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UNITED
STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q |
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OMB
APPROVAL
OMB Number: 3235-0578 Expires: February 28, 2006 Estimated average burden hours per response: 20.0 |
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number: 811-21734
Registrant Name: PIMCO Global StocksPLUS & Income Fund
Address of Principal Executive Offices: 1345 Avenue of the Americas New York, New York 10105
Name and Address of Agent for Service: Lawrence G. Altadonna – 1345 Avenue of the Americas New York, New York 10105
Registrant’s telephone number, including area code: 212-739-3371
Date of Fiscal Year End: March 31, 2006
Date of Reporting Period: December 31, 2005
Form N-Q is to be used by the registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b 1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (‘‘OMB’’) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Schedule of Investments
PIMCO Global StocksPLUS & Income
Fund Schedule of Investments
December 31,
2005 (unaudited)
|
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| Principal Amount (000) |
|
|
Credit
Rating (Moody's/S&P) |
|
Value* | ||||||||||
|
U.S. GOVERNMENT AGENCY SECURITIES–45.2% |
|
||||||||||||||
|
Fannie Mae, |
|
|||||||||||||
| $ 3,522 | |
4.015%, 1/1/34, FRN, MBS | |
Aaa/AAA | |
$ 3,465,231 | |||||||||
| 19 | |
4.906%, 4/25/07, CMO, FRN | |
Aaa/AAA | |
18,949 | |||||||||
| 23 | |
5.50%, 4/1/28, MBS | |
Aaa/AAA | |
22,907 | |||||||||
| 20 | |
5.50%, 12/1/28, MBS | |
Aaa/AAA | |
20,328 | |||||||||
| 130 | |
5.50%, 1/1/29, MBS | |
Aaa/AAA | |
129,308 | |||||||||
| 82 | |
5.50%, 4/1/29, MBS | |
Aaa/AAA | |
81,614 | |||||||||
| 616 | |
5.50%, 5/1/29, MBS | |
Aaa/AAA | |
611,596 | |||||||||
| 3,350 | |
5.50%, 6/1/29, MBS | |
Aaa/AAA | |
3,321,481 | |||||||||
| 1,389 | |
5.50%, 7/1/29, MBS | |
Aaa/AAA | |
1,380,328 | |||||||||
| 6,634 | |
5.50%, 4/1/31, MBS | |
Aaa/AAA | |
6,591,684 | |||||||||
| 910 | |
5.50%, 1/1/32, MBS | |
Aaa/AAA | |
904,291 | |||||||||
| 1,089 | |
5.50%, 4/1/32, MBS | |
Aaa/AAA | |
1,082,343 | |||||||||
| 2,072 | |
5.50%, 11/1/34, MBS | |
Aaa/AAA | |
2,053,906 | |||||||||
| 1,768 | |
5.50%, 1/1/35, MBS | |
Aaa/AAA | |
1,745,017 | |||||||||
| 748 | |
6.472%, 11/1/28, FRN, MBS | |
Aaa/AAA | |
771,693 | |||||||||
| 23 | |
6.50%, 6/1/31, MBS | |
Aaa/AAA | |
23,515 | |||||||||
| 310 | |
6.50%, 9/1/31, MBS | |
Aaa/AAA | |
318,100 | |||||||||
| 607 | |
6.50%, 11/1/31, MBS | |
Aaa/AAA | |
622,666 | |||||||||
| 848 | |
6.50%, 7/1/32, MBS | |
Aaa/AAA | |
870,873 | |||||||||
| 1,206 | |
6.50%, 9/1/32, MBS | |
Aaa/AAA | |
1,232,848 | |||||||||
| 305 | |
6.50%, 10/1/33, MBS | |
Aaa/AAA | |
313,186 | |||||||||
| 658 | |
6.50%, 12/1/33, MBS | |
Aaa/AAA | |
674,825 | |||||||||
| 1,673 | |
6.95%, 8/25/21, CMO | |
Aaa/AAA | |
1,727,547 | |||||||||
| 1,198 | |
7.00%, 8/25/21, CMO | |
Aaa/AAA | |
1,246,369 | |||||||||
| 1,528 | |
7.00%, 9/25/21, CMO | |
Aaa/AAA | |
1,589,691 | |||||||||
| 98 | |
7.00%, 1/25/48, CMO | |
Aaa/AAA | |
102,145 | |||||||||
| 55 | |
Fannie Mae Grantor Trust, 4.419%, 7/25/35, ABS, FRN | |
NA/NA | |
54,861 | |||||||||
| 240 | |
Fannie Mae Whole Loan, 7.80%, 6/25/26, ABS | |
Aaa/AAA | |
256,547 | |||||||||
| 4,000 | |
Federal Home Loan Bank, zero coupon, 2/27/12, VRN (g) | |
Aaa/AAA | |
3,483,403 | |||||||||
| 229 | |
Federal Home Loan Mortgage Corp., Structured Pass Through Securities, 6.50%, 7/25/43, CMO | |
Aaa/AAA | |
234,251 | |||||||||
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Freddie Mac, |
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| 52 | |
4.925%, 7/15/08, CMO, FRN | |
Aaa/AAA | |
52,003 | |||||||||
| 3,348 | |
6.00%, 5/1/30, MBS | |
Aaa/AAA | |
3,391,145 | |||||||||
| 22,250 | |
6.00%, 5/1/34, MBS (h) | |
Aaa/AAA | |
22,481,540 | |||||||||
| 2,000 | |
6.50%, 10/15/23, CMO | |
Aaa/AAA | |
2,074,057 | |||||||||
| 1,000 | |
6.50%, 4/15/24, CMO | |
Aaa/AAA | |
1,036,134 | |||||||||
| 4,523 | |
6.50%, 6/15/31, CMO | |
Aaa/AAA | |
4,643,162 | |||||||||
| 4,297 | |
6.50%, 8/15/31, CMO | |
Aaa/AAA | |
4,483,492 | |||||||||
| 7,411 | |
6.50%, 2/15/32, CMO | |
Aaa/AAA | |
7,646,118 | |||||||||
| 17,531 | |
6.50%, 12/1/34, MBS (h) | |
Aaa/AAA | |
17,975,164 | |||||||||
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1
PIMCO Global StocksPLUS & Income
Fund Schedule of Investments
December 31,
2005 (unaudited) (continued)
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| Principal Amount (000) |
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|
Credit
Rating (Moody's/S&P) |
|
Value* | ||||||||||
| $ 9,099 | |
6.50%, 4/1/35, MBS | |
Aaa/AAA | |
$ 9,329,177 | |||||||||
| 9,228 | |
7.00%, 6/15/31, CMO | |
Aaa/AAA | |
9,641,637 | |||||||||
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Total U.S. Government Agency Securities (cost–$119,241,409) | |
|
117,705,132 | |||||||||||
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MORTGAGE-BACKED SECURITIES–15.2% |
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| 333 | |
Bear Stearns Asset Backed Securities, Inc., 5.00%, 1/25/34, CMO | |
Aaa/AAA | |
329,948 | |||||||||
|
Countrywide Alternative Loan Trust, | |
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| 319 | |
4.779%, 3/25/34, CMO, FRN | |
Aaa/AAA | |
319,966 | |||||||||
| 567 | |
6.25%, 9/25/34, CMO | |
Aaa/AAA | |
571,417 | |||||||||
| 2,453 | |
6.50%, 7/25/35, CMO | |
Aaa/AAA | |
2,490,563 | |||||||||
|
Countrywide Home Loan Mortgage Pass Through Trust, | |
|||||||||||||
| 378 | |
4.779%, 8/25/18, CMO, FRN | |
NR/AAA | |
379,451 | |||||||||
| 1,560 | |
4.839%, 9/25/34, CMO, FRN | |
Aaa/AAA | |
1,566,684 | |||||||||
| 396 | |
4.879%, 3/25/34, CMO, FRN | |
Aaa/NR | |
396,679 | |||||||||
| 1,866 | |
Denver Arena Trust, 6.94%, 11/15/19 (b)(d) | |
NR/NR | |
1,894,064 | |||||||||
|
First Horizon Asset Securities, Inc., | |
|||||||||||||
| 249 | |
4.879%, 3/25/18, CMO, FRN | |
NR/AAA | |
250,590 | |||||||||
| 139 | |
5.241%, 12/27/32, CMO, FRN | |
Aaa/AAA | |
139,612 | |||||||||
| 972 | |
First Republic Mortgage Loan Trust, 4.669%, 8/15/32, CMO, FRN | |
Aaa/AAA | |
972,439 | |||||||||
| 5,524 | |
GSMPS Mortgage Loan Trust, 7.00%, 6/25/43, CMO (d) | |
NR/NR | |
5,616,450 | |||||||||
|
Harborview Mortgage Loan Trust, | |
|||||||||||||
| 117 | |
4.64%, 3/19/35, CMO, FRN | |
Aaa/AAA | |
117,045 | |||||||||
| 1,636 | |
6.088%, 11/19/34, CMO, FRN (g) | |
Aaa/AAA | |
1,663,068 | |||||||||
| 498 | |
Impac CMB Trust, 4.759%, 12/25/33, CMO, FRN | |
Aaa/AAA | |
498,589 | |||||||||
|
Nomura Asset Acceptance Corp., | |
|
||||||||||||
| 488 | |
4.769%, 10/25/34, CMO, FRN | |
Aaa/AAA | |
488,446 | |||||||||
| 3,185 | |
7.50%, 3/25/34, CMO (d) | |
Aaa/AAA | |
3,309,629 | |||||||||
| 841 | |
Provident Funding Mortgage Loan Trust,
4.053%, 4/25/34, CMO, VRN |
|
Aaa/AAA | |
815,265 | |||||||||
| 925 | |
Residential Asset Securitization Trust,
4.829%, 2/25/34, CMO, FRN (h) |
|
NR/AAA | |
928,163 | |||||||||
| 1,143 | |
Residential Funding Mortgage Sec I, 4.779%, 7/25/18, CMO, FRN | |
NR/AAA | |
1,146,764 | |||||||||
| 113 | |
SACO I, Trust, 7.00%, 8/25/36, CMO (d)(g) | |
Aaa/NR | |
121,759 | |||||||||
| 184 | |
Sail Net Interest Margin Notes, 7.35%, 11/27/33, ABS (d) | |
Bbb/BBB | |
183,081 | |||||||||
|
Sequoia Mortgage Trust, | |
|
||||||||||||
| 575 | |
4.75%, 10/20/27, CMO, FRN | |
Aaa/AAA | |
576,558 | |||||||||
| 491 | |
4.77%, 10/20/27, CMO, FRN | |
Aaa/AAA | |
491,855 | |||||||||
| 2,064 | |
4.879%, 8/20/34, CMO, FRN | |
Aaa/AAA | |
2,137,753 | |||||||||
| 214 | |
5.160%, 9/20/32, CMO, FRN | |
Aaa/AAA | |
216,154 | |||||||||
| 23 | |
Structured Asset Securities Corp., 4.629%, 11/25/34, CMO, FRN | |
Aaa/AAA | |
22,613 | |||||||||
|
Washington Mutual, Inc., | |
|
||||||||||||
| 876 | |
3.423%, 5/25/33, CMO, VRN | |
Aaa/AAA | |
854,888 | |||||||||
| 48 | |
3.624%, 4/25/35, CMO, VRN | |
Aaa/AAA | |
48,296 | |||||||||
| 353 | |
4.125%, 1/25/33, CMO, FRN | |
Aaa/AAA | |
352,984 | |||||||||
| 1,897 | |
4.51%, 10/25/44, CMO, FRN (h) | |
Aaa/AAA | |
1,905,243 | |||||||||
|
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2
PIMCO Global StocksPLUS & Income
Fund Schedule of Investments
December 31,
2005 (unaudited) (continued)
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal Amount (000) |
|
|
Credit
Rating (Moody's/S&P) |
|
Value* | ||||||||||
| $ 1,472 | |
4.556%, 2/25/33, CMO, FRN | |
Aaa/AAA | |
$ 1,454,260 | |||||||||
| 255 | |
4.563%, 8/25/42, CMO, FRN | |
Aaa/AAA | |
253,817 | |||||||||
| 500 | |
4.585%, 4/25/35, CMO, VRN | |
Aaa/AAA | |
494,865 | |||||||||
| 1,081 | |
4.599%, 1/25/45, CMO, FRN | |
Aaa/AAA | |
1,080,841 | |||||||||
| 2,165 | |
4.719%, 1/25/45, CMO, FRN | |
Aaa/AAA | |
2,170,072 | |||||||||
| 73 | |
4.726%, 6/25/42, CMO, FRN | |
Aaa/AAA | |
73,321 | |||||||||
| 3,418 | |
Wells Fargo Mortgage Backed Securities
Trust, 4.715%, 12/25/33, CMO, FRN |
|
NR/AAA | |
3,315,118 | |||||||||
|
Total Mortgage-Backed Securities (cost–$39,989,055) | |
|
39,648,310 | |||||||||||
|
ASSET-BACKED SECURITIES–11.2% |
|
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| 111 | |
Cendant Mortgage, Corp., 6.00%, 7/25/43, VRN (d) | |
NR/NR | |
111,889 | |||||||||
| 526 | |
Chase Funding Loan Acquisition Trust, 4.709%, 1/25/33, FRN | |
Aaa/AAA | |
526,861 | |||||||||
| 116 | |
Cityscape Home Equity Loan Trust, 7.65%, 9/25/25 | |
Aaa/AAA | |
115,740 | |||||||||
| 156 | |
Countrywide Asset-Backed Certificates, 4.659%, 4/25/34, FRN | |
Aaa/AAA | |
156,678 | |||||||||
|
Countrywide Home Equity Loan Trust, | |
|
||||||||||||
| 330 | |
4.589%, 4/15/30, FRN | |
Aaa/AAA | |
330,364 | |||||||||
| 192 | |
4.589%, 1/15/34, FRN | |
Aaa/AAA | |
191,836 | |||||||||
| 610 | |
4.609%, 5/15/28, FRN | |
Aaa/AAA | |
610,826 | |||||||||
| 386 | |
4.629%, 4/15/28, FRN | |
Aaa/AAA | |
385,712 | |||||||||
| 1,243 | |
CS First Boston Mortgage Securities Corp., 6.229%, 8/25/32, FRN | |
A2/A | |
1,253,529 | |||||||||
| 3,000 | |
CVS Lease Pass Through, 5.88%, 1/10/28 (b)(d)(g) | |
A3/A− | |
3,054,156 | |||||||||
| 1,579 | |
EMC Mortgage Loan Trust, 5.129%, 8/25/40, FRN (d) | |
NR/AAA | |
1,601,478 | |||||||||
| 5 | |
Equity One Asset-Backed Securities, Inc., 4.539%, 7/25/34, FRN | |
Aaa/AAA | |
5,054 | |||||||||
| 100 | |
First Franklin Mortgage Loan Asset Backed Certificates, 4.559%, 3/25/35, FRN | |
Aaa/AAA | |
100,101 | |||||||||
| 80 | |
Fremont Home Loan Trust, 4.579%, 2/25/34, FRN | |
Aaa/AAA | |
80,621 | |||||||||
|
Green Tree Financial Corp., | |
|
||||||||||||
| 1,040 | |
6.16%, 2/1/31 | |
NR/B | |
1,045,556 | |||||||||
| 500 | |
6.22%, 3/1/30, ABS | |
NR/A− | |
495,025 | |||||||||
| 1,588 | |
6.53%, 4/1/30 | |
Baa3/NR | |
1,588,182 | |||||||||
| 3,573 | |
6.53%, 2/1/31, ABS | |
NR/B | |
3,319,410 | |||||||||
| 3,616 | |
6.81%, 12/1/27 | |
Baa3/A− | |
3,682,389 | |||||||||
| 193 | |
Greenpoint Home Equity Loan Trust, 4.609%, 7/25/29, FRN | |
Aaa/AAA | |
193,428 | |||||||||
| 2,806 | |
Lake Country Mortgage Loan Trust, 4.909%, 12/25/32, FRN (d)(g)(h) | |
Aaa/AAA | |
2,821,589 | |||||||||
|
Long Beach Mortgage Loan Trust, | |
|
||||||||||||
| 95 | |
4.639%, 7/25/34, FRN | |
Aaa/AAA | |
95,465 | |||||||||
| 2,755 | |
5.329%, 3/25/32, FRN | |
Aa2/NR | |
2,783,261 | |||||||||
| 2,986 | |
6.029%, 3/25/32, FRN | |
Baa1/NR | |
2,891,558 | |||||||||
| 350 | |
Master Asset Backed Securities Trust, 4.799%, 3/25/35, FRN | |
Aa1/AA+ | |
350,081 | |||||||||
| 269 | |
Money Store Home Equity Trust, 4.519%, 8/15/29, FRN | |
Aaa/AAA | |
269,223 | |||||||||
| 467 | |
Renaissance Home Equity Loan Trust, 4.879%, 12/25/33, FRN | |
Aaa/AAA | |
470,409 | |||||||||
| 55 | |
Residential Asset Securities Corp., 4.879%, 3/25/30, FRN | |
Aaa/AAA | |
54,894 | |||||||||
| 2 | |
Residential Funding Mortgage Securities II, Inc., 4.529%, 12/25/18, FRN | |
Aaa/AAA | |
1,749 | |||||||||
|
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3
PIMCO Global StocksPLUS & Income
Fund Schedule of Investments
December 31,
2005 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal Amount (000) |
|
|
Credit
Rating (Moody's/S&P) |
|
Value* | ||||||||||
|
Wachovia Asset Securitization, Inc., | |
|
||||||||||||
| $ 208 | |
4.629%, 11/25/33, FRN | |
Aaa/AAA | |
$207,721 | |||||||||
| 370 | |
4.809%, 12/25/32, FRN | |
Aaa/AAA | |
371,996 | |||||||||
|
Total Asset-Backed Securities (cost–$29,123,900) | |
|
29,166,781 | |||||||||||
|
CORPORATE BONDS & NOTES–6.3% |
|
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|
Airlines–2.5% |
|
|||||||||||||
| 2,500 | |
American Airlines, Inc., pass thru certificates, 6.817%, 5/23/11, Ser. 01-1 | |
Ba1/BB+ | |
2,389,662 | |||||||||
| 1,606 | |
Continental Airlines, Inc., 8.048%, 5/1/22, Ser. 00-1 | |
Baa3/BBB+ | |
1,642,315 | |||||||||
| 2,500 | |
Northwest Airlines, Inc., 6.841%, 10/1/12, Ser. 1A-2 (f) | |
Ba3/BB | |
2,423,706 | |||||||||
|
|
|
6,455,683 | ||||||||||||
|
Financing–0.6% |
|
|||||||||||||
| 2,000 | |
Ford Motor Credit Co., 5.70%, 1/15/10 | |
Baa3/BB+ | |
1,701,590 | |||||||||
|
Multi-Media–0.2% |
|
|||||||||||||
| 500 | |
Emmis Communications Corp., 10.366%, 6/15/12, FRN | |
B3/B− | |
504,375 | |||||||||
|
Oil & Gas–3.0% |
|
|||||||||||||
| 4,000 | |
Gazprom, 9.625%, 3/1/13 | |
NR/BB | |
4,838,400 | |||||||||
| 3,000 | |
Williams Cos., Inc., 6.375%, 10/1/10 (d) | |
B1/B+ | |
3,011,250 | |||||||||
|
|
|
7,849,650 | ||||||||||||
|
Total Corporate Bonds & Notes (cost–$16,593,776) | |
|
16,511,298 | |||||||||||
|
SOVEREIGN DEBT OBLIGATIONS–4.1% |
|
||||||||||||||
|
Brazil–2.5% |
|
|||||||||||||
| 5,000 | |
Federal Republic of Brazil, 11.00%, 8/17/40 | |
Ba3/BB− | |
6,451,250 | |||||||||
|
Ukraine–1.6% |
|
|||||||||||||
|
Republic of Ukraine, | |
|
||||||||||||
| 2,000 | |
6.875%, 3/4/11 | |
B1/BB− | |
2,077,000 | |||||||||
| 2,000 | |
7.65%, 6/11/13 | |
B1/BB− | |
2,163,200 | |||||||||
|
|
|
4,240,200 | ||||||||||||
|
Total Sovereign Debt Obligations (cost–$10,182,090) | |
|
10,691,450 | |||||||||||
|
SENIOR LOANS (a)(b)(c)–3.1% |
|
||||||||||||||
|
Automotive Products–0.4% |
|
|||||||||||||
| 482 | |
Delphi Corp., 12.50%, 6/14/11 | |
|
502,793 | ||||||||||
| 500 | |
Goodyear Tire & Rubber Co., 7.06%, 4/30/10, Term A | |
|
504,063 | ||||||||||
|
|
|
1,006,856 | ||||||||||||
|
Building/Construction–0.2% |
|
|||||||||||||
|
Masonite International Corp., | |
|
||||||||||||
| 244 | |
5.66%, 4/6/13, Term B | |
|
242,321 | ||||||||||
| 245 | |
6.206%, 4/6/13, Term B | |
|
242,733 | ||||||||||
| 8 | |
6.527%, 4/6/13, Term B | |
|
8,067 | ||||||||||
|
|
|
493,121 | ||||||||||||
|
|||||||||||||||
|
|||||||||||||||
4
PIMCO Global StocksPLUS & Income
Fund Schedule of Investments
December 31,
2005 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal Amount (000) |
|
|
Credit
Rating (Moody's/S&P) |
|
Value* | |||||||||
|
Chemicals–0.2% |
|
||||||||||||
|
KRATON Polymers Group LLC, | |
|
|||||||||||
| $ 53 | |
6.625%, 12/2/09 | |
|
$ 54,127 | |||||||||
| 10 | |
7.00%, 12/2/09 | |
|
9,745 | |||||||||
| 136 | |
7.063%, 12/2/09 | |
|
137,517 | |||||||||
| 307 | |
7.063%, 12/23/10 | |
|
311,829 | |||||||||
|
|
|
513,218 | |||||||||||
|
Computer Services–0.2% |
|
||||||||||||
|
SunGard Data Systems, Inc., | |
|
|||||||||||
| 1 | |
6.68%, 1/22/13, Term B | |
|
1,260 | |||||||||
| 498 | |
6.81%, 1/22/13 | |
|
501,360 | |||||||||
|
|
|
502,620 | |||||||||||
|
Consumer Services–0.4% |
|
||||||||||||
|
Hertz Corp., | |
|
|||||||||||
| 110 | |
5.00%, 12/21/12 | |
|
111,504 | |||||||||
| 760 | |
5.00%, 12/21/12, Term B | |
|
770,391 | |||||||||
| 130 | |
5.00%, 12/21/12, Term DD (e) | |
|
131,777 | |||||||||
|
|
|
1,013,672 | |||||||||||
|
Energy–0.4% |
|
||||||||||||
| 498 | |
Coleto, Inc., 6.527%, 7/1/11, Term B
Covanta Energy Corp., |
|
|
508,539 | |||||||||
| 276 | |
4.527%, 6/24/12 | |
|
280,915 | |||||||||
| 186 | |
7.521%, 6/30/12, Term B | |
|
189,462 | |||||||||
|
|
|
978,916 | |||||||||||
|
Entertainment–0.4% |
|
||||||||||||
| 500 | |
MGM Studios, 6.78%, 4/8/12, Term B
Warner Music Group, Inc., |
|
|
503,920 | |||||||||
| 103 | |
6.19%, 2/27/11, Term B | |
|
104,793 | |||||||||
| 22 | |
6.371%, 2/27/11, Term B | |
|
22,052 | |||||||||
| 105 | |
6.394%, 2/27/11, Term B | |
|
105,852 | |||||||||
| 105 | |
6.406%, 2/27/11, Term B | |
|
105,852 | |||||||||
| 139 | |
6.44%, 2/27/11, Term B | |
|
140,602 | |||||||||
| 22 | |
6.59%, 2/27/11, Term B | |
|
22,275 | |||||||||
| 1 | |
8.00%, 2/28/11, Term B | |
|
1,489 | |||||||||
|
|
|
1,006,835 | |||||||||||
|
Funeral Services–0.1% |
|
||||||||||||
|
Alderwoods Group, Inc., | |
|
|||||||||||
| 39 | |
5.84%, 9/17/08, Term B | |
|
39,001 | |||||||||
| 92 | |
6.058%, 9/17/08, Term B | |
|
92,599 | |||||||||
| 145 | |
6.37%, 9/17/08, Term B | |
|
146,210 | |||||||||
| 119 | |
6.37%, 9/17/09, Term B | |
|
120,691 | |||||||||
|
|
|
398,501 | |||||||||||
|
||||||||||||||
5
PIMCO Global StocksPLUS & Income
Fund Schedule of Investments
December 31,
2005 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal Amount (000) |
|
|
Credit
Rating (Moody's/S&P) |
|
Value* | ||||||||||
|
Healthcare & Hospitals–0.2% |
|
|||||||||||||
|
Davita, Inc., | |
|
||||||||||||
| $ 41 | |
6.35%, 5/16/12 | |
|
$ 41,414 | ||||||||||
| 28 | |
6.40%, 5/16/12 | |
|
27,955 | ||||||||||
| 41 | |
6.54%, 5/16/12 | |
|
41,414 | ||||||||||
| 50 | |
6.54%, 5/16/12, Term B | |
|
50,733 | ||||||||||
| 24 | |
6.62%, 5/16/12 | |
|
24,849 | ||||||||||
| 15 | |
6.64%, 5/16/12, Term B | |
|
15,530 | ||||||||||
| 184 | |
6.78%, 5/16/12 | |
|
186,365 | ||||||||||
| 71 | |
6.78%, 5/16/12, Term B | |
|
72,475 | ||||||||||
| 46 | |
6.94%, 5/16/12 | |
|
46,591 | ||||||||||
|
|
|
507,326 | ||||||||||||
|
Manufacturing–0.2% |
|
|||||||||||||
|
Berry Plastics Corp., | |
|||||||||||||
| 1 | |
6.32%, 7/22/10 | |
|
1,266 | ||||||||||
| 498 | |
6.447%, 6/30/10 | |
|
503,978 | ||||||||||
|
|
|
505,244 | ||||||||||||
|
Utilities–0.2% |
|
|||||||||||||
| 458 | |
Reliant Energy, Inc., 6.089%, 4/30/10 | |
|
457,328 | ||||||||||
| 1 | |
Reliant Resources, Inc., 6.775%, 4/30/10 | |
|
1,252 | ||||||||||
|
|
|
458,580 | ||||||||||||
|
Waste Disposal–0.2% |
|
|||||||||||||
|
Allied Waste North America, Inc., | |
|
||||||||||||
| 137 | |
4.87%, 1/15/12 | |
|
137,635 | ||||||||||
| 180 | |
6.09%, 1/15/12 | |
|
180,745 | ||||||||||
| 69 | |
6.20%, 1/15/12 | |
|
69,517 | ||||||||||
| 55 | |
6.21%, 1/15/12 | |
|
55,614 | ||||||||||
| 58 | |
6.39%, 1/15/12 | |
|
58,386 | ||||||||||
|
|
|
501,897 | ||||||||||||
|
Total Senior Loans (cost–$7,804,407) | |
|
7,886,786 | |||||||||||
|
MUNICIPAL BONDS–0.4% |
|
||||||||||||||
|
South Carolina–0.4% |
|
|||||||||||||
| 917 | |
Tobacco Settlement Rev. Management
Auth., 7.666%, 5/15/16 (cost–$940,681) |
|
Baa2/BBB | |
939,719 | |||||||||
|
SHORT-TERM INVESTMENTS–14.5% |
|
||||||||||||||
|
U.S. Treasury Bills(h)–9.6% |
|
|||||||||||||
| 25,210 | |
3.83%-3.92%, 3/2/06-3/16/06 (cost–$25,034,647) | |
|
25,004,799 | ||||||||||
|
Commercial Paper–2.4% |
|
|||||||||||||
|
Finance–0.3% |
|
|||||||||||||
| 800 | |
HBOS PLC, 4.385%, 3/14/06 | |
|
792,800 | ||||||||||
|
|||||||||||||||
6
PIMCO Global StocksPLUS & Income
Fund Schedule of Investments
December 31,
2005 (unaudited) (concluded)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal Amount (000) |
|
|
Credit
Rating (Moody's/S&P) |
|
Value* | ||||||||||
|
Financing–2.1% |
|
|||||||||||||
| $ 4,600 | |
Ixis Corp., 4.41%, 4/4/06 | |
|
$4,546,410 | ||||||||||
| 1,100 | |
UBS Finance, Inc., 4.19%, 1/3/06 | |
|
1,099,744 | ||||||||||
|
|
|
5,646,154 | ||||||||||||
|
Total Commercial Paper (cost–$6,440,323) | |
|
6,438,954 | |||||||||||
|
Repurchase Agreement–2.5% |
|
||||||||||||||
| 6,451 | |
State Street Bank & Trust Co., dated 12/30/05, 3.90%, due 1/3/06, proceeds $6,453,795; collateralized by Federal Home Loan Mortgage Corp., 2.55%, 10/12/06, valued at $6,582,487 including accrued interest (cost–$6,451,000) | |
|
6,451,000 | ||||||||||
|
Total Short-Term Investments (cost–$37,925,970) | |
|
37,894,753 | |||||||||||
|
OPTIONS PURCHASED(i)–0.1% |
|
||||||||||||||
| Contracts | |
|
|
||||||||||||
|
Call Options–0.0% |
|
|||||||||||||
|
Eurodollar Futures, Chicago Mercantile Exchange, | |
|
||||||||||||
| 800 | |
strike price $95.75, expires 3/13/06 | |
|
5,000 | ||||||||||
|
Put Options–0.1% |
|
|||||||||||||
|
S & P 500 Index Futures, Chicago Board of Trade, | |
|
||||||||||||
| 300 | |
strike price $1,215, expires 1/20/06 | |
|
165,000 | ||||||||||
|
Total Options Purchased (cost–$178,719) | |
|
170,000 | |||||||||||
|
Total Investments
before options written
(cost–$261,980,007)–100.1% |
|
|
260,614,229 | |||||||||||
|
OPTIONS WRITTEN(i)–(0.1)% |
|
||||||||||||||
|
Call Options–(0.1)% |
|
|||||||||||||
|
S & P 500 Index Futures, Chicago Board of Trade, | |
|
||||||||||||
| 325 | |
strike price $1,280, expires 1/20/06 (premiums received– $1,217,538) | |
|
(243,750) | ||||||||||
|
Total Investments net
of options written (cost–$260,762,468)–100.0% |
|
|
$260,370,479 | |||||||||||
|
|||||||||||||||
7
Notes to Schedule of Investments:
|
|
| * | Portfolio securities and other financial instruments for which market quotations are readily available are stated at market value. Portfolio securities and other financial instruments for which market quotations are not stated readily available or if a development/event occurs that may significantly impact the value of a security, may be fair-valued, in good faith, pursuant to guidelines established by the Board of Trustees, including certain fixed income securities which may be valued with reference to securities whose prices are more readily available. The Fund’s investments are valued daily by an independent pricing service, dealer quotations, or are valued at the last sale price on the exchange that is the primary market for such securities, or the last quoted bid price for those securities for which the over-the-counter market is the primary market or for listed securities in which there were no sales. Prices obtained from an independent pricing service use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Senior Loans, for which a secondary market does not exist are valued at fair-value by Pacific Investment Management Company LLC (the "Sub-Adviser’’). Such procedures by the Sub-Adviser include consideration evaluation of: (1) the creditworthiness of the borrower and any intermediate participants; (2) the term of the Senior Loan; (3) recent prices in the market for similar loans, if any, (4) recent prices in the market for loans of similar quality, coupon rate, and period until next interest rate reset and maturity; and (5) general economic and market conditions affecting the fair value of the Senior Loan. Exchange traded options, futures and options on futures are valued at the settlement price determined by the relevant exchange. Securities purchased on a when-issued or delayed delivery basis are marked to market daily until settlement at the forward settlement value. Short-term investments maturing in 60 days or less are valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days. The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold. The Fund’s net asset value is determined daily at the close of regular trading (normally, 4:00 p.m. Eastern time) on the New York Stock Exchange. |
Footnotes:
|
|
| (a) | Private Placement. Restricted as to resale and may not have a readily available market. |
|
|
| (b) | Illiquid security. |
|
|
| (c) | These securities generally pay interest at rates which are periodically pre-determined by reference to a base lending rate plus a premium. These base lending rates are generally either the lending rate offered by one or more major European banks, such as the "LIBOR" or the prime rate offered by one or more major United States banks, or the certificate of deposit rate. These securities are generally considered to be restricted as the Fund is ordinarilly contractually obligated to receive approval from the Agent bank and/or borrower prior to disposition. Remaining maturities of senior loans may be less than the stated maturities shown as a result of contractual or optional payments by the borrower. Such prepayments cannot be predicted with certainty. |
|
|
| (d) | 144A Security – Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid. |
|
|
| (e) | When issued or delayed-delivery security. To be settled/delivered after December 31, 2005. |
|
|
| (f) | Security in default. |
|
|
| (g) | Fair-valued security. |
|
|
| (h) | All or partial amount segregated as collateral for futures contracts, reverse repurchase agreement, when-issued or delayed-delivery securities. |
|
|
| (i) | Non-income producing. |
Glossary:
ABS – Asset-Backed Securities
CMO – Collateralized Mortage Obligation
|
|
| FRN – | Floating Rate Note. The interest rate disclosed reflects the rate in effect on December 31, 2005. |
LIBOR – London Inter-Bank Offered Rate
MBS – Mortage-Backed Securities
NR – Not Rated
|
|
| VRN – | Variable Rate Note. Instruments whose interest rates change on specified date (such as a coupon date or interest payment date) and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). The interest rate disclosed reflects the rate in effect on December 31, 2005. |
Other Investments:
|
|
| (1) | Futures contracts outstanding at December 31, 2005: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Type | |
Notional
Amount (000) |
|
Expiration Date |
|
Unrealized Depreciation |
||||||||||||
| Long: | |
S&P 500 Index Futures | |
$79 | |
3/16/06 | |
$(1,590,188) | ||||||||||
|
S&P Mini 500 Index Futures | |
3 | |
3/17/06 | |
(57,722) | |||||||||||
|
|
|
|
$(1,647,910) | ||||||||||||||
|
||||||||||||||||||
|
|
| (2) | Options written for the period May 31, 2005 (commencement of operations) through December 31, 2005: |
|
|
|
|
|
|
|
|
|
|
|
|
Contracts | |
Premiums | |||||||
| Options outstanding, May 31, 2005 | |
— | |
$ — | ||||||
| Options written | |
3,220 | |
9,941,003 | ||||||
| Options terminated in closing transactions | |
(2,551 | ) | |
(7,581,098 | ) | ||||
| Options excercised | |
(344 | ) | |
(1,142,367 | ) | ||||
| Options outstanding, December 31, 2005 | |
325 | |
$1,217,538 | ||||||
|
||||||||||
(3) Interest rate swap contracts outstanding at December 31, 2005:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Swap Counterparty |
|
Notional
Amount (000) |
|
Termination Date |
|
Rate Type | |
Unrealized Appreciation (Depreciation) |
||||||||||||||
| Payments
made by Fund |
|
Payments received by Fund |
||||||||||||||||||||
| Barclays Bank | |
$ | 500,000 | |
6/13/07 | |
3.98% | |
4.48% | |
$ | 6,226,247 | ||||||||||
| Barclays Bank | |
45,000 | |
6/2/25 | |
4.715% | |
3 Month LIBOR | |
(147,851 | ) | |||||||||||
| Citibank NA | |
432,000 | |
9/28/25 | |
4.983% | |
3 Month LIBOR | |
(4,038,737 | ) | |||||||||||
| Lehman Brothers | |
337,000 | |
9/29/25 | |
4.98% | |
3 Month LIBOR | |
(3,156,908 | ) | |||||||||||
| Morgan Stanley | |
20,000 | |
9/29/25 | |
4.98% | |
3 Month LIBOR | |
(137,205 | ) | |||||||||||
|
|
|
|
|
||||||||||||||||||
| UBS Securities | |
1,322,000 | |
6/21/25 | |
3 Month LIBOR | |
5.24% | |
(16,059,953 | ) | |||||||||||
| UBS Securities | |
490,000 | |
9/28/25 | |
4.955% | |
3 Month LIBOR | |
(4,829,143 | ) | |||||||||||
|
|
|
|
|
$ | (22,143,550 | ) | |||||||||||||||
|
||||||||||||||||||||||
(4) Credit default swap contracts outstanding at December 31, 2005:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Swap
Counterparty/ Referenced Debt Issuer |
|
Notional
Amount Payable on Default (000) |
|
Termination Date |
|
Payments Received (Paid) by Fund |
|
Unrealized Appreciation (Depreciation) |
||||||||||
| Bear Stearns | |
|
|
|
||||||||||||||
| Dow Jones CDX | |
$ | 5,000 | |
6/20/08 | |
(0.12)% | |
$ | (200) | ||||||||
| Inhel | |
4,250 | |
6/25/30 | |
(0.45)% | |
(4,051 | ) | |||||||||
| Credit Suisse First Boston | |
|
|
|
||||||||||||||
| Dow Jones CDX | |
2,000 | |
12/20/10 | |
3.40% | |
42,682 | ||||||||||
| Samis | |
3,040 | |
3/20/09 | |
2.30% | |
84,095 | ||||||||||
| JP Morgan | |
|
|
|
||||||||||||||
| Quest Capital Funding | |
1,000 | |
9/20/10 | |
4.20% | |
62,066 | ||||||||||
| Lehman Brothers | |
|
|
|
||||||||||||||
| Dow Jones CDX | |
10,000 | |
6/20/10 | |
0.90% | |
55,755 | ||||||||||
| Dow Jones CDX | |
50 | |
6/20/10 | |
3.60% | |
81,434 | ||||||||||
| Dow Jones CDX | |
5,000 | |
6/20/10 | |
(1.42)% | |
(65,392 | ) | |||||||||
| Dow Jones CDX | |
4,950 | |
12/20/10 | |
3.95% | |
124,784 | ||||||||||
| Morgan Stanley | |
|
|
|
||||||||||||||
| AABST | |
2,500 | |
6/25/30 | |
(1.50)% | |
(319 | ) | |||||||||
| Albertsons | |
2,800 | |
12/20/12 | |
(3.15)% | |
(143,296 | ) | |||||||||
| Republic of Brazil | |
2,000 | |
6/20/15 | |
4.23% | |
183,496 | ||||||||||
| Inhel | |
4,250 | |
6/25/30 | |
1.50% | |
13,990 | ||||||||||
| Government of Mexico | |
5,000 | |
6/20/15 | |
1.40% | |
175,386 | ||||||||||
| Republic of Panama | |
5,000 | |
6/20/15 | |
2.75% | |
255,189 | ||||||||||
| Republic of Peru | |
5,000 | |
6/20/15 | |
2.90% | |
54,463 | ||||||||||
| Federation of Russia | |
5,000 | |
6/20/15 | |
1.52% | |
243,621 | ||||||||||
| UBS | |
|
|
|
||||||||||||||
| AABST | |
2,500 | |
6/25/34 | |
1.50% | |
6,526 | ||||||||||
| Albertsons | |
2,200 | |
12/20/08 | |
(1.65)% | |
(43,518 | ) | |||||||||
| Albertsons | |
5,000 | |
12/20/10 | |
2.85% | |
213,219 | ||||||||||
|
|
|
|
$ | 1,339,930 | |||||||||||||
|
||||||||||||||||||
(5) Total Return swap contracts outstanding at December 31, 2005:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Swap Counterparty |
|
Fund Receives |
|
Fund Pays |
|
Termination Date |
|
Notional Amount (000) |
|
Unrealized Appreciation |
||||||||||||
| Credit Suisse First Boston | |
MSCI Daily Total Return EAFE | |
3 Month LIBOR plus 0.23% | |
8/31/06 | |
$ | 116,960 | |
$ | 16,433,004 | ||||||||||
|
||||||||||||||||||||||
|
|
|
|
|
EAFE – Europe and Australasia, Far East Equity Index
LIBOR
– London Interbank offered Rate
MSCI – Morgan Stanley Capital
International
Item 2. Controls and Procedures
(a) The registrant's President and Chief Executive Officer and Principal Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of 1940, as amended are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.
(b) There were no significant changes in the registrant's internal controls or in factors that could affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 3. Exhibits
|
|
| (a) | Exhibit 99.302 Cert. – Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
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: PIMCO Global StocksPLUS &
Income Fund
By /s/ Brian S. Shlissel
President & Chief
Executive Officer
Date: February 23, 2006
By /s/ Lawrence G. Altadonna
Treasurer, Principal
Financial & Accounting Officer
Date: February 23, 2006
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 dated indicated.
By /s/ Brian S. Shlissel
President &
Chief Executive Officer
Date: February 23, 2006
By /s/ Lawrence G. Altadonna
Treasurer, Principal
Financial & Accounting Officer
Date: February 23, 2006