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
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Advent Claymore Convertible Securities and Income Fund
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(Exact name of registrant as specified in charter)
1065 Avenue of the Americas, 31st Floor, New York, NY 10018
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(Address of principal executive offices) (Zip code)
Robert White, Treasurer
Advent Claymore Convertible Securities and Income Fund
1065 Avenue of the Americas, 31st Floor
New York, NY 10018
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(Name and address of agent for service)
Registrant's telephone number, including area code: (212) 482-1600
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Date of fiscal year end: October 31
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Date of reporting period: July 31, 2009
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Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street,
NW, Washington, DC 20549-0609. The OMB has reviewed this collection of
information under the clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
Attached hereto.
ADVENT CLAYMORE CONVERTIBLE SECURITIES AND INCOME FUND
PORTFOLIO OF INVESTMENTS
JULY 31, 2009 (UNAUDITED)
NUMBER OF
SHARES VALUE
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LONG-TERM INVESTMENTS -- 147.1%
CONVERTIBLE PREFERRED STOCKS -- 41.2%
AGRICULTURE -- 2.8%
109,100 Archer-Daniels-Midland Co., 6.25%, 2011 $ 4,303,995
8,560 Bunge Ltd., 5.125%, 2010 (Bermuda) 5,564,000
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9,867,995
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BANKS -- 6.2%
72,850 Fifth Third Bancorp, Ser. G, 8.50%, 2049 7,810,248
72,176 Keycorp, Ser. A, 7.75%, 2049 5,831,821
6,000 Webster Financial Corp., Ser. A, 8.50%, 2049 4,695,000
4,842 Wells Fargo & Co., Ser. L, 7.50%, 2049 4,067,086
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22,404,155
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CHEMICALS -- 1.0%
110,100 Celanese Corp., 4.25%, 2049 3,633,300
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DIVERSIFIED FINANCIAL SERVICES -- 0.9%
6,200 SLM Corp., Ser. C, 7.25%, 2010 3,131,000
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ELECTRIC -- 4.5%
176,504 FPL Group, Inc., 8.375%, 2012 9,112,019
123,400 Great Plains Energy, Inc., 12.00%, 2012 7,210,262
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16,322,281
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HEALTHCARE SERVICES -- 0.8%
4,500 HealthSouth Corp., Ser. A, 6.50%, 2049 2,937,375
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INSURANCE -- 3.3%
70,000 Reinsurance Group of America, Equity Security Unit, 5.75%, 2051 3,968,125
344,375 XL Capital Ltd., 10.75%, 2011 (Cayman Islands) 7,975,725
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11,943,850
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LEISURE -- 0.5%
16,653 Callaway Golf Co., Ser. B, 7.50%, 2012 (a) 1,840,157
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MINING -- 5.2%
1,500 Freeport-McMoRan Copper & Gold, Inc., Ser. B, 5.50%, 2049 1,957,515
70,000 Freeport-McMoRan Copper & Gold, Inc., 6.75%, 2010 6,456,800
250,000 Vale Capital Ltd., Ser. RIO, 5.50%, 2010 (Brazil) 10,335,000
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18,749,315
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OIL & GAS -- 1.7%
48,700 Whiting Petroleum Corp., 6.25%, 2049 5,955,036
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PHARMACEUTICALS -- 5.3%
10,560 Mylan, Inc., 6.50%, 2010 9,313,920
42,100 Schering-Plough Corp., 6.00%, 2010 9,819,404
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19,133,324
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PIPELINES -- 1.6%
6,600 El Paso Corp., 4.99%, 2049 5,793,150
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REAL ESTATE INVESTMENT TRUSTS -- 1.5%
106,000 Simon Property Group, Inc., Ser. I, 6.00%, 2049 5,172,800
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SAVINGS & LOANS -- 2.0%
192,788 New York Community Capital Trust V, 6.00%, 2051 7,133,156
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TELECOMMUNICATIONS -- 2.7%
128,095 Crown Castle International Corp., 6.25%, 2012 6,660,940
4,143 Lucent Technologies Capital Trust I, 7.75%, 2017 2,941,530
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9,602,470
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TRANSPORTATION -- 1.2%
54,800 Bristow Group, Inc., 5.50%, 2009 2,481,892
2,550 Kansas City Southern, 5.125%, 2049 1,938,000
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4,419,892
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TOTAL CONVERTIBLE PREFERRED STOCKS - 41.2%
(Cost $142,049,277) 148,039,256
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PRINCIPAL
AMOUNT VALUE
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CONVERTIBLE BONDS -- 90.4%
AEROSPACE & DEFENSE -- 1.5%
$ 5,275,000 Alliant Techsystems, Inc., BB-, 2.75%, 9/15/11 5,426,656
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AGRICULTURE -- 0.7%
2,500,000 Archer-Daniels-Midland Co., A, 0.875%, 2/15/14 2,481,250
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AIRLINES -- 0.5%
2,000,000 Continental Airlines, Inc., B-, 5.00%, 6/15/23 1,925,000
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AUTO PARTS & EQUIPMENT -- 0.7%
2,100,000 BorgWarner, Inc., BBB, 3.50%, 4/15/12 2,674,875
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BANKS -- 0.7%
2,500,000 SVB Financial Group, NR, 3.875%, 4/15/11 (a) 2,443,750
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BEVERAGES -- 0.4%
1,400,000 Molson Coors Brewing Co., BBB-, 2.50%, 7/30/13 1,547,000
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BIOTECHNOLOGY -- 9.6%
8,500,000 Amgen, Inc., A+, 0.125%, 2/01/11 8,500,000
4,000,000 Amgen, Inc., A+, 0.375%, 2/01/13 4,040,000
1,000,000 Amylin Pharmaceuticals, Inc., NR, 3.00%, 6/15/14 725,000
5,000,000 Gilead Sciences, Inc., NR, 0.50%, 5/01/11 6,581,250
6,000,000 Life Technologies Corp., BB+, 3.25%, 6/15/25 6,750,000
3,500,000 Millipore Corp., BB-, 3.75%, 6/01/26 3,600,625
930,000 OSI Pharmaceuticals, Inc., NR, 3.00%, 1/15/38 847,463
2,700,000 United Therapeutics Corp., NR, 0.50%, 10/15/11 3,533,625
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34,577,963
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COAL -- 1.0%
4,500,000 Massey Energy Co., BB-, 3.25%, 8/01/15 3,420,000
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COMMERCIAL SERVICES -- 0.3%
1,050,000 Quanta Services, Inc., NR, 3.75%, 4/30/26 1,227,187
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COMPUTERS -- 4.4%
4,150,000 DST Systems, Inc., NR, 4.125%, 8/15/23 (b) 4,300,438
5,000,000 EMC Corp., A-, 1.75%, 12/01/11 5,662,500
2,000,000 EMC Corp., A-, 1.75%, 12/01/13 2,262,500
3,750,000 Maxtor Corp., B, 2.375%, 8/15/12 3,590,625
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15,816,063
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DISTRIBUTION/WHOLESALE -- 0.6%
2,250,000 WESCO International, Inc., B, 1.75%, 11/15/26 2,199,375
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DIVERSIFIED FINANCIAL SERVICES -- 2.8%
5,000,000 Affiliated Managers Group, Inc., BBB-, 3.95%, 8/15/38 (a) 4,475,000
3,800,000 AmeriCredit Corp., B-, 0.75%, 9/15/11 3,244,250
2,681,000 Nasdaq OMX Group, Inc., BB+, 2.50%, 8/15/13 2,278,850
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9,998,100
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ELECTRICAL COMPONENTS & EQUIPMENT -- 1.4%
1,250,000 SunPower Corp., Ser. SPWR, NR, 1.25%, 2/15/27 1,092,188
4,250,000 Suntech Power Holdings Co. Ltd., NR, 0.25%, 2/15/12 (Cayman Islands) 4,127,812
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5,220,000
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ENERGY - ALTERNATE SOURCES -- 1.1%
3,500,000 Covanta Holding Corp., B, 3.25%, 6/01/14 (a) 3,876,250
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ENTERTAINMENT -- 3.2%
9,386,000 International Game Technology, BBB, 3.25%, 5/01/14 (a) 11,615,175
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HEALTHCARE PRODUCTS -- 8.5%
3,300,000 Beckman Coulter, Inc., BBB, 2.50%, 12/15/36 (c) 3,547,500
10,569,000 Hologic, Inc., BB-, 2.00%, 12/15/37 (b) 8,164,553
2,500,000 Integra LifeSciences Holdings Corp., NR, 2.75%, 6/01/10 (a) 2,412,500
15,600,000 Medtronic, Inc., AA-, 1.625%, 4/15/13 15,112,500
1,250,000 NuVasive, Inc., NR, 2.25%, 3/15/13 (a) 1,353,125
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30,590,178
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HEALTHCARE SERVICES -- 2.7%
3,000,000 LifePoint Hospitals, Inc., B, 3.25%, 8/15/25 2,565,000
8,265,000 LifePoint Hospitals, Inc., B, 3.50%, 5/15/14 7,076,906
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9,641,906
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INSURANCE -- 2.1%
6,760,000 Old Republic International Corp., BBB+, 8.00%, 5/15/12 7,410,650
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INTERNET -- 1.1%
3,800,000 Symantec Corp., NR, 1.00%, 6/15/13 3,838,000
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IRON/STEEL -- 4.2%
3,600,000 ArcelorMittal, BBB, 5.00%, 5/15/14 (Luxembourg) 4,995,000
2,333,000 Steel Dynamics, Inc., BB+, 5.125%, 6/15/14 2,817,098
4,950,000 United States Steel Corp., BB, 4.00%, 5/15/14 7,183,687
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14,995,785
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LEISURE -- 2.5%
9,000,000 Carnival Corp., BBB+, 2.00%, 4/15/21 (Panama) 8,943,750
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MEDIA -- 0.4%
1,250,000 UnitedGlobalCom, Inc., B-, 1.75%, 4/15/24 1,619,070
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MINING -- 1.0%
3,250,000 Newmont Mining Corp., BBB+, 1.625%, 7/15/17 3,587,187
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MISCELLANEOUS MANUFACTURING -- 2.2%
4,250,000 Danaher Corp., A+, 0.00%, 1/22/21 (d) 3,862,188
2,700,000 Textron, Inc., Ser. TXT, BBB-, 4.50%, 5/01/13 3,375,000
1,000,000 Trinity Industries, Inc., BB-, 3.875%, 6/01/36 598,750
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7,835,938
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OIL & GAS -- 4.9%
1,000,000 Chesapeake Energy Corp., BB, 2.75%, 11/15/35 892,500
5,000,000 Petroplus Finance Ltd., Ser. PPHN, BB-, 3.375%, 3/26/13 (Switzerland) 4,470,065
3,500,000 SOCO Finance Jersey Ltd., Ser. SIA, NR, 4.50%, 5/16/13 (United Kingdom) 3,482,997
5,400,000 Transocean, Inc., Ser. B, BBB+, 1.50%, 12/15/37 (Cayman Islands) 5,103,000
4,049,000 Transocean, Inc., Ser. C, BBB+, 1.50%, 12/15/37 (Cayman Islands) 3,720,019
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17,668,581
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OIL & GAS SERVICES -- 0.6%
2,500,000 SESI LLC, BB+, 1.50%, 12/15/26 (b) 2,081,250
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PHARMACEUTICALS -- 10.7%
2,500,000 Allergan, Inc., NR, 1.50%, 4/01/26 2,662,500
6,757,000 King Pharmaceuticals, Inc., BB, 1.25%, 4/01/26 5,481,616
4,000,000 Medicis Pharmaceutical Corp., NR, 2.50%, 6/04/32 3,635,000
3,000,000 Omnicare, Inc., Ser. OCR, B+, 3.25%, 12/15/35 2,238,750
7,400,000 Shire PLC, Ser. REGs, NR, 2.75%, 5/09/14 (Channel Islands) 6,639,324
15,150,000 Teva Pharmaceutical Finance LLC, Ser. C, BBB+, 0.25%, 2/01/26 (Israel) (e) 17,820,188
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38,477,378
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REAL ESTATE INVESTMENT TRUSTS -- 8.1%
3,000,000 Boston Properties LP, A-, 2.875%, 2/15/37 2,778,750
2,170,000 Boston Properties LP, A-, 3.625%, 2/15/14 (a) 1,917,738
4,200,000 BRE Properties, Inc., BBB, 4.125%, 8/15/26 3,837,750
5,100,000 Digital Realty Trust LP, NR, 5.50%, 4/15/29 (a) 5,590,875
2,700,000 Home Properties, Inc., NR, 4.125%, 11/01/26 (a) 2,521,125
7,005,000 Host Hotels & Resorts LP, BB+, 2.625%, 4/15/27 (a) 6,103,106
4,465,000 Macerich Co., NR, 3.25%, 3/15/12 (a) 3,594,325
3,000,000 UDR, Inc., BBB, 4.00%, 12/15/35 2,853,750
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29,197,419
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SEMICONDUCTORS -- 5.2%
10,000,000 Intel Corp., A-, 2.95%, 12/15/35 8,775,000
7,840,000 Linear Technology Corp., Ser. A, NR, 3.00%, 5/01/27 7,212,800
2,000,000 Skyworks Solutions, Inc., NR, 1.25%, 3/01/10 2,547,500
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18,535,300
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TELECOMMUNICATIONS -- 7.3%
5,330,000 Alcatel-Lucent USA, Inc., Ser. A, B+, 2.875%, 6/15/23 5,110,137
5,850,000 Ciena Corp., B+, 0.25%, 5/01/13 4,124,250
8,600,000 NII Holdings, Inc., NR, 3.125%, 6/15/12 7,213,250
6,000,000 Qwest Communications International, Inc., B+, 3.50%, 11/15/25 5,992,500
4,500,000 Virgin Media, Inc., B-, 6.50%, 11/15/16 (a) 3,931,875
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26,372,012
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TOTAL CONVERTIBLE BONDS - 90.4%
(Cost $295,043,857) 325,243,048
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CORPORATE BONDS -- 15.5%
HEALTHCARE PRODUCTS -- 1.2%
4,100,000 Hanger Orthopedic Group, Inc., B-, 10.25%, 6/01/14 4,284,500
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HEALTHCARE SERVICES -- 2.7%
4,000,000 Apria Healthcare Group, Inc., BB+, 11.25%, 11/01/14 (a) 4,090,000
3,000,000 HCA, Inc., BB-, 9.25%, 11/15/16 3,135,000
2,500,000 HCA, Inc., BB-, 8.50%, 4/15/19 (a) 2,575,000
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9,800,000
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HOLDING COMPANIES - DIVERSIFIED -- 1.8%
6,800,000 Leucadia National Corp., BB+, 8.125%, 9/15/15 6,579,000
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HOUSEWARES -- 1.0%
3,094,000 Newell Rubbermaid, Inc., BBB-, 10.60%, 4/15/19 3,657,752
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INSURANCE -- 1.7%
5,500,000 MetLife, Inc., BBB, 10.75%, 8/01/39 5,898,337
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MEDIA -- 1.6%
3,000,000 Rainbow National Services LLC, BB, 8.75%, 9/01/12 (a) 3,045,000
2,500,000 Univision Communication, Inc., B-, 12.00%, 7/01/14 (a) 2,675,000
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5,720,000
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MISCELLANEOUS MANUFACTURING-- 0.4%
1,300,000 Ingersoll-Rand Global Holding Co. Ltd., BBB+, 9.50%, 4/15/14 (Bermuda) 1,510,309
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OFFICE/BUSINESS EQUIPMENT -- 0.8%
3,500,000 Xerox Capital Trust I, BB+, 8.00%, 2/01/27 2,943,045
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PHARMACEUTICALS -- 1.4%
4,760,000 Axcan Intermediate Holdings, Inc., B, 12.75%, 3/01/16 5,009,900
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TELECOMMUNICATIONS -- 2.9%
5,150,000 CC Holdings GS V LLC, BB, 7.75%, 5/01/17 (a) 5,278,750
3,173,000 Centennial Cellular Co., B, 10.125%, 6/15/13 3,260,258
1,677,000 Intelsat Jackson Holdings Ltd., CCC+, 11.25%, 6/15/16 (Bermuda) 1,794,390
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10,333,398
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TOTAL CORPORATE BONDS - 15.5%
(Cost $53,303,503) 55,736,241
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TOTAL LONG-TERM INVESTMENTS - 147.1%
(Cost $490,396,637) 529,018,545
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NUMBER OF SHARES VALUE
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MONEY MARKET FUNDS - 20.3%
21,416,481 Dreyfus Treasury & Agency Cash Management - Investor Shares 21,416,481
51,757,524 Goldman Sachs Financial Prime Obligations 51,757,524
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TOTAL SHORT-TERM INVESTMENTS
(Cost $73,174,005) 73,174,005
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TOTAL INVESTMENTS -- 167.4%
(Cost $563,570,642) 602,192,550
Total Value of Options Written
(Premiums received $8,722) - (0.0%) (26,250)
Other assets in excess of liabilities -- 5.4% 19,581,397
Preferred Stock, at redemption value -- (-72.8% of Net Assets
Applicable to Common Shareholders or -43.5% of Total Investments) (262,000,000)
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NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS -- 100.0% $ 359,747,697
===============
CONTRACTS
(100 SHARES EXPIRATION EXERCISE
per contract) OPTIONS WRITTEN (F) DATE PRICE VALUE
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CALL OPTIONS WRITTEN
75 Beckman Coulter, Inc. August 2009 $ 60.00 $ 26,250
===============
(Premiums received $8,722)
LLC - Limited Liability Corp.
LP - Limited Partnership
PLC - Public Limited Company
(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 July 31, 2009,
these securities amounted to 19.3% of net assets.
(b) Security is a "step down" bond where the coupon decreases or steps down at
a predetermined date.
(c) All or a portion of this security position represents cover (directly or
through conversion rights) for outstanding options written.
(d) Zero-coupon bond.
(e) All or a portion of these securities have been physically segregated in
connection with swap agreements.
(f) Non-income producing security.
Ratings shown are per Standard & Poor's. Securities classified as NR are not
rated by Standard & Poor's.
All percentages shown in the Portfolio of Investments are based on Net Assets
Applicable to Common Shareholders unless otherwise noted.
See previously submitted notes to financial statements for the period ended
April 30, 2009.
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COUNTRY BREAKDOWN AS % OF TOTAL INVESTMENTS*
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United States 85.6%
Cayman Islands 3.5%
Israel 3.0%
Brazil 1.7%
Panama 1.5%
Bermuda 1.5%
Channel Islands 1.1%
Luxembourg 0.8%
Switzerland 0.7%
United Kingdom 0.6%
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* Subject to change daily.
SWAP AGREEMENTS
IMPLIED
CREDIT
SPREAD AT NOTIONAL PAYING UNREALIZED
BUY/SELL TERMINATION JULY 31, AMOUNT FIXED APPRECIATION/
COUNTERPARTY REFERENCE ENTITY PROTECTION DATE 2009 (1) (000) RATE (DEPRECIATION)
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CREDIT DEFAULT SWAP AGREEMENTS:
Citigroup Global Home Depot,
Markets Inc. Buy 6/20/2014 58.00 $ 2,050 1.00% $ (93,386)
JPMorgan LVMH Moet Hennessy
Chase & Co. Louis Vuitton Buy 3/20/2014 60.47 $ 3,000 1.45% (129,474)
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$ (222,860)
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For each credit default swap noted, the Fund pays a fixed rate.
The market value of the swaps outstanding reflects the current payable for the
underlying asset.
(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 occuring 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.
In September, 2006, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial Accounting Standards No. 157, "Fair Valuation
Measurements" ("FAS 157"). The Fund adopted FAS 157 effective on November 1,
2008. This standard clarifies the definition of fair value for financial
reporting, establishes a framework for measuring fair value and requires
additional disclosures about the use of fair value measurements. FAS 157
establishes three different categories for valuations. Level 1 valuations are
those based upon quoted prices in active markets. Level 2 valuations are those
based upon quoted prices in inactive markets or based upon significant
observable inputs (e.g. yield curves; benchmark interest rates; indices). Level
3 valuations are those based upon unobservable inputs (e.g. discounted cash flow
analysis; non-market based methods used to determine fair valuation). In April
2009, the FASB issued FSP FAS 157-4, "Determining Fair Value When Volume and
Level of Activity for the Asset or Liability Have Significantly Decreased and
Identifying Transactions That Are Not Orderly" (FSP 157-4). FSP 157-4 provides
guidance on how to determine the fair value of assets and liabilities when the
volume and level of activity for the asset/liability has significantly
decreased. The Fund adopted FAS 157-4 effective on July 31, 2009. The following
table represents the Fund's investments carried on the Statement of Assets and
Liabilities by caption and by level within the fair value hierarchy as of July
31, 2009.
Level 1 Level 2 Level 3 Total
------------------ -------------- ----------------- --------------------
Description
Valuations ($000s)
Assets:
Convertible Preferred Stocks:
Agriculture $ 9,868 $ - $ - $ 9,868
Banks 22,404 - - 22,404
Chemicals 3,633 - - 3,633
Diversified Financial Services 3,131 - - 3,131
Electric 16,322 - - 16,322
Healthcare Services 2,938 - - 2,938
Insurance 11,944 - - 11,944
Leisure 1,840 - - 1,840
Mining 18,749 - - 18,749
Oil & Gas 5,955 - - 5,955
Pharmaceuticals 19,134 - - 19,134
Pipelines 5,793 - - 5,793
Real Estate Investment Trusts 5,173 - - 5,173
Savings & Loans 7,133 - - 7,133
Telecommunications 9,603 - - 9,603
Transportation 4,420 - - 4,420
Convertible Bonds:
Aerospace/Defense - 5,427 - 5,427
Agriculture - 2,481 - 2,481
Airlines - 1,925 - 1,925
Auto Parts & Equipment - 2,675 - 2,675
Banks - 2,444 - 2,444
Beverages - 1,547 - 1,547
Biotechnology - 34,578 - 34,578
Coal - 3,420 - 3,420
Commercial Services - 1,227 - 1,227
Computers - 15,816 - 15,816
Distribution/Wholesale - 2,199 - 2,199
Diversified Financial Services - 9,998 - 9,998
Electrical Components & Equipment - 5,220 - 5,220
Energy-Alternate Sources - 3,876 - 3,876
Entertainment - 11,615 - 11,615
Healthcare Products - 30,590 - 30,590
Healthcare Services - 9,642 - 9,642
Insurance - 7,411 - 7,411
Internet - 3,838 - 3,838
Iron/Steel - 14,996 - 14,996
Leisure - 8,944 - 8,944
Media - 1,619 - 1,619
Mining - 3,587 - 3,587
Miscellaneous Manufacturing - 7,836 - 7,836
Oil & Gas - 17,669 - 17,669
Oil & Gas Services - 2,081 - 2,081
Pharmaceuticals - 38,477 - 38,477
Real Estate Investment Trusts - 29,198 - 29,198
Semiconductors - 18,535 - 18,535
Telecommunications - 26,372 - 26,372
Corporate Bonds:
Healthcare Products - 4,285 - 4,285
Healthcare Services - 9,800 - 9,800
Holding Companies - Diversified - 6,579 - 6,579
Housewares - 3,658 - 3,658
Insurance - 5,898 - 5,898
Media - 5,720 - 5,720
Miscellaneous Manufacturing - 1,510 - 1,510
Office/Business Equipment - 2,943 - 2,943
Pharmaceuticals - 5,010 - 5,010
Telecommunications - 10,333 - 10,333
Money Market Fund 73,174 - - 73,174
------------------ -------------- ----------------- --------------------
Total $ 221,214 $ 380,979 $ - $ 602,193
================== ============== ================= ====================
Liabilities:
Derivatives $ 26 $ 223 $ - $ 249
------------------ -------------- ----------------- --------------------
Total $ 26 $ 223 $ - $ 249
================== ============== ================= ====================
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 has materially affected or is reasonably likely to
materially affect the registrant's internal control over financial
reporting.
ITEM 3. EXHIBITS.
A separate certification for each principal executive officer and principal
financial officer of the registrant as required by Rule 30a-2(a) under the
Investment Company Act (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 Convertible Securities and Income Fund
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By: /s/ Tracy V. Maitland
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Tracy V. Maitland
President and Chief Executive Officer
Date: September 25, 2009
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/Tracy V. Maitland
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Tracy V. Maitland
President and Chief Executive Officer
Date: September 25, 2009
By: /s/Robert White
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Robert White
Treasurer and Chief Financial Officer
Date: September 25, 2009