c49892_nq.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
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  SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0578 
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number: 811-21734

Registrant Name: PIMCO Global StocksPLUS & Income Fund

Address of Principal Executive Offices: 1345 Avenue of the Americas New York, New York 10105

Name and Address of Agent for Service: Lawrence G. Altadonna – 1345 Avenue of the Americas New York, New York 10105

Registrant’s telephone number, including area code: 212-739-3371

Date of Fiscal Year End: March 31, 2008

Date of Reporting Period: June 30, 2007

Form N-Q is to be used by the registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b 1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1 -5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

 

PIMCO Global StocksPLUS & Income Fund Schedule of Investments         
June 30, 2007 (unaudited)         
Principal             
Amount        Credit Rating     
(000)        (Moody's/S&P)   Value* 
 
U.S. GOVERNMENT AGENCY SECURITIES—49.6%         
    Fannie Mae,         
$1,078       5.50%, 11/1/34, MBS    Aaa/AAA    $1,043,912 
1,275       5.50%, 1/1/35, MBS    Aaa/AAA    1,228,684 
8,080       6.00%, 3/1/30, MBS (h)    Aaa/AAA    8,023,806 
6,644       6.00%, 5/25/31, CMO (h)    Aaa/AAA    6,510,806 
2,084       6.50%, 2/1/30, MBS (h)    Aaa/AAA    2,111,665 
14       6.50%, 6/1/31, MBS    Aaa/AAA    14,155 
195       6.50%, 9/1/31, MBS    Aaa/AAA    196,905 
376       6.50%, 11/1/31, MBS    Aaa/AAA    378,195 
675       6.50%, 7/1/32, MBS    Aaa/AAA    681,904 
860       6.50%, 9/1/32, MBS    Aaa/AAA    865,335 
786       6.50%, 2/25/33, CMO    Aaa/AAA    797,848 
187       6.50%, 10/1/33, MBS    Aaa/AAA    190,211 
551       6.50%, 12/1/33, MBS    Aaa/AAA    555,256 
461       6.612%, 11/1/28, FRN, MBS    Aaa/AAA    472,585 
1,227       6.95%, 8/25/21, CMO    Aaa/AAA    1,261,157 
822       7.00%, 8/25/21, CMO    Aaa/AAA    849,353 
1,147       7.00%, 9/25/21, CMO    Aaa/AAA    1,184,429 
179       7.00%, 12/25/23, CMO    Aaa/AAA    187,956 
1,145       7.00%, 11/1/24, MBS    Aaa/AAA    1,180,307 
444       7.00%, 2/1/31, MBS    Aaa/AAA    455,493 
218       7.00%, 6/25/32, CMO    Aaa/AAA    223,617 
70       7.00%, 1/25/48, CMO    Aaa/AAA    71,393 
108       7.50%, 7/25/22, CMO    Aaa/AAA    113,227 
138       7.50%, 6/1/32, MBS    Aaa/AAA    141,816 
29       7.50%, 10/1/32, MBS    Aaa/AAA    29,401 
272       8.00%, 3/25/21, CMO    Aaa/AAA    286,868 
4,548       8.00%, 8/1/32, MBS (h)    Aaa/AAA    4,809,762 
    Fannie Mae Whole Loan,         
115       6.50%, 6/25/28, CMO    Aaa/AAA    116,955 
2,075       7.50%, 2/25/42, CMO    Aaa/AAA    2,140,723 
137       7.80%, 6/25/26, ABS    Aaa/AAA    140,303 
397       10.238%, 12/25/42, CMO, VRN    Aaa/AAA    423,934 
4,000    Federal Home Loan Bank, zero coupon, 2/27/12,         
       Ser. 2D12, VRN (h)    Aaa/AAA    3,687,560 
    Federal Home Loan Mortgage Corp., Structured Pass         
       Through Securities, CMO,         
153       6.50%, 7/25/43    Aaa/AAA    154,872 
2,316       7.00%, 7/25/32    Aaa/AAA    2,369,479 
    Freddie Mac,         
101       4.50%, 11/15/25, CMO    Aaa/AAA    99,753 
8       5.925%, 7/15/08, CMO, FRN    Aaa/AAA    8,463 
2,976       6.00%, 5/1/30, MBS    Aaa/AAA    2,970,122 
16,789       6.00%, 5/1/34, MBS (h)    Aaa/AAA    16,694,014 
2,000       6.50%, 10/15/23, CMO    Aaa/AAA    2,034,967 
880       6.50%, 4/15/24, CMO    Aaa/AAA    895,677 
3,532       6.50%, 6/15/31, CMO (h)    Aaa/AAA    3,578,110 
3,571       6.50%, 8/15/31, CMO    Aaa/AAA    3,639,303 
5,205       6.50%, 2/15/32, CMO (h)    Aaa/AAA    5,298,113 
958       6.50%, 2/1/34, MBS    Aaa/AAA    968,268 
351       6.50%, 3/1/34, MBS    Aaa/AAA    353,125 
570       6.50%, 5/1/34, MBS    Aaa/AAA    576,426 

PIMCO Global StocksPLUS & Income Fund Schedule of Investments        
June 30, 2007 (unaudited)         
Principal             
Amount        Credit Rating     
(000)        (Moody's/S&P)    Value* 
$3,563       6.50%, 7/1/34, MBS    Aaa/AAA    $3,602,099 
286       6.50%, 8/1/34, MBS    Aaa/AAA    288,081 
366       6.50%, 11/1/34, MBS    Aaa/AAA    369,163 
11,742       6.50%, 12/1/34, MBS (h)    Aaa/AAA    11,942,755 
5,960       6.50%, 4/1/35, MBS (h)    Aaa/AAA    6,062,101 
12,155       6.50%, 2/1/36, MBS (h)    Aaa/AAA    12,343,393 
1,283       6.719%, 8/25/22, CMO, FRN (b)    Aaa/AAA    1,272,533 
752       6.95%, 7/15/21, CMO    Aaa/AAA    750,476 
308       7.00%, 5/15/21, CMO    Aaa/AAA    318,765 
117       7.00%, 12/15/21, CMO    Aaa/AAA    119,858 
39       7.00%, 8/15/23, CMO    Aaa/AAA    40,332 
100       7.00%, 6/15/29, CMO    Aaa/AAA    103,654 
6,079       7.00%, 6/15/31, CMO (h)    Aaa/AAA    6,235,313 
4,423       7.00%, 8/1/36, MBS    Aaa/AAA    4,496,316 
1,354       7.50%, 9/15/30, CMO    Aaa/AAA    1,377,389 
53       7.50%, 1/15/31, CMO    Aaa/AAA    52,879 
815       8.50%, 5/17/10, MBS    Aaa/AAA    833,037 
26       9.50%, 4/15/20, CMO    Aaa/AAA    27,108 
    Total U.S. Government Agency Securities (cost—$132,630,194)        130,251,465 
 
CORPORATE BONDS & NOTES—24.5%         
Airlines—3.0%             
2,500    American Airlines, Inc., pass thru certificates,         
       6.817%, 11/23/12, Ser. 01-1    Ba1/BB+    2,495,312 
1,483    Continental Airlines, Inc., pass thru certificates,         
       8.048%, 5/1/22, Ser. 00-1    Baa2/BBB+    1,605,876 
    United Air Lines, Inc.,          
1,202       6.201%, 3/1/10, Ser. 01-1, pass thru certificates    Ba2/BBB    1,214,418 
2,500       6.636%, 7/2/22 (d)    Baa2/BBB    2,484,375 
            7,799,981 
 
Automotive—0.4%             
1,000    Tenneco Automotive, Inc., 8.625%, 11/15/14    B3/B    1,035,000 
 
Financial Services—9.6%         
100    Ajax Re Ltd., 11.61%, 5/8/09, FRN (b)(d)    NR/BB    100,252 
2,700    C10 Capital SPV Ltd., 6.722%, 12/31/16, VRN    NR/BBB-    2,639,115 
€ 4,600    General Electric Capital Corp., 4.625%, 9/15/66, VRN (d)    Aa1/AA+    5,925,555 
    General Motors Acceptance Corp.,         
$125       4.25%, 3/15/09    Ba1/BB+    118,295 
2,000       6.00%, 12/15/11    Ba1/BB+    1,903,218 
2,500    GMAC LLC, 6.61%, 5/15/09, FRN    Ba1/BB+    2,501,200 
55    JSG Funding PLC, 9.625%, 10/1/12    B2/B    57,888 
5,000    Morgan Stanley, 5.809%, 10/18/16, FRN    Aa3/A+    5,003,395 
2,000    Osiris Capital PLC, 10.356%, 1/15/10, Ser. D, FRN (b)(d)(e)    Ba1/BB+    2,019,500 
5,000    VTB Capital S.A., 5.955%, 8/1/08, FRN (d)    A2/BBB+    5,011,250 
            25,279,668 
 
Food & Beverage—0.2%         
500    Tyson Foods, Inc., 6.85%, 4/1/16    Ba1/BBB-    515,870 


PIMCO Global StocksPLUS & Income Fund Schedule of Investments 
June 30, 2007 (unaudited)
Principal            
Amount       Credit Rating    
(000)       (Moody's/S&P)   Value* 
Healthcare & Hospitals—0.6%         
    HCA, Inc.,         
$1,000       6.375%, 1/15/15    Caa1/B-    $852,500 
700       9.25%, 11/15/16 (d)    B2/BB-    747,250 
            1,599,750 
 
Insurance—0.4%             
1,000    Foundation Re II Ltd., 12.11%, 11/26/10, FRN (b)(d)(e)    Ba1/BB+    1,004,150 
 
Metals & Mining—1.1%         
    Vale Overseas Ltd.,         
1,250       6.25%, 1/11/16    Baa3/BBB    1,246,082 
700       6.25%, 1/23/17    Baa3/BBB    697,774 
1,000       6.875%, 11/21/36    Baa3/BBB    1,007,686 
            2,951,542 
 
Oil & Gas—1.8%             
4,000    Gazprom AG, 9.625%, 3/1/13    A3/BBB    4,644,800 
 
Paper/Paper Products—0.9%         
    Georgia-Pacific Corp. (d),         
500       7.00%, 1/15/15    Ba3/B    483,750 
2,000       7.125%, 1/15/17    Ba3/B    1,930,000 
            2,413,750 
 
Printing/Publishing—0.2%         
500    RH Donnelley Corp., 8.875%, 1/15/16, Ser. A-3    B3/B    522,500 
 
Retail—1.1%             
2,904    CVS Lease Pass Through, 5.88%, 1/10/28 (b)(d)    Baa2/BBB+    2,782,639 
 
Utilities—5.2%             
1,000    CMS Energy Corp., 7.50%, 1/15/09    Ba1/BB+    1,030,460 
2,000    Dynegy Holdings, Inc., 8.375%, 5/1/16    B2/B-    1,965,000 
    Nevada Power Co.,         
2,500       6.50%, 5/15/18    Ba1/BB+    2,538,420 
3,000       6.65%, 4/1/36    Ba1/BB+    3,024,945 
5,000    TECO Energy, Inc., 6.75%, 5/1/15    Ba1/BB    5,124,930 
            13,683,755 
    Total Corporate Bonds & Notes (cost—$64,563,548)        64,233,405 
 
MORTGAGE-BACKED SECURITIES—15.6%         
246    Bear Stearns Asset Backed Securities, Inc.,         
       5.00%, 1/25/34, CMO    Aaa/AAA    242,365 
    Bear Stearns Second Lien Trust, CMO, FRN (d),         
1,500       6.12%, 12/25/36, Ser. M1 (e)    Aa1/AA+    1,505,879 
1,000       7.82%, 12/25/36, Ser. B2    Baa2/BBB    415,000 
489       7.82%, 12/25/36, Ser. B3    Baa3/BBB-    165,037 
1,600       7.82%, 12/25/36, Ser. B4 (e)    Ba1/BB+    488,306 
1,845    Charlotte Gateway Village LLC, 6.41%, 12/1/16, CMO (d)(e)    Aa1/AA+    1,894,438 
    Countrywide Alternative Loan Trust, CMO,         
183       5.72%, 3/25/34, FRN    Aaa/AAA    183,729 


PIMCO Global StocksPLUS & Income Fund Schedule of Investments         
June 30, 2007 (unaudited) 
Principal            
Amount       Credit Rating    
(000)       (Moody's/S&P)   Value* 
$381      6.25%, 9/25/34   Aaa/AAA   $381,949 
2,453       6.50%, 7/25/35   Aaa/AAA   2,374,773 
    Countrywide Home Loan Mortgage Pass Through         
       Trust, CMO, FRN,         
304       5.72%, 8/25/18    NR/AAA    306,469 
619       5.78%, 9/25/34    Aaa/AAA    620,863 
276       5.82%, 3/25/34    Aaa/NR    277,166 
    First Horizon Asset Securities, Inc., CMO, FRN,         
572       5.107%, 10/25/34    Aaa/AAA    571,431 
89       5.277%, 12/27/32    Aaa/AAA    88,867 
205       5.82%, 3/25/18    NR/AAA    206,193 
2,272       6.267%, 2/25/36    Aaa/AAA    2,287,761 
427    First Republic Mortgage Loan Trust,         
       5.62%, 8/15/32, CMO, FRN    Aaa/AAA    428,102 
3,313    GSMPS Mortgage Loan Trust, 7.00%, 6/25/43, CMO (d)    NR/NR    3,379,364 
    Harborview Mortgage Loan Trust, CMO, FRN,         
49       5.59%, 3/19/35    Aaa/AAA    49,428 
601       7.46%, 11/19/34 (e)    Aaa/AAA    610,532 
2,043    JP Morgan Alternative Loan Trust, 7.00%, 12/25/35, CMO    NR/AAA    2,079,026 
3,663    MASTR Reperforming Loan Trust, 8.00%, 7/25/35, CMO    Aaa/AAA    3,808,739 
1,000    Multi-Family Capital Access One, Inc.,         
       9.459%, 1/15/24, Ser. 1, CMO,VRN    NR/NR    1,031,375 
    Nomura Asset Acceptance Corp., CMO,         
152       5.71%, 10/25/34, FRN    Aaa/AAA    152,360 
2,101       7.50%, 3/25/34 (d)    Aaa/AAA    2,176,851 
664    Provident Funding Mortgage Loan Trust,         
       4.046%, 4/25/34, CMO, VRN    Aaa/AAA    652,827 
673    Residential Asset Securitization Trust,         
       5.77%, 2/25/34, CMO, FRN (h)    NR/AAA    675,912 
911    Residential Funding Mortgage Sec. I,         
       5.72%, 7/25/18, CMO, FRN    NR/AAA    915,320 
56    SACO I, Inc., 7.00%, 8/25/36, CMO (d)(e)    Aaa/NR    57,570 
    Sequoia Mortgage Trust, CMO, FRN,         
184       5.70%, 10/20/27    Aaa/AAA    183,721 
210       5.72%, 10/20/27    Aaa/AAA    209,903 
742       6.731%, 8/20/34    Aaa/AAA    747,809 
70       6.936%, 9/20/32    Aaa/AAA    70,462 
881    Structured Adjustable Rate Mortgage Loan Trust,         
         6.227%, 5/25/35, CMO, FRN (e)    Aaa/AAA    889,516 
4,486    Structured Asset Securities Corp.,         
       7.50%, 10/25/36, CMO (d)(h)    Aaa/AAA    4,704,212 
    Washington Mutual, Inc., CMO, VRN,         
664       3.423%, 5/25/33    Aaa/AAA    656,856 
2       3.624%, 4/25/35    Aaa/AAA    1,803 
245       4.108%, 1/25/33    Aaa/AAA    243,588 
993       4.556%, 2/25/33    Aaa/AAA    989,432 
525       4.585%, 4/25/35    Aaa/AAA    514,630 
26       6.414%, 6/25/42    Aaa/AAA    26,372 
95       6.429%, 8/25/42    Aaa/AAA    95,027 
3,602    Washington Mutual, Inc., pass thru certificates,         
       6.50%, 11/25/18, CMO    Aaa/AAA    3,652,506 
75    Wells Fargo MBS Trust, 3.539%, 9/25/34, CMO, FRN    Aaa/AAA    72,997 
    Total Mortgage-Backed Securities (cost—$41,384,651)        41,086,466 
 
ASSET-BACKED SECURITIES—10.9%         
2,186    Aircraft Certificate Owner Trust,         
       6.455%, 9/20/22, Ser. 03-A (d)    Aaa/AAA    2,171,397 


PIMCO Global StocksPLUS & Income Fund Schedule of Investments
June 30, 2007 (unaudited) 
Principal            
Amount       Credit Rating    
(000)       (Moody's/S&P)   Value* 
$3,046    Bear Stearns Asset Backed Securities, Inc.,        
       5.561%, 7/25/36, VRN (h)    Aaa/AAA    $3,025,484 
47    Cendant Mortgage Corp., 6.00%, 7/25/43, VRN (d)    NR/NR    47,317 
3    Countrywide Asset-Backed Certificates,         
       5.60%, 4/25/34, FRN    Aaa/AAA    2,732 
    Countrywide Home Equity Loan Trust, FRN,         
154       5.54%, 4/15/30    Aaa/AAA    154,311 
89       5.54%, 1/15/34    Aaa/AAA    89,112 
336    CS First Boston Mortgage Securities Corp.,         
       7.67%, 8/25/32, FRN    A2/A    337,147 
1,702    Denver Arena Trust, 6.94%, 11/15/19 (d)(e)    NR/NR    1,705,408 
    Green Tree Financial Corp.,         
11       6.16%, 2/1/31    NR/B    11,128 
4,801       6.22%, 3/1/30    NR/BBB    4,769,447 
1,284       6.53%, 4/1/30    Ba3/NR    1,285,517 
2,960       6.53%, 2/1/31    NR/B-    2,731,243 
2,856       6.81%, 12/1/27    Ba1/BBB    2,907,061 
2,000    GSAMP Trust, 5.47%, 10/25/36, FRN    Aaa/AAA    2,001,244 
    Long Beach Mortgage Loan Trust, FRN,         
1,068       6.745%, 3/25/32    Aa2/NR    1,069,137 
952       7.795%, 3/25/32    Ba3/NR    665,421 
350    Master Asset Backed Securities Trust,         
       5.74%, 3/25/35, FRN    Aa1/AA+    350,416 
1,000    Mystic Re Ltd., 11.66%, 12/5/08, FRN (b)(d)(e)    A1/BB+    994,100 
2,681    Oakwood Mortgage Investors, Inc., 6.34%, 4/15/29    Ba1/B    2,579,568 
1,525    Residential Asset Mortgage Products, Inc.,         
       5.44%, 10/25/36, FRN    Aaa/AAA    1,526,118 
114    Wachovia Asset Securitization, Inc., 5.75%, 12/25/32, FRN    Aaa/AAA    113,884 
    Total Asset-Backed Securities (cost—$28,961,318)        28,537,192 
 
SENIOR LOANS (a)(b)(c)—5.8%         
Automotive—0.7%             
1,990    Ford Motor Corp., 8.36%, 11/29/13, Term B        2,000,459 
 
Automotive Products—0.2%         
500    Delphi Corp., 8.125%, 12/31/07, Term C        501,513 
 
Commercial Products—0.3%         
    Hertz Corp., Term B,         
111       5.36%, 12/21/12        111,740 
281       7.09%, 12/21/12        282,369 
340       7.11%, 12/21/12        342,225 
            736,334 
 
Computer Services—0.2%         
491    SunGard Data Systems, Inc., 7.356%, 2/11/13        493,923 
 
Entertainment—0.4%         
495    MGM Studios, 8.61%, 4/8/12, Term B        496,760 
    Warner Music Group, Inc., Term B,         
90       7.355%, 2/28/11        90,878 
398       7.36%, 2/28/11        399,416 
            987,054 
 
Financial Services—0.5%         
1,250    Shackleton Crean Event Management, 12.875%, 8/1/08        1,256,250 


PIMCO Global StocksPLUS & Income Fund Schedule of Investments
June 30, 2007 (unaudited)
Principal            
Amount       Credit Rating    
(000)        (Moody's/S&P)    Value* 
Healthcare & Hospitals—2.2%         
    Davita, Inc.         
$677       6.86%, 10/5/12, Term B        $679,111 
85       6.86%, 10/5/12, Term B1        84,985 
238       6.88%, 10/5/12, Term B        238,482 
2,992    HCA, Inc., 7.61%, 11/16/13, Term B        3,009,156 
    HealthSouth Corp.,         
1,784       7.85%, 2/2/13        1,793,351 
29       7.86%, 2/2/13        28,803 
            5,833,888 
 
Paper/Paper Products—1.1%         
    Georgia-Pacific Corp., Term B,         
2,963       7.11%, 12/20/12        2,972,629 
 
Waste Disposal—0.2%         
    Allied Waste North America, Inc.,         
153       5.32%, 1/15/12        153,420 
138       7.06%, 3/28/14, Term B        138,749 
64       7.11%, 3/28/14, Term B        64,750 
10       7.13%, 3/28/14, Term B        9,767 
51       7.14%, 3/28/14, Term B        50,875 
55       7.15%, 3/28/14, Term B        55,500 
            473,061 
    Total Senior Loans (cost—$15,176,764)        15,255,111 
 
SOVEREIGN DEBT OBLIGATIONS—2.1%         
Japan—0.5%             
¥160,000    JLOC 36, LLC, 0.93476%, 2/28/16, Class A1 (e)    NR/NR    1,288,526 
 
Ukraine—1.6%             
    Republic of Ukraine,         
$2,000       6.875%, 3/4/11    B1/BB-    2,048,800 
2,000       7.65%, 6/11/13    B1/BB-    2,121,600 
            4,170,400 
    Total Sovereign Debt Obligations (cost—$5,577,539)        5,458,926 
 
MUNICIPAL BONDS—0.1%         
South Carolina—0.1%         
388    Tobacco Settlement Rev. Management Auth.,         
       7.666%, 5/15/16 (cost—$396,641)    Baa2/BBB    388,916 
 
SHORT-TERM INVESTMENTS—14.0%         
U.S. Treasury Bills (f)—6.7%         
17,830    4.39%-4.75%, 8/30/07-9/13/07 (cost—$17,664,437)        17,634,287 
 
Commercial Paper—3.0%         
Financial Services—3.0%         
    Societe Generale North America, Inc.,         
1,400       5.225%, 10/9/07    NR/NR    1,379,238 
6,600       5.246%, 9/18/07    NR/NR    6,522,120 
    Total Commercial Paper (cost—$7,903,701)        7,901,358 
 
Corporate Notes—0.8%         
Financial Services—0.7%         
2,000    SLM Corp., 3.625%, 3/17/08    A2/AAA    1,964,912 


PIMCO Global StocksPLUS & Income Fund Schedule of Investments 
June 30, 2007 (unaudited) 
Principal             
Amount        Credit Rating     
(000)        (Moody's/S&P)   Value* 
Insurance—0.1%             
$250    Shackleton Reinsurance Ltd.,         
       13.355%, 2/7/08, FRN (b)(d)(e)    Ba3/BB    $253,700 
    Total Corporate Notes (cost—$2,214,131)        2,218,612 
 
Repurchase Agreement—3.4%         
9,056    State Street Bank & Trust Co.,         
       dated 6/29/07, 4.90% due 7/2/07, proceeds         
       $9,059,698; collateralized by Fannie Mae,         
       5.08%, due 5/14/10, valued at $9,241,838         
       including accrued interest         
       (cost—$9,056,000)        9,056,000 
    Total Short-Term Investments (cost—$36,838,269)        36,810,257 
 
OPTIONS PURCHASED (g)— 1.7%         
Contracts/             
Notional             
Amount             
    Call Options—0.1%         
    9-Year Interest Rate Swap, OTC,         
       Pay 3-Month USD LIBOR Floating Rate Index,         
314,500,000       strike rate 4.66%, expires 2/21/08        350,249 
 
    Put Options—1.6%         
    9-Year Interest Rate Swap, OTC,         
       Pay 3-Month USD LIBOR Floating Rate Index,         
314,500,000       strike rate 5.84%, expires 2/21/08        3,658,280 
    Financial Future Euro—90 day, CME,         
425       strike price $93, expires 6/16/08        1 
    S&P 500 Index, CBOE,         
200       strike price $1,470, expires 7/20/07        410,000 
            4,068,281 
    Total Options Purchased (cost—$3,720,719)        4,418,530 
    Total Investments before call options written         
    (cost—$329,249,643)—124.3%        326,440,268 
 
OPTIONS WRITTEN (g)—(0.3)%         
    Call Options—(0.3)%         
    S&P 500 Index, CBOE,         
100       strike price $1,515, expires 7/20/07        (522,500) 
200       strike price $1,545, expires 7/20/07        (360,000) 
    Total Options Written (premiums received—$1,896,375)        (882,500) 
 
    Total Investments net of options written (cost—$327,353,268)—124.0%        325,557,768 
 
    Liabilities in excess of other assets—(24.0)%        (63,007,248) 
 
    Net Assets—100.0%        $262,550,520 

Notes to Schedule of Investments:

* Portfolio securities and other financial instruments for which market quotations are readily available are stated at market value. Portfolio securities and other financial instruments for which market quotations are not readily available or if a development/event occurs that may significantly impact the value of a security, are fair-valued, in good faith, pursuant to guidelines established by the Board of Trustees, including certain fixed income securities which may be valued with reference to securities whose prices are more readily available. The Fund’s investments, including over-the-counter options, 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 last quoted mean 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. The Fund’s investments in senior floating rate loans (“Senior Loans”) for which a secondary market exists will be valued at the mean of the last available bid and asked prices in the market for such Senior Loans, as provided by an independent pricing service. Other Senior Loans are valued at fair value pursuant to procedures approved by the Fund’s Board of Trustees, which include consideration and evaluation of: (1) the creditworthiness of the borrower and any intermediate participants; (2) the term of the Senior Loan; (3) recent prices in the market for similar loans, if any; (4) recent prices in the market for loans of similar quality, coupon rate, and period until next interest rate reset and maturity; and (5) general economic and market conditions affecting the fair value of the Senior Loan. Exchange traded options, futures and options on futures are valued at the settlement price determined by the relevant exchange. 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. The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold. The Fund’s net asset value is determined daily as of the close of regular trading (normally, 4:00 p. m. Eastern time) on the New York Stock Exchange (“NYSE”) on each day the NYSE is open for business.
   
(a) Private Placement. Restricted as to resale and may not have a readily available market. Securities with an aggregate value of $15,255,111, represents 5.81% of net assets.
   
(b) Illiquid security.
   
(c) These securities generally pay interest at rates which are periodically pre-determined by reference to a base lending rate plus a premium. These base lending rates are generally either the lending rate offered by one or more major European banks, such as the "LIBOR" or the prime rate offered by one or more major United States banks, or the certificate of deposit rate. These securities are generally considered to be restricted as the Fund is ordinarily contractually obligated to receive approval from the Agent bank and/or borrower prior to disposition. Remaining maturities of Senior Loans may be less than the stated maturities shown as a result of contractual or optional payments by the borrower. Such prepayments cannot be predicted with certainty. The interest rate disclosed reflects the rate in effect on June 30, 2007.
   
(d) 144A Security—Security exempt from registration, under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid.
   
(e) Fair-valued security. Securities with an aggregate value of $12,711,625 representing 4.84% of net assets.
   
(f) All or partial amount segregated as collateral for futures contracts and options written. 
   
(g) Non-income producing.    
   
(h) All or partial amount segregated as collateral for reverse repurchase agreements.

Glossary:

€—Euros

¥—Japanese Yen

CBOE—Chicago Board Options Exchange

CME—Chicago Mercantile Exchinge

CMO—Collateralized Mortgage Obligation

FRN—Floating Rate Note. The interest rate disclosed reflects the rate in effect on June 30, 2007.

LIBOR—London Inter-Bank Offered Rate

MBS—Mortgage-Backed Security

NR—Not Rated

OTC—Over-the-Counter

VRN— Variable Rate Note. Instruments whose interest rates change on specified date (such as a coupon date or interest payment date) and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). The interest rate disclosed reflects the rate in effect on June 30, 2007.


Other Investments:

(1) Futures contracts outstanding at June 30, 2007:

                   
Market
Unrealized
                   
Value
Expiration
Appreciation
Type               
Contracts 
 
(000) 
 
Date 
 
(Depreciation) 
Long: S&P 500 Index            209    $79,180    9/20/07    $(216,975) 
          S&P 500 Index            510    38,643    9/21/07    (247,350) 
Short: U.S. Treasury Note 10 yr. Futures        (195)    (20,612)    9/19/07    41,132 
                            $(423,193) 
(2) Options written for the three months ended June 30, 2007:                     
               
Contracts 
 
Premiums 
       
Options outstanding, March 31, 2007            300    $1,708,881         
Options written                900    4,446,638         
Options terminated in closing transactions            (900)       (4,259,144)         
Options outstanding, June 30, 2007            300    $1,896,375         
 
(3) Credit default swap agreements outstanding at June 30, 2007:                     
              Payments         
    Notional Amount        Received    Unrealized     
Swap Counterparty/    Payable on Default   
Termination 
  (Paid)    Appreciation     
Referenced Debt Issuer    (000)   
Date 
  by Fund    (Depreciation)     
Bank of America                         
 ABS Home Equity Index    $6,000   7/25/45    (1.54 )%    $170,503      
 Long Beach Mortgage Loan Trust    738   7/25/33    4.50 %    (213,296 )     
Barclays Bank                         
 Federation of Russia    4,900   7/20/11    1.65 %    258,703      
Bear Stearns                         
 ABS Home Equity Index    3,000   5/25/46    (2.42 )%    928,163      
 Dow Jones CDX    5,000   6/20/08    (0.12 )%    940      
 Indymac Home Equity Loan    2,640   6/25/30    (0.45 )%    (1,221 )     
 Midori CDO    1,000   2/15/47    (4.03 )%    267,702      
Citigroup                         
 ABS Home Equity Index    2,000   5/25/46    1.33 %    (386,641 )     
 Cifc, Inc.    1,000   10/20/20    (2.15 )%    5,251      
Credit Suisse First Boston                         
 Samis    1,120   3/20/09    2.30 %    (6,482 )     
Deutsche Bank                         
 Dow Jones CDX    5,000   12/20/10    (0.65 )%    (55,197 )     
 Dow Jones CDX    10,000   12/20/11    1.40 %    69,915      
 Dow Jones CDX High Yield    2,000   6/20/12    1.035 %    (12,950 )     
 LCDX    5,000   6/20/12    1.20 %    (30,273 )     
Goldman Sachs                         
 ABS Home Equity Index    3,000   5/25/46    2.42 %    (893,787 )     
 Goldman Sachs International    500   10/20/20    (4.50 )%    (4,789 )     
 Goldman Sachs International    1,500   10/11/21    (5.00 )%    (70,207 )     
HSBC Bank                         
 Ukraine    5,000   4/20/09    0.70 %    19,890      
JPMorgan Chase                         
 ABS Home Equity Index    3,000   5/25/46    2.42 %    (907,538 )     
 Merrill Lynch    5,000   3/20/17    (0.40 )%    23,652      
 Qwest    1,000   9/20/10    4.20 %    83,649      
 Windstream    3,000   6/20/12    1.05 %    (49,842 )     
Lehman Brothers                         
 ABS Home Equity Index    2,000   5/25/46    (1.33 )%    464,692      
 Dow Jones High Yield    5,000   6/20/10    0.90 %    141,803      
 Federal Republic of Brazil    6,000   6/20/16    2.68 %    671,211      
 Morgan Stanley    5,000   12/20/16    (0.34 )%    49,564      
Merrill Lynch                         
 Dow Jones CDX    20,000   12/20/11    (0.40 )%    48,115      
 Dow Jones CDX High Yield    1,000   6/20/12    1.058 %    (5,509 )     
Morgan Stanley                         
 ABS Home Equity Index    2,500   6/25/30    (1.15 )%    42,964      
 Dow Jones CDX    9,000   6/20/17    (0.60 )%    86,116      
 Federal Republic of Brazil    2,000   6/20/15    4.23 %    406,903      
 Federation of Russia    5,000   6/20/15    1.52 %    298,450      
 Gazprom Capital    5,000   10/20/07    0.44 %    8,179      
 Indymac Home Equity Loan    2,640   6/25/30    1.50 %    5,390      
 Morgan Stanley Dean Witter    875   8/25/32    2.15 %    (513,766 )     
 Republc of Panama    5,000   6/20/15    2.75 %    568,214      
 Republic of Peru    5,000   6/20/15    2.90 %    615,741      
 United Mexican States    5,000   6/20/15    1.40 %    307,550      
UBS                         
 ABS Home Equity Index    2,500   6/25/34    1.50 %    13,479      
Wachovia Securities                         
 ABS Home Equity Index    6,000   7/25/45    1.54 %    (601,753 )     
                  $1,803,488      

 
(4) Interest rate swap agreements outstanding at June 30, 2007:                     
 
        Notional       Rate Type Unrealized
        Amount   Termination   Payments Made    Payments Received    Appreciation
Swap Counterparty       (000)  
Date
 
by Fund
 
by Fund
 
(Depreciation)
 
Royal Bank of Scotland       
$421,100
  2/25/17    4.66%   3-Month USD-LIBOR   $ 2,733,423
Royal Bank of Scotland       
  421,100
  2/25/17    3-Month USD-LIBOR   5.84%   (3,278,153 ) 
UBS       
  591,000
  6/21/25    5.67%   3-Month USD-LIBOR   (3,772,176 )
UBS       
  535,000
  6/21/25    3-Month USD-LIBOR   5.70%   (5,421,329 )
                        $(9,738,235 )
 
LIBOR - London Inter-bank Offered Rate                     
                     
(5) Total return swap contracts outstanding at June 30, 2007:                     
 
Swap Counterparty       Fund
Receives		   Fund
Pays 		  Termination
Date 		  Notional
Amount 		  Unrealized
Appreciation
Barclays Bank        MSCI Daily
Total Return EAFE		   3 month LIBOR
plus 0.20% 		  9/28/07   $124,999,988   $22,365,406
 
EAFE - Europe, Australasia and Far east Equity Index                     
LIBOR - London Inter-bank Offered Rate                         
MCSI - Morgan Stanley Capital International                         
 
The Fund received $2,750,000 par value in U.S. Treasury Bills as collateral for swap contracts.             
 
(6) Forward foreign currency contracts outstanding at June 30, 2007:                     
                Unrealized        
        U.S.$ Value   U.S.$ Value   Appreciation        
        Origination Date   June 30, 2007   (Depreciation)        
Sold:                         
€ 4,578,000 settling 7/26/07        $6,142,046    $6,188,668    $(46,622)         
¥ 160,000,000 settling 7/24/07        1,322,620    1,299,953    22,667         
                $(23,955)         
 
€ - Euros                         
¥ - Japanese Yen                         
 
(7) Open reverse repurchase agreements at June 30, 2007:                     
 
                   
Principal &
    
Counterparty        Rate    Trade Date    Maturity Date    Interest  
Par
Lehman Securities        5.32%    6/28/07   8/14/07   $ 1,778,100    $1,776,000 
        5.35%    6/28/07   8/3/07   16,060,071    16,041,000 
        5.35%    6/28/07   8/5/07   3,450,097    3,446,000 
         5.35%    6/28/07   8/6/07   4,629,497    4,624,000 
        5.35%    6/28/07   8/7/07   11,497,653    11,484,000 
        5.35%   6/28/07   8/9/07   5,835,930    5,829,000 
        5.35%   6/28/07   8/10/07   11,883,111    11,869,000 
        5.35%   6/28/07   8/11/07   2,033,415    2,031,000 
        5.35%   6/28/07   8/12/07   7,725,174    7,716,000 
         5.36%   6/28/07   8/1/07   5,996,134    5,989,000 
        5.36%   6/28/07   8/2/07   6,368,577    6,361,000 
        5.37%   6/28/07   7/31/07   3,750,470    3,746,000 
        5.37%   6/28/07   8/4/07   5,019,983    5,014,000 
        5.37%   6/28/07   8/8/07   4,435,286    4,430,000 
        5.37%   6/28/07   8/13/07   638,761    638,000 
                        $90,994,000 

Collateral for open reverse repurchase agreements at June 30, 2007, as reflected in the schedule of investments:             
                    Market Value
            Maturity       (including
Counterparty    Description   Rate   Date   Par   interest)
Lehman Securities    Bear Stearns ABS    5.561%    7/25/36    $3,046,482    $3,039,601 
    Fannie Mae   6.00%    3/1/30    8,079,995    8,064,206 
    Fannie Mae    6.00%    5/25/31    6,644,090    6,268,533 
    Fannie Mae    6.50%    2/1/30    2,084,320    2,122,955 
    Fannie Mae    8.00%    8/1/32    4,547,927    4,840,082 
    Federal Home Loan Bank    Zero    2/27/12    2,000,000    1,843,780 
    Freddie Mac    6.00%    5/1/34    16,788,731    16,777,957 
    Freddie Mac    6.50%    6/15/31    3,531,650    3,597,240 
    Freddie Mac    6.50%    2/15/32    5,205,261    5,326,308 
    Freddie Mac    6.50%    12/1/34    11,741,893    12,006,356 
    Freddie Mac    6.50%    4/1/35    5,960,144    6,094,385 
    Freddie Mac    6.50%    2/1/36    12,155,397    12,409,234 
    Freddie Mac    7.00%    6/15/31    6,079,152    6,270,775 
    Residential Asset                 
         Securitization Trust    5.77%    2/25/34    673,194    676,559 
    Structured Asset                 
         Securities Corp.    7.50%    10/25/36    4,485,606    4,732,247 
                    $94,070,218 

Item 2. Controls and Procedures

(a) The registrant’s President and Chief Executive Officer and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-2(c) under the Act (17CFR270.30a-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 changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d)) under the Act (17 CFR270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits

        (a) Exhibit 99.302 Cert. – Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: PIMCO Global StocksPLUS & Income Fund
By /s/ Brian S. Shlissel
President & Chief Executive Officer

Date: August 28, 2007

By /s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: August 28, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dated indicated.

By /s/ Brian S. Shlissel
President & Chief Executive Officer

Date: August 28, 2007

By /s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: August 28, 2007