clay49713-nq.htm
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

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

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

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

Date of fiscal year end: October 31                                                                

Date of reporting period: July 31, 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.
Attached hereto.
 

ADVENT CLAYMORE CONVERTIBLE SECURITIES AND INCOME FUND
      
Portfolio of Investments
        
July 31, 2010 (unaudited)
        
           
 Number of Shares
        
 Value
           
   
Long-Term Investments — 156.1%
      
           
   
Convertible Preferred Stocks — 49.3%
      
   
Agriculture — 1.0%
      
                         109,100
  
Archer-Daniels-Midland Co., 6.25%, 2011
    
 $         4,190,531
           
   
Airlines — 0.2%
      
                           20,000
  
Continental Airline Finance Trust II, 6.00%, 2030
    
               646,250
           
   
Auto Manufacturers — 2.5%
      
                         235,000
  
Ford Motor Co. Capital Trust II, 6.50%, 2032
    
          10,936,900
           
   
Banks — 11.5%
      
                           10,650
  
Bank of America Corp., Ser. L, 7.25% (a)
    
            9,798,000
                           85,479
  
Citigroup, Inc., 7.50%, 2012
    
          10,402,794
                           72,176
  
Keycorp, Ser. A, 7.75% (a)
    
            7,325,864
                         217,888
  
Synovus Financial Corp., Ser. tMED, 8.25%, 2013
    
            5,519,103
                             6,000
  
Webster Financial Corp., Ser. A, 8.50% (a)
    
            5,767,500
                           10,852
  
Wells Fargo & Co., Ser. L, 7.50% (a)
    
          10,580,700
         
          49,393,961
   
Electric — 7.4%
      
                         123,400
  
Great Plains Energy, Inc., 12.00%, 2012
    
            7,556,399
                         223,904
  
NextEra Energy Resources, LLC, 8.375%, 2012
    
          11,508,666
                         227,099
  
PPL Corp., 9.50%, 2013
    
          12,669,853
         
          31,734,918
   
Food Products — 1.6%
      
                         623,200
  
Dole Food 2009 Automatic Common Exchange Security Trust, 7.00%, 2012 (b)
    
            6,816,250
           
   
Healthcare Services — 2.9%
      
                             4,500
  
HealthSouth Corp., Ser. A, 6.50% (a)
    
            3,753,000
                         231,000
  
Omnicare Capital Trust II, Ser. B, 4.00%, 2033
    
            8,521,590
         
          12,274,590
   
Housewares — 0.8%
      
                           90,950
  
Newell Financial Trust I, 5.25% (a)
    
            3,353,781
           
   
Insurance — 6.1%
      
                         324,513
  
Hartford Financial Services Group, 7.25%, 2013
    
            7,950,569
                           95,000
  
Reinsurance Group of America, Equity Security Unit, 5.75%, 2051
    
            5,956,500
                         470,667
  
XL Group PLC, 10.75%, 2011 (Ireland)
    
          12,472,675
         
          26,379,744
   
Oil & Gas— 2.4%
      
                         197,924
  
Apache Corp., Ser. D, 6.00%, 2013
    
          10,753,211
           
   
Pharmaceuticals — 2.3%
      
                             9,360
  
Mylan, Inc., 6.50%, 2010
    
            9,919,260
           
   
Pipelines — 1.6%
      
                             6,600
  
El Paso Corp., 4.99% (a)
    
            7,065,010
           
   
Real Estate — 0.8%
      
                           65,000
  
Forest City Enterprises, Inc., Ser. A, 7.00% (a)
    
            3,294,687
           
   
Real Estate Investment Trusts — 1.9%
      
                         353,307
  
Alexandria Real Estate Equities, Inc., Ser. D, 7.00% (a)
    
            8,232,053
           
   
Savings & Loans — 2.2%
      
                         192,788
  
New York Community Capital Trust V, 6.00%, 2051
    
            9,502,521
           
   
Telecommunications — 4.1%
      
                         128,095
  
Crown Castle International Corp., 6.25%, 2012
    
            7,507,648
                           13,155
  
Lucent Technologies Capital Trust I, 7.75%, 2017 (France)
    
            9,997,800
         
          17,505,448
   
Total Convertible Preferred Stocks - 49.3%
      
   
(Cost $191,111,996)
    
        211,999,115
           
 Principal Amount
        
 Value
   
Convertible Bonds — 76.8%
      
   
Aerospace & Defense — 2.4%
      
 $                   2,000,000
  
AAR Corp., BB, 1.625%, 3/01/14 (b)
    
            1,652,500
                      5,445,000
  
Alliant Techsystems, Inc., BB-, 2.75%, 9/15/11
    
            5,383,744
                      3,000,000
  
L-3 Communications Holdings, Inc., BB+, 3.00%, 8/01/35
    
            3,011,250
         
          10,047,494
   
Airlines— 2.2%
      
                      9,281,000
  
UAL Corp., CCC, 4.50%, 6/30/21
    
            9,420,215
           
   
Auto Manufacturers— 1.3%
      
                      3,700,000
  
Ford Motor Co., B, 4.25%, 11/15/16
    
            5,647,125
           
   
Biotechnology — 6.4%
      
                      8,500,000
  
Amgen, Inc., A+, 0.375%, 2/01/13
    
            8,563,750
                      6,250,000
  
Amylin Pharmaceuticals, Inc., NR, 3.00%, 6/15/14
    
            5,445,312
                    10,175,000
  
Gilead Sciences, Inc., NR, 0.50%, 5/01/11
    
          10,378,500
                      3,000,000
  
Life Technologies Corp., BBB-, 3.25%, 6/15/25
    
            3,210,000
         
          27,597,562
   
Building Materials— 1.5%
      
                      6,324,000
  
Cemex SAB de CV, NR, 4.875%, 3/15/15 (Mexico) (b)
    
            6,324,000
           
   
Coal  — 2.1%
      
                      2,050,000
  
Alpha Natural Resources, Inc., BB, 2.375%, 4/15/15
    
            2,183,250
                      8,000,000
  
Massey Energy Co., BB-, 3.25%, 8/01/15
    
            6,900,000
 
  
 
    
            9,083,250
   
Computers — 6.2%
      
                      4,150,000
  
DST Systems, Inc., Ser. C, NR, 4.125%, 8/15/23 (c)
    
            4,310,812
                      9,416,000
  
EMC Corp., A-, 1.75%, 12/01/11
    
          12,193,720
                      2,000,000
  
EMC Corp., A-, 1.75%, 12/01/13
    
            2,705,000
                      3,000,000
  
Radisys Corp., NR, 2.75%, 2/15/13
    
            2,988,750
                      5,000,000
  
SanDisk Corp., BB-, 1.00%, 5/15/13
    
            4,587,500
         
          26,785,782
   
Diversified Financial Services — 2.8%
      
                      5,000,000
  
Affiliated Managers Group, Inc., BBB-, 3.95%, 8/15/38
    
            4,975,000
                      4,320,000
  
Jefferies Group, Inc., BBB, 3.875%, 11/01/29
    
            4,390,200
                      2,681,000
  
Nasdaq OMX Group, Inc., BBB, 2.50%, 8/15/13
    
            2,600,570
         
          11,965,770
   
Electrical Components & Equipment — 1.0%
      
                      5,000,000
  
Suntech Power Holdings Co. Ltd., NR, 3.00%, 3/15/13 (Cayman Islands)
    
            4,068,750
           
   
Energy - Alternate Sources  — 0.9%
      
                      3,500,000
  
Covanta Holding Corp., B, 3.25%, 6/01/14
    
            3,758,125
           
   
Entertainment  — 1.8%
      
                      7,000,000
  
International Game Technology, BBB, 3.25%, 5/01/14
    
            7,752,500
           
   
Healthcare Products — 9.6%
      
                      7,460,000
  
Beckman Coulter, Inc., BBB, 2.50%, 12/15/36
    
            7,637,175
                    10,569,000
  
Hologic, Inc., BB-, 2.00%, 12/15/37 (d)
    
            9,366,776
                      3,000,000
  
Integra LifeSciences Holdings Corp., NR, 2.375%, 6/01/12 (b)
    
            2,842,500
                    15,600,000
  
Medtronic, Inc., AA-, 1.625%, 4/15/13
    
          15,775,500
                      5,540,000
  
NuVasive, Inc., NR, 2.25%, 3/15/13
    
            5,692,350
         
          41,314,301
   
Healthcare Services — 1.8%
      
                      8,265,000
  
LifePoint Hospitals, Inc., B, 3.50%, 5/15/14
    
            7,851,750
           
   
Insurance — 1.9%
      
                      6,760,000
  
Old Republic International Corp., BBB+, 8.00%, 5/15/12
    
            8,281,000
           
   
Internet — 1.3%
      
                      5,600,000
  
Symantec Corp., NR, 1.00%, 6/15/13
    
            5,719,000
           
   
Iron/Steel — 0.6%
      
                      2,333,000
  
Steel Dynamics, Inc., BB+, 5.125%, 6/15/14
    
            2,659,620
           
   
Lodging — 2.2%
      
                      6,973,000
  
MGM Resorts International , CCC+, 4.25%, 4/15/15 (b)
    
            6,240,835
                      4,250,000
  
Morgans Hotel Group Co., NR, 2.375%, 10/15/14
    
            3,176,875
         
            9,417,710
   
Media — 0.6%
      
                      2,750,000
  
XM Satellite Radio, Inc., CCC+, 7.00%, 12/01/14 (b)
    
            2,712,188
           
   
Mining — 1.0%
      
                      3,250,000
  
Newmont Mining Corp., BBB+, 1.625%, 7/15/17
    
            4,387,500
           
   
Miscellaneous Manufacturing — 0.9%
      
                      4,850,000
  
Trinity Industries, Inc., BB-, 3.875%, 6/01/36
    
            4,007,313
           
   
Oil & Gas— 4.0%
      
                      4,266,000
  
Carrizo Oil & Gas, Inc., NR, 4.375%, 6/01/28
    
            3,738,082
                      3,250,000
  
Chesapeake Energy Corp., BB, 2.75%, 11/15/35
    
            2,949,375
                      4,850,000
  
Chesapeake Energy Corp., BB, 2.25%, 12/15/38
    
            3,643,563
                      2,750,000
  
Goodrich Petroleum Corp., NR, 3.25%, 12/01/26
    
            2,650,313
                      4,000,000
  
Nabors Industries, Inc., BBB+, 0.94%, 5/15/11 (Bermuda)
    
            3,960,000
         
          16,941,333
   
Oil & Gas Services — 1.6%
      
                      2,500,000
  
SESI LLC, BB+, 1.50%, 12/15/26 (e)
    
            2,387,500
                      4,970,000
  
Transocean, Inc., Ser. B, BBB+, 1.50%, 12/15/37 (Cayman Islands)
    
            4,597,250
         
            6,984,750
   
Pharmaceuticals — 8.4%
      
                      7,500,000
  
Allergan, Inc., A+, 1.50%, 4/01/26
    
            8,446,875
                      7,282,000
  
King Pharmaceuticals, Inc., BB, 1.25%, 4/01/26
    
            6,553,800
                      4,000,000
  
Medicis Pharmaceutical Corp., NR, 2.50%, 6/04/32
    
            4,085,000
                      3,000,000
  
Omnicare, Inc., Ser. OCR, B+, 3.25%, 12/15/35
    
            2,576,250
                      4,000,000
  
Shire PLC, Ser. SHP, NR, 2.75%, 5/09/14 (Channel Islands)
    
            3,996,888
                      9,066,000
  
Teva Pharmaceutical Industries LLC, Ser. C, A-, 0.25%, 2/01/26 (Israel)
    
          10,505,227
         
          36,164,040
   
Real Estate — 1.0%
      
                      4,231,000
  
Forest City Enterprises, Inc., NR, 3.625%, 10/15/14
    
            4,402,884
           
   
Real Estate Investment Trusts — 5.4%
      
                      2,030,000
  
Annaly Capital Management, Inc., NR, 4.00%, 2/15/15
    
            2,128,962
                      4,200,000
  
BRE Properties, Inc., BBB, 4.125%, 8/15/26
    
            4,242,000
                      2,700,000
  
Home Properties LP, NR, 4.125%, 11/01/26 (b)
    
            2,676,375
                      7,005,000
  
Host Hotels & Resorts LP, BB+, 2.625%, 4/15/27 (b)
    
            6,716,044
                      4,465,000
  
Macerich Co., NR, 3.25%, 3/15/12 (b)
    
            4,392,444
                      3,000,000
  
UDR, Inc., BBB, 4.00%, 12/15/35
    
            3,063,750
         
          23,219,575
   
Semiconductors — 2.7%
      
                      7,000,000
  
Intel Corp., A-, 2.95%, 12/15/35
    
            6,973,750
                      5,209,000
  
Micron Technology, Inc., B, 1.875%, 6/01/14
    
            4,544,853
         
          11,518,603
   
Telecommunications — 5.2%
      
                      6,200,000
  
Anixter International, Inc., B+, 1.00%, 2/15/13
    
            6,045,000
                      5,850,000
  
Ciena Corp., B, 0.25%, 5/01/13
    
            5,089,500
                    11,600,000
  
NII Holdings, Inc., B-, 3.125%, 6/15/12
    
          11,208,500
         
          22,343,000
   
Total Convertible Bonds - 76.8%
      
   
(Cost $303,452,586)
    
        330,375,140
           
   
Corporate Bonds — 25.0%
      
   
Chemicals  — 1.7%
      
                      3,500,000
  
LBI Escrow Corp., BB, 8.00%, 11/01/17 (b)
    
            3,688,125
                      3,500,000
  
Lyondell Chemical Corp., B, 11.00%, 5/01/18
    
            3,784,375
         
            7,472,500
   
Diversified Financial Services — 3.3%
      
                      5,400,000
  
Capital One Capital V, BB, 10.25%, 8/15/39
    
            5,879,250
                      5,000,000
  
CIT Group Funding Co. of Delaware LLC, B+, 10.25%, 5/01/14
    
            5,187,500
                      3,000,000
  
Icahn Enterprises LP, BBB-, 7.75%, 1/15/16
    
            3,022,500
         
          14,089,250
   
Electronics  — 0.2%
      
                      1,000,000
  
Sanmina-SCI Corp., CCC+, 8.125%, 3/01/16
    
            1,022,500
           
   
Food— 1.9%
      
                      2,700,000
  
Smithfield Foods, Inc., B-, 7.00%, 8/01/11
    
            2,760,750
                      2,500,000
  
Smithfield Foods, Inc., B+, 10.00%, 7/15/14 (b)
    
            2,806,250
                      2,800,000
  
Smithfield Foods, Inc., B-, 7.75%, 7/01/17
    
            2,747,500
         
            8,314,500
   
Healthcare Services — 2.1%
      
                      5,500,000
  
Apria Healthcare Group, Inc., BB+, 11.25%, 11/01/14 (b)
    
            5,912,500
                      3,000,000
  
HCA, Inc., BB-, 9.25%, 11/15/16
    
            3,247,500
         
            9,160,000
   
Holding Companies - Diversified  — 1.7%
      
                      6,800,000
  
Leucadia National Corp., BB+, 8.125%, 9/15/15
    
            7,106,000
           
   
Insurance — 3.4%
      
                      7,200,000
  
Liberty Mutual Group, Inc., BB, 10.75%, 6/15/58 (b) (c)
    
            7,956,000
                      5,500,000
  
MetLife, Inc., BBB, 10.75%, 8/01/39
    
            6,810,127
         
          14,766,127
   
Lodging  — 1.3%
      
                      5,501,000
  
Wynn Las Vegas LLC, BB+, 7.75%, 8/15/20 (b)
    
            5,604,144
           
   
Media— 2.0%
      
                      5,344,000
  
Clear Channel Worldwide Holdings, Inc., B, 9.25%, 12/15/17 (b)
    
            5,637,920
                      2,500,000
  
Univision Communication, Inc., B-, 12.00%, 7/01/14 (b)
    
            2,756,250
         
            8,394,170
   
Office/Business Equipment — 0.8%
      
                      3,500,000
  
Xerox Capital Trust I, BB, 8.00%, 2/01/27
    
            3,540,614
           
   
Pharmaceuticals — 1.1%
      
                      4,760,000
  
Axcan Intermediate Holdings, Inc., B, 12.75%, 3/01/16
    
            4,867,100
           
   
Pipelines — 0.5%
      
                      2,000,000
  
Crosstex Energy LP, B+, 8.875%, 2/15/18
    
            2,100,000
           
   
Retail — 1.4%
      
                      5,550,000
  
Toys R Us Property Co. LLC, B+, 8.50%, 12/01/17 (b)
    
            5,869,125
           
   
Storage/Warehousing — 1.2%
      
                      5,000,000
  
Niska Gas Storage US LLC, BB-, 8.875%, 3/15/18 (b)
    
            5,275,000
           
   
Telecommunications — 2.4%
      
                      7,272,000
  
iPCS, Inc., BB-, 2.46938%, 5/01/13 (c)
    
            6,926,580
                      3,000,000
  
Virgin Media Finance PLC, B+, 8.375%, 10/15/19 (United Kingdom)
    
            3,270,000
         
          10,196,580
   
Total Corporate Bonds - 25.0%
      
   
(Cost $101,736,564)
    
        107,777,610
           
 Number of Shares
        
 Value
   
Warrants - 3.3%
      
   
Auto Manufacturers— 0.3%
      
                         320,000
  
Ford Motor Co., expiring 1/01/13 (f)
    
            1,548,800
           
   
Banks — 3.0%
      
                      2,197,361
  
Bank of America Corp., expiring 10/28/18 (f)
    
            6,064,716
                         266,542
  
JP Morgan Chase & Co., expiring 10/28/18 (f)
    
            3,800,889
                         350,000
  
Wells Fargo & Co., expiring 10/28/18 (f)
    
            3,006,500
         
          12,872,105
   
Total Warrants
      
   
(Cost $12,659,811)
    
          14,420,905
           
   
Preferred Stocks — 1.7%
      
   
Banks — 1.7%
      
                             8,800
  
Ally Financial, Inc., Ser. 144a, 7.00%, 2011 (b)
      
 
  
(Cost $7,711,000)
    
            7,227,276
           
   
Total Long-Term Investments - 156.1%
      
   
(Cost $616,671,957)
    
        671,800,046
           
   
Short-Term Investments - 6.4%
      
   
Money Market Funds - 6.4%
      
                    27,361,490
  
Goldman Sachs Financial Prime Obligations
    
 
   
(Cost $27,361,490)
    
          27,361,490
           
   
Total Investments — 162.5%
      
   
(Cost $644,033,447)
    
        699,161,536
   
Liabilities in excess of other Assets—(1.6%)
    
           (6,948,512)
   
Preferred Stock, at redemption value — (-60.9% of Net Assets Applicable to
      
   
Common Shareholders or -37.5% of Total Investments)
    
       (262,000,000)
           
   
Net Assets Applicable to Common Shareholders — 100.0%
    
 $     430,213,024
           
           
 
LLC - Limited Liability Corp.
LP - Limited Partnership
PLC - Public Limited Company
SAB de CV - Publicly Traded Company

(a)
Perpetual maturity.
(b)
Securities are exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2010, these securities amounted to 21.6% of net assets applicable to common shareholders.
(c)
Floating rate security.The rate shown is as of July 31, 2010.
(d)
Security becomes an accreting bond after December 15, 2013 with a 2.0% principal accretion rate.
(e)
Security is a "step down" bond where the coupon decreases or steps down at a predetermined date.
(f)
Non-income producing security.
 
Ratings shown are per Standard & Poor's.  Securities classified as NR are not rated by Standard & Poor's.   Ratings are unaudited.

All percentages shown in the Portfolio of Investments are based on Net Assets Applicable to Common Shareholders  unless otherwise noted.

See previously submitted notes to financial statements for the period ended April 30, 2010.
 
 Country Breakdown as % of Total Investments*
 United States
     91.5 %
 Ireland
     1.8 %
 Israel
     1.5 %
 France
     1.4 %
 Cayman Islands
     1.2 %
 Mexico
     0.9 %
 Channel Islands
     0.6 %
 Bermuda
     0.6 %
 United Kingdom
     0.5 %
 *Subject to change daily.
        
 
 
 
 
 
At July 31, 2010, the cost and related gross unrealized appreciation and depreciation on investments for
  
tax purposes are as follows:
                  
 
Cost of Investments
    
Gross Tax
    
Gross Tax
    
Net Tax Unrealized
  
for Tax Purposes
    
Unrealized Appreciation
    
Unrealized Depreciation
    
Appreciation on Investments
  
$ 648,431,120     $ 59,336,038     $ (8,605,622 )   $ 50,730,416  
 
                   
                   
In accordance with ASC 820 Fair Value Measurements and Disclosures (“ASC 820”) (formerly known as the Statement
of Financial Accounting Standard ("FAS") No. 157), fair value is defined as the price that the Fund would
  
receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal
market, or in the absence of a principal market the most advantageous market for the investment or liability.  ASC 820
establishes three different categories for valuations.  Level 1 valuations are those based upon quoted prices in active markets.
Level 2 valuations are those based upon quoted prices in inactive markets or based upon significant observable inputs
  
(e.g. yield curves; benchmark interest rates; indices).  Level 3 valuations are those based upon unobservable inputs
  
(e.g. discounted cash flow analysis; non-market based methods used to determine fair valuation).  The following table
  
represents the Fund's investments carried on the Statement of Assets and Liabilities by caption and by level within the
fair value hierarchy as of July 31, 2010.
                
 
  Quoted Prices in     Significant              
  Active Markets     Other     Significant        
  for Identical     Observable     Unobservable        
  Assets     Inputs     Inputs        
(Value in $000s)
(Level 1)
    
(Level 2)
    
(Level 3)
    
Total
  
 
                      
Description
                      
                       
Assets:
                      
Convertible Preferred Stocks:
                      
     Agriculture
 $ 4,191     $ -     $ -     $ 4,191  
     Airlines
   -       646       -       646  
     Auto Manufacturers
   10,937       -       -       10,937  
     Banks
   43,626       5,768       -       49,394  
     Electric
   20,226       11,509       -       31,735  
     Food Products
   -       6,816       -       6,816  
     Healthcare Services
   8,522       3,753       -       12,275  
     Housewares
   -       3,354       -       3,354  
     Insurance
   26,380       -       -       26,380  
     Oil & Gas
   10,753       -       -       10,753  
     Pharmaceuticals
   9,919       -       -       9,919  
     Pipelines
   -       7,065       -       7,065  
     Real Estate
   -       3,295       -       3,295  
     Real Estate Investment Trusts
   -       8,232       -       8,232  
     Savings & Loans
   9,502       -       -       9,502  
     Telecommunications
   -       17,505       -       17,505  
                               
Convertible Bonds
   -       330,375       -       330,375  
                               
Corporate Bonds
   -       107,778       -       107,778  
                               
Warrants
   14,421       -       -       14,421  
                               
Preferred Stocks
   -       7,227       -       7,227  
                               
Money Market Fund
   27,362       -       -       27,362  
Total
 $ 185,839     $ 513,323     $ -     $ 699,162  
                               
                               
                               
                               
 
 
 
 
 
Item 2.                      Controls and Procedures.

 
(a)
The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “Investment Company Act”)) as of a date within 90 days of this filing 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 in 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)
The registrant’s principal executive officer and principal financial officer are aware of no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the registrant’s last fiscal quarter that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting.

Item 3.                      Exhibits.

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


 
 
 

SIGNATURES



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

Advent Claymore Convertible Securities and Income Fund

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

Date:
September 28, 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:
 /s/ Tracy V. Maitland
 Tracy V. Maitland
 President and Chief Executive Officer

Date:
 September 28, 2010

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

Date:
 September 28, 2010