 
     
Insurance - 1.9%
         
 
114,250
 
MetLife, Inc.
BBB-
5.00%
09/11/2013
 
7,827,268
                 
     
Oil & Gas - 1.0%
         
 
73,300
 
Apache Corp., Series D
BBB+
6.00%
08/01/2013
 
4,209,619
                 
     
Total Convertible Preferred Stocks - 6.1%
         
     
(Cost $22,709,903)
       
24,989,251
                 
     
Common Stocks - 4.1%
         
     
Banks - 1.5%
         
 
165,000
 
JPMorgan Chase & Co.
       
6,154,500
                 
     
Beverages - 0.7%
         
 
45,000
 
PepsiCo, Inc.
       
2,955,150
                 
     
Internet - 0.4%
         
 
96,000
 
Symantec Corp.(i)
       
1,650,240
                 
     
Oil & Gas - 0.9%
         
 
30,000
 
Diamond Offshore Drilling, Inc.
       
1,869,000
 
20,000
 
Occidental Petroleum Corp.
       
1,995,400
               
3,864,400
                 
     
Pharmaceuticals - 0.6%
         
 
60,000
 
Sanofi-Aventis SA, ADR (France)
       
2,227,800
                 
     
Total Common Stocks - 4.1%
         
     
(Cost $15,065,329)
       
16,852,090
                 
     
Warrants - 0.0%+
         
 
650
 
Greenfield Energy Service (i)
   
11/15/2021
 
39,650
     
(Cost $25,340)
         
                 
     
Total Long-Term Investments - 150.3%
         
     
(Cost $584,286,376)
       
618,994,675
                 
 
Contracts (100 shares per contract)
 
Put Options Purchased(i)
 
Expiration
Date
Exercise
Price
 
Value
     
Put Options Purchased - 0.5%
         
 
2,543
 
Chesapeake Energy Corp.
 
April 2012
$17.00
 
101,720
 
3,556
 
Jefferies Group, Inc.
 
February 2012
$14.00
 
106,680
 
1,200
 
Jefferies Group, Inc.
 
April 2012
$14.00
 
114,000
 
7,270
 
SPDR S&P 500 ETF Trust
 
March 2012
$127.00
 
1,475,810
     
(Cost $2,062,885)
       
1,798,210
                 
                 
     
Short-Term Investment - 11.5%
         
 
Number
             
 
of Shares
 
Description
       
Value
     
Money Market Fund - 11.5%
         
 
47,481,886
 
Goldman Sachs Financial Prime Obligations
       
47,481,886
     
(Cost $47,481,886)
         
                 
     
Total Investments - 162.3%
         
     
(Cost $633,831,147)
       
668,274,771
     
Other Assets in excess of Liabilities - 2.2%
       
9,313,358
     
Total value of Options Written - (0.9%) (Premiums received $3,185,244)
       
(3,728,600)
     
Preferred Shares, at redemption value - (-63.6% of Net Assets
         
     
Applicable to Common Shareholders or -39.2% of Total Investments)
       
(262,000,000)
     
Net Assets Applicable to Common Shareholders - 100.0%
       
$       411,859,529
 

Contracts (100
shares per contract)
 
 
Call Options Written(i)(j)
Expiration
Month
Exercise
Price
 
Value
   
Call Options Written - (0.9%)
     
2,330
 
Chesapeake Energy Corp.
January 2013
$30.00
$   (230,670)
300
 
Diamond Offshore Drilling, Inc.
June 2012
66.75
(54,900)
1,350
 
General Motors Co.
January 2013
30.00
(174,150)
1,650
 
JPMorgan Chase & Co.
January 2013
37.00
(717,750)
2,238
 
MetLife, Inc.
January 2013
35.00
(1,163,760)
200
 
Occidental Petroleum Corp.
February 2012
95.00
(110,000)
450
 
PepsiCo, Inc.
July 2012
67.50
(68,850)
600
 
Sanofi Aventis SA
March 2012
38.00
(39,000)
7,270
 
SPDR S&P 500 ETF Trust
March 2012
124.00
(995,990)
938
 
Symantec Corp.
January 2013
17.50
(173,530)
           
   
Total Value of Options Written - (0.9%)
     
   
(Premiums received $3,185,244)
   
$(3,728,600)
 
ADR - American Depositary Receipt
   
BV - Limited Liability Company
   
LLC - Limited Liability Company
   
LP - Limited Partnership
   
N/A- Not Applicable
   
PLC - Public Limited Company
   
Pty - Propriety
   
SA - Corporation
   
S&P - Standard & Poor's
   
SCA - Limited Partnership
   
 
 
All percentages shown in the Portfolio of Investments are based on Net Assets Applicable to Common Shareholders, unless otherwise noted.
*
Ratings shown are per Standard & Poor's, Moody's or Fitch.  Securities classified as NR are not rated. (For securities not rated by Standard & Poor's Rating Group, the rating by Moody's Investor Services, Inc. is provided.  Likewise, for securities not rated by Standard & Poor's Rating Group and Moody's Investor Services, Inc., the rating by Fitch Ratings is provided.)  All ratings are unaudited.  The ratings apply to the credit worthiness of the issuers of the underlying securities and not to the Fund or its shares.
**
Date and price of the earliest optional call or put provision. There may be other call provisions at varying prices at later dates. All call provisions are unaudited.
+
Less than 0.1%
^
The principal amount is denominated in U.S. Dollars unless otherwise noted.
(a)
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, 2012 these securities amounted to $130,278,427, which represents 31.6% of net assets applicable to common shares.
(b)
Zero coupon bond.
(c)
Security becomes an accreting bond after December 15, 2016 with a 2.00% principal accretion rate.
 
(d)
Security becomes an accreting bond after December 15, 2013 with a 2.00% principal accretion rate.
 
(e)
Floating or variable rate coupon.  The rate shown is as of January 31, 2012.
(f)
Term loans held by the Fund have a variable interest rate feature which is periodically adjusted based on an underlying interest rate benchmark.  In addition, term loans may include mandatory and/or optional prepayment terms.  As a result, the actual maturity dates of the loan may be different than the amounts disclosed in the portfolios of investments.  Term loans may be considered restricted in that the Fund may be contractually obligated to secure approval from the Agent Bank and/or Borrower prior to the sale or disposition of loan.
(g)
Security is perpetual and, thus does not have a predetermined maturity date.  The coupon rate shown is in effect as of January 31, 2012.
(h)
A portion of this security has been physically segregated in connection with forward currency contracts.  As of January 31, 2012, the total amount segregated was $3,371,250.
(i)
Non-income producing security.
(j)
At January 31, 2012, cash in the amount of $8,163,876 has been segregated as collateral for written options.
   
 
See previously submitted notes to financial statements for the period ended October 31, 2011.
 
 Country Breakdown as % of Long-Term Investments*
 United States
86.3%
 France
2.7%
 United Kingdom
2.1%
 Ireland
2.1%
 Luxembourg
1.8%
 Canada
1.4%
 Russia
1.3%
 Australia
1.0%
 Channel Islands
0.7%
 Marshall Islands
0.2%
 Bermuda
0.2%
 Netherlands
0.1%
 Cayman Islands
0.1%
 *Subject to change daily.
 
 
 
 
 

 
 
AVK | Advent/Claymore Convertible Securities & Income Fund
                 
Portfolio of Investments
                       
January 31, 2012 (unaudited)
                   
                             
                             
Forward exchange currency contracts
                   
                         
Net Unrealized
 
   
Contracts to Buy
Counterparty
Settlement Date
 
Settlement Value
 
Value at 1/31/12
 
Appreciation/(Depreciation)
 
EUR
    733,609                        
for USD
    969,611  
The Bank of New York Mellon
2/3/2012
    969,611       960,336       (9,275 )
                                     
EUR
    1,024,000                              
for USD
    1,314,711  
The Bank of New York Mellon
3/16/2012
    1,314,711       1,340,611     $ 25,900  
                                     
                                $ 16,625  
                                     
                               
Net Unrealized
 
   
Contracts to Sell
Counterparty
Settlement Date
 
Settlement Value
 
Value at 1/31/12
 
Appreciation/(Depreciation)
 
EUR
    98,750                              
for USD
    129,214  
The Bank of New York Mellon
2/3/2012
    129,214       129,268     $ (54 )
                                     
EUR
    3,260,000                              
for USD
    4,248,203  
The Bank of New York Mellon
3/16/2012
    4,248,203       4,267,962       (19,759 )
                                     
                                  (19,813 )
                                     
                Total unrealized depreciation for forward currency contracts   $ (3,188 )
 
 
 
 

 
 
AVK | Advent/Claymore Convertible Securities & Income Fund
                   
Portfolio of Investments
                                   
January 31, 2012 (unaudited)
                                 
                                     
Credit Default Swap Agreements
                                 
Counterparty
Reference Entity
Buy/Sell Protection
Termination Date
 
Implied Credit Spread at January 31, 2012(1)
   
Notional Amount (000)
   
Paying Fixed Rate
   
Upfront Premium (Paid)
   
Unrealized (Depreciation)
Citigroup
France Republic
Buy
3/20/2017
    1.85 %   $ 5,950       0.25 %   $ (589,260 )   $ (142,036 )
                                               
                                               
Interest Rate Swap Agreements
                                           
Counterparty
Floating Rate
         
Termination Date
   
Notional Amount (000)
   
Pay Fixed Rate
   
Unrealized (Depreciation)
Bank of America Merrill Lynch(2)
1 Month LIBOR + 90bps
   
12/13/2016
    $ 99,769       2.15 %   $ (1,889,500 )
                                               
                                               
                    Total unrealized depreciation for swap agreements     $ (2,031,536 )
                                               
1 Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of an emerging country as
of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular
referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of
the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted”
indicates a credit event has occurred for the referenced entity or obligation.
                 
2 The Fund pays the fixed rate and receives the floating rate
                                 
 
 
 
 

 
At January 31, 2012, the cost and related gross unrealized appreciation and depreciation on investments for
tax purposes are as follows:
 
                     
Cost of Investments for Tax Purposes
 
Gross Tax Unrealized Appreciation
 
Gross Tax Unrealized Depreciation
 
Net Tax Unrealized Appreciation on Investments
$ 637,883,427   $ 40,829,407   $ (10,438,063)   $ 30,391,344
 
                 
GAAP requires disclosure of fair valuation measurements as of each measurement date.  In compliance
with GAAP, the Fund follows a fair value hierarchy that distinguishes between market data obtained from
independent sources (observable inputs) and the Fund's own market assumptions (unobservable inputs).
These inputs are used in determining the value of the Fund's investments and summarized in the following
fair value hierarchy:
               
 
               
Level 1 - quoted prices in active markets for identical securities.
       
 
               
Level 2 - quoted prices in inactive markets or other significant observable inputs (e.g. quoted prices for
similar securities; interest rates; prepayment speed; credit risk; yield curves)
     
 
               
Level 3 - significant unobservable inputs (e.g. discounted cash flow analysis; non-market based methods used
to determine fair value)
               
                 
Observable inputs are those based upon market data obtained from independent sources, and unobservable
inputs reflect the fund's own assumptions based on the best information available.  A financial
   
instrument's level within the fair value hierarchy is based on the lowest level of any input both individually and
in aggregate that is significant to the fair value measurement.  The inputs or methodology used for valuing securities
are not necessarily an indication of the risk associated with investing in those securities.
   
                 
The following are certain inputs and techniques that are generally utilized to evaluate how to classify each major type of investment in accordance with GAAP
                 
Equity Securities (Common and Preferred Stock) – Equity securities traded in active markets where market quotations are readily available are categorized as Level 1.Equity securities traded in inactive markets and certain foreign equities are valued using inputs which include broker quotes, prices of securities closely related where the security held is not trading but the related security is trading, and evaluated price quotes received from independent pricing providers. To the extent that these inputs are observable, such securities are categorized as Level 2. To the extent that these inputs are unobservable, such securities are categorized as Level 3.
                 
Convertible Bonds & Notes – Convertible bonds and notes are valued by independent pricing providers who employ matrix pricing models utilizing various inputs such as market prices, broker quotes, prices of securities with comparable maturities and qualities, and closing prices of corresponding underlying securities. To the extent that these inputs are observable, such securities are categorized as Level 2. To the extent that these inputs are unobservable, such securities are categorized as Level 3.
                 
Corporate Bonds & Notes – Corporate bonds and notes are valued by independent pricing providers who employ matrix pricing models utilizing various inputs such as market prices, broker quotes, and prices of securities with comparable maturities and qualities. To the extent that these inputs are observable, such securities are categorized as Level 2. To the extent that these inputs are unobservable, such securities are categorized as Level 3.
                 
The Fund did not hold any Level 3 securities during the period ended January 31, 2012.
   
                 
The following table represents the Fund’s investments carried by caption and by level within the
 
fair value hierarchy as of January 31, 2012:
           
                 
 
 
 
 
 

 
 
   
Quoted Prices in Active Markets for Identical Assets
   
Significant Other Observable Inputs
   
Significant Unobservable Inputs
 
(Value in $000s)
 
(Level 1)
   
(Level 2)
   
(Level 3)
   
Total
 
 
                       
Description