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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Allianzgi Global Equity & Convertible Income Fund | NYSE:NGZ | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.59 | 0.00 | 01:00:00 |
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UNITED STATES
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OMB APPROVAL |
OMB Number: 3235-0578 |
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Expires: April 30, 2013 |
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Estimated average burden |
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hours per response: 5.6 |
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
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Investment Company Act File Number: |
811-22067 |
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Nicholas-Applegate Global Equity & Convertible Income Fund |
(Registrant Name) |
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1345 Avenue of the Americas New York, New York |
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10105 |
(Address of Principal Executive Offices) |
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(Zip code) |
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Lawrence G. Altadonna 1345 Avenue of the Americas New York, New York 10105 |
(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: |
August 31, 2010 |
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Date of Reporting Period: |
May 31, 2010 |
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Form N-Q is to be used by management investment companies, other than small business investment companies 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 30b1-5 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 respond 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, 100 F Street, NE, Washington, DC 20549-2001. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Schedule of Investments
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Nicholas-Applegate Global Equity & Convertible Income Fund Schedule of Investments |
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May 31, 2010 (unaudited) |
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Shares |
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Value* |
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COMMON STOCK77.0% |
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Australia3.0% |
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Airlines0.3% |
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152,554 |
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Qantas Airways Ltd. (a) |
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$314,398 |
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Biotechnology0.5% |
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17,462 |
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CSL Ltd. (b) |
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462,906 |
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Commercial Banks0.8% |
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19,579 |
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Commonwealth Bank of Australia |
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858,231 |
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Construction & Engineering0.4% |
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14,173 |
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Leighton Holdings Ltd. |
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388,503 |
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Diversified Financial Services0.4% |
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139,994 |
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Challenger Financial Services Group Ltd. |
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439,835 |
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Metals & Mining0.6% |
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13,924 |
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BHP Billiton Ltd. |
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451,910 |
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58,602 |
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OneSteel Ltd. |
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158,075 |
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609,985 |
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Austria0.1% |
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Building Products0.0% |
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3,027 |
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Wienerberger AG (a) |
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45,522 |
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Metals & Mining0.1% |
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2,316 |
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Voestalpine AG |
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64,403 |
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Belgium0.1% |
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Chemicals0.1% |
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5,374 |
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Tessenderlo Chemie NV |
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154,644 |
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Canada0.5% |
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Communications Equipment0.5% |
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9,100 |
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Research In Motion Ltd. (a) |
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552,370 |
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China0.2% |
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Electronic Equipment, Instruments0.1% |
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30,500 |
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Kingboard Chemical Holdings Ltd. |
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142,627 |
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Independent Power Producers0.1% |
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38,000 |
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China Resources Power Holdings Co., Ltd. |
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76,911 |
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Denmark0.1% |
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Construction & Engineering0.1% |
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2,000 |
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FLSmidth & Co. AS |
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124,381 |
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Finland0.2% |
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Communications Equipment0.1% |
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7,353 |
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Nokia Oyj |
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74,227 |
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Food & Staples Retailing0.1% |
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4,984 |
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Kesko OyjCl. B |
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161,982 |
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France2.4% |
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Airlines0.1% |
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4,355 |
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Air France-KLM |
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52,301 |
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Automobiles0.3% |
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9,874 |
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Peugeot S.A. (a) |
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235,233 |
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1,838 |
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Renault S.A. (a) |
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65,461 |
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300,694 |
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Commercial Banks0.4% |
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4,922 |
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BNP Paribas |
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280,244 |
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12,598 |
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Credit Agricole S.A. |
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136,086 |
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416,330 |
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Diversified Telecommunication0.8% |
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47,233 |
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France Telecom S.A. (b) |
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897,200 |
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Electrical Equipment0.2% |
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4,912 |
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Alstom S.A. |
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232,892 |
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Household Durables0.1% |
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2,043 |
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SEB S.A. |
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136,429 |
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Metals & Mining0.1% |
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3,088 |
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ArcelorMittal |
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93,665 |
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Oil, Gas & Consumable Fuels0.4% |
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8,490 |
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Total S.A. |
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395,235 |
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Germany2.2% |
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Airlines0.3% |
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23,665 |
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Deutsche Lufthansa AG (a) |
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316,181 |
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Automobiles1.0% |
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17,212 |
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Daimler AG (a)(b) |
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855,845 |
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3,950 |
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Porsche Automobile Holding SE |
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172,192 |
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1,028,037 |
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Chemicals0.3% |
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7,688 |
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K+S AG |
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351,300 |
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Industrial Conglomerates0.3% |
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2,992 |
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Siemens AG |
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270,507 |
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Metals & Mining0.1% |
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1,548 |
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Salzgitter AG |
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99,495 |
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Multi-Utilities0.0% |
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568 |
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RWE AG |
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41,080 |
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|
Nicholas-Applegate Global Equity & Convertible Income Fund Schedule of Investments |
|
May 31, 2010 (unaudited) |
|
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Shares |
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|
Value* |
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||||||
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Semiconductors & Semiconductor Equipment0.2% |
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|
2,911 |
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Aixtron AG |
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|
$78,889 |
|
15,947 |
|
Infineon Technologies AG (a) |
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|
89,556 |
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|
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|
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168,445 |
|
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Greece0.0% |
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Commercial Banks0.0% |
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|
|
4,039 |
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National Bank of Greece S.A. (a) |
|
|
49,103 |
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|
|
|
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Hong Kong2.2% |
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Airlines0.4% |
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|
197,000 |
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Cathay Pacific Airways Ltd. |
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|
376,813 |
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Diversified Financial Services0.1% |
|
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|
8,000 |
|
Hong Kong Exchanges & Clearing Ltd. |
|
|
123,339 |
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Electric Utilities0.2% |
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|
59,000 |
|
Cheung Kong Infrastructure Holdings Ltd. |
|
|
213,077 |
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Industrial Conglomerates0.1% |
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|
3,600 |
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Jardine Matheson Holdings Ltd. |
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|
125,245 |
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Marine0.1% |
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|
10,500 |
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Orient Overseas International Ltd. (a) |
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|
71,554 |
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Paper & Forest Products0.1% |
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|
112,000 |
|
Lee & Man Paper Manufacturing Ltd. |
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|
84,079 |
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Real Estate Management & Development1.0% |
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|
41,000 |
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Hang Lung Group Ltd. |
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|
196,536 |
|
118,000 |
|
New World Development Ltd. |
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|
188,939 |
|
56,000 |
|
Swire Pacific Ltd.Cl. A |
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605,659 |
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|
991,134 |
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Semiconductors & Semiconductor Equipment0.1% |
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|
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|
16,500 |
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ASM Pacific Technology Ltd. |
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|
129,818 |
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Specialty Retail0.1% |
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|
19,981 |
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Esprit Holdings Ltd. |
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|
112,792 |
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Ireland0.0% |
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Banks0.0% |
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|
20,740 |
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Anglo Irish Bank Corp. PLC (a)(c) |
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|
256 |
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Insurance0.0% |
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|
9,738 |
|
Irish Life & Permanent PLC (a) |
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|
23,113 |
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Italy0.6% |
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Electric Utilities0.2% |
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|
54,358 |
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Enel SpA |
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|
249,312 |
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Household Durables0.2% |
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|
14,735 |
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Indesit Co. SpA |
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|
156,455 |
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Oil, Gas & Consumable Fuels0.2% |
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|
|
13,395 |
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ENI SpA |
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|
252,224 |
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Japan5.7% |
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Auto Components0.1% |
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|
5,800 |
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Tokai Rika Co., Ltd. |
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114,653 |
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Commercial Banks0.3% |
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|
169,000 |
|
Hokuhoku Financial Group, Inc. |
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|
304,164 |
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Computers & Peripherals0.1% |
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|
|
13,000 |
|
Toshiba Corp. (a) |
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|
66,653 |
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|
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Consumer Finance0.1% |
|
|
|
|
490 |
|
ORIX Corp. |
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|
37,334 |
|
13,600 |
|
Promise Co., Ltd. |
|
|
93,801 |
|
|
|
|
|
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||
|
|
|
|
|
131,135 |
|
|
|
|
|
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|
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Diversified Telecommunication0.1% |
|
|
|
|
2,100 |
|
Nippon Telegraph & Telephone Corp. |
|
|
86,095 |
|
|
|
|
|
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|
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Electronic Equipment, Instruments0.4% |
|
|
|
|
3,500 |
|
FUJIFILM Holdings Corp. |
|
|
103,054 |
|
5,500 |
|
Mitsumi Electric Co., Ltd. |
|
|
98,276 |
|
23,000 |
|
Nippon Chemi-Con Corp. (a) |
|
|
92,636 |
|
14,000 |
|
Star Micronics Co., Ltd. |
|
|
139,558 |
|
|
|
|
|
|
||
|
|
|
|
|
433,524 |
|
|
|
|
|
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Health Care Equipment & Supplies0.2% |
|
|
|
|
7,000 |
|
Olympus Corp. |
|
|
179,248 |
|
|
|
|
|
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|
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Household Durables0.4% |
|
|
|
|
13,300 |
|
Sony Corp. |
|
|
409,678 |
|
|
|
|
|
|
||
|
|
Leisure Equipment & Products0.4% |
|
|
|
|
5,000 |
|
Nikon Corp. |
|
|
95,592 |
|
7,900 |
|
Sankyo Co., Ltd. |
|
|
341,377 |
|
|
|
|
|
|
||
|
|
|
|
|
436,969 |
|
|
|
|
|
|
||
|
|
Machinery0.2% |
|
|
|
|
5,000 |
|
Glory Ltd. |
|
|
112,128 |
|
4,700 |
|
Shima Seiki Manufacturing Ltd. |
|
|
111,801 |
|
|
|
|
|
|
||
|
|
|
|
|
223,929 |
|
|
|
|
|
|
||
|
|
Marine0.6% |
|
|
|
|
71,000 |
|
Mitsui OSK Lines Ltd. |
|
|
501,683 |
|
32,000 |
|
Nippon Yusen KK |
|
|
114,233 |
|
|
|
|
|
|
||
|
|
|
|
|
615,916 |
|
|
|
|
|
|
||
|
|
Metals & Mining0.4% |
|
|
|
|
4,300 |
|
JFE Holdings, Inc. |
|
|
141,541 |
|
43,000 |
|
Nippon Steel Corp. |
|
|
148,452 |
|
56,000 |
|
Sumitomo Metal Industries Ltd. |
|
|
139,578 |
|
|
|
|
|
|
||
|
|
|
|
|
429,571 |
|
|
|
|
|
|
|
|
Nicholas-Applegate Global Equity & Convertible Income Fund Schedule of Investments |
|
May 31, 2010 (unaudited) |
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
Value* |
|
|
|
||||||
|
|
Pharmaceuticals0.2% |
|
|
|
|
6,000 |
|
Chugai Pharmaceutical Co., Ltd. |
|
|
$103,673 |
|
3,300 |
|
Daiichi Sankyo Co., Ltd. |
|
|
57,214 |
|
|
|
|
|
|
||
|
|
|
|
|
160,887 |
|
|
|
|
|
|
||
|
|
Real Estate Management & Development0.1% |
|
|
|
|
2,000 |
|
Daito Trust Construction Co., Ltd. |
|
|
100,467 |
|
|
|
|
|
|
||
|
|
Road & Rail0.1% |
|
|
|
|
1,700 |
|
East Japan Railway Co. |
|
|
107,944 |
|
|
|
|
|
|
||
|
|
Software0.1% |
|
|
|
|
300 |
|
Nintendo Co., Ltd. |
|
|
87,199 |
|
|
|
|
|
|
||
|
|
Specialty Retail0.1% |
|
|
|
|
3,000 |
|
Aoyama Trading Co., Ltd. |
|
|
50,805 |
|
|
|
|
|
|
||
|
|
Tobacco0.1% |
|
|
|
|
16 |
|
Japan Tobacco, Inc. |
|
|
50,177 |
|
|
|
|
|
|
||
|
|
Trading Companies & Distribution1.5% |
|
|
|
|
54,000 |
|
ITOCHU Corp. |
|
|
444,610 |
|
70,000 |
|
Marubeni Corp. |
|
|
391,241 |
|
26,000 |
|
Mitsui & Co., Ltd. |
|
|
372,578 |
|
36,900 |
|
Sumitomo Corp. |
|
|
400,187 |
|
|
|
|
|
|
||
|
|
|
|
|
1,608,616 |
|
|
|
|
|
|
||
|
|
Wireless Telecommunication Services0.2% |
|
|
|
|
50 |
|
KDDI Corp. |
|
|
228,240 |
|
|
|
|
|
|
||
Netherlands0.1% |
|
|
|
|
||
|
|
Diversified Financial Services0.1% |
|
|
|
|
14,541 |
|
ING Groep NV (a) |
|
|
114,117 |
|
|
|
|
|
|
||
New Zealand0.1% |
|
|
|
|
||
|
|
Construction Materials0.1% |
|
|
|
|
27,259 |
|
Fletcher Building Ltd. |
|
|
149,556 |
|
|
|
|
|
|
||
Norway0.3% |
|
|
|
|
||
|
|
Chemicals0.3% |
|
|
|
|
10,500 |
|
Yara International ASA |
|
|
310,213 |
|
|
|
|
|
|
||
|
|
Energy Equipment & Services0.0% |
|
|
|
|
3,400 |
|
TGS Nopec Geophysical Co. ASA (a) |
|
|
46,320 |
|
|
|
|
|
|
||
Singapore1.1% |
|
|
|
|
||
|
|
Airlines0.4% |
|
|
|
|
40,000 |
|
Singapore Airlines Ltd. |
|
|
405,499 |
|
|
|
|
|
|
||
|
|
Commercial Banks0.2% |
|
|
|
|
36,000 |
|
Oversea-Chinese Banking Corp. |
|
|
215,169 |
|
|
|
|
|
|
||
|
|
Distributors0.2% |
|
|
|
|
9,000 |
|
Jardine Cycle & Carriage Ltd. |
|
|
178,711 |
|
|
|
|
|
|
||
|
|
Electronic Equipment, Instruments0.1% |
|
|
|
|
26,000 |
|
Venture Corp. Ltd. |
|
|
156,084 |
|
|
|
|
|
|
||
|
|
Real Estate Management & Development0.1% |
|
|
|
|
71,000 |
|
Wing Tai Holdings Ltd. |
|
|
77,128 |
|
|
|
|
|
|
||
|
|
Transportation Infrastructure0.1% |
|
|
|
|
29,200 |
|
Singapore Airport Terminal Services Ltd. |
|
|
55,910 |
|
|
|
|
|
|
||
Spain1.2% |
|
|
|
|
||
|
|
Construction & Engineering0.4% |
|
|
|
|
9,221 |
|
ACS Actividades de Construccion y Servicios S.A. |
|
|
341,982 |
|
2,822 |
|
Sacyr Vallehermoso S.A. (a) |
|
|
15,054 |
|
|
|
|
|
|
||
|
|
|
|
|
357,036 |
|
|
|
|
|
|
||
|
|
Diversified Telecommunication0.8% |
|
|
|
|
45,274 |
|
Telefonica S.A. |
|
|
863,809 |
|
|
|
|
|
|
||
Sweden1.5% |
|
|
|
|
||
|
|
Commercial Banks0.2% |
|
|
|
|
19,000 |
|
Nordea Bank AB |
|
|
155,012 |
|
4,200 |
|
Swedbank AB (a) |
|
|
37,206 |
|
|
|
|
|
|
||
|
|
|
|
|
192,218 |
|
|
|
|
|
|
||
|
|
Household Durables0.1% |
|
|
|
|
5,400 |
|
Electrolux AB |
|
|
119,520 |
|
|
|
|
|
|
||
|
|
Machinery0.5% |
|
|
|
|
20,200 |
|
Sandvik AB |
|
|
236,207 |
|
16,000 |
|
Trelleborg ABCl. B |
|
|
95,012 |
|
14,200 |
|
Volvo ABCl. B (a) |
|
|
146,598 |
|
|
|
|
|
|
||
|
|
|
|
|
477,817 |
|
|
|
|
|
|
||
|
|
Specialty Retail0.7% |
|
|
|
|
13,200 |
|
Hennes & Mauritz ABCl. B |
|
|
739,845 |
|
|
|
|
|
|
||
Switzerland1.2% |
|
|
|
|
||
|
|
Biotechnology0.2% |
|
|
|
|
5,878 |
|
Actelion Ltd. (a) |
|
|
212,473 |
|
|
|
|
|
|
||
|
|
Capital Markets0.1% |
|
|
|
|
2,773 |
|
Credit Suisse Group AG |
|
|
107,193 |
|
|
|
|
|
|
||
|
|
Insurance0.7% |
|
|
|
|
3,450 |
|
Zurich Financial Services AG (b) |
|
|
702,046 |
|
|
|
|
|
|
||
|
|
Textiles, Apparel & Luxury Goods0.2% |
|
|
|
|
656 |
|
Swatch Group AG |
|
|
170,798 |
|
|
|
|
|
|
||
United Kingdom7.0% |
|
|
|
|
||
|
|
Aerospace & Defense0.1% |
|
|
|
|
11,929 |
|
BAE Systems PLC |
|
|
55,297 |
|
|
|
|
|
|
||
|
|
Capital Markets0.1% |
|
|
|
|
17,856 |
|
3i Group PLC |
|
|
73,095 |
|
|
|
|
|
|
|
|
Nicholas-Applegate Global Equity & Convertible Income Fund Schedule of Investments |
|
May 31, 2010 (unaudited) |
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
Value* |
|
|
|
||||||||
|
|
Commercial Banks 0.5% |
|
|
|
|
|
|
50,729 |
|
Barclays PLC |
|
|
|
|
$221,241 |
|
18,343 |
|
Lloyds TSB Group PLC (a) |
|
|
|
|
14,835 |
|
51,937 |
|
Royal Bank of Scotland Group PLC (a) |
|
|
|
|
34,609 |
|
9,470 |
|
Standard Chartered PLC |
|
|
|
|
222,744 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
493,429 |
|
|
|
|
|
|
|
|
||
|
|
Commercial Services & Supplies 0.2% |
|
|
|
|
|
|
13,579 |
|
Aggreko PLC |
|
|
|
|
246,710 |
|
|
|
|
|
|
|
|
||
|
|
Food & Staples Retailing 0.3% |
|
|
|
|
|
|
92,742 |
|
WM Morrison Supermarkets PLC (b) |
|
|
|
|
352,607 |
|
|
|
|
|
|
|
|
||
|
|
Industrial Conglomerates 0.1% |
|
|
|
|
|
|
4,961 |
|
Cookson Group PLC (a) |
|
|
|
|
33,863 |
|
4,730 |
|
Smiths Group PLC |
|
|
|
|
70,203 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
104,066 |
|
|
|
|
|
|
|
|
||
|
|
Insurance 0.5% |
|
|
|
|
|
|
253,484 |
|
Old Mutual PLC |
|
|
|
|
415,208 |
|
45,432 |
|
Standard Life PLC |
|
|
|
|
118,423 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
533,631 |
|
|
|
|
|
|
|
|
||
|
|
Machinery 0.2% |
|
|
|
|
|
|
17,900 |
|
Charter International PLC |
|
|
|
|
179,319 |
|
|
|
|
|
|
|
|
||
|
|
Metals & Mining 1.5% |
|
|
|
|
|
|
6,416 |
|
Anglo American PLC (a) |
|
|
|
|
244,808 |
|
36,554 |
|
BHP Billiton PLC (b) |
|
|
|
|
999,246 |
|
5,372 |
|
Rio Tinto PLC |
|
|
|
|
246,486 |
|
4,527 |
|
Xstrata PLC |
|
|
|
|
65,707 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
1,556,247 |
|
|
|
|
|
|
|
|
||
|
|
Multiline Retail 0.8% |
|
|
|
|
|
|
26,858 |
|
Marks & Spencer Group PLC |
|
|
|
|
136,471 |
|
21,928 |
|
Next PLC |
|
|
|
|
655,370 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
791,841 |
|
|
|
|
|
|
|
|
||
|
|
Oil, Gas & Consumable Fuels 1.8% |
|
|
|
|
|
|
16,993 |
|
BG Group PLC |
|
|
|
|
258,650 |
|
|
|
Royal Dutch Shell PLC, |
|
|
|
|
|
|
16,201 |
|
Class A |
|
|
|
|
424,948 |
|
45,399 |
|
Class B (a)(b) |
|
|
|
|
1,142,117 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
1,825,715 |
|
|
|
|
|
|
|
|
||
|
|
Professional Services 0.1% |
|
|
|
|
|
|
14,108 |
|
Michael Page International PLC |
|
|
|
|
75,347 |
|
|
|
|
|
|
|
|
||
|
|
Specialty Retail 0.1% |
|
|
|
|
|
|
72,326 |
|
Galiform PLC (a) |
|
|
|
|
74,447 |
|
16,621 |
|
Game Group PLC |
|
|
|
|
21,988 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
96,435 |
|
|
|
|
|
|
|
|
||
|
|
Tobacco 0.4% |
|
|
|
|
|
|
14,650 |
|
British American Tobacco PLC (b) |
|
|
|
|
430,046 |
|
|
|
|
|
|
|
|
||
|
|
Wireless Telecommunication Services 0.3% |
|
|
|
|
|
|
165,068 |
|
Vodafone Group PLC |
|
|
|
|
326,900 |
|
|
|
|
|
|
|
|
||
United States 47.2% |
|
|
|
|
|
|
||
|
|
Aerospace & Defense 0.8% |
|
|
|
|
|
|
10,300 |
|
L-3 Communications Holdings, Inc. |
|
|
|
|
851,089 |
|
|
|
|
|
|
|
|
||
|
|
Auto Components 0.9% |
|
|
|
|
|
|
31,200 |
|
Johnson Controls, Inc. |
|
|
|
|
890,136 |
|
|
|
|
|
|
|
|
||
|
|
Automobiles 1.1% |
|
|
|
|
|
|
101,700 |
|
Ford Motor Co. (a) |
|
|
|
|
1,192,941 |
|
|
|
|
|
|
|
|
||
|
|
Beverages 2.1% |
|
|
|
|
|
|
20,100 |
|
Coca-Cola Co. |
|
|
|
|
1,033,140 |
|
15,600 |
|
Molson Coors Brewing Co.Cl. B |
|
|
|
|
640,224 |
|
7,600 |
|
PepsiCo, Inc. |
|
|
|
|
477,964 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
2,151,328 |
|
|
|
|
|
|
|
|
||
|
|
Biotechnology 0.8% |
|
|
|
|
|
|
22,800 |
|
Gilead Sciences, Inc. (a) |
|
|
|
|
818,976 |
|
|
|
|
|
|
|
|
||
|
|
Capital Markets 1.0% |
|
|
|
|
|
|
31,248 |
|
Lazard Ltd.Cl. A |
|
|
|
|
985,562 |
|
|
|
|
|
|
|
|
||
|
|
Communications Equipment 3.5% |
|
|
|
|
|
|
5,266 |
|
Aviat Networks, Inc. (a) |
|
|
|
|
23,223 |
|
44,800 |
|
Cisco Systems, Inc. (a) |
|
|
|
|
1,037,568 |
|
5,984 |
|
EchoStar Corp.Cl. A (a) |
|
|
|
|
125,844 |
|
21,200 |
|
Harris Corp. |
|
|
|
|
994,492 |
|
34,200 |
|
Juniper Networks, Inc. (a) |
|
|
|
|
910,404 |
|
17,000 |
|
Qualcomm, Inc. |
|
|
|
|
604,520 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
3,696,051 |
|
|
|
|
|
|
|
|
||
|
|
Computers & Peripherals 3.4% |
|
|
|
|
|
|
5,200 |
|
Apple, Inc. (a)(b) |
|
|
|
|
1,337,232 |
|
65,600 |
|
EMC Corp. (a) |
|
|
|
|
1,221,472 |
|
7,500 |
|
International Business Machines Corp. |
|
|
|
|
939,450 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
3,498,154 |
|
|
|
|
|
|
|
|
||
|
|
Diversified Financial Services 0.9% |
|
|
|
|
|
|
24,837 |
|
JP Morgan Chase & Co. |
|
|
|
|
983,048 |
|
|
|
|
|
|
|
|
||
|
|
Diversified Telecommunication Services 0.7% |
|
|
|
|
|
|
28,200 |
|
Verizon Communications, Inc. |
|
|
|
|
776,064 |
|
|
|
|
|
|
|
|
||
|
|
Electric Utilities 1.0% |
|
|
|
|
|
|
13,855 |
|
Entergy Corp. |
|
|
|
|
1,040,095 |
|
|
|
|
|
|
|
|
||
|
|
Electronic Equipment, Instruments & Components 0.6% |
|
|
|
|
|
|
14,000 |
|
Amphenol Corp.Cl. A |
|
|
|
|
593,600 |
|
|
|
|
|
|
|
|
|
|
Nicholas-Applegate Global Equity & Convertible Income Fund Schedule of Investments |
|
May 31, 2010 (unaudited) |
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
Value* |
|
|
|
||||||||
|
|
Energy Equipment & Services 2.2% |
|
|
|
|
|
|
9,700 |
|
Diamond Offshore Drilling, Inc. |
|
|
|
|
$612,070 |
|
11,600 |
|
National Oilwell Varco, Inc. |
|
|
|
|
442,308 |
|
21,700 |
|
Schlumberger Ltd. |
|
|
|
|
1,218,455 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
2,272,833 |
|
|
|
|
|
|
|
|
||
|
|
Food Products 0.5% |
|
|
|
|
|
|
20,500 |
|
Archer-Daniels-Midland Co. |
|
|
|
|
518,035 |
|
|
|
|
|
|
|
|
||
|
|
Health Care Equipment & Supplies 1.8% |
|
|
|
|
|
|
15,600 |
|
Baxter International, Inc. |
|
|
|
|
658,788 |
|
3,680 |
|
Intuitive Surgical, Inc. (a) |
|
|
|
|
1,187,794 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
1,846,582 |
|
|
|
|
|
|
|
|
||
|
|
Health Care Providers & Services 2.8% |
|
|
|
|
|
|
23,000 |
|
CIGNA Corp. |
|
|
|
|
769,810 |
|
17,900 |
|
McKesson Corp. (b) |
|
|
|
|
1,253,000 |
|
14,600 |
|
Medco Health Solutions, Inc. (a) |
|
|
|
|
841,690 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
2,864,500 |
|
|
|
|
|
|
|
|
||
|
|
Hotels, Restaurants & Leisure 1.0% |
|
|
|
|
|
|
15,000 |
|
McDonalds Corp. |
|
|
|
|
1,003,050 |
|
|
|
|
|
|
|
|
||
|
|
Household Durables 0.4% |
|
|
|
|
|
|
7,690 |
|
Stanley Black & Decker, Inc. |
|
|
|
|
429,025 |
|
|
|
|
|
|
|
|
||
|
|
Household Products 1.0% |
|
|
|
|
|
|
16,500 |
|
Procter & Gamble Co. |
|
|
|
|
1,007,985 |
|
|
|
|
|
|
|
|
||
|
|
Independent Power Producers & Energy Traders 1.3% |
|
|
|
|
|
|
12,500 |
|
Constellation Energy Group, Inc. |
|
|
|
|
442,250 |
|
38,461 |
|
NRG Energy, Inc. (a) |
|
|
|
|
898,064 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
1,340,314 |
|
|
|
|
|
|
|
|
||
|
|
Industrial Conglomerates 1.9% |
|
|
|
|
|
|
62,026 |
|
General Electric Co. |
|
|
|
|
1,014,125 |
|
45,800 |
|
Textron, Inc. |
|
|
|
|
946,686 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
1,960,811 |
|
|
|
|
|
|
|
|
||
|
|
Insurance 2.4% |
|
|
|
|
|
|
46,000 |
|
Genworth Financial, Inc.Cl. A (a) |
|
|
|
|
717,140 |
|
11,760 |
|
MetLife, Inc. |
|
|
|
|
476,162 |
|
17,000 |
|
Prudential Financial, Inc. |
|
|
|
|
981,071 |
|
19,230 |
|
XL Capital Ltd.Cl. A |
|
|
|
|
338,640 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
2,513,013 |
|
|
|
|
|
|
|
|
||
|
|
Internet Software & Services 0.9% |
|
|
|
|
|
|
2,000 |
|
Google, Inc.Cl. A (a) |
|
|
|
|
970,360 |
|
|
|
|
|
|
|
|
||
|
|
Machinery 2.2% |
|
|
|
|
|
|
18,700 |
|
AGCO Corp. (a) |
|
|
|
|
537,999 |
|
14,200 |
|
Deere & Co. |
|
|
|
|
819,056 |
|
18,600 |
|
Joy Global, Inc. |
|
|
|
|
948,600 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
2,305,655 |
|
|
|
|
|
|
|
|
||
|
|
Media 0.6% |
|
|
|
|
|
|
29,919 |
|
DISH Network Corp.Cl. A |
|
|
|
|
623,811 |
|
|
|
|
|
|
|
|
||
|
|
Metals & Mining 1.2% |
|
|
|
|
|
|
17,550 |
|
Freeport-McMoRan Copper & Gold, Inc. |
|
|
|
|
1,229,378 |
|
|
|
|
|
|
|
|
||
|
|
Multiline Retail 1.0% |
|
|
|
|
|
|
19,500 |
|
Target Corp. |
|
|
|
|
1,063,335 |
|
|
|
|
|
|
|
|
||
|
|
Oil, Gas & Consumable Fuels 1.7% |
|
|
|
|
|
|
5,500 |
|
Occidental Petroleum Corp. |
|
|
|
|
453,805 |
|
23,900 |
|
Peabody Energy Corp. |
|
|
|
|
931,144 |
|
18,800 |
|
Valero Energy Corp. |
|
|
|
|
351,184 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
1,736,133 |
|
|
|
|
|
|
|
|
||
|
|
Pharmaceuticals 3.4% |
|
|
|
|
|
|
16,000 |
|
Abbott Laboratories |
|
|
|
|
760,960 |
|
43,300 |
|
Bristol-Myers Squibb Co. |
|
|
|
|
1,004,993 |
|
18,224 |
|
Johnson & Johnson |
|
|
|
|
1,062,459 |
|
21,200 |
|
Merck & Co., Inc. |
|
|
|
|
714,228 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
3,542,640 |
|
|
|
|
|
|
|
|
||
|
|
Semiconductors & Semiconductor Equipment 1.8% |
|
|
|
|
|
|
48,000 |
|
Intel Corp. |
|
|
|
|
1,028,160 |
|
33,900 |
|
Texas Instruments, Inc. |
|
|
|
|
827,838 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
1,855,998 |
|
|
|
|
|
|
|
|
||
|
|
Software 2.3% |
|
|
|
|
|
|
44,500 |
|
Microsoft Corp. |
|
|
|
|
1,148,100 |
|
53,000 |
|
Oracle Corp. |
|
|
|
|
1,196,210 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
2,344,310 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$130,181,023) |
|
|
|
|
79,751,859 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
|
|
Credit Rating
|
|
|
|
|
|
||||||||
CONVERTIBLE PREFERRED STOCK13.9% |
|
|
|
|
|
|
||
|
|
Airlines 0.1% |
|
|
|
|
|
|
2 |
|
Continental Airlines Finance Trust II, 6.00%, 11/15/30 |
|
Caa1/CCC |
|
|
66,275 |
|
|
|
|
|
|
|
|
||
|
|
Automobiles 0.4% |
|
|
|
|
|
|
60 |
|
General Motors Corp., 6.25%, 7/15/33, Ser. C (a) |
|
WR/NR |
|
|
435,000 |
|
|
|
|
|
|
|
|
||
|
|
Banks 0.2% |
|
|
|
|
|
|
4 |
|
Barclays Bank PLC, 10.00%, 3/15/11 (Teva Pharmaceuticals Industries Ltd.) (d) |
|
A1/A+ |
|
|
218,868 |
|
|
|
|
|
|
|
|
||
|
|
Capital Markets 0.3% |
|
|
|
|
|
|
|
|
Lehman Brothers Holdings, Inc. (c)(d)(e), |
|
|
|
|
|
|
42 |
|
6.00%, 10/12/10, Ser. GIS (General Mills, Inc.) |
|
WR/NR |
|
|
135,833 |
|
9 |
|
28.00%, 3/6/09, Ser. RIG (Transocean, Inc.) |
|
WR/NR |
|
|
126,771 |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
262,604 |
|
|
|
|
|
|
|
|
|
|
Nicholas-Applegate Global Equity & Convertible Income Fund Schedule of Investments |
|
May 31, 2010 (unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
Credit Rating |
|
|
|||
(000s) |
|
|
|
(Moodys/S&P) |
|
Value* |
|
||
|
|||||||||
|
|
|
Commercial Banks 0.4% |
|
|
|
|
|
|
|
2 |
|
Fifth Third Bancorp, 8.50%, 6/30/13, Ser. G (f) |
|
Ba1/BB |
|
|
$224,400 |
|
|
|
(j) |
Wells Fargo & Co., 7.50%, 3/15/13, Ser. L (f) |
|
Ba1/A- |
|
|
235,000 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
459,400 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Commercial Services & Supplies 1.2% |
|
|
|
|
|
|
|
9 |
|
Avery Dennison Corp., 7.875%, 11/15/20 |
|
NR/BB+ |
|
|
345,510 |
|
|
29 |
|
United Rentals, Inc., 6.50%, 8/1/28 |
|
Caa2/CCC |
|
|
937,063 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
1,282,573 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Consumer Finance 0.4% |
|
|
|
|
|
|
|
1 |
|
SLM Corp., 7.25%, 12/15/10 |
|
Ba3/BB- |
|
|
392,533 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Diversified Financial Services 1.9% |
|
|
|
|
|
|
|
5 |
|
AMG Capital Trust I, 5.10%, 4/15/36 |
|
NR/BB |
|
|
200,100 |
|
|
|
|
Bank of America Corp., |
|
|
|
|
|
|
|
1 |
|
7.25%, 1/30/13, Ser. L (f) |
|
Ba3/BB |
|
|
462,504 |
|
|
7 |
|
10.00%, 2/24/11, Ser. SLB (Schlumberger Ltd.) (d) |
|
A2/A |
|
|
414,222 |
|
|
4 |
|
Citigroup, Inc., 7.50%, 12/15/12 |
|
NR/NR |
|
|
502,488 |
|
|
26 |
|
JP Morgan Chase & Co., |
|
|
|
|
|
|
|
|
|
10.00%, 1/20/11, Ser. SYMC (Symantec Corp.) (d) |
|
Aa3/A |
|
|
404,404 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
1,983,718 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Food Products 0.8% |
|
|
|
|
|
|
|
10 |
|
Bunge Ltd., 4.875%, 12/1/11 (f) |
|
Ba1/BB |
|
|
800,000 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Household Durables 0.1% |
|
|
|
|
|
|
|
4 |
|
Newell Financial Trust I, 5.25%, 12/1/27 (f) |
|
WR/BB |
|
|
148,500 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Insurance 0.9% |
|
|
|
|
|
|
|
22 |
|
American International Group, Inc., 8.50%, 8/1/11 |
|
Ba2/NR |
|
|
200,380 |
|
|
5 |
|
Assured Guaranty Ltd., 8.50%, 6/1/12 |
|
NR/NR |
|
|
369,200 |
|
|
14 |
|
XL Capital Ltd., 10.75%, 8/15/11 |
|
Baa2/BBB- |
|
|
370,037 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
939,617 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Metals & Mining0.8% |
|
|
|
|
|
|
|
17 |
|
Vale Capital Ltd., 5.50%, 6/15/10, Ser. RIO (Compania Vale do Rio Doce) (d) |
|
NR/NR |
|
|
869,209 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Multi-Utilities 1.3% |
|
|
|
|
|
|
|
30 |
|
AES Trust III, 6.75%, 10/15/29 |
|
B3/B |
|
|
1,290,000 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Oil, Gas & Consumable Fuels 0.9% |
|
|
|
|
|
|
|
5 |
|
ATP Oil & Gas Corp., 8.00%, 10/1/14 (f)(g)(h) |
|
NR/NR |
|
|
347,800 |
|
|
7 |
|
Chesapeake Energy Corp., 5.00%, 11/15/10 (f) |
|
NR/B |
|
|
525,113 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
872,913 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Pharmaceuticals 1.6% |
|
|
|
|
|
|
|
5 |
|
Merck & Co., Inc., 6.00%, 8/13/10 |
|
A2/A- |
|
|
1,177,524 |
|
|
|
(j) |
Mylan, Inc., 6.50%, 11/15/10 |
|
NR/B |
|
|
441,672 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
1,619,196 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Real Estate Investment Trust 1.4% |
|
|
|
|
|
|
|
11 |
|
Alexandria Real Estate Equities, Inc., 7.00%, 4/20/13 (f) |
|
NR/NR |
|
|
240,643 |
|
|
60 |
|
FelCor Lodging Trust, Inc., 1.95%, 12/31/49, Ser. A (a) |
|
Caa3/C |
|
|
1,230,000 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
1,470,643 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Wireless Telecommunication Services 1.2% |
|
|
|
|
|
|
|
23 |
|
Crown Castle International Corp., 6.25%, 8/15/12 |
|
NR/NR |
|
|
1,255,516 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Convertible Preferred Stock (cost-$21,546,971) |
|
|
|
|
14,366,565 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
Principal |
|
|
|
|
|
|
|
|
|
Amount |
|
|
|
|
|
|
|
|
|
(000s) |
|
|
|
|
|
|
|
|
|
|
|||||||||
CONVERTIBLE BONDS & NOTES7.6% |
|
|
|
|
|
|
|||
|
|
|
Auto Components 0.4% |
|
|
|
|
|
|
|
$325 |
|
BorgWarner, Inc., 3.50%, 4/15/12 |
|
NR/BBB |
|
|
419,250 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Commercial Services & Supplies 0.6% |
|
|
|
|
|
|
|
650 |
|
Bowne & Co., Inc., 6.00%, 10/1/33 (i) |
|
B3/CCC+ |
|
|
644,312 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Electrical Equipment 1.0% |
|
|
|
|
|
|
|
400 |
|
EnerSys, 3.375%, 6/1/38 (i) |
|
B2/BB |
|
|
362,500 |
|
|
785 |
|
JA Solar Holdings Co., Ltd., 4.50%, 5/15/13 |
|
NR/NR |
|
|
665,287 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
1,027,787 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Energy Equipment & Services 0.3% |
|
|
|
|
|
|
|
375 |
|
Hornbeck Offshore Services, Inc., 1.625%, 11/15/26 (i) |
|
NR/BB- |
|
|
298,125 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Household Durables 0.5% |
|
|
|
|
|
|
|
475 |
|
Stanley Black & Decker, Inc., zero coupon, 5/17/12, VRN |
|
Baa1/A- |
|
|
503,928 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Internet Software & Services 0.3% |
|
|
|
|
|
|
|
275 |
|
VeriSign, Inc., 3.25%, 8/15/37 |
|
NR/NR |
|
|
258,500 |
|
|
|
|
|
|
|
|
|
||
|
|
|
IT Services 0.5% |
|
|
|
|
|
|
|
475 |
|
Alliance Data Systems Corp., 1.75%, 8/1/13 |
|
NR/NR |
|
|
499,344 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Machinery 0.3% |
|
|
|
|
|
|
|
250 |
|
Titan International, Inc., 5.625%, 1/15/17 (g)(h) |
|
NR/NR |
|
|
311,875 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Media 0.7% |
|
|
|
|
|
|
|
310 |
|
Liberty Media LLC, 3.125%, 3/30/23 |
|
B1/BB- |
|
|
328,988 |
|
|
400 |
|
Regal Entertainment Group, 6.25%, 3/15/11 (g)(h) |
|
NR/NR |
|
|
409,500 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
738,488 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Multi-Utilities 1.1% |
|
|
|
|
|
|
|
425 |
|
PG&E Corp., 9.50%, 6/30/10 |
|
NR/NR |
|
|
1,171,406 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Pharmaceuticals 0.5% |
|
|
|
|
|
|
|
450 |
|
Biovail Corp., 5.375%, 8/1/14 (g)(h) |
|
NR/NR |
|
|
537,750 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Real Estate Investment Trust 0.4% |
|
|
|
|
|
|
|
400 |
|
Health Care REIT, Inc., 4.75%, 12/1/26 |
|
Baa2/BBB- |
|
|
428,500 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Semiconductors & Semiconductor Equipment 0.5% |
|
|
|
|
|
|
|
600 |
|
Micron Technology, Inc., 1.875%, 6/1/14 |
|
NR/B |
|
|
540,000 |
|
|
|
|
|
|
|
|
|
||
|
|
|
Software 0.3% |
|
|
|
|
|
|
|
250 |
|
Rovi Corp., 2.625%, 2/15/40 (g)(h) |
|
NR/NR |
|
|
253,750 |
|
|
|
|
|
|
|
|
|
|
|
Nicholas-Applegate Global Equity & Convertible Income Fund Schedule of Investments |
|
May 31, 2010 (unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
Principal |
|
|
|
|
|
|
|
|
|
Amount |
|
|
|
Credit Rating |
|
|
|
|
|
(000s) |
|
|
|
(Moodys/S&P) |
|
|
Value* |
|
|
|
|||||||||
CONVERTIBLE BONDS & NOTES(continued) |
|
|
|
|
|
|
|||
|
|
|
Thrifts & Mortgage Finance 0.2% |
|
|
|
|
|
|
|
$200 |
|
MGIC Investment Corp., 5.00%, 5/1/17 |
|
NR/CCC+ |
|
|
$207,750 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Convertible Bonds & Notes (cost-$8,509,050) |
|
|
|
|
7,840,765 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
|
|
|
|
|||||||||
WARRANTS (a) 0.0% |
|
|
|
|
|
|
|||
|
|
|
Electronic Equipment, Instruments 0.0% |
|
|
|
|
|
|
|
3,050 |
|
Kingboard Chemical Holdings Ltd., expires 10/31/12 (cost-$361) |
|
|
|
|
1,332 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
Principal |
|
|
|
|
|
|
|
|
|
Amount |
|
|
|
|
|
|
|
|
|
(000s) |
|
|
|
|
|
|
|
|
|
|
|||||||||
SHORT-TERM INVESTMENT 1.3% |
|
|
|
|
|
|
|||
|
|
|
Time Deposit 1.3% |
|
|
|
|
|
|
|
$1,345 |
|
Citibank - London, 0.03%, 6/1/10 (cost-$1,345,041) |
|
|
|
|
1,345,041 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments before options written (cost-$161,582,446) 99.8% |
|
|
|
|
103,305,562 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
Contracts |
|
|
|
|
|
|
|
|
|
|
|||||||||
OPTIONS WRITTEN (a) (0.0)% |
|
|
|
|
|
|
|||
|
|
|
Call Options(0.0)% |
|
|
|
|
|
|
|
35 |
|
Apple, Inc., strike price $280, expires 6/19/10 |
|
|
|
|
(5,145) |
|
|
125 |
|
McKesson Corp., strike price $72.50, expires 6/19/10 |
|
|
|
|
(8,125) |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Options Written (premiums received-$10,905) |
|
|
|
|
(13,270) |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments net of options written |
|
|
|
|
|
|
|
|
|
(cost-$161,571,541) (k) 99.8% |
|
|
|
|
103,292,292 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less other liabilities0.2% |
|
|
|
|
250,392 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
|
|
$103,542,684 |
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
|
|
|
|
* |
Portfolio securities and other financial instruments for which market quotations are readily available are stated at market value. Market value is generally determined on the basis of last reported sales prices, or if no sales are reported, on the basis of quotes obtained from a quotation reporting system, established market makers, or independent pricing services. |
|
|
|
|
|
Portfolio securities and other financial instruments for which market quotations are not readily available or for which a development/event occurs that may significantly impact the value of a security, are fair-valued, in good faith, pursuant to procedures established by the Board of Trustees, or persons acting at their discretion pursuant to procedures approved by the Board of Trustees. The Funds investments are valued daily using prices supplied by an independent pricing service or dealer quotations, or by using the last sale price on the exchange that is the primary market for such securities, or the mean between the last quoted bid and ask 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. Independent pricing services use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Synthetic convertible securities are valued based on quotations obtained from unaffiliated brokers who are the principal market-makers in such securities. Such valuations are derived by the brokers from proprietary models which are generally based on readily available market information including valuations of the common stock underlying the synthetic security. Short-term securities 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. |
|
|
|
|
|
Investments initially valued in currencies other than U.S. dollar are converted to the U.S. dollar using exchange rates obtained from pricing services. As a result, the net asset value (NAV) of the Funds shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the New York Stock Exchange (NYSE) is closed. |
|
|
|
|
|
The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold and these differences would be material. The Funds NAV is normally determined as of the close of regular trading (normally 4:00 p.m. Eastern time on the NYSE on each day the NYSE is open for business. |
|
|
|
|
|
The prices of certain portfolio securities or financial instruments may be determined at a time prior to the close of regular trading on the NYSE. When fair valuing securities, the Fund may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indices) that occur after the close of the relevant market and before the time of the Funds NAV is calculated. With respect to certain foreign securities, the Fund may fair-value securities using modeling tools provided by third-party vendors. The Fund has retained a statistical research service to assist in the determining the fair value of foreign securities. This service utilizes statistics and programs based on historical performance of markets and other economic data to assist in making fair value estimates. Fair value estimates used by the Fund for foreign securities may differ from the value realized from the sale of those securities and the difference could be material. Fair value pricing may require subjective determinations about the value of a security or other assets, and fair values used to determine the Funds NAV may differ from quoted or published prices, or from prices that are used by others, for the same investments. In addition, the use of fair value pricing may not always result in adjustments to the prices of securities or other assets held by the Fund. |
|
||
(a) |
Non-income producing. |
|
(b) |
All or partial amount segregated as collateral for options written. |
|
(c) |
Fair-ValuedSecurities with an aggregate value of $262,860, representing 0.3% of net assets. |
|
(d) |
Securities exchangeable or convertible into securities of an entity different than the issuer or structured by the issuer to provide exposure to securities of an entity different than the issuer. Such entity is identified in the paranthetical. |
|
(e) |
In default. |
|
(f) |
Perpetual maturity. Maturity date shown is the first call date. |
|
(g) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate market value of $1,860,675, representing 1.8% of net assets. |
|
(h) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid. |
|
(i) |
Step BondCoupon is a fixed rate for an initial period then resets at a specific date and rate. |
|
(j) |
Less than 500 shares. |
|
(k) |
Securities with an aggregate value of $30,294,421, representing 29.3% of net assets, were valued utilizing modeling tools provided by a third-party vendor. |
|
|
|
|
|
|
|
Glossary: |
||
NR Not Rated |
||
REIT Real Estate Investment Trust |
||
VRN Variable Rate Note. Instruments whose interest rate 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 May 31, 2010. |
||
WR Withdrawn Rating |
|
|
Nicholas-Applegate Global Equity & Convertible Income Fund Schedule of Investments |
|
May 31, 2010 (unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
Contracts |
|
|
Premiums |
|
||
|
|
|
||||||
Options outstanding, August 31, 2009 |
|
|
92,365 |
|
|
$ |
328,562 |
|
Options written |
|
|
539,360 |
|
|
|
1,585,668 |
|
Options terminated in closing purchase transactions |
|
|
(198,085 |
) |
|
|
(444,628 |
) |
Options expired |
|
|
(433,480 |
) |
|
|
(1,458,697 |
) |
|
|
|
||||||
Options outstanding, May 31, 2010 |
|
|
160 |
|
|
$ |
10,905 |
|
|
|
|
|
|
Level 1 quoted prices in active markets for identical investments that the Fund has the ability to access |
|
Level 2 valuations based on other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) or quotes from inactive exchanges |
|
Level 3 valuations based on significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments) |
An investment assets or liabilitys level within the fair value hierarchy is based on the lowest level input, individually or in the aggregate, that is significant to fair value measurement. The objective of fair value measurement remains the same even when there is a significant decrease in the volume and level of activity for an asset or liability and regardless of the valuation technique used.
The valuation techniques used by the Fund to measure fair value during the nine months ended May 31, 2010 maximized the use of observable inputs and minimized the use of unobservable inputs. When fair-valuing securities, the Fund utilized multi-dimensional relational pricing models and the estimation of the price that would have prevailed in a liquid market for international equities given information available at the time of evaluation.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The Funds policy is to recognize transfers between levels at the end of the reporting period.
A summary of the inputs used at May 31, 2010 in valuing the Funds assets and liabilities is listed below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1-
|
|
Level 2-
|
|
Level 3-
|
|
Value at
|
|
||||
Investments in Securities - Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Australia |
|
|
|
|
$ |
3,073,858 |
|
|
|
|
$ |
3,073,858 |
|
Austria |
|
|
|
|
|
109,925 |
|
|
|
|
|
109,925 |
|
Belgium |
|
|
|
|
|
154,644 |
|
|
|
|
|
154,644 |
|
China |
|
|
|
|
|
219,538 |
|
|
|
|
|
219,538 |
|
Denmark |
|
|
|
|
|
124,381 |
|
|
|
|
|
124,381 |
|
Finland |
|
|
|
|
|
236,209 |
|
|
|
|
|
236,209 |
|
France |
|
|
|
|
|
2,524,746 |
|
|
|
|
|
2,524,746 |
|
Germany |
|
|
|
|
|
2,275,045 |
|
|
|
|
|
2,275,045 |
|
Greece |
|
|
|
|
|
49,103 |
|
|
|
|
|
49,103 |
|
Hong Kong |
|
|
|
|
|
2,227,851 |
|
|
|
|
|
2,227,851 |
|
Ireland |
|
|
|
|
|
23,113 |
|
$ |
256 |
|
|
23,369 |
|
Italy |
|
|
|
|
|
657,991 |
|
|
|
|
|
657,991 |
|
Japan |
|
|
|
|
|
5,825,870 |
|
|
|
|
|
5,825,870 |
|
Netherlands |
|
|
|
|
|
114,117 |
|
|
|
|
|
114,117 |
|
New Zealand |
|
|
|
|
|
149,556 |
|
|
|
|
|
149,556 |
|
Norway |
|
|
|
|
|
356,533 |
|
|
|
|
|
356,533 |
|
Singapore |
|
|
|
|
|
1,088,501 |
|
|
|
|
|
1,088,501 |
|
Spain |
|
|
|
|
|
1,220,845 |
|
|
|
|
|
1,220,845 |
|
Sweden |
|
|
|
|
|
1,529,400 |
|
|
|
|
|
1,529,400 |
|
Switzerland |
|
|
|
|
|
1,192,510 |
|
|
|
|
|
1,192,510 |
|
United Kingdom |
|
|
|
|
|
7,140,685 |
|
|
|
|
|
7,140,685 |
|
All other |
|
$ |
49,457,182 |
|
|
|
|
|
|
|
|
49,457,182 |
|
Convertible Preferred Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Banks |
|
|
|
|
|
218,868 |
|
|
|
|
|
218,868 |
|
Capital Markets |
|
|
|
|
|
|
|
|
262,604 |
|
|
262,604 |
|
Diversified Financials |
|
|
1,165,092 |
|
|
818,626 |
|
|
|
|
|
1,983,718 |
|
All Other |
|
|
11,901,375 |
|
|
|
|
|
|
|
|
11,901,375 |
|
Convertible Bonds & Notes |
|
|
|
|
|
7,840,765 |
|
|
|
|
|
7,840,765 |
|
Warrants |
|
|
1,332 |
|
|
|
|
|
|
|
|
1,332 |
|
Short-Term Instrument |
|
|
|
|
|
1,345,041 |
|
|
|
|
|
1,345,041 |
|
Total Investments in Securities-Assets |
|
$ |
62,524,981 |
|
$ |
40,517,721 |
|
$ |
262,860 |
|
$ |
103,305,562 |
|
Investments in Securities - Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Written, at value |
|
|
(13,270 |
) |
|
|
|
|
|
|
|
(13,270 |
) |
Total Investments |
|
$ |
62,511,711 |
|
$ |
40,517,721 |
|
$ |
262,860 |
|
$ |
103,292,292 |
|
*There were no transfers into and out of Levels 1 and 2 during the nine months ended May 31, 2010.
|
|
Nicholas-Applegate Global Equity & Convertible Income Fund Schedule of Investments |
|
May 31, 2010 (unaudited) |
|
|
A roll forward of fair value measurements using significant unobservable inputs (Level 3) for the nine months ended May 31, 2010, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
Net Purchases
|
|
Accrued
|
|
Net
|
|
Net Change
|
|
Transfer into
|
|
Transfer out
|
|
Ending
|
|
||||||||
Investments in Securities - Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banks |
|
|
$ 298 |
|
|
|
|
|
|
|
|
|
|
|
($42 |
) |
|
|
|
|
|
|
|
$ 256 |
|
Convertible Preferred Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Markets |
|
|
262,604 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
262,604 |
|
Total Investments |
|
|
$262,902 |
|
|
|
|
|
|
|
|
|
|
|
($42 |
) |
|
|
|
|
|
|
|
$262,860 |
|
The net change in unrealized appreciation/depreciation of Level 3 investments which the Fund held at May 31, 2010 was $(42).
*There were no transfers into and out of Level 3 during the nine months ended May 31, 2010.
Item 2. Controls and Procedures
(a) The registrants President & Chief Executive Officer and Treasurer, Principal Financial & Accounting Officer have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a -3(c))), 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 registrants internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a -3(d))) that occurred during the registrants last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting.
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: Nicholas-Applegate Global Equity & Convertible Income Fund
|
By /s/ Brian S. Shlissel |
President & Chief Executive Officer |
|
Date: July 16, 2010 |
|
By /s/ Lawrence G. Altadonna |
Treasurer, Principal Financial & Accounting Officer |
|
Date: July 16, 2010 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
By /s/ Brian S. Shlissel |
President & Chief Executive Officer |
|
Date: July 16, 2010 |
|
By /s/ Lawrence G. Altadonna |
Treasurer, Principal Financial & Accounting Officer |
|
Date: July 16, 2010 |
1 Year Allianzgi Global Equity & Convertible Income Fund Chart |
1 Month Allianzgi Global Equity & Convertible Income Fund Chart |
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