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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: 811-21553
ING Global Equity Dividend and Premium Opportunity Fund
(Exact name of registrant as specified in charter)
|
7337 East Doubletree Ranch Rd., Scottsdale, AZ 85258 |
|
(Address of principal executive offices) (Zip code) |
Huey P. Falgout, Jr., 7337 East Doubletree Ranch Road, Scottsdale, AZ 85258
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-800-992-0180
|
Date of fiscal year end: |
February 28 |
|
|
|
|
Date of reporting period: |
November 30, 2007 |
Item 1. Schedule of Investments
The schedules of investments as of the close of the reporting period are set forth below for:
|
|
The schedules are not audited.
|
|
|
PORTFOLIO OF INVESTMENTS |
|
|
as of November 30, 2007 (Unaudited) |
|
Shares |
|
|
|
|
|
Value |
|
|
COMMON STOCK: 92.3% |
|
|
|||||
|
|
|
|
|
Australia: 6.7% |
|
|
|
|
1,148,066 |
|
|
|
Australia & New Zealand Banking Group Ltd. |
|
$ |
28,680,122 |
|
931,740 |
|
|
|
Coca-Cola Amatil Ltd. |
|
8,247,324 |
|
|
2,034,932 |
|
|
|
Foster’s Group Ltd. |
|
11,351,009 |
|
|
7,108,189 |
|
|
|
Insurance Australia Group |
|
28,105,950 |
|
|
1,375,078 |
|
|
|
Lion Nathan Ltd. |
|
11,244,720 |
|
|
617,991 |
|
|
|
Publishing & Broadcasting Ltd. |
|
11,380,000 |
|
|
1,095,786 |
|
|
|
Suncorp-Metway Ltd. |
|
18,158,682 |
|
|
249,623 |
|
|
|
Wesfarmers Ltd. |
|
9,614,139 |
|
|
|
|
|
|
|
|
126,781,946 |
|
|
|
|
|
|
Austria: 0.4% |
|
|
|
|
287,345 |
|
|
|
Telekom Austria AG |
|
8,388,278 |
|
|
|
|
|
|
|
|
8,388,278 |
|
|
|
|
|
|
Belgium: 1.9% |
|
|
|
|
1,381,580 |
|
|
|
Fortis |
|
36,894,874 |
|
|
549,076 |
|
@ |
|
Fortis |
|
8,047 |
|
|
|
|
|
|
|
|
36,902,921 |
|
|
|
|
|
|
Bermuda: 0.6% |
|
|
|
|
2,019,813 |
|
|
|
Hiscox Ltd. |
|
11,086,369 |
|
|
|
|
|
|
|
|
11,086,369 |
|
|
|
|
|
|
Brazil: 1.6% |
|
|
|
|
229,987 |
|
|
|
Petroleo Brasileiro SA ADR |
|
18,668,045 |
|
|
586,779 |
|
|
|
Tele Norte Leste Participacoes SA ADR |
|
12,275,417 |
|
|
|
|
|
|
|
|
30,943,462 |
|
|
|
|
|
|
Canada: 2.5% |
|
|
|
|
273,777 |
|
|
|
Enerplus Resources Fund |
|
11,189,266 |
|
|
546,596 |
|
|
|
Fording Canadian Coal Trust |
|
18,633,458 |
|
|
61,000 |
|
|
|
TransCanada Corp |
|
2,430,240 |
|
|
406,874 |
|
|
|
TransCanada Corp. |
|
16,157,774 |
|
|
|
|
|
|
|
|
48,410,738 |
|
|
|
|
|
|
Denmark: 1.6% |
|
|
|
|
745,993 |
|
|
|
Danske Bank A/S |
|
29,822,050 |
|
|
|
|
|
|
|
|
29,822,050 |
|
|
|
|
|
|
France: 5.4% |
|
|
|
|
170,501 |
|
|
|
BNP Paribas |
|
19,218,523 |
|
|
731,063 |
|
|
|
France Telecom SA |
|
27,705,039 |
|
|
343,790 |
|
|
|
Total SA |
|
27,801,940 |
|
|
619,213 |
|
|
|
Vivendi |
|
28,395,213 |
|
|
|
|
|
|
|
|
103,120,715 |
|
|
|
|
|
|
Germany: 1.4% |
|
|
|
|
1,234,707 |
|
|
|
Deutsche Telekom AG |
|
27,336,447 |
|
|
|
|
|
|
|
|
27,336,447 |
|
|
|
|
|
|
Greece: 1.6% |
|
|
|
|
768,680 |
|
|
|
OPAP SA |
|
29,922,377 |
|
|
|
|
|
|
|
|
29,922,377 |
|
|
|
|
|
|
Hong Kong: 1.6% |
|
|
|
|
1,655,542 |
|
|
|
CLP Holdings Ltd. |
|
11,278,595 |
|
|
982,997 |
|
|
|
Hang Seng Bank Ltd. |
|
18,801,829 |
|
|
|
|
|
|
|
|
30,080,424 |
|
|
|
|
|
|
Hungary: 0.8% |
|
|
|
|
527,325 |
|
|
|
Magyar Telekom Telecommunications PLC ADR |
|
14,190,316 |
|
|
|
|
|
|
|
|
14,190,316 |
|
|
|
|
|
|
Ireland: 1.3% |
|
|
|
|
1,523,049 |
|
|
|
Bank of Ireland - London Exchange |
|
24,167,652 |
|
|
|
|
|
|
|
|
24,167,652 |
|
|
|
|
|
|
Israel: 1.0% |
|
|
|
|
3,811,868 |
|
|
|
Bank Hapoalim BM |
|
19,256,638 |
|
|
|
|
|
|
|
|
19,256,638 |
|
|
|
|
|
|
Italy: 11.3% |
|
|
|
|
3,096,197 |
|
|
|
Enel S.p.A. |
|
37,070,639 |
|
|
1,054,799 |
|
|
|
ENI S.p.A. |
|
37,754,993 |
|
|
3,808,680 |
|
|
|
Intesa Sanpaolo S.p.A. |
|
30,318,926 |
|
|
598,573 |
|
|
|
Italcementi S.p.A. RNC |
|
8,993,997 |
|
|
2,412,090 |
|
|
|
Mediaset S.p.A. |
|
23,539,384 |
|
|
232,520 |
|
|
|
Pirelli & C Real Estate S.p.A. |
|
9,630,473 |
|
|
14,828,113 |
|
|
|
Telecom Italia S.p.A. RNC |
|
37,069,935 |
|
|
3,596,894 |
|
|
|
UniCredito Italiano S.p.A. |
|
30,566,800 |
|
|
|
|
|
|
|
|
214,945,147 |
|
|
|
|
|
|
Netherlands: 1.9% |
|
|
|
|
913,040 |
|
|
|
Royal Dutch Shell PLC |
|
36,941,693 |
|
|
|
|
|
|
|
|
36,941,693 |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Equity Dividend and Premium Opportunity Fund |
|
as of November 30, 2007 (Unaudited) (Continued) |
|
Shares |
|
|
|
|
|
Value |
|
|
|
|
|
|
New Zealand: 1.0% |
|
|
|
|
5,656,535 |
|
|
|
Telecom Corp. of New Zealand Ltd. |
|
$ |
18,626,454 |
|
|
|
|
|
|
|
18,626,454 |
|
|
|
|
|
|
Singapore: 0.5% |
|
|
|
|
689,000 |
|
|
|
DBS Group Holdings Ltd. |
|
9,585,410 |
|
|
|
|
|
|
|
|
9,585,410 |
|
|
|
|
|
|
South Korea: 0.6% |
|
|
|
|
123,318 |
|
|
|
S-Oil Corp. |
|
11,508,218 |
|
|
|
|
|
|
|
|
11,508,218 |
|
|
|
|
|
|
Sweden: 2.0% |
|
|
|
|
488,893 |
|
|
|
Holmen AB |
|
18,832,547 |
|
|
1,939,069 |
|
|
|
TeliaSonera AB |
|
18,529,798 |
|
|
|
|
|
|
|
|
37,362,345 |
|
|
|
|
|
|
Taiwan: 1.0% |
|
|
|
|
1,909,549 |
|
|
|
Taiwan Semiconductor Manufacturing Co., Ltd. ADR |
|
18,942,726 |
|
|
|
|
|
|
|
|
18,942,726 |
|
|
|
|
|
|
Thailand: 0.6% |
|
|
|
|
1,502,900 |
|
|
|
Siam Cement PCL |
|
10,505,899 |
|
|
|
|
|
|
|
|
10,505,899 |
|
|
|
|
|
|
United Kingdom: 19.0% |
|
|
|
|
396,334 |
|
|
|
AstraZeneca PLC |
|
18,795,708 |
|
|
2,778,999 |
|
|
|
Aviva PLC |
|
38,935,716 |
|
|
4,352,854 |
|
|
|
BBA Aviation PLC |
|
19,533,763 |
|
|
2,343,402 |
|
|
|
BP PLC |
|
28,418,013 |
|
|
2,084,249 |
|
|
|
Brit Insurance Holdings PLC |
|
10,992,995 |
|
|
789,576 |
|
|
|
British American Tobacco PLC |
|
30,666,335 |
|
|
1,249,961 |
|
|
|
Diageo PLC |
|
28,209,638 |
|
|
8,001,860 |
|
|
|
DSG International PLC |
|
18,529,521 |
|
|
1,091,790 |
|
|
|
GlaxoSmithKline PLC |
|
28,847,004 |
|
|
670,642 |
|
|
|
HSBC Holdings PLC |
|
11,466,577 |
|
|
3,583,035 |
|
|
|
Lloyds TSB Group PLC |
|
36,487,628 |
|
|
3,433,772 |
|
|
|
Royal Bank of Scotland Group PLC |
|
32,422,439 |
|
|
3,106,274 |
|
|
|
Tate & Lyle PLC |
|
28,768,038 |
|
|
1,963,005 |
|
|
|
United Utilities PLC |
|
30,250,177 |
|
|
|
|
|
|
|
|
362,323,552 |
|
|
|
|
|
|
United States: 26.0% |
|
|
|
|
406,695 |
|
|
|
Altria Group, Inc. |
|
31,543,264 |
|
|
341,314 |
|
|
|
Ameren Corp. |
|
18,379,759 |
|
|
807,124 |
|
|
|
AT&T, Inc. |
|
30,840,208 |
|
|
656,764 |
|
|
|
Bank of America Corp. |
|
30,296,523 |
|
|
658,847 |
|
|
|
Bristol-Myers Squibb Co. |
|
19,521,637 |
|
|
922,995 |
|
|
|
Citigroup, Inc. |
|
30,735,734 |
|
|
859,665 |
|
|
|
Citizens Communications Co. |
|
11,158,452 |
|
|
376,751 |
|
|
|
Consolidated Edison, Inc. |
|
18,253,586 |
|
|
745,589 |
|
|
|
Dow Chemical Co. |
|
31,270,003 |
|
|
932,224 |
|
|
|
Duke Energy Corp. |
|
18,448,713 |
|
|
670,206 |
|
|
|
Energy East Corp. |
|
18,524,494 |
|
|
716,843 |
|
|
|
Foot Locker, Inc. |
|
9,354,801 |
|
|
416,494 |
|
|
|
Kraft Foods, Inc. |
|
14,389,868 |
|
|
703,819 |
|
|
|
Leggett & Platt, Inc. |
|
14,484,595 |
|
|
632,315 |
|
|
|
Masco Corp. |
|
14,163,856 |
|
|
509,215 |
|
|
|
OGE Energy Corp. |
|
18,128,054 |
|
|
1,307,440 |
|
|
|
Pfizer, Inc. |
|
31,064,774 |
|
|
204,112 |
|
|
|
Rayonier, Inc. |
|
9,466,715 |
|
|
486,517 |
|
|
|
Southern Co. |
|
18,302,770 |
|
|
443,767 |
|
|
|
Spectra Energy Corp. |
|
10,934,419 |
|
|
904,218 |
|
|
|
US Bancorp. |
|
29,920,574 |
|
|
539,673 |
|
|
|
UST, Inc. |
|
31,247,067 |
|
|
570,659 |
|
|
|
Wachovia Corp. |
|
24,538,337 |
|
|
529,966 |
|
|
|
Washington Mutual, Inc. |
|
10,334,337 |
|
|
|
|
|
|
|
|
495,302,540 |
|
|
|
|
|
|
Total Common Stock |
|
|
|
|
|
|
|
|
(Cost $1,674,607,440) |
|
1,756,454,317 |
|
|
|
|
|
|
|
|
|
|
|
REAL ESTATE INVESTMENT TRUSTS: 2.3% |
|
|
|||||
|
|
|
|
|
Australia: 0.6% |
|
|
|
|
599,715 |
|
|
|
Westfield Group |
|
10,869,715 |
|
|
|
|
|
|
|
|
10,869,715 |
|
|
|
|
|
|
Netherlands: 0.6% |
|
|
|
|
134,982 |
|
|
|
Corio NV |
|
11,456,817 |
|
|
|
|
|
|
|
|
11,456,817 |
|
|
|
|
|
|
United States: 1.1% |
|
|
|
|
225,823 |
|
|
|
Developers Diversified Realty Corp. |
|
10,028,799 |
|
|
308,931 |
|
|
|
Hospitality Properties Trust |
|
11,288,339 |
|
|
|
|
|
|
|
|
21,317,138 |
|
|
|
|
|
|
Total Real Estate Investment Trusts |
|
|
|
|
|
|
|
|
(Cost $46,117,529) |
|
43,643,670 |
|
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Equity Dividend and Premium Opportunity Fund |
|
as of November 30, 2007 (Unaudited) (Continued) |
|
Shares |
|
|
|
|
|
Value |
|||||
|
EQUITY-LINKED SECURITIES: 0.5% |
|
|
|||||||||
|
|
|
|
|
Taiwan: 0.5% |
|
|
|||||
|
3,635,661 |
|
@ |
|
Formosa Chemicals & Fibre Corp. |
|
$ |
9,240,723 |
||||
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
Total Equity-Linked Securities |
|
|
|||||
|
|
|
|
|
(Cost $5,592,254) |
|
9,240,723 |
|||||
|
|
|
|
|
|
|
|
|||||
|
WARRANTS: 1.5% |
|
|
|||||||||
|
|
|
|
|
Taiwan: 1.5% |
|
|
|||||
|
5,330,000 |
|
@ |
|
Acer, Inc. |
|
11,182,340 |
|||||
|
14,599,000 |
|
@ |
|
Mega Financial Holding Co. Ltd |
|
9,005,024 |
|||||
|
2,167,053 |
|
@ |
|
Novatek Microelectronics Corp., Ltd. |
|
8,597,817 |
|||||
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
Total Warrants |
|
|
|||||
|
|
|
|
|
(Cost $30,575,238) |
|
28,785,181 |
|||||
|
|
|
|
|
|
|
|
|||||
|
No. of Contracts |
|
|
|
|
|
Value |
|||||
|
PURCHASED PUT OPTIONS: 0.5% |
|
|
|||||||||
|
|
|
|
|
Australia: 0.1% |
|
|
|||||
|
4,900 |
|
|
|
S&P/ASX 200 Index, Strike Price 5,918.030 AUD, Expires 12/21/07 |
|
$ |
88,575 |
||||
|
3,800 |
|
|
|
S&P/ASX 200 Index, Strike Price 6,174.392 AUD, Expires 01/18/08 |
|
311,482 |
|||||
|
6,600 |
|
|
|
S&P/ASX 200 Index, Strike Price 5,957.88 AUD, Expires 02/15/08 |
|
515,920 |
|||||
|
22,500,000 |
|
|
|
Australian Dollar Currency Option (AUD/USD), Strike Price .7934, Expires 12/18/07 |
|
61 |
|||||
|
30,000,000 |
|
|
|
Australian Dollar Currency Option (AUD/USD), Strike Price .8403, Expires 01/23/08 |
|
153,981 |
|||||
|
27,500,000 |
|
|
|
Australian Dollar Currency Option (AUD/USD), Strike Price .8162, Expires 02/21/08 |
|
101,578 |
|||||
|
|
|
|
|
|
|
1,171,597 |
|||||
|
|
|
|
|
European Union: 0.1% |
|
|
|||||
|
13,700 |
|
|
|
Dow Jones Euro Stoxx 50 Index, Strike Price 4,007.780 EUR, Expires 12/21/07 |
|
181,687 |
|||||
|
24,700 |
|
|
|
Dow Jones Euro Stoxx 50 Index, Strike Price 4,052.380 EUR, Expires 01/18/08 |
|
1,530,101 |
|||||
|
14,000 |
|
|
|
Dow Jones Euro Stoxx 50 Index, Strike Price 3,858.52 EUR, Expires 02/15/08 |
|
743,680 |
|||||
|
90,000,000 |
|
|
|
European Union Currency Option (EUR/USD), Strike Price 1.3493, Expires 12/18/07 |
|
31 |
|||||
|
100,000,000 |
|
|
|
European Union Currency Option (EUR/USD), Strike Price 1.3785, Expires 01/23/08 |
|
70,991 |
|||||
|
80,000,000 |
|
|
|
European Union Currency Option (EUR/USD), Strike Price 1.4238, Expires 02/21/08 |
|
533,847 |
|||||
|
|
|
|
|
|
|
3,060,337 |
|||||
|
|
|
|
|
United Kingdom: 0.1% |
|
|
|||||
|
5,400 |
|
|
|
FTSE 100 Index, Strike Price 5,944.730 GBP, Expires 12/21/07 |
|
301,134 |
|||||
|
4,800 |
|
|
|
FTSE 100 Index, Strike Price 6,026.100 GBP, Expires 01/18/08 |
|
888,609 |
|||||
|
5,800 |
|
|
|
FTSE 100 Index, Strike Price 5,633.10 GBP, Expires 02/15/08 |
|
847,009 |
|||||
|
75,000,000 |
|
|
|
United Kingdom Currency Option (GBP/USD), Strike Price 1.9541, Expires 12/18/07 |
|
3,391 |
|||||
|
75,000,000 |
|
|
|
United Kingdom Currency Option (GBP/USD), Strike Price 1.9706, Expires 01/23/08 |
|
156,425 |
|||||
|
65,000,000 |
|
|
|
United Kingdom Currency Option (GBP/USD), Strike Price 1.9647, Expires 02/21/08 |
|
232,968 |
|||||
|
|
|
|
|
|
|
2,429,536 |
|||||
|
|
|
|
|
United States: 0.2% |
|
|
|||||
|
65,000 |
|
|
|
S&P 500 Index, Strike Price 1,401.400 USD, Expires 12/21/07 |
|
582,447 |
|||||
|
66,100 |
|
|
|
S&P 500 Index, Strike Price 1,395.980 USD, Expires 01/18/08 |
|
1,346,110 |
|||||
|
85,000 |
|
|
|
S&P 500 Index, Strike Price 1,298.300 USD, Expires 02/15/08 |
|
1,286,734 |
|||||
|
|
|
|
|
|
|
3,215,291 |
|||||
|
|
|
|
|
Total Purchased Put Options |
|
|
|
|
|||
|
|
|
|
|
(Cost $18,052,842) |
|
|
|
9,876,761 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
Total Investments in Securities |
|
|
|
|
|||
|
|
|
|
|
(Cost $ 1,774,945,303) * |
|
97.1% |
|
$ |
1,848,000,652 |
||
|
|
|
|
|
Other Assets and Liabilities - Net |
|
2.9 |
|
54,612,354 |
|||
|
|
|
|
|
Net Assets |
|
100.0% |
|
$ |
1,902,613,006 |
||
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
@ |
|
Non-income producing security |
|
|
|
|
|||
|
|
|
ADR |
|
American Depositary Receipt |
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
* |
|
Cost for federal income tax purposes is $1,799,183,911 |
|
|
|
|
|||
|
|
|
|
|
Net unrealized appreciation consists of: |
|
|
|
|
|||
|
|
|
|
|
Gross Unrealized Appreciation |
|
|
|
$ |
151,551,485 |
||
|
|
|
|
|
Gross Unrealized Depreciation |
|
|
|
(102,734,744) |
|||
|
|
|
|
|
Net Unrealized Appreciation |
|
|
|
$ |
48,816,741 |
||
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Equity Dividend and Premium Opportunity Fund |
|
as of November 30, 2007 (Unaudited) (Ccontinued) |
Written Call Options
|
# of |
|
|
|
|
|
Expiration |
|
|
|
Premiums |
|
|
|||||
|
Contracts |
|
Counterparty |
|
Description |
|
Date |
|
Strike |
|
Received |
|
Value |
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
529,000 |
|
Morgan Stanley |
|
Australia and New Zealand Banking Group Ltd. |
|
01/16/08 |
|
27.8524 |
AUD |
|
$ |
500,368 |
|
$ |
(591,634) |
||
|
909,000 |
|
BNP Paribas |
|
Foster’s Group Ltd. |
|
01/16/08 |
|
6.2600 |
AUD |
|
188,430 |
|
(208,573) |
||||
|
255,000 |
|
Deutsche Bank, AG |
|
Suncorp-Metway Ltd. |
|
01/16/08 |
|
19.0434 |
AUD |
|
146,500 |
|
(101,029) |
||||
|
116,000 |
|
Morgan Stanley |
|
Wesfarmers Ltd. |
|
01/16/08 |
|
42.6500 |
AUD |
|
165,836 |
|
(214,044) |
||||
|
276,000 |
|
Morgan Stanley |
|
Westfield Group |
|
01/16/08 |
|
20.9870 |
AUD |
|
199,150 |
|
(125,333) |
||||
|
107,000 |
|
Goldman Sachs |
|
Transcanada Corp. |
|
01/16/08 |
|
39.0300 |
CAD |
|
88,729 |
|
(110,010) |
||||
|
343,000 |
|
Societe Generale |
|
Danske Bank A/S |
|
01/16/08 |
|
202.7166 |
DKK |
|
542,884 |
|
(599,374) |
||||
|
79,000 |
|
Deutsche Bank, AG |
|
BNP Paribas |
|
01/16/08 |
|
75.6412 |
EUR |
|
409,561 |
|
(541,525) |
||||
|
561,000 |
|
Deutsche Bank, AG |
|
Deutsche Telekom AG |
|
01/16/08 |
|
14.9460 |
EUR |
|
432,543 |
|
(531,128) |
||||
|
1,397,000 |
|
Barclays Capital |
|
Enel S.p.A. |
|
01/16/08 |
|
8.1420 |
EUR |
|
519,718 |
|
(539,634) |
||||
|
473,000 |
|
JPMorgan Chase, London |
|
ENI S.p.A. |
|
01/16/08 |
|
23.8850 |
EUR |
|
581,167 |
|
(799,894) |
||||
|
666,000 |
|
Societe Generale |
|
Fortis |
|
01/16/08 |
|
18.6887 |
EUR |
|
1,031,026 |
|
(908,149) |
||||
|
332,000 |
|
Barclays Capital |
|
France Telecom S.A. |
|
01/16/08 |
|
25.6100 |
EUR |
|
523,849 |
|
(518,018) |
||||
|
1,739,000 |
|
Goldman Sachs |
|
Intesa San Paolo |
|
01/16/08 |
|
5.3380 |
EUR |
|
487,007 |
|
(584,863) |
||||
|
410,000 |
|
Barclays Capital |
|
Royal Dutch Shell PLC |
|
01/16/08 |
|
27.4800 |
EUR |
|
705,784 |
|
(766,878) |
||||
|
3,273,000 |
|
Societe Generale |
|
Telecom Italia S.p.A. |
|
01/16/08 |
|
1.7220 |
EUR |
|
279,805 |
|
(278,982) |
||||
|
170,000 |
|
Deutsche Bank, AG |
|
Telekom Austria AG |
|
01/16/08 |
|
20.2400 |
EUR |
|
225,689 |
|
(193,036) |
||||
|
155,000 |
|
Goldman Sachs |
|
Total FP |
|
01/16/08 |
|
54.6300 |
EUR |
|
481,758 |
|
(533,170) |
||||
|
1,595,000 |
|
Goldman Sachs |
|
UniCredito Italiano S.p.A. |
|
01/16/08 |
|
5.7332 |
EUR |
|
619,945 |
|
(786,888) |
||||
|
279,000 |
|
Deutsche Bank, AG |
|
Vivendi |
|
01/16/08 |
|
30.8470 |
EUR |
|
447,790 |
|
(597,807) |
||||
|
179,000 |
|
Barclays Capital |
|
AstraZeneca PLC |
|
01/16/08 |
|
22.5300 |
GBP |
|
394,793 |
|
(465,960) |
||||
|
1,059,000 |
|
Deutsche Bank, AG |
|
BP PLC |
|
01/16/08 |
|
5.8457 |
GBP |
|
529,478 |
|
(217,660) |
||||
|
352,000 |
|
Deutsche Bank, AG |
|
British American Tobacco PLC |
|
01/16/08 |
|
18.4610 |
GBP |
|
508,899 |
|
(400,366) |
||||
|
564,000 |
|
JPMorgan Chase, London |
|
Diageo PLC |
|
01/16/08 |
|
11.0500 |
GBP |
|
423,912 |
|
(354,211) |
||||
|
494,000 |
|
Barclays Capital |
|
GlaxoSmithkline PLC |
|
01/16/08 |
|
12.4800 |
GBP |
|
520,939 |
|
(672,896) |
||||
|
296,000 |
|
Goldman Sachs |
|
HSBC Holdings PLC |
|
01/16/08 |
|
8.1550 |
GBP |
|
201,494 |
|
(255,641) |
||||
|
1,560,000 |
|
Barclays Capital |
|
Lloyds TSB Group PLC |
|
01/16/08 |
|
4.7132 |
GBP |
|
959,206 |
|
(1,368,465) |
||||
|
1,549,000 |
|
Morgan Stanley |
|
Royal Bank of Scotland Group PLC |
|
01/16/08 |
|
4.3275 |
GBP |
|
989,634 |
|
(1,583,002) |
||||
|
387,000 |
|
Goldman Sachs |
|
CLP Holdings Ltd. |
|
01/16/08 |
|
52.4800 |
HKD |
|
94,819 |
|
(87,267) |
||||
|
487,000 |
|
Morgan Stanley |
|
Hang Seng Bank Ltd. |
|
01/16/08 |
|
148.8600 |
HKD |
|
530,624 |
|
(417,404) |
||||
|
1,308,000 |
|
Morgan Stanley |
|
Telecom Corp. of New Zealand |
|
01/16/08 |
|
4.2540 |
NZD |
|
150,213 |
|
(198,478) |
||||
|
896,000 |
|
Barclays Capital |
|
Teliasonera AB |
|
01/16/08 |
|
60.6800 |
SEK |
|
371,188 |
|
(893,273) |
||||
|
320,000 |
|
Goldman Sachs |
|
DBS Group Hldg. Ltd. |
|
01/16/08 |
|
19.5000 |
SGD |
|
189,983 |
|
(232,146) |
||||
|
185,000 |
|
ABN AMRO |
|
Altria Group, Inc. |
|
01/16/08 |
|
75.7992 |
USD |
|
430,495 |
|
(610,015) |
||||
|
157,000 |
|
Goldman Sachs |
|
Ameren Corp. |
|
01/16/08 |
|
53.0850 |
USD |
|
218,026 |
|
(236,382) |
||||
|
359,000 |
|
JPMorgan Chase, London |
|
AT&T Inc. |
|
01/16/08 |
|
38.1580 |
USD |
|
631,481 |
|
(659,243) |
||||
|
293,000 |
|
Deutsche Bank, AG |
|
Bank of America Corp. |
|
01/16/08 |
|
44.0800 |
USD |
|
622,391 |
|
(881,477) |
||||
|
300,000 |
|
Deutsche Bank, AG |
|
Bristol-Myers Squibb Co. |
|
01/16/08 |
|
29.4600 |
USD |
|
347,340 |
|
(397,075) |
||||
|
399,000 |
|
JPMorgan Chase, London |
|
Citigroup Inc. |
|
01/16/08 |
|
32.2900 |
USD |
|
944,433 |
|
(1,174,579) |
||||
|
400,000 |
|
Deutsche Bank, AG |
|
Citizens Communications Co. |
|
01/16/08 |
|
12.7690 |
USD |
|
180,160 |
|
(199,948) |
||||
|
174,000 |
|
JPMorgan Chase, London |
|
Consolidated Edison Inc. |
|
01/16/08 |
|
48.4000 |
USD |
|
213,915 |
|
(241,915) |
||||
|
98,000 |
|
Goldman Sachs |
|
Developers Diversified Realty Corp. |
|
01/16/08 |
|
42.8160 |
USD |
|
242,854 |
|
(303,305) |
||||
|
336,000 |
|
JPMorgan Chase, London |
|
Dow Chemical Co. |
|
01/16/08 |
|
41.6076 |
USD |
|
613,872 |
|
(647,355) |
||||
|
424,000 |
|
Deutsche Bank, AG |
|
Duke Energy Corp. |
|
01/16/08 |
|
19.7553 |
USD |
|
257,156 |
|
(297,222) |
||||
|
96,000 |
|
Goldman Sachs |
|
Fording Canadian Coal Trust |
|
01/16/08 |
|
34.3401 |
USD |
|
193,920 |
|
(186,613) |
||||
|
140,000 |
|
ABN AMRO |
|
Hospitality Properties Trust |
|
01/16/08 |
|
35.8312 |
USD |
|
175,560 |
|
(225,655) |
||||
|
189,000 |
|
Deutsche Bank, AG |
|
Kraft Foods Inc. Cl. A |
|
01/16/08 |
|
33.9600 |
USD |
|
218,219 |
|
(275,022) |
||||
|
156,000 |
|
Deutsche Bank, AG |
|
Leggett & Platt Inc. |
|
01/16/08 |
|
19.8990 |
USD |
|
138,934 |
|
(207,000) |
||||
|
292,000 |
|
Morgan Stanley |
|
Masco Corp. |
|
01/16/08 |
|
21.7771 |
USD |
|
381,527 |
|
(470,364) |
||||
|
99,000 |
|
Deutsche Bank, AG |
|
Petroleo Brasileiro S.A. ADR |
|
01/16/08 |
|
83.8499 |
USD |
|
664,923 |
|
(539,484) |
||||
|
587,000 |
|
ABN AMRO |
|
Pfizer Inc. |
|
01/16/08 |
|
23.4526 |
USD |
|
531,235 |
|
(581,834) |
||||
|
95,000 |
|
Goldman Sachs |
|
Rayonier Inc. |
|
01/16/08 |
|
44.9000 |
USD |
|
209,313 |
|
(247,971) |
||||
|
222,000 |
|
Deutsche Bank, AG |
|
Southern Co. |
|
01/16/08 |
|
37.6835 |
USD |
|
209,990 |
|
(238,060) |
||||
|
207,000 |
|
JPMorgan Chase, London |
|
Spectra Energy Corp. |
|
01/16/08 |
|
24.5882 |
USD |
|
192,924 |
|
(214,308) |
||||
|
889,000 |
|
Morgan Stanley |
|
Taiwan Semiconductor Manufacturing Co. Ltd. |
|
01/16/08 |
|
9.6763 |
USD |
|
379,336 |
|
(565,700) |
||||
|
125,000 |
|
Deutsche Bank, AG |
|
Tele Norte Leste Participacoes S.A. ADR |
|
01/16/08 |
|
21.0828 |
USD |
|
176,838 |
|
(160,785) |
||||
|
405,000 |
|
Deutsche Bank, AG |
|
US Bancorp |
|
01/16/08 |
|
32.6174 |
USD |
|
571,981 |
|
(714,739) |
||||
|
122,000 |
|
Deutsche Bank, AG |
|
UST Inc. |
|
01/16/08 |
|
55.8200 |
USD |
|
249,173 |
|
(374,183) |
||||
|
257,000 |
|
Deutsche Bank, AG |
|
Wachovia Corp. |
|
01/16/08 |
|
40.9207 |
USD |
|
694,105 |
|
(1,007,946) |
||||
|
232,000 |
|
Societe Generale |
|
Washington Mutual, Inc. |
|
01/16/08 |
|
17.7200 |
USD |
|
462,492 |
|
(681,557) |
||||
|
|
|
|
|
|
|
|
|
|
|
|
$ |
24,595,314 |
|
$ |
(29,016,475) |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
Total Premiums Received: |
|
$ |
24,595,314 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
Total Liabilities for Call Options Written: |
|
$ |
(29,016,475 |
) |
|
|
|
|
|
|
|
||
|
|
|
PORTFOLIO OF INVESTMENTS |
|
ING Global Equity Dividend and Premium Opportunity Fund |
|
as of November 30, 2007 (Unaudited) (Continued) |
|
|
|
Percentage of |
|
Industry |
|
Net Assets |
|
Aerospace/Defense |
|
1.0% |
|
Agriculture |
|
4.9 |
|
Banks |
|
22.6 |
|
Beverages |
|
3.1 |
|
Building Materials |
|
1.8 |
|
Chemicals |
|
2.1 |
|
Coal |
|
1.0 |
|
Computers |
|
0.6 |
|
Diversified |
|
0.6 |
|
Diversified Financial Services |
|
2.1 |
|
Electric |
|
8.3 |
|
Entertainment |
|
1.6 |
|
Food |
|
2.3 |
|
Forest Products & Paper |
|
1.5 |
|
Hotels |
|
0.6 |
|
Insurance |
|
4.7 |
|
Media |
|
3.3 |
|
Miscellaneous Manufacturing |
|
1.3 |
|
Oil & Gas |
|
9.1 |
|
Pharmaceuticals |
|
5.2 |
|
Pipelines |
|
1.5 |
|
Purchased Options |
|
0.5 |
|
Real Estate |
|
0.5 |
|
Retail |
|
1.5 |
|
Savings & Loans |
|
0.5 |
|
Semiconductors |
|
1.4 |
|
Shopping Centers |
|
1.1 |
|
Telecommunications |
|
10.8 |
|
Water |
|
1.6 |
|
Other Assets and Liabilities - Net |
|
2.9 |
|
Net Assets |
|
100.0% |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
(Registrant): |
ING Global Equity Dividend and Premium Opportunity Fund |
|
By |
/s/ Shaun P. Mathews |
|
|
|
Shaun P. Mathews |
|
|
|
President and Chief Executive Officer |
|
|
|
|
|
|
Date: |
January 29, 2008 |
|
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/ Shaun P. Mathews |
|
|
|
Shaun P. Mathews |
|
|
|
President and Chief Executive Officer |
|
|
|
|
|
|
Date: |
January 29, 2008 |
|
|
|
|
|
|
By |
/s/ Todd Modic |
|
|
|
Todd Modic |
|
|
|
Senior Vice President and Chief Financial Officer |
|
|
|
|
|
|
Date: |
January 29, 2008 |
|