UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number |
811-21311 | |||||||
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PIMCO High Income Fund | ||||||||
(Exact name of registrant as specified in charter) | ||||||||
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1633 Broadway, New York, NY |
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10019 | ||||||
(Address of principal executive offices) |
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(Zip code) | ||||||
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Lawrence G. Altadonna 1633 Broadway, New York, NY 10019 | ||||||||
(Name and address of agent for service) | ||||||||
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Registrants telephone number, including area code: |
212-739-3371 |
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Date of fiscal year end: |
March 31, 2013 |
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Date of reporting period: |
September 30, 2012 |
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ITEM 1: REPORT TO SHAREHOLDERS
September 30, 2012
PIMCO Dynamic Income Fund
PIMCO Global StocksPLUS® & Income Fund
PIMCO High Income Fund
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Contents |
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Letter to Shareholders |
23 |
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Fund Insights |
48 |
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Performance & Statistics |
911 |
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Schedules of Investments |
1238 |
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Statements of Assets and Liabilities |
3940 |
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Statements of Operations |
41 |
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Statements of Changes in Net Assets |
4244 |
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Statements of Cash Flows |
45 |
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Notes to Financial Statements |
4679 |
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Financial Highlights |
8082 |
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Annual Shareholder Meetings Results/Proxy Voting Policies & Procedures |
83 |
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Matters Relating to the Trustees Consideration of the Investment Management & Portfolio Management Agreements |
8490 |
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PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
Dear Shareholder:
Stock markets in the United States reached their highest levels in four years during the six month fiscal reporting period ended September 30, 2012. These gains occurred despite economic slowdowns in the U.S., the European Union (E.U.) and China, and the growing uncertainty over future levels of U.S. taxes and spending. U.S. Treasury Bond interest rates reached all-time lows during the reporting period.
For the reporting period ended September 30, 2012 · PIMCO Dynamic Income Fund returned 19.91% on net asset value (NAV) and 15.18% on market price since its inception on May 30, 2012.
· PIMCO Global StocksPLUS® & Income Fund returned 13.87% on NAV and 16.05% on market price.
· PIMCO High Income Fund returned 15.84% on NAV and 15.35% on market price.
The Standard & Poors 500 Index, a proxy for the U.S. stock market, advanced 3.43%, the MSCI Europe, Australasia and Far East Index (EAFE) declined 0.70% in U.S. dollar terms, and the BofA Merrill Lynch High Yield Master II Index advanced 6.53% for the six months ended September 30, 2012. The broad bond market, as measured by the Barclays U.S. Aggregate Index, rose 3.68%, while the Barclays U.S. Treasury Bond Index rose 0.07% during the six months ended September 30, 2012. |
Hans W. Kertess Chairman |
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Brian S. Shlissel President & CEO |
The sovereign debt crisis in the E.U. appeared to deepen during the six month period. Growth in the 17 member euro zone declined to a 0.2% annual pace during the second quarter of 2012, and the unemployment rate in the E.U. reached 11.4%. According to the World Bank, growth in Asia dropped to an eleven-year low due to the slowing Chinese economy.
In the United States, the slowing economy was reflected in gross domestic product (GDP), the value of goods and services produced in the country, the broadest measure of economic activity and the principal indicator of economic performance, during the fiscal reporting period. As the period opened, GDP was growing at 2.0% annually. During the second quarter of 2012, GDP slowed to an annual pace of 1.3%, and economic data indicated that growth in the July to September 2012 period would be similarly anemic. In contrast, the housing market showed signs of recovery, consumer confidence grew, and the unemployment rate fell to 7.8% in September 2012, the lowest level since January 2009.
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PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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2 |
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
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The Federal Reserve (the Fed) announced that it would launch a third round of quantitative easing. The Fed agreed to purchase $40 billion of mortgage securities each month for the foreseeable future. The objective is to continue to lower already record low mortgage rates in an effort to boost the housing market. The Fed also indicated that it would continue Operation Twist, which involves selling debt obligations with short-term maturities and purchasing debt obligations with longer-term maturities. The Fed also announced that the Fed Funds interest rate is expected to be held in the 0.0% to 0.25% range through 2015, longer than previously stated. Fed Chairman Ben Bernanke indicated that the goal of these policies is to quicken the recovery and to help the economy begin to grow quickly enough to generate new jobs.
The Road Ahead Problems in the U.S., China and the E.U have fed on one another due to the intertwined nature of their respective economies. Exports have slowed, manufacturing has eased, and each country has been forced to unveil new stimulus measures to boost their economies. |
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There are also concerns regarding the future levels of federal spending and taxes in the U.S. The actions of the President in the upcoming months will likely have an impact on interest rates and the financial markets.
For specific information on the Funds and their performance, please review the following pages. If you have any questions regarding the information provided, we encourage you to contact your financial advisor or call the Funds shareholder servicing agent at (800) 254-5197. In addition, a wide range of information and resources is available on our website, www.allianzinvestors.com/closedendfunds.
Together with Allianz Global Investors Fund Management LLC, the Funds investment manager, and Pacific Investment Management Company LLC (PIMCO), the Funds sub-adviser, we thank you for investing with us.
We remain dedicated to serving your investment needs.
Sincerely,
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Hans W. Kertess |
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Brian S. Shlissel |
Chairman |
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President & Chief Executive Officer |
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PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO Dynamic Income Fund Fund Insights
September 30, 2012 (unaudited)
For the period from its inception on May 30, 2012 through September 30, 2012 (the reporting period), PIMCO Dynamic Income Fund (the Fund) returned 19.91% on net asset value (NAV) and 15.18% on market price.
A host of macro issues caused the financial markets to experience periods of volatility during the reporting period. These included the ongoing European sovereign debt crisis, moderating global economic growth and aggressive central bank intervention. Against this backdrop, investor sentiment fluctuated between heightened risk aversion and robust risk appetite. The overall U.S. fixed income market, as measured by the Barclays U.S. Aggregate Bond Index, returned 1.62% since the Funds inception. The yield curve steepened over the reporting period, as short-term yields declined more than their longer-term counterparts.
Spread sectors (non-Treasuries) generally outperformed equal-duration Treasuries during the reporting period as investors looked for yield in the low interest rate environment. For instance, emerging market debt advanced 10.42% since the Funds inception, as measured by the JPMorgan EMBI Global Index. The global high yield corporate bond market, as measured by the Barclays Global High Yield Index, returned 8.98%, compared to the global credit market advance of 6.21%, as measured by the Barclays Global Credit Index.
Sector positioning produces mixed results
The Fund posted strong absolute and relative returns during the reporting period. The Funds allocation to non-agency mortgage-backed securities was rewarded as these securities outperformed like-duration Treasuries given generally strong demand for high quality income. An allocation to high yield corporate bonds contributed positively to returns due to narrowing credit spreads during the reporting period. An emphasis on banking issues enhanced performance, as these bonds outperformed the broader market. An overweighting to the Insurance sector aided results, as this sector outperformed the broader market. The Funds underweighting to the long end of the yield curve added to performance as the curve steepened during the reporting period.
The Funds underweight position in the Energy and Communication sectors detracted from results, as both sectors outperformed the broader market during the reporting period.
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PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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4 |
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
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PIMCO Global StocksPLUS® & Income Fund Fund Insights
September 30, 2012 (unaudited)
For the six month fiscal period ended September 30, 2012, PIMCO Global StocksPLUS® & Income Fund (the Fund) returned 13.87% on net asset value (NAV) and 16.05% on market price.
A host of macro issues caused the global financial markets to experience periods of volatility during the reporting period. These included the ongoing European sovereign debt crisis, moderating global economic growth and aggressive central bank intervention. Against this backdrop, investor sentiment fluctuated between heightened risk aversion and robust risk appetite.
Despite strong performance as the reporting period progressed, the global equity markets produced mixed results during the six months ended September 30, 2012. Over this period, the U.S. stock market advanced 3.43%, as measured by the S&P 500 Index (the S&P). The S&P fell sharply during the first two months of the period, as investor risk aversion spiked due to fears of contagion from European sovereign debt crisis and weaker-than-expected economic data in the U.S. The S&P then rallied over the last four months of the period, given some signs of progress in Europe, coupled with additional quantitative easing by the Federal Reserve and the European Central Bank. While international developed equities, as measured by the MSCI EAFE Index, moved higher during three of the last four months of the period, it was not enough to offset earlier weakness. All told, international developed equities returned 0.70% for the six months ended September 30, 2012.
After initially rising in early April 2012, U.S. Treasury yields moved lower during much of the remainder of the reporting period. In late July, the yield on the 10-year Treasury reached an all-time low. The yield curve flattened during the six months ended September 30, 2012, as longer-term yields fell more than their short-term counterparts. The spread sectors (non-Treasuries) generally outperformed equal-duration Treasuries during the period as investors looked for yield in the low interest rate environment.
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PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO Global StocksPLUS® & Income Fund Fund Insights
September 30, 2012 (unaudited) (continued)
Equity exposure produces mixed results
Performance benefited on average by a 52% exposure to U.S. equities during the reporting period, as the Fund utilized S&P 500 futures contracts, along with a defensive option strategy that sought to generate income and limit losses. Detracting from results was the decline in foreign equity positions during the period. The Fund utilized total return swaps to gain access to the MSCI EAFE Index. The Funds average exposure to foreign stocks was 48% during the reporting period. A defensive option strategy was utilized which generated income from the premiums of written at-the-money or slightly out-of-the-money call options to generate income and purchased out-of-the-money put options to limit losses. The U.S. equity market rally had an adverse impact on the option strategy due to its defensive nature.
Allocations to spread sectors produced positive results
A minor portion of the Funds assets are invested in futures contracts and total return swaps. These instruments permit participation in the returns of the S&P 500 and MSCI EAFE indexes without having to hold the individual stocks which comprise these indexes. The majority of the Funds assets are actively managed in a portfolio of fixed income securities to add incremental return.
The Funds fixed income securities contributed to performance during the reporting period. Allocations to high yield and investment grade corporate bonds, with an emphasis on the Financial and Industrials sectors, had a positive impact on returns due to narrowing credit spreads during the six-month period. Allocations to non-agency mortgage-backed securities including commercial mortgage-backed securities, were rewarded as that asset class outperformed like-duration Treasuries given generally strong demand for high quality income. An allocation to the U.S. dollar-denominated debt of select corporate and quasi-sovereign entities in Mexico and Brazil enhanced performance as spreads tightened.
The Funds U.S. interest rate strategy, which called for an overweighting to the intermediate portion of the U.S. yield curve, enhanced performance as interest rates in the U.S. declined during the six month reporting period.
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PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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6 |
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
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PIMCO High Income Fund Fund Insights
September 30, 2012 (unaudited)
For the fiscal six month period ended September 30, 2012, PIMCO High Income Fund (the Fund), returned 15.84% on net asset value (NAV) and 15.35% on market price.
A host of macro issues caused the financial markets to experience periods of volatility during the reporting period. These included the ongoing European sovereign debt crisis, moderating global economic growth and aggressive central bank intervention. Against this backdrop, investor sentiment fluctuated between heightened risk aversion and robust risk appetite. The overall U.S. fixed income market, as measured by the Barclays U.S. Aggregate Index, returned 3.68% during the six months ended September 30, 2012. After initially rising in early April 2012, U.S. Treasury yields moved lower during much of the remainder of the reporting period. In late July, the yield on the 10-year Treasury reached an all-time low. The yield curve flattened during the six months ended September 30, 2012, as longer-term yields declined more than their short-term counterparts. The spread sectors (non-Treasuries) generally outperformed equal-duration Treasuries during the period as investors looked for yield in the low interest rate environment.
The U.S. high yield market advanced 6.53% during the six months ended September 30, 2012, as measured by the BofA Merrill Lynch High Yield Master II Index (the Index). After a strong start in April 2012, the Index declined in May, due to fears of contagion from European sovereign debt crisis and weaker then expected economic data in the U.S. The Index then rallied over the last four months of the period, due to strong investor demand and some signs of progress in Europe. In addition, investor sentiment was buoyed by additional quantitative easing by the Federal Reserve Board and the European Central Bank. In aggregate, during the six month period, lower quality securities generally underperformed their higher quality counterparts, with CCC and lower-rated bonds returning 6.39% and BB/B-rated securities in the Index returning 6.55%.
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PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO High Income Fund Fund Insights
September 30, 2012 (unaudited) (continued)
Sector positioning produces mixed results
The Fund posted strong absolute and relative returns during the reporting period. The Funds allocation to non-agency mortgage-backed securities was rewarded as these securities outperformed like-duration Treasuries given generally strong demand for high quality income. An emphasis on select high quality banking issues enhanced performance, as these bonds outperformed the broader market. Both an overweighting to the Insurance sector, as this sector outperformed the broader market, as well as security selection within the Insurance sector, contributed positively to results. The Funds long duration added to performance as interest rates in the U.S. declined during the six month period.
Detracting from these positive results was the Funds underweight positions in the Energy and Communication sectors, as both sectors outperformed the broader market.
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PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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8 |
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
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|
PIMCO Dynamic Income Fund
Performance & Statistics
September 30, 2012 (unaudited)
Total Return(1): |
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Market Price |
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NAV |
Commencement of Operations (5/30/12) to 9/30/12 |
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15.18% |
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19.91% |
Market Price/NAV Performance: |
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Market Price/NAV: |
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Commencement of Operations (5/30/12) to 9/30/12 |
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Market Price |
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$28.23 |
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NAV |
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$28.02 |
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Premium to NAV |
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0.75% | |
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Market Price Yield(2) |
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7.52% | |
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Leverage Ratio(3) |
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48.01% | |
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(1) Past performance is no guarantee of future results. Total return is calculated by determining the percentage change in NAV or market price (as applicable) in the specified period. The calculation assumes that all income dividends have been reinvested. Total return does not reflect broker commissions or sales charges in connection with the purchase or sale of Fund shares. Total return for a period of less than one year is not annualized.
Performance at market price will differ from results at NAV. Although market price returns typically reflect investment results over time, during shorter periods returns at market price can also be influenced by factors such as changing views about the Fund, market conditions, supply and demand for the Fund s shares, or changes in the Funds dividends.
An investment in the Fund involves risk, including the loss of principal. Total return, market price, market price yield and NAV will fluctuate with changes in market conditions. This data is provided for information purposes only and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and, once issued, shares of closed-end funds are traded in the open market through a stock exchange. NAV is equal to total assets attributable to common shareholders less total liabilities divided by the number of common shares outstanding. Holdings are subject to change daily.
(2) Market Price Yield is determined by dividing the annualized current monthly dividend per share (comprised of net investment income and short-term capital gains, if any) by the market price per share at September 30, 2012.
(3) Represents Reverse Repurchase Agreements (Leverage) outstanding, as a percentage of total Managed assets. Total Managed assets refer to total assets (including assets attributable to Leverage) minus accrued liabilities (other than liabilities representing Leverage).
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PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO Global StocksPLUS® & Income Fund
Performance & Statistics
September 30, 2012 (unaudited)
Total Return(1): |
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Market Price |
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NAV |
Six Month |
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16.05% |
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13.87% |
1 Year |
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39.02% |
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43.37% |
5 Year |
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19.92% |
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8.93% |
Commencement of Operations (5/31/05) to 9/30/12 |
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16.37% |
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11.28% |
Market Price/NAV Performance: |
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Market Price/NAV: |
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Commencement of Operations (5/31/05) to 9/30/12 |
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Market Price |
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$22.18 |
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NAV |
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$13.06 |
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Premium to NAV |
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69.83% | |
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Market Price Yield(2) |
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9.92% | |
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Leverage Ratio(3) |
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44.65% | |
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(1) Past performance is no guarantee of future results. Total return is calculated by determining the percentage change in NAV or market price (as applicable) in the specified period. The calculation assumes that all income dividends, capital gain and return of capital distributions, if any, have been reinvested. Total return does not reflect broker commissions or sales charges in connection with the purchase or sale of Fund shares. Total return for a period of less than one year is not annualized. Total return for a period of more than one year represents the average annual total return.
Performance at market price will differ from results at NAV. Although market price returns typically reflect investment results over time, during shorter periods returns at market price can also be influenced by factors such as changing views about the Fund, market conditions, supply and demand for the Funds shares, or changes in the Funds dividends.
An investment in the Fund involves risk, including the loss of principal. Total return, market price, market price yield and NAV will fluctuate with changes in market conditions. This data is provided for information purposes only and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and, once issued, shares of closed-end funds are traded in the open market through a stock exchange. NAV is equal to total assets attributable to common shareholders less total liabilities divided by the number of common shares outstanding. Holdings are subject to change daily.
(2) Market Price Yield is determined by dividing the annualized current monthly dividend per share (comprised of net investment income) by the market price per share at September 30, 2012.
(3) Represents Reverse Repurchase Agreements (Leverage) outstanding, as a percentage of total Managed assets. Total Managed assets refer to total assets (including assets attributable to Leverage) minus accrued liabilities (other than liabilities representing Leverage).
|
PIMCO Dynamic Income Fund |
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PIMCO Global StocksPLUS® & Income Fund |
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|
10 |
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
|
|
PIMCO High Income Fund
Performance & Statistics
September 30, 2012 (unaudited)
Total Return(1): |
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Market Price |
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NAV |
Six Month |
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15.35% |
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15.84% |
1 Year |
|
38.23% |
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34.55% |
5 Year |
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16.20% |
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10.01% |
Commencement of Operations (4/30/03) to 9/30/12 |
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13.66% |
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11.07% |
Market Price/NAV Performance: |
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Market Price/NAV: |
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|
Commencement of Operations (4/30/03) to 9/30/12 |
|
Market Price |
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$14.00 |
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NAV |
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$8.31 |
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Premium to NAV |
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68.47% | |
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Market Price Yield(2) |
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9.12% | |
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Leverage Ratio(3) |
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22.29% | |
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(1) Past performance is no guarantee of future results. Total return is calculated by determining the percentage change in NAV or market price (as applicable) in the specified period. The calculation assumes that all income dividends, capital gain and return of capital distributions, if any, have been reinvested. Total return does not reflect broker commissions or sales charges in connection with the purchase or sale of Fund shares. Total return for a period of less than one year is not annualized. Total return for a period of more than one year represents the average annual total return.
Performance at market price will differ from results at NAV. Although market price returns typically reflect investment results over time, during shorter periods returns at market price can also be influenced by factors such as changing views about the Fund, market conditions, supply and demand for the Fund s shares, or changes in the Funds dividends.
An investment in the Fund involves risk, including the loss of principal. Total return, market price, market price yield and NAV will fluctuate with changes in market conditions. This data is provided for information purposes only and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and, once issued, shares of closed-end funds are traded in the open market through a stock exchange. NAV is equal to total assets attributable to common shareholders less total liabilities divided by the number of common shares outstanding. Holdings are subject to change daily.
(2) Market Price Yield is determined by dividing the annualized current monthly dividend per common share (comprised of net investment income) by the market price per common share at September 30, 2012.
(3) Represents Preferred Shares (Leverage) outstanding, as a percentage of total Managed assets. Total Managed assets refer to total assets (including assets attributable to Leverage) minus accrued liabilities (other than liabilities representing Leverage).
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PIMCO Dynamic Income Fund |
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|
PIMCO Global StocksPLUS® & Income Fund |
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9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO Dynamic Income Fund Schedule of Investments
September 30, 2012 (unaudited)
Principal |
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Value |
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MORTGAGE-BACKED SECURITIES 105.5% |
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£13,565 |
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Alba PLC, 0.913%, 12/15/38, CMO (i) |
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$13,049,074 |
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$13,627 |
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American Home Mortgage Assets LLC, 0.507%, 8/25/37, CMO (i) |
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2,828,029 |
| |
|
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American Home Mortgage Investment Trust, CMO (i), |
|
|
| |
10,879 |
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0.517%, 9/25/45 (l) |
|
7,760,251 |
| |
9,739 |
|
0.817%, 2/25/44 |
|
2,508,991 |
| |
|
|
Banc of America Alternative Loan Trust, CMO, |
|
|
| |
418 |
|
0.617%, 5/25/35 (i) |
|
299,853 |
| |
382 |
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6.00%, 6/25/46 |
|
296,441 |
| |
|
|
Banc of America Funding Corp., CMO (i), |
|
|
| |
15,300 |
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zero coupon, 7/26/36 (a) (d) |
|
8,393,739 |
| |
39,148 |
|
0.429%, 4/20/47 (l) |
|
28,124,409 |
| |
4,612 |
|
0.669%, 2/20/35 |
|
1,196,226 |
| |
636 |
|
2.817%, 1/20/47 |
|
467,262 |
| |
921 |
|
2.956%, 1/25/35 |
|
552,710 |
| |
5,608 |
|
3.04%, 3/20/36 |
|
4,531,241 |
| |
|
|
Banc of America Mortgage Trust, CMO (i), |
|
|
| |
701 |
|
2.66%, 10/20/46 |
|
376,644 |
| |
2,744 |
|
5.419%, 1/25/36 |
|
2,445,985 |
| |
|
|
Banc of America ReRemic Trust, CMO (a) (d), |
|
|
| |
13,000 |
|
5.383%, 12/15/16 (l) |
|
13,091,500 |
| |
38,264 |
|
Bank of America Large Loan, 5.665%, 2/17/51 (a) (d) (g) (i) |
|
39,338,632 |
| |
|
|
BCAP LLC Trust, CMO (a) (d), |
|
|
| |
14,380 |
|
3.05%, 5/26/36 (i) |
|
6,749,524 |
| |
8,051 |
|
5.017%, 3/26/35 (i) |
|
6,701,938 |
| |
27,771 |
|
5.085%, 4/26/37 (i) |
|
14,307,655 |
| |
6,052 |
|
5.168%, 10/26/35 (i) |
|
4,126,730 |
| |
13,221 |
|
5.50%, 12/26/35 |
|
8,012,520 |
| |
4,770 |
|
5.676%, 7/26/35 (i) |
|
3,126,076 |
| |
13,581 |
|
Bear Stearns ALT-A Trust, 0.417%, 2/25/34, CMO (i) (l) |
|
8,855,821 |
| |
25,552 |
|
Celtic Residential Irish Mortgage Securitisation, 0.36%, 11/13/47, CMO (i) |
|
24,626,595 |
| |
$6,475 |
|
Chase Mortgage Finance Corp., 5.356%, 3/25/37, CMO (i) (l) |
|
5,525,082 |
| |
|
|
Citigroup Mortgage Loan Trust, Inc., CMO (i), |
|
|
| |
2,064 |
|
2.53%, 3/25/36 |
|
1,872,136 |
| |
11,694 |
|
3.109%, 9/25/37 (l) |
|
8,809,886 |
| |
|
|
Countrywide Alternative Loan Trust, CMO, |
|
|
| |
72,592 |
|
0.762%-1.543%, 12/25/35, IO |
|
2,122,399 |
| |
31,429 |
|
0.407%, 9/25/46 (i) (l) |
|
20,001,786 |
| |
34,945 |
|
0.947%, 11/25/35 (i) (l) |
|
24,508,766 |
| |
18,229 |
|
0.998%, 11/25/46 (i) (l) |
|
9,725,255 |
| |
595 |
|
5.50%, 2/25/20 |
|
596,700 |
| |
5,998 |
|
5.50%, 7/25/35 (l) |
|
5,307,365 |
| |
21,851 |
|
5.50%, 12/25/35 (l) |
|
17,310,198 |
| |
421 |
|
5.50%, 1/25/36 |
|
350,248 |
| |
5,886 |
|
5.50%, 4/25/37 |
|
4,350,119 |
| |
598 |
|
5.75%, 1/25/36 |
|
460,766 |
| |
20,334 |
|
5.75%, 1/25/37 (l) |
|
15,153,773 |
| |
6,925 |
|
5.75%, 4/25/37 (l) |
|
5,535,031 |
| |
1,009 |
|
6.00%, 6/25/36 |
|
804,754 |
| |
402 |
|
6.00%, 12/25/36 |
|
282,911 |
| |
5,607 |
|
6.00%, 1/25/37 (l) |
|
4,392,216 |
| |
697 |
|
6.00%, 2/25/37 |
|
481,245 |
| |
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
|
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
|
|
PIMCO Dynamic Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
Principal |
|
|
|
|
Value |
|
|
|
|
|
|
| |
$14,153 |
|
6.00%, 4/25/37 (l) |
|
$10,242,089 |
| |
14,197 |
|
6.00%, 5/25/37 (l) |
|
10,691,779 |
| |
5,117 |
|
6.00%, 7/25/37 (l) |
|
4,268,964 |
| |
25,424 |
|
6.934%, 7/25/36, IO (i) |
|
6,462,556 |
| |
2,748 |
|
37.701%, 5/25/37 (b) (i) |
|
4,950,743 |
| |
|
|
Countrywide Home Loan Mortgage Pass Through Trust, CMO, |
|
|
| |
636 |
|
0.517%, 3/25/35 (i) |
|
462,670 |
| |
4,633 |
|
0.557%, 3/25/36 (i) |
|
1,985,188 |
| |
460 |
|
5.50%, 12/25/34 |
|
392,722 |
| |
251 |
|
5.50%, 11/25/35 |
|
248,155 |
| |
28,119 |
|
5.595%, 6/25/47 (i) (l) |
|
25,467,327 |
| |
914 |
|
6.00%, 7/25/37 |
|
773,545 |
| |
12,298 |
|
6.00%, 8/25/37 (l) |
|
11,037,429 |
| |
656 |
|
6.00%, 1/25/38 |
|
595,714 |
| |
|
|
Credit Suisse Mortgage Capital Certificates, CMO, |
|
|
| |
3,000 |
|
1.441%, 10/15/21 (a) (d) (i) |
|
2,627,430 |
| |
15,380 |
|
5.187%, 7/26/37 (a) (d) (i) (l) |
|
7,964,079 |
| |
96,182 |
|
5.188%, 2/27/47 (a) (d) (g) (i) (l) |
|
61,579,036 |
| |
12,950 |
|
5.588%, 2/15/39 (i) (l) |
|
13,384,673 |
| |
10,000 |
|
5.692%, 4/16/49 (a) (d) (i) (l) |
|
10,873,650 |
| |
14,123 |
|
5.896%, 4/25/36 (l) |
|
11,345,225 |
| |
11,208 |
|
6.058%, 7/26/49 (a) (d) (i) |
|
5,335,776 |
| |
8,425 |
|
6.50%, 10/25/21 (l) |
|
6,556,640 |
| |
21,326 |
|
6.50%, 7/26/36 (l) |
|
10,862,148 |
| |
25,665 |
|
7.00%, 8/26/36 (a) (d) |
|
10,285,003 |
| |
5,397 |
|
7.00%, 8/27/36 (a) (d) |
|
3,962,102 |
| |
3,163 |
|
Deutsche ALT-A Securities, Inc., 6.00%, 10/25/21, CMO |
|
2,534,116 |
| |
|
|
Diversity Funding Ltd., CMO (g) (i), |
|
|
| |
£10,860 |
|
2.001%, 2/10/46 |
|
15,187,276 |
| |
£1,310 |
|
2.373%, 2/10/46 |
|
1,160,168 |
| |
£1,193 |
|
2.842%, 2/10/46 |
|
749,213 |
| |
£1,170 |
|
3.336%, 2/10/46 |
|
263,675 |
| |
£702 |
|
4.623%, 2/10/46 |
|
73,452 |
| |
£247 |
|
4.979%, 2/10/46 (b) (f) |
|
3,980 |
| |
£234 |
|
5.071%, 2/10/46 (b) (f) |
|
3,767 |
| |
28,532 |
|
Emerald Mortgages PLC, 0.24%, 7/15/48, CMO (i) |
|
26,674,093 |
| |
23,357 |
|
Fastnet Securities PLC, 0.361%, 8/10/43, CMO (i) |
|
21,720,538 |
| |
$16,139 |
|
First Horizon Alternative Mortgage Securities, 2.608%, 8/25/35, CMO (i) |
|
3,743,285 |
| |
1,620 |
|
First Horizon Asset Securities, Inc., 5.50%, 8/25/37, CMO |
|
1,492,159 |
| |
7,958 |
|
GMAC Commercial Mortgage Securities, Inc., 4.915%, 12/10/41, CMO (l) |
|
7,936,338 |
| |
5,869 |
|
Greenpoint Mortgage Funding Trust, 0.417%, 12/25/46, CMO (i) |
|
1,931,262 |
| |
|
|
GSR Mortgage Loan Trust, CMO, |
|
|
| |
101 |
|
3.129%, 11/25/35 (i) |
|
86,331 |
| |
511 |
|
5.50%, 5/25/36 |
|
452,530 |
| |
2,227 |
|
6.50%, 8/25/36 (i) |
|
1,820,759 |
| |
|
|
Harborview Mortgage Loan Trust, CMO (i), |
|
|
| |
27,160 |
|
0.459%, 3/19/36 (l) |
|
16,806,004 |
| |
15,298 |
|
0.469%, 1/19/36 (l) |
|
9,901,910 |
| |
16,680 |
|
0.869%, 6/20/35 (l) |
|
8,106,277 |
| |
3,744 |
|
1.119%, 6/20/35 |
|
864,929 |
| |
599 |
|
Impac CMB Trust, 0.937%, 10/25/34, CMO (i) |
|
453,914 |
| |
9,567 |
|
IndyMac IMSC Mortgage Loan Trust, 3.069%, 6/25/37, CMO (i) (l) |
|
5,673,720 |
| |
184 |
|
Indymac INDA Mortgage Loan Trust, 5.356%, 3/25/37, CMO (i) |
|
151,457 |
| |
|
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO Dynamic Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
Principal |
|
|
|
|
Value |
|
|
|
|
|
|
| |
|
|
Indymac Index Mortgage Loan Trust, CMO (i), |
|
|
| |
$7,695 |
|
0.417%, 11/25/46 (l) |
|
$2,999,809 |
| |
4,700 |
|
0.467%, 2/25/37 |
|
1,515,259 |
| |
755 |
|
0.517%, 7/25/36 |
|
542,007 |
| |
371 |
|
2.71%, 2/25/35 |
|
319,478 |
| |
|
|
JPMorgan Alternative Loan Trust, CMO (l), |
|
|
| |
61,575 |
|
0.417%, 6/25/37 (i) |
|
29,863,258 |
| |
14,186 |
|
5.85%, 11/25/36 (i) |
|
12,896,922 |
| |
10,000 |
|
5.96%, 12/25/36 |
|
7,328,330 |
| |
5,000 |
|
6.31%, 8/25/36 |
|
3,553,865 |
| |
76,289 |
|
JPMorgan Chase Commercial Mortgage Securities Corp., 2.234%, 6/16/45, CMO, IO (i) (l) |
|
8,930,688 |
| |
|
|
JPMorgan Mortgage Trust, CMO (i), |
|
|
| |
14,083 |
|
2.997%, 6/25/37 (l) |
|
11,126,823 |
| |
10,512 |
|
5.571%, 4/25/37 (l) |
|
9,436,503 |
| |
2,996 |
|
5.831%, 10/25/36 |
|
2,797,209 |
| |
8,050 |
|
Lavendar Trust, 5.50%, 9/26/35, CMO (a) (d) (g) |
|
4,717,675 |
| |
10,912 |
|
LB Commercial Mortgage Trust, 6.086%, 7/15/44, CMO (i) (l) |
|
11,617,382 |
| |
|
|
LB-UBS Commercial Mortgage Trust, CMO (i), |
|
|
| |
301,571 |
|
0.186%, 2/15/40, IO (a) (d) |
|
4,283,517 |
| |
7,751 |
|
5.452%, 9/15/39 (l) |
|
8,016,243 |
| |
|
|
Lehman Mortgage Trust, CMO, |
|
|
| |
339 |
|
5.50%, 11/25/35 |
|
340,457 |
| |
2,823 |
|
6.00%, 8/25/36 |
|
2,206,353 |
| |
1,737 |
|
6.00%, 9/25/36 |
|
1,259,938 |
| |
13,475 |
|
6.50%, 9/25/37 (l) |
|
11,179,156 |
| |
51,053 |
|
7.25%, 9/25/37 (l) |
|
26,996,491 |
| |
6,016 |
|
Lehman XS Trust, 0.717%, 7/25/47, CMO (i) |
|
278,669 |
| |
|
|
MASTR Adjustable Rate Mortgages Trust, CMO (i), |
|
|
| |
34,383 |
|
0.417%, 5/25/47 (l) |
|
22,361,367 |
| |
6,708 |
|
0.557%, 5/25/47 |
|
976,538 |
| |
|
|
MASTR Alternative Loans Trust, CMO (i), |
|
|
| |
29,291 |
|
0.567%, 3/25/36 (l) |
|
4,795,473 |
| |
37,435 |
|
0.617%, 3/25/36 |
|
6,479,506 |
| |
729 |
|
MASTR Asset Securitization Trust, 5.26%, 11/25/33, CMO (a) (b) (d) (i) (m) |
|
171,971 |
| |
|
|
Morgan Stanley Reremic Trust, CMO (a) (d), |
|
|
| |
11,082 |
|
2.61%, 1/26/35 (i) |
|
7,824,859 |
| |
6,285 |
|
2.61%, 2/26/37 (i) |
|
4,433,487 |
| |
26,634 |
|
3.008%, 7/26/35 (i) (l) |
|
16,240,575 |
| |
4,998 |
|
5.32%, 9/26/35 (i) |
|
3,841,861 |
| |
7,969 |
|
6.00%, 4/26/36 |
|
4,742,610 |
| |
|
|
Newgate Fund PLC, CMO (i), |
|
|
| |
2,750 |
|
1.502%, 12/15/50 |
|
1,922,992 |
| |
5,250 |
|
1.752%, 12/15/50 |
|
3,175,882 |
| |
£4,150 |
|
1.903%, 12/15/50 |
|
3,635,519 |
| |
£2,200 |
|
Newgate Funding PLC, 0.853%, 12/15/50, CMO (i) |
|
1,887,297 |
| |
|
|
Nomura Asset Acceptance Corp., CMO, |
|
|
| |
$1,184 |
|
5.82%, 3/25/47 |
|
1,119,863 |
| |
19,333 |
|
6.138%, 3/25/47 (l) |
|
18,288,910 |
| |
36,863 |
|
6.347%, 3/25/47 (l) |
|
34,871,891 |
| |
|
|
Residential Accredit Loans Trust, CMO, |
|
|
| |
14,312 |
|
0.397%, 7/25/36 (i) (l) |
|
8,469,492 |
| |
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
|
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
|
|
PIMCO Dynamic Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
Principal |
|
|
|
|
Value |
|
|
|
|
|
|
| |
$35,590 |
|
0.407%, 5/25/37 (i) (l) |
|
$24,482,501 |
| |
12,922 |
|
1.148%, 1/25/46 (i) (l) |
|
8,182,029 |
| |
1,885 |
|
6.00%, 8/25/35 (l) |
|
1,700,686 |
| |
469 |
|
6.00%, 6/25/36 (l) |
|
346,161 |
| |
646 |
|
6.00%, 6/25/36 |
|
476,329 |
| |
10,844 |
|
6.00%, 8/25/36 (l) |
|
8,275,999 |
| |
2,133 |
|
6.024%, 1/25/36 (i) |
|
1,427,424 |
| |
25,436 |
|
7.00%, 10/25/37 (l) |
|
18,999,939 |
| |
|
|
RBSSP Resecuritization Trust, CMO (a) (d), |
|
|
| |
10,960 |
|
3.114%, 2/26/36 (i) (l) |
|
3,779,365 |
| |
10,000 |
|
6.00%, 3/26/36 |
|
6,065,485 |
| |
19,175 |
|
6.969%, 11/21/35 (i) (l) |
|
11,673,203 |
| |
34,872 |
|
7.289%, 11/26/35 (i) (l) |
|
18,257,095 |
| |
|
|
Residential Asset Securitization Trust, CMO, |
|
|
| |
2,527 |
|
5.50%, 7/25/35 |
|
2,356,078 |
| |
6,137 |
|
6.25%, 8/25/37 |
|
3,461,411 |
| |
|
|
Residential Funding Mortgage Securities I Trust, CMO, |
|
|
| |
626 |
|
5.85%, 11/25/35 |
|
556,282 |
| |
8,722 |
|
5.883%, 8/25/36 (i) (l) |
|
7,617,310 |
| |
4,889 |
|
6.00%, 4/25/37 |
|
4,305,060 |
| |
2,857 |
|
Sequoia Mortgage Trust, 0.589%, 7/20/36, CMO (i) (l) |
|
1,896,101 |
| |
£2,722 |
|
Southern Pacific Securities PLC, 4.176%, 12/10/42, CMO (i) |
|
3,759,262 |
| |
|
|
Structured Adjustable Rate Mortgage Loan Trust, CMO (i) (l), |
|
|
| |
$8,081 |
|
4.891%, 8/25/36 |
|
5,786,868 |
| |
16,325 |
|
5.151%, 2/25/37 |
|
10,439,000 |
| |
6,360 |
|
5.189%, 4/25/47 |
|
4,953,667 |
| |
|
|
Structured Asset Mortgage Investments, Inc., CMO (i), |
|
|
| |
5,548 |
|
0.387%, 3/25/37 |
|
811,197 |
| |
33,382 |
|
0.407%, 7/25/46 (l) |
|
21,762,303 |
| |
|
|
Suntrust Alternative Loan Trust, CMO (i), |
|
|
| |
32,212 |
|
0.567%, 4/25/36 (l) |
|
7,038,073 |
| |
8,706 |
|
6.934%, 4/25/36, IO |
|
2,315,069 |
| |
|
|
TBW Mortgage-Backed Pass Through Certificates, CMO (l), |
|
|
| |
9,884 |
|
5.80%, 3/25/37 |
|
4,835,912 |
| |
15,000 |
|
6.12%, 3/25/37 |
|
7,562,715 |
| |
36,137 |
|
6.50%, 7/25/36 |
|
18,990,577 |
| |
|
|
Vanwall Finance PLC, CMO (i), |
|
|
| |
£8,494 |
|
1.181%, 4/12/16 |
|
12,112,558 |
| |
£7,494 |
|
1.441%, 4/12/16 |
|
10,226,047 |
| |
|
|
WaMu Mortgage Pass Through Certificates, CMO (i), |
|
|
| |
$589 |
|
0.67%, 6/25/44 |
|
489,386 |
| |
23,016 |
|
0.898%, 6/25/47 (l) |
|
7,683,383 |
| |
41,054 |
|
0.958%, 7/25/47 (l) |
|
32,439,339 |
| |
964 |
|
1.028%, 10/25/46 |
|
676,311 |
| |
3,712 |
|
1.128%, 7/25/46 |
|
2,746,406 |
| |
115 |
|
1.148%, 2/25/46 |
|
103,261 |
| |
1,739 |
|
2.344%, 7/25/47 |
|
1,274,419 |
| |
12,414 |
|
5.216%, 3/25/37 (l) |
|
10,983,879 |
| |
861 |
|
5.238%, 2/25/37 |
|
792,909 |
| |
|
|
Washington Mutual Alternative Mortgage Pass-Through Certificates, CMO (l), |
|
|
| |
25,683 |
|
0.457%, 1/25/47 (i) |
|
13,561,423 |
| |
10,404 |
|
6.00%, 4/25/37 |
|
8,340,403 |
| |
1,543 |
|
Wells Fargo Alternative Loan Trust, 5.75%, 7/25/37, CMO |
|
1,282,971 |
| |
|
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO Dynamic Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
Principal |
|
|
|
|
Value |
|
|
|
|
|
|
| |
$28,600 |
|
Wells Fargo Mortgage Loan Trust, 5.596%, 4/27/36, CMO (a) (d) (i) |
|
$21,901,178 |
| |
|
|
Wells Fargo Mortgage-Backed Securities Trust, CMO, |
|
|
| |
1,537 |
|
2.648%, 10/25/35 (i) |
|
1,498,855 |
| |
1,053 |
|
6.00%, 7/25/36 |
|
1,053,684 |
| |
2,131 |
|
6.00%, 9/25/36 |
|
2,109,534 |
| |
647 |
|
6.00%, 4/25/37 |
|
617,241 |
| |
1,595 |
|
6.00%, 6/25/37 |
|
1,581,391 |
| |
3,220 |
|
6.00%, 8/25/37 |
|
3,047,360 |
| |
Total Mortgage-Backed Securities (cost-$1,226,395,664) |
|
1,333,585,442 |
| |||
|
|
|
|
|
| |
CORPORATE BONDS & NOTES 34.6% |
|
|
| |||
|
|
|
|
|
| |
Banking 4.7% |
|
|
| |||
12,500 |
|
Banco do Brasil S.A., 5.875%, 1/19/23 (a) (d) (l) |
|
13,531,250 |
| |
15,800 |
|
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA, 6.875%, 3/19/20 (l) |
|
21,420,494 |
| |
$6,000 |
|
Intesa Sanpaolo SpA, 6.50%, 2/24/21 (a) (b) (d) (l) (m) |
|
5,871,246 |
| |
15,800 |
|
LBG Capital No.2 PLC, 6.385%, 5/12/20 |
|
18,680,295 |
| |
|
|
|
|
59,503,285 |
| |
Building Products 1.2% |
|
|
| |||
$5,000 |
|
Corp GEO S.A.B. De C.V., 9.25%, 6/30/20 (a) (d) (l) |
|
5,200,000 |
| |
5,000 |
|
Desarrolladora Homex S.A.B. De C.V., 9.75%, 3/25/20 (a) (d) (l) |
|
5,125,000 |
| |
5,000 |
|
Urbi Desarrollos Urbanos S.A.B. De C.V., 9.75%, 2/3/22 (a) (d) (l) |
|
4,412,500 |
| |
|
|
|
|
14,737,500 |
| |
Chemicals 2.1% |
|
|
| |||
25,980 |
|
Ineos Finance PLC, 7.50%, 5/1/20 (a) (d) (l) |
|
26,499,600 |
| |
Commercial Services 0.7% |
|
|
| |||
8,550 |
|
Stonemor Operating LLC, 10.25%, 12/1/17 (l) |
|
8,592,750 |
| |
Construction & Engineering 0.8% |
|
|
| |||
10,723 |
|
Alion Science and Technology Corp., 12.00%, 11/1/14, PIK (l) |
|
10,106,687 |
| |
Consumer Products 1.6% |
|
|
| |||
4,536 |
|
Armored Autogroup, Inc., 9.25%, 11/1/18 |
|
4,082,400 |
| |
|
|
Reynolds Group Issuer, Inc. (l), |
|
|
| |
6,000 |
|
6.875%, 2/15/21 |
|
6,360,000 |
| |
9,000 |
|
7.875%, 8/15/19 |
|
9,765,000 |
| |
|
|
|
|
20,207,400 |
| |
Financial Services 12.8% |
|
|
| |||
12,900 |
|
AGFC Capital Trust I, 6.00%, 1/15/67, (converts to FRN on 1/15/17) (a) (d) (l) |
|
7,288,500 |
| |
7,100 |
|
Caisse Centrale du Credit Immobilier de France S.A., 4.00%, 1/12/18 |
|
8,619,076 |
| |
$9,600 |
|
Cantor Fitzgerald L.P., 7.875%, 10/15/19 (a) (b) (d) (l) (m) |
|
10,050,595 |
| |
25,000 |
|
Cedulas TDA 6 Fondo de Titulizacion de Activos, 4.25%, 4/10/31 (l) |
|
21,057,981 |
| |
|
|
Citigroup, Inc. (l), |
|
|
| |
3,000 |
|
3.625%, 11/30/17, (converts to FRN on 11/30/12) |
|
3,490,533 |
| |
6,000 |
|
4.75%, 2/10/19, (converts to FRN on 2/10/14) |
|
7,128,171 |
| |
|
|
Eksportfinans ASA (l), |
|
|
| |
$700 |
|
2.00%, 9/15/15 |
|
654,961 |
| |
1,700 |
|
5.50%, 5/25/16 |
|
1,735,705 |
| |
1,900 |
|
5.50%, 6/26/17 |
|
1,940,405 |
| |
3,500 |
|
Lazard Group LLC, 6.85%, 6/15/17 (l) |
|
3,954,940 |
| |
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
|
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
|
|
PIMCO Dynamic Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
Principal |
|
|
|
|
Value |
|
|
|
|
|
|
| |
Financial Services (continued) |
|
|
| |||
$36,500 |
|
Morgan Stanley, 7.30%, 5/13/19 (l) |
|
$43,134,569 |
| |
|
|
Royal Bank of Scotland NV (i) (l), |
|
|
| |
5,446 |
|
1.016%, 6/8/15 |
|
6,342,283 |
| |
$5,000 |
|
1.108%, 3/9/15 |
|
4,570,750 |
| |
9,000 |
|
Royal Bank of Scotland PLC, 6.934%, 4/9/18 (l) |
|
11,810,427 |
| |
|
|
SLM Corp. (l), |
|
|
| |
$5,000 |
|
6.00%, 1/25/17 |
|
5,468,750 |
| |
6,245 |
|
7.25%, 1/25/22 |
|
7,025,625 |
| |
|
|
Societe Generale S.A. (l), |
|
|
| |
1,100 |
|
5.20%, 4/15/21 |
|
1,182,699 |
| |
15,237 |
|
5.20%, 4/15/21 (a) (d) |
|
16,382,533 |
| |
|
|
|
|
161,838,503 |
| |
Food 0.7% |
|
|
| |||
2,500 |
|
BRF - Brasil Foods S.A., 5.875%, 6/6/22 (a) (d) (l) |
|
2,737,500 |
| |
5,000 |
|
Minerva Luxembourg S.A., 12.25%, 2/10/22 (a) (d) (l) |
|
5,793,500 |
| |
|
|
|
|
8,531,000 |
| |
Hotels/Gaming 0.3% |
|
|
| |||
12,000 |
|
Buffalo Thunder Development Authority, 9.375%, 12/15/14 (a) (b) (d) (f) (m) (n) |
|
4,440,000 |
| |
Insurance 1.3% |
|
|
| |||
£8,500 |
|
American International Group, Inc., 8.625%, 5/22/68, (converts to FRN on 5/22/18) (l) |
|
15,921,921 |
| |
Oil & Gas 3.6% |
|
|
| |||
$5,000 |
|
Afren PLC, 10.25%, 4/8/19 (l) |
|
5,712,500 |
| |
5,000 |
|
Alliance Oil Co., Ltd., 9.875%, 3/11/15 |
|
5,316,750 |
| |
15,000 |
|
NGPL PipeCo LLC, 7.768%, 12/15/37 (a) (d) (l) |
|
15,075,000 |
| |
16,500 |
|
OGX Austria GmbH, 8.50%, 6/1/18 (a) (d) (l) |
|
14,932,500 |
| |
7,000 |
|
Petroleos de Venezuela S.A., 5.50%, 4/12/37 (l) |
|
4,270,000 |
| |
|
|
|
|
45,306,750 |
| |
Oil, Gas & Consumable Fuels 0.4% |
|
|
| |||
5,000 |
|
Mongolian Mining Corp., 8.875%, 3/29/17 (a) (d) (l) |
|
5,087,500 |
| |
Retail 2.5% |
|
|
| |||
£500 |
|
Enterprise Inns PLC, 6.50%, 12/6/18 |
|
712,530 |
| |
£4,066 |
|
Punch Taverns Finance PLC, 6.82%, 7/15/20 (l) |
|
6,236,872 |
| |
£12,120 |
|
Spirit Issuer PLC, 5.472%, 12/28/34 (i) |
|
14,874,239 |
| |
£6,800 |
|
Unique Pub Finance Co. PLC, 6.542%, 3/30/21 |
|
9,992,378 |
| |
|
|
|
|
31,816,019 |
| |
Technology 0.8% |
|
|
| |||
|
|
First Data Corp. (a) (d) (l), |
|
|
| |
$5,000 |
|
7.375%, 6/15/19 |
|
5,181,250 |
| |
5,000 |
|
8.75%, 1/15/22, PIK |
|
5,062,500 |
| |
|
|
|
|
10,243,750 |
| |
Telecommunications 1.1% |
|
|
| |||
8,500 |
|
Nokia Oyj, 5.375%, 5/15/19 (l) |
|
7,161,250 |
| |
7,000 |
|
VimpelCom Holdings BV, 7.504%, 3/1/22 (l) |
|
7,358,750 |
| |
|
|
|
|
14,520,000 |
| |
Total Corporate Bonds & Notes (cost-$397,631,206) |
|
437,352,665 |
| |||
|
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO Dynamic Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
Principal |
|
|
|
|
Value |
|
ASSET-BACKED SECURITIES 21.7% |
|
|
| |||
|
|
|
|
|
| |
|
|
Bear Stearns Asset Backed Securities Trust (i), |
|
|
| |
$4,000 |
|
0.767%, 6/25/36 (l) |
|
$2,614,122 |
| |
592 |
|
2.683%, 10/25/36 |
|
333,291 |
| |
2,943 |
|
Bombardier Capital Mortgage Securitization Corp., 7.44%, 12/15/29 (i) (l) |
|
1,905,792 |
| |
|
|
Citigroup Mortgage Loan Trust, Inc., |
|
|
| |
687 |
|
5.852%, 5/25/36 |
|
419,634 |
| |
4,086 |
|
5.923%, 3/25/36 |
|
2,893,536 |
| |
|
|
Conseco Finance Securitizations Corp., |
|
|
| |
6,228 |
|
7.96%, 5/1/31 |
|
5,184,301 |
| |
18,519 |
|
7.97%, 5/1/32 (l) |
|
13,372,603 |
| |
33,049 |
|
8.20%, 5/1/31 (l) |
|
28,127,636 |
| |
7,000 |
|
Conseco Financial Corp., 7.06%, 2/1/31 (i) (l) |
|
6,799,450 |
| |
|
|
Countrywide Asset-Backed Certificates, |
|
|
| |
15,000 |
|
0.387%, 6/25/47 (i) (l) |
|
10,112,948 |
| |
6,059 |
|
0.417%, 4/25/36 (i) (l) |
|
4,783,854 |
| |
38 |
|
1.017%, 3/25/33 (i) |
|
31,318 |
| |
2,405 |
|
1.597%, 12/25/32 (i) |
|
1,549,423 |
| |
1,600 |
|
4.915%, 2/25/36 (i) |
|
1,432,032 |
| |
2,828 |
|
5.348%, 7/25/36 (i) |
|
2,339,041 |
| |
4,645 |
|
5.505%, 4/25/36 (i) (l) |
|
4,001,840 |
| |
4,918 |
|
5.588%, 8/25/36 (i) |
|
4,227,602 |
| |
5,561 |
|
5.657%, 3/25/34 (i) |
|
5,757,447 |
| |
555 |
|
5.859%, 10/25/46 |
|
354,226 |
| |
13,581 |
|
CSAB Mortgage Backed Trust, 5.50%, 5/25/37 (l) |
|
11,675,739 |
| |
|
|
EMC Mortgage Loan Trust (a) (d) (i), |
|
|
| |
301 |
|
0.667%, 12/25/42 |
|
245,307 |
| |
14,869 |
|
0.687%, 4/25/42 (l) |
|
11,241,547 |
| |
1,658 |
|
2.467%, 4/25/42 |
|
776,551 |
| |
13,141 |
|
GMAC Mortgage Corp. Loan Trust, 6.249%, 12/25/37 (l) |
|
11,313,555 |
| |
5,150 |
|
GSAA Trust, 6.205%, 3/25/46 |
|
4,925,597 |
| |
2,169 |
|
Indymac Home Equity Loan Asset-Backed Trust, 7.559%, 12/25/31 |
|
952,313 |
| |
13,473 |
|
Lehman XS Trust, 6.17%, 6/25/46 (l) |
|
11,573,144 |
| |
326 |
|
Long Beach Mortgage Loan Trust, 1.267%, 2/25/34 (i) |
|
258,374 |
| |
27,500 |
|
Morgan Stanley Home Equity Loan Trust, 0.447%, 4/25/37 (i) (l) |
|
12,351,556 |
| |
|
|
Oakwood Mortgage Investors, Inc. (i), |
|
|
| |
9,736 |
|
5.92%, 9/15/17 |
|
4,699,851 |
| |
5,942 |
|
6.61%, 2/15/21 |
|
3,152,127 |
| |
27,166 |
|
7.40%, 7/15/30 (l) |
|
19,997,215 |
| |
7,719 |
|
7.405%, 12/15/30 |
|
4,519,863 |
| |
6,550 |
|
7.84%, 11/15/29 (l) |
|
6,519,872 |
| |
|
|
Popular ABS Mortgage Pass-Through Trust, |
|
|
| |
3,663 |
|
1.467%, 8/25/35 (i) |
|
1,405,039 |
| |
8,422 |
|
5.105%, 7/25/35 (l) |
|
6,025,709 |
| |
11,872 |
|
Residential Asset Mortgage Trust, 1.192%, 4/25/34 (i) (l) |
|
7,847,307 |
| |
10,865 |
|
RASC Trust, 0.377%, 6/25/36 (i) (l) |
|
8,579,131 |
| |
47 |
|
Renaissance Home Equity Loan Trust, 0.717%, 12/25/33 (i) |
|
42,038 |
| |
2,738 |
|
Soundview Home Equity Loan Trust, 5.562%, 10/25/36 |
|
2,038,913 |
| |
200,127 |
|
South Coast Funding, 0.72%, 1/6/41 (a) (b) (d) (g) (i) (m) |
|
44,021,858 |
| |
8,564 |
|
Structured Asset Securities Corp., 4.217%, 5/25/32 (i) |
|
3,548,104 |
| |
399 |
|
Vanderbilt Mortgage Finance, 9.25%, 11/7/32 (i) |
|
405,801 |
| |
Total Asset-Backed Securities (cost-$262,023,364) |
|
274,356,607 |
| |||
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
|
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
|
|
PIMCO Dynamic Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
Principal |
|
|
|
|
Value |
|
SENIOR LOANS (a) (c) 7.2% |
|
|
| |||
|
|
|
|
|
| |
Automotive 0.9% |
|
|
| |||
$12,000 |
|
Keystone Automotive Operations, Inc., 9.75%-10.25%, 2/15/16, Term B (b) (m) |
|
$12,180,000 |
| |
Financial Services 3.2% |
|
|
| |||
13500 |
|
RFC Borrower LLC, 5.00%-6.75%, 11/18/13 |
|
13,634,690 |
| |
27,000 |
|
Springleaf Finance Corp., 5.50%, 5/10/17 |
|
26,487,000 |
| |
|
|
|
|
40,121,690 |
| |
Food & Beverage 0.5% |
|
|
| |||
5,985 |
|
Candy Intermediate Holdings, Inc., 7.50%-8.50%, 6/18/18 |
|
6,063,553 |
| |
Hotels/Gaming 1.2% |
|
|
| |||
15,200 |
|
Stockbridge SBE Holdings LLC, 13.00%, 5/2/17, Term B (b) (m) |
|
15,200,000 |
| |
Telecommunications 1.4% |
|
|
| |||
17,588 |
|
Univision Communications, Inc., 4.466%, 3/31/17 |
|
17,453,630 |
| |
Total Senior Loans (cost-$87,439,037) |
|
91,018,873 |
| |||
|
|
|
|
|
| |
U.S. GOVERNMENT AGENCY SECURITIES 5.1% |
|
|
| |||
|
|
|
|
|
| |
|
|
Fannie Mae, |
|
|
| |
30,333 |
|
5.704%, 7/25/41, CMO, IO (i) (l) |
|
4,276,223 |
| |
39,930 |
|
5.854%, 10/25/40, CMO, IO (i) (l) |
|
5,822,165 |
| |
3,207 |
|
6.084%, 1/25/38, CMO, IO (i) |
|
451,257 |
| |
1,560 |
|
6.134%, 12/25/37, CMO, IO (i) |
|
235,237 |
| |
3,495 |
|
6.184%, 12/25/37, CMO, IO (i) |
|
544,004 |
| |
1,112 |
|
6.194%, 6/25/37, CMO, IO (i) |
|
189,813 |
| |
13,120 |
|
6.224%, 3/25/37, CMO, IO (i) (l) |
|
2,031,655 |
| |
80,406 |
|
6.224%, 4/25/37, CMO, IO (i) (l) |
|
11,826,673 |
| |
3,118 |
|
6.234%, 4/25/37, CMO, IO (i) |
|
619,448 |
| |
805 |
|
6.284%, 2/25/37, CMO, IO (i) |
|
126,867 |
| |
2,598 |
|
6.304%, 9/25/37, CMO, IO (i) |
|
486,341 |
| |
89,100 |
|
6.344%, 6/25/41, CMO, IO (i) (l) |
|
13,348,905 |
| |
595 |
|
6.384%, 11/25/35, CMO, IO (i) |
|
108,000 |
| |
866 |
|
6.434%, 11/25/36, CMO, IO (i) |
|
127,962 |
| |
3,158 |
|
6.504%, 6/25/37, CMO, IO (i) |
|
460,271 |
| |
6,994 |
|
6.534%, 10/25/35, CMO, IO (i) |
|
1,168,877 |
| |
6,229 |
|
6.554%, 5/25/37, CMO, IO (i) |
|
1,280,626 |
| |
7,499 |
|
6.584%, 11/25/36, CMO, IO (i) |
|
1,459,758 |
| |
7,585 |
|
6.764%, 3/25/38, CMO, IO (i) |
|
1,683,267 |
| |
6,097 |
|
6.784%, 2/25/38, CMO, IO (i) |
|
1,016,042 |
| |
5,829 |
|
6.884%, 6/25/23, CMO, IO (i) |
|
1,091,401 |
| |
5,985 |
|
11.888%, 1/25/41, CMO (b) (i) (l) |
|
8,132,693 |
| |
|
|
|
|
56,487,485 |
| |
|
|
Freddie Mac, |
|
|
| |
1,414 |
|
6.189%, 5/15/37, CMO, IO (i) |
|
231,495 |
| |
8,243 |
|
6.249%, 7/15/36, CMO, IO (i) |
|
1,604,054 |
| |
3,592 |
|
6.359%, 9/15/36, CMO, IO (i) |
|
591,587 |
| |
8,753 |
|
6.479%, 4/15/36, CMO, IO (i) |
|
1,286,601 |
| |
6,056 |
|
7.559%, 9/15/36, CMO, IO (i) |
|
1,480,100 |
| |
1,579 |
|
13.858%, 9/15/41, CMO (b) (i) |
|
1,873,194 |
| |
881 |
|
16.323%, 9/15/34, CMO (b) (i) |
|
1,167,561 |
| |
|
|
|
|
8,234,592 |
| |
Total U.S. Government Agency Securities (cost-$66,011,485) |
|
64,722,077 |
| |||
|
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO Dynamic Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
Value |
|
CONVERTIBLE PREFERRED STOCK 1.9% |
|
|
| |||
|
|
|
|
|
| |
Aerospace & Defense 0.3% |
|
|
| |||
70,000 |
|
United Technologies Corp., 7.50%, 8/1/15 |
|
$3,927,000 |
| |
Electric Utilities 0.7% |
|
|
| |||
151,700 |
|
PPL Corp., 8.75%, 5/1/14 |
|
8,297,990 |
| |
Financial Services 0.9% |
|
|
| |||
10,000 |
|
General Electric Capital Corp., 7.125%, 6/15/22 (h) |
|
11,187,710 |
| |
Total Convertible Preferred Stock (cost-$21,480,278) |
|
23,412,700 |
| |||
|
|
|
|
|
| |
Principal |
|
|
|
|
|
|
SHORT-TERM INVESTMENTS 14.0% |
|
|
| |||
|
|
|
|
|
| |
U.S. Treasury Obligations (j) (p) 4.6% |
|
|
| |||
$57,879 |
|
U.S. Treasury Bills, 0.117%-0.206%, 1/31/13-8/22/13 (cost-$57,809,748) |
|
57,817,645 |
| |
Repurchase Agreements 9.4% |
|
|
| |||
12,600 |
|
Barclays Capital, Inc., |
|
12,600,000 |
| |
105,000 |
|
Credit Suisse Securities (USA) LLC, |
|
105,000,000 |
| |
1,417 |
|
State Street Bank & Trust Co., |
|
1,417,000 |
| |
Total Repurchase Agreements (cost-$119,017,000) |
|
119,017,000 |
| |||
Total Short-Term Investments (cost-$176,826,748) |
|
176,834,645 |
| |||
Total Investments (cost-$2,237,807,782) 190.0% |
|
2,401,283,009 |
| |||
Liabilities in excess of other assets (90.0)% |
|
(1,137,293,105 |
) | |||
Net Assets 100% |
|
$1,263,989,904 |
| |||
|
|
|
| |||
|
|
|
| |||
|
|
|
| |||
|
|
|
| |||
|
|
|
| |||
|
|
|
| |||
|
|
|
| |||
|
|
|
| |||
|
|
|
| |||
|
|
|
| |||
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
|
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
|
|
PIMCO Global StocksPLUS® & Income Fund Schedule of Investments
September 30, 2012 (unaudited)
Principal |
|
|
|
|
Value |
|
MORTGAGE-BACKED SECURITIES 67.7% |
|
|
| |||
|
|
|
|
|
| |
|
|
Banc of America Funding Corp., CMO (i), |
|
|
| |
$273 |
|
0.439%, 7/20/36 |
|
$238,747 |
| |
1,014 |
|
2.817%, 12/20/34 |
|
845,710 |
| |
1,994 |
|
5.572%, 3/20/36 |
|
1,672,532 |
| |
572 |
|
5.846%, 1/25/37 |
|
431,240 |
| |
2,000 |
|
Banc of America Merrill Lynch Commercial Mortgage, Inc., 5.473%, 3/11/41, CMO (a) (d) (i) |
|
1,441,394 |
| |
9 |
|
Banc of America Mortgage Trust, 6.00%, 7/25/46, CMO |
|
7,724 |
| |
756 |
|
BCAP LLC Trust, 6.25%, 11/26/36, CMO (a) (d) |
|
750,999 |
| |
3,000 |
|
BCRR Trust, 5.858%, 7/17/40, CMO (a) (d) (i) (l) |
|
3,291,483 |
| |
|
|
Bear Stearns Adjustable Rate Mortgage Trust, CMO (i), |
|
|
| |
458 |
|
2.901%, 3/25/35 |
|
400,518 |
| |
1,245 |
|
2.959%, 2/25/34 (l) |
|
1,233,348 |
| |
851 |
|
5.607%, 7/25/36 |
|
640,227 |
| |
|
|
Bear Stearns Alt-A Trust, CMO (i), |
|
|
| |
568 |
|
2.766%, 4/25/35 |
|
431,721 |
| |
227 |
|
2.768%, 11/25/35 |
|
166,683 |
| |
350 |
|
3.006%, 9/25/35 |
|
284,125 |
| |
|
|
Bear Stearns Commercial Mortgage Securities, CMO (i), |
|
|
| |
1,000 |
|
5.694%, 6/11/50 |
|
1,183,019 |
| |
1,300 |
|
5.702%, 3/13/40 (a) (d) (l) |
|
1,232,070 |
| |
1,000 |
|
5.94%, 2/11/41 (a) (d) |
|
817,400 |
| |
|
|
Bear Stearns Structured Products, Inc., CMO (i), |
|
|
| |
563 |
|
2.837%, 12/26/46 |
|
327,930 |
| |
1,648 |
|
2.84%, 1/26/36 |
|
1,040,423 |
| |
1,362 |
|
CBA Commercial Small Balance Commercial Mortgage, 5.54%, 1/25/39, CMO (a) (b) (d) (m) |
|
729,976 |
| |
|
|
CC Mortgage Funding Corp., CMO (a) (d) (i), |
|
|
| |
319 |
|
0.517%, 8/25/35 |
|
245,889 |
| |
20 |
|
0.557%, 10/25/34 |
|
18,747 |
| |
|
|
Celtic Residential Irish Mortgage Securitisation, CMO (i), |
|
|
| |
2,721 |
|
0.36%, 11/13/47 |
|
2,622,112 |
| |
£2,463 |
|
0.916%, 12/14/48 |
|
2,992,826 |
| |
$964 |
|
Charlotte Gateway Village LLC, 6.41%, 12/1/16, CMO (a) (b) (d) (g) (m) |
|
978,904 |
| |
1,481 |
|
Citigroup Mortgage Loan Trust, Inc., 3.046%, 3/25/37, CMO (i) |
|
1,039,318 |
| |
1,015 |
|
Citigroup/Deutsche Bank Commercial Mortgage Trust, 5.393%, 7/15/44, CMO (i) |
|
941,064 |
| |
760 |
|
Commercial Mortgage Pass Through Certificates, 6.118%, 7/10/46, CMO (a) (d) (i) |
|
832,913 |
| |
|
|
Countrywide Alternative Loan Trust, CMO, |
|
|
| |
1,592 |
|
0.429%, 5/20/46 (i) |
|
986,473 |
| |
304 |
|
0.457%, 12/25/46 (i) |
|
106,514 |
| |
1,927 |
|
0.547%, 10/25/35 (i) |
|
1,207,208 |
| |
3,779 |
|
0.567%, 5/25/36 (i) |
|
2,063,672 |
| |
521 |
|
2.897%, 2/25/37 (i) |
|
397,407 |
| |
481 |
|
5.276%, 10/25/35 (i) |
|
358,728 |
| |
1,257 |
|
5.50%, 8/25/34 |
|
1,079,756 |
| |
66 |
|
5.50%, 2/25/36 |
|
49,803 |
| |
1,155 |
|
5.50%, 3/25/36 |
|
777,913 |
| |
1,470 |
|
6.00%, 5/25/37 |
|
1,106,914 |
| |
|
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
9.30.12 | |
PIMCO High Income Fund Semi-Annual Report |
PIMCO Global StocksPLUS® & Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
Principal |
|
|
|
|
Value |
|
|
|
|
|
|
|
|
$182 |
|
6.25%, 9/25/34 |
|
$180,557 |
| |
2,743 |
|
6.934%, 7/25/36, IO (i) |
|
697,327 |
| |
|
|
Countrywide Home Loan Mortgage Pass Through Trust, CMO, |
|
|
| |
365 |
|
0.457%, 3/25/36 (i) |
|
270,748 |
| |
2,294 |
|
0.537%, 3/25/35 (i) |
|
1,698,594 |
| |
259 |
|
0.607%, 2/25/35 (i) |
|
155,875 |
| |
298 |
|
2.788%, 10/20/35 (i) |
|
185,475 |
| |
526 |
|
2.945%, 10/20/35 (i) |
|
457,779 |
| |
637 |
|
3.012%, 8/25/34 (i) |
|
552,690 |
| |
635 |
|
3.296%, 3/25/37 (i) |
|
379,924 |
| |
1,460 |
|
5.102%, 10/20/35 (i) |
|
1,144,979 |
| |
167 |
|
5.50%, 8/25/35 |
|
167,282 |
| |
144 |
|
6.00%, 3/25/36 |
|
5,683 |
| |
2,600 |
|
Credit Suisse First Boston Mortgage Securities Corp., 5.745%, 12/15/36, CMO (a) (d) (i) |
|
2,012,172 |
| |
|
|
Credit Suisse Mortgage Capital Certificates, CMO, |
|
|
| |
900 |
|
5.467%, 7/18/16 (a) (d) (i) |
|
954,694 |
| |
453 |
|
6.00%, 11/25/36 |
|
449,772 |
| |
2,000 |
|
6.407%, 2/15/41 (i) (l) |
|
2,341,017 |
| |
926 |
|
First Horizon Alternative Mortgage Securities, 2.504%, 11/25/36, CMO (i) |
|
601,960 |
| |
2,000 |
|
First Horizon Asset Securities, Inc., 2.589%, 1/25/37, CMO (i) |
|
1,622,474 |
| |
|
|
GE Capital Commercial Mortgage Corp., CMO (i), |
|
|
| |
1,000 |
|
5.298%, 7/10/45 (a) (d) |
|
768,883 |
| |
1,000 |
|
5.38%, 5/10/43 |
|
967,526 |
| |
336 |
|
GMAC Mortgage Corp. Loan Trust, 3.454%, 6/25/34, CMO (i) |
|
331,322 |
| |
730 |
|
GS Mortgage Securities Corp. II, 6.134%, 8/10/43, CMO (a) (d) (i) |
|
797,413 |
| |
|
|
GSR Mortgage Loan Trust, CMO, |
|
|
| |
333 |
|
2.647%, 9/25/35 (i) |
|
335,729 |
| |
655 |
|
2.924%, 4/25/35 (i) |
|
570,353 |
| |
379 |
|
3.053%, 5/25/35 (i) |
|
318,196 |
| |
422 |
|
5.50%, 6/25/36 |
|
392,359 |
| |
|
|
Harborview Mortgage Loan Trust, CMO (i), |
|
|
| |
45 |
|
0.519%, 4/19/34 |
|
43,001 |
| |
214 |
|
2.55%, 11/19/34 |
|
152,462 |
| |
86 |
|
3.01%, 2/25/36 |
|
57,113 |
| |
83 |
|
5.322%, 8/19/36 |
|
69,296 |
| |
1,033 |
|
5.606%, 6/19/36 |
|
720,828 |
| |
938 |
|
HSBC Asset Loan Obligation, 2.826%, 1/25/37, CMO (i) |
|
644,798 |
| |
2 |
|
Impac CMB Trust, 0.857%, 10/25/33, CMO (i) |
|
2,202 |
| |
|
|
Indymac Index Mortgage Loan Trust, CMO (i), |
|
|
| |
3,043 |
|
0.487%, 6/25/37 |
|
880,395 |
| |
84 |
|
0.497%, 3/25/35 |
|
65,564 |
| |
429 |
|
2.732%, 6/25/37 |
|
272,451 |
| |
326 |
|
JPMorgan Alternative Loan Trust, 7.00%, 12/25/35, CMO |
|
15,740 |
| |
1,500 |
|
JPMorgan Chase Commercial Mortgage Securities Corp., 5.443%, 5/15/41, CMO (a) (d) (i) |
|
1,063,958 |
| |
|
|
JPMorgan Mortgage Trust, CMO, |
|
|
| |
2,089 |
|
2.903%, 4/25/37 (i) |
|
1,493,641 |
| |
618 |
|
5.42%, 5/25/36 (i) |
|
507,925 |
| |
204 |
|
5.50%, 1/25/36 |
|
186,843 |
| |
228 |
|
5.50%, 6/25/37 |
|
218,915 |
| |
|
|
Luminent Mortgage Trust, CMO (i), |
|
|
| |
1,373 |
|
0.387%, 12/25/36 |
|
946,508 |
| |
1,333 |
|
0.417%, 10/25/46 |
|
1,023,208 |
| |
|
|
|
|
|
|
|
PIMCO Dynamic Income Fund |
|
|
|
PIMCO Global StocksPLUS® & Income Fund |
|
|
|
PIMCO High Income Fund Semi-Annual Report | 9.30.12 |
|
|
PIMCO Global StocksPLUS® & Income Fund Schedule of Investments
September 30, 2012 (unaudited) (continued)
Principal |
|
|
|
|
Value |
|
|
|
|
|
|
| |
|
|
MASTR Adjustable Rate Mortgage Trust, CMO (i), |
|
|
| |
$1,479 |
|
2.843%, 11/25/35 (a) (d) |
|
$817,614 |
| |
410 |
|
3.332%, 10/25/34 |
|
331,448 |
| |
433 |
|
Merrill Lynch Alternative Note Asset, 0.287%, 1/25/37, CMO (i) |
|
164,532 |
| |
297 |
|
Merrill Lynch Investors Trust, 1.986%, 10/25/35, CMO (i) |
|
288,917 |
| |
1,000 |
|
Merrill Lynch/Countrywide Commercial Mortgage Trust, 5.378%, 8/12/48, CMO (l) |
|
1,133,172 |
| |
|
|
Morgan Stanley Capital I, Inc., CMO, |
|
|
| |
100 |
|
5.379%, 8/13/42 (a) (d) (i) |
|
53,220 |
| |
500 |
|
5.383%, 11/14/42 (i) |
|
371,991 |
| |
1,415 |
|
5.569%, 12/15/44 (l) |
|
1,604,629 |
| |
1,200 |
|
Morgan Stanley Reremic Trust, zero coupon, 7/17/56, CMO, PO (a) (b) (d) (l) (m) |
|
1,059,000 |
| |
468 |
|
Opteum Mortgage Acceptance Corp., 0.487%, 7/25/36, CMO (i) |
|
281,584 |
| |
277 |
|
Provident Funding Mortgage Loan Trust, 2.907%, 10/25/35, CMO (i) |
|
272,373 |
| |
3,000 |
|
RBSCF Trust, 6.068%, 2/17/51, CMO (a) (d) (i) |
|
3,092,754 |
| |
|
|
Residential Accredit Loans Trust CMO, |
|
|
| |
617 |
|
3.254%, 12/26/34 (i) |
|
472,178 |
| |
1,570 |
|
3.937%, 1/25/36 (i) |
|
1,107,835 |
| |
1,010 |
|
6.00%, 9/25/35 |
|
755,441 |
| |
709 |
|
6.00%, 8/25/36 |
|
541,141 |
| |
213 |
|
Residential Asset Mortgage Products Trust, 7.50%, 12/25/31, CMO |
|
222,134 |
| |
2,618 |
|
RBSSP Resecuritization Trust, 5.00%, 9/26/36, CMO (a) (d) |
|
771,277 |
| |
|
|
Structured Adjustable Rate Mortgage Loan Trust, CMO (i), |
|
|
| |
1,232 |
|
1.553%, 5/25/35 |
|
799,225 |
| |
217 |
|
3.09%, 9/25/35 |
|
181,977 |
| |
576 |
|
4.72%, 9/25/36 |
|
302,667 |
| |
873 |
|
5.091%, 11/25/36 |
|
802,590 |
| |
1,162 |
|
5.285%, 4/25/36 |
|
932,367 |
| |
850 |