UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-22005

 

 

Wells Fargo Advantage Global Dividend Opportunity Fund

(Exact name of registrant as specified in charter)

 

 

525 Market Street, 12^th Floor,

San Francisco, CA 94105

(Address of principal executive offices) (Zip code)

 

 

C. David Messman

Wells Fargo Funds Management, LLC

525 Market Street, 12^th Floor,

San Francisco, CA 94105

(Name and address of agent for service)

 

 

Registrant’s telephone number, including area code: 800-222-8222

Date of fiscal year end: Registrant is making a filing for Wells Fargo Advantage Global Dividend Opportunity Fund.

The Fund had an October 31 fiscal year end.

Date of reporting period: January 31, 2014

 

 

 

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ITEM 1. INVESTMENTS

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Wells Fargo Advantage Global Dividend Opportunity Fund		Portfolio of investments — January 31, 2014 (unaudited)

 

Security name		Shares				Value
Common Stocks : 66.03%
Brazil : 1.39%
Telefonica Brasil ADR (Telecommunication Services, Diversified Telecommunication Services)			300,000			$	5,700,000
Canada : 6.12%
Enbridge Incorporated (Energy, Oil, Gas & Consumable Fuels)			150,000				6,298,500
Manitoba Telecom Services Incorporated (Telecommunication Services, Diversified Telecommunication Services)			20,000				531,897
Rogers Communications Incorporated Class A (Telecommunication Services, Wireless Telecommunication Services)			400,000				16,816,000
Veresen Incorporated (Energy, Oil, Gas & Consumable Fuels)			107,000				1,433,392
							25,079,789
France : 4.62%
Suez Environnement Company SA (Utilities, Multi-Utilities)			999,999				17,917,455
Veolia Environnement SA (Utilities, Multi-Utilities)			65,045				1,022,887
							18,940,342
Germany : 4.67%
Balda AG (Health Care, Health Care Equipment & Supplies)†			500,000				2,528,812
Deutsche Post AG (Industrials, Air Freight & Logistics)			480,000				16,618,136
							19,146,948
Israel : 0.71%
magicJack VocalTec Limited (Telecommunication Services, Diversified Telecommunication Services)†			200,000				2,904,000
Italy : 9.74%
ENI SpA (Energy, Oil, Gas & Consumable Fuels)			200,000				4,545,117
Hera SpA (Utilities, Multi-Utilities)			9,000,000				20,792,900
Terna SpA (Utilities, Electric Utilities)			3,000,000				14,574,047
							39,912,064
Japan : 0.26%
Nippon Telegraph & Telephone Corporation ADR (Telecommunication Services, Diversified Telecommunication Services)			25,000				674,000
NTT DoCoMo Incorporated ADR (Telecommunication Services, Wireless Telecommunication Services)			25,000				400,000
							1,074,000
Netherlands : 0.24%
VimpelCom Limited ADR (Telecommunication Services, Wireless Telecommunication Services)			100,000				969,000
Spain : 4.61%
Red Electrica de Espana SA (Utilities, Electric Utilities)			270,000				18,902,967
United Kingdom : 9.49%
National Grid plc (Utilities, Multi-Utilities)			500,000				6,485,180
Pennon Group plc (Utilities, Water Utilities)			400,000				4,524,009
Severn Trent plc (Utilities, Water Utilities)			200,000				5,678,026
Vodafone Group plc ADR (Telecommunication Services, Wireless Telecommunication Services)			600,000				22,236,000
							38,923,215
United States : 24.18%
AG Mortgage Investment Trust Incorporated (Financials, REITs)			20,000				331,800
Ameresco Incorporated Class A (Industrials, Construction & Engineering)†			131,000				1,291,660
Ashford Hospitality Prime Incorporated (Financials, REITs)			302,100				4,984,650

 

1

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Portfolio of investments — January 31, 2014 (unaudited)		Wells Fargo Advantage Global Dividend Opportunity Fund

 

 

Security name						Shares				Value
United States (continued)
Ashford Hospitality Trust (Financials, REITs)							885,500			$	8,323,700
AT&T Incorporated (Telecommunication Services, Diversified Telecommunication Services)							50,000				1,666,000
CenturyLink Incorporated (Telecommunication Services, Diversified Telecommunication Services)							100,000				2,886,000
Chatham Lodging Trust (Financials, REITs)							600,000				12,546,000
CorEnergy Infrastructure Trust (Financials, Capital Markets)							90,000				603,000
Edison International (Utilities, Electric Utilities)							100,000				4,816,000
Energen Corporation (Energy, Oil, Gas & Consumable Fuels)							55,000				3,889,600
Excel Trust Incorporated (Financials, REITs)							985,000				11,238,850
Hatteras Financial Corporation (Financials, REITs)							50,000				897,000
Medley Capital Corporation (Financials, Capital Markets)							150,000				2,068,500
NorthStar Realty Finance Corporation (Financials, REITs)							125,000				1,823,750
PG&E Corporation (Utilities, Multi-Utilities)							55,000				2,318,250
Physicians Realty Trust (Financials, REITs)							375,000				4,646,250
Preferred Apartment Communities Incorporated (Financials, REITs)							480,000				3,854,400
Public Service Enterprise Group Incorporated (Utilities, Multi-Utilities)							100,000				3,334,000
SCANA Corporation (Utilities, Multi-Utilities)							50,000				2,363,500
Shenandoah Telecommunications Company (Telecommunication Services, Wireless Telecommunication Services)							249,999				6,274,975
Strategic Hotel & Resorts Incorporated (Financials, REITs)†							1,000,000				9,310,000
Summit Hotel Properties Incorporated (Financials, REITs)							586,500				5,225,715
Verizon Communications Incorporated (Telecommunication Services, Diversified Telecommunication Services)							75,000				3,601,500
Whitestone REIT (Financials, REITs)							60,000				819,000
											99,114,100
Total Common Stocks (Cost $248,831,771)											270,666,425
Investment Companies : 0.50%
Tortoise MLP Fund Incorporated							75,000				2,049,000
Total Investment Companies (Cost $1,875,000)											2,049,000
		Dividend yield
Preferred Stocks : 31.42%
Bermuda : 0.28%
Endurance Specialty Holding (Financials, Insurance)			7.75	%			44,000				1,148,400
United Kingdom : 0.37%
Aviva plc (Financials, Insurance)			8.25				55,000				1,514,700
United States : 30.77%
Affiliated Managers Group (Financials, Capital Markets)			5.25				200,000				5,088,000
AG Mortgage Investment Trust Incorporated Series B (Financials, REITs)			8.00				66,000				1,475,760
Arbor Realty Trust Incorporated (Financials, REITs)			7.75				28,000				650,720
Ares Capital Corporation (Financials, Capital Markets)			5.88				15,000				378,450
Argo Group US Incorporated (Financials, Insurance)			6.50				29,000				617,990
Arlington Asset Investment (Financials, Capital Markets)			6.63				110,000				2,395,800
Astoria Financial Corporation Series C (Financials, Thrifts & Mortgage Finance)			6.50				40,000				906,000
Bank of America Corporation Series 5 (Financials, Diversified Financial Services) ±			5.14				40,000				796,000
Citigroup Incorporated (Financials, Diversified Financial Services)			5.80				84,450				1,822,431
CoBank (Financials, Commercial Banks)			6.13				5,000				422,813
Customers Bancorp Incorporated (Financials, Commercial Banks)			6.38				150,000				3,898,500
Deutsche Bank Contingent Capital Trust III (Financials, Commercial Banks)			7.60				20,000				526,800
DTE Energy Company Series Q (Utilities, Multi-Utilities)			5.25				74,300				1,556,585
DTE Energy Company Series Z (Utilities, Multi-Utilities)			6.50				26,900				665,775

 

2

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Wells Fargo Advantage Global Dividend Opportunity Fund		Portfolio of investments — January 31, 2014 (unaudited)

 

 

Security name		Dividend yield						Shares				Value
United States (continued)
DuPont Fabros Technology Incorporated (Financials, REITs)			7.88	%					161,769			$	4,028,048
Dynex Capital Incorporated Series A (Financials, REITs)			8.50						75,000				1,818,000
Entergy Arkansas Incorporated (Utilities, Electric Utilities)			4.90						100,000				2,107,000
Entergy Arkansas Incorporated (Utilities, Electric Utilities)			6.45						166,000				4,108,500
Entergy Corporation (Utilities, Electric Utilities)			5.25						45,000				1,030,950
First Republic Bank Series B (Financials, Commercial Banks)			6.20						20,000				469,800
First Republic Bank Series C (Financials, Commercial Banks)			5.63						47,500				994,175
First Republic Bank Series D (Financials, Commercial Banks)			5.50						45,000				922,050
Gastar Exploration USA (Energy, Oil, Gas & Consumable Fuels)			10.75						75,000				1,931,250
GreenHunter Resources Incorporated (Energy, Energy Equipment & Services) (a)			10.00						61,786				1,158,481
Gulf Power Company (Utilities, Electric Utilities)			5.60						19,000				1,606,484
Hanover Insurance Group (Financials, Insurance)			6.35						77,100				1,667,673
Hercules Technology Grow Capital Incorporated (Financials, Capital Markets)			7.00						45,000				1,170,000
HSBC USA Incorporated (Financials, Commercial Banks)			2.86						33,200				1,533,840
Indianapolis Power & Light Company (Utilities, Electric Utilities)			5.65						22,000				2,068,000
Integrys Energy Group (Utilities, Multi-Utilities) ±			6.15						300,000				7,317,000
JPMorgan Chase & Company (Financials, Diversified Financial Services)			6.70						100,000				2,480,000
Magnum Hunter Resources Corporation (Energy, Oil, Gas & Consumable Fuels)			8.00						75,000				2,173,883
Maiden Holding Limited (Financials, Insurance)			7.75						145,000				3,306,000
Maiden Holding Limited Series A (Financials, Insurance)			8.25						25,000				617,500
Miller Energy Resources (Energy, Oil, Gas & Consumable Fuels) ±			10.98						100,000				2,390,000
NextEra Energy Capital Holding Incorporated Series I (Utilities, Electric Utilities)			5.13						243,000				4,823,550
NextEra Energy Capital Holding Incorporated Series J (Utilities, Electric Utilities)			5.00						213,000				4,072,560
PartnerRe Limited (Financials, Insurance)			5.88						110,000				2,337,500
PPL Capital Funding Incorporated (Utilities, Electric Utilities)			5.90						385,300				8,761,722
Principal Financial Group (Financials, Insurance) ±			6.65						50,000				1,225,000
Public Storage Series W (Financials, REITs)			5.20						10,000				199,300
Public Storage Series X (Financials, REITs)			5.20						10,000				201,200
Qwest Corporation (Telecommunication Services, Diversified Telecommunication Services)			6.13						185,000				3,801,750
Red Lion Hotels Capital Trust (Consumer Discretionary, Hotels, Restaurants & Leisure)			9.50						40,000				1,040,160
SCANA Corporation (Utilities, Multi-Utilities)			7.70						140,000				3,673,600
SCE Trust I (Utilities, Electric Utilities)			5.63						125,000				2,706,250
SCE Trust II (Utilities, Electric Utilities)			5.10						268,200				5,283,540
Selective Insurance Group (Financials, Insurance)			5.88						150,000				3,114,000
Sotherly Hotels Incorporated (Financials, REITs)			8.00						284,000				7,384,000
Stanley Black & Decker I (Industrials, Machinery)			5.75						227,242				5,144,759
TCF Financial Corporation Series B (Financials, Commercial Banks)			6.45						35,000				827,050
Torchmark Corporation (Financials, Insurance)			5.88						13,000				300,300
Triangle Capital Corporation (Financials, Capital Markets)			6.38						55,000				1,342,000
Vanguard Natural Resources, LLC (Energy, Oil, Gas & Consumable Fuels)			7.88						128,500				3,427,095
Verizon Communications (Telecommunication Services, Diversified Telecommunication Services)			5.90						15,000				375,000
													126,140,594
Total Preferred Stocks (Cost $133,375,857)													128,803,694
						Expiration date
Warrants : 0.01%
United States : 0.01%
GreenHunter Water, LLC (Energy, Energy Equipment & Services)†(a)						9-19-2018			96,112				38,378
Total Warrants (Cost $0)													38,378

 

 

3

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Portfolio of investments — January 31, 2014 (unaudited)		Wells Fargo Advantage Global Dividend Opportunity Fund

 

 

Security name						Yield				Shares				Value
Short-Term Investments : 2.80%
Investment Companies : 2.80%
Wells Fargo Advantage Cash Investment Money Market Fund, Select Class (l)(u)							0.07	%			11,455,854			$	11,455,854
Total Short-Term Investments (Cost $11,455,854)															11,455,854
Total investments in securities (Cost $395,538,482)*			100.76	%											413,013,351
Other assets and liabilities, net			(0.76	)											(3,107,372	)
Total net assets			100.00	%										$	409,905,979

 

†	Non-income-earning security

±	Variable rate investment. The rate shown is the rate in effect at period end.

(a)	Security is fair valued by the Management Valuation Team, and in certain instances by the Board of Trustees, in accordance with procedures approved by the Board of Trustees.

(l)	Investment in an affiliate

(u)	Rate shown is the 7-day annualized yield at period end.

*	Cost for federal income tax purposes is $394,477,790 and unrealized appreciation (depreciation) consists of:

Gross unrealized appreciation                 $36,407,195

Gross unrealized depreciation                 (17,871,634)

Net unrealized appreciation                     $18,535,561

 

4

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Wells Fargo Advantage Global Dividend Opportunity Fund (the “Fund”)

Notes to Portfolio of investments – January 31, 2014 (unaudited)

 

Securities valuation

All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time).

Equity securities and options that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price. If no sale occurs on the primary exchange or market for the security that day, the prior day’s price will be deemed “stale” and fair values will be determined in accordance with the Fund’s Valuation Procedures. Non-listed OTC options are valued at the evaluated price provided by an independent pricing service or an independent broker-dealer that the Management Valuation Team of Wells Fargo Funds Management, LLC (“Funds Management”) has determined is an acceptable source.

The values of securities denominated in foreign currencies will be converted to U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Management Valuation Team.

Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore may not fully reflect trading or events that occur after the close of the principal exchange in which the foreign securities are traded, but before the close of the New York Stock Exchange. If such trading or events are expected to materially affect the value of such securities, then fair value pricing procedures approved by the Board of Trustees of the Fund are applied. These procedures take into account multiple factors including movements in U.S. securities markets after foreign exchanges close. Foreign securities that are fair valued under these procedures are categorized as Level 2 and the application of these procedures may result in transfers between Level 1 and Level 2. Depending on market activity, such fair valuations may be frequent. Such fair value pricing may result in NAVs that are higher or lower than NAVs based on the last reported sales price or latest quoted bid price. On January 31, 2014, such fair value pricing was not used in pricing foreign securities.

Investments in registered open-end investment companies are valued at net asset value.

Investments which are not valued using any of the methods discussed above are valued at their fair value, as determined in good faith by the Board of Trustees. The Board of Trustees has established a Valuation Committee comprised of the Trustees and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities, unless the determination has been delegated to the Management Valuation Team. The Board of Trustees retains the authority to make or ratify any valuation decisions or approve any changes to the Valuation Procedures as it deems appropriate. On a quarterly basis, the Board of Trustees receives reports on any valuation actions taken by the Valuation Committee or the Management Valuation Team which may include items for ratification.

Valuations of fair valued securities are compared to the next actual sales price when available, or other appropriate market values, to assess the continued appropriateness of the fair valuation methodologies used. These securities are fair valued on a day-to-day basis, taking into consideration changes to appropriate market information and any significant changes to the inputs considered in the valuation process until there is a readily available price provided on an exchange or by an independent pricing service. Valuations received from an independent pricing service or independent broker-dealer quotes are periodically validated by comparisons to most recent trades and valuations provided by other independent pricing services in addition to the review of prices by the adviser and/or subadviser. Unobservable inputs used in determining fair valuations are identified based on the type of security, taking into consideration factors utilized by market participants in valuing the investment, knowledge about the issuer and the current market environment.

Foreign currency translation

The accounting records of the Fund are maintained in U.S. dollars. The values of other assets and liabilities denominated in foreign currencies will be converted to U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Management Valuation Team. Purchases and sales of securities, and income and expenses are converted at the rate of exchange on the respective dates of such transactions. Reported net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the U.S. dollar equivalent of the amounts actually paid or received. Net unrealized foreign exchange gains and losses arise from changes in the fair value of assets and liabilities other than investments in securities resulting from changes in exchange rates.

The changes in net assets arising from changes in exchange rates and the changes in net assets resulting from changes in market prices of securities are not separately presented. Such changes are recorded with net realized and unrealized gains or losses from investments. Gains and losses from certain foreign currency transactions are treated as ordinary income for U.S. federal income tax purposes.

Options

The Fund may be subject to equity price risk and foreign currency exchange rate risk in the normal course of pursuing its investment objectives. The Fund may write covered call options or secured put options on individual securities and/or indexes. When the Fund writes an option, an amount equal to the premium received is recorded as a liability and is subsequently adjusted to the current market value of the written option. Premiums received from written options that expire unexercised are recognized as realized gains from investments on the expiration date. For exercised options, the difference between the premium received and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is treated as a realized gain or loss. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security in calculating the realized gain or loss on the sale. If a put option is exercised, the premium reduces the cost of the security purchased. The Fund, as a writer of an option, bears the market risk of an unfavorable change in the price of the security and/or index underlying the written option.

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The Fund may also purchase call or put options. The premium is included in the Statement of Assets and Liabilities as an investment, the value of which is subsequently adjusted based on the current market value of the option. Premiums paid for purchased options that expire are recognized as realized losses from investments on the expiration date. Premiums paid for purchased options that are exercised or closed are added to the amount paid or offset against the proceeds received for the underlying security to determine the realized gain or loss. The risk of loss associated with purchased options is limited to the premium paid.

Options traded on an exchange are regulated and terms of the options are standardized. Options traded over the counter expose the Fund to counterparty risk in the event the counterparty does not perform. This risk is mitigated by having a master netting arrangement between the Fund and the counterparty and by having the counterparty post collateral to cover the Fund’s exposure to the counterparty.

Fair valuation measurements

Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Fund’s investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to significant unobservable inputs (Level 3). The Fund’s investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:

 

		Level 1		–		quoted prices in active markets for identical securities
		Level 2		–		other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, use of amortized cost, etc.)
		Level 3		–		significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.

As of January 31, 2014, the inputs used in valuing investments in securities were as follows:

 

Investments in securities		Quoted prices (Level 1)				Other significant observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Total
Equity securities
Common stocks		$	270,666,425			$	0			$	0			$	270,666,425
Investment companies			2,049,000				0				0				2,049,000
Preferred stocks			119,064,416				9,739,278				0				128,803,694
Warrants			0				38,378				0				38,378
Short-term investments
Investment companies			11,455,854				0				0				11,455,854
		$	403,235,695			$	9,777,656			$	0			$	413,013,351

As of January 31, 2014, the inputs used in valuing the Fund’s other financial instruments were as follows:

 

Other financial instruments		Quoted prices (Level 1)				Other significant observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Total
Written options		$	0			$	(39,767	)		$	0			$	(39,767	)

Transfers in and transfers out are recognized at the end of the reporting period. For the three months ended January 31, 2014, the Fund did not have any transfers into/out of Level 1, Level 2, or Level 3.

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Derivative transactions

As of January 31, 2014, the Fund entered into written options for economic hedging purposes. Open call options written at January 31, 2014 were as follow for the Fund:

 

Expiration date		Counterparty				Number of contracts		Strike price		Value
2-21-2014		Citigroup Global Markets Incorporated		DAX Index		210		10,192 EUR		$	(1,483	)
2-21-2014		Citigroup Global Markets Incorporated		SX5E Index		322		3,313 EUR			(1,561	)
2-21-2014		Credit Suisse Securities (USA) LLC		HSI Index		93		24,118 HKD			(2,095	)
2-21-2014		Goldman Sachs & Company		MIB Index		255		20,912 EUR			(23,787	)
2-21-2014		Goldman Sachs & Company		NKY Index		89		16,900 JPY			(10,841	)

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The following is a list of common abbreviations for terms and entities that may have appeared in this report.

ACA — ACA Financial Guaranty Corporation

ADR — American depositary receipt

ADS — American depositary shares

AGC — Assured Guaranty Corporation

AGM — Assured Guaranty Municipal

Ambac — Ambac Financial Group Incorporated

AMT — Alternative minimum tax

AUD — Australian dollar

BAN — Bond anticipation notes

BHAC — Berkshire Hathaway Assurance Corporation

BRL — Brazilian real

CAB — Capital appreciation bond

CAD — Canadian dollar

CCAB — Convertible capital appreciation bond

CDA — Community Development Authority

CDO — Collateralized debt obligation

CHF — Swiss franc

COP — Certificate of participation

CLP — Chilean peso

DKK — Danish krone

DRIVER — Derivative inverse tax-exempt receipts

DW&P — Department of Water & Power

DWR — Department of Water Resources

ECFA — Educational & Cultural Facilities Authority

EDA — Economic Development Authority

EDFA — Economic Development Finance Authority

ETF — Exchange-traded fund

EUR — Euro

FDIC — Federal Deposit Insurance Corporation

FFCB — Federal Farm Credit Banks

FGIC — Financial Guaranty Insurance Corporation

FHA — Federal Housing Administration

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FICO — The Financing Corporation

FNMA — Federal National Mortgage Association

FSA — Farm Service Agency

GBP — Great British pound

GDR — Global depositary receipt

GNMA — Government National Mortgage Association

GO — General obligation

HCFR — Healthcare facilities revenue

HEFA — Health & Educational Facilities Authority

HEFAR — Higher education facilities authority revenue

HFA — Housing Finance Authority

HFFA — Health Facilities Financing Authority

HKD — Hong Kong dollar

HUD — Department of Housing and Urban Development

HUF — Hungarian forint

IDA — Industrial Development Authority

IDAG — Industrial Development Agency

IDR — Industrial development revenue

IEP — Irish pound

JPY — Japanese yen

KRW — Republic of Korea won

LIBOR — London Interbank Offered Rate

LIQ — Liquidity agreement

LLC — Limited liability company

LLLP — Limited liability limited partnership

LLP — Limited liability partnership

LOC — Letter of credit

LP — Limited partnership

MBIA — Municipal Bond Insurance Association

MFHR — Multifamily housing revenue

MSTR — Municipal securities trust receipts

MTN — Medium-term note

MUD — Municipal Utility District

MXN — Mexican peso

MYR — Malaysian ringgit

National — National Public Finance Guarantee Corporation

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NGN — Nigerian naira

NOK — Norwegian krone

NZD — New Zealand dollar

PCFA — Pollution Control Financing Authority

PCL — Public Company Limited

PCR — Pollution control revenue

PFA — Public Finance Authority

PFFA — Public Facilities Financing Authority

PFOTER — Puttable floating option tax-exempt receipts

plc — Public limited company

PLN — Polish zloty

PUTTER — Puttable tax-exempt receipts

R&D — Research & development

Radian — Radian Asset Assurance

RAN — Revenue anticipation notes

RDA — Redevelopment Authority

RDFA — Redevelopment Finance Authority

REIT — Real estate investment trust

ROC — Reset option certificates

RON — Romanian lei

RUB — Russian ruble

SAVRS — Select auction variable rate securities

SBA — Small Business Authority

SEK — Swedish krona

SFHR — Single-family housing revenue

SFMR — Single-family mortgage revenue

SGD — Singapore dollar

SKK — Slovakian koruna

SPA — Standby purchase agreement

SPDR — Standard & Poor’s Depositary Receipts

STRIPS — Separate trading of registered interest and principal securities

TAN — Tax anticipation notes

TBA — To be announced

THB — Thai baht

TIPS — Treasury inflation-protected securities

TRAN — Tax revenue anticipation notes

TRY — Turkish lira

TTFA — Transportation Trust Fund Authority

TVA — Tennessee Valley Authority

ZAR — South African rand

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ITEM 2. CONTROLS AND PROCEDURES

(a) The President and Treasurer have concluded that the Wells Fargo Advantage Global Dividend Opportunity Fund (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons based on their evaluation of these controls and procedures as of a date within 90 days of the filing of this report.

(b) There were no significant changes in the Trust’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the second fiscal quarter of the period covered by this report that materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

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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.

 

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.