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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Allianzgi Global Equity & Convertible Income Fund | NYSE:NGZ | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.59 | 0.00 | 01:00:00 |
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OMB APPROVAL |
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OMB Number: |
3235-0578 |
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Expires: |
April 30, 2013 |
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UNITED STATES |
Estimated average burden hours per response. . . . . . . . . . . . . . 5.6 |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number |
811-22067 |
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AGIC Global Equity & Convertible Income Fund |
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(Exact name of registrant as specified in charter) |
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1633 Broadway, New York, New York |
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10019 |
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(Address of principal executive offices) |
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(Zip code) |
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Lawrence G. Altadonna 1633 Broadway, New York, New York 10019 |
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(Name and address of agent for service) |
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Registrants telephone number, including area code: |
212-739-3371 |
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Date of fiscal year end: |
August 31, 2012 |
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Date of reporting period: |
November 30, 2011 |
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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 (§§ 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, 100 F Street, NE, Washington, DC 20549-2001. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Schedule of Investments
AGIC Global Equity & Convertible Income Fund Schedule of Investments
November 30, 2011 (unaudited)
Shares |
|
|
|
Value* |
|
|
COMMON STOCK80.5% |
|
|
|
|||
|
|
Australia 2.2% |
|
|
|
|
|
|
Airlines 0.2% |
|
|
|
|
152,554 |
|
Qantas Airways Ltd. (a) |
|
$ |
244,772 |
|
|
|
|
|
|
|
|
|
|
Biotechnology 0.5% |
|
|
|
|
17,462 |
|
CSL Ltd. (b) |
|
569,378 |
|
|
|
|
|
|
|
|
|
|
|
Construction & Engineering 0.3% |
|
|
|
|
14,173 |
|
Leighton Holdings Ltd. |
|
304,985 |
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services 0.6% |
|
|
|
|
139,994 |
|
Challenger Ltd. |
|
625,031 |
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 0.6% |
|
|
|
|
13,924 |
|
BHP Billiton Ltd. |
|
521,686 |
|
|
58,602 |
|
OneSteel Ltd. |
|
52,545 |
|
|
|
|
|
|
574,231 |
|
|
|
|
Austria 0.1% |
|
|
|
|
|
|
Building Products 0.0% |
|
|
|
|
3,027 |
|
Wienerberger AG |
|
32,129 |
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 0.1% |
|
|
|
|
2,316 |
|
Voestalpine AG |
|
67,350 |
|
|
|
|
|
|
|
|
|
|
|
Belgium 0.2% |
|
|
|
|
|
|
Chemicals 0.2% |
|
|
|
|
5,374 |
|
Tessenderlo Chemie NV |
|
149,275 |
|
|
|
|
|
|
|
|
|
|
|
Brazil 0.7% |
|
|
|
|
|
|
Metals & Mining 0.7% |
|
|
|
|
32,439 |
|
Vale S.A., Class B, ADR |
|
754,207 |
|
|
|
|
|
|
|
|
|
|
|
Canada 0.2% |
|
|
|
|
|
|
Communications Equipment 0.2% |
|
|
|
|
9,100 |
|
Research In Motion Ltd. (a) |
|
162,526 |
|
|
|
|
|
|
|
|
|
|
|
China 0.2% |
|
|
|
|
|
|
Electronic Equipment, Instruments 0.1% |
|
|
|
|
30,500 |
|
Kingboard Chemical Holdings Ltd. |
|
83,200 |
|
|
|
|
|
|
|
|
|
|
|
Independent Power Producers 0.1% |
|
|
|
|
38,000 |
|
China Resources Power Holdings Co., Ltd. |
|
77,081 |
|
|
|
|
|
|
|
|
|
|
|
Denmark 0.1% |
|
|
|
|
|
|
Construction & Engineering 0.1% |
|
|
|
|
2,000 |
|
FLSmidth & Co. AS |
|
128,665 |
|
|
|
|
|
|
|
|
|
|
|
Finland 0.2% |
|
|
|
|
|
|
Communications Equipment 0.0% |
|
|
|
|
7,353 |
|
Nokia Oyj |
|
42,498 |
|
|
|
|
|
|
|
|
|
|
|
Food & Staples Retailing 0.2% |
|
|
|
|
4,984 |
|
Kesko Oyj, Class B |
|
175,375 |
|
|
|
|
|
|
|
|
|
|
|
France 2.1% |
|
|
|
|
|
|
Airlines 0.0% |
|
|
|
|
4,355 |
|
Air France - KLM (a) |
|
25,378 |
|
|
|
|
|
|
|
|
|
|
|
Automobiles 0.2% |
|
|
|
|
9,874 |
|
Peugeot S.A. |
|
184,874 |
|
|
1,838 |
|
Renault S.A. |
|
68,871 |
|
|
|
|
|
|
253,745 |
|
|
|
|
Commercial Banks 0.3% |
|
|
|
|
4,922 |
|
BNP Paribas |
|
195,935 |
|
|
12,598 |
|
Credit Agricole S.A. |
|
80,982 |
|
|
|
|
|
|
276,917 |
|
|
|
|
Diversified Telecommunication 0.8% |
|
|
|
|
47,233 |
|
France Telecom S.A. (b) |
|
815,267 |
|
|
|
|
|
|
|
|
|
|
|
Electrical Equipment 0.2% |
|
|
|
|
4,912 |
|
Alstom S.A. |
|
170,089 |
|
|
|
|
|
|
|
|
|
|
|
Household Durables 0.2% |
|
|
|
|
2,043 |
|
SEB S.A. |
|
164,628 |
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 0.0% |
|
|
|
|
3,088 |
|
ArcelorMittal |
|
58,154 |
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 0.4% |
|
|
|
|
8,490 |
|
Total S.A. |
|
438,021 |
|
|
|
|
|
|
|
|
|
|
|
Germany 2.1% |
|
|
|
|
|
|
Airlines 0.3% |
|
|
|
|
23,665 |
|
Deutsche Lufthansa AG |
|
306,820 |
|
|
AGIC Global Equity & Convertible Income Fund Schedule of Investments
November 30, 2011 (unaudited)
Shares |
|
|
|
Value* |
|
|
|
|
Automobiles 1.0% |
|
|
|
|
17,212 |
|
Daimler AG (b) |
|
$ |
783,030 |
|
3,950 |
|
Porsche Automobile Holding SE |
|
242,051 |
|
|
|
|
|
|
1,025,081 |
|
|
|
|
Chemicals 0.4% |
|
|
|
|
7,688 |
|
K+S AG |
|
418,636 |
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates 0.1% |
|
|
|
|
1,496 |
|
Siemens AG |
|
151,394 |
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 0.1% |
|
|
|
|
1,548 |
|
Salzgitter AG |
|
80,369 |
|
|
|
|
|
|
|
|
|
|
|
Multi-Utilities 0.0% |
|
|
|
|
568 |
|
RWE AG |
|
23,546 |
|
|
|
|
|
|
|
|
|
|
|
Semiconductors & Semiconductor Equipment 0.2% |
|
|
|
|
2,911 |
|
Aixtron AG |
|
38,102 |
|
|
15,947 |
|
Infineon Technologies AG |
|
132,569 |
|
|
|
|
|
|
170,671 |
|
|
|
|
Greece 0.0% |
|
|
|
|
|
|
Commercial Banks 0.0% |
|
|
|
|
4,039 |
|
National Bank of Greece S.A. (a) |
|
10,758 |
|
|
|
|
|
|
|
|
|
|
|
Hong Kong 1.9% |
|
|
|
|
|
|
Airlines 0.4% |
|
|
|
|
197,000 |
|
Cathay Pacific Airways Ltd. |
|
354,872 |
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services 0.1% |
|
|
|
|
8,000 |
|
Hong Kong Exchanges & Clearing Ltd. |
|
132,195 |
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities 0.3% |
|
|
|
|
59,000 |
|
Cheung Kong Infrastructure Holdings Ltd. |
|
332,379 |
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates 0.2% |
|
|
|
|
3,600 |
|
Jardine Matheson Holdings Ltd. |
|
182,078 |
|
|
|
|
|
|
|
|
|
|
|
Marine 0.1% |
|
|
|
|
10,500 |
|
Orient Overseas International Ltd. |
|
48,655 |
|
|
|
|
|
|
|
|
|
|
|
Paper & Forest Products 0.0% |
|
|
|
|
112,000 |
|
Lee & Man Paper Manufacturing Ltd. |
|
40,602 |
|
|
|
|
|
|
|
|
|
|
|
Real Estate Management & Development 0.6% |
|
|
|
|
41,000 |
|
Hang Lung Group Ltd. |
|
219,883 |
|
|
118,000 |
|
New World Development Co., Ltd. |
|
101,220 |
|
|
28,000 |
|
Swire Pacific Ltd., Class A |
|
341,811 |
|
|
|
|
|
|
662,914 |
|
|
|
|
Semiconductors & Semiconductor Equipment 0.2% |
|
|
|
|
16,500 |
|
ASM Pacific Technology Ltd. |
|
183,514 |
|
|
|
|
|
|
|
|
|
|
|
Specialty Retail 0.0% |
|
|
|
|
19,981 |
|
Esprit Holdings Ltd. |
|
28,838 |
|
|
|
|
|
|
|
|
|
|
|
Ireland 0.0% |
|
|
|
|
|
|
Banks 0.0% |
|
|
|
|
20,740 |
|
Anglo Irish Bank Corp. PLC (a)(c) |
|
279 |
|
|
|
|
|
|
|
|
|
|
|
Insurance 0.0% |
|
|
|
|
9,738 |
|
Irish Life & Permanent Group Holdings PLC (a) |
|
421 |
|
|
|
|
|
|
|
|
|
|
|
Israel 0.1% |
|
|
|
|
|
|
Pharmaceuticals 0.1% |
|
|
|
|
3,501 |
|
Teva Pharmaceutical Industries Ltd., ADR |
|
138,675 |
|
|
|
|
|
|
|
|
|
|
|
Italy 0.6% |
|
|
|
|
|
|
Electric Utilities 0.2% |
|
|
|
|
54,358 |
|
Enel SpA |
|
231,614 |
|
|
|
|
|
|
|
|
|
|
|
Household Durables 0.1% |
|
|
|
|
14,735 |
|
Indesit Co. SpA |
|
78,566 |
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 0.3% |
|
|
|
|
13,395 |
|
ENI SpA |
|
283,683 |
|
|
|
|
|
|
|
|
|
|
|
Japan 5.1% |
|
|
|
|
|
|
Auto Components 0.1% |
|
|
|
|
5,800 |
|
Tokai Rika Co., Ltd. |
|
89,990 |
|
|
|
|
|
|
|
|
|
|
|
Commercial Banks 0.3% |
|
|
|
|
169,000 |
|
Hokuhoku Financial Group, Inc. |
|
330,035 |
|
|
|
|
|
|
|
|
|
|
|
Computers & Peripherals 0.1% |
|
|
|
|
13,000 |
|
Toshiba Corp. |
|
60,086 |
|
|
|
|
|
|
|
|
|
|
|
Consumer Finance 0.2% |
|
|
|
|
490 |
|
ORIX Corp. |
|
41,344 |
|
|
13,600 |
|
Promise Co., Ltd. (a) |
|
141,854 |
|
|
|
|
|
|
183,198 |
|
|
|
|
Diversified Telecommunication 0.1% |
|
|
|
|
2,100 |
|
Nippon Telegraph & Telephone Corp. |
|
103,569 |
|
|
AGIC Global Equity & Convertible Income Fund Schedule of Investments
November 30, 2011 (unaudited)
Shares |
|
|
|
Value* |
|
|
|
|
Electronic Equipment, Instruments 0.3% |
|
|
|
|
3,500 |
|
FUJIFILM Holdings Corp. |
|
$ |
84,947 |
|
5,500 |
|
Mitsumi Electric Co., Ltd. |
|
40,021 |
|
|
23,000 |
|
Nippon Chemi-Con Corp. |
|
85,218 |
|
|
14,000 |
|
Star Micronics Co., Ltd. |
|
131,260 |
|
|
|
|
|
|
341,446 |
|
|
|
|
Health Care Equipment & Supplies 0.1% |
|
|
|
|
7,000 |
|
Olympus Corp. |
|
94,562 |
|
|
|
|
|
|
|
|
|
|
|
Household Durables 0.2% |
|
|
|
|
13,300 |
|
Sony Corp. |
|
245,079 |
|
|
|
|
|
|
|
|
|
|
|
Leisure Equipment & Products 0.5% |
|
|
|
|
5,000 |
|
Nikon Corp. |
|
117,072 |
|
|
7,900 |
|
Sankyo Co., Ltd. |
|
394,889 |
|
|
|
|
|
|
511,961 |
|
|
|
|
Machinery 0.2% |
|
|
|
|
5,000 |
|
Glory Ltd. |
|
105,949 |
|
|
4,700 |
|
Shima Seiki Manufacturing Ltd. |
|
81,543 |
|
|
|
|
|
|
187,492 |
|
|
|
|
Marine 0.3% |
|
|
|
|
71,000 |
|
Mitsui OSK Lines Ltd. |
|
225,699 |
|
|
32,000 |
|
Nippon Yusen KK |
|
71,285 |
|
|
|
|
|
|
296,984 |
|
|
|
|
Metals & Mining 0.3% |
|
|
|
|
4,300 |
|
JFE Holdings, Inc. |
|
79,150 |
|
|
43,000 |
|
Nippon Steel Corp. |
|
104,385 |
|
|
56,000 |
|
Sumitomo Metal Industries Ltd. |
|
98,754 |
|
|
|
|
|
|
282,289 |
|
|
|
|
Pharmaceuticals 0.1% |
|
|
|
|
6,000 |
|
Chugai Pharmaceutical Co., Ltd. |
|
91,663 |
|
|
3,300 |
|
Daiichi Sankyo Co., Ltd. |
|
59,504 |
|
|
|
|
|
|
151,167 |
|
|
|
|
Road & Rail 0.1% |
|
|
|
|
1,700 |
|
East Japan Railway Co. |
|
104,126 |
|
|
|
|
|
|
|
|
|
|
|
Software 0.0% |
|
|
|
|
300 |
|
Nintendo Co., Ltd. |
|
45,671 |
|
|
|
|
|
|
|
|
|
|
|
Specialty Retail 0.0% |
|
|
|
|
3,000 |
|
Aoyama Trading Co., Ltd. |
|
48,872 |
|
|
|
|
|
|
|
|
|
|
|
Tobacco 0.1% |
|
|
|
|
16 |
|
Japan Tobacco, Inc. |
|
76,780 |
|
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distribution 1.8% |
|
|
|
|
54,000 |
|
ITOCHU Corp. |
|
548,769 |
|
|
70,000 |
|
Marubeni Corp. |
|
432,441 |
|
|
26,000 |
|
Mitsui & Co., Ltd. |
|
410,225 |
|
|
36,900 |
|
Sumitomo Corp. |
|
492,543 |
|
|
|
|
|
|
1,883,978 |
|
|
|
|
Wireless Telecommunication Services 0.3% |
|
|
|
|
50 |
|
KDDI Corp. |
|
331,290 |
|
|
|
|
|
|
|
|
|
|
|
Luxembourg 0.0% |
|
|
|
|
|
|
Metals & Mining 0.0% |
|
|
|
|
154 |
|
APERAM |
|
2,484 |
|
|
|
|
|
|
|
|
|
|
|
Netherlands 0.1% |
|
|
|
|
|
|
Diversified Financial Services 0.1% |
|
|
|
|
14,541 |
|
ING Groep NV (a) |
|
113,408 |
|
|
|
|
|
|
|
|
|
|
|
New Zealand 0.1% |
|
|
|
|
|
|
Construction Materials 0.1% |
|
|
|
|
27,259 |
|
Fletcher Building Ltd. |
|
129,006 |
|
|
|
|
|
|
|
|
|
|
|
Norway 0.5% |
|
|
|
|
|
|
Chemicals 0.4% |
|
|
|
|
10,500 |
|
Yara International ASA |
|
427,417 |
|
|
|
|
|
|
|
|
|
|
|
Energy Equipment & Services 0.1% |
|
|
|
|
3,400 |
|
TGS Nopec Geophysical Co. ASA |
|
75,652 |
|
|
|
|
|
|
|
|
|
|
|
Singapore 1.1% |
|
|
|
|
|
|
Airlines 0.3% |
|
|
|
|
40,000 |
|
Singapore Airlines Ltd. |
|
327,739 |
|
|
|
|
|
|
|
|
|
|
|
Commercial Banks 0.2% |
|
|
|
|
36,000 |
|
Oversea-Chinese Banking Corp. |
|
229,325 |
|
|
|
|
|
|
|
|
|
|
|
Distributors 0.3% |
|
|
|
|
9,000 |
|
Jardine Cycle & Carriage Ltd. |
|
329,591 |
|
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments 0.1% |
|
|
|
|
26,000 |
|
Venture Corp. Ltd. |
|
134,510 |
|
|
AGIC Global Equity & Convertible Income Fund Schedule of Investments
November 30, 2011 (unaudited)
Shares |
|
|
|
Value* |
|
|
|
|
Real Estate Management & Development 0.1% |
|
|
|
|
71,000 |
|
Wing Tai Holdings Ltd. |
|
$ |
60,301 |
|
|
|
|
|
|
|
|
|
|
Transportation Infrastructure 0.1% |
|
|
|
|
29,200 |
|
SATS Ltd. |
|
50,338 |
|
|
|
|
|
|
|
|
|
|
|
Spain 1.1% |
|
|
|
|
|
|
Construction & Engineering 0.3% |
|
|
|
|
9,221 |
|
ACS Actividades de Construccion y Servicios S.A. |
|
299,060 |
|
|
2,822 |
|
Sacyr Vallehermoso S.A. |
|
17,016 |
|
|
|
|
|
|
316,076 |
|
|
|
|
Diversified Telecommunication 0.8% |
|
|
|
|
45,274 |
|
Telefonica S.A. |
|
850,171 |
|
|
|
|
|
|
|
|
|
|
|
Sweden 1.2% |
|
|
|
|
|
|
Commercial Banks 0.2% |
|
|
|
|
19,000 |
|
Nordea Bank AB |
|
151,275 |
|
|
4,200 |
|
Swedbank AB, Class A |
|
56,187 |
|
|
|
|
|
|
207,462 |
|
|
|
|
Household Durables 0.1% |
|
|
|
|
5,400 |
|
Electrolux AB |
|
94,033 |
|
|
|
|
|
|
|
|
|
|
|
Machinery 0.5% |
|
|
|
|
20,200 |
|
Sandvik AB |
|
258,921 |
|
|
16,000 |
|
Trelleborg AB, Class B |
|
134,984 |
|
|
14,200 |
|
Volvo AB, Class B |
|
163,284 |
|
|
|
|
|
|
557,189 |
|
|
|
|
Specialty Retail 0.4% |
|
|
|
|
13,200 |
|
Hennes & Mauritz AB, Class B |
|
419,365 |
|
|
|
|
|
|
|
|
|
|
|
Switzerland 1.5% |
|
|
|
|
|
|
Biotechnology 0.2% |
|
|
|
|
5,878 |
|
Actelion Ltd. (a) |
|
205,541 |
|
|
|
|
|
|
|
|
|
|
|
Capital Markets 0.1% |
|
|
|
|
2,773 |
|
Credit Suisse Group AG (a) |
|
66,928 |
|
|
|
|
|
|
|
|
|
|
|
Energy Equipment & Services 0.3% |
|
|
|
|
20,647 |
|
Weatherford International Ltd. (a) |
|
313,009 |
|
|
|
|
|
|
|
|
|
|
|
Insurance 0.7% |
|
|
|
|
3,450 |
|
Zurich Financial Services AG (a)(b) |
|
759,822 |
|
|
|
|
|
|
|
|
|
|
|
Textiles, Apparel & Luxury Goods 0.2% |
|
|
|
|
656 |
|
Swatch Group AG |
|
255,860 |
|
|
|
|
|
|
|
|
|
|
|
United Kingdom 8.6% |
|
|
|
|
|
|
Aerospace & Defense 0.0% |
|
|
|
|
11,929 |
|
BAE Systems PLC |
|
51,501 |
|
|
|
|
|
|
|
|
|
|
|
Capital Markets 0.1% |
|
|
|
|
17,856 |
|
3i Group PLC |
|
53,492 |
|
|
|
|
|
|
|
|
|
|
|
Commercial Banks 0.4% |
|
|
|
|
50,729 |
|
Barclays PLC |
|
146,136 |
|
|
18,343 |
|
Lloyds TSB Group PLC (a) |
|
7,178 |
|
|
51,937 |
|
Royal Bank of Scotland Group PLC (a) |
|
17,288 |
|
|
9,470 |
|
Standard Chartered PLC |
|
206,170 |
|
|
|
|
|
|
376,772 |
|
|
|
|
Commercial Services & Supplies 0.4% |
|
|
|
|
13,154 |
|
Aggreko PLC |
|
392,130 |
|
|
|
|
|
|
|
|
|
|
|
Food & Staples Retailing 0.4% |
|
|
|
|
92,742 |
|
WM Morrison Supermarkets PLC (b) |
|
470,187 |
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates 0.1% |
|
|
|
|
4,961 |
|
Cookson Group PLC |
|
38,875 |
|
|
4,730 |
|
Smiths Group PLC |
|
70,674 |
|
|
|
|
|
|
109,549 |
|
|
|
|
Insurance 0.6% |
|
|
|
|
253,484 |
|
Old Mutual PLC |
|
452,966 |
|
|
45,432 |
|
Standard Life PLC |
|
144,699 |
|
|
|
|
|
|
597,665 |
|
|
|
|
Machinery 0.3% |
|
|
|
|
17,900 |
|
Charter International PLC |
|
262,741 |
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 1.6% |
|
|
|
|
6,416 |
|
Anglo American PLC |
|
244,943 |
|
|
36,554 |
|
BHP Billiton PLC (b) |
|
1,124,120 |
|
|
5,372 |
|
Rio Tinto PLC |
|
282,813 |
|
|
4,527 |
|
Xstrata PLC |
|
72,675 |
|
|
|
|
|
|
1,724,551 |
|
|
|
|
Multiline Retail 1.0% |
|
|
|
|
26,858 |
|
Marks & Spencer Group PLC |
|
139,747 |
|
|
21,928 |
|
Next PLC |
|
926,836 |
|
|
|
|
|
|
1,066,583 |
|
|
AGIC Global Equity & Convertible Income Fund Schedule of Investments
November 30, 2011 (unaudited)
Shares |
|
|
|
Value* |
|
|
|
|
Oil, Gas & Consumable Fuels 2.5% |
|
|
|
|
16,993 |
|
BG Group PLC |
|
$ |
364,480 |
|
|
|
Royal Dutch Shell PLC, |
|
|
|
|
16,201 |
|
Class A |
|
566,623 |
|
|
45,399 |
|
Class B (b) |
|
1,635,933 |
|
|
|
|
|
|
2,567,036 |
|
|
|
|
Professional Services 0.1% |
|
|
|
|
14,108 |
|
Michael Page International PLC |
|
85,354 |
|
|
|
|
|
|
|
|
|
|
|
Specialty Retail 0.1% |
|
|
|
|
16,621 |
|
Game Group PLC |
|
1,940 |
|
|
72,326 |
|
Howden Joinery Group PLC (a) |
|
127,820 |
|
|
|
|
|
|
129,760 |
|
|
|
|
Tobacco 0.6% |
|
|
|
|
14,650 |
|
British American Tobacco PLC (b) |
|
679,863 |
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 0.4% |
|
|
|
|
165,068 |
|
Vodafone Group PLC |
|
446,857 |
|
|
|
|
|
|
|
|
|
|
|
United States 50.5% |
|
|
|
|
|
|
Aerospace & Defense 0.7% |
|
|
|
|
10,300 |
|
L-3 Communications Holdings, Inc. |
|
682,890 |
|
|
|
|
|
|
|
|
|
|
|
Auto Components 0.9% |
|
|
|
|
31,200 |
|
Johnson Controls, Inc. |
|
982,176 |
|
|
|
|
|
|
|
|
|
|
|
Automobiles 1.0% |
|
|
|
|
82,000 |
|
Ford Motor Co. (a) |
|
869,200 |
|
|
6,114 |
|
General Motors Co. (a) |
|
130,167 |
|
|
|
|
|
|
999,367 |
|
|
|
|
Beverages 2.0% |
|
|
|
|
14,100 |
|
Coca-Cola Co. |
|
947,943 |
|
|
15,600 |
|
Molson Coors Brewing Co., Class B |
|
633,204 |
|
|
7,600 |
|
PepsiCo, Inc. |
|
486,400 |
|
|
|
|
|
|
2,067,547 |
|
|
|
|
Biotechnology 0.9% |
|
|
|
|
22,800 |
|
Gilead Sciences, Inc. (a) |
|
908,580 |
|
|
|
|
|
|
|
|
|
|
|
Communications Equipment 3.0% |
|
|
|
|
5,266 |
|
Aviat Networks, Inc. (a) |
|
9,268 |
|
|
70,748 |
|
Cisco Systems, Inc. |
|
1,318,743 |
|
|
5,984 |
|
EchoStar Corp., Class A (a) |
|
131,528 |
|
|
21,200 |
|
Harris Corp. |
|
754,720 |
|
|
17,000 |
|
Qualcomm, Inc. |
|
931,600 |
|
|
|
|
|
|
3,145,859 |
|
|
|
|
Computers & Peripherals 2.2% |
|
|
|
|
3,000 |
|
Apple, Inc. (a) |
|
1,146,600 |
|
|
51,700 |
|
EMC Corp. (a)(b) |
|
1,189,617 |
|
|
|
|
|
|
2,336,217 |
|
|
|
|
Diversified Financial Services 0.7% |
|
|
|
|
24,837 |
|
JP Morgan Chase & Co. |
|
769,202 |
|
|
|
|
|
|
|
|
|
|
|
Diversified Telecommunication Services 1.1% |
|
|
|
|
6,769 |
|
Frontier Communications Corp. |
|
38,719 |
|
|
28,200 |
|
Verizon Communications, Inc. |
|
1,063,986 |
|
|
|
|
|
|
1,102,705 |
|
|
|
|
Electric Utilities 0.9% |
|
|
|
|
13,855 |
|
Entergy Corp. |
|
974,838 |
|
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments & Components 0.6% |
|
|
|
|
14,000 |
|
Amphenol Corp., Class A |
|
634,620 |
|
|
|
|
|
|
|
|
|
|
|
Energy Equipment & Services 3.1% |
|
|
|
|
9,700 |
|
Diamond Offshore Drilling, Inc. |
|
583,455 |
|
|
15,500 |
|
National Oilwell Varco, Inc. |
|
1,111,350 |
|
|
20,100 |
|
Schlumberger Ltd. |
|
1,514,133 |
|
|
|
|
|
|
3,208,938 |
|
|
|
|
Food Products 1.0% |
|
|
|
|
34,884 |
|
Archer-Daniels-Midland Co. |
|
1,050,706 |
|
|
|
|
|
|
|
|
|
|
|
Health Care Equipment & Supplies 2.0% |
|
|
|
|
15,600 |
|
Baxter International, Inc. |
|
805,896 |
|
|
2,900 |
|
Intuitive Surgical, Inc. (a)(b) |
|
1,259,209 |
|
|
|
|
|
|
2,065,105 |
|
|
|
|
Health Care Providers & Services 2.1% |
|
|
|
|
23,000 |
|
CIGNA Corp. |
|
1,017,290 |
|
|
15,000 |
|
McKesson Corp. |
|
1,219,650 |
|
|
|
|
|
|
2,236,940 |
|
|
|
|
Hotels, Restaurants & Leisure 1.4% |
|
|
|
|
15,000 |
|
McDonalds Corp. (b) |
|
1,432,800 |
|
|
AGIC Global Equity & Convertible Income Fund Schedule of Investments
November 30, 2011 (unaudited)
Shares |
|
|
|
Value* |
|
|
|
|
Household Products 1.0% |
|
|
|
|
16,500 |
|
Procter & Gamble Co. |
|
$ |
1,065,405 |
|
|
|
|
|
|
|
|
|
|
Independent Power Producers & Energy Traders 1.2% |
|
|
|
|
12,500 |
|
Constellation Energy Group, Inc. |
|
502,000 |
|
|
38,461 |
|
NRG Energy, Inc. (a) |
|
756,912 |
|
|
|
|
|
|
1,258,912 |
|
|
|
|
Industrial Conglomerates 1.8% |
|
|
|
|
62,026 |
|
General Electric Co. |
|
986,834 |
|
|
45,800 |
|
Textron, Inc. |
|
889,894 |
|
|
|
|
|
|
1,876,728 |
|
|
|
|
Insurance 2.3% |
|
|
|
|
2,679 |
|
American International Group, Inc. (a) |
|
62,447 |
|
|
46,000 |
|
Genworth Financial, Inc., Class A (a) |
|
303,140 |
|
|
11,760 |
|
MetLife, Inc. |
|
370,205 |
|
|
17,000 |
|
Prudential Financial, Inc. |
|
860,880 |
|
|
37,371 |
|
XL Group PLC, Class A |
|
770,590 |
|
|
|
|
|
|
2,367,262 |
|
|
|
|
Internet Software & Services 1.1% |
|
|
|
|
2,000 |
|
Google, Inc., Class A (a) |
|
1,198,780 |
|
|
|
|
|
|
|
|
|
|
|
IT Services 1.3% |
|
|
|
|
7,500 |
|
International Business Machines Corp. (b) |
|
1,410,000 |
|
|
|
|
|
|
|
|
|
|
|
Machinery 3.2% |
|
|
|
|
18,700 |
|
AGCO Corp. (a) |
|
855,525 |
|
|
14,200 |
|
Deere & Co. |
|
1,125,350 |
|
|
14,900 |
|
Joy Global, Inc. |
|
1,360,072 |
|
|
|
|
|
|
3,340,947 |
|
|
|
|
Media 0.7% |
|
|
|
|
29,919 |
|
DISH Network Corp., Class A |
|
735,110 |
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 0.9% |
|
|
|
|
23,400 |
|
Freeport-McMoRan Copper & Gold, Inc. |
|
926,640 |
|
|
|
|
|
|
|
|
|
|
|
Multiline Retail 1.4% |
|
|
|
|
28,630 |
|
Target Corp. |
|
1,508,801 |
|
|
|
|
|
|
|
|
|
|
|
Multi-Utilities 1.0% |
|
|
|
|
28,169 |
|
PG&E Corp. |
|
1,094,084 |
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 1.7% |
|
|
|
|
5,500 |
|
Occidental Petroleum Corp. |
|
543,950 |
|
|
19,400 |
|
Peabody Energy Corp. |
|
761,062 |
|
|
18,800 |
|
Valero Energy Corp. |
|
418,676 |
|
|
|
|
|
|
1,723,688 |
|
|
|
|
Pharmaceuticals 4.8% |
|
|
|
|
16,000 |
|
Abbott Laboratories |
|
872,800 |
|
|
43,300 |
|
Bristol-Myers Squibb Co. |
|
1,416,776 |
|
|
18,224 |
|
Johnson & Johnson |
|
1,179,457 |
|
|
43,391 |
|
Merck & Co., Inc. |
|
1,551,228 |
|
|
|
|
|
|
5,020,261 |
|
|
|
|
Semiconductors & Semiconductor Equipment 2.1% |
|
|
|
|
48,000 |
|
Intel Corp. |
|
1,195,680 |
|
|
33,900 |
|
Texas Instruments, Inc. |
|
1,020,390 |
|
|
|
|
|
|
2,216,070 |
|
|
|
|
Software 2.4% |
|
|
|
|
44,500 |
|
Microsoft Corp. |
|
1,138,310 |
|
|
36,900 |
|
Oracle Corp. |
|
1,156,815 |
|
|
10,199 |
|
Symantec Corp. (a) |
|
166,754 |
|
|
|
|
|
|
2,461,879 |
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost-$133,481,967) |
|
84,190,362 |
|
|
|
|
|
|
|
|
|
CONVERTIBLE PREFERRED STOCK9.9% |
|
|
|
|||
|
|
Airlines 0.3% |
|
|
|
|
11,485 |
|
Continental Airlines Finance Trust II, 6.00%, 11/15/30 |
|
317,273 |
|
|
|
|
|
|
|
|
|
|
|
Auto Components 0.5% |
|
|
|
|
10,700 |
|
Goodyear Tire & Rubber Co., 5.875%, 4/1/14 |
|
517,773 |
|
|
|
|
|
|
|
|
|
|
|
Automobiles 0.3% |
|
|
|
|
60,000 |
|
Escrow GM Corp., 7/15/33 (a)(c) |
|
|
|
|
9,800 |
|
General Motors Co., 4.75%, 12/1/13, Ser. B |
|
334,572 |
|
|
|
|
|
|
334,572 |
|
|
AGIC Global Equity & Convertible Income Fund Schedule of Investments
November 30, 2011 (unaudited)
Shares |
|
|
|
Value* |
|
||
|
|
Capital Markets 1.0% |
|
|
|
||
4,600 |
|
AMG Capital Trust I, 5.10%, 4/15/36 |
|
$ |
207,386 |
|
|
|
|
Lehman Brothers Holdings, Inc., (c)(d)(e), |
|
|
|
||
42,200 |
|
6.00%, 10/12/10, Ser. GIS (General Mills, Inc.) |
|
244,760 |
|
||
9,300 |
|
28.00%, 3/6/09, Ser. RIG (Transocean, Inc.) |
|
207,390 |
|
||
6,250 |
|
The Goldman Sachs Group, Inc., 6.00%, 3/2/12 (Wellpoint, Inc.) (d) |
|
408,288 |
|
||
|
|
|
|
1,067,824 |
|
||
|
|
Commercial Banks 0.5% |
|
|
|
||
1,700 |
|
Fifth Third Bancorp, 8.50%, 6/30/13, Ser. G (f) |
|
241,519 |
|
||
250 |
|
Wells Fargo & Co., 7.50%, 3/15/13, Ser. L (f) |
|
263,500 |
|
||
|
|
|
|
505,019 |
|
||
|
|
Commercial Services & Supplies 0.3% |
|
|
|
||
7,036 |
|
United Rentals, Inc., 6.50%, 8/1/28 |
|
326,734 |
|
||
|
|
|
|
|
|
||
|
|
Diversified Financial Services 1.2% |
|
|
|
||
600 |
|
Bank of America Corp., 7.25%, 1/30/13, Ser. L (f) |
|
464,994 |
|
||
4,200 |
|
Citigroup, Inc., 7.50%, 12/15/12 |
|
353,850 |
|
||
9,165 |
|
Credit Suisse Securities USA LLC, 7.00%, 8/9/12 (Baxter International, Inc.) (d) |
|
472,181 |
|
||
|
|
|
|
1,291,025 |
|
||
|
|
Electric Utilities 0.5% |
|
|
|
||
5,000 |
|
NextEra Energy, Inc., 8.375%, 6/1/12 |
|
252,500 |
|
||
3,875 |
|
PPL Corp., 9.50%, 7/1/13 |
|
221,030 |
|
||
|
|
|
|
473,530 |
|
||
|
|
Food Products 0.9% |
|
|
|
||
10,000 |
|
Bunge Ltd., 4.875%, 12/1/11 (f) |
|
973,750 |
|
||
|
|
|
|
|
|
||
|
|
Household Durables 0.8% |
|
|
|
||
7,400 |
|
Newell Financial Trust I, 5.25%, 12/1/27 |
|
317,275 |
|
||
4,900 |
|
Stanley Black & Decker, Inc., 4.75%, 11/17/15 |
|
559,286 |
|
||
|
|
|
|
876,561 |
|
||
|
|
Insurance 0.6% |
|
|
|
||
5,200 |
|
Assured Guaranty Ltd., 8.50%, 6/1/12 |
|
213,564 |
|
||
7,100 |
|
MetLife, Inc., 5.00%, 9/11/13 |
|
431,609 |
|
||
|
|
|
|
645,173 |
|
||
|
|
Multi-Utilities 0.5% |
|
|
|
||
11,000 |
|
AES Trust III, 6.75%, 10/15/29 |
|
539,990 |
|
||
|
|
|
|
|
|
||
|
|
Oil, Gas & Consumable Fuels 1.2% |
|
|
|
||
8,300 |
|
Apache Corp., 6.00%, 8/1/13 |
|
472,104 |
|
||
4,700 |
|
ATP Oil & Gas Corp., 8.00%, 10/1/14 (f)(g)(h) |
|
182,713 |
|
||
6,700 |
|
Chesapeake Energy Corp., 5.00%, 12/31/49 (f) |
|
572,012 |
|
||
|
|
|
|
1,226,829 |
|
||
|
|
Professional Services 0.6% |
|
|
|
||
10,400 |
|
Nielsen Holdings NV, 6.25%, 2/1/13 |
|
596,752 |
|
||
|
|
|
|
|
|
||
|
|
Real Estate Investment Trust 0.3% |
|
|
|
||
10,700 |
|
Alexandria Real Estate Equities, Inc., 7.00%, 4/20/13 (f) |
|
251,343 |
|
||
|
|
|
|
|
|
||
|
|
Road & Rail 0.4% |
|
|
|
||
47,690 |
|
2010 Swift Mandatory Common Exchange Security Trust, 6.00%, 12/31/13 (g) |
|
453,236 |
|
||
|
|
|
|
|
|
||
|
|
Total Convertible Preferred Stock (cost-$15,648,852) |
|
10,397,384 |
|
||
|
|
|
|
|
|
||
Principal
|
|
|
|
|
|
||
CONVERTIBLE BONDS & NOTES7.8% |
|
|
|
||||
|
|
Auto Components 0.5% |
|
|
|
||
$ |
275 |
|
BorgWarner, Inc., 3.50%, 4/15/12 |
|
552,750 |
|
|
|
|
|
|
|
|
||
|
|
Capital Markets 0.6% |
|
|
|
||
500 |
|
Ares Capital Corp., 5.75%, 2/1/16 (g)(h) |
|
475,000 |
|
||
160 |
|
BGC Partners, Inc., 4.50%, 7/15/16 (g)(h) |
|
145,200 |
|
||
|
|
|
|
620,200 |
|
||
|
|
Diversified Telecommunication Services 0.2% |
|
|
|
||
160 |
|
Level 3 Communications, Inc., 15.00%, 1/15/13 |
|
197,000 |
|
||
|
|
|
|
|
|
||
|
|
Electrical Equipment 0.8% |
|
|
|
||
495 |
|
EnerSys, 3.375%, 6/1/38 (i) |
|
490,669 |
|
||
500 |
|
JA Solar Holdings Co., Ltd., 4.50%, 5/15/13 |
|
342,500 |
|
||
|
|
|
|
833,169 |
|
||
|
|
Health Care Equipment & Supplies 0.1% |
|
|
|
||
130 |
|
Alere, Inc., 3.00%, 5/15/16 |
|
122,525 |
|
||
|
|
|
|
|
|
||
|
|
Hotels, Restaurants & Leisure 0.4% |
|
|
|
||
450 |
|
MGM Resorts International, 4.25%, 4/15/15 |
|
418,500 |
|
||
|
|
|
|
|
|
||
|
|
Internet Software & Services 0.5% |
|
|
|
||
275 |
|
VeriSign, Inc., 3.25%, 8/15/37 |
|
313,844 |
|
||
150 |
|
WebMD Health Corp., 2.50%, 1/31/18 (g)(h) |
|
136,312 |
|
||
|
|
|
|
450,156 |
|
||
AGIC Global Equity & Convertible Income Fund Schedule of Investments
November 30, 2011 (unaudited)
Principal
|
|
|
|
Value* |
|
||
|
|
IT Services 0.6% |
|
|
|
||
$ |
475 |
|
Alliance Data Systems Corp., 1.75%, 8/1/13 |
|
$ |
648,375 |
|
|
|
|
|
|
|
||
|
|
Machinery 0.5% |
|
|
|
||
515 |
|
Greenbrier Cos, Inc., 3.50%, 4/1/18 (c)(g)(h) |
|
481,847 |
|
||
|
|
|
|
|
|
||
|
|
Media 1.3% |
|
|
|
||
475 |
|
Interpublic Group of Cos, Inc., 4.25%, 3/15/23 |
|
486,875 |
|
||
|
|
Liberty Media LLC, |
|
|
|
||
310 |
|
3.125%, 3/30/23 |
|
340,225 |
|
||
1,000 |
|
3.50%, 1/15/31 |
|
552,500 |
|
||
|
|
|
|
1,379,600 |
|
||
|
|
Metals & Mining 0.2% |
|
|
|
||
200 |
|
Steel Dynamics, Inc., 5.125%, 6/15/14 |
|
217,500 |
|
||
|
|
|
|
|
|
||
|
|
Oil, Gas & Consumable Fuels 0.3% |
|
|
|
||
250 |
|
Western Refining, Inc., 5.75%, 6/15/14 |
|
330,625 |
|
||
|
|
|
|
|
|
||
|
|
Pharmaceuticals 0.6% |
|
|
|
||
200 |
|
Valeant Pharmaceuticals International, Inc., 5.375%, 8/1/14 (g)(h) |
|
650,750 |
|
||
|
|
|
|
|
|
||
|
|
Real Estate Investment Trust 0.7% |
|
|
|
||
250 |
|
Boston Properties LP, 3.75%, 5/15/36 |
|
284,063 |
|
||
400 |
|
Health Care REIT, Inc., 4.75%, 12/1/26 |
|
432,000 |
|
||
|
|
|
|
716,063 |
|
||
|
|
Semiconductors & Semiconductor Equipment 0.2% |
|
|
|
||
300 |
|
SunPower Corp., 4.75%, 4/15/14 |
|
224,250 |
|
||
|
|
|
|
|
|
||
|
|
Thrifts & Mortgage Finance 0.3% |
|
|
|
||
|
|
MGIC Investment Corp., |
|
|
|
||
200 |
|
5.00%, 5/1/17 |
|
107,000 |
|
||
395 |
|
9.00%, 4/1/63 (g)(h) |
|
161,456 |
|
||
|
|
|
|
268,456 |
|
||
|
|
|
|
|
|
||
|
|
Total Convertible Bonds & Notes (cost-$9,542,528) |
|
8,111,766 |
|
||
|
|
|
|
|
|
||
YANKEE BOND0.4% |
|
|
|
||||
|
|
Marine 0.4% |
|
|
|
||
550 |
|
DryShips, Inc., 5.00%, 12/1/14 (cost-$620,871) |
|
371,937 |
|
||
|
|
|
|
|
|
||
Units |
|
|
|
|
|
||
WARRANTS (a) 0.1% |
|
|
|
||||
|
|
Automobiles 0.1% |
|
|
|
||
|
|
General Motors Co., |
|
|
|
||
5,558 |
|
expires 7/10/16 |
|
70,309 |
|
||
5,558 |
|
expires 7/10/19 |
|
48,577 |
|
||
|
|
|
|
118,886 |
|
||
|
|
Electronic Equipment, Instruments 0.0% |
|
|
|
||
3,050 |
|
Kingboard Chemical Holdings Ltd., expires 10/31/12 |
|
216 |
|
||
|
|
|
|
|
|
||
|
|
Total Warrants (cost-$775,993) |
|
119,102 |
|
||
|
|
|
|
|
|
||
Principal
|
|
|
|
|
|
||
SHORT-TERM INVESTMENT 1.0% |
|
|
|
||||
|
|
Time Deposit 1.0% |
|
|
|
||
$ |
1,010 |
|
Wells Fargo-Grand Cayman, 0.03%, 12/1/11 (cost-$1,009,926) |
|
1,009,926 |
|
|
|
|
|
|
|
|
||
|
|
Total Investments, before call options written
|
|
104,200,477 |
|
||
|
|
|
|
|
|
||
Contracts |
|
|
|
|
|
||
CALL OPTIONS WRITTEN (a) (0.1)% |
|
|
|
||||
|
|
Bristol-Myers Squibb Co., |
|
|
|
||
300 |
|
strike price $33, expires 12/17/11 |
|
(10,350 |
) |
||
|
|
International Business Machines Corp., |
|
|
|
||
50 |
|
strike price $190, expires 12/17/11 |
|
(11,675 |
) |
||
|
|
Intuitive Surgical, Inc., |
|
|
|
||
20 |
|
strike price $440, expires 12/17/11 |
|
(14,600 |
) |
||
|
|
McDonalds Corp., |
|
|
|
||
105 |
|
strike price $95, expires 12/17/11 |
|
(16,853 |
) |
||
AGIC Global Equity & Convertible Income Fund Schedule of Investments
November 30, 2011 (unaudited)
Contracts |
|
|
|
Value* |
|
|
|
|
McKesson Corp., |
|
|
|
|
105 |
|
strike price $85, expires 12/17/11 |
|
$ |
(3,675 |
) |
|
|
Total Call Options Written (premiums received-$35,566) |
|
(57,153 |
) |
|
|
|
|
|
|
|
|
|
|
Total Investments, net of call options written
|
|
104,143,324 |
|
|
|
|
Other assets less other liabilities0.4% |
|
390,390 |
|
|
|
|
Net Assets100.0% |
|
$ |
104,533,714 |
|
Notes to Schedules of Investments:
*Portfolio securities and other financial instruments for which market quotations are readily available are stated at market value. Market value is generally determined on the basis of last reported sales prices, or if no sales are reported, on the basis of quotes obtained from a quotation reporting system, established market makers, or independent pricing services.
Portfolio securities and other financial instruments for which market quotations are not readily available, or for which a development/event occurs that may significantly impact the value of a security, are fair-valued, in good faith, pursuant to procedures established by the Board of Trustees, or persons acting at their discretion pursuant to procedures established by the Board of Trustees. The Funds investments are valued daily using prices supplied by an independent pricing service or dealer quotations, or by using the last sale price on the exchange that is the primary market for such securities, or the mean between the last quoted bid and ask price. Independent pricing services use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Synthetic convertible securities are valued based on quotations obtained from unaffiliated brokers who are the principal market-makers in such securities. Such valuations are derived by the brokers from proprietary models which are generally based on readily available market information including valuations of the common stock underlying the synthetic security. Short-term securities maturing in 60 days or less are valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days. Investments initially valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from pricing services. As a result, the net asset value (NAV) of the Funds shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities traded in markets outside of the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the New York Stock Exchange (NYSE) is closed.
The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold and these differences could be material. The Funds NAV is normally determined as of close of regular trading (normally, 4:00 p.m. Eastern time) on the NYSE on each day the NYSE is open for business.
The prices of certain portfolio securities or financial instruments may be determined at a time prior to the close of regular trading on the NYSE. When fair-valuing the securities, the Fund may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indices) that occur after the close of the relevant market and before the time the Funds NAV is calculated. With respect to certain foreign securities, the Fund may fair-value securities using modeling tools provided by third-party vendors. The Fund has retained a statistical research service to assist in determining the fair value of foreign securities. This service utilizes statistics and programs based on historical performance of markets and other economic data to assist in making fair value estimates. Fair value estimates used by the Fund for foreign securities may differ from the value realized from the sale of those securities and the difference could be material. Fair value pricing may require subjective determinations about the value of a security or other assets, and fair values used to determine the Funds NAV may differ from quoted or published prices, or from prices that are used by others, for the same investments. In addition, the use of fair value pricing may not always result in adjustments to the prices of securities or other assets held by the Fund.
(a) |
|
Non-income producing. |
(b) |
|
All or partial amount segregated for the benefit of the counterparty as collateral for call options written. |
(c) |
|
Fair-ValuedSecurities with an aggregate value of $934,276, representing 0.9% of net assets. |
(d) |
|
Securities exchangeable or convertible into securities of an entity different than the issuer or structured by the issuer to provide exposure to securities of an entity different than the issuer (synthetic convertible securities). Such entity is identified in the parenthetical. |
(e) |
|
In default. |
(f) |
|
Perpetual maturity. The date shown is the next call date. |
(g) |
|
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid. |
(h) |
|
Private PlacementRestricted as to resale may not have a readily available market. Securities with an aggregate market value of $2,233,278, representing 2.1% of net assets. |
(i) |
|
Step BondCoupon is a fixed rate for an initial period then resets at a specific date and rate. |
(j) |
|
Securities with an aggregrate value of $30,018,609, representing 28.7% of net assets, were valued utilizing modeling tools provided by a third-party vendor. |
(k) |
|
At November 30, 2011, the cost basis of portfolio securities (before call options written) for federal income tax purposes was $162,220,142. Gross unrealized appreciation was $5,483,358; gross unrealized depreciation was $63,503,023; and net unrealized depreciation was $58,019,665. The difference between book and tax cost basis was attributable to wash sale loss deferrals. |
Glossary:
ADRAmerican Depositary Receipt
REITReal Estate Investment Trust
Other Investments:
Transactions in options written for the three months ended November 30, 2011:
|
|
Contracts |
|
Premiums |
|
|
Options outstanding, August 31, 2011 |
|
545 |
|
$ |
33,125 |
|
Options written |
|
1,950 |
|
158,675 |
|
|
Options terminated in closing transactions |
|
(745 |
) |
(59,116 |
) |
|
Options expired |
|
(1,170 |
) |
(97,118 |
) |
|
Options outstanding, November 30, 2011 |
|
580 |
|
$ |
35,566 |
|
Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the exit price) in an orderly transaction between market participants. The three levels of the fair value hierarchy are described below:
· Level 1 quoted prices in active markets for identical investments that the Fund has the ability to access
· Level 2 valuations based on other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) or quotes from inactive exchanges
· Level 3 valuations based on significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments)
An investment assets or liabilitys level within the fair value hierarchy is based on the lowest level input, individually or in the aggregate, that is significant to fair value measurement. The objective of fair value measurement remains the same even when there is a significant decrease in the volume and level of activity for an asset or liability and regardless of the valuation technique used.
The valuation techniques used by the Fund to measure fair value during the three months ended November 30, 2011 maximized the use of observable inputs and minimized the use of unobservable inputs. When fair-valuing securities, the Fund utilized multi-dimensional relational pricing models and the estimation of the price that would have prevailed in a liquid market for the international equities given information available at the time of evaluation.
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 the Fund generally uses to evaluate how to classify each major category of assets and liabilities, for Level 2 and Level 3, in accordance with Generally Accepted Accounting Principles.
Equity Securities (Common and Preferred Stock) Equity securities traded in inactive markets and certain foreign equity securities are valued using inputs which include broker-dealer quotes, recently executed transactions adjusted for changes in the benchmark index, or evaluated price quotes received from independent pricing services that take into account the integrity of the market sector and issuer, the individual characteristics of the security, and information received from broker-dealers and other market sources pertaining to the issuer or security. To the extent that these inputs are observable, the values of equity securities are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.
Convertible Bonds & Notes Convertible bonds and notes are valued by independent pricing services using various inputs and techniques, which include broker-dealer quotations from relevant market makers and recently executed transactions in securities of the issuer or comparable issuers. The broker-dealer quotations received are supported by credit analysis of the issuer that takes into consideration credit quality assessments, daily trading activity, and the activity of the underlying equities, listed bonds and sector-specific trends. To the extent that these inputs are observable, the values of convertible bonds and notes are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.
Corporate Bonds Corporate bonds are generally comprised of two main categories: investment grade bonds and high yield bonds. Investment grade bonds are valued by independent pricing services using various inputs and techniques, which include broker-dealer quotations, live trading levels, recently executed transactions in securities of the issuer or comparable issuers, and option adjusted spread models that include base curve and spread curve inputs. Adjustments to individual bonds can be applied to recognize trading differences compared to other bonds issued by the same issuer. High yield bonds are valued by independent pricing services based primarily on broker-dealer quotations from relevant market makers and recently executed transactions in securities of the issuer or comparable issuers. The broker-dealer quotations received are supported by credit analysis of the issuer that takes into consideration credit quality assessments, daily trading activity, and the activity of the underlying equities, listed bonds and sector-specific trends. To the extent that these inputs are observable, the values of corporate bonds are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.
Option Contracts Option contracts traded over the counter (OTC) are valued by independent pricing services based on pricing models that incorporate various inputs such as interest rates, credit spreads, currency exchange rates and volatility measurements for in-the-money, at-the-money, and out-of-the-money contracts based on a given strike price. To the extent that these inputs are observable, the values of OTC option contracts are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.
The Funds policy is to recognize transfers between levels at the end of the reporting period.
A summary of the inputs used at November 30, 2011 in valuing Funds assets and liabilities is listed below:
|
|
|
|
Level 2- |
|
Level 3- |
|
|
|
||||
|
|
|
|
Other Significant |
|
Significant |
|
|
|
||||
|
|
Level 1- |
|
Observable |
|
Unobservable |
|
Value at |
|
||||
|
|
Quoted Prices |
|
Inputs |
|
Inputs |
|
11/30/11 |
|
||||
Investments in Securities - Assets |
|
|
|
|
|
|
|
|
|
||||
Common Stock: |
|
|
|
|
|
|
|
|
|
||||
Australia |
|
|
|
$ |
2,318,397 |
|
|
|
$ |
2,318,397 |
|
||
Austria |
|
|
|
99,479 |
|
|
|
99,479 |
|
||||
Belgium |
|
|
|
149,275 |
|
|
|
149,275 |
|
||||
China |
|
|
|
160,281 |
|
|
|
160,281 |
|
||||
Denmark |
|
|
|
128,665 |
|
|
|
128,665 |
|
||||
Finland |
|
|
|
217,873 |
|
|
|
217,873 |
|
||||
France |
|
|
|
2,202,199 |
|
|
|
2,202,199 |
|
||||
Germany |
|
|
|
2,176,517 |
|
|
|
2,176,517 |
|
||||
Greece |
|
|
|
10,758 |
|
|
|
10,758 |
|
||||
Hong Kong |
|
|
|
1,966,047 |
|
|
|
1,966,047 |
|
||||
Ireland |
|
|
|
421 |
|
$ |
279 |
|
700 |
|
|||
Italy |
|
|
|
593,863 |
|
|
|
593,863 |
|
||||
Japan |
|
|
|
5,368,575 |
|
|
|
5,368,575 |
|
||||
Luxembourg |
|
|
|
2,484 |
|
|
|
2,484 |
|
||||
Netherlands |
|
|
|
113,408 |
|
|
|
113,408 |
|
||||
New Zealand |
|
|
|
129,006 |
|
|
|
129,006 |
|
||||
Norway |
|
|
|
503,069 |
|
|
|
503,069 |
|
||||
Singapore |
|
|
|
1,131,804 |
|
|
|
1,131,804 |
|
||||
Spain |
|
|
|
1,166,247 |
|
|
|
1,166,247 |
|
||||
Sweden |
|
|
|
1,278,049 |
|
|
|
1,278,049 |
|
||||
Switzerland |
|
$ |
313,009 |
|
1,288,151 |
|
|
|
1,601,160 |
|
|||
United Kingdom |
|
|
|
9,014,041 |
|
|
|
9,014,041 |
|
||||
All Other |
|
53,858,465 |
|
|
|
|
|
53,858,465 |
|
||||
Convertible Preferred Stock: |
|
|
|
|
|
|
|
|
|
||||
Airlines |
|
|
|
317,273 |
|
|
|
317,273 |
|
||||
Automobiles |
|
334,572 |
|
|
|
|
|
334,572 |
|
||||
Capital Markets |
|
|
|
615,674 |
|
452,150 |
|
1,067,824 |
|
||||
Commercial Banks |
|
263,500 |
|
241,519 |
|
|
|
505,019 |
|
||||
Commercial Services & Supplies |
|
|
|
326,734 |
|
|
|
326,734 |
|
||||
Diversified Financial Services |
|
818,844 |
|
472,181 |
|
|
|
1,291,025 |
|
||||
Household Durables |
|
559,286 |
|
317,275 |
|
|
|
876,561 |
|
||||
Insurance |
|
431,609 |
|
213,564 |
|
|
|
645,173 |
|
||||
Oil, Gas & Consumable Fuels |
|
472,104 |
|
754,725 |
|
|
|
1,226,829 |
|
||||
Professional Services |
|
|
|
596,752 |
|
|
|
596,752 |
|
||||
Road & Rail |
|
|
|
453,236 |
|
|
|
453,236 |
|
||||
All Other |
|
2,756,386 |
|
|
|
|
|
2,756,386 |
|
||||
Convertible Bonds & Notes: |
|
|
|
|
|
|
|
|
|
||||
Machinery |
|
|
|
|
|
481,847 |
|
481,847 |
|
||||
All Other |
|
|
|
7,629,919 |
|
|
|
7,629,919 |
|
||||
Yankee Bond |
|
|
|
371,937 |
|
|
|
371,937 |
|
||||
Warrants |
|
119,102 |
|
|
|
|
|
119,102 |
|
||||
Short-Term Investment |
|
|
|
1,009,926 |
|
|
|
1,009,926 |
|
||||
Total Investments in Securities - Assets |
|
$ |
59,926,877 |
|
$ |
43,339,324 |
|
$ |
934,276 |
|
$ |
104,200,477 |
|
Investments in Securities - Liabilities |
|
|
|
|
|
|
|
|
|
||||
Call Options Written, at value: |
|
|
|
|
|
|
|
|
|
||||
Market price |
|
$ |
(57,153 |
) |
|
|
|
|
$ |
(57,153 |
) |
||
Total Investments |
|
$ |
59,869,724 |
|
$ |
43,339,324 |
|
$ |
934,276 |
|
$ |
104,143,324 |
|
Escrow GM Corp. is fair-valued at $0.
There were no significant transfers between Levels 1 and 2 during the three months ended November 30, 2011.
Item 2. Controls and Procedures
(a) The registrants President & Chief Executive Officer and Treasurer, Principal Financial & Accounting Officer have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a -3(c)), as amended) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.
(b) There were no significant changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a -3(d))) that occurred during the registrants last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting.
Item 3. Exhibits
(a) Exhibit 99.302 Cert. Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
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.
Registrant: AGIC Global Equity & Convertible Income Fund
By |
/s/ Brian S. Shlissel |
|
President & Chief Executive Officer |
|
|
|
|
|
Date: January 20, 2012 |
|
|
|
|
|
By |
/s/ Lawrence G. Altadonna |
|
Treasurer, Principal Financial & Accounting Officer |
|
|
|
|
|
Date: January 20, 2012 |
|
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/ Brian S. Shlissel |
|
President & Chief Executive Officer |
|
|
|
|
|
Date: January 20, 2012 |
|
|
|
|
|
By |
/s/ Lawrence G. Altadonna |
|
Treasurer, Principal Financial & Accounting Officer |
|
|
|
|
|
Date: January 20, 2012 |
|
1 Year Allianzgi Global Equity & Convertible Income Fund Chart |
1 Month Allianzgi Global Equity & Convertible Income Fund Chart |
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