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:    9/30/2007   

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
Certifications

Item 1. Schedule of Investments

Portfolio of Investments (Unaudited)

Nuveen Global Value Opportunities Fund (JGV)
September 30, 2007

Shares			Description (1)							Value
			Common Stocks – 76.6%
			Aerospace & Defense – 1.0%
	72,300		Thales S.A.							$	4,238,283
			Biotechnology – 1.2%
	84,000		Amgen Inc., (2)								4,751,880
			Commercial Services & Supplies – 2.5%
	801,600		Allied Waste Industries, Inc., (2)								10,220,400
			Diversified Telecommunication Services – 10.9%
	609,345		Chunghwa Telecom Co., Ltd., Sponsored ADR								11,260,696
	476,200		KT Corporation, Sponsored ADR								11,928,810
	903,200		Nippon Telegraph and Telephone Corporation, ADR								21,017,463
			Total Diversified Telecommunication Services								44,206,969
			Electric Utilities – 8.7%
	85,600		Ameren Corporation								4,494,000
	349,900		Centrais Electricas Brasileiras S.A., ADR								4,907,348
	234,600		IDACORP, INC								7,680,804
	176,800		Korea Electric Power Corporation, Sponsored ADR								4,092,920
	332,000		PNM Resources Inc.								7,728,960
	140,000		Progress Energy, Inc.								6,559,000
			Total Electric Utilities								35,463,032
			Food Products – 2.7%
	131,900		Smithfield Foods, Inc., (2)								4,154,850
	380,000		Tyson Foods, Inc., Class A								6,783,000
			Total Food Products								10,937,850
			Household Durables – 0.9%
	205,400		Matsushita Electric Industrial Co., Ltd., ADR								3,810,170
			Insurance – 0.9%
	634,600		Benfield Group, Limited								3,765,332
			Internet Software & Services – 1.0%
	101,000		eBay Inc., (2)								3,941,020
			Machinery – 2.8%
	149,700		AGCO Corporation, (2)								7,600,269
	221,960		Tecumseh Products Company, Class B, (2)								3,762,222
			Total Machinery								11,362,491
			Media – 1.1%
	127,900		Scholastic Corporation, (2)								4,458,594
			Metals & Mining – 23.1%
	287,600		AngloGold Ashanti Limited, Sponsored ADR								13,485,564
	740,000		Apex Silver Mines Limited, (2)								14,393,000
	467,600		Barrick Gold Corporation								18,834,928
	544,000		Crystallex International Corporation, (2)								1,724,480
	567,000		Gabriel Resources, Limited, (2)								1,436,525
	552,600		Gold Fields Limited								9,996,534
	200,000		Ivanhoe Mines Ltd., (2)								2,610,000
	218,969		Kinross Gold Corporation, (2)								3,280,156
	4,245,000		Lihir Gold Limited, (2)								14,841,195
	275,000		Moto Goldmines, Limited, (2)								818,378
	270,700		Newmont Mining Corporation								12,108,411
	6,000		NovaGold Resources Inc., (2)								99,060
			Total Metals & Mining								93,628,231
			Multi-Utilities – 1.4%
	223,900		Puget Energy, Inc.								5,478,833
			Oil, Gas & Consumable Fuels – 11.0%
	144,900		Arch Coal Inc.								4,888,926
	213,200		BP Amoco PLC								14,785,420
	93,800		Nexen Inc.								2,864,652
	258,500		Peabody Energy Corporation								12,374,395
	118,400		Royal Dutch Shell PLC, Class A								9,730,112
			Total Oil, Gas & Consumable Fuels								44,643,505
			Paper & Forest Products – 1.5%
	420,000		Bowater Incorporated								6,266,400
			Pharmaceuticals – 3.7%
	173,000		AstraZeneca Group								8,662,110
	770,000		Patheon Inc., (2)								2,399,839
	95,200		Sanofi-Aventis, ADR								4,038,384
			Total Pharmaceuticals								15,100,333
			Road & Rail – 1.3%
	46,500		Union Pacific Corporation								5,257,290
			Software – 0.5%
	75,000		Microsoft Corporation								2,209,500
			Transportation Infrastructure – 0.4%
	54,150		Stolt-Nielsen S.A								1,607,048
			Total Common Stocks (cost $280,638,062)								311,347,161
Shares			Description (1)		Coupon				Ratings (3)	Value
			Convertible Preferred Securities – 5.1%
			Communications Equipment – 5.1%
	21,358		Lucent Technologies Capital Trust I		7.750%				B1	$	20,503,680
			Total Convertible Preferred Securities (cost $22,014,415)								20,503,680
Principal
Amount (000)			Description (1)		Coupon		Maturity		Ratings (3)	Value
			Mortgage-Backed Securities – 5.8%
$	213		Fannie Mae Mortgage Pool 100195		6.252%		8/20/22		AAA	$	214,262
	3,917		Fannie Mae Mortgage Pool 2003-86 IL (I/O)		4.500%		4/25/13		AAA		85,250
	255		Fannie Mae Mortgage Pool 357922		4.239%		3/01/34		AAA		253,736
	64		Fannie Mae Mortgage Pool 708743		4.304%		6/01/33		AAA		64,254
	146		Fannie Mae Mortgage Pool 713939		4.518%		4/01/33		AAA		147,697
	815		Fannie Mae Mortgage Pool 816594		4.911%		2/01/35		AAA		812,474
	30,346		Fannie Mae Mortgage Pool Strips 345-17 (I/O)		4.500%		5/01/20		AAA		4,724,091
	1,048		Fannie Mae, Collateralized Mortgage Obligations, Series 2004-75, Class KI(I/O)		4.500%		3/25/18		AAA		104,387
	1,982		Fannie Mae, Collateralized Mortgage Obligations, Series 2004-86, Class KI(I/O)		4.500%		5/25/19		AAA		252,978
	4,016		Fannie Mae, Collateralized Mortgage Obligations, Series 2005-69, Class PI(I/O)		4.500%		8/25/25		AAA		996,471
	3,887		Federal Home Loan Collateralized Mortgage, Series 2595 (I/O)		5.000%		6/15/21		AAA		449,907
	6,206		Federal Home Loan Mortgage Corporation, Collateralized Mortgage Obligation, Pool 780184		4.862%		1/01/33		AAA		6,344,457
	1,266		Federal Home Loan Mortgage Corporation, Collateralized Mortgage Obligation, Pool 780284		4.901%		2/01/33		AAA		1,295,951
	4,323		Federal Home Loan Mortgage Corporation, Mortgage Pool 2640 (I/O)		4.500%		8/15/17		AAA		360,259
	2,969		Federal Home Loan Mortgage Corporation, Mortgage Pool, FHR 2627 BI (I/O)		5.000%		8/15/25		AAA		243,277
	2,454		Federal Home Loan Mortgage Corporation, Mortgage Pool, FHR 2872 JI (I/O)		4.500%		10/15/12		AAA		49,489
	1,560		Federal Home Loan Mortgage Corporation, Mortgage Pool, FHR 2906 EI (I/O)		4.500%		1/15/19		AAA		205,317
	319		Federal Home Loan Mortgage Corporation, Mortgage Pool, Series 2626 JI (I/O)		4.500%		5/15/18		AAA		72,591
	1,220		Federal Home Loan Mortgage Corporation, Mortgage Pool, Series 2890 IA (I/O)		4.500%		3/15/18		AAA		128,326
	1,037		Federal Home Loan Mortgage Corporation, Mortgage Pool, Series 2890 KI (I/O)		4.500%		2/15/19		AAA		136,947
	136		Federal Home Loan Mortgage Corporation, Pool 789045		5.776%		2/01/32		AAA		138,603
	6,350		GNMA Mortgage Pool 081832		5.000%		1/20/37		AAA		6,373,094
$	74,529		Total Mortgage-Backed Securities (cost $23,617,631)								23,453,818
Principal
Amount (000)			Description (1)		Coupon		Maturity		Ratings (3)	Value
			Convertible Bonds – 6.4%
			Airlines – 1.5%
$	6,438		JetBlue Airways Corporation		3.500%		7/15/33		CCC+	$	6,269,003
			Health Care Providers & Services – 1.0%
	5,129		Omnicare, Inc.		3.250%		12/15/35		BB-		4,173,724
			Metals & Mining – 3.2%
	10,145		Coeur d’Alene Mines Corporation, Convertible Bond		1.250%		1/15/24		B-		9,130,500
	4,480		Gold Reserve, Inc., Convertible Bonds		5.500%		6/15/22		NR		3,987,200
	14,625		Total Metals & Mining								13,117,700
			Semiconductors & Equipment – 0.7%
	3,000		Credence Systems Corporation, Convertible Bond		1.500%		5/15/08		N/R		2,880,000
$	29,192		Total Convertible Bonds (cost $26,546,875)								26,440,427
Principal
Amount (000)			Description (1)		Coupon		Maturity		Ratings (3)	Value
			Corporate Bonds – 6.6%
			Auto Components – 0.5%
$	2,000		Lear Corporation, Series B		8.110%		5/15/09		B-	$	1,995,000
			Capital Markets – 0.8%
	3,979		Lehman Brothers Holdings Inc., Trust 00650		5.360%		7/26/21		A+		3,068,804
			Diversified Financial Services – 0.5%
	2,000		Leucadia National Corporation		7.000%		8/15/13		BB+		1,930,000
			Electrical Equipment – 0.5%
	1,766		UCAR Finance Inc.		10.250%		2/15/12		B		1,849,885
			Household Products – 0.7%
	3,000		Elizabeth Arden Inc.		7.750%		1/15/14		B1		2,970,000
			Metals & Mining – 0.5%
	2,000		Phelps Dodge Corporation		7.125%		11/01/27		BB+		2,092,102
			Oil, Gas & Consumable Fuels – 2.4%
	2,000		Arch Western Finance LLC		6.750%		7/01/13		BB-		1,970,000
	2,000		Ship Finance International Limited		8.500%		12/15/13		B+		2,065,000
	2,000		Teekay Shipping Corporation		8.875%		7/15/11		BB-		2,110,000
	3,750		USEC Inc.		6.750%		1/20/09		CCC		3,693,750
	9,750		Total Oil, Gas & Consumable Fuels								9,838,750
			Paper & Forest Products – 0.4%
	2,000		Bowater Inc.		9.500%		10/15/12		B		1,675,000
			Road & Rail – 0.3%
	1,000		CSX Transportation, Inc.		9.750%		6/15/20		BBB-		1,277,506
$	27,495		Total Corporate Bonds (cost $27,118,328)								26,697,047
Principal
Amount (000)			Description (1)		Coupon		Maturity			Value
			Structured Notes – 3.1%
$	4,500		Lehman Brothers Holdings		10.000%		3/07/22			$	4,650,750
	9,000		Morgan Stanley Group, Inc., Credit Linked Note		0.000%		6/20/17				7,584,300
$	13,500		Total Structured Notes (cost $13,500,000)								12,235,050
Principal
Amount (000)			Description (1)		Coupon		Maturity			Value
			Short-Term Investments – 0.8%
$	2,995		Repurchase Agreement with State Street Bank, dated 9/28/07, repurchase price $2,995,594 collateralized by $2,705,000 U.S. Treasury Bonds, 6.000%, due 2/15/26, value $3,060,058		3.750%		10/01/07			$	2,994,658
			Total Short-Term Investments (cost $2,994,658)								2,994,658
			Total Investments (cost $396,429,969) – 104.4%								423,671,841
Shares			Description (1)							Value
			Common Stocks Sold Short – (4.9)%
			Biotechnology – (0.5)%
	(25,000	)	Genentech, Inc., (2)							$	(1,950,500	)
			Health Care Equipment & Supplies – (0.6)%
	(17,000	)	Alcon Inc.								(2,446,640	)
			Internet Software & Services – (0.8)%
	(74,000	)	Bankrate Inc., (2)								(3,412,880	)
			Multiline Retail – (0.5)%
	(33,000	)	Kohl’s Corporation, (2)								(1,891,890	)
			Pharmaceuticals – (1.3)%
	(36,000	)	Allergan, Inc.								(2,320,920	)
	(56,100	)	Merck & Co. Inc.								(2,899,809	)
			Total Pharmaceuticals								(5,220,729)
			Specialty Retail – (0.5)%
	(17,700	)	AutoZone, Inc., (2)								(2,055,678	)
			Textiles, Apparel & Luxury Goods – (0.7)%
	(60,000	)	Coach, Inc., (2)								(2,836,200	)
			Thrifts & Mortgage Finance – 0.0%
	(500	)	FirstFed Financial Corporation, (2)								(24,775	)
			Total Common Stocks Sold Short (proceeds $17,491,505)								(19,839,292)
				Notional			Expiration	Strike
Contracts			Type (1)	Amount (4)			Date	Price		Value
			Call Options Written – (4.5)% (5)
	(1,497	)	AGCO Corporation	$	(5,988,000	)	1/19/08		$40.0	$	(1,796,400	)
	(6,000	)	Allied Waste Industries		(7,500,000	)	1/19/08		12.5		(660,000	)
	(850	)	Ameren Corporation		(4,250,000	)	12/22/07		50.0		(306,000	)
	(800	)	Amgen, Inc.		(4,800,000	)	10/20/07		60.0		(26,000	)
	(7,400	)	Apex Silver Mines Limited		(12,950,000	)	1/19/08		17.5		(2,442,000	)
	(1,080	)	Arch Coal Inc.		(3,240,000	)	1/19/08		30.0		(572,400	)
	(1,730	)	Astrazenica PLC		(8,650,000	)	1/19/08		50.0		(523,325	)
	(4,200	)	Bowater, Inc.		(10,500,000	)	1/19/08		25.0		(63,000	)
	(500	)	BP Amoco, PLC		(3,000,000	)	1/19/08		60.0		(517,500	)
	(1,460	)	BP Amoco, PLC		(9,490,000	)	1/19/08		65.0		(934,400	)
	(5,530	)	Chunghwa Telecom Company Limited (6)		(10,507,000	)	3/22/08		19.0		(1,052,867	)
	(5,400	)	Crystallex International Corporation		(2,700,000	)	10/20/07		5.0		(27,000	)
	(1,010	)	EBay, Inc.		(3,282,500	)	1/19/08		32.5		(767,600	)
	(3,700	)	Gold Fields Limited		(6,475,000	)	1/19/08		17.5		(730,750	)
	(3,500	)	KT Corporation		(7,875,000	)	10/20/07		22.5		(936,250	)
	(2,000	)	Matsushita Electric Industrial Company Limited		(3,500,000	)	12/22/07		17.5		(335,000	)
	(750	)	Microsoft Corporation		(2,437,500	)	1/19/08		32.5		(35,625	)
	(1,000	)	Newmont Mining Corporation		(4,500,000	)	1/19/08		45.0		(320,000	)
	(170	)	Nexen Inc.		(510,000	)	12/22/07		30.0		(41,225	)
	(2,100	)	Nipon Telegraph & Telephone Corporation		(4,725,000	)	12/22/07		22.5		(330,750	)
	(1,900	)	Peabody Energy Corporation		(7,600,000	)	1/19/08		40.0		(1,786,000	)
	(1,400	)	Progress Energy, Inc.		(6,300,000	)	1/19/08		45.0		(437,500	)
	(1,100	)	Royal Dutch Shell PLC		(7,700,000	)	10/20/07		70.0		(1,342,000	)
	(950	)	Sanofi Aventis		(4,037,500	)	12/22/07		42.5		(178,125	)
	(1,275	)	Scholastic Corporation		(3,825,000	)	3/22/08		30.0		(796,875	)
	(1,300	)	Smithfield Foods Inc.		(4,550,000	)	1/19/08		35.0		(152,750	)
	(3,800	)	Tyson Foods Inc.		(5,700,000	)	1/19/08		15.0		(1,292,000	)
	(62,402	)	Total Call Options Written (premiums received $14,573,833)		(156,600,500	)					(18,403,342	)
			Other Assets Less Liabilities – 5.0%								20,150,768
			Net Assets – 100%							$	405,579,975

(1)	All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.
(2)	Non-income producing.
(3)	Ratings: Using the higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be below investment grade.
(4)	For disclosure purposes, Notional Amount is calculated by multiplying the number of Contracts by the Strike Price by 100.
(5)	The Fund may designate up to 100% of its Common Stock investments to cover outstanding Call Options Written.
(6)	Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Trustees.
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 recognition of unrealized gain or loss for tax (mark-to-market) on equity option contracts, the treatment of paydown gains and losses, recognition of premium amortization, and timing differences in recognizing certain gains and losses on investment transactions.

At September 30, 2007, the cost of investments was $398,119,946.

Gross unrealized appreciation and gross unrealized depreciation of investments at September 30, 2007, were as follows:

Gross unrealized:
Appreciation	$	41,654,006
Depreciation		(16,102,111	)
Net unrealized appreciation (depreciation) of investments	$	25,551,895

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, 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 November 29, 2007

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

Date November 29, 2007

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