Form N-Q

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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, 12th Floor, San Francisco, CA 94105

(Address of principal executive offices) (Zip code)

 

 

C. David Messman

Wells Fargo Funds Management, LLC

525 Market Street, 12th 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: October 31

Registrant is making a filing for Wells Fargo Global Dividend Opportunity Fund.

Date of reporting period: January 31, 2015

 

 

 


ITEM 1. INVESTMENTS


  Wells Fargo Advantage Global Dividend Opportunity Fund

Portfolio of investments — January 31, 2015 (unaudited)  

 

Security name    Shares      Value  

Common Stocks : 62.15%

     

Austria : 0.65%

     

Verbund AG (Utilities, Electric Utilities)

     150,000       $ 2,625,397   
     

 

 

 

Canada : 5.15%

Enbridge Incorporated (Energy, Oil, Gas & Consumable Fuels)

  150,000      7,264,500   

Veresen Incorporated (Energy, Oil, Gas & Consumable Fuels)

  1,075,000      13,679,665   
  20,944,165   
     

 

 

 

Finland : 4.72%

Fortum Oyj (Utilities, Electric Utilities)

  900,000      19,197,671   
     

 

 

 

France : 4.81%

Suez Environnement Company SA (Utilities, Multi-Utilities)

  999,999      18,382,323   

Veolia Environnement SA (Utilities, Multi-Utilities)

  65,045      1,191,567   
  19,573,890   
     

 

 

 

Germany : 3.82%

Deutsche Post AG (Industrials, Air Freight & Logistics)

  480,000      15,534,279   
     

 

 

 

Israel : 0.29%

Cellcom Israel Limited (Telecommunication Services, Wireless Telecommunication Services)†

  168,600      890,367   

magicJack VocalTec Limited (Telecommunication Services, Diversified Telecommunication Services)†

  43,050      298,767   
  1,189,134   
     

 

 

 

Italy : 6.25%

ENI SpA (Energy, Oil, Gas & Consumable Fuels)

  200,000      3,365,715   

Hera SpA (Utilities, Multi-Utilities)

  8,000,000      19,606,272   

Snam SpA (Utilities, Gas Utilities)

  500,000      2,446,424   
  25,418,411   
     

 

 

 

Japan : 0.01%

NTT DoCoMo Incorporated (Telecommunication Services, Wireless Telecommunication Services)

  2,000      33,763   
     

 

 

 

Spain : 5.17%

Endesa SA (Utilities, Electric Utilities)

  200,000      3,991,565   

Red Electrica Corporation SA (Utilities, Electric Utilities)

  200,000      17,039,618   
  21,031,183   
     

 

 

 

Switzerland : 1.66%

Swiss Reinsurance AG (Financials, Insurance)

  75,000      6,765,555   
     

 

 

 

United Kingdom : 6.80%

National Grid plc (Utilities, Multi-Utilities)

  500,000      7,029,502   

Pennon Group plc (Utilities, Water Utilities)

  400,000      5,346,861   

Severn Trent plc (Utilities, Water Utilities)

  200,000      6,474,949   

Vodafone Group plc ADR (Telecommunication Services, Wireless Telecommunication Services)

  250,000      8,782,500   
  27,633,812   
     

 

 

 

United States : 22.82%

AG Mortgage Investment Trust Incorporated (Financials, REITs)

  20,000      367,800   

Ameresco Incorporated Class A (Industrials, Construction & Engineering)†

  131,000      763,730   

Ashford Hospitality Prime Incorporated (Financials, REITs)

  302,100      5,184,036   

Chatham Lodging Trust (Financials, REITs)

  600,000      18,678,000   

CorEnergy Infrastructure Trust Incorporated (Financials, REITs)

  90,000      589,500   

Energen Corporation (Energy, Oil, Gas & Consumable Fuels)

  55,000      3,488,100   

Excel Trust Incorporated (Financials, REITs)

  700,000      9,828,000   

GreenHunter Resources Incorporated (Energy, Energy Equipment & Services)†

  833,334      666,667   

 

1


  Portfolio of investments — January 31, 2015 (unaudited)

Wells Fargo Advantage Global Dividend Opportunity Fund  

 

Security name                 Shares      Value  

United States (continued)

          

Medley Capital Corporation (Financials, Capital Markets)

          100,000       $ 882,000   

NorthStar Asset Management Group Incorporated (Financials, Capital Markets)

          62,500         1,323,125   

NorthStar Realty Finance Corporation (Financials, REITs)

          62,500         1,181,875   

PacWest Bancorp (Financials, Banks)

          200,000         8,551,000   

PG&E Corporation (Utilities, Multi-Utilities)

          55,000         3,234,550   

Physicians Realty Trust (Financials, REITs)

          372,500         6,570,900   

PNM Resources Incorporated (Utilities, Electric Utilities)

          100,000         3,050,000   

Preferred Apartment Communities Incorporated Class A (Financials, REITs)

          480,000         4,852,800   

Safeway Casa Ley Contingent Value Rights (Consumer Staples, Food & Staples Retailing) †(a)

          750,000         0   

Safeway PDC Contingent Value Rights (Consumer Staples, Food & Staples Retailing) †(a)

          750,000         0   

SCANA Corporation (Utilities, Multi-Utilities)

          50,000         3,188,500   

Shenandoah Telecommunications Company (Telecommunication Services, Wireless Telecommunication Services)

          274,999         8,170,220   

Spark Energy Incorporated Class A (Utilities, Electric Utilities)

          126,000         1,936,620   

Summit Hotel Properties Incorporated (Financials, REITs)

          397,833         5,100,219   

United States Cellular Corporation (Telecommunication Services, Wireless Telecommunication Services)†

          150,000         5,218,500   
             92,826,142   
          

 

 

 

Total Common Stocks (Cost $220,804,355)

  252,773,402   
          

 

 

 
     Interest rate     Maturity date      Principal         

Corporate Bonds and Notes : 1.39%

          

United States : 1.39%

          

BreitBurn Energy Partners LP (Energy, Oil, Gas & Consumable Fuels)

     8.63     10-15-2020       $ 5,680,000         4,018,600   

Energy and Exploration Partners Incorporated (Energy, Oil, Gas & Consumable Fuels) (i)

     8.00        7-1-2019         5,000,000         1,650,000   

Total Corporate Bonds and Notes (Cost $9,664,003)

             5,668,600   
          

 

 

 
     Dividend yield            Shares         

Preferred Stocks : 27.34%

          

Marshall Islands : 4.14%

          

Navios Maritime Holdings Incorporated (Industrials, Marine)

     8.63           59,000         1,177,050   

Safe Bulkers Incorporated (Industrials, Marine)

     8.00           50,000         975,500   

Scorpio Bulkers Incorporated (Industrials, Marine)

     7.50           105,000         2,203,950   

Scorpio Tankers Incorporated (Energy, Oil, Gas & Consumable Fuels)

     6.75           40,000         920,000   

Scorpio Tankers Incorporated (Energy, Oil, Gas & Consumable Fuels)

     7.50           280,000         7,000,000   

Seaspan Corporation (Industrials, Marine)

     6.38           105,000         2,640,750   

Seaspan Corporation Series E (Industrials, Marine)

     8.25           75,000         1,926,000   
          16,843,250   
          

 

 

 

United States : 23.20%

AmTrust Financial Services Series C (Financials, Insurance)

  7.63      50,000      1,268,500   

Arlington Asset Investment (Financials, Capital Markets)

  6.63      110,000      2,706,000   

Atlas Pipeline Partners Series E (Energy, Oil, Gas & Consumable Fuels)

  8.25      120,600      3,037,914   

Bank of America Corporation Series 5 (Financials, Banks) ±

  1.27      40,000      805,200   

Bank of America Corporation Series Y (Financials, Banks)

  6.50      250,000      6,327,500   

Breitburn Energy Partner Incorporated Series A (Energy, Oil, Gas & Consumable Fuels)

  8.25      185,000      3,766,600   

Capital One Financial Corporation Series D (Financials, Consumer Finance)

  6.70      70,000      1,850,100   

CHS Incorporated (Consumer Staples, Food & Staples Retailing) ±

  1.97      30,000      756,300   

Cowen Group Incorporated (Financials, Capital Markets)

  8.25      85,000      2,218,500   

Customers Bancorp Incorporated (Financials, Banks)

  6.38      107,450      2,871,064   

DTE Energy Company Series Q (Utilities, Multi-Utilities)

  5.25      3,265      82,441   

DTE Energy Company Series Z (Utilities, Multi-Utilities)

  6.50      1,900      51,186   

Entergy Arkansas Incorporated (Utilities, Electric Utilities)

  4.75      11,600      274,804   

Entergy Arkansas Incorporated (Utilities, Electric Utilities)

  4.90      120,000      2,869,200   

 

2


  Wells Fargo Advantage Global Dividend Opportunity Fund

Portfolio of investments — January 31, 2015 (unaudited)  

 

 

Security name    Dividend yield             Shares      Value  

United States (continued)

           

Entergy Louisiana LLC (Utilities, Electric Utilities)

     4.70            25,000       $ 587,500   

Entergy Louisiana LLC (Utilities, Electric Utilities)

     5.25            45,000         1,135,350   

Gastar Exploration Incorporated Series B (Energy, Oil, Gas & Consumable Fuels)

     10.75            56,900         1,322,925   

GreenHunter Resources Incorporated (Energy, Energy Equipment & Services)

     10.55            61,786         1,143,035   

Hercules Technology Growth Capital Incorporated (Financials, Capital Markets)

     6.25            125,000         3,145,000   

Indianapolis Power & Light Company (Utilities, Electric Utilities)

     5.65            22,000         2,235,064   

Integrys Energy Group (Utilities, Multi-Utilities) ±

     1.37            100,000         2,736,000   

Invesco Mortgage Capital Series B (Financials, REITs)

     7.75            75,000         1,848,000   

Legacy Reserves LP Series A (Energy, Oil, Gas & Consumable Fuels) ±

     3.17            29,500         619,500   

Legacy Reserves LP Series B (Energy, Oil, Gas & Consumable Fuels) ±

     3.28            100,000         2,033,000   

Magnum Hunter Resources Corporation (Energy, Oil, Gas & Consumable Fuels)

     8.00            75,000         1,237,500   

Miller Energy Resources Series D (Energy, Oil, Gas & Consumable Fuels) ±

     11.92            100,000         1,101,000   

NextEra Energy Capital Holding Incorporated Series I (Utilities, Electric Utilities)

     5.13            143,000         3,477,760   

NextEra Energy Capital Holding Incorporated Series J (Utilities, Electric Utilities)

     5.00            133,000         3,117,520   

PPL Capital Funding Incorporated Series B (Utilities, Electric Utilities)

     5.90            127,300         3,246,150   

Public Storage Series A (Financials, REITs)

     5.88            25,000         642,750   

Qwest Corporation (Telecommunication Services, Diversified Telecommunication Services)

     6.13            105,000         2,574,600   

Resource Capital Corporation (Financials, REITs) ±

     2.34            25,000         575,000   

SCE Trust II (Utilities, Electric Utilities)

     5.10            168,200         4,031,754   

Sotherly Hotels Incorporated (Financials, REITs)

     7.00            75,000         1,870,500   

Sotherly Hotels Incorporated (Financials, REITs)

     8.00            284,000         7,455,000   

State Street Corporation (Financials, Capital Markets)

     6.00            100,000         2,573,000   

THL Credit Incorporated (Financials, Capital Markets)

     6.75            75,000         1,897,500   

TravelCenters of America LLC (Consumer Discretionary, Specialty Retail)

     8.00            175,000         4,550,000   

United States Cellular Corporation (Telecommunication Services, Wireless Telecommunication Services)

     7.25            125,000         3,148,750   

Urstadt Biddle Properties Series G (Financials, REITs)

     6.75            40,000         1,088,400   

Vanguard Natural Resources LLC Series B (Energy, Oil, Gas & Consumable Fuels)

     7.63            150,000         3,204,000   

Vanguard Natural Resources LLC Series C (Energy, Oil, Gas & Consumable Fuels)

     7.75            133,500         2,882,264   
              94,364,131   
           

 

 

 

Total Preferred Stocks (Cost $113,894,975)

  111,207,381   
           

 

 

 
            Expiration date                

Warrants : 0.01%

           

United States : 0.01%

           

GreenHunter Water LLC (Energy, Energy Equipment & Services)†(a)

        12-31-2049         96,112         31,678   
           

 

 

 

Total Warrants (Cost $0)

  31,678   
           

 

 

 

 

3


  Portfolio of investments — January 31, 2015 (unaudited)

Wells Fargo Advantage Global Dividend Opportunity Fund  

 

 

     Yield                       

Short-Term Investments : 0.13%

          

Investment Companies : 0.13%

          

Wells Fargo Advantage Cash Investment Money Market Fund, Select Class (l)(u)

     0.10        516,325       $ 516,325   
          

 

 

 

Total Short-Term Investments (Cost $516,325)

  516,325   
          

 

 

 

Total investments in securities (Cost $344,879,658)*

  91.02   370,197,386   

Other assets and liabilities, net

  8.98      36,519,109   
  

 

 

         

 

 

 

Total net assets

  100.00 $ 406,716,495   
  

 

 

         

 

 

 

 

Non-income-earning security
(a) The security is fair valued in accordance with procedures approved by the Board of Trustees.
(i) Illiquid security
± Variable rate investment. The rate shown is the rate in effect at period end.
(l) The security represents an affiliate of the Fund as defined in the Investment Company Act of 1940.
(u) The rate represents the 7-day annualized yield at period end.
* Cost for federal income tax purposes is $342,935,451 and unrealized gains (losses) consists of:

 

Gross unrealized gains

$ 52,034,892   

Gross unrealized losses

  (24,772,957
  

 

 

 

Net unrealized gains

$ 27,261,935   

 

Abbreviations:

ADR

American depositary receipt

LLC

Limited liability company

LP

Limited partnership

plc

Public limited company

 

4


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

Notes to Portfolio of investments – January 31, 2015 (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 are translated into 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 net asset values that are higher or lower than net asset values based on the last reported sales price or latest quoted bid price. On January 31, 2015, such fair value pricing was used in pricing foreign securities.

Fixed income securities acquired with maturities exceeding 60 days are valued based on evaluated bid prices provided by an independent pricing service which may utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data. If prices are not available from the independent pricing service or prices received are deemed not representative of market value, prices will be obtained from an independent broker-dealer.

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 are translated into 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. 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 included in net realized and unrealized gains or losses from investments.

Options

The Fund is 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 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.

The Fund may also purchase call or put options. When the Fund purchases a put or call option, an amount equal to the premium paid is recorded as the cost of the investment and subsequently marked-to-market daily with the difference between the premium paid and the market value of the purchased option being recorded as an unrealized gain or loss. Premiums paid for purchased options that expire are recognized as realized losses 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. Purchased options traded over-the-counter expose the Fund to counterparty risk in the event the counterparty does not perform. This risk can be 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.

The following is a summary of the inputs used in valuing the Fund’s assets and liabilities as of January 31, 2015:

 

     Quoted prices
(Level 1)
     Other significant
observable inputs
(Level 2)
     Significant
unobservable inputs
(Level 3)
     Total  

Assets

           

Investments in :

           

Common stocks

           

Austria

   $ 0       $ 2,625,397       $ 0       $ 2,625,397   

Canada

     20,944,165         0         0         20,944,165   

Finland

     0         19,197,671         0         19,197,671   

France

     0         19,573,890         0         19,573,890   

Germany

     0         15,534,279         0         15,534,279   

Israel

     298,767         890,367         0         1,189,134   

Italy

     0         25,418,411         0         25,418,411   

Japan

     0         33,763         0         33,763   

Spain

     0         21,031,183         0         21,031,183   

Switzerland

     0         6,765,555         0         6,765,555   

United Kingdom

     8,782,500         18,851,312         0         27,633,812   

United States

     92,826,142         0         0         92,826,142   

Preferred stocks

           

Marshall Islands

     16,843,250         0         0         16,843,250   


United States

     84,674,067         9,690,064         0         94,364,131   

Warrants

           

United States

     0         31,678         0         31,678   

Corporate bonds and notes

     0         5,668,600         0         5,668,600   

Short-term investments

           

Investment companies

     516,325         0         0         516,325   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

$ 224,885,216    $ 145,312,170    $ 0    $ 370,197,386   

Liabilities

Written options

$ 0    $ 209,680    $ 0    $ 209,680   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

$ 0    $ 209,680    $   0    $ 209,680   
  

 

 

    

 

 

    

 

 

    

 

 

 

The Fund recognizes transfers between levels within the fair value hierarchy at the end of the reporting period. At January 31, 2015, fair value pricing was used in pricing certain foreign securities and securities valued at $129,921,827 were transferred from Level 1 to Level 2. The Fund did not have any transfers into/out of Level 3.

Derivative transactions

During the three months ended January 31, 2015, the Fund entered into written options for economic hedging purposes. Open call options written at January 31, 2015 were as follow for the Fund:

 

Expiration date

   Counterparty    Description    Number of
contracts
     Strike price    Value  

2-20-2015

   Citigroup    EURO STOXX 50 Index      734       3,475 EUR    $ (155,843

2-20-2015

   Citigroup    Nikkei 225 Index      95       18,534 JPY      (53,837


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 — Columbian Peso

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 — Indonesian rupiah

IEP — Irish pound

JPY — Japanese yen

KRW — Republic of Korea won

LIBOR — London Interbank Offered Rate

LIFER — Long Inverse Floating Exempt Receipts

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

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

SPA — Standby purchase agreement

SPDR — Standard & Poor’s Depositary Receipts

SPEAR — Short Puttable Exempt Adjustable 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


ITEM 2. CONTROLS AND PROCEDURES

(a) The President and Treasurer have concluded that the Wells Fargo Advantage Global Dividend Opportunity Fund (the “Fund”) 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 Fund 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 Fund’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.


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.

 

Wells Fargo Advantage Global Dividend Opportunity Fund
By: /s/ Karla M. Rabusch
Karla M. Rabusch
President
Date: March 25, 2015

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.

 

Wells Fargo Advantage Global Dividend Opportunity Fund
By: /s/ Karla M. Rabusch
Karla M. Rabusch
President
Date: March 25, 2015
By: /s/ Nancy Wiser
Nancy Wiser
Treasurer
Date: March 25, 2015