N-Q 1 gug63793-nq.htm AVK
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number
     811-21309
 
Advent Claymore Convertible Securities and Income Fund
(Exact name of registrant as specified in charter)

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

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

Date of fiscal year end: October 31

Date of reporting period: November 1, 2015 – January 31, 2016
 

 
 
Item 1.    Schedule of Investments.
Attached hereto.
 
Advent Claymore Convertible Securities & Income Fund
 
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2016
   
 
 
     
Shares
   
Value
 
COMMON STOCKS - 11.5%
             
Consumer, Non-cyclical - 5.0%
             
Gilead Sciences, Inc.1
   
49,400
 
$
4,100,199
 
Cigna Corp.1
   
29,971
   
4,004,126
 
Bristol-Myers Squibb Co.1
   
51,100
   
3,176,376
 
Mylan N.V.*,1,2
   
39,000
   
2,054,910
 
Amgen, Inc.2
   
12,200
   
1,863,306
 
Biogen, Inc.*,2
   
6,600
   
1,802,196
 
Cempra, Inc.*,1
   
17,500
   
301,525
 
Total Consumer, Non-cyclical
         
17,302,638
 
Industrial - 1.9%
             
General Dynamics Corp.1
   
35,500
   
4,748,835
 
Deutsche Post AG*
   
80,000
   
1,932,974
 
General Electric Co.
   
1
   
29
 
Total Industrial
         
6,681,838
 
Financial - 1.5%
             
Blackstone Group, LP1
   
148,900
   
3,911,603
 
Synchrony Financial*,1
   
46,400
   
1,318,688
 
Total Financial
         
5,230,291
 
Consumer, Cyclical - 1.4%
             
Target Corp.1
   
45,400
   
3,287,868
 
General Motors Co.1
   
53,600
   
1,588,704
 
Total Consumer, Cyclical
         
4,876,572
 
Technology - 0.9%
             
Xilinx, Inc.1
   
65,200
   
3,277,604
 
Communications - 0.8%
             
Time Warner, Inc.1,2
   
40,100
   
2,824,644
 
Total Common Stocks
             
(Cost $42,921,303)
         
40,193,587
 
CONVERTIBLE PREFERRED STOCKS - 21.5%
             
Consumer, Non-cyclical - 8.2%
             
Teva Pharmaceutical Industries Ltd.
             
7.00% due 12/15/18*,1
   
12,876
   
12,577,794
 
Allergan plc
             
5.50% due 03/01/181
   
9,707
   
9,205,051
 
Anthem, Inc.
             
5.25% due 05/01/181
   
163,263
   
7,198,266
 
Total Consumer, Non-cyclical
         
28,981,111
 
Communications - 4.9%
             
Frontier Communications Corp.
             
11.13% due 06/29/181
   
167,799
   
14,997,874
 
T-Mobile US, Inc.
             
5.50% due 12/15/171
   
30,942
   
2,135,617
 
Total Communications
         
17,133,491
 
Financial - 4.4%
             
Wells Fargo & Co.
             
7.50%1,3
   
5,032
   
5,888,698
 
American Tower Corp.
             
5.50% due 02/15/181
   
26,331
   
2,600,186
 
5.25% due 05/15/171
   
26,000
   
2,578,160
 
KeyCorp
             
7.75%1,3
   
18,000
   
2,340,000
 
Alexandria Real Estate Equities, Inc.
             
7.00%1,3
   
50,000
   
1,375,000
 
Weyerhaeuser Co.
             
6.38% due 07/01/161
   
17,958
   
823,015
 
Total Financial
         
15,605,059
 
               
     
Shares
   
Value
 
CONVERTIBLE PREFERRED STOCKS - 21.5% (continued)
             
Utilities - 1.9%
             
Dominion Resources, Inc.
             
6.38% due 07/01/171
 
$
58,850
 
$
2,928,376
 
NextEra Energy, Inc.
             
5.80% due 09/01/161
   
44,104
   
2,509,518
 
Exelon Corp.
             
6.50% due 06/01/171
   
27,281
   
1,181,540
 
Total Utilities
         
6,619,434
 
Industrial - 1.3%
             
Stanley Black & Decker, Inc.
             
6.25% due 11/17/161
   
28,995
   
3,075,789
 
Stericycle, Inc.
             
5.25% due 09/15/181
   
15,690
   
1,426,692
 
Total Industrial
         
4,502,481
 
Basic Materials - 0.4%
             
Alcoa, Inc.
             
5.38% due 10/01/171
   
32,712
   
861,961
 
A Schulman, Inc.
             
6.00%1,3
   
1,000
   
600,000
 
Total Basic Materials
         
1,461,961
 
Consumer, Cyclical - 0.4%
             
William Lyon Homes
             
6.50% due 12/01/171
   
19,869
   
1,273,404
 
Total Convertible Preferred Stocks
             
(Cost $82,120,932)
         
75,576,941
 
SHORT TERM INVESTMENTS - 9.9%
             
Goldman Sachs Financial Prime Obligations - Administration Share Class,
           
0.01%4
   
34,714,351
   
34,714,351
 
Total Short Term Investments
             
(Cost $34,714,351)
         
34,714,351
 
               
     
Face
       
     
Amount~
   
Value
 
CONVERTIBLE BONDS†† - 80.0%
             
Technology -  22.6%
             
Intel Corp.
             
3.25% due 08/01/391
   
 3,600,000
   
 5,505,767
 
2.95% due 12/15/351
   
 2,513,000
   
 3,084,708
 
Lam Research Corp.
             
1.25% due 05/15/181
   
 3,049,000
   
 4,106,622
 
0.50% due 05/15/161
   
 1,830,000
   
 2,109,075
 
Microchip Technology, Inc.
             
1.63% due 02/15/251,5
   
 6,334,000
   
 6,120,227
 
ON Semiconductor Corp.
             
1.00% due 12/01/201,5
   
 4,250,000
   
 3,771,874
 
2.63% due 12/15/261
   
 1,531,000
   
 1,642,954
 
Micron Technology, Inc.
             
3.00% due 11/15/431
   
 4,858,000
   
 3,433,999
 
2.13% due 02/15/33
   
 800,000
   
 969,500
 
Verint Systems, Inc.
             
1.50% due 06/01/211
   
 4,737,000
   
 4,346,197
 
Synchronoss Technologies, Inc.
             
0.75% due 08/15/191
   
 4,539,000
   
 4,337,582
 
Red Hat, Inc.
             
0.25% due 10/01/191
   
 3,192,000
   
 3,800,475
 
Cornerstone OnDemand, Inc.
             
1.50% due 07/01/181
   
 3,916,000
   
 3,771,597
 
 
 

 
 
 
Advent Claymore Convertible Securities & Income Fund
 
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2016
   
 
               
     
Face
       
     
Amount~
   
Value
 
CONVERTIBLE BONDS†† - 80.0% (continued)
             
Technology -  22.6% (continued)
             
ServiceNow, Inc.
             
0.00% due 11/01/181,6
  $
3,258,000
  $
3,524,749
 
salesforce.com, Inc.
             
0.25% due 04/01/181
   
 2,810,000
   
 3,336,875
 
Proofpoint, Inc.
             
0.75% due 06/15/201,5
   
 3,441,000
   
 3,236,691
 
Citrix Systems, Inc.
             
0.50% due 04/15/191
   
 2,602,000
   
 2,754,868
 
NVIDIA Corp.
             
1.00% due 12/01/181
   
 1,772,000
   
 2,671,291
 
SanDisk Corp.
             
0.50% due 10/15/201
   
 2,320,000
   
 2,395,400
 
BroadSoft, Inc.
             
1.00% due 09/01/221,5
   
 2,239,000
   
 2,357,947
 
Akamai Technologies, Inc.
             
0.00% due 02/15/191,6
   
 2,285,000
   
 2,140,771
 
NXP Semiconductors N.V.
             
1.00% due 12/01/19
   
 1,936,000
   
 2,049,740
 
Nuance Communications, Inc.
             
1.00% due 12/15/351,5
   
 2,219,000
   
 2,009,582
 
Xilinx, Inc.
             
2.63% due 06/15/171
   
 1,092,000
   
 1,895,985
 
Bottomline Technologies de, Inc.
             
1.50% due 12/01/17
   
 1,336,000
   
 1,475,445
 
PROS Holdings, Inc.
             
2.00% due 12/01/195
   
 1,184,000
   
 930,920
 
Allscripts Healthcare Solutions, Inc.
             
1.25% due 07/01/201
   
 888,000
   
 919,635
 
Inphi Corp.
             
1.13% due 12/01/205
   
 744,000
   
 720,285
 
Total Technology
         
 79,420,761
 
Consumer, Non-cyclical -  19.1%
             
Jarden Corp.
             
1.13% due 03/15/341
   
 5,684,000
   
 6,653,833
 
HealthSouth Corp.
             
2.00% due 12/01/431
   
 4,693,000
   
 5,077,239
 
Molina Healthcare, Inc.
             
1.63% due 08/15/441
   
 3,953,000
   
 4,543,479
 
Hologic, Inc.
             
2.00% due 03/01/421,7,8
   
 2,113,000
   
 2,598,990
 
0.00% due 12/15/431,7,9
   
 1,450,000
   
 1,769,906
 
Brookdale Senior Living, Inc.
             
2.75% due 06/15/181
   
 4,140,000
   
 4,002,863
 
BioMarin Pharmaceutical, Inc.
             
1.50% due 10/15/201
   
 3,290,000
   
 3,645,731
 
Ionis Pharmaceuticals, Inc.
             
1.00% due 11/15/211
   
 4,012,000
   
 3,580,709
 
Euronet Worldwide, Inc.
             
1.50% due 10/01/441
   
 2,750,000
   
 3,422,031
 
Wright Medical Group, Inc.
             
2.00% due 02/15/205
   
 2,920,000
   
 2,779,475
 
Gilead Sciences, Inc.
             
1.63% due 05/01/161
   
 685,000
   
 2,525,513
 
Depomed, Inc.
             
2.50% due 09/01/211
   
 2,427,000
   
 2,458,854
 
               
     
Face
       
     
Amount~
   
Value
 
CONVERTIBLE BONDS†† - 80.0% (continued)
             
Consumer, Non-cyclical -  19.1% (continued)
             
PTC Therapeutics, Inc.
             
3.00% due 08/15/221,5
  $
3,049,000
  $
2,425,861
 
NuVasive, Inc.
             
2.75% due 07/01/171
   
 1,971,000
   
 2,413,243
 
Illumina, Inc.
             
0.50% due 06/15/211
   
 2,080,000
   
 2,275,000
 
Horizon Pharma Investment Ltd.
             
2.50% due 03/15/221,5
   
 2,561,000
   
 2,253,680
 
Huron Consulting Group, Inc.
             
1.25% due 10/01/19
   
 2,354,000
   
 2,233,358
 
Jazz Investments I Ltd.
             
1.88% due 08/15/211
   
 2,148,000
   
 2,194,988
 
Array BioPharma, Inc.
             
3.00% due 06/01/201
   
 2,087,000
   
 1,715,253
 
Emergent BioSolutions, Inc.
             
2.88% due 01/15/21
   
 1,220,000
   
 1,592,100
 
Live Nation Entertainment, Inc.
             
2.50% due 05/15/191
   
 1,545,000
   
 1,533,412
 
J Sainsbury plc
             
1.25% due 11/21/191
   
 1,000,000 GBP
   
 1,462,474
 
Medicines Co.
             
2.50% due 01/15/22
   
 1,141,000
   
 1,360,643
 
Macquarie Infrastructure Company LLC
             
2.88% due 07/15/191
   
 1,237,000
   
 1,353,742
 
Incyte Corp.
             
0.38% due 11/15/181
   
 801,000
   
 1,211,012
 
Total Consumer, Non-cyclical
         
 67,083,389
 
Communications -  15.0%
             
Priceline Group, Inc.
             
0.35% due 06/15/201
   
 5,681,000
   
 6,295,257
 
1.00% due 03/15/181
   
 2,566,000
   
 3,262,027
 
Ciena Corp.
             
0.88% due 06/15/171
   
 3,800,000
   
 3,743,000
 
4.00% due 12/15/201
   
 2,597,000
   
 3,131,008
 
Ctrip.com International Ltd.
             
1.25% due 10/15/181
   
 2,216,000
   
 2,808,781
 
1.00% due 07/01/205
   
 2,396,000
   
 2,550,242
 
Finisar Corp.
             
0.50% due 12/15/331
   
 5,000,000
   
 4,578,125
 
Telecom Italia Finance S.A.
             
6.13% due 11/15/16
   
 2,500,000 EUR
   
 3,490,963
 
Twitter, Inc.
             
1.00% due 09/15/211
   
 3,835,000
   
 3,127,922
 
Liberty Media Corp.
             
1.38% due 10/15/23
   
 3,086,000
   
 2,927,843
 
Yahoo!, Inc.
             
0.00% due 12/01/181,6
   
 2,988,000
   
 2,896,493
 
LinkedIn Corp.
             
0.50% due 11/01/191
   
 2,800,000
   
 2,850,751
 
SINA Corp.
             
1.00% due 12/01/181
   
 2,900,000
   
 2,829,312
 
CalAmp Corp.
             
1.63% due 05/15/201,5
   
 2,811,000
   
 2,573,822
 
WebMD Health Corp.
             
1.50% due 12/01/20
   
 2,028,000
   
 2,353,747
 
 
 
 

 
 
 
Advent Claymore Convertible Securities & Income Fund
 
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2016
   
 
               
     
Face
       
     
Amount~
   
Value
 
CONVERTIBLE BONDS†† - 80.0% (continued)
             
Communications -  15.0% (continued)
             
FireEye, Inc.
             
1.63% due 06/01/355
  $
2,697,000
  $
2,071,633
 
Qihoo 360 Technology Company Ltd.
             
0.50% due 08/15/201
   
 1,223,000
   
 1,186,310
 
Total Communications
         
 52,677,236
 
Financial -  12.5%
             
Colony Capital, Inc.
             
3.88% due 01/15/211
   
 8,578,000
   
 7,543,278
 
Forest City Realty Trust, Inc.
             
3.63% due 08/15/20
   
 6,086,000
   
 6,196,309
 
Colony Starwood Homes
             
3.00% due 07/01/19
   
 2,993,000
   
 2,805,937
 
4.50% due 10/15/171
   
 874,000
   
 870,723
 
Starwood Property Trust, Inc.
             
4.00% due 01/15/191
   
 3,637,000
   
 3,655,185
 
Fidelity National Financial, Inc.
             
4.25% due 08/15/181
   
 2,025,000
   
 3,645,000
 
Air Lease Corp.
             
3.88% due 12/01/181
   
 3,065,000
   
 3,582,219
 
Radian Group, Inc.
             
2.25% due 03/01/191
   
 2,677,000
   
 2,917,930
 
American Realty Capital Properties, Inc.
             
3.00% due 08/01/18
   
 3,100,000
   
 2,917,875
 
iStar, Inc.
             
3.00% due 11/15/161
   
 2,796,000
   
 2,830,950
 
PRA Group, Inc.
             
3.00% due 08/01/201
   
 3,217,000
   
 2,527,356
 
Extra Space Storage, LP
             
3.13% due 10/01/351,5
   
 2,139,000
   
 2,395,680
 
Encore Capital Group, Inc.
             
2.88% due 03/15/21
   
 2,426,000
   
 1,469,246
 
Element Financial Corp.
             
4.25% due 06/30/205
   
 550,000 CAD
   
 383,017
 
Total Financial
         
 43,740,705
 
Consumer, Cyclical -  5.3%
             
Iconix Brand Group, Inc.
             
2.50% due 06/01/161
   
 7,600,000
   
 6,806,749
 
CalAtlantic Group, Inc.
             
1.25% due 08/01/321
   
 3,849,000
   
 4,051,072
 
0.25% due 06/01/19
   
 2,675,000
   
 2,359,016
 
GNC Holdings, Inc.
             
1.50% due 08/15/205
   
 1,951,000
   
 1,485,199
 
Fiat Chrysler Automobiles N.V.
             
7.88% due 12/15/161
   
 22,800
   
 1,466,325
 
Tesla Motors, Inc.
             
1.25% due 03/01/211
   
 1,706,000
   
 1,379,728
 
Meritor, Inc.
             
7.88% due 03/01/261
   
 1,097,000
   
 1,187,503
 
Total Consumer, Cyclical
         
 18,735,592
 
Industrial -  3.5%
             
Dycom Industries, Inc.
             
0.75% due 09/15/215
   
 2,489,000
   
 2,450,108
 
Vishay Intertechnology, Inc.
             
2.25% due 11/15/401
   
 2,239,000
   
 2,078,072
 
               
     
Face
       
     
Amount~
   
Value
 
CONVERTIBLE BONDS†† - 80.0% (continued)
             
Industrial -  3.5% (continued)
             
RTI International Metals, Inc.
             
1.63% due 10/15/19
  $
1,759,000
  $
1,651,261
 
SunPower Corp.
             
4.00% due 01/15/235
   
 1,219,000
   
 1,312,711
 
Greenbrier Companies, Inc.
             
3.50% due 04/01/181
   
 1,138,000
   
 1,192,766
 
Cemex SAB de CV
             
3.72% due 03/15/20
   
 1,441,000
   
 1,024,011
 
Echo Global Logistics, Inc.
             
2.50% due 05/01/201
   
 1,137,000
   
 986,348
 
Atlas Air Worldwide Holdings, Inc.
             
2.25% due 06/01/22
   
 1,134,000
   
 880,268
 
BW Group Ltd.
             
1.75% due 09/10/19
   
 600,000
   
 538,800
 
Total Industrial
         
 12,114,345
 
Utilities -  1.7%
             
CenterPoint Energy, Inc.
             
4.18% due 09/15/291,7
   
 75,508
   
 4,497,445
 
NRG Yield, Inc.
             
3.25% due 06/01/201,5
   
 1,663,000
   
 1,371,975
 
Total Utilities
         
 5,869,420
 
Basic Materials -  0.3%
             
B2Gold Corp.
             
3.25% due 10/01/181
   
 1,375,000
   
 1,122,344
 
Total Convertible Bonds
             
(Cost $301,681,452)
         
280,763,792
 
CORPORATE BONDS†† - 49.0%
             
Consumer, Non-cyclical -  9.0%
             
Prospect Medical Holdings, Inc.
             
8.38% due 05/01/191,5
   
 4,096,000
   
 4,223,386
 
Tenet Healthcare Corp.
             
6.00% due 10/01/201
   
 1,700,000
   
 1,806,250
 
4.50% due 04/01/211
   
 1,745,000
   
 1,718,825
 
Valeant Pharmaceuticals International, Inc.
             
6.13% due 04/15/251,5
   
 3,633,000
   
 3,274,241
 
HealthSouth Corp.
             
5.75% due 09/15/251,5
   
 2,625,000
   
 2,558,850
 
HCA, Inc.
             
5.00% due 03/15/241
   
 2,275,000
   
 2,309,125
 
CHS/Community Health Systems, Inc.
             
6.88% due 02/01/221
   
 2,272,000
   
 2,067,520
 
Concordia Healthcare Corp.
             
9.50% due 10/21/225
   
 1,750,000
   
 1,719,375
 
IASIS Healthcare LLC / IASIS Capital Corp.
             
8.38% due 05/15/19
   
 1,739,000
   
 1,639,008
 
United Rentals North America, Inc.
             
5.50% due 07/15/251
   
 1,750,000
   
 1,568,438
 
Land O'Lakes Capital Trust I
             
7.45% due 03/15/285
   
 1,500,000
   
 1,567,500
 
Spectrum Brands, Inc.
             
5.75% due 07/15/251,5
   
 1,500,000
   
 1,545,000
 
 
 
 

 
 
 
Advent Claymore Convertible Securities & Income Fund
 
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2016
   
 
               
     
Face
       
     
Amount~
   
Value
 
CORPORATE BONDS†† - 49.0% (continued)
             
Consumer, Non-cyclical -  9.0% (continued)
             
Sotheby's
             
5.25% due 10/01/221,5
  $
1,667,000
  $
1,508,635
 
Molina Healthcare, Inc.
             
5.38% due 11/15/225
   
 1,000,000
   
 1,000,000
 
Endo Limited / Endo Finance LLC / Endo Finco, Inc.
             
6.00% due 02/01/251,5
   
 1,000,000
   
 992,620
 
Cenveo Corp.
             
8.50% due 09/15/225
   
 2,000,000
   
 970,000
 
Ahern Rentals, Inc.
             
7.38% due 05/15/231,5
   
 1,300,000
   
 955,500
 
Land O' Lakes, Inc.
             
6.00% due 11/15/225
   
 19,000
   
 19,855
 
Total Consumer, Non-cyclical
         
 31,444,128
 
Financial -  8.3%
             
Credit Agricole S.A.
             
7.88%1,3,5,10
   
 6,675,000
   
 6,515,453
 
Synovus Financial Corp.
             
7.88% due 02/15/191
   
 3,154,000
   
 3,457,572
 
5.13% due 06/15/171
   
 301,000
   
 307,773
 
Corrections Corporation of America
             
4.63% due 05/01/231
   
 2,075,000
   
 2,054,250
 
5.00% due 10/15/22
   
 550,000
   
 560,313
 
Alliance Data Systems Corp.
             
6.38% due 04/01/201,5
   
 2,250,000
   
 2,278,125
 
E*TRADE Financial Corp.
             
4.63% due 09/15/231
   
 2,208,000
   
 2,180,400
 
Ally Financial, Inc.
             
3.25% due 11/05/18
   
 1,167,000
   
 1,146,578
 
5.13% due 09/30/241
   
 825,000
   
 839,438
 
Credit Acceptance Corp.
             
7.38% due 03/15/231,5
   
 1,650,000
   
 1,600,499
 
Nationstar Mortgage LLC / Nationstar Capital Corp.
             
9.63% due 05/01/191
   
 1,500,000
   
 1,561,875
 
International Lease Finance Corp.
             
8.75% due 03/15/17
   
 1,380,000
   
 1,453,968
 
CIT Group, Inc.
             
5.00% due 05/15/171
   
 1,380,000
   
 1,412,775
 
Navient Corp.
             
6.00% due 01/25/171
   
 1,380,000
   
 1,400,700
 
Equinix, Inc.
             
5.75% due 01/01/251
   
 1,191,000
   
 1,229,708
 
DuPont Fabros Technology, LP
             
5.63% due 06/15/231
   
 1,100,000
   
 1,108,250
 
Total Financial
         
 29,107,677
 
Energy -  6.9%
             
Cimarex Energy Co.
             
4.38% due 06/01/241
   
 2,200,000
   
 1,929,156
 
PBF Holding Company LLC / PBF Finance Corp.
             
7.00% due 11/15/235
   
 1,976,000
   
 1,810,510
 
Continental Resources, Inc.
             
5.00% due 09/15/22
   
 2,500,000
   
 1,759,375
 
Sabine Pass Liquefaction LLC
             
6.25% due 03/15/221
   
 1,750,000
   
 1,620,938
 
               
     
Face
       
     
Amount~
   
Value
 
CORPORATE BONDS†† - 49.0% (continued)
             
Energy -  6.9% (continued)
             
CONSOL Energy, Inc.
             
8.00% due 04/01/231
  $
2,375,000
  $
1,603,125
 
Western Refining, Inc.
             
6.25% due 04/01/211
   
 1,718,000
   
 1,571,970
 
Kinder Morgan Energy Partners, LP
             
3.95% due 09/01/22
   
 1,750,000
   
 1,535,021
 
Diamondback Energy, Inc.
             
7.63% due 10/01/21
   
 1,482,000
   
 1,482,000
 
Genesis Energy Limited Partnership / Genesis Energy Finance Corp.
             
6.00% due 05/15/231
   
 1,896,000
   
 1,450,440
 
Tesoro Logistics Limited Partnership / Tesoro Logistics Finance Corp.
             
6.13% due 10/15/211
   
 1,500,000
   
 1,365,000
 
SESI LLC
             
6.38% due 05/01/191
   
 1,625,000
   
 1,182,188
 
Marathon Oil Corp.
             
3.85% due 06/01/251
   
 1,625,000
   
 1,165,651
 
Western Refining Logistics Limited Partnership / WNRL Finance Corp.
             
7.50% due 02/15/231
   
 1,210,000
   
 1,107,150
 
Calumet Specialty Products Partners Limited Partnership / Calumet Finance Corp.
             
6.50% due 04/15/211
   
 1,375,000
   
 996,875
 
Kerr-McGee Corp.
             
6.95% due 07/01/24
   
 1,000,000
   
 994,001
 
Murphy Oil Corp.
             
3.70% due 12/01/22
   
 1,588,000
   
 918,774
 
Concho Resources, Inc.
             
5.50% due 04/01/231
   
 988,000
   
 901,046
 
Weatherford International Ltd.
             
5.13% due 09/15/20
   
 750,000
   
 538,125
 
Hess Corp.
             
3.50% due 07/15/24
   
 550,000
   
 452,434
 
Total Energy
         
 24,383,779
 
Industrial -  6.8%
             
Navios Maritime Acquisition Corporation / Navios Acquisition Finance US, Inc.
           
8.13% due 11/15/211,5
   
 3,601,000
   
 2,876,299
 
Masco Corp.
             
4.45% due 04/01/251
   
 2,500,000
   
 2,506,250
 
MasTec, Inc.
             
4.88% due 03/15/231
   
 2,612,000
   
 2,200,610
 
Reynolds Group Issuer Incorporated / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu
           
7.13% due 04/15/191
   
 2,103,000
   
 2,145,060
 
TransDigm, Inc.
             
6.50% due 07/15/24
   
 2,125,000
   
 2,087,812
 
Eletson Holdings, Inc.
             
9.63% due 01/15/221,5
   
 2,183,000
   
 1,866,464
 
 
 
 

 
 
Advent Claymore Convertible Securities & Income Fund
 
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2016
   
 
               
     
Face
       
     
Amount~
   
Value
 
CORPORATE BONDS†† - 49.0% (continued)
             
Industrial -  6.8% (continued)
             
Energizer Holdings, Inc.
             
5.50% due 06/15/251,5
  $
1,925,000
  $
1,795,063
 
Cleaver-Brooks, Inc.
             
8.75% due 12/15/191,5
   
 1,875,000
   
 1,771,875
 
Boise Cascade Co.
             
6.38% due 11/01/201
   
 1,725,000
   
 1,759,500
 
KLX, Inc.
             
5.88% due 12/01/221,5
   
 1,754,000
   
 1,648,585
 
Waterjet Holdings, Inc.
             
7.63% due 02/01/201,5
   
 1,472,000
   
 1,464,640
 
Dispensing Dynamics International
             
12.50% due 01/01/185
   
 925,000
   
 869,500
 
Navios Maritime Holdings Incorporated / Navios Maritime Finance II US Inc
             
7.38% due 01/15/221,5
   
 2,005,000
   
 729,319
 
Total Industrial
         
 23,720,977
 
Communications -  5.4%
             
Frontier Communications Corp.
             
11.00% due 09/15/251,5
   
 3,000,000
   
 2,902,499
 
Sprint Communications, Inc.
             
7.00% due 03/01/201,5
   
 2,975,000
   
 2,870,875
 
CenturyLink, Inc.
             
6.75% due 12/01/231
   
 3,000,000
   
 2,850,000
 
EarthLink Holdings Corp.
             
7.38% due 06/01/201
   
 1,962,000
   
 1,981,620
 
West Corp.
             
5.38% due 07/15/221,5
   
 2,250,000
   
 1,904,063
 
Neptune Finco Corp.
             
10.88% due 10/15/255
   
 1,525,000
   
 1,616,500
 
Intelsat Jackson Holdings S.A.
             
7.25% due 10/15/20
   
 915,000
   
 791,475
 
7.50% due 04/01/21
   
 525,000
   
 451,500
 
ViaSat, Inc.
             
6.88% due 06/15/201
   
 1,143,000
   
 1,204,436
 
Radio One, Inc.
             
7.38% due 04/15/221,5
   
 1,100,000
   
 988,625
 
Telesat Canada / Telesat LLC
             
6.00% due 05/15/171,5
   
 650,000
   
 656,500
 
GCI, Inc.
             
6.88% due 04/15/25
   
 614,000
   
 604,790
 
Hughes Satellite Systems Corp.
             
6.50% due 06/15/191
   
 270,000
   
 296,663
 
Total Communications
         
 19,119,546
 
Basic Materials -  5.0%
             
Celanese US Holdings LLC
             
5.88% due 06/15/211
   
 2,534,000
   
 2,698,710
 
4.63% due 11/15/221
   
 1,750,000
   
 1,701,875
 
Blue Cube Spinco, Inc.
             
10.00% due 10/15/251,5
   
 1,750,000
   
 1,898,750
 
Steel Dynamics, Inc.
             
5.50% due 10/01/24
   
 1,730,000
   
 1,565,650
 
St. Barbara Ltd.
             
8.88% due 04/15/185
   
 1,500,000
   
 1,462,500
 
Commercial Metals Co.
             
4.88% due 05/15/231
   
 1,480,000
   
 1,237,650
 
               
     
Face
       
     
Amount~
   
Value
 
CORPORATE BONDS†† - 49.0% (continued)
             
Basic Materials -  5.0% (continued)
             
Sappi Papier Holding GmbH
             
6.63% due 04/15/211,5
  $
1,200,000
  $
1,224,000
 
Compass Minerals International, Inc.
             
4.88% due 07/15/241,5
   
 1,250,000
   
 1,150,000
 
Novasep Holding SAS
             
8.00% due 12/15/165
   
 958,000
   
 936,445
 
Tronox Finance LLC
             
7.50% due 03/15/225
   
 1,375,000
   
 831,875
 
First Quantum Minerals Ltd.
             
7.00% due 02/15/215
   
 1,628,000
   
 744,810
 
A Schulman, Inc.
             
6.88% due 06/01/235
   
 792,000
   
 716,760
 
TPC Group, Inc.
             
8.75% due 12/15/205
   
 1,000,000
   
 670,000
 
Hexion, Inc.
             
8.88% due 02/01/18
   
 825,000
   
 565,125
 
FMG Resources August 2006 Pty Ltd.
             
9.75% due 03/01/225
   
 320,000
   
 279,200
 
Total Basic Materials
         
 17,683,350
 
Consumer, Cyclical -  5.0%
             
Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp.
             
5.63% due 10/15/211
   
 3,000,000
   
 3,104,999
 
Dana Holding Corp.
             
5.50% due 12/15/241
   
 1,676,000
   
 1,513,638
 
5.38% due 09/15/21
   
 959,000
   
 929,031
 
MGM Resorts International
             
6.00% due 03/15/231
   
 1,100,000
   
 1,099,313
 
7.75% due 03/15/22
   
 800,000
   
 851,000
 
L Brands, Inc.
             
5.63% due 02/15/22
   
 1,500,000
   
 1,614,000
 
Scientific Games International, Inc.
             
10.00% due 12/01/22
   
 2,000,000
   
 1,400,000
 
Global Partners Limited Partnership / GLP Finance Corp.
             
6.25% due 07/15/221
   
 1,375,000
   
 969,375
 
7.00% due 06/15/23
   
 499,000
   
 361,775
 
Brookfield Residential Properties, Inc.
             
6.38% due 05/15/251,5
   
 1,500,000
   
 1,271,250
 
Regal Entertainment Group
             
5.75% due 02/01/25
   
 1,291,000
   
 1,250,656
 
Speedway Motorsports, Inc.
             
5.13% due 02/01/231
   
 1,100,000
   
 1,102,750
 
First Cash Financial Services, Inc.
             
6.75% due 04/01/211
   
 1,110,000
   
 1,079,475
 
Travelex Financing plc
             
8.00% due 08/01/181,5
   
 725,000 GBP
   
 1,060,345
 
Total Consumer, Cyclical
         
 17,607,607
 
Technology -  2.1%
             
Qorvo, Inc.
             
7.00% due 12/01/251,5
   
 3,000,000
   
 2,985,000
 
 
 

 
 
Advent Claymore Convertible Securities & Income Fund
 
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2016
   
 
               
     
Face
       
     
Amount~
   
Value
 
CORPORATE BONDS†† - 49.0% (continued)
             
Technology -  2.1% (continued)
             
NXP BV / NXP Funding LLC
             
5.75% due 02/15/211,5
  $
2,000,000
  $
2,077,500
 
First Data Corp.
             
5.38% due 08/15/235
   
 1,100,000
   
 1,124,750
 
ACI Worldwide, Inc.
             
6.38% due 08/15/201,5
   
 1,000,000
   
 1,028,750
 
Total Technology
         
 7,216,000
 
Diversified -  0.5%
             
Horizon Pharma Financing, Inc.
             
6.63% due 05/01/231,5
   
 1,875,000
   
 1,696,875
 
Total Corporate Bonds
             
(Cost $183,709,230)
         
171,979,939
 
SENIOR FLOATING RATE INTERESTS††,10 - 1.0%
             
Consumer, Non-cyclical -  0.6%
             
Sprint Industrial Holdings LLC
             
11.25% due 11/14/19
   
 1,650,000
   
 1,262,251
 
Caraustar Industries, Inc.
             
8.00% due 05/01/19
   
 876,145
   
 861,178
 
Total Consumer, Non-cyclical
         
 2,123,429
 
Basic Materials -  0.4%
             
Fortescue Resources August 2006 Pty Ltd.
             
4.25% due 06/30/19
   
 1,671,450
   
 1,167,926
 
               
     
Face
       
     
Amount~
   
Value
 
SENIOR FLOATING RATE INTERESTS††,10 - 1.0% (continued)
             
Basic Materials -  0.4% (continued)
             
Vertellus Specialties, Inc.
             
10.50% due 10/31/19
   
$532,250
   
$379,893
 
Total Basic Materials
         
 1,547,819
 
Total Senior Floating Rate Interests
             
(Cost $4,374,398)
         
3,671,248
 
Total Investments - 172.9%
             
(Cost $649,521,666)
       
$
606,899,858
 
               
     
Contracts
(100 shares
per contract)
   
Value
 
CALL OPTIONS WRITTEN,* - 0.0%
             
Biogen, Inc. Expiring February 2016 with strike price of $310.00
   
66
 
$
(1,980
)
Amgen, Inc. Expiring February 2016 with strike price of $165.00
   
122
   
(4,026
)
Mylan N.V. Expiring February 2016 with strike price of $57.50
   
247
   
(11,609
)
Time Warner, Inc. Expiring February 2016 with strike price of $75.00
   
321
   
(33,063
)
Total Call Options Written
             
(Premiums received $135,489)
         
(50,678
)
Other Assets & Liabilities, net - (72.9)%
         
(255,919,896
)
Total Net Assets - 100.0%
       
$
350,929,284
 
 
 

 
 
Advent Claymore Convertible Securities & Income Fund
 
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2016
   
 
*
Non-income producing security.
~
The face amount is denominated in U.S. Dollars, unless otherwise noted.
Value determined based on Level 1 inputs.
††
Value determined based on Level 2 inputs.
1
All or a portion of these securities have been physically segregated in connection with borrowings or reverse repurchase agreements. As of January 31, 2016, the total value of the positions segregated was $401,988,333.
2
All or a portion of these securities represent cover for outstanding written options. As of January 31, 2016, the total value of the positions segregated was $8,545,056.
3
Perpetual maturity.
4
Rate indicated is the 7-day yield as of January 31, 2016.
5
Security is a 144A or Section 4(a)(2) security. The total market value of 144A or Section 4(a)(2) securities is $120,860,095 (cost $131,163,909), or 34.4% of total net assets. These securities have been determined to be liquid under guildelines established by the Board of Trustees.
6
Zero coupon rate security.
7
Security is a step up/step down bond.  The coupon increases or decreases at regular intervals until the bond reaches full maturity.
8
Security becomes an accreting bond after March 1, 2018 with a 2.00% principal accretion rate.
9
Security is an accreting bond until December 15, 2017, with a 4.00% principal accretion rate, and then accretes at a 2.00% principal accretion rate until maturity.
10
Variable rate security. Rate indicated is rate effective at January 31, 2016.
 
BV
Limited Liability Company
CAD
Canadian Dollar
EUR
Euro
GBP
Great Britain Pound
GmbH
Limited Liability
N.V.
Publicly Traded Company
plc
Public Limited Company
Pty
Proprietary
S.A.
Corporation
SAB de CV
Publicly Traded Company
 
 
See Sector Classification in Supplemental Information section.

The following table summarizes the inputs used to value the Fund’s investments at January 31, 2016 (see Note 1 in the Notes to Schedule of Investments):
 
Description
 
Level 1
Quoted Prices
   
Level 2 Significant Observable Inputs
   
Level 3 Significant Unobservable Inputs
   
Total
 
Assets
                       
Convertible Bonds
 
$
-
   
$
280,763,792
   
$
-
   
$
280,763,792
 
Corporate Bonds
   
-
     
171,979,939
     
-
     
171,979,939
 
Senior Floating Rate Interests
   
-
     
3,671,248
     
-
     
3,671,248
 
Convertible Preferred Stocks
   
75,576,941
     
-
     
-
     
75,576,941
 
Common Stocks
   
40,193,587
     
-
     
-
     
40,193,587
 
Short Term Investments
   
34,714,351
     
-
     
-
     
34,714,351
 
Forward Foreign Currency Exchange Contracts
   
-
     
402,477
     
-
     
402,477
 
Total Assets
 
$
150,484,879
   
$
456,817,456
   
$
-
   
$
607,302,335
 
Liabilities
                               
Call Options Written
 
$
50,678
   
$
-
   
$
-
   
$
50,678
 
Forward Foreign Currency Exchange Contracts
   
-
     
40,631
     
-
     
40,631
 
Total Liabilities
 
$
50,678
   
$
40,631
   
$
-
   
$
91,309
 
 
Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes. Transfers between valuation levels, if any, are in comparison to the valuation levels at the end of the previous fiscal year, and are effective using the fair value as of the end of the current fiscal period.

For the period ended January 31, 2016, there were no transfers between levels.
 
 

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2016

For information on the Advent Claymore Convertible Securities and Income Fund’s (the “Fund”) policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.

Note 1 – Accounting Policies:
 
The Fund operates as an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services – Investment Companies.

The preparation of the financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from these estimates.

The following is a summary of the significant accounting policies followed by the Fund.

Equity securities listed on an exchange are valued at the last reported sale price on the primary exchange on which they are traded. Equity securities traded on an exchange or on the over-the-counter market and for which there are no transactions on a given day are valued at the mean of the closing bid and ask prices. Securities traded on NASDAQ are valued at the NASDAQ Official Closing Price. Equity securities not listed on a securities exchange or NASDAQ are valued at the mean of the closing bid and ask prices. Debt securities are valued by independent pricing services or dealers using the mean of the closing bid and ask prices for such securities or, if such prices are not available, at prices for securities of comparable maturity, quality and type. If sufficient market activity is limited or does not exist, the pricing providers or broker-dealers may utilize proprietary valuation models which consider market characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, or other unique security features in order to estimate relevant cash flows, which are then discounted to calculate a security’s fair value. Exchange-traded funds and listed closed-end funds are valued at the last sale price or official closing price on the exchange where the security is principally traded. Exchange-traded options are valued at the closing price, if traded that day. If not traded, they are valued at the mean of the bid and ask prices on the primary exchange on which they are traded. Futures contracts are valued using the settlement price established each day on the exchange on which they are traded. The value of OTC swap agreements entered into by the Fund is accounted for using the unrealized gain or loss on the agreements that is determined by marking the agreements to the last quoted value provided by an independent pricing service. Forward foreign currency exchange contracts are valued daily at current exchange rates. The Fund values money market funds at net asset value. Short-term securities with remaining maturities of 60 days or less are valued at market price, or if a market price is not available, at amortized cost, provided such amount approximates market value.

For those securities where quotations or prices are not available, the valuations are determined in accordance with procedures established in good faith by management and approved by the Board of Trustees. A valuation committee consisting of representatives from investment management, fund administration, legal and compliance is responsible for the oversight of the valuation process of the Fund and convenes monthly, or more frequently as needed. The valuation committee reviews monthly Level 3 fair valued securities methodology, price overrides, broker quoted securities, price source changes, illiquid securities, unchanged priced securities, halted securities, price challenges, fair valued securities sold and back testing trade prices in relation to prior day closing prices. On a quarterly basis, the valuations and methodologies of all Level 3 fair valued securities are presented to the Fund’s Board of Trustees.

Valuations in accordance with these procedures are intended to reflect each security’s (or asset’s) fair value. Such fair value is the amount that the Fund might reasonably expect to receive for the security (or asset) upon its current sale. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one security to another. Examples of such factors may include, but are not limited to: (i) the type of security, (ii) the initial cost of the security, (iii) the existence of any contractual restrictions on the security’s disposition, (iv) the price and extent of public trading in similar securities of the issuer or of comparable companies, (v) quotations or evaluated prices from broker-dealers and/or pricing services, (vi) information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange traded securities), (vii) an analysis of the company’s financial statements, and (viii) an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold (e.g. the existence of pending merger activity, public offerings or tender offers that might affect the value of the security). There were no securities fair valued in accordance with such procedures established by the Board of Trustees as of January 31, 2016.
 


GAAP requires disclosure of fair valuation measurements as of each measurement date. In compliance with GAAP, the Fund follows a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Fund’s own market assumptions (unobservable inputs). These inputs are used in determining the value of the Fund’s investments and summarized in the following fair value hierarchy:

Level 1 – quoted prices in active markets for identical securities

Level 2 – quoted prices in inactive markets or other significant observable inputs (e.g. quoted prices for similar securities; interest rates; prepayment speed; credit risk; yield curves)

Level 3 – significant unobservable inputs (e.g. discounted cash flow analysis; non-market based methods used to determine fair value)

Observable inputs are those based upon market data obtained from independent sources, and unobservable inputs reflect the Fund’s own assumptions based on the best information available. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input both individually and in aggregate that is significant to the fair value measurement. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following are certain inputs and techniques that are generally utilized to evaluate how to classify each major type of investment in accordance with GAAP.

Equity Securities (Common and Preferred Stock) – Equity securities traded in active markets where market quotations are readily available are categorized as Level 1. Equity securities traded in inactive markets and certain foreign equities are valued using inputs which include broker quotes, prices of securities closely related where the security held is not trading but the related security is trading, and evaluated price quotes received from independent pricing providers. To the extent that these inputs are observable, such securities are categorized as Level 2. To the extent that these inputs are unobservable, such securities are categorized as Level 3.

Convertible Bonds & Notes – Convertible bonds and notes are valued by independent pricing providers who employ matrix pricing models utilizing various inputs such as market prices, broker quotes, prices of securities with comparable maturities and qualities, and closing prices of corresponding underlying securities. To the extent that these inputs are observable, such securities are categorized as Level 2. To the extent that these inputs are unobservable, such securities are categorized as Level 3.

Corporate Bonds & Notes – Corporate bonds and notes are valued by independent pricing providers who employ matrix pricing models utilizing various inputs such as market prices, broker quotes, and prices of securities with comparable maturities and qualities, and closing prices of corresponding underlying securities. To the extent that these inputs are observable, such securities are categorized as Level 2. To the extent that these inputs are unobservable, such securities are categorized as Level 3.

Listed derivatives that are actively traded are valued based on quoted prices from the exchange and categorized in level 1 of the fair value hierarchy. Over-the-counter (OTC) derivative contracts including forward currency contracts, swap contracts and option contracts derive their value from underlying asset prices, indices, reference rates, and other inputs. Depending on the product and terms of the transaction, the fair value of the OTC derivative products can be modeled taking into account the counterparties’ creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments, and the pricing inputs are observed from actively quoted markets. These OTC derivatives are categorized within level 2 of the fair value hierarchy.

Note 2 – Federal Income Taxes:
 
As of January 31, 2016, the cost of investments and accumulated unrealized appreciation/depreciation on investments for federal income tax purposes were as follows:
 
Cost of
Investments for
Tax Purposes
   
Gross Tax
Unrealized
Appreciation
   
Gross Tax
Unrealized
Depreciation
   
Net Tax
Unrealized
Depreciation on
Investments
   
Net Tax
Unrealized
Appreciation on
Derivatives and
Foreign Currency
 
$651,336,430
   
 
$8,551,863
   
 
$(52,988,435
)
 
 
$(44,436,572
)
 
 
$446,657
 
 
 


 
Note 3 – Forward Foreign Currency Exchange Contracts:
As of January 31, 2016, the following forward foreign currency exchange contracts were outstanding:

Contracts to Buy
 
Counterparty
Settlement Date
 
Settlement Value
   
Value at 1/31/16
   
Net Unrealized
Appreciation
(Depreciation)
 
EUR
   
1,400,000
                       
for USD
   
1,524,992
 
The Bank of New York Mellon
3/16/2016
 
$
1,524,992
   
$
1,516,641
   
(8,351
)
EUR
   
2,444,000
                             
for USD
   
2,668,066
 
The Bank of New York Mellon
3/16/2016
   
2,668,066
     
2,647,623
     
(20,443
)
EUR
   
2,100,000
                             
for USD
   
2,283,792
 
The Bank of New York Mellon
3/16/2016
   
2,283,792
     
2,274,962
     
(8,830
)
EUR
   
279,000
                             
for USD
   
305,252
 
The Bank of New York Mellon
3/16/2016
   
305,252
     
302,245
     
(3,007
)
     
(40,631
)


Contracts to Sell
 
Counterparty
Settlement Date
 
Settlement Value
   
Value at 1/31/16
   
Net Unrealized
Appreciation
(Depreciation)
 
CAD
   
550,000
                       
for USD
   
401,021
 
The Bank of New York Mellon
3/16/2016
 
$
401,021
   
$
390,833
   
$
10,188
 
EUR
   
11,000,000
                             
for USD
   
12,127,390
 
The Bank of New York Mellon
3/16/2016
   
12,127,390
     
11,916,468
     
210,922
 
EUR
   
404,000
                             
for USD
   
442,644
 
The Bank of New York Mellon
3/16/2016
   
442,644
     
437,660
     
4,984
 
GBP
   
753,000
                             
for USD
   
1,139,568
 
The Bank of New York Mellon
3/16/2016
   
1,139,568
     
1,068,218
     
71,350
 
GBP
   
29,000
                             
for USD
   
41,656
 
The Bank of New York Mellon
2/1/2016
   
41,656
     
41,137
     
519
 
GBP
   
1,103,000
                             
for USD
   
1,669,247
 
The Bank of New York Mellon
3/16/2016
   
1,669,247
     
1,564,733
     
104,514
 
     
$
402,477
 
Total unrealized appreciation for forward foreign currency exchange contracts
   
$
361,846
 
 
 

SUPPLEMENTAL INFORMATION (Unaudited)

 
Sector Classification
Information in the “Schedule of Investments” is categorized by sectors using sector-level classifications used by Bloomberg Industry Classification System, a widely recognized industry classification system provider. In the Fund’s registration statement, the Fund has investment policies relating to concentration in specific industries. For purposes of these investment policies, the Fund usually classifies industries based on industry-level classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.

Item 2. Controls and Procedures.

(a) The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “Investment Company Act”)) as of a date within 90 days of the filing date of this report and have concluded based on such evaluation, that the registrant’s disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant on this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There was no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the registrant’s last fiscal quarter that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting.

Item 3. Exhibits.

A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act (17 CFR 270.30a-2(a)), is attached hereto.
 


SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Advent Claymore Convertible Securities and Income Fund

By:
/s/ Tracy V. Maitland
Tracy V. Maitland
President and Chief Executive Officer

Date:     March 29, 2016

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:
/s/ Tracy V. Maitland
Tracy V. Maitland
President and Chief Executive Officer

Date:     March 29, 2016

By:
/s/ Robert White
Robert White
Treasurer and Chief Financial Officer

Date:     March 29, 2016