UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM
N-Q |
Investment Company Act file number 811- 06685
John Hancock
Patriot Global Dividend Fund (Exact name of registrant as specified in charter) |
601 Congress
Street Boston, Massachusetts 02210 (Name and address of agent for service) |
Registrant's telephone number, including area code: 617-663-4324
Date of fiscal year end: | July 31 |
Date of reporting period: | October 31, 2005 |
ITEM 1. SCHEDULE OF INVESTMENTS |
John Hancock | ||||
Patriot Global Dividend Fund | ||||
Securities owned by the Fund on | ||||
October 31, 2005 (unaudited) | ||||
Issuer | Shares | Value | ||
Common stocks 31.64% | $54,691,160 | |||
(Cost $52,214,962) | ||||
Electric Utilities 2.55% | 4,398,752 | |||
| ||||
Cinergy Corp. | 50,000 | 1,995,000 | ||
Great Plains Energy, Inc. | 10,750 | 308,632 | ||
Progress Energy, Inc. | 48,000 | 2,092,320 | ||
Progress Energy, Inc. (Contingent Value Obligation) (B)(I) | 35,000 | 2,800 | ||
Gas Utilities 1.37% |
2,376,090 | |||
| ||||
Atmos Energy Corp. | 10,500 | 276,150 | ||
Peoples Energy Corp. | 56,450 | 2,099,940 | ||
Integrated Telecommunication Services 1.85% |
3,196,445 | |||
| ||||
SBC Communications, Inc. | 94,850 | 2,262,173 | ||
Verizon Communications, Inc. | 29,650 | 934,272 | ||
Multi-Utilities & Unregulated Power 25.87% |
44,719,873 | |||
| ||||
Alliant Energy Corp. | 118,420 | 3,132,209 | ||
Ameren Corp. | 30,000 | 1,578,000 | ||
CH Energy Group, Inc. | 120,900 | 5,627,895 | ||
Dominion Resources, Inc. | 47,500 | 3,613,800 | ||
DTE Energy Co. | 116,900 | 5,050,080 | ||
Duke Energy Corp. | 58,000 | 1,535,840 | ||
Energy East Corp. | 194,000 | 4,626,900 | ||
KeySpan Corp. | 102,000 | 3,526,140 | ||
NiSource, Inc. | 44,000 | 1,040,600 | ||
NSTAR | 158,000 | 4,297,600 | ||
Public Service Enterprise Group, Inc. | 16,000 | 1,006,240 | ||
Sierra Pacific Resources (I) | 108,900 | 1,410,255 | ||
TECO Energy, Inc. | 143,700 | 2,486,010 | ||
WPS Resources Corp. | 60,400 | 3,295,424 | ||
Xcel Energy, Inc. | 136,000 | 2,492,880 | ||
Credit | ||||
Issuer, description | rating (A) | Shares | Value | |
Preferred stocks 67.71% | $117,024,470 | |||
(Cost $115,531,020) | ||||
Agricultural Products 2.13% | 3,687,187 | |||
| ||||
Ocean Spray Cranberries, Inc., 6.25%, Ser A (S) | BB+ | 45,000 | 3,687,187 | |
Broadcasting & Cable TV 1.40% |
2,423,792 | |||
| ||||
Shaw Communications, Inc., 8.50% (Canada) | B+ | 95,200 | 2,423,792 |
Page 1
John Hancock | |||
Patriot Global Dividend Fund | |||
Securities owned by the Fund on | |||
October 31, 2005 (unaudited) | |||
Consumer Finance 2.86% | 4,945,920 | ||
| |||
SLM Corp., 6.97%, Ser A | BBB+ | 92,000 | 4,945,920 |
Diversified Banks 2.69% |
4,647,645 | ||
| |||
Bank of America Corp., 6.75%, Depositary Shares, Ser VI | A | 77,100 | 3,997,635 |
Royal Bank of Scotland Group Plc, 5.75%, Ser L (United Kingdom) | A | 28,200 | 650,010 |
Electric Utilities 17.37% |
30,022,741 | ||
| |||
Alabama Power Co., 5.20% | BBB+ | 220,000 | 5,170,000 |
Central Illinois Light Co., 4.64% | Baa2 | 7,460 | 663,241 |
Central Maine Power Co., 4.75% (G) | Baa2 | 11,015 | 903,230 |
Connecticut Light & Power Co., 3.90%, Ser 1949 | Baa3 | 27,255 | 927,523 |
Duquesne Light Co., 6.50% | BB+ | 100,000 | 5,100,000 |
Entergy Mississippi, Inc., 6.25% | BB+ | 120,000 | 2,992,500 |
Interstate Power & Light Co., 7.10%, Ser C | BBB- | 25,000 | 675,000 |
Interstate Power & Light Co., 8.375%, Ser B | BBB- | 36,800 | 1,214,400 |
Massachusetts Electric Co., 4.76% | BBB+ | 6,166 | 593,285 |
Northern Indiana Public Service Co., 7.50% | BB+ | 22,845 | 2,328,762 |
Sierra Pacific Power Co., 7.80%, Ser 1 (Class A) | CCC+ | 220,800 | 5,464,800 |
Southern California Edison Co., 6.125% | BBB- | 40,000 | 3,990,000 |
Gas Utilities 1.61% |
2,776,200 | ||
| |||
Southern Union Co., 7.55% | BB+ | 105,000 | 2,776,200 |
Integrated Oil & Gas 0.58% |
1,000,000 | ||
| |||
Coastal Finance I, 8.375% | CCC | 40,000 | 1,000,000 |
Integrated Telecommunication Services 0.00% |
1,393 | ||
| |||
Touch America Holdings, Inc., $6.875 (B)(G)(H) | D | 13,928 | 1,393 |
Investment Banking & Brokerage 9.24% |
15,967,140 | ||
| |||
Bear Stearns Cos., Inc. (The), 5.49%, Depositary Shares, Ser G | BBB | 56,000 | 2,758,000 |
Bear Stearns Cos., Inc. (The), 5.72%, Depositary Shares, Ser F | BBB | 91,000 | 4,504,500 |
Lehman Brothers Holdings, Inc., 5.67%, Depositary Shares, Ser D | A- | 147,950 | 7,323,525 |
Lehman Brothers Holdings, Inc., 5.94%, Depositary Shares, Ser C | A- | 28,100 | 1,381,115 |
Life & Health Insurance 3.06% |
5,289,900 | ||
| |||
MetLife, Inc., 6.50%, Ser B | BBB | 210,000 | 5,289,900 |
Multi-Utilities & Unregulated Power 6.95% |
12,014,630 | ||
| |||
Baltimore Gas & Electric Co., 6.99%, Ser 1995 | Baa1 | 10,000 | 1,044,063 |
Energy East Capital Trust I, 8.25% | BBB- | 55,700 | 1,414,223 |
Public Service Electric & Gas Co., 4.18%, Ser B | BB+ | 40,000 | 3,240,000 |
Public Service Electric & Gas Co., 6.92% | BB+ | 7,000 | 730,407 |
South Carolina Electric & Gas Co., 6.52% | Baa1 | 55,000 | 5,585,937 |
Oil & Gas Exploration & Production 10.16% |
17,566,929 | ||
| |||
Anadarko Petroleum Corp., 5.46%, Depositary Shares, Ser B | BBB- | 52,300 | 5,102,519 |
Apache Corp., 5.68%, Depositary Shares, Ser B | BBB | 48,075 | 4,833,042 |
Page 2
John Hancock | ||||
Patriot Global Dividend Fund | ||||
Securities owned by the Fund on | ||||
October 31, 2005 (unaudited) | ||||
Devon Energy Corp., 6.49%, Ser A |
BB+ | 50,000 | 5,137,500 | |
Nexen, Inc., 7.35% (Canada) | BB+ | 96,400 | 2,493,868 | |
Other Diversified Financial Services 4.28% |
7,392,600 | |||
| ||||
Citigroup, Inc., 6.231%, Depositary Shares, Ser H | A | 85,200 | 4,302,600 | |
JPMorgan Chase & Co., 6.625%, Depositary Shares, Ser H | A- | 60,000 | 3,090,000 | |
Regional Banks 3.04% |
5,248,393 | |||
| ||||
HSBC USA, Inc., $2.8575 (G) | A1 | 108,550 | 5,248,393 | |
Trucking 2.34% |
4,040,000 | |||
| ||||
AMERCO, 8.50%, Ser A | CCC+ | 160,000 | 4,040,000 | |
Interest | Par value | |||
Issuer, maturity date | rate (%) | ($000) | Value | |
Short-term investments 0.65% | $1,117,000 | |||
(Cost $1,117,000) | ||||
Commercial Paper 0.65% | 1,117,000 | |||
| ||||
ChevronTexaco Funding Corp., 11-01-05 | 3.850 | 1,117 | 1,117,000 | |
Total investments 100.00% | $172,832,630 |
Page 3
John Hancock Patriot Global Dividend Fund Footnotes to Schedule of Investments October 31, 2005 (unaudited) |
(A) | Credit ratings are unaudited and are rated by Moody's Investors Service where Standard & Poor's ratings are not available, unless indicated otherwise. |
(B) | This security is fair valued in good faith under procedures established by the Board of Trustees. |
(G) | Security rated internally by John Hancock Advisers, LLC. |
(H) | Non-income-producing issuer filed for protection under the Federal Bankruptcy Code or is in default of interest payment. |
(I) | Non-income-producing security. |
(S) | This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $3,687,187 or 2.13% of the Fund's total investments as of October 31, 2005. |
Parenthetical disclosure of a foreign country in the security description represents country of a foreign issuer. | |
The percentage shown for each investment category is the total value of that category as a percentage of the total investments of the Fund. | |
The cost of investments owned on October 31, 2005, including short-term investments, was $168,862,982. Gross unrealized appreciation and depreciation of investments aggregated $9,647,132 and $5,677,484, respectively, resulting in net unrealized appreciation of $3,969,648. | |
Footnotes to Schedule of Investments - Page 1
ITEM 2. CONTROLS AND PROCEDURES. |
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-Q, the registrant's principal executive officer and principal accounting officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 3. EXHIBITS.
Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
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.
John Hancock Patriot Global Dividend Fund |
By: | /s/Keith F. Hartstein |
Keith F. Hartstein | |
President and Chief Executive Officer | |
Date: | December 21, 2005 |
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/Keith F. Hartstein |
Keith F. Hartstein | |
President and Chief Executive Officer | |
Date: | December 21, 2005 |
By: | /s/John G. Vrysen |
John G. Vrysen | |
Executive Vice President and Chief Financial Officer | |
Date: | December 21, 2005 |