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:    3/31/2007   

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.

TABLE OF CONTENTS

	Item 1. Schedule of Investments
	Item 2. Controls and Procedures
	Item 3. Exhibits
SIGNATURES
Certification

Item 1. Schedule of Investments

Portfolio of Investments (Unaudited)

Nuveen Global Value Opportunities Fund (JGV)
March 31, 2007

Shares		Description	Value
		Common Stocks – 71.8%
		Aerospace & Defense – 1.7%
	112,600	Thales S.A.	$	6,537,111
		Chemicals – 0.8%
	124,500	Mosaic Company, (1)		3,319,170
		Commercial Services & Supplies – 2.5%
	801,600	Allied Waste Industries, Inc., (1)		10,092,144
		Construction & Engineering – 0.3%
	31,900	Shaw Group, Inc., (1)		997,513
		Consumer Finance – 5.8%
	334,000	Promise Company Limited, Unsponsored ADR		6,245,800
	418,700	Takefuji Corporation		16,806,271
		Total Consumer Finance		23,052,071
		Diversified Telecommunication Services – 6.8%
	553,950	Chunghwa Telecom Co., Ltd., Sponsored ADR		11,034,684
	476,200	KT Corporation, Sponsored ADR		10,662,118
	200,000	Nippon Telegraph and Telephone Corporation, ADR		5,282,000
		Total Diversified Telecommunication Services		26,978,802
		Electric Utilities – 2.8%
	349,900	Centrais Electricas Brasileiras S.A., ADR		3,805,163
	82,300	DTE Energy Company		3,942,170
	176,800	Korea Electric Power Corporation, Sponsored ADR		3,536,000
		Total Electric Utilities		11,283,333
		Electronic Equipment & Instruments – 1.5%
	166,400	Tech Data Corporation, (1)		5,958,784
		Food & Staples Retailing – 1.1%
	114,300	SUPERVALU, Inc.		4,465,701
		Food Products – 8.7%
	521,900	Smithfield Foods, Inc., (1)		15,630,905
	977,600	Tyson Foods, Inc., Class A		18,975,216
		Total Food Products		34,606,121
		Health Care Providers & Services – 0.6%
	50,000	Aetna, Inc.		2,189,500
	5,300	Apria Healthcare Group, Inc., (1)		170,925
		Total Health Care Providers & Services		2,360,425
		IT Services – 2.2%
	143,900	CDW Corporation		8,839,777
		Machinery – 2.0%
	149,700	AGCO Corporation, (1)		5,534,409
	221,960	Tecumseh Products Company, Class B, (1)		2,217,380
		Total Machinery		7,751,789
		Media – 1.2%
	181,800	Premiere AG, (1)		3,958,578
	20,000	Scholastic Corporation, (1)		622,000
		Total Media		4,580,578
		Metals & Mining – 19.3%
	214,300	Alcoa, Inc.		7,264,770
	130,000	Alumina Limited, Sponsored ADR		3,060,200
	287,600	AngloGold Ashanti Limited, Sponsored ADR		12,824,084
	900,000	Apex Silver Mines Limited, (1)		11,619,000
	467,600	Barrick Gold Corporation		13,349,980
	200,000	Ivanhoe Mines Ltd., (1)		2,296,000
	218,969	Kinross Gold Corporation, (1)		3,019,583
	4,245,000	Lihir Gold Limited, (1)		11,196,894
	270,700	Newmont Mining Corporation		11,366,693
		Total Metals & Mining		75,997,204
		Multi-Utilities – 1.5%
	223,900	Puget Energy, Inc.		5,749,752
		Oil, Gas & Consumable Fuels – 8.3%
	67,000	BP Amoco PLC		4,338,250
	120,000	Chevron Corporation		8,875,200
	154,000	Nexen, Inc.		9,440,200
	258,500	Peabody Energy Corporation		10,402,040
		Total Oil, Gas & Consumable Fuels		33,055,690
		Paper & Forest Products – 0.0%
	8,050	Domtar Corporation, (1)		74,946
		Pharmaceuticals – 0.8%
	770,000	Patheon, Inc., (1)		3,134,690
		Road & Rail – 1.2%
	46,500	Union Pacific Corporation		4,722,075
		Software – 0.5%
	77,600	Microsoft Corporation		2,162,712
		Transportation Infrastructure – 0.4%
	54,150	Stolt-Nielsen S.A., Sponsored ADR		1,597,967
		Wireless Telecommunication Services – 1.8%
	263,400	Vodafone Group PLC, Sponsored ADR		7,074,922
		Total Common Stocks (cost $260,508,786)		284,393,277

Principal
Amount (000)		Description	Coupon	Maturity	Ratings (2)	Value
		Mortgage-Backed Securities – 4.8%
		Residentials – 4.8%
$	250	Fannie Mae Mortgage Pool 100195	5.607%	8/20/22	AAA	$	251,129
	5,946	Fannie Mae Mortgage Pool 2003-86 IL (I/O)	4.500%	4/25/13	AAA		188,041
	277	Fannie Mae Mortgage Pool 357922	4.244%	3/01/34	AAA		274,161
	92	Fannie Mae Mortgage Pool 708743	4.281%	6/01/33	AAA		91,206
	169	Fannie Mae Mortgage Pool 713939	4.519%	4/01/33	AAA		168,594
	869	Fannie Mae Mortgage Pool 816594	4.917%	2/01/35	AAA		866,171
	32,810	Fannie Mae Mortgage Pool Strips 345-17 (I/O)	4.500%	5/01/20	AAA		5,067,448
	1,167	Fannie Mae, Collateralized Mortgage Obligations, Series 2004-75, Class KI (I/O)	4.500%	3/25/18	AAA		121,938
	2,165	Fannie Mae, Collateralized Mortgage Obligations, Series 2004-86, Class KI (I/O)	4.500%	5/25/19	AAA		287,162
	4,547	Fannie Mae, Collateralized Mortgage Obligations, Series 2005-69, Class PI (I/O)	4.500%	8/25/25	AAA		957,674
	7,514	Federal Home Loan Mortgage Corporation, Collateralized Mortgage Obligation, Pool 780184	4.734%	1/01/33	AAA		7,604,079
	1,627	Federal Home Loan Mortgage Corporation, Collateralized Mortgage Obligation, Pool 780284	4.922%	2/01/33	AAA		1,647,062
	1,353	Federal Home Loan Mortgage Corporation, Pool 2890, Class IA (I/O)	4.500%	3/15/18	AAA		158,264
	1,133	Federal Home Loan Mortgage Corporation, Pool 2890, Class IA (I/O)	4.500%	2/15/19	AAA		157,502
	161	Federal Home Loan Mortgage Corporation, Pool 789045	5.823%	2/01/32	AAA		161,603
	4,869	Freddie Mac Mortgage Pool 2640 (I/O)	4.500%	8/15/17	AAA		412,677
	2,969	Freddie Mac Mortgage Pool, FHR 2627 BI (I/O)	5.000%	8/15/25	AAA		309,166
	3,780	Freddie Mac Mortgage Pool, FHR 2872 JI (I/O)	4.500%	10/15/12	AAA		118,214
	1,706	Freddie Mac Mortgage Pool, FHR 2906 EI (I/O)	4.500%	1/15/19	AAA		218,282
	319	Freddie Mac Mortgage Pool, Series 2626 JI (I/O)	4.500%	5/15/18	AAA		79,399
	73,723	Total Residentials					19,139,772
$	73,723	Total Mortgage-Backed Securities (cost $19,377,643)					19,139,772

Principal
Amount (000)		Description	Coupon	Maturity	Ratings (2)	Value
		Convertible Bonds – 6.4%
		Aerospace & Defense – 0.9%
$	3,500	Edo Corporation, Convertible Note	4.000%	11/15/25	N/R	$	3,578,750
		Airlines – 1.6%
	6,438	JetBlue Airways Corporation	3.500%	7/15/33	CCC+		6,236,813
		Computers & Peripherals – 0.2%
	1,000	Quantum Corporation	4.375%	8/01/10	CCC+		953,750
		Machinery – 0.5%
	2,000	Albany International Corporation, Convertible Bond	2.250%	3/15/26	N/R		1,972,500
		Metals & Mining – 1.5%
	6,555	Coeur d’Alene Mines Corporation, Convertible Bond	1.250%	1/15/24	B-		6,006,018
		Oil, Gas & Consumable Fuels – 1.0%
	4,000	Peabody Energy Corp., Convertible Bond	4.750%	12/15/66	Ba3		3,975,000
		Semiconductors & Equipment – 0.7%
	3,000	Credence Systems Corporation, Convertible Bond	1.500%	5/15/08	N/R		2,820,000
$	26,493	Total Convertible Bonds (cost $24,539,133)					25,542,831

Principal
Amount (000)		Description	Coupon	Maturity	Ratings (2)	Value
		Corporate Bonds – 7.6%
		Auto Components – 0.5%
$	2,000	Lear Corporation, Series B	8.110%	5/15/09	B3	$	2,025,000
		Capital Markets – 0.8%
	3,666	Lehman Brothers Holdings, Inc., Trust 00650	10.000%	7/26/21	A+		3,267,323
		Diversified Financial Services – 1.6%
	4,500	Lehman Brothers Holdings	10.000%	3/07/22	A+		4,495,820
	2,000	Leucadia National Corporation	7.000%	8/15/13	BB		2,020,000
	6,500	Total Diversified Financial Services					6,515,820
		Electrical Equipment – 0.7%
	2,650	UCAR Finance, Inc.	10.250%	2/15/12	B2		2,795,750
		Household Products – 0.8%
	3,000	Elizabeth Arden, Inc.	7.750%	1/15/14	B1		3,075,000
		Metals & Mining – 0.5%
	2,000	Phelps Dodge Corporation	7.125%	11/01/27	Ba2		1,970,357
		Oil, Gas & Consumable Fuels – 2.2%
	2,000	Arch Western Finance LLC	6.750%	7/01/13	BB-		1,977,500
	2,000	Ship Finance International Limited	8.500%	12/15/13	B+		2,060,000
	2,000	Teekay Shipping Corporation	8.875%	7/15/11	BB-		2,165,000
	2,000	USEC, Inc.	6.750%	1/20/09	B3		1,970,000
	8,000	Total Oil, Gas & Consumable Fuels					8,172,500
		Paper & Forest Products – 0.5%
	2,000	Bowater, Inc.	9.500%	10/15/12	B+		2,050,000
$	29,816	Total Corporate Bonds (cost $29,284,699)					29,871,750

Principal
Amount (000)		Description	Coupon	Maturity	Value
		Short-Term Investments – 10.2%
$	40,292	Repurchase Agreement with State Street Bank, dated 3/30/07, repurchase price $40,308,313, collateralized by $36,050,000 U.S. Treasury Bonds, 6.000% due 2/15/26, value $41,100,461	4.900%	4/02/07	$	40,291,860
		Total Short-Term Investments (cost $40,291,860)				40,291,860
		Total Investments (cost $374,002,121) – 100.8%				399,239,490

Shares			Description	Value
			Common Stocks Sold Short – (4.8)%
			Biotechnology – (0.5)%
	(25,000	)	Genentech, Inc., (1)	$	(2,053,000	)
			Health Care Equipment & Supplies – (0.6)%
	(17,000	)	Alcon, Inc.		(2,240,940	)
			Internet Software & Services – (0.6)%
	(74,000	)	Bankrate, Inc., (1)		(2,607,760	)
			Multiline Retail – (0.6)%
	(33,000	)	Kohl’s Corporation, (1)		(2,528,130	)
			Pharmaceuticals – (0.8)%
	(18,000	)	Allergan, Inc.		(1,994,760	)
	(33,600	)	Merck & Co., Inc.		(1,484,112	)
			Total Pharmaceuticals		(3,478,872	)
			Specialty Retail – (0.6)%
	(17,700	)	AutoZone, Inc., (1)		(2,268,078	)
			Textiles, Apparel & Luxury Goods – (0.8)%
	(60,000	)	Coach, Inc., (1)		(3,003,000	)
			Thrifts & Mortgage Finance – (0.3)%
	(18,000	)	FirstFed Financial Corporation, (1)		(1,022,940	)
			Total Common Stocks Sold Short (proceeds $17,319,122)		(19,202,720	)

				Notional			Expiration	Strike
Contracts			Type	Amount (3)			Date	Price		Value
			Call Options Written – (3.7)% (4)
	(500	)	Aetna, Inc.	$	(2,000,000	)	1/19/08		$40.00	$	(365,000	)
	(1,497	)	AGCO Corporation		(5,988,000	)	1/19/08		40.00		(553,890	)
	(750	)	Alcoa, Inc.		(2,437,500	)	1/19/08		32.50		(322,500	)
	(6,000	)	Allied Waste Industries		(7,500,000	)	1/19/08		12.50		(900,000	)
	(7,400	)	Apex Silver Mines Limited		(11,100,000	)	4/21/07		15.00		(55,500	)
	(500	)	BP Amoco, PLC		(3,000,000	)	1/19/08		60.00		(375,000	)
	(1,070	)	CDW Corporation		(7,490,000	)	1/19/08		70.00		(312,975	)
	(900	)	Cheveron Corporation		(5,850,000	)	1/19/08		65.00		(1,053,000	)
	(47	)	Domtar, Inc.		(23,500	)	4/21/07		5.00		(16,215	)
	(800	)	DTE Energy Company		(3,600,000	)	7/21/07		45.00		(300,000	)
	(1,300	)	Korea Electric Power Corporation		(3,250,000	)	9/22/07		25.00		(16,250	)
	(750	)	Microsoft Corporation		(2,437,500	)	1/19/08		32.50		(51,375	)
	(1,200	)	Mosaic Company		(2,700,000	)	1/19/08		22.50		(762,000	)
	(1,000	)	Newmont Mining Corporation		(4,500,000	)	1/19/08		45.00		(335,000	)
	(1,150	)	Nexen, Inc.		(5,750,000	)	6/16/07		50.00		(1,414,500	)
	(390	)	Nexen, Inc.		(2,340,000	)	9/22/07		60.00		(276,900	)
	(1,500	)	Nipon Telegraph & Telephone Corporation		(3,750,000	)	9/22/07		25.00		(382,500	)
	(1,900	)	Peabody Energy Corporation		(7,600,000	)	1/19/08		40.00		(1,073,500	)
	(300	)	Shaw Group, Inc.		(1,050,000	)	1/19/08		35.00		(181,500	)
	(3,900	)	Smithfield Foods, Inc.		(11,700,000	)	7/21/07		30.00		(672,750	)
	(850	)	Supervalu, Inc.		(2,975,000	)	4/21/07		35.00		(365,500	)
	(1,200	)	Tech Data Corporation		(4,200,000	)	9/22/07		35.00		(402,000	)
	(7,300	)	Tyson Foods, Inc.		(10,950,000	)	1/19/08		15.00		(3,869,000	)
	(2,500	)	Vodafone Group PLC		(6,250,000	)	4/21/07		25.00		(500,000	)
	(44,704	)	Total Call Options Written (premiums received $11,828,340)		(118,441,500	)					(14,556,855	)
			Other Assets Less Liabilities – 7.7%								30,665,545
			Net Assets – 100%							$	396,145,460

(1)	Non-income producing.
(2)	Ratings: Using the higher of Standard & Poor’s or Moody’s rating. Ratings below BBB by Standard & Poor’s Group or Baa by Moody’s Investor Service, Inc. are considered to be below investment grade.
(3)	For disclosure purposes, Notional Amount is calculated by multiplying the number of Contracts by the Strike Price by 100.
(4)	The Fund may designate up to 100% of its Common Stock investments to cover outstanding Call Options.
ADR	American Depositary Receipt.
I/O	Interest only securities.
N/R	Not Rated.

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 the treatment of paydown gains and losses, recognition of premium amortization and timing differences in recognizing certain gains and losses on investment transactions.

At March 31, 2007, the cost of investments was $375,671,495.

Gross unrealized appreciation and gross unrealized depreciation of investments at March 31, 2007, were as follows:

Gross unrealized:
Appreciation	$	33,020,849
Depreciation		(9,452,854	)
Net unrealized appreciation (depreciation) of investments	$	23,567,995

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 May 30, 2007

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 May 30, 2007

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

Date May 30, 2007

* Print the name and title of each signing officer under his or her signature.