gug56170-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: November 1, 2012 – January 31, 2013                                                                                                           

 
 
 
 

 
 
Item 1.                    Schedule of Investments.
                Attached hereto.
 
AVK Advent Claymore Convertible Securities and Income Fund
         
Portfolio of Investments
         
January 31, 2013 (unaudited)
         
                 
 
Principal
         
Optional Call
 
 
Amount~
 
Description
Rating*
Coupon
Maturity
Provisions**
Value
     
Long-Term Investments - 153.4%
         
     
Convertible Bonds - 93.3%
         
     
Advertising - 0.8%
         
 
$3,100,000
 
Interpublic Group of Cos., Inc.(a)
BB+
4.750
03/15/2023
03/15/13 @ 100
$3,278,250
                 
     
Aerospace & Defense - 0.7%
         
 
3,000,000
 
Alliant Techsystems, Inc.(a)
BB-
3.000
08/15/2024
08/20/14 @ 100
3,202,500
                 
     
Auto Manufacturers - 1.3%
         
 
5,983,000
 
Navistar International Corp.(a)
CCC+
3.000
10/15/2014
N/A
5,691,329
                 
     
Auto Parts & Equipment - 0.9%
         
 
EUR 11,396,000
 
Faurecia, Series EO (France)
B2
3.250
01/01/2018
N/A
3,013,067
 
1,250,000
 
Meritor, Inc.
B-
4.000
02/15/2027
02/15/19 @ 100
969,531
               
3,982,598
                 
     
Biotechnology - 6.8%
         
 
2,500,000
 
Cubist Pharmaceuticals, Inc.(a)
NR
2.500
11/01/2017
N/A
4,012,500
 
4,052,000
 
Gilead Sciences, Inc., Series C(a)
A-
1.000
05/01/2014
N/A
7,103,662
 
11,170,000
 
Illumina, Inc.(a) (b)
NR
0.250
03/15/2016
N/A
10,765,088
 
2,150,000
 
Medicines Co.(a) (b)
NR
1.375
06/01/2017
N/A
2,699,594
 
4,350,000
 
Vertex Pharmaceuticals, Inc.(a)
NR
3.350
10/01/2015
10/01/13 @ 101
4,942,687
               
29,523,531
                 
     
Building Materials - 0.5%
         
 
1,800,000
 
Asia Cement Corp. (Taiwan)(c)
NR
0.000
06/07/2016
N/A
1,905,750
                 
     
Coal - 5.5%
         
 
6,824,000
 
Alpha Appalachia Holdings, Inc.(a)
B+
3.250
08/01/2015
N/A
6,585,160
 
10,165,000
 
Alpha Natural Resources, Inc.(a)
B-
2.375
04/15/2015
N/A
9,555,100
 
7,923,000
 
Peabody Energy Corp.(a)
B+
4.750
12/15/2041
12/20/36 @ 100
7,591,224
               
23,731,484
                 
     
Commercial Services - 0.5%
         
 
1,950,000
 
Sotheby's(a)
BB
3.125
06/15/2013
N/A
2,166,937
                 
     
Computers - 6.8%
         
 
3,100,000
 
CACI International, Inc.(a)
NR
2.125
05/01/2014
N/A
3,425,500
 
6,529,000
 
EMC Corp., Series B(a) (e)
A
1.750
12/01/2013
N/A
10,099,580
 
7,432,000
 
NetApp, Inc.(a)
BBB+
1.750
06/01/2013
N/A
8,672,215
 
5,948,000
 
SanDisk Corp.(a)
BB
1.500
08/15/2017
N/A
7,438,717
               
29,636,012
                 
     
Diversified Financial Services - 2.6%
         
 
4,400,000
 
Hong Kong Exchanges and Clearing Ltd. (Hong Kong)
NR
0.500
10/23/2017
N/A
5,008,300
 
HKD 22,000,000
 
Tong Jie Ltd., Series 363 (British Virgin Islands)(c)
NR
0.000
02/18/2018
N/A
2,917,571
 
3,135,000
 
Walter Investment Management Corp.(a)
NR
4.500
11/01/2019
N/A
3,475,931
               
11,401,802
                 
     
Electric - 0.7%
         
 
CNY 15,400,000
 
China Power International Development Ltd. (Hong Kong)
NR
2.250
05/17/2016
N/A
3,071,927
                 
     
Electrical Components & Equipment - 0.6%
         
 
2,667,000
 
General Cable Corp.
B+
0.875
11/15/2013
N/A
2,672,001
                 
     
Electronics - 0.7%
         
 
2,500,000
 
TPK Holding Co. Ltd., Series REGS (Cayman Islands)(c)
NR
0.000
10/01/2017
N/A
3,016,250
                 
     
Gas - 0.7%
         
 
2,750,000
 
ENN Energy Holdings Ltd. (Cayman Islands)(c)
NR
0.000
02/26/2018
N/A
2,846,236
                 
     
Health Care Products - 5.9%
         
 
5,675,000
 
HeartWare International, Inc.(a)
NR
3.500
12/15/2017
N/A
6,834,828
 
2,414,000
 
Hologic, Inc., Series 2010(a) (d) (j)
B+
2.000
12/15/2037
12/15/16 @ 100
2,996,378
 
5,162,000
 
Hologic, Inc., Series 2012(a) (d) (k)
B+
2.000
03/01/2042
03/06/18 @ 100
5,581,412
 
10,160,000
 
Medtronic, Inc., Series B(a)
A+
1.625
04/15/2013
N/A
10,210,800
               
25,623,418
                 
     
Health Care Services - 3.0%
         
 
9,260,000
 
LifePoint Hospitals, Inc.(a)
B
3.500
05/15/2014
N/A
9,890,838
 
2,609,000
 
Molina Healthcare, Inc., Series MOH(a)
NR
3.750
10/01/2014
N/A
3,076,989
               
12,967,827
                 
     
Home Builders - 2.3%
         
 
2,500,000
 
Lennar Corp.(a) (b)
BB-
2.000
12/01/2020
12/01/13 @ 100
3,828,125
 
1,250,000
 
Ryland Group, Inc.(a)
BB-
1.625
05/15/2018
N/A
1,812,500
 
4,050,000
 
Toll Brothers Finance Corp.(a) (b)
BB+
0.500
09/15/2032
09/15/17 @ 100
4,366,406
               
10,007,031
                 
     
Household Products & Housewares - 1.4%
         
 
5,630,000
 
Jarden Corp.(a) (b)
B
1.875
09/15/2018
N/A
6,214,112
                 
     
Internet - 5.6%
         
 
9,975,000
 
priceline.com, Inc.(a) (b) (e)
BBB
1.000
03/15/2018
N/A
11,066,016
 
2,883,000
 
Symantec Corp., Series B(a) (e)
BBB
1.000
06/15/2013
N/A
3,353,289
 
11,300,000
 
WebMD Health Corp.(a)
NR
2.500
01/31/2018
N/A
10,035,813
               
24,455,118
                 
     
Investment Companies - 0.6%
         
 
2,400,000
 
Billion Express Investments Ltd. (British Virgin Islands)
NR
0.750
10/18/2015
N/A
2,549,400
                 
     
Iron & Steel - 0.7%
         
 
3,058,000
 
United States Steel Corp.(a)
BB
4.000
05/15/2014
N/A
3,226,190
                 
     
Lodging - 2.2%
         
 
8,768,000
 
MGM Resorts International(a)
B+
4.250
04/15/2015
N/A
9,524,240
                 
     
Mining - 7.2%
         
 
1,000,000
 
African Minerals Ltd. (Bermuda)
NR
8.500
02/10/2017
02/24/15 @ 110
1,040,500
 
12,800,000
 
Kinross Gold Corp. (Canada)
BBB-
1.750
03/15/2028
03/20/13 @ 100
12,808,000
 
6,113,000
 
Newmont Mining Corp., Series B(a)
BBB+
1.625
07/15/2017
N/A
7,492,246
 
9,143,000
 
Royal Gold, Inc.(a)
NR
2.875
06/15/2019
N/A
10,045,871
               
31,386,617
                 
     
Oil & Gas - 3.9%
         
 
8,254,000
 
Chesapeake Energy Corp.(a)
BB-
2.250
12/15/2038
12/15/18 @ 100
7,242,885
 
533,000
 
Goodrich Petroleum Corp.(e)
CCC
5.000
10/01/2029
10/01/14 @ 100
512,013
 
3,330,000
 
Premier Oil Finance Jersey Ltd., Series PMO (Jersey)
NR
2.500
07/27/2018
N/A
3,993,786
 
5,598,000
 
Stone Energy Corp.(a) (b)
B-
1.750
03/01/2017
N/A
5,178,150
               
16,926,834
                 
     
Oil & Gas Services - 3.7%
         
 
2,451,000
 
Helix Energy Solutions Group, Inc.(a)
NR
3.250
03/15/2032
03/20/18 @ 100
3,089,792
 
3,895,000
 
Hornbeck Offshore Services, Inc.(a) (b)
BB-
1.500
09/01/2019
N/A
4,062,972
 
EUR 6,616,500
 
Technip SA, Series TEC (France)
BBB+
0.500
01/01/2016
N/A
8,649,285
               
15,802,049
                 
     
Pharmaceuticals - 8.0%
         
 
5,076,000
 
Auxilium Pharmaceuticals, Inc.
NR
1.500
07/15/2018
N/A
5,352,008
 
4,525,000
 
Endo Health Solutions, Inc.(a)
NR
1.750
04/15/2015
N/A
5,585,547
 
2,348,000
 
Isis Pharmaceuticals, Inc.(a) (b)
NR
2.750
10/01/2019
N/A
2,739,822
 
3,750,000
 
Salix Pharmaceuticals Ltd.(a)
NR
2.750
05/15/2015
N/A
4,659,375
 
4,557,000
 
Salix Pharmaceuticals Ltd.(a) (b)
NR
1.500
03/15/2019
N/A
4,756,369
 
JPY 103,000,000
 
Sawai Pharmaceutical Co. Ltd. (Japan)(c)
NR
0.000
09/17/2015
N/A
1,288,064
 
5,325,000
 
Shire PLC, Series SHP (Jersey)
NR
2.750
05/09/2014
N/A
6,161,025
 
4,065,000
 
Theravance, Inc.
NR
2.125
01/15/2023
N/A
4,227,600
               
34,769,810
                 
     
Real Estate - 0.6%
         
 
2,435,000
 
Forest City Enterprises, Inc.(a)
B
4.250
08/15/2018
N/A
2,646,541
                 
     
Real Estate Investment Trusts - 5.2%
         
 
6,459,000
 
Annaly Capital Management, Inc.(a)
NR
4.000
02/15/2015
N/A
7,762,911
 
3,847,000
 
Health Care REIT, Inc.(a)
BBB-
3.000
12/01/2029
12/01/14 @ 100
4,767,875
 
1,300,000
 
Host Hotels & Resorts, LP(a) (b)
BB+
2.500
10/15/2029
10/20/15 @ 100
1,764,750
 
7,000,000
 
SL Green Operating Partnership, LP(a) (b)
BB+
3.000
10/15/2017
N/A
8,080,625
               
22,376,161
                 
     
Semiconductors - 6.6%
         
 
7,811,000
 
Intel Corp.(a)
A-
3.250
08/01/2039
N/A
9,407,373
 
1,250,000
 
Microchip Technology, Inc.(a)
NR
2.125
12/15/2037
N/A
1,626,563
 
6,053,000
 
Micron Technology, Inc., Series A(a)
NR
1.500
08/01/2031
08/05/15 @ 100
6,208,108
 
1,255,000
 
Novellus Systems, Inc.(a)
BBB-
2.625
05/15/2041
N/A
1,755,431
 
3,600,000
 
SK Hynix, Inc. (South Korea)
NR
2.650
05/14/2015
N/A
3,846,600
 
4,237,000
 
Xilinx, Inc.(a)
BBB+
2.625
06/15/2017
N/A
5,873,541
               
28,717,616
                 
     
Software - 3.7%
         
 
8,152,000
 
Electronic Arts, Inc.(a)
NR
0.750
07/15/2016
N/A
7,739,305
 
6,015,000
 
Nuance Communications, Inc.(a)
BB-
2.750
11/01/2031
11/06/17 @ 100
6,740,560
 
1,583,000
 
Take-Two Interactive Software, Inc.(a)
NR
1.750
12/01/2016
N/A
1,573,106
               
16,052,971
                 
     
Telecommunications - 3.0%
         
 
3,864,000
 
Ciena Corp.(a)
B
0.875
06/15/2017
N/A
3,467,940
 
5,618,000
 
Ciena Corp.(a) (b)
B
3.750
10/15/2018
N/A
6,341,318
 
2,797,000
 
Ciena Corp.
NR
4.000
12/15/2020
N/A
3,303,956
               
13,113,214
                 
     
Transportation - 0.6%
         
 
2,542,000
 
Ship Finance International Ltd. (Bermuda)
NR
3.250
02/01/2018
N/A
2,573,775
                 
     
Total Convertible Bonds - 93.3%
         
     
(Cost $386,152,179)
       
405,059,531
                 
     
Corporate Bonds - 46.5%
         
     
Aerospace & Defense - 0.2%
         
 
625,000
 
Kratos Defense & Security Solutions, Inc.
B
10.000
06/01/2017
06/01/14 @ 105
689,062
                 
     
Agriculture - 0.3%
         
 
1,100,000
 
North Atlantic Trading Co.(b)
B-
11.500
07/15/2016
07/15/13 @ 109
1,190,750
                 
     
Apparel - 0.0%+
         
 
100,000
 
Wolverine World Wide, Inc.(b)
B+
6.125
10/15/2020
10/15/16 @ 103
105,500
                 
     
Auto Manufacturers - 2.0%
         
 
1,300,000
 
Ford Motor Co.(a)
BB+
6.625
10/01/2028
N/A
1,508,617
 
250,000
 
Jaguar Land Rover Automotive PLC (United Kingdom)(b)
BB-
7.750
05/15/2018
05/15/14 @ 106
275,625
 
250,000
 
Jaguar Land Rover Automotive PLC (United Kingdom)(b)
BB-
8.125
05/15/2021
05/15/16 @ 104
281,875
 
6,651,000
 
Navistar International Corp.(a) (e)
CCC+
8.250
11/01/2021
11/01/14 @ 104
6,567,863
               
8,633,980
                 
     
Auto Parts & Equipment - 2.8%
         
 
1,650,000
 
Dana Holding Corp.(a)
BB
6.750
02/15/2021
02/15/16 @ 103
1,806,750
 
5,120,000
 
Goodyear Tire & Rubber Co.(a) (e)
B+
8.250
08/15/2020
08/15/15 @ 104
5,644,800
 
654,000
 
Lear Corp.(a)
BB
7.875
03/15/2018
03/15/14 @ 104
707,955
 
3,351,000
 
Meritor, Inc.(a)
B-
8.125
09/15/2015
N/A
3,531,116
 
500,000
 
Pittsburgh Glass Works, LLC(a) (b)
B+
8.500
04/15/2016
04/15/13 @ 104
490,000
               
12,180,621
                 
     
Banks - 1.9%
         
 
1,450,000
 
Ally Financial, Inc.(a)
B+
7.500
09/15/2020
N/A
1,749,062
 
975,000
 
CIT Group, Inc.(a) (b)
BB-
5.500
02/15/2019
N/A
1,048,125
 
5,516,000
 
Synovus Financial Corp.(a)
B-
5.125
06/15/2017
N/A
5,502,210
               
8,299,397
                 
     
Building Materials - 0.3%
         
 
1,325,000
 
Ainsworth Lumber Ltd. (Canada)(b)
B
7.500
12/15/2017
12/15/14 @ 104
1,419,406
                 
     
Chemicals - 0.9%
         
 
1,425,000
 
LyondellBasell Industries NV (Netherlands)(a)
BB+
6.000
11/15/2021
08/17/21 @ 100
1,681,500
 
625,000
 
Phibro Animal Health Corp.(b)
B
9.250
07/01/2018
07/01/14 @ 105
659,375
 
625,000
 
US Coatings Acquisition, Inc. / Flash Dutch 2 BV(b)
B-
7.375
05/01/2021
02/04/16 @ 106
646,094
 
1,275,000
 
Vertellus Specialties, Inc.(b)
B-
9.375
10/01/2015
10/01/13 @ 102
1,125,187
               
4,112,156
                 
     
Coal - 0.2%
         
 
751,000
 
SunCoke Energy, Inc.
B+
7.625
08/01/2019
08/01/14 @ 106
797,938
                 
     
Commercial Services - 0.7%
         
 
1,050,000
 
Neff Rental, LLC(b)
B-
9.625
05/15/2016
05/15/13 @ 107
1,097,250
 
400,000
 
Sotheby's(a) (b)
BB
5.250
10/01/2022
10/01/17 @ 103
413,000
 
1,250,000
 
UR Merger Sub Corp.(a)
BB
5.750
07/15/2018
07/15/15 @ 103
1,350,000
               
2,860,250
                 
     
Computers - 0.5%
         
 
1,875,000
 
Seagate HDD Cayman (Cayman Islands)(a)
BB+
7.000
11/01/2021
05/01/16 @ 104
2,067,188
                 
     
Cosmetics & Personal Care - 0.2%
         
 
875,000
 
Albea Beauty Holdings SA (Luxembourg)(b)
B+
8.375
11/01/2019
11/01/15 @ 106
929,687
                 
     
Diversified Financial Services - 1.8%
         
 
4,968,000
 
Air Lease Corp.(a)
NR
5.625
04/01/2017
N/A
5,266,080
 
500,000
 
Ford Motor Credit Co., LLC(a)
BB+
12.000
05/15/2015
N/A
613,750
 
1,400,000
 
International Lease Finance Corp.(a)
BBB-
8.250
12/15/2020
N/A
1,718,500
 
150,000
 
Nationstar Mortgage, LLC / Nationstar Capital Corp.(a) (b)
B2
7.875
10/01/2020
10/01/16 @ 104
164,250
               
7,762,580
                 
     
Electric - 0.1%
         
 
250,000
 
AES Corp.(a)
BB-
8.000
06/01/2020
N/A
288,750
                 
     
Electrical Components & Equipment - 0.3%
         
 
1,250,000
 
International Wire Group Holdings, Inc.(a) (b)
B
8.500
10/15/2017
10/15/15 @ 104
1,287,500
                 
     
Electronics - 0.7%
         
 
400,000
 
NXP BV / NXP Funding, LLC (Netherlands)(b)
B
5.750
02/15/2021
02/15/17 @ 103
400,000
 
2,537,000
 
Viasystems, Inc.(a) (b)
BB-
7.875
05/01/2019
05/01/15 @ 106
2,543,342
               
2,943,342
                 
     
Engineering & Construction - 0.2%
         
 
840,000
 
Empresas ICA SAB de CV (Mexico)(b)
B+
8.375
07/24/2017
01/24/15 @ 106
879,900
                 
     
Entertainment - 0.1%
         
 
644,000
 
Six Flags Entertainment Corp.(b)
BB-
5.250
01/15/2021
01/15/16 @ 104
642,390
                 
     
Food - 0.8%
         
 
589,000
 
Bumble Bee Acquisition Corp.(a) (b)
B
9.000
12/15/2017
12/15/14 @ 105
649,373
 
1,500,000
 
Land O'Lakes Capital Trust I(a) (b)
BB
7.450
03/15/2028
N/A
1,485,000
 
300,000
 
Marfrig Holding Europe BV (Netherlands)(b)
B+
9.875
07/24/2017
01/24/16 @ 105
296,250
 
950,000
 
Marfrig Holding Europe BV (Netherlands)(b)
B+
8.375
05/09/2018
N/A
869,250
               
3,299,873
                 
     
Forest Products & Paper - 1.4%
         
 
1,200,000
 
Appleton Papers, Inc.(a)
CCC+
11.250
12/15/2015
N/A
1,305,000
 
1,050,000
 
Boise Cascade, LLC / Boise Cascade Finance Corp.(b)
B+
6.375
11/01/2020
11/01/15 @ 105
1,099,875
 
1,250,000
 
Catalyst Paper Corp. (Canada)
NR
11.000
10/30/2017
12/15/13 @ 100
1,031,250
 
1,254,000
 
Resolute Forest Products(a)
BB
10.250
10/15/2018
10/15/14 @ 105
1,451,505
 
1,200,000
 
Sappi Papier Holding GmbH (Austria)(a) (b)
BB
6.625
04/15/2021
04/15/16 @ 103
1,266,000
               
6,153,630
                 
     
Hand & Machine Tools - 0.0%+
         
 
70,000
 
Mcron Finance Sub, LLC / Mcron Finance Corp.(b)
B+
8.375
05/15/2019
05/15/15 @ 106
73,850
                 
     
Health Care Products - 1.5%
         
 
250,000
 
DJO Finance, LLC / DJO Finance Corp.(b)
CCC+
9.875
04/15/2018
04/15/15 @ 105
268,125
 
5,700,000
 
Merge Healthcare, Inc.(a)
B+
11.750
05/01/2015
05/01/13 @ 106
6,127,500
               
6,395,625
                 
     
Health Care Services - 2.6%
         
 
1,125,000
 
Capella Healthcare, Inc.
B
9.250
07/01/2017
07/01/13 @ 107
1,220,625
 
2,550,000
 
HCA Holdings, Inc.
B-
6.500
02/15/2016
N/A
2,785,875
 
2,250,000
 
HCA Holdings, Inc.(a)
B-
7.750
05/15/2021
11/15/15 @ 104
2,469,375
 
2,043,000
 
Health NET, Inc.(a)
BB
6.375
06/01/2017
N/A
2,170,687
 
1,250,000
 
IASIS Healthcare, LLC / IASIS Capital Corp.
CCC+
8.375
05/15/2019
05/15/14 @ 106
1,275,000
 
1,375,000
 
Tenet Healthcare Corp.
B+
8.875
07/01/2019
07/01/14 @ 104
1,557,188
               
11,478,750
                 
     
Home Builders - 0.0%+
         
 
150,000
 
Beazer Homes USA, Inc.(b)
CCC
7.250
02/01/2023
02/01/18 @ 104
151,875
                 
     
Household Products & Housewares - 2.3%
         
 
7,225,000
 
Reynolds Group Issuer, Inc.(a)
CCC+
8.500
05/15/2018
05/15/14 @ 104
7,622,375
 
200,000
 
Reynolds Group Issuer, Inc.
CCC+
9.875
08/15/2019
08/15/15 @ 105
219,000
 
500,000
 
Reynolds Group Issuer, Inc.(a)
B+
5.750
10/15/2020
10/15/15 @ 104
512,500
 
125,000
 
Spectrum Brands Escrow Corp.(b)
B3
6.375
11/15/2020
11/15/16 @ 103
133,281
 
125,000
 
Spectrum Brands Escrow Corp.(b)
B-
6.625
11/15/2022
11/15/17 @ 103
135,313
 
700,000
 
Spectrum Brands, Inc.(a)
B
9.500
06/15/2018
06/15/14 @ 105
795,375
 
400,000
 
Yankee Candle Co., Inc., Series B
CCC+
9.750
02/15/2017
02/15/14 @ 102
416,004
               
9,833,848
                 
     
Internet - 0.1%
         
 
500,000
 
NetFlix, Inc.(b)
BB-
5.375
02/01/2021
N/A
500,000
                 
     
Iron & Steel - 1.1%
         
 
35,000
 
AK Steel Corp.
B-
8.375
04/01/2022
04/01/17 @ 104
32,200
 
2,780,000
 
Edgen Murray Corp.(b)
B+
8.750
11/01/2020
11/01/15 @ 107
2,856,450
 
650,000
 
Optima Specialty Steel, Inc.(a) (b)
B
12.500
12/15/2016
12/15/14 @ 106
702,000
 
CAD 90,000
 
Russel Metals, Inc. (Canada)(b)
Ba1
6.000
04/19/2022
04/19/17 @ 103
93,708
 
835,000
 
Steel Dynamics, Inc.(a) (b)
BB+
6.375
08/15/2022
08/15/17 @ 103
905,975
               
4,590,333
                 
     
Leisure Time - 0.2%
         
 
300,000
 
Carlson Wagonlit BV (Netherlands)(b)
B+
6.875
06/15/2019
06/15/15 @ 105
319,500
 
100,000
 
Royal Caribbean Cruises Ltd. (Liberia)(a)
BB
5.250
11/15/2022
N/A
106,500
 
625,000
 
Viking Cruises Ltd. (Bermuda)(b)
B+
8.500
10/15/2022
10/15/17 @ 104
692,187
               
1,118,187
                 
     
Lodging - 1.1%
         
 
900,000
 
Caesars Entertainment Operating Co., Inc.
B
8.500
02/15/2020
02/15/16 @ 104
907,313
 
300,000
 
MCE Finance Ltd. (Cayman Islands)(b)
BB-
5.000
02/15/2021
02/15/16 @ 104
299,674
 
1,250,000
 
MGM Resorts International(a)
B+
7.625
01/15/2017
N/A
1,376,563
 
2,149,756
 
MTR Gaming Group, Inc.
B-
11.500
08/01/2019
08/01/15 @ 106
2,289,490
               
4,873,040
                 
     
Machinery-Diversified - 0.5%
         
 
570,000
 
Case New Holland, Inc.(a)
BB+
7.875
12/01/2017
N/A
676,875
 
1,225,000
 
Cleaver-Brooks, Inc.(a) (b)
B
8.750
12/15/2019
12/15/15 @ 107
1,315,344
               
1,992,219
                 
     
Media - 3.1%
         
 
900,000
 
American Media, Inc.
B2
11.500
12/15/2017
12/15/13 @ 109
823,500
 
1,500,000
 
CCO Holdings, LLC(a)
BB-
6.500
04/30/2021
04/30/15 @ 105
1,612,500
 
4,296,000
 
Clear Channel Worldwide Holdings, Inc., Series B(a)
B
7.625
03/15/2020
03/15/15 @ 106
4,510,800
 
3,819,000
 
Media General, Inc.
B-
11.750
02/15/2017
02/15/14 @ 106
4,391,850
 
EUR 1,000,000
 
Nara Cable Funding II Ltd. (Ireland)(b)
B+
8.500
03/01/2020
03/01/16 @ 109
1,339,617
 
625,000
 
Univision Communications, Inc.(b)
B+
6.875
05/15/2019
05/15/15 @ 103
659,375
               
13,337,642
                 
     
Mining - 2.6%
         
 
1,250,000
 
American Gilsonite Co.(a) (b)
B
11.500
09/01/2017
09/01/14 @ 109
1,325,000
 
6,712,000
 
FMG Resources August 2006 Pty Ltd. (Australia)(a) (b)
B+
8.250
11/01/2019
11/01/15 @ 104
7,232,180
 
1,400,000
 
Inmet Mining Corp. (Canada)(a) (b)
B+
8.750
06/01/2020
06/01/16 @ 104
1,561,000
 
625,000
 
Kaiser Aluminum Corp.(a)
BB-
8.250
06/01/2020
06/01/16 @ 104
701,563
 
350,000
 
New Gold, Inc. (Canada)(b)
BB-
6.250
11/15/2022
11/15/17 @ 103
371,000
               
11,190,743
                 
     
Miscellaneous Manufacturing - 0.3%
         
 
150,000
 
Bombardier, Inc. (Canada)(b)
BB
6.125
01/15/2023
N/A
153,375
 
625,000
 
Dispensing Dynamics International(b)
B-
12.500
01/01/2018
01/01/16 @ 106
620,313
 
450,000
 
Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc. (Luxembourg)(b)
B+
8.750
02/01/2019
08/01/15 @ 104
446,625
               
1,220,313
                 
     
Oil & Gas - 5.9%
         
 
1,750,000
 
Alta Mesa Holdings, LP / Alta Mesa Finance Services Corp.(a)
B
9.625
10/15/2018
10/15/14 @ 105
1,846,250
 
1,100,000
 
Bill Barrett Corp.(a)
BB-
7.625
10/01/2019
10/01/15 @ 104
1,163,250
 
800,000
 
BreitBurn Energy Partners, LP / BreitBurn Finance Corp.(a) (b)
B
7.875
04/15/2022
01/15/17 @ 104
850,000
 
2,374,000
 
Calumet Specialty Products Partners, LP / Calumet Finance Corp.(a) (b)
B
9.625
08/01/2020
08/01/16 @ 105
2,664,815
 
950,000
 
Chesapeake Energy Corp.(a)
BB-
7.250
12/15/2018
N/A
1,073,500
 
400,000
 
Clayton Williams Energy, Inc.(a)
B-
7.750
04/01/2019
04/01/15 @ 104
398,000
 
1,300,000
 
Drill Rigs Holdings, Inc. (Marshall Islands)(b)
B
6.500
10/01/2017
10/01/15 @ 103
1,303,250
 
1,250,000
 
Energy XXI Gulf Coast, Inc.(a)
B+
9.250
12/15/2017
12/15/14 @ 105
1,429,688
 
175,000
 
EP Energy, LLC / EP Energy Finance, Inc.(a)
B
9.375
05/01/2020
05/01/16 @ 105
196,875
 
100,000
 
EPL Oil & Gas, Inc.(b)
B-
8.250
02/15/2018
02/15/15 @ 104
105,750
 
1,250,000
 
Halcon Resources Corp.(b)
CCC+
9.750
07/15/2020
07/15/16 @ 105
1,375,000
 
1,250,000
 
Hercules Offshore, Inc.(a) (b)
B
10.250
04/01/2019
04/01/15 @ 108
1,390,625
 
226,000
 
Offshore Group Investment Ltd. (Cayman Islands)
B-
11.500
08/01/2015
08/01/13 @ 106
245,775
 
1,000,000
 
OGX Austria GmbH (Austria)(b)
B
8.375
04/01/2022
04/01/17 @ 104
900,000
 
350,000
 
Parker Drilling Co.(a)
B+
9.125
04/01/2018
04/01/14 @ 105
379,750
 
2,466,000
 
PetroBakken Energy Ltd. (Canada)(a) (b)
CCC+
8.625
02/01/2020
02/01/16 @ 104
2,527,650
 
1,503,000
 
Plains Exploration & Production Co.(a)
B
6.125
06/15/2019
06/15/16 @ 103
1,664,572
 
633,000
 
Plains Exploration & Production Co.
B
6.750
02/01/2022
02/01/17 @ 103
716,081
 
500,000
 
Range Resources Corp.(a)
BB
8.000
05/15/2019
05/15/14 @ 104
557,500
 
180,000
 
Range Resources Corp.(a)
BB
5.000
08/15/2022
02/15/17 @ 103
189,900
 
1,250,000
 
Samson Investment Co.(a) (b)
B-
9.750
02/15/2020
02/15/16 @ 105
1,335,938
 
630,000
 
SandRidge Energy, Inc.
B
7.500
03/15/2021
03/15/16 @ 104
670,950
 
420,000
 
SandRidge Energy, Inc.
B
7.500
02/15/2023
08/15/17 @ 104
448,350
 
1,250,000
 
Tesoro Corp.(a)
BB+
5.375
10/01/2022
10/01/17 @ 103
1,306,250
 
250,000
 
Unit Corp.
BB-
6.625
05/15/2021
05/15/16 @ 103
260,625
 
500,000
 
W&T Offshore, Inc.
B
8.500
06/15/2019
06/15/15 @ 104
537,500
               
25,537,844
                 
     
Oil & Gas Services - 0.5%
         
 
500,000
 
Forbes Energy Services Ltd.
B
9.000
06/15/2019
06/15/15 @ 105
447,500
 
1,500,000
 
SESI, LLC(a)
BBB-
6.375
05/01/2019
05/01/15 @ 103
1,612,500
               
2,060,000
                 
     
Packaging & Containers - 0.0%+
         
 
125,000
 
Sealed Air Corp.(b)
BB-
8.375
09/15/2021
09/15/16 @ 104
144,063
                 
     
Pharmaceuticals - 0.5%
         
 
1,000,000
 
Elan Finance PLC / Elan Finance Corp. (Ireland)(b)
BB-
6.250
10/15/2019
10/15/15 @ 105
1,075,000
 
625,000
 
Valeant Pharmaceuticals International(b)
BB-
6.375
10/15/2020
10/15/16 @ 103
646,875
 
625,000
 
VPI Escrow Corp.(b)
BB-
6.375
10/15/2020
10/15/16 @ 103
651,563
               
2,373,438
                 
     
Pipelines - 0.5%
         
 
150,000
 
Atlas Pipeline Partners, LP / Atlas Pipeline Finance Corp.(b)
B+
5.875
08/01/2023
02/01/18 @ 103
149,812
 
500,000
 
Crosstex Energy, LP / Crosstex Energy Finance Corp.
B+
8.875
02/15/2018
02/15/14 @ 104
539,375
 
425,000
 
Eagle Rock Energy Partners, LP(a) (b)
B
8.375
06/01/2019
06/01/15 @ 104
444,125
 
750,000
 
Eagle Rock Energy Partners, LP(a)
B
8.375
06/01/2019
06/01/15 @ 104
783,750
 
400,000
 
Tesoro Logistics, LP(b)
BB-
5.875
10/01/2020
10/01/16 @ 103
420,000
               
2,337,062
                 
     
Real Estate - 0.2%
         
 
750,000
 
Kennedy-Wilson, Inc.
BB-
8.750
04/01/2019
04/01/15 @ 104
798,750
                 
     
Real Estate Investment Trusts - 0.4%
         
 
840,000
 
Host Hotels & Resorts, LP(a)
BB+
6.000
10/01/2021
07/01/21 @ 100
964,950
 
570,000
 
OMEGA Healthcare Investors, Inc.(a)
BBB-
5.875
03/15/2024
03/15/17 @ 103
607,050
               
1,572,000
                 
     
Retail - 1.4%
         
 
625,000
 
Burlington Coat Factory Warehouse Corp.
CCC
10.000
02/15/2019
02/15/15 @ 105
682,813
 
625,000
 
Dave & Buster's, Inc.
CCC+
11.000
06/01/2018
06/01/14 @ 106
709,375
 
1,000,000
 
Fiesta Restaurant Group, Inc.
B
8.875
08/15/2016
02/15/14 @ 104
1,087,500
 
1,500,000
 
HOA Restaurant Group, LLC(b)
B-
11.250
04/01/2017
04/01/14 @ 106
1,314,375
 
750,000
 
Jo-Ann Stores, Inc.(b)
CCC+
8.125
03/15/2019
03/15/14 @ 104
776,250
 
625,000
 
Rite AID Corp.(a)
CCC
9.250
03/15/2020
03/15/16 @ 105
698,437
 
100,000
 
Sally Holdings, LLC / Sally Capital, Inc.(a)
BB+
5.750
06/01/2022
06/01/17 @ 103
106,250
 
625,000
 
Toys "R" Us, Inc.
CCC+
7.375
10/15/2018
N/A
546,875
 
215,000
 
Wok Acquisition Corp.(b)
CCC+
10.250
06/30/2020
06/30/16 @ 105
231,394
               
6,153,269
                 
     
Software - 1.5%
         
 
5,760,000
 
First Data Corp.(a) (b)
B-
8.250
01/15/2021
01/15/16 @ 104
5,961,600
 
380,000
 
First Data Corp.
B-
12.625
01/15/2021
01/15/16 @ 113
406,600
               
6,368,200
                 
     
Storage & Warehousing - 1.0%
         
 
4,359,000
 
Niska Gas Storage US, LLC(a)
B+
8.875
03/15/2018
03/15/14 @ 104
4,566,052
                 
     
Telecommunications - 3.0%
         
 
1,250,000
 
Cincinnati Bell, Inc.
CCC+
8.750
03/15/2018
03/15/14 @ 104
1,326,563
 
300,000
 
Hughes Satellite Systems Corp.
B+
6.500
06/15/2019
N/A
333,000
 
625,000
 
Intelsat Luxembourg SA (Luxembourg)
CCC+
11.250
02/04/2017
02/15/14 @ 103
663,281
 
1,000,000
 
Level 3 Communications, Inc.
CCC
11.875
02/01/2019
02/01/15 @ 106
1,165,000
 
2,500,000
 
NII Capital Corp.(a)
B-
8.875
12/15/2019
12/15/14 @ 104
2,112,500
 
1,100,000
 
NII Capital Corp.(a)
B-
7.625
04/01/2021
04/01/16 @ 104
869,000
 
1,800,000
 
Sorenson Communications, Inc.(b)
NR
10.500
02/01/2015
02/01/14 @ 100
1,530,000
 
2,210,000
 
Sprint Nextel Corp.(a)
B+
11.500
11/15/2021
N/A
3,030,462
 
650,000
 
Telesat Canada / Telesat, LLC (Canada)(b)
B-
6.000
05/15/2017
05/15/14 @ 103
685,750
 
500,000
 
Windstream Corp.
B
7.750
10/01/2021
10/01/16 @ 104
548,750
 
650,000
 
Windstream Corp.
B
7.500
06/01/2022
06/01/17 @ 104
706,875
               
12,971,181
                 
     
Transportation - 0.8%
         
 
190,000
 
Gulfmark Offshore, Inc.(a) (b)
BB-
6.375
03/15/2022
03/15/17 @ 103
197,125
 
625,000
 
Navios Maritime Holdings, Inc. / Navios Maritime Finance II US, Inc. (Marshall
Islands)
B+
8.125
02/15/2019
02/15/15 @ 104
 
534,375
 
950,000
 
Navios Maritime Holdings, Inc. / Navios Maritime Finance US, Inc. (Marshall Islands)
BB-
8.875
11/01/2017
11/01/13 @ 104
942,875
 
275,000
 
Navios South American Logistics, Inc. / Navios Logistics Finance US, Inc. (Marshall
Islands)
B+
9.250
04/15/2019
04/15/14 @ 107
 
276,375
 
1,250,000
 
Ship Finance International Ltd. (Bermuda)
B+
8.500
12/15/2013
03/01/13 @ 100
1,258,906
 
400,000
 
Swift Services Holdings, Inc.
B+
10.000
11/15/2018
11/15/14 @ 105
453,500
               
3,663,156
                 
     
Total Corporate Bonds - 46.5%
         
     
(Cost $194,816,657)
       
201,845,340
                 
     
Term Loans - 0.4%(f)
         
 
1,243,687
 
Chrysler Group LLC / CG Co.-Issuer, Inc., Tranche B
Ba2
6.000
05/24/2017
N/A
1,272,756
 
625,000
 
Intrawest ULC
NR
10.750
12/04/2018
N/A
632,031
     
(Cost $1,885,138)
       
1,904,787
                 
 
 
Number
             
 
of Shares
 
Description
Rating*
Coupon
Maturity
 
Value
     
Convertible Preferred Stocks - 9.5%
         
     
Auto Manufacturers - 2.2%
         
 
222,842
 
General Motors Co., Series B(a)
BB-
4.750
12/01/2013
 
9,653,515
                 
     
Auto Parts & Equipment - 0.8%
         
 
76,400
 
Goodyear Tire & Rubber Co.
NR
5.875
04/01/2014
 
3,574,756
                 
     
Banks - 2.9%
         
 
9,228
 
Bank of America Corp., Series L(a) (g)
BB+
7.250
-
 
10,942,286
 
62,000
 
Synovus Financial Corp., Series tMED(e)
NR
8.250
05/15/2013
 
1,429,100
               
12,371,386
                 
     
Insurance - 1.0%
         
 
89,141
 
MetLife, Inc.(a)
BBB-
5.000
03/26/2014
 
4,349,189
                 
     
Iron & Steel - 2.1%
         
   338,718   ArcelorMittal, Series MTUS (Luxembourg) B+  6.000  01/15/2016    8,827,838
                 
     
Oil & Gas - 0.5%
         
 
42,150
 
Apache Corp., Series D(a)
BBB
6.000
08/01/2013
 
1,994,960
                 
     
Total Convertible Preferred Stocks - 9.5%
         
     
(Cost $36,893,956)
       
40,771,644
                 
     
Common Stocks - 3.6%
         
     
Apparel - 0.4%
         
 
47,000
 
Deckers Outdoor Corp.(e) (h)
       
1,877,650
                 
     
Biotechnology - 1.2%
         
 
43,681
 
Amgen, Inc.(h)
       
3,732,978
 
31,900
 
Illumina, Inc.(e) (h)
       
1,615,097
               
5,348,075
                 
     
Health Care Services - 0.3%
         
 
49,747
 
Brookdale Senior Living, Inc.(a) (h)
       
1,343,666
                 
     
Media - 0.3%
         
 
31,124
 
DISH Network Corp., Class A
       
1,159,992
                 
     
Pharmaceuticals - 0.8%
         
 
125,350
 
Elan Corp. PLC, ADR (Ireland)(a) (h)
       
1,317,428
 
25,401
 
Onyx Pharmaceuticals, Inc.(e) (h)
       
1,969,086
               
3,286,514
                 
     
Real Estate Investment Trusts - 0.4%
         
 
90,660
 
Spirit Realty Capital, Inc.
       
1,764,244
                 
     
Software - 0.2%
         
 
94,016
 
Activision Blizzard, Inc.(a)
       
1,070,842
                 
     
Total Common Stocks - 3.6%
         
     
(Cost $15,609,142)
       
15,850,983
                 
     
Warrants - 0.1%
         
 
421,146
 
MannKind Corp.(a) (h)
   
02/15/2019
 
286,379
     
(Cost $270,407)
         
                 
     
Total Long-Term Investments - 153.4%
         
     
(Cost $635,627,479)
       
665,718,664
                 
 
 
Contracts
 
 
Options Purchased(h)
 
Expiration
Month
Exercise
Price
 
 
Value
     
Call Options Purchased - 0.0%+
         
 
933
 
Microsoft Corp.
 
July 2013
$33.00
 
10,263
     
(Cost $28,002)
         
                 
     
Put Options Purchased - 0.1%
         
 
6,226
 
iShares Russell 2000 Index Fund
 
March 2013
$86.00
 
585,244
     
(Cost $790,937)
         
                 
     
Total Options Purchased - 0.1%
         
     
(Cost $818,939)
       
        595,507
                 
                 
 
Number
             
 
of Shares
 
Description
       
Value
     
Short-Term Investments - 7.1%
         
     
Money Market - 7.1%
         
 
30,817,181
 
Goldman Sachs Financial Prime Obligations – Administration Share Class(i)
       
30,817,181
     
(Cost $30,817,181)
         
                 
     
Total Investments - 160.6%
         
     
(Cost $667,263,599)
       
697,131,352
     
Other Assets in excess of Liabilities - 0.4%
       
1,382,098
     
Total Value of Options Written - (0.2%) (Premiums received $1,224,459)
       
(963,633)
     
Preferred Shares, at redemption value - (-0.4% of Net Assets
         
     
Applicable to Common Shareholders or -0.2% of Total Investments)
       
(1,575,000)
     
Margin Loan - (39.2%)
       
(170,000,000)
     
Reverse Repurchase Agreements - (21.2%)
       
(92,000,000
     
Net Assets Applicable to Common Shareholders - 100.0%
       
$433,974,817
                 
 
ADR - American Depositary Receipt
         
BV - Limited Liability Company
         
CAD - Canadian Dollar
         
CNY - Chinese Yuan Renminbi
         
EUR - Euro
             
GmbH - Limited Liability
         
HKD - Hong Kong Dollar
         
JPY - Japanese Yen
         
LLC - Limited Liability Company
         
LP - Limited Partnership
         
N/A- Not Applicable
         
NV - Publicly Traded Company
         
PLC - Public Limited Company
         
Pty - Proprietary
           
SA - Corporation
           
SAB de CV - Publicly Traded Company
         
SCA - Limited Partnership
         
ULC - Unlimited Liability Company
         
                 
 
All percentages shown in the Portfolio of Investments are based on Net Assets Applicable to Common Shareholders, unless otherwise noted.
~
The principal amount is denominated in U.S. Dollars 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 provision. There may be other call provisions at varying prices at later dates. All optional provisions are unaudited.
+
Less than 0.1%
         
(a)
All or a portion of these securities have been physically segregated in connection with borrowings and reverse repurchase agreements. As of January 31, 2013, the total amount segregated was $444,025,148.
(b)
Securities are exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.  At January 31, 2013 these securities amounted to $141,965,078, which represents 32.7% of net assets applicable to common shares.
(c)
Zero coupon bond.
         
(d)
Security is a "step coupon" bond where the coupon increases or decreases at a predetermined date.  The rate shown reflects the rate in effect at the end of the reporting period.
(e)
All or a portion of this security is segregated as collateral (or a potential collateral for future transactions) for written options.
(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 date disclosed in the portfolio 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, 2013.
(h)
Non-income producing security.
         
(i)
All or a portion of this security has been segregated in connection with forward exchange currency contracts and unfunded loan commitments. At January 31, 2013, the total amount segregated was $30,817,181.
(j) Security becomes an accreting bond after December 15, 2016 with a 2.00% principal accretion rate.
(k) Security becomes an accreting bond after March 1, 2018 with a 2.00% principal accretion rate.
 
 
 
 

 
 
 
 
Contracts (100 shares per contract)
 
 
Options Written(a)
Expiration
Month
Exercise
Price
Value
     
Call Options Written - (0.1%)
     
 
2,540
 
ArcelorMittal
January 2014
$20.00
$(269,240)
 
470
 
Deckers Outdoor Corp.
June 2013
45.00
(169,200)
 
319
 
Illumina, Inc.
January 2014
60.00
(78,155)
 
254
 
Onyx Pharmaceuticals, Inc.
August 2013
100.00
(52,070)
 
89
 
priceline.com, Inc.
April 2013
770.00
(96,120)
     
Total Value of Call Options Written
   
(664,785)
     
(Premiums received $820,013)
     
             
     
Put Options Written - (0.1%)
     
 
6,226
 
iShares Russell 2000 Index Fund
March 2013
83.00
(298,848)
     
(Premiums received $404,446)
     
             
     
Total Value of Options Written - (0.2%)
     
     
(Premiums received $1,224,459)
   
$(963,633)
(a)
Non-income producing security.
     
 
 
 
 
 

 
 
 Country Breakdown as % of Long-Term Investments*
 
 United States
83.6%
 
 Canada
3.1%
 
 France
1.8%
 
 Luxembourg
1.6%
 
 Jersey
1.5%
 
 Cayman Islands
1.3%
 
 Hong Kong
1.2%
 
 Australia
1.1%
 
 Bermuda
0.8%
 
 British Virgin Islands
0.8%
 
 South Korea
0.6%
 
 Ireland
0.6%
 
 Netherlands
0.5%
 
 Marshall Islands
0.5%
 
 Austria
0.3%
 
 Taiwan
0.3%
 
 Japan
0.2%
 
 Mexico
0.1%
 
 United Kingdom
0.1%
 
 Liberia
0.0%**
 
 
     
 *Subject to change daily.
       
     
 **Less than 0.1%.
       
               
               
See previously submitted notes to financial statements for the period ended October 31, 2012.
 
 
 
 
 
 
 

 
 
 
AVK | Advent/Claymore Convertible Securities & Income Fund
Portfolio of Investments
         
January 31, 2013 (unaudited)
         
                 
                 
Forward exchange currency contracts
         
               
Net Unrealized
 
Contracts to Buy
 
Counterparty
Settlement Date
Settlement Value
Value at 1/31/13
 
Appreciation/(Depreciation)
EUR
                        500,000
             
for USD
                        673,700
 
The Bank of New York Mellon
2/1/2013
             673,700
                   678,700
 
 $                            5,000
                 
EUR
                     1,366,000
             
for USD
                     1,823,188
 
The Bank of New York Mellon
3/19/2013
          1,823,188
                 1,854,681
 
                             31,493
                 
EUR
                     4,073,000
             
for USD
                     5,432,405
 
The Bank of New York Mellon
3/19/2013
          5,432,405
                 5,530,098
 
                             97,693
                 
EUR
                     3,543,000
             
for USD
                     4,734,405
 
The Bank of New York Mellon
3/19/2013
          4,734,405
                 4,810,493
 
                             76,088
                 
HKD
                   12,000,000
             
for USD
                     1,548,108
 
The Bank of New York Mellon
2/15/2013
          1,548,108
                 1,547,369
 
                                 (739)
                 
HKD
                     2,024,000
             
for USD
                        261,114
 
The Bank of New York Mellon
2/15/2013
             261,114
                   260,989
 
                                 (125)
                 
HKD
                     8,100,000
             
for USD
                     1,044,972
 
The Bank of New York Mellon
2/15/2013
          1,044,972
                 1,044,474
 
                                 (498)
                 
JPY
                  102,500,000
             
for USD
                     1,177,453
 
The Bank of New York Mellon
3/19/2013
          1,177,453
                 1,123,508
 
                            (53,945)
                 
               
 $                         154,967
                 
               
Net Unrealized
 
Contracts to Sell
 
Counterparty
Settlement Date
Settlement Value
Value at 1/31/13
 
Appreciation/
(Depreciation)
EUR
                        357,000
             
for USD
                        480,629
 
The Bank of New York Mellon
2/1/2013
             480,629
                   484,591
 
 $                           (3,962)
                 
EUR
                        151,875
             
for USD
                        204,469
 
The Bank of New York Mellon
2/1/2013
             204,469
                   206,155
 
                              (1,686)
                 
EUR
                     8,600,000
             
for USD
                   11,272,381
 
The Bank of New York Mellon
3/19/2013
        11,272,381
               11,676,612
 
                          (404,231)
                 
EUR
                     1,700,000
             
for USD
                     2,227,986
 
The Bank of New York Mellon
3/19/2013
          2,227,986
                 2,308,168
 
                            (80,182)
                 
EUR
                        670,000
             
for USD
                        875,460
 
The Bank of New York Mellon
3/19/2013
             875,460
                   909,690
 
                            (34,230)
                 
EUR
                     1,255,000
             
for USD
                     1,641,527
 
The Bank of New York Mellon
3/19/2013
          1,641,527
                 1,703,970
 
                            (62,443)
                 
EUR
                     2,046,000
             
for USD
                     2,670,132
 
The Bank of New York Mellon
3/19/2013
          2,670,132
                 2,777,947
 
                          (107,815)
                 
EUR
                     3,000,000
             
for USD
                     3,956,325
 
The Bank of New York Mellon
3/19/2013
          3,956,325
                 4,073,237
 
                          (116,912)
                 
EUR
                          25,326
             
for USD
                          34,165
 
The Bank of New York Mellon
2/4/2013
               34,165
                     34,378
 
                                 (213)
                 
EUR
                        300,000
             
for USD
                        407,490
 
The Bank of New York Mellon
3/19/2013
             407,490
                   407,324
 
                                  166
                 
JPY
                  215,000,000
             
for USD
                     2,575,238
 
The Bank of New York Mellon
3/19/2013
          2,575,238
                 2,356,626
 
                           218,612
                 
               
 $                        (592,896)
                 
          Total unrealized depreciation for forward currency contracts  
 $                        (437,929)
 
 
 
 
 
 

 
 
 
 
AVK Advent Claymore Convertible Securities and Income Fund
       
Portfolio of Investments
             
January 31, 2013 (unaudited)
             
                 
Unfunded Loan Commitments
             
                 
At January 31, 2013, the Fund had the following unfunded loan commitments which could be extended at the option of the borrower: