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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., Suite 100, 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:

May 31, 2013

 



 

Item 1. Schedule of Investments

 

The schedules of investments as of the close of the reporting period are set forth below for:

 

ING Global Equity Dividend and Premium Opportunity Fund

 

 

The schedules are not audited.

 

ING GLOBAL EQUITY DIVIDEND AND PREMIUM
OPPORTUNITY FUND

PORTFOLIO OF INVESTMENTS
as of May 31, 2013 (Unaudited)

Shares
  
  
  
 Value
   
 Percentage
of Net
Assets
 
COMMON STOCK: 97.7%
 
Australia: 0.7%
634,194
            
 
    
Westfield Group
       $ 6,960,929             0.7   
 
 
Canada: 5.1%
408,314
            
 
    
Barrick Gold Corp.
          8,577,843             0.9   
120,700
            
 
    
Canadian Imperial Bank of Commerce
          9,121,625             0.9   
152,000
            
 
    
Cenovus Energy, Inc.
          4,550,837             0.5   
13,000
            
 
    
Fairfax Financial Holdings Ltd.
          5,249,530             0.6   
400,592
            
 
    
Shaw Communications, Inc. — Class B
          8,929,521             0.9   
163,772
            
 
    
Thomson Reuters Corp.
          5,449,852             0.6   
155,368
            
 
    
TransCanada Corp.
          7,127,371             0.7   
 
            
 
    
 
          49,006,579             5.1   
 
 
China: 1.4%
1,454,000
            
 
    
BOC Hong Kong Holdings Ltd.
          4,833,200             0.5   
178,004
            
 
    
China Mobile Ltd. ADR
          9,220,607             0.9   
 
            
 
    
 
          14,053,807             1.4   
 
 
France: 7.3%
157,563
            
 
    
Alstom
          5,930,228             0.6   
175,115
            
 
    
BNP Paribas
          10,247,650             1.1   
192,510
            
 
    
Capgemini S.A.
          9,376,142             1.0   
230,418
            
 
    
Cie de Saint-Gobain
          10,007,387             1.0   
201,669
            
 
    
Eutelsat Communications
          6,260,051             0.6   
515,206
            
 
    
Gaz de France
          10,507,200             1.1   
101,483
            
 
    
Sanofi
          10,820,937             1.1   
157,798
            
 
    
Vinci S.A.
          8,092,636             0.8   
 
            
 
    
 
          71,242,231             7.3   
 
 
Germany: 5.7%
353,750
            
 
    
Aixtron AG
          6,275,495             0.6   
99,750
            
 
    
Bayer AG
          10,660,006             1.1   
168,553
            
 
    
DaimlerChrysler AG
          10,705,471             1.1   
898,321
            
 
    
Deutsche Telekom AG
          10,230,415             1.1   
234,635
            
 
    
Metro AG
          7,955,238             0.8   
52,787
            
 
    
Muenchener Rueckversicherungs AG
          9,846,078             1.0   
 
            
 
    
 
          55,672,703             5.7   
 
 
Hong Kong: 0.5%
727,000
            
 
    
Cheung Kong Infrastructure Holdings Ltd.
          5,039,480             0.5   
 
 
Italy: 1.9%
304,000
            
 
    
Assicurazioni Generali S.p.A.
          5,656,268             0.6   
322,000
            
 
    
ENI S.p.A.
          7,322,758             0.8   
1,056,000
            
 
    
Snam Rete Gas S.p.A.
          5,007,960             0.5   
 
            
 
    
 
          17,986,986             1.9   
 
 
Japan: 7.7%
179,800
            
 
    
Astellas Pharma, Inc.
          9,181,700             1.0   
142,000
            
 
    
Canon, Inc.
          4,851,928             0.5   
401,000
            
 
    
Hoya Corp.
          8,053,068             0.8   
616,200
            
 
    
Itochu Corp.
          7,636,314             0.8   
1,385,300
            
 
    
Mitsubishi UFJ Financial Group, Inc.
        8,039,611             0.8   
645,900
            
 
    
Mitsui & Co., Ltd.
          8,089,176             0.8   
893,200
            
 
    
Nissan Motor Co., Ltd.
          9,645,609             1.0   
140,000
            
 
    
Secom Co., Ltd.
          7,059,986             0.7   
131,300
            
 
    
Seven & I Holdings Co., Ltd.
          4,459,874             0.5   
206,300
            
 
    
Sumitomo Mitsui Financial Group, Inc.
          8,144,678             0.8   
 
            
 
    
 
          75,161,944             7.7   
 
 
Luxembourg: 1.3%
969,646
            
 
    
ArcelorMittal
          12,253,618             1.3   
 
 
Netherlands: 3.1%
1,214,255
            
 
    
Aegon NV
          8,284,613             0.8   
131,300
            
 
    
Fugro NV
          7,805,532             0.8   
429,412
            
 
    
Royal Dutch Shell PLC
          14,339,011             1.5   
 
            
 
    
 
          30,429,156             3.1   
 
 
Singapore: 2.0%
3,062,000
            
 
    
Singapore Telecommunications Ltd.
          9,057,294             0.9   
607,000
            
 
    
United Overseas Bank Ltd.
          10,252,270             1.1   
 
            
 
    
 
          19,309,564             2.0   
 
 
Sweden: 1.7%
593,146
            
 
    
Telefonaktiebolaget LM Ericsson
          6,967,604             0.7   
629,081
            
 
    
Volvo AB — B Shares
          9,180,289             1.0   
 
            
 
    
 
          16,147,893             1.7   
 
 
Switzerland: 4.5%
328,380
            
 
    
Credit Suisse Group
          9,705,701             1.0   
207,951
            
 
    
Novartis AG
          14,895,954             1.5   
38,907
            
 
    
Roche Holding AG —Genusschein
          9,646,467             1.0   
34,717
            
 
    
Zurich Insurance Group AG
          9,181,491             1.0   
 
            
 
    
 
          43,429,613             4.5   
 
 
Taiwan: 1.1%
552,358
            
 
    
Taiwan Semiconductor Manufacturing Co., Ltd. ADR
          10,307,000             1.1   
 
 
United Kingdom: 9.9%
109,081
            
 
    
AstraZeneca PLC
          5,581,085             0.6   
1,595,000
            
 
    
Barclays PLC
          7,640,323             0.8   
1,422,311
            
 
    
BP PLC
          10,165,624             1.0   
1,185,427
            
 
    
BT Group PLC
          5,394,391             0.5   
156,800
            
@
    
Ensco PLC
          9,434,656             1.0   
886,216
            
 
    
HSBC Holdings PLC
          9,722,779             1.0   
269,693
            
 
    
Imperial Tobacco Group PLC
          9,677,938             1.0   
1,310,900
            
 
    
J Sainsbury PLC
          7,437,212             0.8   
385,736
            
 
    
Land Securities Group PLC
          5,441,088             0.6   
572,512
            
 
    
Prudential PLC
          9,630,353             1.0   
108,839
            
 
    
Reckitt Benckiser PLC
          7,782,971             0.8   
181,000
            
 
    
Rio Tinto PLC
          7,730,702             0.8   
 
            
 
    
 
          95,639,122             9.9   



ING GLOBAL EQUITY DIVIDEND AND PREMIUM
OPPORTUNITY FUND

PORTFOLIO OF INVESTMENTS
as of May 31, 2013 (Unaudited) (Continued)

Shares
  
  
  
 Value
   
 Percentage
of Net
Assets
 
 
United States: 43.8%
216,558
            
 
    
AbbVie, Inc.
       $ 9,244,861             0.9   
84,450
            
 
    
Amgen, Inc.
          8,489,758             0.9   
21,000
            
 
    
Apple, Inc.
          9,443,280             1.0   
76,300
            
 
    
Boeing Co.
          7,555,226             0.8   
237,093
            
 
    
Bristol-Myers Squibb Co.
          10,908,649             1.1   
104,000
            
 
    
Caterpillar, Inc.
          8,923,200             0.9   
139,900
            
 
    
CenturyTel, Inc.
          4,777,585             0.5   
81,900
            
 
    
Chevron Corp.
          10,053,225             1.0   
232,000
            
 
    
Cisco Systems, Inc.
          5,586,560             0.6   
168,250
            
 
    
Coach, Inc.
          9,802,245             1.0   
188,000
            
 
    
Coca-Cola Co.
          7,518,120             0.8   
296,350
            
 
    
Dow Chemical Co.
          10,212,221             1.0   
255,100
            
 
    
Eli Lilly & Co.
          13,561,116             1.4   
161,700
            
 
    
ExxonMobil Corp.
          14,628,999             1.5   
757,700
            
 
    
First Niagara Financial Group, Inc.
          7,402,729             0.8   
436,312
            
 
    
Freeport-McMoRan Copper & Gold, Inc.
          13,547,488             1.4   
621,752
            
 
    
General Electric Co.
          14,499,257             1.5   
328,430
            
 
    
Hewlett-Packard Co.
          8,020,261             0.8   
232,000
            
 
    
Intel Corp.
          5,632,960             0.6   
193,751
            
 
    
JPMorgan Chase & Co.
          10,576,867             1.1   
133,090
            
 
    
KLA-Tencor Corp.
          7,491,636             0.8   
119,000
            
 
    
Lorillard, Inc.
          5,050,360             0.5   
123,150
            
 
    
Lowe’s Cos., Inc.
          5,185,846             0.5   
173,900
            
 
    
Macy’s, Inc.
          8,406,326             0.9   
99,000
            
 
    
McDonald’s Corp.
          9,560,430             1.0   
348,750
            
 
    
Metlife, Inc.
          15,418,237             1.6   
438,700
            
 
    
Microsoft Corp.
          15,301,856             1.6   
152,100
            
 
    
Molson Coors Brewing Co.
          7,515,261             0.8   
174,200
            
 
    
Northeast Utilities
          7,258,914             0.7   
162,550
            
 
    
Occidental Petroleum Corp.
          14,965,978             1.5   
353,758
            
 
    
Pfizer, Inc.
          9,632,830             1.0   
336,536
            
 
    
Pitney Bowes, Inc.
          4,940,348             0.5   
151,100
            
 
    
PNC Financial Services Group, Inc.
          10,824,804             1.1   
313,337
            
 
    
PPL Corp.
          9,306,109             1.0   
94,100
            
 
    
Procter & Gamble Co.
          7,223,116             0.7   
223,000
            
 
    
Public Service Enterprise Group, Inc.
          7,367,920             0.8   
221,300
            
 
    
Sealed Air Corp.
          5,315,626             0.5   
329,468
            
 
    
Spectra Energy Corp.
          10,071,837             1.0   
232,752
            
 
    
St. Jude Medical, Inc.
          10,061,869             1.0   
362,000
            
 
    
Staples, Inc.
          5,430,000             0.6   
112,914
            
 
    
TAL International Group, Inc.
          4,771,746             0.5   
106,600
            
 
    
Time Warner Cable, Inc.
          10,181,366             1.0   
309,027
            
@
    
Tyco International Ltd.
          10,448,203             1.1   
243,087
            
 
    
UGI Corp.
          9,283,493             1.0   
53,492
            
 
    
United Technologies Corp.
          5,076,391             0.5   
45,400
            
 
    
VF Corp.
          8,347,244             0.9   
    265,200
            
 
    
Wells Fargo & Co.
        10,753,860             1.1   
 
            
 
    
 
          425,576,213             43.8   
 
            
 
    
Total Common Stock
                                
 
            
 
    
(Cost $847,877,414)
          948,216,838             97.7   
 
# of
Contracts
  
  
  
 Value
   
 Percentage
of Net
Assets
 
PURCHASED OPTIONS: 0.1%
 
Options on Currencies: 0.1%
20,000,000
            
@
    
Put EUR/USD, Strike @ 1.238, Exp. 08/20/13 Counterparty: JPMorgan Chase & Co.
          70,843             0.0   
21,000,000
            
@
    
Put EUR/USD, Strike @ 1.253, Exp. 07/22/13 Counterparty: Citigroup, Inc.
          67,212             0.0   
13,000,000
            
@
    
Put EUR/USD, Strike @ 1.242, Exp. 06/20/13 Counterparty: Deutsche Bank AG
          3,924             0.0   
28,000,000
            
@
    
Put GBP/USD, Strike @ 1.464, Exp. 06/20/13 Counterparty: JPMorgan Chase & Co.
          13,011             0.0   
35,000,000
            
@
    
Put GBP/USD, Strike @ 1.473, Exp. 07/22/13 Counterparty: Citigroup, Inc.
          122,031             0.0   
38,000,000
            
@
    
Put GBP/USD, Strike @ 1.458, Exp. 08/20/13 Counterparty: JPMorgan Chase & Co.
          158,741             0.0   
18,000,000
            
@
    
Put JPY/USD, Strike @ 100.170, Exp. 06/20/13 Counterparty: Citigroup, Inc.
          282,423             0.1   
13,000,000
            
@
    
Put JPY/USD, Strike @ 105.260, Exp. 07/22/13 Counterparty: JPMorgan Chase & Co.
          67,965             0.0   
10,000,000
            
@
    
Put JPY/USD, Strike @ 108.060, Exp. 08/20/13 Counterparty: Deutsche Bank AG
          44,486             0.0   
 
            
 
    
 
          830,636             0.1   
 
            
 
    
Total Purchased Options
                                
 
            
 
    
(Cost $1,144,540)
          830,636             0.1   
 
            
 
    
Total Investments in Securities
                                
 
            
 
    
(Cost $849,021,954)
       $ 949,047,474             97.8   
 
            
 
    
Assets in Excess of Other Liabilities
          21,658,334             2.2   
 
            
 
    
Net Assets
       $ 970,705,808             100.0   
 
@
   Non-income producing security

ADR
   American Depositary Receipt

  Cost for federal income tax purposes is $849,076,254.

Net unrealized appreciation consists of:
                        
Gross Unrealized Appreciation
               $ 130,013,722   
Gross Unrealized Depreciation
                  (30,042,502 )  
Net Unrealized Appreciation
               $ 99,971,220   
 



ING GLOBAL EQUITY DIVIDEND AND PREMIUM
OPPORTUNITY FUND

PORTFOLIO OF INVESTMENTS
as of May 31, 2013 (Unaudited) (Continued)

Sector Diversification
         Percentage
of Net Assets
Financials
                  20.0 %  
Health Care
                  12.6   
Industrials
                  12.0   
Energy
                  11.3   
Consumer Discretionary
                  10.1   
Information Technology
                  10.1   
Consumer Staples
                  6.7   
Materials
                  5.9   
Utilities
                  5.1   
Telecommunication Services
                  3.9   
Options on Currencies
                  0.1   
Assets in Excess of Other Liabilities
                  2.2   
Net Assets
                  100.0 %  
 

Fair Value Measurments

The following is a summary of the fair valuations according to the inputs used as of May 31, 2013 in valuing the assets and liabilities:

        Quoted Prices
in Active Markets
for Identical
Investments
(Level 1)
     Significant
Other
Observable
Inputs#
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Fair Value
at
May 31, 2013
Asset Table
                                                                    
Investments, at fair value
                                                                    
Common Stock
                                                                     
Australia
               $ —           $ 6,960,929          $ —           $ 6,960,929   
Canada
                  49,006,579             —              —              49,006,579   
China
                  9,220,607             4,833,200             —              14,053,807   
France
                  —              71,242,231             —              71,242,231   
Germany
                  —              55,672,703             —              55,672,703   
Hong Kong
                  —              5,039,480             —              5,039,480   
Italy
                  —              17,986,986             —              17,986,986   
Japan
                  —              75,161,944             —              75,161,944   
Luxembourg
                  —              12,253,618             —              12,253,618   
Netherlands
                  —              30,429,156             —              30,429,156   
Singapore
                  —              19,309,564             —              19,309,564   
Sweden
                  —              16,147,893             —              16,147,893   
Switzerland
                  —              43,429,613             —              43,429,613   
Taiwan
                  10,307,000             —              —              10,307,000   
United Kingdom
                  9,434,656             86,204,466             —              95,639,122   
United States
                  425,576,213             —              —              425,576,213   
Total Common Stock
                  503,545,055             444,671,783             —              948,216,838   
Purchased Options
                  —              830,636             —              830,636   
Total Investments, at fair value
               $ 503,545,055          $ 445,502,419          $ —           $ 949,047,474   
Other Financial Instruments+
                                                                    
Futures
                  57,571             —              —              57,571   
Total Assets
               $ 503,602,626          $ 445,502,419          $ —           $ 949,105,045   
Liabilities Table
                                                                    
Other Financial Instruments+
                                                                    
Written Options
               $ —           $ (19,711,014 )         $ —           $ (19,711,014 )  
Futures
                  (1,397,672 )            —              —              (1,397,672 )  
Total Liabilities
               $ (1,397,672 )         $ (19,711,014 )         $ —           $ (21,108,686 )  
 

+
   Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and may include open forward foreign currency contracts, equity forwards, futures, swaps, and written options. Forward foreign currency contracts, equity forwards and futures are valued at the unrealized gain (loss) on the instrument. Swaps and written options are valued at the fair value of the instrument.

#
   The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Fund’s investments are categorized as Level 2 investments.



ING GLOBAL EQUITY DIVIDEND AND PREMIUM
OPPORTUNITY FUND

PORTFOLIO OF INVESTMENTS
as of May 31, 2013 (Unaudited) (Continued)

ING Global Equity Dividend and Premium Opportunity Fund Open Futures Contracts on May 31, 2013:

Contract Description
  
 Number
of Contracts
   
 Expiration
Date
   
 Notional
Value
   
 Unrealized
Appreciation/
(Depreciation)
Long Contracts
                                                                    
FTSE 100 Index
                  322              06/21/13          $ 32,160,860          $ (865,943 )  
NIKKEI 225 (SGX)
                  191              06/13/13             13,014,733             (294,336 )  
 
                                             $ 45,175,593          $ (1,160,279 )  
Short Contracts
                                                                        
Euro STOXX 50®
                  (226 )            06/21/13             (8,148,431 )            57,571   
S&P 500 E-Mini
                  (189 )            06/21/13             (15,394,050 )            (237,393 )  
 
                                             $ (23,542,481 )         $ (179,822 )   
 

ING Global Equity Dividend and Premium Opportunity Fund Written OTC Options on May 31, 2013:

Number of
Contracts/Notional
Amount
  
 Counterparty
   
 Description
   
 Exercise
Price
   
 Expiration
Date
   
 Premiums
Received
   
 Fair Value
Options on Indices
            
 
    
 
    
 
                                             
6,300
            
Deutsche Bank AG
    
Call on Euro Stoxx 50® Index
    
2,803.680  EUR
          07/05/13          $ 491,369          $ (310,596 )  
6,700
            
Goldman Sachs & Co.
    
Call on Euro Stoxx 50® Index
    
2,526.760  EUR
          06/07/13             627,512             (2,093,773 )  
6,300
            
Royal Bank of Scotland Group PLC
    
Call on Euro Stoxx 50® Index
    
2,686.490  EUR
          06/21/13             567,589             (789,893 )  
4,200
            
Deutsche Bank AG
    
Call on FTSE 100 Index
    
6,675.000  GBP
          07/05/13             671,762             (395,452 )  
4,200
            
JPMorgan Chase & Co.
    
Call on FTSE 100 Index
    
6,226.870  GBP
          06/07/13             749,915             (2,248,050 )  
4,200
            
JPMorgan Chase & Co.
    
Call on FTSE 100 Index
    
6,428.600  GBP
          06/21/13             697,847             (1,160,328 )  
102,800
            
Barclays Bank PLC
    
Call on Nikkei 225 Index
    
13,736.085  JPY
          06/21/13             456,808             (502,812 )  
100,000
            
BNP Paribas Bank
    
Call on Nikkei 225 Index
    
15,233.592  JPY
          07/05/13             508,690             (131,351 )  
119,800
            
Citigroup, Inc.
    
Call on Nikkei 225 Index
    
13,490.350  JPY
          06/07/13             534,431             (548,117 )  
73,000
            
Citigroup, Inc.
    
Call on S&P 500 Index
    
1,593.364  USD
          06/21/13             2,034,101             (3,437,858 )  
70,400
            
Citigroup, Inc.
    
Call on S&P 500 Index
    
1,657.910  USD
          07/05/13             1,955,008             (970,619 )  
72,000
            
JPMorgan Chase & Co.
    
Call on S&P 500 Index
    
1,542.811  USD
          06/07/13             2,240,496             (6,319,516 )  
Options on Currencies
            
 
    
 
    
 
                                             
21,000,000
            
Citigroup, Inc.
    
Call EUR/USD
    
1.341  USD
          07/22/13             116,340             (59,277 )  
13,000,000
            
Deutsche Bank AG
    
Call EUR/USD
    
1.330  USD
          06/20/13             81,900             (16,610 )  
20,000,000
            
JPMorgan Chase & Co.
    
Call EUR/USD
    
1.324  USD
          08/20/13             110,000             (167,544 )  
35,000,000
            
Citigroup, Inc.
    
Call GBP/USD
    
1.559  USD
          07/22/13             171,500             (100,958 )  
38,000,000
            
JPMorgan Chase & Co.
    
Call GBP/USD
    
1.551  USD
          08/20/13             209,000             (243,646 )  
28,000,000
            
JPMorgan Chase & Co.
    
Call GBP/USD
    
1.554  USD
          06/20/13             151,200             (26,109 )  
18,000,000
            
Citigroup, Inc.
    
Call JPY/USD
    
90.200  USD
          06/20/13             126,000             (2,049 )  
10,000,000
            
Deutsche Bank AG
    
Call JPY/USD
    
97.980  USD
          08/20/13             72,000             (145,897 )  
13,000,000
            
JPMorgan Chase & Co.
    
Call JPY/USD
    
94.220  USD
          07/22/13             106,600             (40,559 )  
 
             Total Written OTC Options       $ 12,680,068          $ (19,711,014 )  
 

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of May 31, 2013 was as follows:

Derivatives not accounted for as hedging instruments
         Derivative Type
     Fair Value
Assset Derivatives
            
Foreign exchange contracts
            
Purchased Options
       $ 830,636   
Equity contracts
            
Futures
          57,571   
Total Asset Derivatives
            
 
       $ 888,207   
Liability Derivatives
            
 
               
Equity contracts
            
Futures
       $ 1,397,672   
Equity contracts
            
Written options
          18,908,365   
Foreign exchange contracts
            
Written options
          802,649   
Total Liability Derivatives
            
 
       $ 21,108,686   
 



ING GLOBAL EQUITY DIVIDEND AND PREMIUM
OPPORTUNITY FUND

PORTFOLIO OF INVESTMENTS
as of May 31, 2013 (Unaudited) (Continued)

The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral (received)/pledged, if any, at May 31, 2013(1):

Counterparty
  
 Total Fair Value
of OTC
Derivative Instruments(2)
   
 Collateral
(Received)/Pledged
   
 Net Exposure at
May 31, 2013(3)
Barclays Bank PLC
               $ (502,812 )         $ —           $ (502,812 )  
BNP Paribas Bank
                  (131,351 )            —              (131,351 )  
Citigroup, Inc.
                  (4,647,212 )            —              (4,647,212 )  
Deutsche Bank AG
                  (820,145 )            —              (820,145 )  
Goldman Sachs & Co.
                  (2,093,773 )            —              (2,093,773 )  
JPMorgan Chase & Co.
                  (11,235,293 )            —              (11,235,293 )  
Royal Bank of Scotland Group PLC
                  (789,893 )            —              (789,893 )  
 

(1)
   Please refer to the table above for the gross fair values of all open OTC derivative instruments broken down by assets and liabilities at May 31, 2013.

(2)
   Represents the net fair value of all open OTC derivative instruments with each respective broker(s).

(3)
   Net exposure represents the fair value of the net receivable/(payable) that would be due from/(to) the counterparty in the event of default.



 

Item 2. Controls and Procedures.

 

 

(a)

Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-Q are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form N-Q and the officer certifications of such Form N-Q.

 

 

(b)

There were no significant changes in the registrant’s internal controls over financial reporting that occurred during the registrant’s last fiscal quarter of the period covered by this report 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 under the Act (17 CFR 270.30a-2) is attached hereto as EX-99.CERT.

 



 

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:

July 26, 2013

 

 

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:

July 26, 2013

 

 

 

 

By

/s/ Todd Modic

 

 

Todd Modic

 

 

Senior Vice President and Chief Financial Officer

 

 

 

 

Date:

July 26, 2013