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 811-21903

Nuveen Global Value Opportunities Fund

(Exact name of registrant as specified in charter)

     333 West Wacker Drive, Chicago, Illinois 60606     
(Address of principal executive offices) (Zip code)

Kevin J. McCarthy—Vice President and Secretary
     333 West Wacker Drive, Chicago, Illinois 60606     
(Name and address of agent for service)

Registrant’s telephone number, including area code:      312-917-7700     

Date of fiscal year end:        12/31      

Date of reporting period:    9/30/2010   

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, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

Nuveen Global Value Opportunities Fund (JGV)

Portfolio of Investments
September 30, 2010(Unaudited)

Shares			Description (1)								Value
			Common Stocks – 77.8%
			Aerospace & Defense – 4.3%
	12,605		Embracer – Empresa Brasileiras de Aeronautica S/A, ADR								$	357,856
	86,000		Lockheed Martin Corporation, (8)									6,130,080
	253,300		Thales S.A.									9,257,796
			Total Aerospace & Defense									15,745,732
			Capital Markets – 1.2%
	105,413		EGF – Hermes Holdings SAE									536,971
	79,854		GP Investments, GDR									293,553
	205,800		UBS AG, (2), (8)									3,504,774
			Total Capital Markets									4,335,298
			Chemicals – 0.2%
	56,400		Fertilizantes Heringer LTDA, (2)									239,000
	41,601		Omnia Holdings Limited, (2)									381,379
			Total Chemicals									620,379
			Commercial Banks – 0.5%
	48,800		Bangkok Bank Public Company Limited NVDR									250,834
	4,229,113		First Bank of Nigeria PLC									301,024
	2,730		ICICI Bank Limited, ADR									136,091
	67,615		Kazkommertsbank, 144A, (2) GDR									415,832
	880,600		Krung Thai Bank Public Company Limited, Foreign Shares, (9)									490,351
	5,655,208		Zenith Bank PLC									453,763
			Total Commercial Banks									2,047,895
			Commercial Services & Supplies – 1.0%
	455,000		Toppan Printing Company Limited									3,559,116
			Communications Equipment – 2.0%
	371,600		Telefonaktiebolaget LM Ericsson, ADR, (8)									4,076,452
	315,000		Nokia Corporation, ADR, (8)									3,159,450
			Total Communications Equipment									7,235,902
			Construction Materials – 0.2%
	43,426		Cemex SAB de CV, Sponsored ADR									369,121
	142,140		India Cements Limited, GDR									370,559
	478,000		Luks Group Vietnam Holdings Company Limited									177,428
			Total Construction Materials									917,108
			Diversified Financial Services – 0.4%
	139,000		Guoco Group Ltd									1,532,630
			Diversified Telecommunication Services – 4.5%
	20,029		China Unicom Limited, ADR									291,622
	292,000		Deutsche Telekom AG, ADR, (8), (9)									3,979,960
	98,979		KT Corporation, Sponsored ADR									2,025,110
	231,800		Nippon Telegraph and Telephone Corporation, ADR, (8)									5,081,056
	4,442		PT Telekomunikasi Indonesia, ADR									183,410
	183,832		Telecom Egypt SAE									565,090
	4,000,000		Telecom Italia S.p.A.									4,506,906
			Total Diversified Telecommunication Services									16,633,154
			Electric Utilities – 3.7%
	397,327		Centrais Electricas Brasileiras S.A., PFD B ADR									5,944,012
	30,379		Centrais Electricas Brasileiras S.A., ADR									390,370
	11,300		Centrais Electricas Brasileiras S.A., ADR									143,988
	34,500		Electricite de France S.A., (8)									1,488,097
	266,458		Korea Electric Power Corporation, Sponsored ADR, (8)									3,445,302
	5,151,300		OGK-3-CLS									277,398
	45,695		Pampa Energia S.A., ADR									525,036
	22,000		Progress Energy, Inc., (8)									977,240
	105,342		RusHydro, (2) GDR									542,511
			Total Electric Utilities									13,733,954
			Electrical Equipment – 0.6%
	5,700		Areva CI									2,394,099
			Electronic Equipment & Instruments – 0.0%
	34,123		China Security and Surveillance Techology, Inc., (2)									189,724
			Food & Staples Retailing – 3.2%
	222,100		Wal-Mart Stores, Inc., (8)									11,886,792
			Food Products – 4.0%
	48,800		BrasilAgro, (2)									284,090
	21,418		Cresud S.A.C.I.F., yA, ADR									343,545
	191,944		Gruma S.A.B de C.V, (2)									273,408
	11,139		Industrias Bachoco S.A.B. de C.V., ADR									211,084
	28,100		SLC Agricola S.A.									309,897
	406,500		Smithfield Foods, Inc., (2), (8)									6,841,395
	411,000		Tyson Foods, Inc., Class A, (8)									6,584,220
			Total Food Products									14,847,639
			Health Care Providers & Services – 2.0%
	230,000		Aetna, Inc., (8)									7,270,300
			Hotels Restaurants & Leisure – 0.1%
	1,386,000		NagaCorp Limited									244,730
			Household Durables – 1.2%
	15,780		LG Electronics Inc. PFD									524,501
	587,303		Oriental Weavers Group									3,404,356
	199,218		Turk Sise ve Cam Fabrikalari S.A.									355,316
			Total Household Durables									4,284,173
			Independent Power Producers & Energy Traders – 0.1%
	895,950		Energy Development Corporation									124,333
	9,825		Huaneng Power International Inc., Sponsored ADR									243,267
			Total Independent Power Producers & Energy Traders									367,600
			Internet Software & Services – 1.3%
	196,300		eBay, Inc., (2), (8)									4,789,720
			Marine – 0.9%
	210,000		Stolt-Nielsen S.A.									3,329,706
			Metals & Mining – 18.5%
	213,336		AngloGold Ashanti Limited, Sponsored ADR, (8)									9,864,657
	117,515		Banro Corporation, (2)									267,261
	308,100		Barrick Gold Corporation, (8)									14,261,949
	38,320		First Uranium Corporation, (2)									31,657
	23,557		Gabriel Resources, Limited, (2)									136,456
	131,200		Geovic Mining Corporation, (2)									99,462
	663,253		Gold Fields Limited, Sponsored ADR, (8)									10,127,873
	4,558		Impala Platinum Holdings Limited, Sponsored ADR, (9)									118,189
	4,550		Impala Platinum Holdings Limited									117,499
	112,909		Ivanhoe Mines Ltd., (2), (8)									2,643,200
	362,698		MagIndustries Corp., (2)									107,516
	140,122		Medoro Resources Limited									257,392
	198,000		Newmont Mining Corporation, (8)									12,436,380
	1,655,998		NovaGold Resources Inc., 144A (2)									14,473,423
	121,000		Polyus Gold Company, ADR (9)									3,139,950
	19,801		Silver Standard Resources, Inc., (2)									395,624
	945,141		Simmer & Jack Mines, Ltd. (2)									130,173
			Total Metals & Mining									68,608,661
			Oil, Gas & Consumable Fuels – 21.2%
	150,000		Arch Coal, Inc., (8)									4,006,500
	413,000		BP PLC, Sponsored ADR, (8)									17,003,210
	507,600		Cameco Corporation, (8)									14,075,748
	136,000		Chevron Corporation, (8)									11,022,800
	67,000		ConocoPhillips, (8)									3,847,810
	220,700		Gazprom OAO, ADR									4,632,493
	36,000		Nexen, Inc.									723,600
	51,048		Petrobras Energia S.A., ADR									844,334
	1,453		PetroChina Company Limited, Sponsored ADR									169,158
	354,000		PetroChina Company Limited									411,997
	14,057		Petroleo Brasileiro, Sponsored ADR									461,351
	6,470,000		PT Medco Energi Internasional TBK									2,410,392
	65,500		Royal Dutch Shell PLC, Class B, Sponsored ADR, (8)									3,850,745
	8,286		S-Oil Corporation									512,311
	220,000		Suncor Energy, Inc., (8)									7,161,000
	538,000		Tesoro Corporation, (8)									7,187,680
			Total Oil, Gas & Consumable Fuels									78,321,129
			Pharmaceuticals – 4.1%
	55,500		AstraZeneca PLC, Sponsored ADR, (8)									2,813,850
	5,091		EGIS PLC									560,249
	83,000		Eli Lilly and Company, (8)									3,031,990
	62,000		Forest Laboratories, Inc., (2), (8)									1,917,660
	393,000		Pfizer Inc., (8)									6,747,810
			Total Pharmaceuticals									15,071,559
			Real Estate Management & Development – 0.2%
	401,913		Emaar Propoerties PJSC									408,183
	338,200		KLCC Property Holdings Berhad									362,631
			Total Real Estate Management & Development									770,814
			Software – 0.7%
	110,000		Microsoft Corporation, (8)									2,693,900
			Textiles, Apparel & Luxury Goods – 0.1%
	1,896,000		China Hongxing Sports Limited									259,509
			Tobacco – 0.1%
	25,683		Eastern Tobacco									572,939
			Trading Companies & Distributors – 0.9%
	219,000		Mitsui & Company Limited									3,258,241
			Water Utilities – 0.2%
	12,965		Companhia de Saneamento Basico do Estado de Sao Paulo, ADR									590,037
			Wireless Telecommunication Services – 0.4%
	7,338		MTN Group Ltd., ADR, (9)									134,212
	20,489		SK Telecom Company Limited, ADR									357,943
	700		SK Telecom Company Limited									105,284
	46,992		TIM Participacoes S.A.									151,363
	12,395		Turkcell Iletisim Hizmetleri A.S., ADR									207,740
	51,600		Turkcell Illetisim Hizmetleri A.S.									347,792
			Total Wireless Telecommunication Services									1,304,334
			Total Common Stocks (cost $258,730,769)									287,416,774
Shares			Description (1)	Coupon					Ratings (3)		Value
			Convertible Preferred Securities – 1.9%
			Communications Equipment – 1.9%
	8,508		Lucent Technologies Capital Trust I		7.750	%				B3	$	6,891,480
			Total Convertible Preferred Securities (cost $8,717,263)									6,891,480
Principal
Amount (000)			Description (1)	Coupon			Maturity		Ratings (3)		Value
			Mortgage-Backed Securities – 1.6%
			Residentials – 1.6%
$	17,040		Fannie Mae Mortgage Interest Strips Series 345-17 (I/O)		4.50	%		5/01/2020	AAA		$	1,640,154
	139		Fannie Mae Mortgage Pool 100195, (4)		3.48	%		8/20/2022	AAA			143,653
	138		Fannie Mae Mortgage Pool 357922		2.08	%		3/01/2034	AAA			143,620
	18		Fannie Mae Mortgage Pool 708743		2.21	%		6/01/2033	AAA			19,149
	61		Fannie Mae Mortgage Pool 713939		1.92	%		4/01/2033	AAA			62,808
	453		Fannie Mae Mortgage Pool 816594		2.26	%		2/01/2035	AAA			473,436
	357		Fannie Mae, Collateralized Mortgage Obligations, Series 2004-75, Class KI (I/O)		4.50	%		3/25/2018	AAA			12,238
	909		Fannie Mae, Collateralized Mortgage Obligations, Series 2004-86, Class KI (I/O)		4.50	%		5/25/2019	AAA			66,274
	1,383		Fannie Mae, Collateralized Mortgage Obligations, Series 2005-69, Class PI (I/O)		4.50	%		8/25/2025	AAA			53,889
	1,117		Federal Home Loan Collateralized Mortgage, Series 2595 (I/O)		5.00	%		6/15/2021	AAA			34,547
	1,236		Federal Home Loan Mortgage Corporation, Collateralized Mortgage Obligation, Pool 780184		2.63	%		1/01/2033	AAA			1,288,411
	49		Federal Home Loan Mortgage Corporation, Collateralized Mortgage Obligation, Pool 780284		2.70	%		2/01/2033	AAA			50,736
	1,010		Federal Home Loan Mortgage Corporation, Mortgage Pool 2640 (I/O)		4.50	%		8/15/2017	AAA			23,628
	464		Federal Home Loan Mortgage Corporation, Mortgage Pool 2890, Class IA (I/O)		4.50	%		3/15/2018	AAA			19,470
	496		Federal Home Loan Mortgage Corporation, Mortgage Pool 2890, Class KI (I/O)		4.50	%		2/15/2019	AAA			35,875
	780		Federal Home Loan Mortgage Corporation, Mortgage Pool, FHR 2906 EI (I/O)		4.50	%		1/15/2019	AAA			71,150
	282		Federal Home Loan Mortgage Corporation, Mortgage Pool, Series 2626 JI (I/O)		4.50	%		5/15/2018	AAA			28,405
	60		Federal Home Loan Mortgage Corporation, Pool 789045		2.63	%		2/01/2032	AAA			62,939
	1,464		GNMA Mortgage Pool 081832		4.00	%		1/20/2037	AAA			1,514,304
	27,456		Total Residentials									5,744,686
$	27,456		Total Mortgage-Backed Securities (cost $7,295,454)									5,744,686
Principal
Amount (000)			Description (1)	Coupon			Maturity		Ratings (3)		Value
			Convertible Bonds – 6.8%
			Energy Equipment & Services – 0.8%
$	3,350		Bristow Group		3.000	%		6/15/38	BB		$	3,040,125
			Health Care Providers & Services – 2.0%
	8,669		Omnicare, Inc.		3.250	%		12/15/35		B+		7,498,685
			Metals & Mining – 2.2%
	6,635		First Uranium Corporation		4.250	%		6/30/12	N/A			4,578,853
	4,480		Gold Reserve, Inc.		5.500	%		6/15/22		N/R		3,382,400
	11,115		Total Metals & Mining									7,961,253
			Oil, Gas & Consumable Fuels – 1.8%
	280		Dana Gas		7.500	%		10/31/12	N/A			268,407
	5,303		Delta Petroleum Corporation		3.750	%		5/01/37	CCC			4,202,628
	2,500		Goodrich Petroleum Corporation		5.000	%		10/01/29		N/R		2,287,500
	8,083		Total Oil, Gas & Consumable Fuels									6,758,535
$	31,217		Total Convertible Bonds (cost $23,607,655)									25,258,598
Principal
Amount (000)			Description (1)	Coupon			Maturity		Ratings (3)		Value
			Corporate Bonds – 9.9%
			Capital Markets – 0.2%
$	3,979		Lehman Brothers Holdings Inc., Trust 00650, (5)		5.920	%		7/26/21		N/R	$	835,590
			Construction Materials – 0.7%
	3,650		Cemex C5 Capitol Special Purpose Vehicle Limited, Series 2006, 144A		6.196	%		12/31/11		B-		2,408,299
			Diversified Telecommunication Services – 0.4%
	1,281		Telecom Italia Capital		4.875	%		10/01/10	BBB			1,281,000
			Energy Equipment & Services – 1.1%
	3,876		Calfrac Holdings LP, 144A		7.750	%		2/15/15		B+		3,934,140
			Media – 0.6%
	2,360		Scholastic Corporation		5.000	%		4/15/13	BB-			2,371,800
			Metals & Mining – 2.2%
	8,300		MagIndustries Corporation, (4), (6)		11.000	%		12/14/12		N/R		8,127,833
			Oil, Gas & Consumable Fuels – 2.5%
	5,773		Delta Petroleum Corporation		7.000	%		4/01/15	CCC			4,589,535
	4,050		Petroleos de Venezuela S.A.		4.900	%		10/28/14	N/R			2,596,050
	2,000		Ship Finance International Limited		8.500	%		12/15/13		B+		2,040,000
	11,823		Total Oil, Gas & Consumable Fuels									9,225,585
			Paper & Forest Products – 0.1%
	2,000		Bowater Inc., (5)		9.500	%		10/15/12		D		510,000
			Personal Products – 0.8%
	3,000		Elizabeth Arden Inc.		7.750	%		1/15/14		B1		3,033,750
			Road & Rail – 0.4%
	1,000		CSX Transportation, Inc.		9.750	%		6/15/20	BBB-			1,421,155
			Specialty Retail – 0.9%
	3,450		Office Depot Inc.		6.250	%		8/15/13		B-		3,424,126
$	44,719		Total Corporate Bonds (cost $36,466,331)									36,573,278
Shares			Description (1)								Value
			Equity Linked Certificates – 0.1%
			Wireless Telecommunication Services – 0.1%
	37,976		CLSA Asian Securities Prgramme, Equity Linked Certificates, Underlying Shares of Bharti AirTel Limited, 144A								$	309,539
			Total Equity Linked Certificates (cost $218,563)									309,539
Principal
Amount (000)			Description (1)	Coupon			Maturity				Value
			Short-Term Investments – 7.8%
$	28,842		Repurchase Agreement with State Street Bank, dated 9/30/10, repurchase price $28,842,177, collateralized by $27,480,000 U.S. Treasury Notes, 2.500%, due 4/30/15, value $29,422,836		0.080	%		10/01/10			$	28,842,113
			Total Short-Term Investments (cost $28,842,113)									28,842,113
			Total Investments (cost $363,878,148) – 105.9%									391,036,468
Shares			Description (1)								Value
			Common Stocks Sold Short – (3.9)%
			Chemicals – (0.4)%
	(24,500	)	Sigma-Aldrich Corporation								$	(1,479,310	)
			Food Products – (0.6)%
	(69,000	)	Green Mountain Coffee Roasters Inc., (2)									(2,152,110	)
			Hotels, Restaurants & Leisure – (0.8)%
	(8,700	)	Chipotle Mexican Grill, (2)									(1,496,400	)
	(16,500	)	P.F. Changs China Bistro, Inc.									(762,300	)
	(9,200	)	Panera Bread Company, (2)									(815,212	)
			Total Hotels, Restaurants & Leisure									(3,073,912	)
			Household Products – (0.2)%
	(14,000	)	Reckitt Benckiser Group PLC									(769,961	)
			Internet & Catalog Retail – (0.7)%
	(4,000	)	Amazon.com, Inc., (2)									(628,240	)
	(12,800	)	NetFlix.com Inc., (2)									(2,075,648	)
			Total Internet & Catalog Retail									(2,703,888	)
			Software – (0.2)%
	(8,300	)	Salesforce.com, Inc., (2)									(927,940	)
			Specialty Retail – (0.7)%
	(77,000	)	Urban Outfitters, Inc., (2)									(2,420,880	)
			Trading Companies & Distributors – (0.3)%
	(17,500	)	Fastenal Company									(930,825	)
			Total Common Stocks Sold Short (proceeds $11,559,934)									(14,458,826	)
			Other Assets Less Liabilities – (2.0)%									(7,200,575	)
			Net Assets – 100%								$	369,377,067
Investments in Derivatives
Put Options Purchased outstanding at September 30, 2010:
Number of				Notional			Expiration		Strike
Contracts			Type	Amount (7)			Date		Price		Value
			Put Options Purchased – 0.0%
	67		Autozone Inc.	$	1,340,000			1/21/12		200.00	$	93,130
	67		Total Put Options Purchased (cost $150,006)	$	1,340,000						$	93,130
Call Options Written outstanding at September 30, 2010:
Number of				Notional			Expiration		Strike
Contracts			Type	Amount (7)			Date		Price		Value
			Call Options Written – (4.9)%
	(2,300	)	Aetna Inc.	$	(6,900,000	)		1/22/11		30.00	$	(747,500	)
	(1,300	)	AngloGold Ashanti Limited		(5,200,000	)		1/22/11		40.00		(955,500	)
	(1,125	)	Arch Coal Inc.		(2,812,500	)		1/22/11		25.00		(388,125	)
	(555	)	AstraZeneca PLC		(2,497,500	)		1/22/11		45.00		(391,275	)
	(1,540	)	Barrick Gold Corporation		(6,160,000	)		1/22/11		40.00		(1,116,500	)
	(2,040	)	BP PLC		(7,140,000	)		1/22/11		35.00		(1,463,700	)
	(1,568	)	BP PLC		(8,624,000	)		1/22/11		55.00		(18,816	)
	(522	)	BP PLC		(3,393,000	)		1/22/11		65.00		(1,827	)
	(1,965	)	Cameco Corporation		(4,912,500	)		1/22/11		25.00		(727,050	)
	(1,842	)	Cameco Corporation		(6,447,000	)		1/22/11		35.00		(27,630	)
	(1,360	)	Chevron Corporation		(8,840,000	)		1/22/11		65.00		(2,254,200	)
	(670	)	ConocoPhillips		(3,015,000	)		1/22/11		45.00		(855,925	)
	(2,920	)	Deutsche Telekom AG		(2,920,000	)		1/22/11		10.00		(1,065,800	)
	(1,963	)	eBay, Inc.		(5,889,000	)		1/22/11		30.00		(47,112	)
	(345	)	Electricite de France S.A.		(1,449,000	)		12/18/10		42.00		(470	)
	(830	)	Eli Lilly & Company		(2,905,000	)		1/22/11		35.00		(186,750	)
	(620	)	Forest Laboratories Inc.		(1,860,000	)		1/22/11		30.00		(159,650	)
	(4,526	)	Gold Fields Limited		(5,657,500	)		1/22/11		12.50		(1,341,959	)
	(1,624	)	Gold Fields Limited		(2,436,000	)		1/22/11		15.00		(197,316	)
	(1,000	)	Ivanhoe Mines Ltd.		(2,000,000	)		1/22/11		20.00		(460,000	)
	(1,788	)	Korea Electric Power Corporation		(2,682,000	)		12/18/10		15.00		(26,820	)
	(860	)	Lockheed Martin Corporation		(6,450,000	)		1/22/11		75.00		(146,200	)
	(1,100	)	Microsoft Corporation		(3,410,000	)		10/16/10		31.00		(1,100	)
	(1,480	)	Newmont Mining Corporation		(7,400,000	)		1/22/11		50.00		(1,968,400	)
	(2,318	)	Nippon Telegraph & Telephone Corporation		(5,215,500	)		12/18/10		22.50		(115,900	)
	(3,150	)	Nokia Corporation		(2,835,000	)		1/22/11		9.00		(461,475	)
	(3,930	)	Pfizer Inc.		(6,877,500	)		1/22/11		17.50		(290,820	)
	(220	)	Progress Energy, Inc.		(880,000	)		10/16/10		40.00		(96,800	)
	(655	)	Royal Dutch Shell PLC		(3,930,000	)		10/16/10		60.00		(34,388	)
	(4,065	)	Smithfield Foods Inc.		(7,113,750	)		1/22/11		17.50		(497,963	)
	(1,650	)	Suncor Energy Inc.		(4,950,000	)		1/22/11		30.00		(627,000	)
	(1,858	)	Telefonaktiebolaget LM Ericsson		(2,322,500	)		1/22/11		12.50		(65,030	)
	(4,425	)	Tesoro Corporation		(5,531,250	)		1/22/11		12.50		(719,063	)
	(955	)	Tesoro Corporation		(1,432,500	)		1/22/11		15.00		(46,795	)
	(4,110	)	Tyson Foods, Inc.		(8,220,000	)		1/22/11		20.00		(82,200	)
	(2,058	)	UBS AG		(3,601,500	)		1/22/11		17.50		(236,670	)
	(1,000	)	Wal-Mart Stores Inc.		(5,250,000	)		1/22/11		52.50		(258,000	)
	(1,221	)	Wal-Mart Stores Inc.		(6,715,500	)		1/22/11		55.00		(152,015	)
	(67,458	)	Total Call Options Written (premiums received $17,617,202)	$	(175,875,000	)					$	(18,233,744	)

Fair Value Measurements

In determining the fair value of the Fund’s investments, various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of September 30, 2010:

	Level 1			Level 2		Level 3		Total
Investments:
Common Stocks*	$	279,554,112		$	7,862,662	$	—	$	287,416,774
Preferred Securities**		—			6,891,480		—		6,891,480
Mortgage-Backed Securities		—			5,601,033		143,653		5,744,686
Convertible Bonds		—			25,258,598		—		25,258,598
Corporate Bonds		—			28,445,445		8,127,833		36,573,278
Equity Linked Certificates		—			309,539		—		309,539
Short-Term Investments		28,842,113			—		—		28,842,113
Common Stocks Sold Short		(14,458,826	)		—		—		(14,458,826	)
Derivatives:
Put Options Purchased		93,130			—		—		93,130
Call Options Written		(18,233,744	)		—		—		(18,233,744	)
Total	$	275,796,785		$	74,368,757	$	8,271,486	$	358,437,028

*	Refer to the Fund’s Portfolio of Investments for industry breakdown of Common Stocks classified as level 2.
**	Preferred Securities includes Convertible Preferred Securities, $25 Par (or similar) Preferred Securities and Capital Preferred Securities held by the Fund at the end of the reporting period, if any.

The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:

	Level 3
	Mortgage-			Level 3
	Backed			Corporate		Level 3
	Securities			Bonds		Total
Balance at the beginning of period	$	154,581		$	7,511,500	$	7,666,081
Gains (losses):
Net realized gains (losses)		78			—		78
Net change in unrealized appreciation (depreciation)		7,337			523,987		531,324
Net purchases at cost (sales at proceeds)		(18,281	)		—		(18,281	)
Net discounts (premiums)		(62	)		92,346		92,284
Net transfers in to (out of) at end of period fair value		—			—		—
Balance at the end of period	$	143,653		$	8,127,833	$	8,271,486

The table below presents the transfers in and out of the three valuation levels for the Fund as of the end of the reporting period when compared to the valuation levels at the end of the previous fiscal year. Changes in the leveling of investments are primarily due to changes in the leveling methodologies, changes in the observability of inputs or changes in the pricing source used by the Fund.

Level 1			Level 2			Level 3
Transfers In		(Transfers Out)	Transfers In		(Transfers Out)	Transfers In	(Transfers Out)
$	22,528,061	$(4,470,311)	$	4,470,311	$(22,528,061)	$             —	$             —

Derivative Instruments and Hedging Activities

The Fund records derivative instruments at fair value, with changes in fair value recognized on the Statement of Operations, when applicable. Even though the Fund’s investments in derivatives may represent economic hedges, they are not considered to be hedge transactions for financial reporting purposes.

The following table presents the fair value of all derivative instruments held by the Fund as of September 30, 2010, the location of these instruments on the Statement of Assets and Liabilities, and the primary underlying risk exposure.

		Location on the Statement of Assets and Liabilities
Underlying	Derivative	Asset Derivatives			Liability Derivatives
Risk Exposure	Instrument	Location	Value		Location	Value
Equity Price	Options	Put options purchased, at value	$	93,130	Call options written, at value		$ 18,233,744

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to recognition of unrealized gain for tax (make-to-market) on passive foreign investment companies, the treatment of paydown gains and losses, recognition of premium amortization and timing differences in recognizing certain gains and losses in investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At September 30, 2010, the cost of investments (excluding securities sold short and investments in derivatives), was $376,851,885.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding securities sold short and investments in derivatives), at September 30, 2010, were as follows:

Gross unrealized:
Appreciation	$	53,991,405
Depreciation		(39,806,822	)
Net unrealized appreciation (depreciation) of investments	$	14,184,583

	For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.
(1)	All percentages shown in the Portfolio of Investments are based on net assets.
(2)	Non-income producing; issuer has not declared a dividend within the past twelve months.
(3)	Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
(4)	For fair value measurement disclosure purposes, investment categorized as Level 3.
(5)	This issue is under protection of the Federal Bankruptcy Court. As a result, the Fund’s Adviser has concluded this issue is not likely to meet its future interest payment obligations and has directed the Fund’s custodian to cease accruing additional income on the Fund’s records.
(6)	Investment valued at fair value, using methods determined in good faith by, or at the discretion of, the Board of Trustees.
(7)	For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100.
(8)	Investment, or portion of investment, has been pledged as collateral for call options written.
(9)	For fair value measurement disclosure purposes, Common Stock categorized as level 2.
144A	Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
ADR	American Depositary Receipt.
GDR	Global Depositary Receipt.
I/O	Interest only security.
NVDR	Non-Voting Depositary Receipt.
N/R	Not rated.
N/A	Not applicable.

Item 2. Controls and Procedures.

a.

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).

b.

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT 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.

(Registrant) Nuveen Global Value Opportunities Fund

By (Signature and Title)	/s/ Kevin J. McCarthy
	Kevin J. McCarthy
	Vice President and Secretary

Date November 29, 2010

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 (Signature and Title)	/s/ Gifford R. Zimmerman
	Gifford R. Zimmerman
	Chief Administrative Officer (principal executive officer)

Date November 29, 2010

By (Signature and Title)	/s/ Stephen D. Foy
	Stephen D. Foy
	Vice President and Controller (principal financial officer)

Date November 29, 2010