Investment Company Act file number
|
811-21504
|
Advent/Claymore Enhanced Growth & Income Fund
|
|
(Exact name of registrant as specified in charter)
|
888 Seventh Ave, 31st Floor, New York, NY 10019
|
(Address of principal executive offices) (Zip code)
|
Robert White, Treasurer
888 Seventh Ave, 31st Floor, New York, NY 10019
|
(Name and address of agent for service)
|
Advent Claymore Enhanced Growth & Income Fund
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
|
July 31, 2018
|
Shares
|
Value
|
|||
COMMON STOCKS† - 9.1%
|
||||
Financial - 2.1%
|
||||
Lazard Ltd. — Class A1
|
9,537
|
$517,859
|
||
U.S. Bancorp1
|
8,800
|
466,488
|
||
Synchrony Financial1
|
13,000
|
376,220
|
||
Goldman Sachs Group, Inc.1
|
1,300
|
308,659
|
||
Total Financial
|
1,669,226
|
|||
Consumer, Non-cyclical - 2.1%
|
||||
United Rentals, Inc.*,1
|
3,800
|
565,440
|
||
Merck & Company, Inc.1
|
6,900
|
454,503
|
||
Gilead Sciences, Inc.1
|
5,800
|
451,414
|
||
Bunge Ltd.1
|
2,800
|
193,564
|
||
Total Consumer, Non-cyclical
|
1,664,921
|
|||
Consumer, Cyclical - 1.8%
|
||||
Royal Caribbean Cruises Ltd.*,1
|
5,000
|
563,800
|
||
Walmart, Inc.1
|
6,000
|
535,380
|
||
General Motors Co.1
|
6,300
|
238,833
|
||
Ford Motor Co.1
|
16,100
|
161,644
|
||
Total Consumer, Cyclical
|
1,499,657
|
|||
Industrial - 1.1%
|
||||
Caterpillar, Inc.1
|
3,700
|
532,060
|
||
United Parcel Service, Inc. — Class B1
|
3,180
|
381,251
|
||
Total Industrial
|
913,311
|
|||
Communications - 0.9%
|
||||
Verizon Communications, Inc.1
|
8,200
|
423,448
|
||
AT&T, Inc.1
|
10,000
|
319,700
|
||
Total Communications
|
743,148
|
|||
Energy - 0.6%
|
||||
TPG Pace Energy Holdings Corp,*,1
|
36,800
|
493,120
|
||
Technology - 0.5%
|
||||
Texas Instruments, Inc.1
|
3,600
|
400,752
|
||
Total Common Stocks
|
||||
(Cost $7,532,622)
|
7,384,135
|
|||
CONVERTIBLE PREFERRED STOCKS† - 5.8%
|
||||
Industrial - 2.0%
|
||||
Belden, Inc. | ||||
6.75% due 07/15/191
|
11,988
|
1,054,704
|
||
Stanley Black & Decker, Inc. | ||||
5.38% due 05/15/201
|
5,200
|
579,800
|
||
Total Industrial
|
1,634,504
|
|||
Consumer, Non-cyclical - 2.0%
|
||||
Becton Dickinson and Co. | ||||
6.13% due 05/01/201
|
13,001
|
825,174
|
||
Bunge Ltd. 4.88%1,7
|
7,113
|
774,362
|
||
Total Consumer, Non-cyclical
|
1,599,536
|
|||
Energy - 1.0%
|
||||
Hess Corp. | ||||
8.00% due 02/01/191
|
6,149
|
449,477
|
||
Nabors Industries Ltd. | ||||
6.00% due 05/01/211
|
8,332
|
361,461
|
||
Total Energy
|
810,938
|
|||
Financial - 0.5%
|
||||
Crown Castle International Corp. | ||||
6.88% due 08/01/201
|
400
|
426,808
|
||
Utilities - 0.3%
|
||||
South Jersey Industries, Inc. | ||||
7.25% due 04/15/211
|
4,200
|
232,407
|
Shares
|
Value
|
|||
CONVERTIBLE PREFERRED STOCKS† - 5.8% (continued)
|
||||
Total Convertible Preferred Stocks
|
||||
(Cost $4,625,007)
|
4,704,193
|
|||
MONEY MARKET FUND† - 5.9%
|
||||
Morgan Stanley Institutional Liquidity Government Portfolio - Institutional Class 1.81%1,2
|
4,800,211
|
4,800,211
|
||
Total Money Market Fund
|
||||
(Cost $4,800,211)
|
4,800,211
|
Face
|
||||
Amount~
|
Value
|
|||
CONVERTIBLE BONDS†† - 78.4%
|
||||
Industrial - 13.0%
|
||||
Siemens Financieringsmaatschappij N.V.
|
||||
1.65% due 08/16/191
|
750,000
|
899,610
|
||
China Railway Construction Corporation Ltd.
|
||||
due 01/29/211,3
|
750,000
|
808,875
|
||
Dycom Industries, Inc.
|
||||
0.75% due 09/15/211
|
715,000
|
798,394
|
||
Implenia AG
|
||||
0.50% due 06/30/221
|
CHF 685,000
|
772,215
|
||
Larsen & Toubro Ltd.
|
||||
0.68% due 10/22/191
|
700,000
|
723,450
|
||
Vinci S.A.
|
||||
0.38% due 02/16/221
|
600,000
|
654,882
|
||
Greenbrier Companies, Inc.
|
||||
2.88% due 02/01/241
|
545,000
|
648,210
|
||
Golar LNG Ltd.
|
||||
2.75% due 02/15/221
|
600,000
|
612,817
|
||
Sika A.G.
|
||||
0.15% due 06/05/251
|
CHF 580,000
|
610,734
|
||
MINEBEA MITSUMI, Inc.
|
||||
due 08/03/221,3
|
JPY 50,000,000
|
537,676
|
||
MTU Aero Engines AG
|
||||
0.13% due 05/17/231
|
EUR 300,000
|
534,189
|
||
Buzzi Unicem SpA
|
||||
1.38% due 07/17/191
|
EUR 300,000
|
425,508
|
||
Shimizu Corp.
|
||||
due 10/16/201,3
|
JPY 40,000,000
|
386,368
|
||
Dainippon Screen Mfg. Co., Ltd.
|
||||
due 06/11/251
|
JPY 40,000,000
|
377,702
|
||
Safran S.A.
|
||||
due 12/31/201,3
|
EUR 247,100
|
316,294
|
||
Cemex SAB de CV
|
||||
3.72% due 03/15/201
|
300,000
|
306,138
|
||
Arconic, Inc.
|
||||
1.63% due 10/15/191
|
292,000
|
301,425
|
||
Airbus SE
|
||||
due 07/01/221,3
|
EUR 200,000
|
289,938
|
||
OSG Corp.
|
||||
due 04/04/221,3
|
JPY 20,000,000
|
273,137
|
Advent Claymore Enhanced Growth & Income Fund
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
|
July 31, 2018
|
CRRC Corporation Ltd.
|
||||
due 02/05/211,3
|
250,000
|
249,375
|
||
Total Industrial
|
10,526,937
|
|||
Technology - 11.9%
|
||||
Microchip Technology, Inc.
|
||||
1.63% due 02/15/271
|
760,000
|
908,436
|
Face
|
||||
Amount~
|
Value
|
|||
CONVERTIBLE BONDS†† - 78.4% (continued)
|
||||
Technology - 11.9% (continued)
|
||||
STMicroelectronics N.V.
|
||||
0.25% due 07/03/241
|
600,000
|
$718,002
|
||
Teradyne, Inc.
|
||||
1.25% due 12/15/231
|
474,000
|
690,424
|
||
ServiceNow, Inc.
|
||||
due 06/01/221,3
|
453,000
|
624,673
|
||
Lumentum Holdings, Inc.
|
||||
0.25% due 03/15/241
|
548,000
|
615,737
|
||
Cypress Semiconductor Corp.
|
||||
4.50% due 01/15/221
|
396,000
|
573,234
|
||
Citrix Systems, Inc.
|
||||
0.50% due 04/15/191
|
365,000
|
556,092
|
||
Nutanix, Inc.
|
||||
due 01/15/231,3,4
|
462,000
|
552,474
|
||
NXP Semiconductors N.V.
|
||||
1.00% due 12/01/191
|
490,000
|
543,597
|
||
Akamai Technologies, Inc.
|
||||
0.13% due 05/01/251,4
|
483,000
|
486,229
|
||
Western Digital Corp.
|
||||
1.50% due 02/01/241,4
|
462,000
|
453,295
|
||
ON Semiconductor Corp.
|
||||
1.63% due 10/15/231
|
350,000
|
439,696
|
||
Integrated Device Technology, Inc.
|
||||
0.88% due 11/15/221
|
353,000
|
421,436
|
||
ams AG
|
||||
0.88% due 09/28/221
|
400,000
|
408,000
|
||
Synaptics, Inc.
|
||||
0.50% due 06/15/221
|
329,000
|
326,252
|
||
Micron Technology, Inc.
|
||||
3.00% due 11/15/431
|
167,000
|
301,923
|
||
ASM Pacific Technology Ltd.
|
||||
2.00% due 03/28/191
|
HKD 2,000,000
|
277,808
|
||
Advanced Micro Devices, Inc.
|
||||
2.13% due 09/01/261
|
113,000
|
269,606
|
||
Guidewire Software, Inc.
|
||||
1.25% due 03/15/251
|
239,000
|
238,719
|
||
Allscripts Healthcare Solutions, Inc.
|
||||
1.25% due 07/01/201
|
200,000
|
205,549
|
||
Total Technology
|
9,611,182
|
|||
Communications - 11.1%
|
||||
Liberty Media Corp.
|
||||
1.38% due 10/15/231
|
659,000
|
835,480
|
||
2.25% due 09/30/461
|
280,000
|
153,650
|
||
Booking Holdings, Inc.
|
||||
0.90% due 09/15/211
|
534,000
|
634,592
|
||
0.35% due 06/15/201
|
189,000
|
293,126
|
||
DISH Network Corp.
|
||||
3.38% due 08/15/261
|
771,000
|
702,346
|
||
Ctrip.com International Ltd.
|
||||
1.00% due 07/01/201
|
658,000
|
652,939
|
||
Weibo Corp.
|
||||
1.25% due 11/15/221,4
|
586,000
|
575,280
|
||
Liberty Expedia Holdings, Inc.
|
||||
1.00% due 06/30/471,4
|
484,000
|
492,180
|
||
SBI Holdings, Inc.
|
||||
due 09/14/221,3
|
JPY 30,000,000
|
483,233
|
Face
|
||||
Amount~
|
Value
|
|||
CONVERTIBLE BONDS†† - 78.4% (continued)
|
||||
Communications - 11.1% (continued)
|
||||
Palo Alto Networks, Inc.
|
||||
0.75% due 07/01/231,4
|
480,000
|
$473,779
|
||
Ciena Corp.
|
||||
4.00% due 12/15/201
|
340,000
|
471,310
|
||
Inmarsat plc
|
||||
3.88% due 09/09/231
|
400,000
|
469,000
|
||
Twitter, Inc.
|
||||
0.25% due 06/15/241,4
|
496,000
|
452,392
|
||
GCI Liberty, Inc.
|
||||
1.75% due 09/30/461,4
|
426,000
|
447,276
|
||
IAC FinanceCo, Inc.
|
||||
0.88% due 10/01/221,4
|
390,000
|
441,196
|
||
CyberAgent, Inc.
|
||||
due 02/19/251,3
|
JPY 40,000,000
|
422,994
|
||
Zendesk, Inc.
|
||||
0.25% due 03/15/231,4
|
326,000
|
352,668
|
||
Wix.com Ltd.
|
||||
due 07/01/231,3,4
|
313,000
|
300,149
|
||
Etsy, Inc.
|
||||
due 03/01/231,3,4
|
181,000
|
230,869
|
||
Okta, Inc.
|
||||
0.25% due 02/15/231,4
|
115,000
|
140,258
|
||
Total Communications
|
9,024,717
|
|||
Financial - 11.0%
|
||||
Altaba, Inc.
|
||||
due 12/01/181,3
|
745,000
|
1,016,396
|
||
AXA S.A.
|
||||
7.25% due 05/15/214
|
913,000
|
1,000,042
|
||
Poseidon Finance 1 Ltd.
|
||||
due 02/01/251,3
|
831,000
|
858,008
|
||
Aurelius SE
|
||||
1.00% due 12/01/201
|
EUR 500,000
|
693,255
|
||
IMMOFINANZ AG
|
||||
2.00% due 01/24/241
|
EUR 500,000
|
685,211
|
||
IH Merger Sub LLC
|
||||
3.50% due 01/15/221
|
599,000
|
662,737
|
||
Air Lease Corp.
|
||||
3.88% due 12/01/181
|
360,000
|
542,147
|
||
Haitong International Securities Group, Ltd.
|
||||
due 10/25/211,3
|
HKD 4,000,000
|
488,713
|
||
Magyar Nemzeti Vagyonkezelo Zrt
|
||||
3.38% due 04/02/191
|
EUR 400,000
|
478,986
|
||
AYC Finance Ltd.
|
||||
0.50% due 05/02/191
|
470,000
|
475,581
|
||
Credit Agricole S.A.
|
||||
due 10/03/191
|
EUR 5,100
|
457,017
|
||
LEG Immobilien AG
|
||||
0.50% due 07/01/211
|
EUR 200,000
|
423,558
|
||
PRA Group, Inc.
|
||||
3.00% due 08/01/201
|
400,000
|
386,298
|
Advent Claymore Enhanced Growth & Income Fund
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
|
July 31, 2018
|
Goldman Sachs BDC, Inc.
|
||||
4.50% due 04/01/221
|
300,000
|
299,950
|
||
BofA Finance LLC
|
||||
0.25% due 05/01/231
|
284,000
|
272,640
|
Face
|
||||
Amount~
|
Value
|
|||
CONVERTIBLE BONDS†† - 78.4% (continued)
|
||||
Financial - 11.0% (continued)
|
||||
Starwood Property Trust, Inc.
|
||||
4.00% due 01/15/191
|
148,000
|
$170,745
|
||
Total Financial
|
8,911,284
|
|||
Consumer, Non-cyclical - 10.2%
|
||||
Exact Sciences Corp.
|
||||
1.00% due 01/15/251
|
798,000
|
830,610
|
||
Jazz Investments I Ltd.
|
||||
1.88% due 08/15/211
|
400,000
|
433,273
|
||
1.50% due 08/15/241,4
|
280,000
|
291,696
|
||
BioMarin Pharmaceutical, Inc.
|
||||
1.50% due 10/15/201
|
532,000
|
652,902
|
||
Euronet Worldwide, Inc.
|
||||
1.50% due 10/01/441
|
485,000
|
628,601
|
||
Ionis Pharmaceuticals, Inc.
|
||||
1.00% due 11/15/211
|
588,000
|
585,324
|
||
NuVasive, Inc.
|
||||
2.25% due 03/15/211
|
496,000
|
564,117
|
||
Bayer AG
|
||||
0.05% due 06/15/201
|
EUR 400,000
|
549,595
|
||
Qiagen N.V.
|
||||
0.88% due 03/19/211
|
400,000
|
522,314
|
||
Wright Medical Group, Inc.
|
||||
1.63% due 06/15/231,4
|
517,000
|
511,461
|
||
Bayer Capital Corporation BV
|
||||
5.63% due 11/22/191
|
EUR 400,000
|
501,118
|
||
Nipro Corp.
|
||||
due 01/29/211,3
|
JPY 40,000,000
|
390,388
|
||
Neurocrine Biosciences, Inc.
|
||||
2.25% due 05/15/241
|
209,000
|
306,813
|
||
Teladoc, Inc.
|
||||
1.38% due 05/15/251,4
|
225,000
|
291,289
|
||
Nevro Corp.
|
||||
1.75% due 06/01/211
|
300,000
|
290,388
|
||
Terumo Corp.
|
||||
due 12/06/211,3
|
JPY 20,000,000
|
284,304
|
||
Clovis Oncology, Inc.
|
||||
2.50% due 09/15/211
|
250,000
|
265,386
|
||
Insulet Corp.
|
||||
1.38% due 11/15/241,4
|
192,000
|
209,426
|
||
Theravance Biopharma, Inc.
|
||||
3.25% due 11/01/231
|
150,000
|
150,798
|
||
Cardtronics, Inc.
|
||||
1.00% due 12/01/201
|
50,000
|
47,120
|
||
Total Consumer, Non-cyclical
|
8,306,923
|
|||
Consumer, Cyclical - 10.1%
|
||||
Zhongsheng Group Holdings Ltd.
|
||||
due 05/23/231,3
|
HKD 9,000,000
|
1,045,125
|
||
LGI Homes, Inc.
|
||||
4.25% due 11/15/191
|
325,000
|
780,955
|
||
Harvest International Co.
|
||||
due 11/21/221,3
|
HKD 6,000,000
|
766,520
|
||
Suzuki Motor Corp.
|
||||
due 03/31/231,3
|
JPY 50,000,000
|
715,785
|
||
Sony Corp.
|
||||
due 09/30/221,3
|
JPY 56,000,000
|
663,481
|
||
Valeo S.A.
|
||||
due 06/16/211,3
|
600,000
|
572,478
|
Face
|
||||
Amount~
|
Value
|
|||
CONVERTIBLE BONDS†† - 78.4% (continued)
|
||||
Consumer, Cyclical - 10.1% (continued)
|
||||
Navistar International Corp.
|
||||
4.75% due 04/15/191
|
437,000
|
$452,684
|
||
LVMH Moet Hennessy Louis Vuitton SE
|
||||
due 02/16/211,3
|
1,145
|
413,727
|
||
Tesla, Inc.
|
||||
0.25% due 03/01/191
|
394,000
|
406,825
|
||
Vinpearl JSC
|
||||
3.50% due 06/14/231
|
400,000
|
404,000
|
||
Cie Generale des Etablissements Michelin SCA
|
||||
due 01/10/221,3
|
400,000
|
390,120
|
||
ANA Holdings, Inc.
|
||||
due 09/19/241,3
|
JPY 40,000,000
|
366,268
|
||
Huazhu Group Ltd.
|
||||
0.38% due 11/01/221,4
|
305,000
|
336,156
|
||
Caesars Entertainment Corp.
|
||||
5.00% due 10/01/241
|
179,000
|
322,005
|
||
Live Nation Entertainment, Inc.
|
||||
2.50% due 03/15/231,4
|
300,000
|
315,893
|
||
Meritor, Inc.
|
||||
3.25% due 10/15/371,4
|
260,000
|
258,770
|
||
Total Consumer, Cyclical
|
8,210,792
|
|||
Energy - 6.3%
|
||||
Kunlun Energy Company Ltd.
|
||||
1.63% due 07/25/191
|
CNY 5,000,000
|
795,283
|
||
Technip S.A.
|
||||
0.88% due 01/25/211
|
EUR 500,000
|
713,000
|
||
Weatherford International Ltd.
|
||||
5.88% due 07/01/211
|
700,000
|
694,578
|
||
Oasis Petroleum, Inc.
|
||||
2.63% due 09/15/231
|
502,000
|
630,553
|
||
Chesapeake Energy Corp.
|
||||
5.50% due 09/15/261
|
545,000
|
543,272
|
||
PDC Energy, Inc.
|
||||
1.13% due 09/15/211
|
481,000
|
506,036
|
||
TOTAL S.A.
|
||||
0.50% due 12/02/221
|
400,000
|
457,500
|
||
BP Capital Markets plc
|
||||
1.00% due 04/28/231
|
GBP 200,000
|
340,924
|
||
RAG-Stiftung
|
||||
due 03/16/231,3
|
EUR 200,000
|
254,212
|
||
Whiting Petroleum Corp.
|
||||
1.25% due 04/01/201
|
160,000
|
153,069
|
||
Total Energy
|
5,088,427
|
|||
Basic Materials - 3.2%
|
||||
Kansai Paint Co., Ltd.
|
||||
due 06/17/191,3
|
JPY 60,000,000
|
566,822
|
||
APERAM S.A.
|
||||
0.63% due 07/08/211
|
400,000
|
488,720
|
||
Mitsubishi Chemical Holdings Corp.
|
||||
due 03/29/241,3
|
JPY 50,000,000
|
470,676
|
Advent Claymore Enhanced Growth & Income Fund
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
|
July 31, 2018
|
Toray Industries, Inc.
|
||||
due 08/30/191,3
|
JPY 40,000,000
|
380,829
|
||
Glencore Funding LLC
|
||||
due 03/27/251
|
400,000
|
361,500
|
Face
|
||||
Amount~
|
Value
|
|||
CONVERTIBLE BONDS†† - 78.4% (continued)
|
||||
Basic Materials - 3.2% (continued)
|
||||
Osisko Gold Royalties Ltd.
|
||||
4.00% due 12/31/221
|
CAD 400,000
|
$307,987
|
||
Total Basic Materials
|
2,576,534
|
|||
Utilities - 1.6%
|
||||
CenterPoint Energy, Inc.
|
||||
3.40% due 09/15/291,5
|
13,443
|
588,131
|
||
China Yangtze Power International BVI 1 Ltd.
|
||||
due 11/09/211,3
|
400,000
|
434,500
|
||
China Yangtze Power International BVI 2 Ltd.
|
||||
due 11/09/211,3
|
EUR 225,000
|
284,652
|
||
Total Utilities
|
1,307,283
|
|||
Total Convertible Bonds
|
||||
(Cost $61,127,015)
|
63,564,079
|
|||
CORPORATE BONDS†† - 40.6%
|
||||
Consumer, Cyclical - 10.2%
|
||||
GameStop Corp.
|
||||
6.75% due 03/15/211,4
|
737,000
|
754,504
|
||
Vista Outdoor, Inc.
|
||||
5.88% due 10/01/231
|
562,000
|
554,975
|
||
Staples, Inc.
|
||||
8.50% due 09/15/251,4
|
445,000
|
419,412
|
||
Eagle Intermediate Global Holding BV/Ruyi US Finance LLC
|
||||
7.50% due 05/01/251,4
|
366,000
|
365,085
|
||
Scientific Games International, Inc.
|
||||
10.00% due 12/01/221
|
329,000
|
352,441
|
||
Downstream Development Authority of the Quapaw Tribe of Oklahoma
|
||||
10.50% due 02/15/231,4
|
332,000
|
333,564
|
||
William Carter Co.
|
||||
5.25% due 08/15/211
|
321,000
|
325,727
|
||
Mattamy Group Corp.
|
||||
6.88% due 12/15/231,4
|
193,000
|
198,269
|
||
6.50% due 10/01/251,4
|
121,000
|
118,580
|
||
Hanesbrands, Inc.
|
||||
4.63% due 05/15/241,4
|
324,000
|
316,710
|
||
Six Flags Entertainment Corp.
|
||||
5.50% due 04/15/271,4
|
172,000
|
168,775
|
||
4.88% due 07/31/241,4
|
145,000
|
141,919
|
||
Scotts Miracle-Gro Co.
|
||||
6.00% due 10/15/231
|
152,000
|
157,320
|
||
5.25% due 12/15/261
|
160,000
|
153,200
|
||
TRI Pointe Group Inc. / TRI Pointe Homes Inc.
|
||||
4.38% due 06/15/191
|
308,000
|
309,836
|
||
Dana Financing Luxembourg Sarl
|
||||
6.50% due 06/01/261,4
|
299,000
|
303,485
|
||
Delphi Technologies plc
|
||||
5.00% due 10/01/251,4
|
301,000
|
284,599
|
||
Wolverine World Wide, Inc.
|
||||
5.00% due 09/01/261,4
|
281,000
|
267,652
|
||
Goodyear Tire & Rubber Co.
|
||||
5.13% due 11/15/231
|
271,000
|
267,613
|
Face
|
||||
Amount~
|
Value
|
|||
CORPORATE BONDS†† - 40.6% (continued)
|
||||
Consumer, Cyclical - 10.2% (continued)
|
||||
Churchill Downs, Inc.
|
||||
4.75% due 01/15/281,4
|
282,000
|
$265,785
|
||
Navistar International Corp.
|
||||
6.63% due 11/01/251,4
|
250,000
|
262,262
|
||
Speedway Motorsports, Inc.
|
||||
5.13% due 02/01/231
|
259,000
|
255,762
|
||
National CineMedia LLC
|
||||
6.00% due 04/15/221
|
248,000
|
252,960
|
||
American Greetings Corp.
|
||||
8.75% due 04/15/251,4
|
259,000
|
244,755
|
||
Enterprise Development Authority
|
||||
12.00% due 07/15/241,4
|
241,000
|
234,975
|
||
Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.
|
||||
5.50% due 06/01/241
|
146,000
|
142,350
|
||
5.88% due 03/01/271
|
94,000
|
88,125
|
||
Carlson Travel, Inc.
|
||||
9.50% due 12/15/241,4
|
243,000
|
223,864
|
||
American Axle & Manufacturing, Inc.
|
||||
6.25% due 03/15/261
|
185,000
|
178,062
|
||
Ferrellgas Partners Limited Partnership / Ferrellgas Partners Finance Corp.
|
||||
8.63% due 06/15/201
|
160,000
|
156,000
|
||
Beacon Roofing Supply, Inc.
|
||||
4.88% due 11/01/251,4
|
161,000
|
150,785
|
||
Stars Group Holdings BV / Stars Group US Company-Borrower LLC
|
||||
7.00% due 07/15/261,4
|
20,000
|
20,650
|
||
Total Consumer, Cyclical
|
8,270,001
|
|||
Consumer, Non-cyclical - 6.7%
|
||||
Bausch Health Companies, Inc.
|
||||
6.13% due 04/15/251,4
|
475,000
|
447,094
|
||
9.00% due 12/15/251,4
|
361,000
|
383,725
|
||
7.00% due 03/15/241,4
|
161,000
|
171,304
|
||
HCA, Inc.
|
||||
5.25% due 04/15/251
|
575,000
|
589,016
|
||
6.50% due 02/15/201
|
241,000
|
251,435
|
||
Spectrum Brands, Inc.
|
||||
5.75% due 07/15/251
|
402,000
|
403,005
|
||
Tenet Healthcare Corp.
|
||||
4.63% due 07/15/241
|
401,000
|
389,471
|
||
Encompass Health Corp.
|
||||
5.75% due 09/15/251
|
354,000
|
357,540
|
||
United Rentals North America, Inc.
|
||||
5.50% due 05/15/271
|
181,000
|
179,806
|
||
5.75% due 11/15/241
|
161,000
|
165,226
|
Advent Claymore Enhanced Growth & Income Fund
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
|
July 31, 2018
|
Cardtronics Incorporated / Cardtronics USA, Inc
|
||||
5.50% due 05/01/251,4
|
381,000
|
340,995
|
||
Ritchie Bros Auctioneers, Inc.
|
||||
5.38% due 01/15/251,4
|
304,000
|
299,440
|
Face
|
||||
Amount~
|
Value
|
|||
CORPORATE BONDS†† - 40.6% (continued)
|
||||
Consumer, Non-cyclical - 6.7% (continued)
|
||||
Land O'Lakes Capital Trust I
|
||||
7.45% due 03/15/281,4
|
250,000
|
$277,500
|
||
Pilgrim's Pride Corp.
|
||||
5.75% due 03/15/251,4
|
241,000
|
231,059
|
||
Molina Healthcare, Inc.
|
||||
5.38% due 11/15/221
|
180,000
|
184,500
|
||
DaVita, Inc.
|
||||
5.00% due 05/01/251
|
193,000
|
182,385
|
||
Nielsen Company Luxembourg SARL
|
||||
5.00% due 02/01/254
|
160,000
|
146,400
|
||
Sotheby's
|
||||
4.88% due 12/15/251,4
|
147,000
|
141,431
|
||
Central Garden & Pet Co.
|
||||
6.13% due 11/15/231
|
133,000
|
137,322
|
||
Simmons Foods, Inc.
|
||||
5.75% due 11/01/241,4
|
106,000
|
88,245
|
||
7.75% due 01/15/241,4
|
40,000
|
41,300
|
||
Land O' Lakes, Inc.
|
||||
6.00% due 11/15/221,4
|
26,000
|
27,476
|
||
Total Consumer, Non-cyclical
|
5,435,675
|
|||
Energy - 5.6%
|
||||
PDC Energy, Inc.
|
||||
5.75% due 05/15/261
|
280,000
|
277,900
|
||
6.13% due 09/15/241
|
114,000
|
114,997
|
||
PBF Holding Company LLC / PBF Finance Corp.
|
||||
7.25% due 06/15/251
|
361,000
|
378,599
|
||
Parsley Energy LLC / Parsley Finance Corp.
|
||||
5.63% due 10/15/271,4
|
363,000
|
361,185
|
||
SESI LLC
|
||||
7.75% due 09/15/241
|
321,000
|
331,432
|
||
Diamondback Energy, Inc.
|
||||
5.38% due 05/31/251
|
321,000
|
322,204
|
||
WPX Energy, Inc.
|
||||
5.25% due 09/15/241
|
321,000
|
320,599
|
||
Genesis Energy Limited Partnership / Genesis Energy Finance Corp.
|
||||
6.25% due 05/15/261
|
321,000
|
302,542
|
||
Oasis Petroleum, Inc.
|
||||
6.88% due 03/15/221
|
280,000
|
285,950
|
||
Continental Resources, Inc.
|
||||
5.00% due 09/15/221
|
281,000
|
285,460
|
||
Parkland Fuel Corp.
|
||||
6.00% due 04/01/261,4
|
241,000
|
238,289
|
||
Gulfport Energy Corp.
|
||||
6.00% due 10/15/241
|
241,000
|
233,770
|
||
Nabors Industries, Inc.
|
||||
5.75% due 02/01/251,4
|
243,000
|
230,850
|
||
Alliance Resource Operating Partners Limited Partnership / Alliance Resource Finance Corp.
|
||||
7.50% due 05/01/251,4
|
214,000
|
226,840
|
Face
|
||||
Amount~
|
Value
|
|||
CORPORATE BONDS†† - 40.6% (continued)
|
||||
Energy - 5.6% (continued)
|
||||
Summit Midstream Holdings LLC / Summit Midstream Finance Corp.
|
||||
5.75% due 04/15/251
|
186,000
|
$179,490
|
||
5.50% due 08/15/221
|
14,000
|
13,930
|
||
Ascent Resources Utica Holdings LLC / ARU Finance Corp.
|
||||
10.00% due 04/01/221,4
|
160,000
|
177,600
|
||
PBF Logistics Limited Partnership / PBF Logistics Finance Corp.
|
||||
6.88% due 05/15/231
|
146,000
|
148,920
|
||
CNX Resources Corp.
|
||||
8.00% due 04/01/231
|
107,000
|
112,885
|
||
Total Energy
|
4,543,442
|
|||
Communications - 5.4%
|
||||
Sprint Corp.
|
||||
7.88% due 09/15/231
|
333,000
|
356,310
|
||
7.63% due 02/15/251
|
326,000
|
341,690
|
||
Charter Communications Operating LLC / Charter Communications Operating Capital
|
||||
4.91% due 07/23/251
|
521,000
|
530,802
|
||
CommScope, Inc.
|
||||
5.50% due 06/15/241,4
|
500,000
|
506,875
|
||
CBS Radio, Inc.
|
||||
7.25% due 11/01/241,4
|
375,000
|
354,187
|
||
CenturyLink, Inc.
|
||||
7.50% due 04/01/241
|
321,000
|
336,251
|
||
Sirius XM Radio, Inc.
|
||||
5.38% due 07/15/261,4
|
328,000
|
321,850
|
||
DISH DBS Corp.
|
||||
5.13% due 05/01/201
|
160,000
|
159,400
|
||
7.75% due 07/01/261
|
148,000
|
129,870
|
||
Hughes Satellite Systems Corp.
|
||||
6.50% due 06/15/191
|
264,000
|
270,270
|
||
Frontier Communications Corp.
|
||||
7.63% due 04/15/241
|
281,000
|
191,080
|
||
8.50% due 04/01/261,4
|
80,000
|
77,100
|
||
Inmarsat Finance plc
|
||||
6.50% due 10/01/241,4
|
200,000
|
201,500
|
||
Match Group, Inc.
|
||||
6.38% due 06/01/241
|
160,000
|
169,800
|
||
Cincinnati Bell, Inc.
|
||||
8.00% due 10/15/251,4
|
161,000
|
147,718
|
||
Tribune Media Co.
|
||||
5.88% due 07/15/221
|
130,000
|
131,300
|
||
Altice France S.A.
|
||||
7.38% due 05/01/261,4
|
130,000
|
129,025
|
||
Total Communications
|
4,355,028
|
|||
Basic Materials - 4.3%
|
||||
NOVA Chemicals Corp.
|
||||
5.00% due 05/01/251,4
|
390,000
|
372,450
|
Advent Claymore Enhanced Growth & Income Fund
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
|
July 31, 2018
|
Big River Steel LLC / BRS Finance Corp.
|
||||
7.25% due 09/01/251,4
|
308,000
|
321,090
|
Face
|
||||
Amount~
|
Value
|
|||
CORPORATE BONDS†† - 40.6% (continued)
|
||||
Basic Materials - 4.3% (continued)
|
||||
FMG Resources August 2006 Pty Ltd.
|
||||
4.75% due 05/15/221,4
|
322,000
|
$314,353
|
||
Commercial Metals Co.
|
||||
4.88% due 05/15/231
|
320,000
|
313,600
|
||
First Quantum Minerals Ltd.
|
||||
6.88% due 03/01/261,4
|
320,000
|
312,800
|
||
TPC Group, Inc.
|
||||
8.75% due 12/15/201,4
|
290,000
|
290,000
|
||
Compass Minerals International, Inc.
|
||||
4.88% due 07/15/241,4
|
307,000
|
285,510
|
||
Alcoa Nederland Holding BV
|
||||
6.13% due 05/15/281,4
|
205,000
|
211,662
|
||
AK Steel Corp.
|
||||
7.50% due 07/15/23
|
200,000
|
207,500
|
||
Tronox Finance plc
|
||||
5.75% due 10/01/251,4
|
181,000
|
174,891
|
||
Rayonier AM Products, Inc.
|
||||
5.50% due 06/01/241,4
|
185,000
|
174,540
|
||
Kaiser Aluminum Corp.
|
||||
5.88% due 05/15/241
|
165,000
|
169,125
|
||
Tronox, Inc.
|
||||
6.50% due 04/15/261,4
|
166,000
|
165,170
|
||
New Gold, Inc.
|
||||
6.25% due 11/15/221,4
|
160,000
|
151,200
|
||
Total Basic Materials
|
3,463,891
|
|||
Industrial - 4.1%
|
||||
MasTec, Inc.
|
||||
4.88% due 03/15/231
|
483,000
|
472,133
|
||
Cleaver-Brooks, Inc.
|
||||
7.88% due 03/01/231,4
|
370,000
|
383,412
|
||
TransDigm, Inc.
|
||||
6.38% due 06/15/261
|
298,000
|
300,235
|
||
6.00% due 07/15/221
|
80,000
|
81,616
|
||
Ball Corp.
|
||||
4.38% due 12/15/201
|
320,000
|
324,400
|
||
Louisiana-Pacific Corp.
|
||||
4.88% due 09/15/241
|
311,000
|
308,667
|
||
CNH Industrial Capital LLC
|
||||
3.38% due 07/15/191
|
271,000
|
272,355
|
||
Navios Maritime Holdings Incorporated / Navios Maritime Finance II US Inc.
|
||||
7.38% due 01/15/221,4
|
330,000
|
262,350
|
||
Navios Maritime Acquisition Corporation / Navios Acquisition Finance US, Inc.
|
||||
8.13% due 11/15/211,4
|
256,000
|
211,200
|
||
Xerium Technologies, Inc.
|
||||
9.50% due 08/15/211
|
181,000
|
190,729
|
||
Mueller Water Products, Inc.
|
||||
5.50% due 06/15/261,4
|
178,000
|
180,003
|
||
WESCO Distribution, Inc.
|
||||
5.38% due 06/15/241
|
160,000
|
157,800
|
Face
|
||||
Amount~
|
Value
|
|||
CORPORATE BONDS†† - 40.6% (continued)
|
||||
Industrial - 4.1% (continued)
|
||||
Energizer Holdings, Inc.
|
||||
5.50% due 06/15/251,4
|
160,000
|
$157,800
|
||
Total Industrial
|
3,302,700
|
|||
Technology - 2.2%
|
||||
First Data Corp.
|
||||
5.38% due 08/15/231,4
|
542,000
|
550,807
|
||
Seagate HDD Cayman
|
||||
4.75% due 01/01/251
|
399,000
|
387,597
|
||
West Corp.
|
||||
8.50% due 10/15/251,4
|
420,000
|
367,500
|
||
Dell, Inc.
|
||||
5.88% due 06/15/191
|
246,000
|
250,920
|
||
NCR Corp.
|
||||
5.00% due 07/15/221
|
250,000
|
247,812
|
||
Total Technology
|
1,804,636
|
|||
Financial - 1.8%
|
||||
Credit Acceptance Corp.
|
||||
7.38% due 03/15/231
|
312,000
|
329,160
|
||
Radian Group, Inc.
|
||||
7.00% due 03/15/211
|
241,000
|
258,171
|
||
Alliance Data Systems Corp.
|
||||
5.38% due 08/01/221,4
|
250,000
|
252,250
|
||
CIT Group, Inc.
|
||||
5.38% due 05/15/201
|
241,000
|
248,832
|
||
Navient Corp.
|
||||
5.50% due 01/15/191
|
237,000
|
239,548
|
||
Fidelity & Guaranty Life Holdings, Inc.
|
||||
5.50% due 05/01/251,4
|
162,000
|
157,748
|
||
Total Financial
|
1,485,709
|
|||
Utilities - 0.3%
|
||||
AmeriGas Partners, LP / AmeriGas Finance Corp.
|
||||
5.75% due 05/20/271
|
236,000
|
226,855
|
||
Total Corporate Bonds
|
||||
(Cost $33,168,574)
|
32,887,937
|
|||
SENIOR FLOATING RATE INTERESTS††,6 - 1.0%
|
||||
Consumer, Cyclical - 0.6%
|
||||
PetSmart, Inc.
|
||||
5.34% (3 Month USD LIBOR + 3.00%) due 03/11/22
|
429,236
|
357,786
|
||
Alterra Mountain Co.
|
||||
5.33% (3 Month USD LIBOR + 3.00%) due 07/31/24
|
163,877
|
163,877
|
||
Total Consumer, Cyclical
|
521,663
|
|||
Communications - 0.4%
|
||||
Sprint Communications, Inc.
|
||||
4.50% (3 Month USD LIBOR + 2.50%) due 02/02/24
|
323,900
|
324,345
|
||
Total Senior Floating Rate Interests
|
||||
(Cost $919,157)
|
846,008
|
|||
Total Investments - 140.8%
|
||||
(Cost $112,172,586)
|
$114,186,563
|
|||
Other Assets & Liabilities, net - (40.8)%
|
(33,093,110
|
)
|
||
Total Net Assets - 100.0%
|
$81,093,453
|
Advent Claymore Enhanced Growth & Income Fund
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
|
July 31, 2018
|
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS††
|
||||||||||||||||||
Counterparty
|
Contracts to Sell
|
Currency
|
Settlement
Date
|
Settlement
Value
|
Value at July 31,
2018
|
Net Unrealized
Appreciation
|
||||||||||||
Bank of New York Mellon
|
740,500,000
|
JPY
|
09/14/18
|
$
|
6,751,697
|
$
|
6,635,857
|
$
|
115,840
|
|||||||||
Bank of New York Mellon
|
6,196,000
|
EUR
|
09/14/18
|
7,344,992
|
7,274,695
|
70,297
|
||||||||||||
Bank of New York Mellon
|
1,370,000
|
CHF
|
09/14/18
|
1,399,772
|
1,389,257
|
10,515
|
||||||||||||
Bank of New York Mellon
|
268,000
|
GBP
|
09/14/18
|
360,104
|
352,235
|
7,869
|
||||||||||||
Bank of New York Mellon
|
407,000
|
CAD
|
09/14/18
|
313,342
|
312,847
|
495
|
||||||||||||
$
|
205,016
|
|||||||||||||||||
Counterparty
|
Contracts to Buy
|
Currency
|
Settlement
Date
|
Settlement
Value
|
Value at July 31,
2018
|
Net Unrealized
Appreciation/(Depreciation)
|
||||||||||||
Bank of New York Mellon
|
612,500
|
EUR
|
09/14/18
|
$
|
718,809
|
$
|
719,133
|
$
|
324
|
|||||||||
Bank of New York Mellon
|
10,533
|
CAD
|
09/14/18
|
8,025
|
8,096
|
71
|
||||||||||||
Bank of New York Mellon
|
9,921
|
CHF
|
09/14/18
|
10,000
|
10,060
|
60
|
||||||||||||
Bank of New York Mellon
|
33,489,000
|
JPY
|
09/14/18
|
301,746
|
300,106
|
(1,640
|
)
|
|||||||||||
$
|
(1,185
|
)
|
~
|
The face amount is denominated in U.S. dollars unless otherwise indicated.
|
*
|
Non-income producing security.
|
†
|
Value determined based on Level 1 inputs — See Note 3.
|
††
|
Value determined based on Level 2 inputs — See Note 3.
|
1
|
All or a portion of these securities have been physically segregated or earmarked in connection with borrowings. As of July 31, 2018, the total value of securities segregated was $123,667,033.
|
2
|
Rate indicated is the 7 day yield as of July 31, 2018.
|
3
|
Zero coupon rate security.
|
4
|
Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) liquid securities is $24,554,130 (cost $24,475,548), or 30.3% of total net assets.
|
5
|
Security is a step up/step down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity.
|
6
|
Variable rate security. Rate indicated is the rate effective at July 31, 2018. In some instances, the underlying reference rate shown was below the minimum rate earned by the security or has been adjusted by a predetermined factor. The settlement status of a position may also impact the effective rate indicated. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.
|
7 |
Perpetual maturity.
|
plc
|
Public Limited Company
|
LIBOR
|
London Interbank Offered Rate
|
CAD
|
Canadian Dollar
|
CHF
|
Swiss Franc
|
CNY
|
Chinese Renminbi
|
EUR
|
Euro
|
GBP
|
British Pound
|
HKD
|
Hong Kong Dollar
|
JPY
|
Japanese Yen
|
See Sector Classification in Other Information section.
|
The following table summarizes the inputs used to value the Fund's investments at July 31, 2018 (See Note 3 in the Notes to Schedule of Investments):
|
Investments in Securities (Assets)
|
Level 1 Quoted Prices
|
Level 2 Significant
Observable Inputs
|
Level 3
Significant
Unobservable
Inputs
|
Total
|
||||||||||||
Common Stocks
|
$
|
7,384,135
|
$
|
—
|
$
|
—
|
$
|
7,384,135
|
||||||||
Convertible Preferred Stocks
|
4,704,193
|
—
|
—
|
4,704,193
|
||||||||||||
Money Market Fund
|
4,800,211
|
—
|
—
|
4,800,211
|
||||||||||||
Convertible Bonds
|
—
|
63,564,079
|
—
|
63,564,079
|
||||||||||||
Corporate Bonds
|
—
|
32,887,937
|
—
|
32,887,937
|
||||||||||||
Senior Floating Rate Interests
|
—
|
846,008
|
—
|
846,008
|
||||||||||||
Forward Foreign Currency Exchange Contracts*
|
—
|
205,471
|
—
|
205,471
|
Advent Claymore Enhanced Growth & Income Fund
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
|
July 31, 2018
|
Total Assets
|
$
|
16,888,539
|
$
|
97,503,495
|
$
|
—
|
$
|
114,392,034
|
Investments in Securities (Liabilities)
|
Level 1 Quoted Prices
|
Level 2 Significant
Observable Inputs
|
Level 3
Significant
Unobservable
Inputs
|
Total
|
||||||||||||
Forward Foreign Currency Exchange Contracts*
|
$
|
—
|
$
|
1,640
|
$
|
—
|
$
|
1,640
|
* This derivative is reported as unrealized appreciation/depreciation at period end.
Please refer to the detailed portfolio for the breakdown of investment type by industry category.
The Fund did not hold any Level 3 securities during the period ended July 31, 2018.
|
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 July 31, 2018, there were no transfers between levels.
|
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)
|
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)
|
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)
|
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)
|
Tax Cost
|
Tax Unrealized Appreciation
|
Tax Unrealized Depreciation
|
Net Unrealized Appreciation
|
$ 112,383,218
|
$ 5,461,782
|
$ (3,454,606)
|
$ 2,007,176
|
OTHER INFORMATION (Unaudited)
|
(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 change in the registrant’s internal control 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.
|
Advent/Claymore Enhanced Growth & Income Fund
|
By:
|
/s/ Tracy V. Maitland |
Date:
|
September 28, 2018
|
By:
|
/s/ Tracy V. Maitland |
Date:
|
September 28, 2018
|
By:
|
/s/ Robert White |
Date:
|
September 28, 2018
|