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UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-22067

 

AGIC Global Equity & Convertible Income Fund

(Exact name of registrant as specified in charter)

 

1633 Broadway, New York, New York

 

10019

(Address of principal executive offices)

 

(Zip code)

 

Lawrence G. Altadonna — 1633 Broadway, New York, New York 10019

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

212-739-3371

 

 

Date of fiscal year end:

August 31, 2012

 

 

Date of reporting period:

November 30, 2011

 

 

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 STOCK—80.5%

 

 

 

 

 

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

 

McDonald’s 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 STOCK—9.9%

 

 

 

 

 

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
Amount
(000s)

 

 

 

 

 

CONVERTIBLE BONDS & NOTES—7.8%

 

 

 

 

 

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
Amount
(000s)

 

 

 

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 BOND—0.4%

 

 

 

 

 

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
Amount
(000s)

 

 

 

 

 

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
(cost-$161,080,137) (k)— 99.7%

 

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

)

 

 

McDonald’s 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
(cost-$161,044,571) (j)— 99.6%

 

104,143,324

 

 

 

Other assets less other liabilities—0.4%

 

390,390

 

 

 

Net Assets—100.0%

 

$

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 Fund’s 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 Fund’s 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 Fund’s 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 Fund’s 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 Fund’s 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-Valued—Securities 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)

 

144A—Exempt 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 Placement—Restricted 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 Bond—Coupon 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:

ADR—American Depositary Receipt

REIT—Real 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 Fund’s own assumptions in determining the fair value of investments)

 

An investment asset’s or liability’s 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 Fund’s 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 Fund’s 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 registrant’s President & Chief Executive Officer and Treasurer, Principal Financial & Accounting Officer have concluded that the registrant’s 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 registrant’s 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 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) 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

 

 


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