Edgar Filing: PIMCO STRATEGIC GLOBAL GOVERNMENT FUND INC

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April 30, 2013

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PIMCO Strategic Global Government Fund, Inc

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-08216

PIMCO Strategic Global Government Fund, Inc.

(Exact name of registrant as specified in charter)


1345 Avenue of the Americas, New York, New York		10105
(Address of principal executive offices)		(Zip code)

Lawrence G. Altadonna – 1345 Avenue of the Americas, New York, New York 10105

(Name and address of agent for service)

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

Date of fiscal year end: January 31, 2011

Date of reporting period: October 31, 2010

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

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)		Value*
	U.S. GOVERNMENT AGENCY SECURITIES—173.6%
			Fannie Mae—124.6%
$	28		2.45%, 4/1/30, FRN, MBS (k)		Aaa/AAA	$	29,132
	21		2.53%, 9/1/28, FRN, MBS		Aaa/AAA		21,927
	145		2.65%, 3/1/32, FRN, MBS (k)		Aaa/AAA		150,675
	10		2.665%, 2/1/32, FRN, MBS		Aaa/AAA		9,938
	94		2.727%, 12/1/28, FRN, MBS (k)		Aaa/AAA		98,422
	49		2.809%, 2/1/27, FRN, MBS (k)		Aaa/AAA		51,326
	231		2.815%, 12/1/30, FRN, MBS (k)		Aaa/AAA		243,981
	73		2.958%, 11/1/27, FRN, MBS (k)		Aaa/AAA		76,651
	113		2.972%, 12/1/25, FRN, MBS (k)		Aaa/AAA		118,450
	85		3.00%, 3/1/31, FRN, MBS (k)		Aaa/AAA		89,262
	8		3.025%, 10/1/31, FRN, MBS		Aaa/AAA		7,912
	9,938		4.00%, 8/1/40, MBS (k)		Aaa/AAA		10,258,587
	34,000		4.00%, MBS, TBA (e)		Aaa/AAA		35,062,500
	425		4.25%, 11/25/24, CMO (k)		Aaa/AAA		462,580
	18		4.25%, 3/25/33, CMO		Aaa/AAA		19,507
	28,393		4.50%, 4/1/40, MBS (k)		Aaa/AAA		30,213,319
	4,263		4.50%, 7/25/40, CMO (k)		Aaa/AAA		4,591,258
	126,000		4.50%, MBS, TBA (e)		Aaa/AAA		132,300,000
	14		5.00%, 12/1/18, MBS		Aaa/AAA		15,354
	81		5.50%, 8/25/14, CMO		Aaa/AAA		83,638
	25		5.50%, 12/25/16, CMO		Aaa/AAA		26,928
	125		5.50%, 7/25/24, CMO		Aaa/AAA		135,086
	—	(g)	5.50%, 4/1/32, MBS		Aaa/AAA		296
	14,813		5.50%, 11/25/32, CMO (k)		Aaa/AAA		16,687,177
	9		5.50%, 12/25/32, CMO		Aaa/AAA		8,537
	3,072		5.50%, 6/1/33, MBS (k)		Aaa/AAA		3,332,157
	852		5.50%, 7/1/33, MBS (k)		Aaa/AAA		924,098
	10		5.50%, 9/1/33, MBS		Aaa/AAA		10,340
	1,237		5.50%, 10/1/33, MBS (k)		Aaa/AAA		1,341,924
	45		5.50%, 12/1/33, MBS (k)		Aaa/AAA		48,433
	709		5.50%, 1/1/34, MBS (k)		Aaa/AAA		769,151
	7,715		5.50%, 2/1/34, MBS (k)		Aaa/AAA		8,368,917
	87		5.50%, 7/1/34, MBS (k)		Aaa/AAA		93,962
	584		5.50%, 8/1/34, MBS (k)		Aaa/AAA		633,634
	193		5.50%, 10/1/34, MBS (k)		Aaa/AAA		209,417
	887		5.50%, 12/25/34, CMO (k)		Aaa/AAA		1,013,168
	1,370		5.50%, 4/25/35, CMO (k)		Aaa/AAA		1,567,218
	153		5.50%, 9/1/35, MBS (k)		Aaa/AAA		165,223
	42		5.50%, 1/1/36, MBS (k)		Aaa/AAA		45,602
	99		5.50%, 8/1/37, MBS (k)		Aaa/AAA		107,219
	428		5.50%, 6/1/38, MBS (k)		Aaa/AAA		463,365
	1,034		5.50%, 7/1/38, MBS (k)		Aaa/AAA		1,119,367
	14,760		5.50%, 12/1/38, MBS (k)		Aaa/AAA		15,981,372
	452		5.50%, 3/1/39, MBS (k)		Aaa/AAA		488,984
	101,000		5.50%, MBS, TBA (e)		Aaa/AAA		108,480,363
	100		5.75%, 6/25/33, CMO		Aaa/AAA		114,238
	2,500		5.807%, 8/25/43, CMO (k)		Aaa/AAA		2,761,220
	55		6.00%, 2/25/17, CMO		Aaa/AAA		59,138
	286		6.00%, 4/25/17, CMO (k)		Aaa/AAA		314,030
	2,086		6.00%, 12/1/32, MBS (k)		Aaa/AAA		2,318,351

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)	Value*
			Fannie Mae (continued)
$	1,670		6.00%, 1/1/33, MBS (k)	Aaa/AAA	$	1,855,994
	421		6.00%, 2/1/33, MBS (k)	Aaa/AAA		467,689
	4,221		6.00%, 4/1/35, MBS (k)	Aaa/AAA		4,691,420
	5,679		6.00%, 1/1/36, MBS (k)	Aaa/AAA		6,227,335
	1,601		6.00%, 10/1/36, MBS (k)	Aaa/AAA		1,785,352
	9,019		6.00%, 9/1/37, MBS (k)	Aaa/AAA		9,827,115
	15,657		6.00%, 4/1/39, MBS (k)	Aaa/AAA		17,168,139
	6,428		6.00%, 1/25/44, CMO (k)	Aaa/AAA		7,084,447
	24		6.50%, 5/1/13, MBS	Aaa/AAA		26,052
	19		6.50%, 10/1/13, MBS	Aaa/AAA		20,857
	142		6.50%, 2/1/14, MBS (k)	Aaa/AAA		155,660
	158		6.50%, 10/1/18, MBS (k)	Aaa/AAA		172,419
	136		6.50%, 9/1/19, MBS (k)	Aaa/AAA		148,734
	226		6.50%, 1/1/20, MBS (k)	Aaa/AAA		247,364
	234		6.50%, 6/25/23, CMO (k)	Aaa/AAA		266,640
	2		6.50%, 12/1/23, MBS	Aaa/AAA		1,891
	—	(g)	6.50%, 3/1/24, MBS	Aaa/AAA		115
	22		6.50%, 4/1/27, MBS	Aaa/AAA		24,595
	167		6.50%, 11/18/27, CMO	Aaa/AAA		189,518
	11		6.50%, 1/1/28, MBS	Aaa/AAA		12,663
	567		6.50%, 2/1/28, MBS (k)	Aaa/AAA		632,583
	18		6.50%, 4/1/28, MBS	Aaa/AAA		20,798
	120		6.50%, 9/1/28, MBS (k)	Aaa/AAA		136,048
	673		6.50%, 11/1/28, MBS (k)	Aaa/AAA		763,123
	85		6.50%, 1/1/29, MBS (k)	Aaa/AAA		95,540
	39		6.50%, 2/1/29, MBS (k)	Aaa/AAA		43,589
	478		6.50%, 3/1/29, MBS (k)	Aaa/AAA		540,969
	70		6.50%, 4/1/29, MBS (k)	Aaa/AAA		79,522
	24		6.50%, 5/1/29, MBS (k)	Aaa/AAA		27,614
	63		6.50%, 6/1/29, MBS (k)	Aaa/AAA		71,187
	788		6.50%, 7/1/29, MBS (k)	Aaa/AAA		891,315
	15		6.50%, 8/1/29, MBS	Aaa/AAA		17,183
	5		6.50%, 9/1/29, MBS	Aaa/AAA		5,343
	8		6.50%, 12/1/29, MBS	Aaa/AAA		9,212
	204		6.50%, 4/1/31, MBS (k)	Aaa/AAA		229,488
	146		6.50%, 5/1/31, MBS (k)	Aaa/AAA		160,122
	150		6.50%, 8/1/31, MBS (k)	Aaa/AAA		164,539
	1,325		6.50%, 9/25/31, CMO (k)	Aaa/AAA		1,502,343
	61		6.50%, 10/1/31, MBS (k)	Aaa/AAA		67,608
	34		6.50%, 11/1/31, MBS (k)	Aaa/AAA		37,603
	2,251		6.50%, 3/25/32, CMO (k)	Aaa/AAA		2,576,319
	42		6.50%, 6/1/32, MBS (k)	Aaa/AAA		46,846
	127		6.50%, 8/1/32, MBS (k)	Aaa/AAA		140,109
	66		6.50%, 9/1/32, MBS (k)	Aaa/AAA		72,808
	434		6.50%, 10/1/32, MBS (k)	Aaa/AAA		490,749
	265		6.50%, 5/1/33, MBS (k)	Aaa/AAA		299,632
	76		6.50%, 6/1/33, MBS (k)	Aaa/AAA		85,363
	145		6.50%, 7/1/33, MBS (k)	Aaa/AAA		163,662
	174		6.50%, 8/1/33, MBS (k)	Aaa/AAA		196,155
	473		6.50%, 9/1/33, MBS (k)	Aaa/AAA		534,468
	1,389		6.50%, 10/1/33, MBS (k)	Aaa/AAA		1,567,549

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
		Fannie Mae (continued)
$	1,000	6.50%, 11/1/33, MBS (k)	Aaa/AAA	$	1,127,712
	185	6.50%, 12/1/33, MBS (k)	Aaa/AAA		208,574
	493	6.50%, 1/1/34, MBS (k)	Aaa/AAA		555,135
	61	6.50%, 2/1/34, MBS (k)	Aaa/AAA		68,694
	27	6.50%, 3/1/34, MBS (k)	Aaa/AAA		30,159
	65	6.50%, 4/1/34, MBS (k)	Aaa/AAA		72,386
	75	6.50%, 5/1/34, MBS (k)	Aaa/AAA		84,303
	778	6.50%, 7/1/34, MBS (k)	Aaa/AAA		875,202
	576	6.50%, 8/1/34, MBS (k)	Aaa/AAA		646,869
	709	6.50%, 9/1/34, MBS (k)	Aaa/AAA		797,220
	16	6.50%, 10/1/34, MBS	Aaa/AAA		17,646
	472	6.50%, 11/1/34, MBS (k)	Aaa/AAA		529,571
	309	6.50%, 12/1/34, MBS (k)	Aaa/AAA		346,954
	32	6.50%, 1/1/35, MBS (k)	Aaa/AAA		36,350
	190	6.50%, 2/1/35, MBS (k)	Aaa/AAA		214,118
	123	6.50%, 4/1/35, MBS (k)	Aaa/AAA		138,949
	55	6.50%, 7/1/35, MBS (k)	Aaa/AAA		62,056
	214	6.50%, 10/1/35, MBS (k)	Aaa/AAA		241,076
	1,059	6.50%, 6/1/36, MBS (k)	Aaa/AAA		1,189,272
	3,725	6.50%, 12/1/36, MBS (k)	Aaa/AAA		4,148,211
	394	6.50%, 4/1/37, MBS (k)	Aaa/AAA		434,216
	2,804	6.50%, 2/1/38, MBS (k)	Aaa/AAA		3,126,246
	1,458	6.50%, 7/1/39, MBS (k)	Aaa/AAA		1,623,869
	1,230	6.50%, 12/25/41, CMO (k)	Aaa/AAA		1,404,890
	3,480	6.50%, 7/25/42, CMO (k)	Aaa/AAA		3,976,140
	301	6.50%, 8/25/42, CMO (k)	Aaa/AAA		344,241
	3,891	6.50%, 9/25/42, CMO (k)	Aaa/AAA		4,370,788
	49	6.50%, 10/25/42, CMO	Aaa/AAA		56,305
	80	6.50%, 12/25/42, CMO	Aaa/AAA		91,972
	1,459	6.50%, 6/25/44, CMO (k)	Aaa/AAA		1,666,174
	246	6.50%, 11/1/47, MBS (k)	Aaa/AAA		268,952
	61	6.85%, 12/18/27, CMO	Aaa/AAA		70,119
	89	7.00%, 7/18/12, CMO	Aaa/AAA		92,222
	51	7.00%, 1/1/13, MBS (k)	Aaa/AAA		52,921
	19	7.00%, 2/1/15, MBS	Aaa/AAA		20,916
	207	7.00%, 3/1/16, MBS (k)	Aaa/AAA		230,503
	90	7.00%, 5/1/16, MBS (k)	Aaa/AAA		98,630
	81	7.00%, 11/1/16, MBS (k)	Aaa/AAA		84,638
	350	7.00%, 5/1/17, MBS (k)	Aaa/AAA		385,482
	86	7.00%, 11/1/17, MBS (k)	Aaa/AAA		93,624
	696	7.00%, 7/1/21, MBS (k)	Aaa/AAA		760,221
	128	7.00%, 11/1/24, MBS (k)	Aaa/AAA		145,673
	10	7.00%, 10/1/25, MBS	Aaa/AAA		11,230
	47	7.00%, 6/18/27, CMO	Aaa/AAA		54,078
	5	7.00%, 9/1/27, MBS	Aaa/AAA		6,287
	10	7.00%, 11/1/27, MBS	Aaa/AAA		11,299
	35	7.00%, 12/1/27, MBS (k)	Aaa/AAA		40,457
	3	7.00%, 5/1/28, MBS	Aaa/AAA		3,395
	18	7.00%, 6/1/28, MBS	Aaa/AAA		20,786
	52	7.00%, 2/1/29, MBS (k)	Aaa/AAA		59,614
	144	7.00%, 3/1/29, MBS (k)	Aaa/AAA		164,547

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
		Fannie Mae (continued)
$	140	7.00%, 4/1/29, MBS (k)		Aaa/AAA	$	159,144
	73	7.00%, 5/1/29, MBS (k)		Aaa/AAA		83,973
	55	7.00%, 6/1/29, MBS (k)		Aaa/AAA		63,772
	31	7.00%, 7/1/29, MBS (k)		Aaa/AAA		35,343
	81	7.00%, 9/1/29, MBS (k)		Aaa/AAA		92,433
	31	7.00%, 10/1/29, MBS		Aaa/AAA		36,147
	1	7.00%, 11/1/29, MBS		Aaa/AAA		959
	15	7.00%, 3/1/30, MBS		Aaa/AAA		16,778
	6,002	7.00%, 4/1/30, MBS (k)		Aaa/AAA		6,863,971
	137	7.00%, 5/1/30, MBS (k)		Aaa/AAA		157,585
	14	7.00%, 4/1/31, MBS		Aaa/AAA		16,000
	11	7.00%, 6/1/31, MBS		Aaa/AAA		12,226
	39	7.00%, 7/1/31, MBS		Aaa/AAA		44,540
	106	7.00%, 8/1/31, MBS (k)		Aaa/AAA		121,831
	103	7.00%, 9/1/31, MBS (k)		Aaa/AAA		117,877
	14	7.00%, 11/1/31, MBS		Aaa/AAA		15,994
	147	7.00%, 12/1/31, MBS (k)		Aaa/AAA		169,053
	71	7.00%, 1/1/32, MBS (k)		Aaa/AAA		78,792
	156	7.00%, 2/1/32, MBS (k)		Aaa/AAA		178,003
	52	7.00%, 4/1/32, MBS (k)		Aaa/AAA		60,114
	148	7.00%, 5/1/32, MBS (k)		Aaa/AAA		170,080
	145	7.00%, 6/1/32, MBS (k)		Aaa/AAA		167,158
	66	7.00%, 7/1/32, MBS (k)		Aaa/AAA		75,615
	25	7.00%, 8/1/32, MBS		Aaa/AAA		28,804
	369	7.00%, 9/25/32, CMO (k)		Aaa/AAA		432,990
	186	7.00%, 9/1/33, MBS (k)		Aaa/AAA		209,517
	356	7.00%, 11/1/33, MBS (k)		Aaa/AAA		402,389
	605	7.00%, 1/1/34, MBS (k)		Aaa/AAA		679,105
	159	7.00%, 7/1/34, MBS (k)		Aaa/AAA		177,206
	149	7.00%, 2/25/35, CMO		Aaa/AAA		180,697
	161	7.00%, 3/1/35, MBS (k)		Aaa/AAA		182,138
	2,828	7.00%, 7/1/36, MBS (k)		Aaa/AAA		3,146,944
	1,627	7.00%, 9/25/41, CMO, VRN (k)		Aaa/AAA		1,892,290
	186	7.00%, 10/25/41, CMO		Aaa/AAA		218,669
	81	7.00%, 7/25/42, CMO		Aaa/AAA		94,874
	421	7.00%, 11/25/43, CMO (k)		Aaa/AAA		492,844
	378	7.00%, 2/25/44, CMO (k)		Aaa/AAA		443,649
	2,408	7.00%, 3/25/45, CMO (k)		Aaa/AAA		2,728,569
	319	7.00%, 12/1/46, MBS (k)		Aaa/AAA		354,312
	384	7.00%, 1/1/47, MBS (k)		Aaa/AAA		427,083
	1,336	7.434%, 2/25/42, CMO, VRN (k)		Aaa/AAA		1,575,978
	592	7.50%, 6/1/17, MBS (k)		Aaa/AAA		646,221
	47	7.50%, 12/1/17, MBS (k)		Aaa/AAA		53,344
	432	7.50%, 5/1/22, MBS (k)		Aaa/AAA		496,439
	59	7.50%, 10/25/22, CMO		Aaa/AAA		70,390
	733	7.50%, 4/1/24, MBS (k)		Aaa/AAA		832,972
	56	7.50%, 11/25/26, CMO		Aaa/AAA		63,192
	211	7.50%, 6/19/30, CMO, VRN		Aaa/AAA		243,569
	212	7.50%, 6/25/30, CMO		Aaa/AAA		252,696
	47	7.50%, 7/1/31, MBS (k)		Aaa/AAA		54,220
	105	7.50%, 5/1/32, MBS (k)		Aaa/AAA		120,333

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
		Fannie Mae (continued)
$	90	7.50%, 9/1/37, MBS (k)		Aaa/AAA	$	100,817
	1,225	7.50%, 7/25/41, CMO (k)		Aaa/AAA		1,411,079
	77	7.50%, 7/25/42, CMO		Aaa/AAA		91,247
	8	7.50%, 8/25/42, CMO		Aaa/AAA		9,756
	1,164	7.50%, 10/25/42, CMO (k)		Aaa/AAA		1,357,047
	693	7.50%, 3/25/44, CMO (k)		Aaa/AAA		824,460
	2,704	7.50%, 6/25/44, CMO (k)		Aaa/AAA		3,171,647
	92	7.70%, 3/25/23, CMO		Aaa/AAA		107,476
	8	8.00%, 4/1/19, MBS		Aaa/AAA		9,111
	347	8.00%, 9/25/21, CMO (k)		Aaa/AAA		416,998
	3	8.00%, 1/1/22, MBS		Aaa/AAA		3,427
	4	8.00%, 12/1/22, MBS		Aaa/AAA		4,614
	7	8.00%, 6/1/24, MBS		Aaa/AAA		8,141
	300	8.00%, 9/1/24, MBS (k)		Aaa/AAA		345,702
	1	8.00%, 12/1/24, MBS		Aaa/AAA		1,623
	2	8.00%, 9/1/27, MBS		Aaa/AAA		2,932
	20	8.00%, 4/1/30, MBS		Aaa/AAA		23,048
	84	8.00%, 5/1/30, MBS (k)		Aaa/AAA		98,983
	1,868	8.00%, 7/19/30, CMO, VRN (k)		Aaa/AAA		2,239,826
	39	8.00%, 8/1/30, MBS (k)		Aaa/AAA		45,850
	1	8.00%, 9/1/30, MBS		Aaa/AAA		1,274
	1	8.00%, 10/1/30, MBS		Aaa/AAA		1,385
	15	8.00%, 1/1/31, MBS		Aaa/AAA		18,237
	12	8.00%, 3/1/31, MBS		Aaa/AAA		14,149
	118	8.00%, 5/1/31, MBS (k)		Aaa/AAA		137,940
	292	8.00%, 7/1/31, MBS (k)		Aaa/AAA		340,616
	33	8.00%, 8/1/31, MBS		Aaa/AAA		39,009
	345	8.00%, 10/1/31, MBS (k)		Aaa/AAA		397,919
	64	8.00%, 11/1/31, MBS (k)		Aaa/AAA		74,993
	29	8.00%, 1/1/32, MBS (k)		Aaa/AAA		33,642
	96	8.00%, 5/1/32, MBS (k)		Aaa/AAA		112,804
	12	8.00%, 6/1/32, MBS		Aaa/AAA		14,100
	110	8.00%, 1/1/35, MBS (k)		Aaa/AAA		123,309
	43	8.50%, 4/1/16, MBS (k)		Aaa/AAA		46,051
	588	8.50%, 9/25/21, CMO (k)		Aaa/AAA		714,668
	546	8.50%, 10/25/21, CMO (k)		Aaa/AAA		664,856
	371	8.50%, 12/25/21, CMO (k)		Aaa/AAA		446,789
	1,356	8.50%, 6/18/27, CMO (k)		Aaa/AAA		1,650,538
	214	8.50%, 6/25/30, CMO (k)		Aaa/AAA		254,096
	419	8.50%, 6/1/36, MBS (k)		Aaa/AAA		470,613
	911	9.417%, 5/15/21, MBS (k)		Aaa/AAA		1,052,265
	284	10.049%, 7/15/27, MBS (k)		Aaa/AAA		324,141
	10	10.30%, 4/25/19, CMO		Aaa/AAA		10,056

						517,153,670

		Federal Housing Administration—0.8%
	3,218	7.25%, 8/1/31 (f)		Aaa/AAA		3,239,483
	163	7.43%, 6/1/24 (f)		Aaa/AAA		163,184

						3,402,667

		Freddie Mac—30.5%
	75	2.547%, 9/1/31, FRN, MBS (k)		Aaa/AAA		75,521
	10	2.699%, 12/1/26, FRN, MBS		Aaa/AAA		10,899

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
		Freddie Mac (continued)
$	9	2.716%, 4/1/33, FRN, MBS		Aaa/AAA	$	9,271
	3,000	4.00%, MBS, TBA (e)		Aaa/AAA		3,089,064
	79	5.00%, 10/15/16, CMO		Aaa/AAA		80,555
	83	5.00%, 11/15/16, CMO		Aaa/AAA		84,374
	54	5.00%, 2/15/24, CMO		Aaa/AAA		59,019
	59	6.00%, 10/15/12, CMO		Aaa/AAA		58,947
	245	6.00%, 9/15/16, CMO		Aaa/AAA		261,100
	2,571	6.00%, 12/15/16, CMO (k)		Aaa/AAA		2,770,450
	34	6.00%, 3/15/17, CMO		Aaa/AAA		36,300
	987	6.00%, 4/1/17, MBS (k)		Aaa/AAA		1,068,831
	803	6.00%, 12/15/28, CMO (k)		Aaa/AAA		871,660
	1,236	6.00%, 2/15/31, CMO (k)		Aaa/AAA		1,340,788
	772	6.00%, 4/15/31, CMO (k)		Aaa/AAA		849,203
	1,648	6.00%, 9/25/31, CMO (k)		Aaa/AAA		1,838,462
	15,883	6.00%, 2/15/32, CMO (k)		Aaa/AAA		17,555,393
	7	6.00%, 2/1/33, MBS		Aaa/AAA		7,258
	1,629	6.00%, 3/1/33, MBS (k)		Aaa/AAA		1,763,963
	47	6.00%, 2/1/34, MBS (k)		Aaa/AAA		52,641
	126	6.00%, 3/15/35, CMO		Aaa/AAA		148,611
	938	6.50%, 11/1/16, MBS (k)		Aaa/AAA		1,028,701
	58	6.50%, 4/15/18, CMO		Aaa/AAA		58,167
	18	6.50%, 8/1/21, MBS		Aaa/AAA		19,699
	160	6.50%, 9/15/23, CMO		Aaa/AAA		175,769
	2,624	6.50%, 10/15/23, CMO (k)		Aaa/AAA		2,745,162
	407	6.50%, 12/15/23, CMO		Aaa/AAA		443,665
	404	6.50%, 3/15/26, CMO (k)		Aaa/AAA		444,266
	1,114	6.50%, 2/15/28, CMO (k)		Aaa/AAA		1,239,158
	2,085	6.50%, 5/15/29, CMO (k)		Aaa/AAA		2,295,816
	9	6.50%, 6/1/29, MBS		Aaa/AAA		9,852
	251	6.50%, 7/15/29, CMO (k)		Aaa/AAA		286,608
	10,081	6.50%, 6/15/31, CMO (k)		Aaa/AAA		11,506,597
	5,503	6.50%, 9/15/31, CMO (k)		Aaa/AAA		6,290,609
	100	6.50%, 12/15/31, CMO		Aaa/AAA		104,862
	451	6.50%, 2/15/32, CMO (k)		Aaa/AAA		510,455
	1,000	6.50%, 6/15/32, CMO (k)		Aaa/AAA		1,142,822
	5,217	6.50%, 7/15/32, CMO (k)		Aaa/AAA		5,962,459
	2,239	6.50%, 7/1/37, MBS (k)		Aaa/AAA		2,453,839
	118	6.50%, 2/25/43, CMO		Aaa/AAA		134,682
	109	6.50%, 9/25/43, CMO, VRN		Aaa/AAA		125,166
	625	6.50%, 10/25/43, CMO (k)		Aaa/AAA		715,468
	5,335	6.50%, 3/25/44, CMO (k)		Aaa/AAA		6,106,650
	379	6.50%, 9/1/47, MBS (k)		Aaa/AAA		415,310
	494	6.50%, 9/1/48, MBS (k)		Aaa/AAA		540,991
	118	6.50%, 10/1/48, MBS (k)		Aaa/AAA		129,804
	1,010	6.825%, 7/25/32, CMO, VRN (k)		Aaa/AAA		1,146,297
	1,453	6.90%, 9/15/23, CMO (k)		Aaa/AAA		1,686,908
	716	6.95%, 7/15/21, CMO (k)		Aaa/AAA		851,492
	5	7.00%, 3/1/12, MBS		Aaa/AAA		5,164
	16	7.00%, 7/15/12, CMO		Aaa/AAA		16,030
	92	7.00%, 9/1/12, MBS (k)		Aaa/AAA		96,988

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
		Freddie Mac (continued)
$	10	7.00%, 10/1/12, MBS	Aaa/AAA	$	10,129
	10	7.00%, 11/1/12, MBS	Aaa/AAA		10,120
	10	7.00%, 12/1/12, MBS	Aaa/AAA		10,992
	348	7.00%, 7/1/13, MBS (k)	Aaa/AAA		367,933
	9	7.00%, 1/1/14, MBS	Aaa/AAA		9,484
	325	7.00%, 9/1/14, MBS (k)	Aaa/AAA		349,971
	86	7.00%, 11/1/14, MBS (k)	Aaa/AAA		93,239
	25	7.00%, 7/1/15, MBS	Aaa/AAA		26,882
	9	7.00%, 8/1/15, MBS	Aaa/AAA		9,786
	41	7.00%, 4/1/16, MBS (k)	Aaa/AAA		44,292
	4	7.00%, 6/1/16, MBS	Aaa/AAA		4,134
	36	7.00%, 7/1/16, MBS (k)	Aaa/AAA		39,395
	10	7.00%, 11/1/16, MBS	Aaa/AAA		11,397
	9	7.00%, 3/1/17, MBS	Aaa/AAA		9,836
	663	7.00%, 6/1/17, MBS (k)	Aaa/AAA		706,124
	420	7.00%, 8/1/21, MBS (k)	Aaa/AAA		458,349
	765	7.00%, 9/1/21, MBS (k)	Aaa/AAA		834,925
	516	7.00%, 5/15/23, CMO (k)	Aaa/AAA		525,567
	1,378	7.00%, 1/15/24, CMO (k)	Aaa/AAA		1,472,051
	73	7.00%, 3/15/24, CMO	Aaa/AAA		85,092
	73	7.00%, 5/15/24, CMO	Aaa/AAA		85,338
	9	7.00%, 7/1/24, MBS	Aaa/AAA		9,930
	739	7.00%, 9/15/25, CMO (k)	Aaa/AAA		858,129
	1,009	7.00%, 7/15/27, CMO (k)	Aaa/AAA		1,169,756
	4,311	7.00%, 3/15/29, CMO (k)	Aaa/AAA		4,646,152
	93	7.00%, 3/1/31, MBS (k)	Aaa/AAA		105,310
	1,722	7.00%, 6/15/31, CMO (k)	Aaa/AAA		1,997,251
	692	7.00%, 10/1/31, MBS (k)	Aaa/AAA		786,217
	291	7.00%, 1/1/32, MBS (k)	Aaa/AAA		330,608
	24	7.00%, 3/1/32, MBS (k)	Aaa/AAA		26,831
	51	7.00%, 4/1/32, MBS (k)	Aaa/AAA		57,759
	413	7.00%, 1/1/36, MBS (k)	Aaa/AAA		469,532
	2,609	7.00%, 6/1/36, MBS (k)	Aaa/AAA		2,900,411
	643	7.00%, 7/1/36, MBS (k)	Aaa/AAA		715,150
	4,390	7.00%, 8/1/36, MBS (k)	Aaa/AAA		4,879,774
	2,066	7.00%, 9/1/36, MBS (k)	Aaa/AAA		2,296,166
	1,174	7.00%, 11/1/36, MBS (k)	Aaa/AAA		1,303,515
	451	7.00%, 12/1/36, MBS (k)	Aaa/AAA		501,744
	2,676	7.00%, 1/1/37, MBS (k)	Aaa/AAA		2,974,935
	907	7.00%, 2/25/43, CMO (k)	Aaa/AAA		1,044,434
	376	7.00%, 9/25/43, CMO (k)	Aaa/AAA		438,185
	120	7.00%, 10/25/43, CMO	Aaa/AAA		136,277
	242	7.371%, 7/25/32, CMO, VRN (k)	Aaa/AAA		284,160
	68	7.50%, 1/1/16, MBS (k)	Aaa/AAA		73,022
	1,325	7.50%, 5/15/24, CMO (k)	Aaa/AAA		1,575,823
	234	7.50%, 8/1/24, MBS (k)	Aaa/AAA		267,685
	2	7.50%, 6/1/25, MBS	Aaa/AAA		2,483
	23	7.50%, 12/1/25, MBS	Aaa/AAA		25,766
	7	7.50%, 1/1/26, MBS	Aaa/AAA		8,075
	16	7.50%, 2/1/26, MBS	Aaa/AAA		17,853
	23	7.50%, 3/1/26, MBS	Aaa/AAA		26,256

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)	Value*
			Freddie Mac (continued)
$	31		7.50%, 4/1/26, MBS (k)	Aaa/AAA	$	34,776
	26		7.50%, 5/1/26, MBS	Aaa/AAA		29,567
	260		7.50%, 6/1/26, MBS (k)	Aaa/AAA		296,111
	196		7.50%, 7/1/26, MBS (k)	Aaa/AAA		222,478
	50		7.50%, 8/1/26, MBS	Aaa/AAA		56,601
	14		7.50%, 11/1/26, MBS	Aaa/AAA		15,892
	500		7.50%, 12/1/26, MBS (k)	Aaa/AAA		569,664
	192		7.50%, 3/15/28, CMO	Aaa/AAA		225,812
	3,723		7.50%, 4/1/28, MBS (k)	Aaa/AAA		4,242,345
	3		7.50%, 2/1/30, MBS	Aaa/AAA		4,521
	1		7.50%, 4/1/30, MBS	Aaa/AAA		1,144
	—	(g)	7.50%, 6/1/30, MBS	Aaa/AAA		83
	10		7.50%, 10/1/30, MBS	Aaa/AAA		11,940
	23		7.50%, 11/1/30, MBS	Aaa/AAA		26,560
	1,138		7.50%, 12/1/30, MBS (k)	Aaa/AAA		1,296,113
	750		7.50%, 5/1/32, MBS (k)	Aaa/AAA		853,733
	28		7.50%, 7/1/33, MBS (k)	Aaa/AAA		31,261
	86		7.50%, 7/1/34, MBS (k)	Aaa/AAA		95,766
	618		7.50%, 3/1/37, MBS (k)	Aaa/AAA		687,502
	74		7.50%, 2/25/42, CMO	Aaa/AAA		86,460
	78		8.00%, 8/15/22, CMO	Aaa/AAA		93,273
	41		8.00%, 7/1/24, MBS	Aaa/AAA		47,135
	58		8.00%, 8/1/24, MBS (k)	Aaa/AAA		66,422
	671		8.00%, 12/1/26, MBS (k)	Aaa/AAA		771,746
	196		8.00%, 4/15/30, CMO	Aaa/AAA		233,373
	198		8.50%, 4/15/22, CMO	Aaa/AAA		238,740
	415		8.50%, 10/1/30, MBS (k)	Aaa/AAA		466,901

						126,521,910

			Ginnie Mae—10.9%
	199		5.50%, 6/20/35, FRN, MBS (k)	Aaa/AAA		208,498
	29		6.00%, 4/15/29, MBS (k)	Aaa/AAA		32,562
	3		6.00%, 8/15/31, MBS	Aaa/AAA		3,126
	63		6.00%, 2/15/36, MBS (k)	Aaa/AAA		69,841
	22		6.00%, 6/15/36, MBS	Aaa/AAA		24,429
	11		6.00%, 7/15/36, MBS	Aaa/AAA		11,675
	39		6.00%, 9/15/36, MBS (k)	Aaa/AAA		43,355
	75		6.00%, 10/15/36, MBS (k)	Aaa/AAA		82,812
	65		6.00%, 12/15/36, MBS (k)	Aaa/AAA		72,221
	17		6.00%, 6/15/37, MBS	Aaa/AAA		18,659
	1,672		6.00%, 7/15/37, MBS (k)	Aaa/AAA		1,850,566
	48		6.00%, 11/15/37, MBS (k)	Aaa/AAA		53,225
	83		6.00%, 12/15/37, MBS (k)	Aaa/AAA		91,790
	252		6.00%, 3/15/38, MBS (k)	Aaa/AAA		279,706
	651		6.00%, 9/15/38, MBS (k)	Aaa/AAA		728,260
	1,347		6.00%, 10/15/38, MBS (k)	Aaa/AAA		1,486,842
	4,524		6.00%, 11/15/38, MBS (k)	Aaa/AAA		5,041,045
	33		6.00%, 12/15/38, MBS (k)	Aaa/AAA		36,934
	14,000		6.00%, MBS, TBA (e)	Aaa/AAA		15,369,382
	100		6.50%, 11/20/24, MBS (k)	Aaa/AAA		112,698
	1,574		6.50%, 9/15/28, MBS (k)	Aaa/AAA		1,793,495

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)	Value*
			Ginnie Mae (continued)
$	1,797		6.50%, 10/15/31, MBS (k)	Aaa/AAA	$	2,040,270
	1,155		6.50%, 1/15/32, MBS (k)	Aaa/AAA		1,304,945
	1,650		6.50%, 2/15/32, MBS (k)	Aaa/AAA		1,864,639
	855		6.50%, 4/15/32, MBS (k)	Aaa/AAA		966,115
	1,186		6.50%, 5/15/32, MBS (k)	Aaa/AAA		1,340,340
	63		6.50%, 6/20/32, CMO	Aaa/AAA		69,947
	115		6.50%, 9/20/34, MBS (k)	Aaa/AAA		128,882
	470		6.50%, 8/20/38, MBS (k)	Aaa/AAA		515,022
	175		6.50%, 10/20/38, MBS (k)	Aaa/AAA		188,617
	1,077		6.50%, 2/15/39, MBS (k)	Aaa/AAA		1,204,596
	3		7.00%, 4/15/24, MBS	Aaa/AAA		3,609
	26		7.00%, 7/15/25, MBS (k)	Aaa/AAA		29,990
	30		7.00%, 9/15/25, MBS	Aaa/AAA		34,822
	21		7.00%, 11/15/25, MBS	Aaa/AAA		24,671
	9		7.00%, 12/15/25, MBS	Aaa/AAA		10,609
	23		7.00%, 3/15/26, MBS	Aaa/AAA		26,341
	7		7.00%, 4/15/26, MBS	Aaa/AAA		8,574
	2		7.00%, 5/15/26, MBS	Aaa/AAA		2,350
	48		7.00%, 6/15/26, MBS (k)	Aaa/AAA		55,068
	3,698		7.00%, 3/20/31, CMO (k)	Aaa/AAA		4,333,398
	5		7.50%, 1/15/17, MBS	Aaa/AAA		6,048
	2		7.50%, 2/15/17, MBS	Aaa/AAA		2,664
	4		7.50%, 3/15/17, MBS	Aaa/AAA		4,024
	3		7.50%, 4/15/17, MBS	Aaa/AAA		3,041
	5		7.50%, 5/15/17, MBS	Aaa/AAA		6,051
	2		7.50%, 7/15/17, MBS	Aaa/AAA		2,486
	1		7.50%, 6/15/23, MBS	Aaa/AAA		921
	11		7.50%, 10/15/25, MBS	Aaa/AAA		12,307
	—	(g)	7.50%, 2/15/26, MBS	Aaa/AAA		454
	114		7.50%, 3/15/26, MBS (k)	Aaa/AAA		132,267
	142		7.50%, 6/20/26, CMO	Aaa/AAA		168,214
	262		7.50%, 9/15/26, MBS (k)	Aaa/AAA		303,291
	9		7.50%, 12/15/26, MBS	Aaa/AAA		10,795
	3		7.50%, 1/15/27, MBS	Aaa/AAA		3,942
	4		7.50%, 2/15/27, MBS	Aaa/AAA		4,739
	57		7.50%, 3/15/27, MBS (k)	Aaa/AAA		65,989
	290		7.50%, 4/15/27, MBS (k)	Aaa/AAA		337,456
	7		7.50%, 5/15/27, MBS	Aaa/AAA		6,887
	112		7.50%, 6/15/27, MBS (k)	Aaa/AAA		129,069
	164		7.50%, 7/15/27, MBS (k)	Aaa/AAA		189,994
	48		7.50%, 8/15/27, MBS (k)	Aaa/AAA		55,994
	58		7.50%, 12/15/27, MBS (k)	Aaa/AAA		66,780
	346		7.50%, 1/15/28, MBS (k)	Aaa/AAA		401,299
	87		7.50%, 2/15/28, MBS (k)	Aaa/AAA		101,307
	165		7.50%, 1/15/29, MBS (k)	Aaa/AAA		191,454
	202		7.50%, 2/15/29, MBS (k)	Aaa/AAA		235,380
	6		7.50%, 3/15/29, MBS	Aaa/AAA		6,647
	4		8.00%, 6/15/16, MBS	Aaa/AAA		4,196
	—	(g)	8.00%, 7/15/16, MBS	Aaa/AAA		177
	10		8.00%, 1/15/17, MBS	Aaa/AAA		9,793
	—	(g)	8.00%, 2/15/17, MBS	Aaa/AAA		222

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)	Value*
			Ginnie Mae (continued)
$	8		8.00%, 3/15/17, MBS	Aaa/AAA	$	9,446
	19		8.00%, 4/15/17, MBS	Aaa/AAA		21,353
	14		8.00%, 5/15/17, MBS	Aaa/AAA		15,323
	8		8.00%, 6/15/17, MBS	Aaa/AAA		7,609
	10		8.00%, 7/15/17, MBS	Aaa/AAA		11,350
	1		8.00%, 1/15/20, MBS	Aaa/AAA		579
	—	(g)	8.00%, 5/15/21, MBS	Aaa/AAA		169
	6		8.00%, 11/15/21, MBS	Aaa/AAA		7,137
	5		8.00%, 12/15/21, MBS	Aaa/AAA		5,403
	8		8.00%, 4/15/22, MBS	Aaa/AAA		9,537
	—	(g)	8.00%, 5/15/22, MBS	Aaa/AAA		386
	6		8.00%, 11/15/22, MBS	Aaa/AAA		7,160
	347		8.00%, 3/20/30, CMO (k)	Aaa/AAA		417,528
	—	(g)	8.50%, 10/15/16, MBS	Aaa/AAA		215
	—	(g)	8.50%, 5/15/22, MBS	Aaa/AAA		234
	1		8.50%, 1/15/23, MBS	Aaa/AAA		1,073
	7		8.50%, 4/15/23, MBS	Aaa/AAA		8,772
	2		8.50%, 8/15/30, MBS	Aaa/AAA		2,297
	12		8.50%, 2/15/31, MBS	Aaa/AAA		14,294
	14		9.00%, 6/15/16, MBS	Aaa/AAA		15,751
	37		9.00%, 11/15/16, MBS (k)	Aaa/AAA		40,703
	52		9.00%, 12/15/16, MBS (k)	Aaa/AAA		57,998
	22		9.00%, 9/15/17, MBS	Aaa/AAA		22,472
	48		9.00%, 12/15/17, MBS (k)	Aaa/AAA		54,002
	60		9.00%, 3/15/18, MBS (k)	Aaa/AAA		68,962
	45		9.00%, 5/15/18, MBS (k)	Aaa/AAA		51,627
	21		9.00%, 6/15/18, MBS	Aaa/AAA		20,836
	213		9.00%, 10/15/19, MBS (k)	Aaa/AAA		246,550
	156		9.00%, 11/15/19, MBS (k)	Aaa/AAA		180,502
	82		9.00%, 1/15/20, MBS (k)	Aaa/AAA		95,878

						45,422,960

			Small Business Administration Participation Certificates—5.1%
	590		4.625%, 2/1/25, ABS	Aaa/AAA		639,967
	515		4.754%, 8/10/14, ABS	Aaa/AAA		550,563
	597		5.038%, 3/1/15, ABS	Aaa/AAA		644,211
	1,536		5.51%, 11/1/27, ABS	Aaa/AAA		1,729,454
	14,658		5.60%, 9/1/28, ABS	Aaa/AAA		16,493,673
	143		5.78%, 8/1/27, ABS	Aaa/AAA		159,251
	147		5.82%, 7/1/27, ABS	Aaa/AAA		164,025
	114		6.30%, 7/1/13	Aaa/AAA		116,567
	313		6.30%, 6/1/18	Aaa/AAA		343,000
	106		6.40%, 8/1/13	Aaa/AAA		109,669
	45		7.20%, 6/1/17	Aaa/AAA		49,512
	30		7.70%, 7/1/16	Aaa/AAA		33,188

						21,033,080

			Vendee Mortgage Trust—1.7%
	466		6.50%, 3/15/29, CMO	Aaa/AAA		533,060
	92		6.75%, 2/15/26, CMO	Aaa/AAA		106,832
	208		6.75%, 6/15/26, CMO	Aaa/AAA		244,568
	5,558		7.50%, 9/15/30, CMO	Aaa/AAA		6,008,436

						6,892,896

			Total U.S. Government Agency Securities (cost—$691,532,508)			720,427,183

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
	CORPORATE BONDS & NOTES—59.2%
	Airlines—3.1%
$	3,000	American Airlines, Inc., 10.50%, 10/15/12		B2/B	$	3,277,500
	947	Northwest Airlines, Inc., 1.095%, 5/20/14, FRN (MBIA)(k)		Baa2/A-		852,283
		United Air Lines Pass Through Trust,
	2,607	6.636%, 1/2/24		Baa2/BB+		2,671,699
	952	9.75%, 1/15/17		Baa2/BBB+		1,118,278
	4,385	10.40%, 5/1/18 (k)		Baa2/BBB+		4,955,454

						12,875,214

	Banking—9.7%
£	1,100	Barclays Bank PLC, 14.00%, 6/15/19 (h)		Baa2/A-		2,268,698
$	7,700	Discover Bank, 7.00%, 4/15/20		Ba1/BBB-		8,513,312
		Rabobank Nederland NV,
€	2,000	6.875%, 3/19/20		NR/NR		2,788,549
$	5,900	11.00%, 6/30/19 (a)(d)(h)(k)		A2/AA-		7,900,442
	13,000	Regions Financial Corp., 7.75%, 11/10/14 (k)		Baa3/BBB-		14,238,679
		Royal Bank of Scotland PLC, FRN,
	2,000	0.489%, 4/11/16		Baa3/BBB		1,745,808
	3,000	1.029%, 9/29/15		Baa3/BBB		2,619,603

						40,075,091

	Energy—0.2%
	625	Consol Energy, Inc., 8.25%, 4/1/20 (a)(d)		B1/BB		700,000

	Financial Services—27.5%
		Ally Financial, Inc.,
	3,000	6.75%, 12/1/14		B3/B		3,140,475
	6,100	8.30%, 2/12/15 (a)(d)		B3/B		6,664,250
	3,100	American General Finance Corp., 0.542%, 12/15/11, FRN		B3/B		2,875,191
	1,800	C10 Capital SPV Ltd., 6.722%, 12/31/16 (h)		NR/B-		1,257,646
	3,000	Cantor Fitzgerald L.P., 6.375%, 6/26/15 (a)(d)(k)		Baa3/BBB		3,100,731
		CIT Group, Inc.,
	2,335	7.00%, 5/1/13		B3/B+		2,375,633
	502	7.00%, 5/1/14		B3/B+		507,183
	502	7.00%, 5/1/15		B3/B+		504,044
	837	7.00%, 5/1/16		B3/B+		837,983
	1,172	7.00%, 5/1/17		B3/B+		1,171,714
		Citigroup, Inc. (k),
	9,000	5.00%, 9/15/14		Baa1/A-		9,441,711
	10,000	5.625%, 8/27/12		Baa1/A-		10,581,780
	2,500	Credit Agricole S.A., 6.637%, 5/31/17 (a)(d)(h)(k)		A3/A-		2,396,875
		Ford Motor Credit Co. LLC,
	1,000	6.625%, 8/15/17		Ba2/B+		1,120,112
	10,000	8.70%, 10/1/14 (k)		Ba2/B+		11,516,280
		General Electric Capital Corp.,
	5,000	4.375%, 9/16/20 (k)		Aa2/AA+		5,053,615
£	3,000	6.50%, 9/15/67, (converts to FRN on 9/15/17)		Aa3/A+		4,484,635
		International Lease Finance Corp. (a)(d),
$	2,000	6.75%, 9/1/16		Ba3/BBB-		2,190,000
	7,000	7.125%, 9/1/18		Ba3/BBB-		7,735,000
	5,000	Lyondell Chemical Co., 8.00%, 11/1/17 (a)(d)		Ba3/BB		5,487,500

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)		Value*
Financial Services (continued)
	$	4,000	Merrill Lynch & Co., Inc., 0.749%, 1/15/15, FRN (k)		A2/A	$	3,772,008
			Morgan Stanley,
		8,000	0.739%, 10/18/16, FRN (k)		A2/A		7,128,720
	AUD	2,700	5.08%, 3/1/13, FRN		A2/NR		2,542,936
	$	1,000	6.625%, 4/1/18 (k)		A2/A		1,124,898
			SLM Corp.,
	€	1,000	1.149%, 11/15/11, FRN		Ba1/BBB-		1,329,121
	€	1,500	3.125%, 9/17/12		Ba1/BBB-		2,012,863
	$	570	3.285%, 2/1/14, FRN		Ba1/BBB-		500,340
	€	2,000	4.75%, 3/17/14		Ba1/BBB-		2,597,835
	$	1,000	8.00%, 3/25/20		Ba1/BBB-		1,012,555
		2,500	8.45%, 6/15/18		Ba1/BBB-		2,622,745
		1,800	UBS AG, 5.875%, 12/20/17 (k)		Aa3/A+		2,066,292
		5,000	Waha Aerospace BV, 3.925%, 7/28/20 (a)(d)(k)		Aa2/AA		5,114,845

							114,267,516

Healthcare & Hospitals—0.4%
		1,500	HCA, Inc., 9.00%, 12/15/14		Caa1/B-		1,603,125

Hotels/Gaming—0.0%
		100	MGM Resorts International, 9.00%, 3/15/20 (a)(d)		B1/B		109,875

Insurance—7.6%
			American International Group, Inc.,
		13,400	5.85%, 1/16/18 (k)		A3/A-		14,237,500
		3,000	6.25%, 5/1/36 (k)		A3/A-		3,003,750
		9,700	8.25%, 8/15/18 (k)		A3/A-		11,627,875
	£	1,750	8.625%, 5/22/68, (converts to FRN on 5/22/18)		Ba2/BBB		2,895,827

							31,764,952

Oil & Gas—7.5%
			Anadarko Petroleum Corp.,
	$	600	6.20%, 3/15/40		Ba1/BBB-		579,144
		3,600	6.375%, 9/15/17		Ba1/BBB-		4,005,173
		4,500	6.45%, 9/15/36		Ba1/BBB-		4,496,737
		7,000	BP Capital Markets PLC, 4.75%, 3/10/19 (k)		A2/A		7,453,327
			Gaz Capital S.A. for Gazprom,
	€	1,000	5.875%, 6/1/15 (a)(d)		Baa1/BBB		1,475,032
	$	3,000	8.625%, 4/28/34		Baa1/BBB		3,735,000
		2,000	Morgan Stanley Bank AG for OAO Gazprom, 9.625%, 3/1/13		Baa1/BBB		2,290,000
		1,250	Ras Laffan Liquefied Natural Gas Co., Ltd. III, 6.332%, 9/30/27 (b)		Aa2/A		1,411,119
		5,000	Shell International Finance BV, 5.50%, 3/25/40 (k)		Aa1/AA		5,532,860

							30,978,392

Real Estate Investment Trust—1.6%
		2,000	Kilroy Realty L.P., 5.00%, 11/3/15 (e)		Baa3/BBB-		2,023,812
		4,500	Reckson Operating Partnership L.P., 7.75%, 3/15/20		Ba2/BB+		4,812,314

							6,836,126

Retail—0.3%
		987	CVS Pass Through Trust, 7.507%, 1/10/32 (a)(d)(k)		Baa2/BBB+		1,157,552

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)					Credit Rating (Moody’s/S&P)	Value*
	Telecommunications—0.8%
		$	2,900	Telecom Italia Capital S.A., 7.20%, 7/18/36	Baa2/BBB	$	3,163,909

	Utilities—0.5%
			2,000	Energy Future Holdings Corp., 10.00%, 1/15/20 (a)(d)	Caa3/B+		2,105,072

				Total Corporate Bonds & Notes (cost—$208,820,676)			245,636,824

	MORTGAGE-BACKED SECURITIES—39.7%
			2,833	Banc of America Large Loan, Inc., 5.686%, 4/24/49, CMO, VRN (a)(d)(f)	NR/NR		2,661,241
			5,000	Bear Stearns Adjustable Rate Mortgage Trust,
				2.876%, 10/25/35, CMO, FRN	NR/BB		4,269,743
			954	Bear Stearns Alt-A Trust, 6.126%, 8/25/36, CMO, VRN	Caa3/CCC		632,261
			41	Citigroup Mortgage Loan Trust, Inc., 7.00%, 9/25/33, CMO	Aaa/NR		41,647
				Countrywide Alternative Loan Trust, CMO,
			1,762	6.25%, 8/25/37	Caa3/CC		1,269,549
			2,453	6.50%, 7/25/35	Ca/CCC		1,501,958
				Countrywide Home Loan Mortgage Pass Through Trust, CMO,
			1,441	4.209%, 8/25/34, FRN	A1/AA		970,260
			4,707	6.00%, 5/25/37	Caa2/NR		3,628,654
			5,003	7.50%, 11/25/34 (a)(d)	Baa1/NR		5,097,612
			710	7.50%, 6/25/35 (a)(d)	B1/BBB		563,388
				Credit Suisse First Boston Mortgage Securities Corp., CMO,
			570	1.406%, 3/25/34, FRN	Aa2/AA+		483,018
			1,266	7.00%, 2/25/34	Aa2/AAA		1,332,460
				Credit Suisse Mortgage Capital Certificates, CMO,
			6,000	0.426%, 10/15/21, FRN (a)(d)	Aa1/AAA		5,302,980
			2,306	5.695%, 9/15/40, VRN	NR/A-		2,401,483
		€	2,792	DECO Series, 1.192%, 10/27/20, CMO, FRN	Aaa/AAA		3,232,730
		$	6,480	Deutsche Mortgage Securities, Inc., 5.00%, 6/26/35, CMO, VRN (a)(d)	A3/AAA		4,593,286
		€	117	EMF-NL, 1.887%, 10/17/39, CMO, FRN	NR/AAA		159,989
		$	638	GMAC Mortgage Corp. Loan Trust, 5.153%, 8/19/34, CMO, FRN	Aa2/AAA		509,466
			3,444	GSAA Trust, 6.00%, 4/1/34, CMO	Aa1/AAA		3,582,474
				GSMPS Mortgage Loan Trust, CMO (a)(d),
			4,746	7.00%, 6/25/43	NR/NR		4,789,426
			120	7.50%, 6/19/27, VRN	NR/NR		118,538
			1,754	8.00%, 9/19/27, VRN	NR/NR		1,823,583
				GSR Mortgage Loan Trust, CMO,
			1,188	0.586%, 12/25/34, FRN	Aa2/AAA		1,002,486
			601	0.596%, 12/25/34, FRN	Aa1/NR		503,091
			7,490	5.196%, 11/25/35, VRN	NR/BB+		7,353,405
			5,000	5.50%, 11/25/35	NR/CCC		4,302,800
			1,819	6.50%, 1/25/34	NR/AAA		1,879,284
				Harborview Mortgage Loan Trust, CMO,
			3,446	0.626%, 10/19/33, FRN	Aaa/AAA		3,077,470
			3,534	5.847%, 6/19/36, VRN	Caa3/D		2,154,223
			903	JPMorgan Alternative Loan Trust, 5.95%, 9/25/36, CMO, VRN	Caa1/B-		906,124
				JPMorgan Chase Commercial Mortgage Securities Corp., CMO (a)(d),
			5,000	0.706%, 7/15/19, FRN	Aa2/NR		3,951,916
			4,000	5.653%, 3/18/51, VRN	A1/NR		3,800,344
			5,596	JPMorgan Mortgage Trust, 4.239%, 10/25/36, CMO, VRN	Caa1/NR		4,427,742
			4,503	Luminent Mortgage Trust, 0.426%, 12/25/36, CMO, FRN	B2/B+		2,815,526
			2,032	MASTR Adjustable Rate Mortgage Trust, 3.391%, 10/25/34, CMO, VRN	NR/A		1,681,342

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
		MASTR Alternative Loans Trust, CMO,
$	1,139	6.25%, 7/25/36	Caa3/CCC	$	910,120
	1,434	6.50%, 3/25/34	Aaa/AAA		1,495,573
	119	7.00%, 4/25/34	Aaa/AAA		113,889
		MASTR Reperforming Loan Trust, CMO (a)(d),
	3,208	7.00%, 5/25/35	Ba3/BBB-		3,230,903
	4,668	7.50%, 7/25/35	Ba3/AAA		4,277,012
		Newgate Fund PLC, CMO, FRN,
£	4,200	1.725%, 12/15/50	Aa2/AA		4,933,108
£	1,200	1.975%, 12/15/50	A3/A-		972,062
€	800	2.129%, 12/15/50	A3/A-		564,484
€	1,300	2.379%, 12/15/50	Ba1/BB+		670,592
		Nomura Asset Acceptance Corp., CMO (a)(d),
$	2,599	7.00%, 10/25/34	A1/AAA		2,637,854
	3,758	7.50%, 3/25/34	Aa3/AAA		3,916,496
	7,798	7.50%, 10/25/34	A1/AAA		7,945,589
		Residential Accredit Loans, Inc., CMO,
	3,826	0.436%, 6/25/46, FRN	Caa1/CCC		1,579,667
	4,692	6.00%, 8/25/35	NR/CCC		4,053,335
		Residential Asset Mortgage Products, Inc., CMO,
	86	6.50%, 11/25/31	NR/A+		85,449
	789	7.00%, 8/25/16	NR/B+		797,355
	1,145	8.50%, 10/25/31	Aa2/BB		1,197,928
	1,729	8.50%, 11/25/31	NR/CCC		1,821,043
	2,164	Sequoia Mortgage Trust, 0.456%, 7/20/36, CMO, FRN	B1/BBB+		1,749,464
	638	Structured Adjustable Rate Mortgage Loan Trust,
		2.824%, 3/25/34, CMO, VRN	Aa2/AAA		639,696
	6,164	Structured Asset Mortgage Investments, Inc.,
		1.853%, 8/25/47, CMO, FRN	B2/CCC		3,746,876
	5,863	Structured Asset Securities Corp., 7.50%, 10/25/36, CMO (a)(d)	B3/CCC		5,813,709
		Wachovia Bank Commercial Mortgage Trust, CMO, FRN (a)(d),
	5,000	0.376%, 9/15/21	A1/A+		4,142,358
	1,835	1.256%, 9/15/21	B1/CCC-		1,627,705
		WaMu Mortgage Pass Through Certificates, CMO, VRN,
	575	2.705%, 5/25/35	NR/BB+		460,355
	4,129	5.330%, 12/25/36	NR/CCC		3,222,634
		Washington Mutual MSC Mortgage Pass Through Certificates, CMO,
	2,301	6.50%, 8/25/34	NR/AAA		2,376,653
	780	7.00%, 3/25/34	NR/AAA		830,814
	1,889	7.50%, 4/25/33	NR/AAA		1,949,177
		Wells Fargo Mortgage-Backed Securities Trust, CMO,
	1,481	2.874%, 6/25/35, FRN	NR/AA		1,431,758
	248	2.906%, 4/25/36, VRN	NR/CCC		229,086
	2,585	2.908%, 5/25/35, VRN	Baa2/AAA		2,505,518
	580	2.921%, 6/25/35, VRN	Baa1/AA+		569,616
	3,064	5.220%, 4/25/36, VRN	NR/BB+		2,764,453
	2,800	5.764%, 10/25/36, VRN	Caa1/NR		2,518,761

		Total Mortgage-Backed Securities (cost—$163,184,408)			164,602,591

	SENIOR LOANS (a)(c)—4.2%
	Financial Services—3.8%
	11,000	American General Finance Corp., 7.25%, 4/21/15			11,121,176

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)					Credit Rating (Moody’s/S&P)	Value*
	Financial Services (continued)

		$	1,829	CIT Group, Inc., 6.25%, 8/11/15		$	1,863,021
				International Lease Finance Corp.,
			1,700	6.75%, 3/17/15, Term B1			1,744,474
			1,300	7.00%, 3/17/16, Term B2			1,332,500

							16,061,171

	Utilities—0.4%
				Texas Competitive Electric Holdings Co. LLC,
			1,990	3.756%, 10/10/14			1,556,338
			5	3.789%, 10/10/14			3,940

							1,560,278

				Total Senior Loans (cost—$17,331,513)			17,621,449

	ASSET-BACKED SECURITIES—3.8%
			819	Access Financial Manufactured Housing Contract Trust, 7.65%, 5/15/21	Caa2/NR		705,860
				Advanta Business Card Master Trust, FRN,
			1,000	0.506%, 6/20/14	Ca/CCC-		831,310
			1,000	0.506%, 12/22/14	Ca/CCC-		831,310
				Ameriquest Mortgage Securities, Inc., FRN,
			2,038	3.781%, 11/25/32	Ca/D		182,241
			667	5.881%, 2/25/33	Ca/D		54,477
			1,809	Bear Stearns Asset-Backed Securities Trust, 0.756%, 9/25/34, FRN	NR/A		1,452,347
				Conseco Finance Securitizations Corp.,
			675	7.96%, 2/1/32	Ca/CCC-		569,496
			339	7.97%, 5/1/32	Ca/CCC-		271,622
				Conseco Financial Corp.,
			285	6.53%, 2/1/31, VRN	NR/CCC-		277,943
			461	7.05%, 1/15/27	B3/B		426,062
			1,128	Credit-Based Asset Servicing and Securitization LLC, 6.02%, 12/25/37 (a)(d)	Ba2/AAA		966,490
		CAD	800	Ford Auto Securitization Trust, 4.817%, 10/15/12 (a)(d)	NR/AAA		807,559
		$	5,000	Green Tree, 8.97%, 4/25/38, VRN (a)(d)	NR/NR		5,623,434
			997	Greenpoint Manufactured Housing, 8.30%, 10/15/26, VRN	Ca/NR		1,019,714
			1,942	Morgan Stanley ABS Capital I, 0.436%, 1/25/36, FRN	Caa2/B-		1,729,719
			45	Oakwood Mortgage Investors, Inc., 0.486%, 5/15/13, FRN	Caa1/B-		35,344
			34	Residential Asset Mortgage Products, Inc., 8.50%, 12/25/31	NR/CCC		35,051

				Total Asset-Backed Securities (cost—$16,115,562)			15,819,979

	SOVEREIGN DEBT OBLIGATIONS—0.5%
	Tunisia—0.5%
			2,000	Banque Centrale de Tunisie S.A., 7.375%, 4/25/12 (cost—$2,022,974)	Baa2/BBB		2,168,200


Shares
	CONVERTIBLE PREFERRED STOCK—0.4%
	Utilities—0.4%
			27,200	PPL Corp., 9.50%, 7/1/13 (cost—$1,360,000)	NR/NR		1,534,896

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
	MUNICIPAL BONDS—0.4%
	West Virginia—0.4%
$	1,900	Tobacco Settlement Finance Auth. Rev.,
		7.467%, 6/1/47, Ser. A (cost—$1,787,508)	Baa3/BBB	$	1,479,093


Shares
	COMMON STOCK—0.0%
	Oil, Gas & Consumable Fuels—0.0%
	3,881	SemGroup Corp., Class A (j) (cost—$100,913)			90,433


Units
	WARRANTS—0.0%
	Oil, Gas & Consumable Fuels—0.0%
	4,086	SemGroup Corp., expires 11/30/14 (j) (cost—$18,385)			21,449

	SHORT-TERM INVESTMENTS—7.4%

Principal Amount (000s)
	Corporate Notes—5.5%
	Financial Services—5.1%
€	2,200	American General Finance Corp., 4.625%, 6/22/11	B3/NR		3,005,955
$	4,700	Ford Motor Credit Co. LLC, 7.25%, 10/25/11	Ba2/B+		4,934,854
		International Lease Finance Corp.,
	2,300	5.125%, 11/1/10	B1/BB+		2,300,000
	9,763	5.75%, 6/15/11	B1/BB+		9,921,649
	1,000	SLM Corp., 0.532%, 12/15/10, FRN (k)	Ba1/BBB-		990,792

					21,153,250

	Insurance—0.3%
	1,000	American International Group, Inc., 0.399%, 10/18/11, FRN (k)	A3/A-		985,628

	Oil & Gas—0.1%
	500	BP Capital Markets PLC, 0.423%, 4/11/11, FRN (k)	A2/NR		499,575

		Total Corporate Notes (cost—$21,025,417)			22,638,453

	Municipal Bonds—1.2%
	Michigan—1.2%
	5,000	Municipal Bond Auth. Rev., 5.00%, 3/21/11, Ser. B (cost—$5,001,854)	NR/NR		5,058,800

	U.S. Treasury Bills (i)(l)—0.3%
	1,220	0.144%, 12/2/10 (cost—$1,219,849)			1,219,849

	Repurchase Agreement—0.2%
	925	State Street Bank & Trust Co., dated 10/29/10, 0.01%, due 11/1/10, proceeds $925,001; collateralized by U.S. Treasury Notes, 2.125%, due 5/31/15, valued at $948,420 including accrued interest (cost—$925,000)			925,000

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

October 31, 2010 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)	Value*
	U.S. Government Agency Securities—0.2%
			Freddie Mac, MBS,
$	—	(g)	7.00%, 1/1/11, MBS	Aaa/AAA	$	121
	232		7.00%, 9/1/11, MBS (k)	Aaa/AAA		238,419
			Small Business Administration Participation Certificates,
	153		6.344%, 8/1/11	Aaa/AAA		158,035
	357		6.64%, 2/1/11	Aaa/AAA		363,164

			Total U.S. Government Agency Securities (cost—$745,481)			759,739

			Total Short-Term Investments (cost—$28,917,601)			30,601,841


Notional Amount
	OPTIONS PURCHASED (j)—0.0%
			Put Options—0.0%
			Fannie Mae (OTC),
$	6,000,000		strike price $85, expires 1/6/11			—
	126,000,000		strike price $90, expires 1/6/11			1
	28,000,000		strike price $90.50, expires 12/6/10			1
	70,000,000		strike price $95, expires 1/6/11			1
	13,000,000		strike price $96, expires 12/6/10			—
	13,000,000		strike price $99, expires 12/6/10			—
	5,000,000		strike price $99.50, expires 12/6/10			—

			Total Options Purchased (cost—$30,586)			3

			Total Investments (cost—$1,131,222,634)—289.2%			1,200,003,941
			Liabilities in excess of other assets—(189.2)%			(784,998,415	)

			Net Assets—100%		$	415,005,526

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 Directors, or persons acting at their discretion pursuant to procedures established by the Board of Directors, including certain fixed income securities which may be valued with reference to securities whose prices are more readily available. The Fund’s investments are valued daily 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. 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. Securities purchased on a when-issued or delayed-delivery basis are marked to market daily until settlement at the forward settlement date. 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 Fund’s 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 could be material. The Fund’s 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.

(a)	Private Placement—Restricted as to resale and may not have a readily available market. Securities with an aggregate value of $137,450,046, representing 33.1% of net assets.

(b)

Illiquid.

(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 October 31, 2010.

(d)	144A—Exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid.

(e)	When-issued or delayed-delivery. To be settled/delivered after October 31, 2010.

(f)	Fair-Valued—Securities with an aggregate value of $6,063,908, representing 1.5% of net assets.

(g)	Principal amount less than $500.

(h)	Perpetual maturity. Maturity date shown is the first call date. On Corporate Bonds & Notes, the interest rate is fixed until the first call date and variable thereafter.

(i)	All or partial amount segregated for the benefit of the counterparty as collateral for derivatives.

(j)	Non-income producing.

(k)	All or partial amount segregated for the benefit of the counterparty as collateral for reverse repurchase agreements.

(l)	Rates shown are the effective yields at purchase date.

Glossary:

ABS—Asset-Backed Securities

AUD—Australian Dollar

£—British Pound

CAD—Canadian Dollar

CMO—Collateralized Mortgage Obligation

€—Euro

FRN—Floating Rate Note. The interest rate disclosed reflects the rate in effect on October 31, 2010.

LIBOR—London Inter-Bank Offered Rate

MBIA—insured by Municipal Bond Investors Assurance

MBS—Mortgage-Backed Securities

NR—Not Rated

OTC—Over the Counter

TBA—To Be Announced


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 October 31, 2010.

Other Investments:

(A) Credit default swap agreements:

Buy protection swap agreements outstanding at October 31, 2010 ⁽¹⁾:


Swap Counterparty/ Referenced Debt Issuer	Notional Amount Payable on Default (000s) ⁽⁴⁾		Credit Spread ⁽³⁾			Termination Date		Payments Made			Market Value ⁽⁵⁾			Upfront Premiums Received			Unrealized Depreciation
Bank of America:
American International Group	$	13,400		2.14	%		3/20/18		(5.00	)%	$	(2,485,334	)	$	(1,319,856	)	$	(1,165,478	)


Sell protection swap agreements outstanding at October 31, 2010 ⁽²⁾:
Swap Counterparty/ Referenced Debt Issuer	Notional Amount Payable on Default (000s) ⁽⁴⁾		Credit Spread ⁽³⁾			Termination Date		Payments Received			Market Value ⁽⁵⁾			Upfront Premiums Received			Unrealized Appreciation
Bank of America:
MetLife	$	13,400		1.90	%		9/20/15		1.00	%	$	(536,205	)	$	(900,456	)	$	364,251
BNP Paribas:
General Electric		800		1.30	%		12/20/13		4.60	%		85,210			—			85,210
Citigroup:
American Express		500		0.60	%		12/20/13		4.30	%		60,217			—			60,217
SLM		2,900		3.71	%		12/20/13		5.00	%		125,710			(350,000	)		475,710
Deutsche Bank:
American International Group		3,000		1.15	%		3/20/13		2.10	%		75,088			—			75,088
General Electric		4,100		1.30	%		12/20/13		4.78	%		459,535			—			459,535
General Electric		8,000		1.30	%		12/20/13		4.82	%		908,109			—			908,109
ING Bank	€	5,000		1.37	%		6/20/11		1.40	%		12,750			—			12,750
SLM	$	4,000		3.71	%		12/20/13		5.00	%		173,393			(490,000	)		663,393
Merrill Lynch:
American Express		8,000		0.60	%		12/20/13		4.10	%		911,673			—			911,673
SLM		8,000		3.71	%		12/20/13		5.00	%		346,786			(980,000	)		1,326,786

											$	2,622,266		$	(2,720,456	)	$	5,342,722

⁽¹⁾

If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

⁽²⁾

If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

⁽³⁾

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

⁽⁴⁾

The maximum potential amount the Fund could be required to make available as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

⁽⁵⁾

The quoted market prices and resulting values for credit default swap agreements serve as an indicator of the status at October 31, 2010 of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

(B) Interest rate swap agreements outstanding at October 31, 2010:


					Rate Type							Upfront Premiums Paid
Swap Counterparty	Notional Amount (000s)		Termination Date		Payments Made			Payments Received	Market Value			Upfront Premiums Paid		Unrealized Depreciation
Royal Bank of Scotland	$	75,000		12/15/20		2.75	%	3-Month USD-LIBOR	$	(24,076	)	$	264,000	$	(288,076	)

LIBOR—London Inter-Bank Offered Rate


	Counterparty	U.S.$ Value on Origination Date		U.S.$ Value October 31, 2010		Unrealized Appreciation (Depreciation)
Sold:
2,565,000 Australian Dollar settling 12/3/10	Deutsche Bank	$	2,515,106	$	2,504,955	$	10,151
3,373,000 British Pound settling 12/20/10	Citigroup		5,236,869		5,390,745		(153,876	)
3,354,000 British Pound settling 12/20/10	Credit Suisse First Boston		5,355,885		5,360,379		(4,494	)
791,000 British Pound settling 12/20/10	Goldman Sachs		1,231,439		1,264,180		(32,741	)
1,786,000 British Pound settling 12/20/10	UBS		2,777,592		2,854,394		(76,802	)
564,000 Canadian Dollar settling 11/18/10	Deutsche Bank		550,915		554,035		(3,120	)
266,000 Canadian Dollar settling 11/18/10	Royal Bank of Scotland		259,834		261,300		(1,466	)
1,877,000 Euro settling 1/25/11	Citigroup		2,609,697		2,605,860		3,837
871,000 Euro settling 11/23/10	Credit Suisse First Boston		1,210,344		1,210,292		52
9,921,000 Euro settling 11/23/10	Deutsche Bank		12,705,130		13,785,660		(1,080,530	)

						$	(1,338,989	)

At October 31, 2010, the Fund held $2,520,000 in cash as collateral for derivatives and delayed-delivery securities. Cash collateral held may be invested in accordance with the Fund’s investment strategy.

(D) Open reverse repurchase agreements at October 31, 2010:


Counterparty	Rate			Trade Date		Maturity Date		Principal & Interest		Principal
Bank of America		0.27 0.27 0.33 0.45	% % % %		10/20/10 10/21/10 10/13/10 10/12/10		11/18/10 11/18/10 11/10/10 11/12/10	$	14,449,300 3,469,286 2,861,498 51,482,798	$	14,448,000 3,469,000 2,861,000 51,469,931
Barclays Bank		0.27 0.33 0.50 0.50 0.70	% % % % %		10/13/10 10/13/10 10/12/10 10/21/10 10/5/10		11/10/10 11/10/10 11/8/10 11/22/10 11/4/10		85,133,130 2,139,373 10,261,850 4,002,611 10,119,310		85,121,000 2,139,000 10,259,000 4,002,000 10,114,000
Citigroup		0.27	%		10/13/10		11/10/10		27,004		27,000
Credit Suisse First Boston		0.27 0.50	% %		10/13/10 10/25/10		11/10/10 11/30/10		38,169,438 8,903,867		38,164,000 8,903,000
Deutsche Bank		0.25 0.27	% %		10/13/10 10/13/10		11/10/10 11/10/10		75,196,921 60,061,558		75,187,000 60,053,000
Goldman Sachs		0.26	%		10/20/10		11/10/10		4,552,394		4,552,000
Greenwich Capital Markets		0.32 0.32 0.32 0.33 0.50 0.50 0.50	% % % % % % %		10/13/10 10/18/10 10/20/10 10/28/10 10/1/10 10/12/10 10/29/10		11/10/10 11/10/10 11/10/10 11/10/10 11/1/10 11/8/10 12/1/10		73,608,429 1,957,243 500,053 7,472,274 2,011,866 14,223,950 19,864,828		73,596,000 1,957,000 500,000 7,472,000 2,011,000 14,220,000 19,864,000
Morgan Stanley		0.45	%		10/7/10		11/8/10		3,269,021		3,268,000

										$	493,656,931

The weighted average daily balance of reverse repurchase agreements outstanding during the nine months ended October 31, 2010 was $426,865,226 at a weighted average interest rate of 0.32%. The total market value of underlying collateral (refer to the Schedule of Investments for positions segregated for the benefit of the counterparty as collateral for reverse repurchase agreements) for open reverse repurchase agreements at October 31, 2010 was $534,121,834.

At October 31, 2010, the Fund held $600,000, $1,400,000 and $890,000 in principal value of Corporate Bonds, U.S. Treasury Bills, and U.S. Treasury Notes, respectively, as collateral for open reverse repurchase agreements. Securities held as collateral will not be pledged and are not reflected in the Fund’s Schedule of Investments.

Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants. The three levels of the fair value hierarchy are described below:

•

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 Fund’s own assumptions in determining the fair value of investments)

An investment asset’s or liability’s 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 October 31, 2010 maximized the use of observable inputs and minimized the use of unobservable inputs. When fair-valuing securities, the Fund utilized option adjusted spread pricing techniques.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following are certain inputs and techniques that the Fund generally uses to evaluate how to classify each major category of assets and liabilities in accordance with Generally Accepted Accounting Principles.

Equity Securities (Common and Preferred Stock) – Equity securities traded in inactive markets and certain foreign equity securities are valued using inputs which include broker-dealer quotes, recently executed transactions adjusted for changes in the benchmark index, or evaluated price quotes received from independent pricing services that take into account the integrity of the market sector and issuer, the individual characteristics of the security, and information received from broker-dealers and other market sources pertaining to the issuer or security. To the extent that these inputs are observable, the values of equity securities are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

U.S. Treasury Obligations – U.S. Treasuries are valued by independent pricing services based on pricing models that evaluate the mean between the most recently quoted bid and ask price. The models also take into consideration data received from active market makers and broker-dealers, yield curves, and the spread over comparable U.S. Treasury issues. The spreads change daily in response to market conditions and are generally obtained from the new issue market and broker-dealer sources. To the extent that these inputs are observable, the values of U.S. Treasury obligations are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Government Sponsored Enterprise and Mortgage-Backed Securities – Government sponsored enterprise and mortgage-backed securities are valued by independent pricing services using pricing models based on inputs that include issuer type, coupon, cash flows, mortgage prepayment projection tables and Adjustable Rate Mortgage evaluations that incorporate index data, periodic and life caps, the next coupon reset date, and the convertibility of the bond. To the extent that these inputs are observable, the values of Government sponsored enterprise and mortgage-backed securities are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Municipal Bonds – Municipal bonds are valued by independent pricing servies based on pricing models that take into account, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the callability of the bond, state of issuance, benchmark yield curves, and bond insurance. To the extent that these inputs are observable, the values of municipal bonds are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Sovereign Debt Obligations – Sovereign debt obligations are valued by independent pricing services based on discounted cash flow models that incorporate option adjusted spreads along with benchmark curves and credit spreads. In addition, international bond markets are monitored regularly for information pertaining to the issuer and/or the specific issue. To the extent that these inputs are observable, the values of sovereign debt obligations are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Corporate Bonds & Notes – Corporate bonds and notes are generally comprised of two main categories: investment grade bonds and high yield bonds. Investment grade bonds are valued by independent pricing services using various inputs and techniques, which include broker-dealer quotations, live trading levels, recently executed transactions in securities of the issuer or comparable issuers, and option adjusted spread models that include base curve and spread curve inputs. Adjustments to individual bonds can be applied to recognize trading differences compared to other bonds issued by the same issuer. High yield bonds are valued by independent pricing services based primarily on broker-dealer quotations from relevant market makers and recently executed transactions in securities of the issuer or comparable issuers. The broker-dealer quotations received are supported by credit analysis of the issuer that takes into consideration credit quality assessments, daily trading activity, and the activity of the underlying equities, listed bonds and sector-specific trends. To the extent that these inputs are observable, the values of corporate bonds and notes are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Asset-Backed Securities and Collateralized Mortgage Obligations – Asset-backed securities and collateralized mortgage obligations are valued by independent pricing services using pricing models based on a security’s average life volatility. The models also take into account tranche characteristics such as coupon average life, collateral types, ratings, the issuer and tranche type, underlying collateral and performance of the collateral, and discount margin for certain floating rate issues. To the extent that these inputs are observable, the values of asset-backed securities and collateralized mortgage obligations are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Option Contracts – Option contracts traded over the counter (“OTC”) are valued by independent pricing services based on pricing models that incorporate various inputs such as interest rates, credit spreads, currency exchange rates and volatility measurements for in-the-money, at-the-money, and out-of-the-money contracts based on a given strike price. To the extent that these inputs are observable, the values of OTC option contracts are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Forward Foreign Currency Contracts – Forward foreign currency contracts are valued by independent pricing services using various inputs and techniques, which include broker-dealer quotations, actual trading information and foreign currency exchange rates gathered from leading market makers and foreign currency exchange trading centers throughout the world. To the extent that these inputs are observable, the values of forward foreign currency contracts are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Interest Rate Swaps – Interest rate swaps are valued by independent pricing services using pricing models that are based on real-time intraday snapshots of relevant interest rate curves that are built using the most actively traded securities for a given maturity. The pricing models also incorporate cash and money market rates. In addition, market data pertaining to interest rate swaps are monitored regularly to ensure that interest rates are properly depicting the current market rate. To the extent that these inputs are observable, the values of interest rate swaps are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Credit Default Swaps – Credit default swaps are valued by independent pricing services using pricing models that take into account, among other factors, information received from market makers and broker-dealers, default probabilities from index specific credit spread curves, recovery rates, and cash flows. To the extent that these inputs are observable, the values of credit default swaps are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

Senior Loans – Senior Loans are valued by independent pricing services based on the average of quoted prices received from multiple dealers or valued relative to other benchmark securities when broker-dealer quotes are unavailable. To the extent that these inputs are observable, the values of Senior Loans are categorized as Level 2. To the extent that these inputs are unobservable the values are categorized as Level 3.

The Fund’s policy is to recognize transfers between levels at the end of the reporting period.

A summary of the inputs used at October 31, 2010 in valuing the Fund’s assets and liabilities is listed below:


	Level 1 - Quoted Prices		Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Value at 10/31/10
Investments in Securities – Assets
U.S. Government Agency Securities		—	$	717,024,516		$	3,402,667	$	720,427,183
Corporate Bonds & Notes:
Airlines		—		3,277,500			9,597,714		12,875,214
All Other		—		232,761,610			—		232,761,610
Mortgaged-Backed Securities		—		161,941,350			2,661,241		164,602,591
Senior Loans		—		17,621,449			—		17,621,449
Asset-Backed Securities		—		15,819,979			—		15,819,979
Sovereign Debt Obligations		—		2,168,200			—		2,168,200
Convertible Preferred Stock	$	1,534,896		—			—		1,534,896
Municipal Bonds		—		1,479,093			—		1,479,093
Common Stock		—		90,433			—		90,433
Warrants		—		21,449			—		21,449
Short-Term Investments		—		30,601,841			—		30,601,841
Options Purchased:
Interest Rate Contracts		—		3			—		3

Total Investments in Securities – Assets	$	1,534,896	$	1,182,807,423		$	15,661,622	$	1,200,003,941

*Other Financial Instruments – Assets**
Credit Contracts		—	$	5,342,722			—	$	5,342,722
Foreign Exchange Contracts		—		14,040			—		14,040

*Total Other Financial Instruments – Assets**		—	$	5,356,762			—	$	5,356,762

*Other Financial Instruments – Liabilities**
Credit Contracts		—	$	(1,165,478	)		—	$	(1,165,478	)
Interest Rate Contracts		—		(288,076	)		—		(288,076	)
Foreign Exchange Contracts		—		(1,353,029	)		—		(1,353,029	)

*Total Other Financial Instruments – Liabilities**		—	$	(2,806,583	)		—	$	(2,806,583	)

Total Investments	$	1,534,896	$	1,185,357,602		$	15,661,622	$	1,202,554,120

*	Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as swap agreements and forward foreign currency contracts, which are valued at the unrealized appreciation (depreciation) of the instrument.

There were no significant transfers into and out of Level 1 and 2 during the nine months ended October 31, 2010.

A roll forward of fair value measurements using significant unobservable inputs (Level 3) for the nine months ended October 31, 2010, was as follows:


	Beginning Balance 1/31/10		Net Purchases(Sales) and Settlements			Accrued Discounts (Premiums)		Net Realized Gain(Loss)			Net Change in Unrealized Appreciation/ Depreciation			Transfers into Level 3		Transfers out of Level 3**			Ending Balance 10/31/10
Investments in Securities – Assets
U.S. Government Agency Securities	$	3,441,338	$	(101,553	)	$	1,367	$	3,080		$	58,435			—		—		$	3,402,667
Corporate Bonds & Notes:
Airlines		7,505,385		1,286,444			20,084		18,667			767,134			—		—			9,597,714
Mortgaged-Backed Securities		215,345		2,482,249			3,999		(1,806	)		121,443			—	$	(159,989	)		2,661,241

Common Stock		92,180		—			—		—			(1,747	)		—		(90,433	)		—
Warrants		21,449		—			—		—			—			—		(21,449	)		—

Total Investments	$	11,275,697	$	3,667,140		$	25,450	$	19,941		$	945,265			—	$	(271,871	)	$	15,661,622

**	Transferred out of Level 3 into Level 2 because sufficient observable inputs were available.

The net change in unrealized appreciation/depreciation of Level 3 investments which the Fund held at October 31, 2010 was $966,189.

At October 31, 2010, the cost basis of portfolio securities for federal income tax purposes is $1,131,222,645. Aggregate gross unrealized appreciation for securities in which there is an excess of value over tax cost is $76,978,270; aggregate gross unrealized depreciation for securities in which there is an excess of tax cost over value is $8,196,974; and net unrealized appreciation for federal income tax purposes is $68,781,296. The difference between book and tax cost is attributable to wash sales.

Item 2.

Controls and Procedures

(a) The registrant’s President & Chief Executive Officer and Treasurer, Principal Financial & Accounting Officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))), are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-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 Strategic Global Government Fund, Inc.


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

Date: December 22, 2010


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

Date: December 22, 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: December 22, 2010


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

Date: December 22, 2010