Edgar Filing: PIMCO STRATEGIC INCOME FUND, INC

PIMCO Strategic Income 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 Income Fund, Inc.

(Exact name of registrant as specified in charter)

1633 Broadway, New York, NY 10019

(Address of principal executive offices) (Zip code)

Lawrence G. Altadonna

1633 Broadway,

New York, NY 10019

(Name and address of agent for service)

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

Date of fiscal year end: January 31, 2015

Date of reporting period: April 30, 2014

Item 1. Schedule of Investments

Schedule of Investments

PIMCO Strategic Income Fund, Inc.

April 30, 2014 (unaudited)



Principal Amount (000s)			Value*

	U.S. GOVERNMENT AGENCY SECURITIES—120.6%
		Fannie Mae,
	$199	2.065%, 12/1/30, MBS (k)		$203,213
	2	2.20%, 4/1/30, MBS (k)		1,758
	12	2.25%, 9/1/28, MBS (k)		13,138
	89	2.40%, 3/1/32, MBS (k)		89,408
	8	2.415%, 2/1/32, MBS (k)		8,316
	53	2.445%, 12/1/28, MBS (k)		56,544
	60	2.45%, 11/1/27, MBS (k)		64,527
	8,413	2.50%, 12/25/27, CMO, IO		904,706
	71	2.625%, 3/1/31, MBS (k)		76,108
	3	2.722%, 12/1/25, MBS (k)		3,335
	169,000	3.00%, MBS, TBA, 30 Year (e)		164,669,375
	10,000	3.50%, MBS, TBA, 30 Year (e)		10,117,578
	59,000	4.00%, MBS, TBA, 30 Year (e)		61,830,153
	495	4.25%, 11/25/24 - 3/25/33, CMO		534,520
	1,427	4.50%, 9/1/23 - 8/1/41, MBS (i)		1,534,662
	4,066	4.50%, 7/25/40, CMO (i)		4,305,206
	4	5.00%, 12/1/18, MBS		4,665
	24,497	5.00%, 1/25/38, CMO (i)		26,437,780
	514	5.00%, 7/25/38, CMO		565,235
	936	5.50%, 12/25/16 - 12/25/34, CMO		1,044,572
	12,380	5.50%, 11/25/32 - 4/25/35, CMO (i)		13,556,157
	65	5.75%, 6/25/33, CMO		71,560
	2,500	5.807%, 8/25/43, CMO (i)		2,812,291
	54	5.942%, 12/25/42, CMO (k)		61,614
	608	6.00%, 2/25/17 - 9/25/31, CMO		670,339
	236	6.00%, 12/1/32 - 2/1/33, MBS		265,391
	18,307	6.00%, 12/1/32 - 6/1/40, MBS (i)		20,524,709
	2,684	6.00%, 1/25/44, CMO (i)		3,028,580
	30	6.394%, 10/25/42, CMO (k)		33,638
	3,443	6.50%, 10/1/18 - 11/1/47, MBS		3,852,963
	2,410	6.50%, 6/25/23 - 6/25/44, CMO		2,753,879
	3,657	6.50%, 7/1/29 - 7/1/39, MBS (i)		4,135,590
	5,513	6.50%, 3/25/32 - 9/25/42, CMO (i)		6,221,993
	910	6.616%, 2/25/42, CMO (k)		1,063,032
	30	6.85%, 12/18/27, CMO		33,910
	2,487	7.00%, 3/1/16 - 1/1/47, MBS		2,752,616
	3,019	7.00%, 7/1/21 - 5/1/30, MBS (i)		3,404,779
	968	7.00%, 6/18/27 - 2/25/44, CMO		1,101,597
	1,014	7.00%, 9/25/41, CMO (i)(k)		1,164,599
	1,420	7.00%, 3/25/45, CMO (i)		1,658,571
	731	7.062%, 10/25/42, CMO (k)		841,339
	319	7.50%, 6/1/17 - 5/1/22, MBS (i)		345,712
	184	7.50%, 12/1/17 - 5/1/32, MBS		195,935
	1,321	7.50%, 10/25/22 - 3/25/44, CMO		1,541,666
	154	7.50%, 6/19/30, CMO (k)		180,829
	1,522	7.50%, 6/25/44, CMO (i)		1,774,798
	41	7.70%, 3/25/23, CMO		47,025
	1,238	7.887%, 7/19/30, CMO (i)(k)		1,374,191

Schedule of Investments

PIMCO Strategic Income Fund, Inc.

April 30, 2014 (unaudited) (continued)


Principal Amount (000s)			Value*

	137	8.00%, 9/25/21, CMO		160,507
	241	8.00%, 1/1/22 - 1/1/35, MBS		271,432
	450	8.00%, 9/1/24 - 10/1/31, MBS (i)		507,611
	12	8.50%, 4/1/16, MBS		12,474
	1,448	8.50%, 9/25/21 - 6/25/30, CMO		1,658,152
	341	9.401%, 5/15/21, MBS (i)		385,448
	112	9.976%, 7/15/27, MBS (i)		120,354
		Freddie Mac,
	8	2.262%, 12/1/26, MBS (k)		7,914
	40	2.374%, 9/1/31, MBS (k)		40,244
	4	2.401%, 4/1/33, MBS (k)		4,602
	3,000	4.00%, MBS, TBA, 30 Year (e)		3,138,867
	20	5.00%, 2/15/24, CMO		21,149
	5,920	5.50%, 4/1/39, MBS (i)		6,599,895
	6,000	5.50%, 6/15/41, CMO (i)		6,594,642
	1,677	6.00%, 9/15/16 - 3/15/35, CMO		1,825,791
	195	6.00%, 4/1/17, MBS (i)		205,269
	612	6.00%, 4/1/17 - 2/1/34, MBS		668,081
	4,888	6.00%, 2/15/32, CMO (i)		5,387,328
	1,129	6.50%, 11/1/16 - 9/1/47, MBS		1,228,479
	2,903	6.50%, 9/15/23 - 10/25/43, CMO		3,244,800
	12,240	6.50%, 10/15/23 - 3/25/44, CMO (i)		13,683,359
	80	6.50%, 9/25/43, CMO (k)		90,949
	761	6.548%, 7/25/32, CMO (k)		879,688
	181	6.795%, 7/25/32, CMO (k)		207,792
	646	6.90%, 9/15/23, CMO		727,028
	310	6.95%, 7/15/21, CMO		352,221
	2,330	7.00%, 9/1/14 - 1/1/37, MBS		2,559,714
	755	7.00%, 9/1/21 - 1/1/36, MBS (i)		855,901
	3,575	7.00%, 5/15/23 - 10/25/43, CMO		4,105,180
	4,252	7.00%, 3/15/29, CMO (i)		4,901,915
	673	7.50%, 1/1/16 - 3/1/37, MBS		731,247
	1,064	7.50%, 5/15/24 - 2/25/42, CMO		1,216,158
	3,089	7.50%, 8/1/24 - 5/1/32, MBS (i)		3,568,606
	140	8.00%, 8/15/22 - 4/15/30, CMO		163,715
	57	8.00%, 7/1/24 - 8/1/24, MBS		60,835
	342	8.00%, 12/1/26, MBS (i)		385,396
		Ginnie Mae,
	21,694	4.00%, 10/15/40, MBS (i)		23,029,849
	361	6.00%, 4/15/29 - 12/15/38, MBS		406,020
	3,869	6.00%, 7/15/37 - 11/15/38, MBS (i)		4,375,722
	159	6.50%, 11/20/24 - 10/20/38, MBS		169,493
	951	6.50%, 4/15/32 - 5/15/32, MBS (i)		1,091,412
	32	6.50%, 6/20/32, CMO		36,014
	83	7.00%, 4/15/24 - 6/15/26, MBS		89,410
	2,051	7.00%, 3/20/31, CMO (i)		2,378,521
	717	7.50%, 1/15/17 - 3/15/29, MBS		767,379
	621	7.50%, 9/15/26 - 1/15/29, MBS (i)		688,470
	31	8.00%, 6/15/16 - 11/15/22, MBS		33,547
	14	8.50%, 10/15/16 - 2/15/31, MBS		15,002
	284	9.00%, 6/15/16 - 1/15/20, MBS		298,417

Schedule of Investments

PIMCO Strategic Income Fund, Inc.

April 30, 2014 (unaudited) (continued)


Principal Amount (000s)			Value*

		Small Business Administration Participation Certificates, ABS,
	310	4.625%, 2/1/25		329,058
	144	4.754%, 8/10/14		144,980
	62	5.038%, 3/10/15		64,265
	933	5.51%, 11/1/27		1,035,410
	92	5.78%, 8/1/27		103,127
	82	5.82%, 7/1/27		92,680
	101	6.30%, 6/1/18		106,709
	13	7.20%, 6/1/17		13,913
	6	7.70%, 7/1/16		6,603
		Vendee Mortgage Trust, CMO,
	297	6.50%, 3/15/29		341,355
	196	6.75%, 2/15/26 - 6/15/26		226,816
	3,915	7.50%, 9/15/30		4,450,133

		Total U.S. Government Agency Securities (cost—$442,803,493)		454,801,150


	CORPORATE BONDS & NOTES—44.9%
	Airlines—1.4%
		United Air Lines Pass-Through Trust,
	2,077	6.636%, 1/2/24		2,276,562
	601	9.75%, 7/15/18 (i)		691,121
	2,081	10.40%, 5/1/18 (i)		2,370,352

				5,338,035

	Banking—18.7%
		Ally Financial, Inc.,
	3,000	6.75%, 12/1/14		3,101,250
	6,100	8.30%, 2/12/15		6,443,125
	£1,300	Barclays Bank PLC, 14.00%, 6/15/19 (g)		3,009,782
		BPCE S.A. (g),
	€50	9.00%, 3/17/15		73,391
	300	9.25%, 4/22/15		442,426
	$9,000	Citigroup, Inc., 5.00%, 9/15/14 (i)		9,145,350
		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA,
	€2,000	6.875%, 3/19/20		3,308,828
	$4,166	11.00%, 6/30/19 (a)(d)(g)(i)		5,561,610
	£800	Credit Agricole S.A., 8.125%, 10/26/19 (g)		1,529,690
	$7,700	Discover Bank, 7.00%, 4/15/20		9,222,128
	£800	DnB NOR Bank ASA, 6.012%, 3/29/17 (g)		1,437,503
	$5,000	ICICI Bank Ltd., 5.75%, 11/16/20 (a)(d)		5,368,215
	€300	LBG Capital No. 1 PLC, 7.625%, 10/14/20		455,663
		LBG Capital No. 2 PLC,
	£2,600	15.00%, 12/21/19		6,387,214
	€200	15.00%, 12/21/19		424,391
	$1,000	Morgan Stanley, 6.625%, 4/1/18 (i)		1,167,614
	13,000	Regions Financial Corp., 7.75%, 11/10/14		13,489,229

				70,567,409

	Capital Markets—2.1%
	8,000	Blackstone CQP Holdco LP, 2.324%, 3/18/19 (a)(b)(d)(j) (acquisition cost—$8,000,000; purchased 3/18/14)		8,032,399

	Coal—0.5%
	2,100	Berau Coal Energy Tbk PT, 7.25%, 3/13/17 (a)(d)		2,079,000

Schedule of Investments

PIMCO Strategic Income Fund, Inc.

April 30, 2014 (unaudited) (continued)


Principal Amount (000s)			Value*

	Diversified Financial Services—9.8%
	1,800	C10 Capital SPV Ltd., 6.722%, 12/29/49		1,761,750
		Cantor Fitzgerald L.P. (a)(d),
	3,000	6.375%, 6/26/15		3,127,500
	1,200	7.875%, 10/15/19		1,275,000
		Ford Motor Credit Co. LLC (i),
	1,000	6.625%, 8/15/17		1,157,428
	10,000	8.70%, 10/1/14		10,338,950
	£3,000	General Electric Capital Corp., 6.50%, 9/15/67 (converts to FRN on 9/15/17) (i)		5,570,958
	$4,000	HSBC Finance Corp., 6.676%, 1/15/21 (i)		4,736,828
	2,000	International Lease Finance Corp., 6.75%, 9/1/16 (a)(d)		2,235,000
	1,417	Jefferies LoanCore LLC, 6.875%, 6/1/20 (a)(d)		1,434,712
		SLM Corp.,
	1,000	8.00%, 3/25/20		1,158,750
	2,500	8.45%, 6/15/18		2,956,250
		Springleaf Finance Corp.,
	500	6.50%, 9/15/17		540,625
	500	6.90%, 12/15/17		550,625

				36,844,376

	Electric Utilities—1.2%
	273	Ameren Energy Generating Co., 7.95%, 6/1/32		236,145
		Energy Future Intermediate Holding Co. LLC (a)(d),
	1,975	6.875%, 8/15/17		2,068,812
	2,000	10.25%, 12/1/20		2,127,500
	115	Illinois Power Generating Co., 6.30%, 4/1/20		99,188

				4,531,645

	Engineering & Construction—1.6%
	2,000	Aeropuertos Dominicanos Siglo XXI S.A., 9.25%, 11/13/19 (a)(d)		1,772,500
	4,156	Alion Science and Technology Corp., 12.00%, 11/1/14, PIK		4,158,864

				5,931,364

	Healthcare-Services—0.6%
	1,500	HCA, Inc., 9.00%, 12/15/14		1,571,250
	500	MPH Acquisition Holdings LLC, 6.625%, 4/1/22 (a)(d)		518,750

				2,090,000

	Household Products/Wares—0.4%
	1,300	Armored Autogroup, Inc., 9.25%, 11/1/18		1,358,500

	Insurance—3.1%
		American International Group, Inc.,
	6,300	5.85%, 1/16/18 (i)		7,196,610
	£819	6.765%, 11/15/17 (i)		1,587,993
	$1,000	8.25%, 8/15/18 (i)		1,251,521
	£850	8.625%, 5/22/68 (converts to FRN on 5/22/18)		1,701,429

				11,737,553

	Lodging—0.3%
	$1,400	Caesars Entertainment Operating Co., Inc., 8.50%, 2/15/20		1,214,500

	Media—0.4%
	400	Clear Channel Communications, Inc., 9.00%, 3/1/21		427,000
	1,000	Spanish Broadcasting System, Inc., 12.50%, 4/15/17 (a)(d)		1,115,000

				1,542,000

Schedule of Investments

PIMCO Strategic Income Fund, Inc.

April 30, 2014 (unaudited) (continued)


Principal Amount (000s)			Value*

	Metal Fabricate/Hardware—0.3%
	1,000	Wise Metals Group LLC, 8.75%, 12/15/18 (a)(d)		1,065,000

	Oil & Gas—1.3%
	240	Forbes Energy Services Ltd., 9.00%, 6/15/19		246,600
	2,600	Gaz Capital S.A. for Gazprom, 8.625%, 4/28/34		2,860,000
	500	Petrobras International Finance Co. — Pifco, 7.875%, 3/15/19		582,167
	1,250	Ras Laffan Liquefied Natural Gas Co., Ltd. III, 6.332%, 9/30/27 (b)		1,408,039

				5,096,806

	Paper & Forest Products—0.0%
	50	Millar Western Forest Products Ltd., 8.50%, 4/1/21		54,000

	Pipelines—0.4%
	300	NGPL PipeCo LLC, 7.768%, 12/15/37 (a)(d)		282,000
	1,200	Rockies Express Pipeline LLC, 6.875%, 4/15/40 (a)(d)		1,122,000

				1,404,000

	Real Estate Investment Trust—2.3%
	3,000	Columbia Property Trust Operating Partnership L.P., 5.875%, 4/1/18 (i)		3,156,081
	4,500	SL Green Realty Corp., 7.75%, 3/15/20		5,358,344

				8,514,425

	Retail—0.5%
	£400	Aston Martin Capital Ltd., 9.25%, 7/15/18		731,077
	$910	CVS Pass-Through Trust, 7.507%, 1/10/32 (a)(d)		1,128,598
	£20	Enterprise Inns PLC, 6.875%, 5/9/25		34,612

				1,894,287

	Transportation—0.0%
	$120	Western Express, Inc., 12.50%, 4/15/15 (a)(d)		90,900

		Total Corporate Bonds & Notes (cost-$150,164,448)		169,386,199

	MORTGAGE-BACKED SECURITIES—41.3%
		Adjustable Rate Mortgage Trust, CMO (k),
	1,310	2.532%, 7/25/35		1,251,366
	3,036	2.733%, 8/25/35		2,848,720
	47	Banc of America Mortgage Trust, 2.725%, 2/25/35, CMO (k)		46,930
	2,833	Banc of America Re-Remic Trust, 5.686%, 4/24/49, CMO (a)(d)(k)		3,067,215
		BCAP LLC Trust, CMO (a)(d)(k),
	211	0.355%, 7/26/36		157,158
	43	2.633%, 6/26/35		38,260
	130	2.64%, 10/26/33		111,948
	574	4.996%, 3/26/36		590,979
	568	Bear Stearns ALT-A Trust, 2.71%, 8/25/36, CMO (k)		427,691
	2,801	Bear Stearns Commercial Mortgage Securities Trust, 7.00%, 5/20/30, CMO (k)		3,097,843
	€7,256	Celtic Residential Irish Mortgage Securitisation No. 9 PLC, 0.473%, 11/13/47, CMO (k)		9,331,369
	£6,651	Celtic Residential Irish Mortgage Securitisation No. 11 PLC, 0.781%, 12/14/48, CMO (k)		10,271,389
	$15	Citigroup Mortgage Loan Trust, Inc., 7.00%, 9/25/33, CMO		15,873
		Countrywide Alternative Loan Trust, CMO,
	139	5.50%, 5/25/22		123,361
	1,132	6.25%, 8/25/37		937,104
	1,492	6.50%, 7/25/35		864,284
		Countrywide Home Loan Mortgage Pass-Through Trust, CMO,
	1,129	3.152%, 8/25/34 (k)		1,058,494
	2,605	7.50%, 11/25/34 (a)(d)		2,750,893
	409	7.50%, 6/25/35 (a)(d)		424,722

Schedule of Investments

PIMCO Strategic Income Fund, Inc.

April 30, 2014 (unaudited) (continued)


Principal Amount (000s)			Value*

		Credit Suisse First Boston Mortgage Securities Corp., CMO,
	256	1.304%, 3/25/34 (k)		230,941
	968	7.00%, 2/25/34		1,048,537
		Credit Suisse Mortgage Capital Certificates Mortgage-Backed Trust, CMO,
	1,773	0.325%, 10/15/21 (a)(d)(k)		1,767,351
	2,306	5.695%, 9/15/40 (k)		2,547,920
	1,830	6.50%, 3/25/36		1,380,721
	6,770	Deutsche Mortgage Securities, Inc. Re-Remic Trust Certificates, 5.00%, 6/26/35, CMO (a)(d)(k)		6,549,332
	€3,856	Emerald Mortgages No. 4 PLC, 0.35%, 7/15/48, CMO (k)		4,784,295
	$283	GMACM Mortgage Loan Trust, 4.918%, 8/19/34, CMO (k)		269,528
	1,627	GSAA Trust, 6.00%, 4/1/34, CMO		1,710,452
		GSMPS Mortgage Loan Trust, CMO (a)(d),
	4,623	7.00%, 6/25/43		4,972,091
	69	7.296%, 6/19/27 (k)		70,634
	1,086	8.00%, 9/19/27 (k)		1,112,096
		GSR Mortgage Loan Trust, CMO,
	1,008	0.484%, 12/25/34 (k)		911,205
	445	0.494%, 12/25/34 (k)		427,108
	2,818	5.021%, 11/25/35 (k)		2,795,738
	3,422	5.50%, 11/25/35		3,275,149
	496	6.50%, 1/25/34		528,912
		Harborview Mortgage Loan Trust, CMO (k),
	2,430	0.526%, 10/19/33		2,311,062
	2,075	5.075%, 6/19/36		1,482,894
	4,000	JPMorgan Chase Commercial Mortgage Securities Trust, 5.648%, 3/18/51, CMO (a)(d)(k)		4,337,900
		JPMorgan Mortgage Trust, CMO,
	4,656	2.66%, 10/25/36 (k)		4,099,529
	132	5.50%, 8/25/22		130,885
	984	5.50%, 6/25/37		921,212
	282	Lehman Mortgage Trust, 5.00%, 8/25/21, CMO		275,676
	3,115	Luminent Mortgage Trust, 0.324%, 12/25/36, CMO (k)		2,418,385
	1,380	MASTR Adjustable Rate Mortgages Trust, 3.087%, 10/25/34, CMO (k)		1,247,075
		MASTR Alternative Loans Trust, CMO,
	821	6.25%, 7/25/36		703,363
	1,104	6.50%, 3/25/34		1,188,997
	85	7.00%, 4/25/34		87,192
		MASTR Reperforming Loan Trust, CMO (a)(d),
	6,089	7.00%, 5/25/35		5,782,170
	3,185	7.50%, 7/25/35		3,215,719
	2	Merrill Lynch Mortgage Investors Trust, 5.25%, 8/25/36, CMO (k)		1,659
	—(f)	Morgan Stanley Dean Witter Capital I, Inc. Trust, 5.50%, 4/25/17, CMO		261
		Newgate Funding, CMO (k),
	£4,200	1.52%, 12/15/50		6,843,135
	€3,050	1.553%, 12/15/50		3,757,355
	£3,450	1.77%, 12/15/50		5,242,479
	€3,050	1.803%, 12/15/50		3,808,746
		Nomura Asset Acceptance Corp., CMO (a)(d),
	$1,691	7.00%, 10/25/34		1,773,520
	4,617	7.50%, 3/25/34		4,996,911
	5,072	7.50%, 10/25/34		5,451,535
		Residential Accredit Loans, Inc., CMO,
	2,811	0.334%, 6/25/46 (k)		1,253,866
	3,242	6.00%, 8/25/35		2,892,476

Schedule of Investments

PIMCO Strategic Income Fund, Inc.

April 30, 2014 (unaudited) (continued)


Principal Amount (000s)			Value*

		Residential Asset Mortgage Products, Inc., CMO,
	3	6.50%, 4/25/34		2,819
	126	7.00%, 8/25/16		126,687
	833	8.50%, 10/25/31		946,370
	1,322	8.50%, 11/25/31		1,375,950
	423	Structured Adjustable Rate Mortgage Loan Trust, 2.502%, 3/25/34, CMO (k)		422,446
	4,575	Structured Asset Mortgage Investments II Trust, 1.629%, 8/25/47, CMO (k)		4,045,307
	4,134	Structured Asset Securities Corp. Mortgage Loan Trust, 7.50%, 10/25/36, CMO (a)(d)		3,856,684
	1,786	UBS Commercial Mortgage Trust, 0.73%, 7/15/24, CMO (a)(d)(k)		1,777,988
	575	WaMu Mortgage Pass-Through Certificates, 2.40%, 5/25/35, CMO (k)		558,044
		Washington Mutual MSC Mortgage Pass-Through Certificates Trust, CMO,
	972	6.50%, 8/25/34		1,013,305
	313	7.00%, 3/25/34		333,288
	804	7.50%, 4/25/33		887,732
		Wells Fargo Mortgage-Backed Securities Trust, CMO (k),
	695	2.614%, 6/25/35		705,763
	1,566	2.616%, 4/25/36		1,506,784
	86	2.624%, 4/25/36		83,690
	2,014	5.629%, 10/25/36		1,971,664

		Total Mortgage-Backed Securities (cost—$130,594,131)		155,636,132


	U.S. TREASURY OBLIGATIONS—27.8%
		U.S. Treasury Notes,
	51,000	0.375%, 1/31/16		51,063,750
	3,000	1.50%, 8/31/18 (h)		3,003,399
	51,000	2.00%, 9/30/20		50,675,283

		Total U.S. Treasury Obligations (cost—$105,021,890)		104,742,432


	ASSET-BACKED SECURITIES—2.6%
	312	Access Financial Manufactured Housing Contract Trust, 7.65%, 5/15/21		245,679
		Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates (k),
	764	3.679%, 11/25/32		99,759
	49	5.779%, 2/25/33		1,064
	997	Bear Stearns Asset-Backed Securities I Trust, 0.654%, 9/25/34 (k)		953,566
		Conseco Finance Securitizations Corp.,
	1,905	7.96%, 5/1/31		1,541,608
	290	7.97%, 5/1/32		203,814
		Conseco Financial Corp.,
	203	6.53%, 2/1/31 (k)		204,733
	461	7.05%, 1/15/27		473,454
	1,128	Credit-Based Asset Servicing and Securitization LLC, 6.02%, 12/25/37 (a)(d)		1,208,248
	2,978	Green Tree, 8.97%, 4/25/38 (a)(d)(k)		3,215,734
	1,000	Greenpoint Manufactured Housing, 8.30%, 10/15/26 (k)		1,086,032
	509	Morgan Stanley Capital I, Inc. Trust, 0.334%, 1/25/36 (k)		503,363
	31	Oakwood Mortgage Investors, Inc., 0.385%, 6/15/32 (k)		27,301
	25	Residential Asset Mortgage Products, Inc., 8.50%, 12/25/31		24,177

		Total Asset-Backed Securities (cost—$9,402,012)		9,788,532

Schedule of Investments

PIMCO Strategic Income Fund, Inc.

April 30, 2014 (unaudited) (continued)


Principal Amount (000s)			Value*


	SOVEREIGN DEBT OBLIGATIONS—0.4%
	Costa Rica—0.1%
	700	Republic of Costa Rica, 7.00%, 4/4/44 (a)(d)		698,250

	Indonesia—0.2%
	700	Indonesia Government International Bond, 6.75%, 1/15/44 (a)(d)		778,750

	Ireland—0.1%
	200	VEB Finance PLC for Vnesheconombank, 5.375%, 2/13/17 (a)(d)		198,500

		Total Sovereign Debt Obligations (cost—$1,591,165)		1,675,500


	MUNICIPAL BONDS—0.4%
	West Virginia—0.4%
	1,775	Tobacco Settlement Finance Auth. Rev., 7.467%, 6/1/47, Ser. A (cost—$1,671,919)		1,508,342


	SENIOR LOANS—0.3%
	Aerospace & Defense—0.1%
	499	Sequa Corp., 5.25%, 6/19/17, Term B (a)(c)		490,259

	Hotels/Gaming—0.1%
	250	Stockbridge SBE Holdings LLC, 13.00%, 5/2/17, Term B (a)(b)(c)(j) (acquisition cost—$247,813; purchased 7/10/12)		276,250

	Media—0.1%
	400	Clear Channel Communications, Inc., 6.90%, 1/30/19, Term D (a)(c)		397,300

		Total Senior Loans (cost—$1,130,488)		1,163,809


Shares
	COMMON STOCK—0.1%
	Oil, Gas & Consumable Fuels—0.1%
	3,881	SemGroup Corp., Class A (cost—$100,906)		247,918


Units
	WARRANTS—0.0%
	Engineering & Construction—0.0%
	3,675	Alion Science and Technology Corp., strike price $0.01, expires 3/15/17 (a)(d)(m)		37

	Oil, Gas & Consumable Fuels—0.0%
	4,085	SemGroup Corp., strike price $25.00, expires 11/30/14 (m)		168,710

		Total Warrants (cost—$18,419)		168,747


Principal Amount (000s)
	SHORT-TERM INVESTMENTS—1.9%
	U.S. Treasury Obligations (h)(i)(l)—1.2%
	$4,510	U.S. Treasury Bills, 0.048%-0.101%, 10/9/14-3/5/15 (cost—$4,508,707)		4,508,707

	Repurchase Agreements—0.6%
	2,216	State Street Bank and Trust Co., dated 4/30/14, 0.00%, due 5/1/14, proceeds $2,216,000; collateralized by Fannie Mae, 2.20%, due 10/17/22, valued at $2,261,002 including accrued interest (cost—$2,216,000)		2,216,000

	U.S. Government Agency Securities—0.1%
	200	Federal Home Loan Bank Discount Notes, 0.076%, 10/29/14 (l) (cost—$199,925)		199,925

		Total Short-Term Investments (cost—$6,924,632)		6,924,632

		Total Investments (cost—$849,423,503) (n)—240.3%		906,043,393

		Liabilities in excess of other assets—(140.3)%		(528,955,461)

		Net Assets—100.0%		$377,087,932

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. 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. Centrally cleared swaps and exchange traded futures are valued at the price determined by the relevant exchange. Securities purchased on a when-issued or delayed-delivery basis are marked to market daily until settlement at the forward settlement date.

The Board of Directors (the “Board”) has adopted procedures for valuing portfolio securities and other financial instruments in circumstances where market quotes are not readily available, and has delegated the responsibility for applying the valuation methods to Allianz Global Investors Fund Management LLC (the “Investment Manager”) and Pacific Investment Management Company LLC (the “Sub-Adviser”). The Fund’s Valuation Committee was established by the Board to oversee the implementation of the Fund’s valuation methods and to make fair value determinations on behalf of the Board, as instructed. The Sub-Adviser monitors the continued appropriateness of methods applied and determines if adjustments should be made in light of market changes, events affecting the issuer, or other factors. If the Sub-Adviser determines that a valuation method may no longer be appropriate, another valuation method may be selected, or the Valuation Committee will be convened to consider the matter and take any appropriate action in accordance with procedures set forth by the Board. The Board shall review the appropriateness of the valuation methods and these methods may be amended or supplemented from time to time by the Valuation Committee.

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 61^st day prior to maturity, if the original term to maturity exceeded 60 days.

Investments initially valued in currencies other than the 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 investments may differ from the value that would be realized if the investments 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 $100,472,930, representing 26.6% 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 April 30, 2014.

(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 April 30, 2014.

(f)	Principal amount less than $500.

(g)	Perpetual maturity. The date shown, if any, is the next call date. For Corporate Bonds & Notes the interest rate is fixed until the first call date and variable thereafter.

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

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

(j)	Restricted. The aggregate acquisition cost of such securities is $8,247,813. The aggregate value is $8,308,649, representing 2.2% of net assets.

(k)	Variable or Floating Rate Security—Securities with an interest rate that changes periodically. The interest rate disclosed reflects the rate in effect on April 30, 2014.

(l)	Rates reflect the effective yields at purchase date.

(m)	Non-income producing.

(n)

At April 30, 2014, the cost basis of portfolio securities for federal income tax purposes was $849,770,544. Gross unrealized appreciation was $60,387,802; gross unrealized depreciation was $4,114,953; and net unrealized appreciation was $56,272,849. The difference between book and tax cost was attributable to sale-buyback adjustments, differing treatment of bond amortization/accretion and wash sale loss deferrals.

(o)	Futures contracts outstanding at April 30, 2014:

Type

Contracts

Market
Value
(000s)

Expiration
Date

Unrealized
Appreciation

Long:

2-Year U.S. Treasury Note Futures

138

30,343

6/30/14

6,266

(p)	Credit default swap agreements outstanding at April 30, 2014:

OTC sell protection swap agreements⁽¹⁾:


Swap Counterparty/ Referenced Debt Issuer	Notional Amount (000s)⁽³⁾		Credit Spread⁽²⁾			Termination Date		Payments Received			Value⁽⁴⁾			Upfront Premiums Received			Unrealized Appreciation (Depreciation)
Bank of America:
Republic of Indonesia Government International Bond	$	600		1.72	%		6/20/19		1.00	%	$	(20,145	)	$	(20,164	)	$	19
Deutsche Bank:
Republic of Indonesia Government International Bond		1,200		1.72	%		6/20/19		1.00	%		(40,290	)		(42,376	)		2,086
JPMorgan Chase:
Republic of Indonesia Government International Bond		1,200		1.72	%		6/20/19		1.00	%		(40,290	)		(40,165	)		(125	)

											$	(100,725	)	$	(102,705	)	$	1,980

⁽¹⁾ 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, other deliverable obligations 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. Recovery values are assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.

⁽²⁾ Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements as of year/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.

⁽³⁾ This represents 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.

⁽⁴⁾ The quoted market prices and resulting values for credit default swap agreements serve as an indicator of the status at April 30, 2014 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 have 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.

(q)	Interest rate swap agreements outstanding at April 30, 2014:

Centrally cleared swap agreements:


					Rate Type
Broker (Exchange)	Notional Amount (000s)		Termination Date		Payments Made			Payments Received		Value			Unrealized Depreciation
Deutsche Bank (CME)	$	144,000		6/18/24		3.00	%		3-Month USD-LIBOR	$	(2,522,167	)	$	(2,450,167	)
Goldman Sachs (CME)		128,700		6/18/19		2.00	%		3-Month USD-LIBOR		(985,952	)		(1,101,782	)

										$	(3,508,119	)	$	(3,551,949	)

(r)	Forward foreign currency contracts outstanding at April 30, 2014:


	Counterparty	U.S.$ Value on Origination Date		U.S.$ Value April 30, 2014		Unrealized Appreciation (Depreciation)
Purchased:
4,050,000 British Pound settling 6/12/14	Barclays Bank	$	6,771,916	$	6,835,830	$	63,914
295,000 British Pound settling 6/12/14	BNP Paribas		490,881		497,918		7,037
19,385,004 Euro settling 5/2/14	Bank of America		26,821,265		26,893,771		72,506
329,000 Euro settling 6/3/14	BNP Paribas		456,267		456,407		140
Sold:
111,893 British Pound settling 6/12/14	Bank of America		188,000		188,859		(859	)
6,439,000 British Pound settling 6/12/14	Barclays Bank		10,759,837		10,868,125		(108,288	)
1,173,064 British Pound settling 6/12/14	Citigroup		1,950,093		1,979,967		(29,874	)
45,679 British Pound settling 6/12/14	Credit Suisse First Boston		76,000		77,100		(1,100	)
251,805 British Pound settling 6/12/14	Deutsche Bank		421,349		425,011		(3,662	)
18,951,836 British Pound settling 6/12/14	Goldman Sachs		31,748,998		31,988,029		(239,031	)
22,922 British Pound settling 6/12/14	UBS		38,000		38,689		(689	)
289,000 Euro settling 5/2/14	Bank of America		396,898		400,944		(4,046	)
19,385,004 Euro settling 6/3/14	Bank of America		26,819,152		26,891,958		(72,806	)
174,507 Euro settling 5/2/14	Goldman Sachs		241,000		242,102		(1,102	)
109,824 Euro settling 5/2/14	JPMorgan Chase		151,000		152,365		(1,365	)
18,811,672 Euro settling 5/2/14	Royal Bank of Scotland		25,915,506		26,098,361		(182,855	)

						$	(502,080	)

(s)	At April 30, 2014, the Fund held $1,220,000 in cash as collateral for derivative contracts. Cash collateral held may be invested in accordance with the Fund’s investment strategy.

(t)	Open reverse repurchase agreements at April 30, 2014:


Counterparty	Rate			Trade Date		Due Date		Principal & Interest		Principal
Barclays Bank		0.625	%		2/26/14		8/26/14	$	1,648,830	$	1,647,000
Deutsche Bank		0.20			4/10/14		5/2/14		22,630,640		22,628,000
		0.20			4/10/14		5/12/14		2,427,283		2,427,000
		0.21			4/10/14		5/12/14		31,230,825		31,227,000
		0.26			4/7/14		5/6/14		4,590,796		4,590,000
		0.26			4/10/14		5/12/14		34,039,162		34,034,000
		0.26			4/14/14		5/16/14		32,566,998		32,563,000
		0.31			4/14/14		5/16/14		6,298,922		6,298,000
		0.31			4/14/14		5/19/14		7,358,077		7,357,000
		0.31			4/30/14		5/30/14		7,425,064		7,425,000
		0.50			2/14/14		5/15/14		13,085,798		13,072,000
		0.50			3/4/14		6/4/14		4,497,620		4,494,000
		0.55			2/14/14		5/15/14		729,846		729,000
		0.55			3/4/14		6/4/14		2,083,845		2,082,000
Goldman Sachs		0.18			4/7/14		5/5/14		171,021		171,000
		0.18			4/8/14		5/8/14		3,468,399		3,468,000
		0.18			4/10/14		5/12/14		7,038,739		7,038,000
		0.18			4/16/14		5/12/14		3,297,247		3,297,000
		0.18			4/30/14		6/9/14		170,000		170,000
Royal Bank of Canada		0.45			2/6/14		5/6/14		8,864,298		8,855,000
UBS		0.43			2/21/14		5/21/14		5,832,803		5,828,000
		0.70			4/15/14		7/15/14		1,548,653		1,548,181
		0.78			4/15/14		7/15/14		5,290,878		5,289,079

										$	206,237,260

(u)

The weighted average daily balance of reverse repurchase agreements during the three months ended April 30, 2014 was $207,341,144, at a weighted average interest rate of 0.32%. Total value of underlying collateral (refer to the Schedule of Investments for positions transferred for the benefit of the counterparty as collateral) for open reverse repurchase agreements at April 30, 2014 was $212,399,205.

At April 30, 2014, the Fund held U.S. Treasury Obligations valued at $1,663,344 as collateral for open reverse repurchase agreements. Securities held as collateral will not be pledged and are not reflected in the Schedule of Investments.

(v)	The weighted average borrowing for sale-buybacks during the three months ended April 30, 2014 was $140,506,312 at a weighted average interest rate of 0.07%.

Glossary:

ABS—Asset-Backed Securities

£—British Pound

CME—Chicago Mercantile Exchange

CMO—Collateralized Mortgage Obligation

€—Euro

FRN—Floating Rate Note

IO—Interest Only

LIBOR—London Inter-Bank Offered Rate

MBS—Mortgage-Backed Securities

OTC—Over-the-Counter

PIK—Payment-in-Kind

TBA—To Be Announced

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, which may include, but are not limited to, quoted prices for similar assets or liabilities, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates or other market corroborated inputs

•

Level 3 – valuations based on significant unobservable inputs (including the Sub-Adviser’s or Valuation Committee’s own assumptions and securities whose price was determined by using a single broker’s quote)

The valuation techniques used by the Fund to measure fair value during the three months ended April 30, 2014 were intended to maximize the use of observable inputs and to minimize the use of unobservable inputs.

The Fund’s policy is to recognize transfers between levels at the end of the reporting period. An investment asset’s or liability’s level within the fair value hierarchy is based on the lowest level input, individually or in aggregate, that is significant to the 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 techniques used. Investments categorized as Level 1 or 2 as of period end may have been transferred between Levels 1 and 2 since the prior period due to changes in the valuation method utilized in valuing the investments.

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 for Level 2 and Level 3, in accordance with Generally Accepted Accounting Principles.

Equity Securities (Common and Preferred Stock) — Equity securities traded in inactive markets 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. Treasury obligations 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 life caps and the next coupon reset date. 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 services 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 & 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 & 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.

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.

Credit Default Swaps — Credit default swaps traded over-the-counter (“OTC”) 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.

Interest Rate Swaps — OTC 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 is monitored regularly to ensure that interest rates are properly depicting the current market rate. Centrally cleared interest rate swaps are valued at the price determined by the relevant exchange. 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.

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. These quoted prices are based on interest rates, yield curves, option adjusted spreads and credit spreads. 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.

A summary of the inputs used at April 30, 2014 in valuing the Fund’s assets and liabilities is listed below (refer to the Schedule of Investments and Notes to Schedule of Investments for more detailed information on Investments in Securities and Other Financial Instruments):


	Level 1 - Quoted Prices		Level 2 - Other Significant Observable Inputs			Level 3 - Significant Unobservable Inputs		Value at 4/30/14
Investments in Securities — Assets
U.S. Government Agency Securities	$	—	$	454,801,150		$	—	$	454,801,150
Corporate Bonds & Notes:
Airlines		—		—			5,338,035		5,338,035
All Other		—		164,048,164			—		164,048,164
Mortgage-Backed Securities		—		155,636,132			—		155,636,132
U.S. Treasury Obligations		—		104,742,432			—		104,742,432
Asset-Backed Securities		—		9,788,532			—		9,788,532
Sovereign Debt Obligations		—		1,675,500			—		1,675,500
Municipal Bonds		—		1,508,342			—		1,508,342
Senior Loans:
Hotels/Gaming		—		—			276,250		276,250
All Other		—		887,559			—		887,559
Common Stock		247,918		—			—		247,918
Warrants:
Engineering & Construction		—		37			—		37
Oil, Gas & Consumable Fuels		168,710		—			—		168,710
Short-Term Investments		—		6,924,632			—		6,924,632

		416,628		900,012,480			5,614,285		906,043,393

*Other Financial Instruments — Assets**
Credit Contracts		—		2,105			—		2,105
Foreign Exchange Contracts		—		143,597			—		143,597
Interest Rate Contracts		6,266		—			—		6,266

		6,266		145,702			—		151,968

*Other Financial Instruments — Liabilities**
Credit Contracts		—		(125	)		—		(125	)
Foreign Exchange Contracts		—		(645,677	)		—		(645,677	)
Interest Rate Contracts		—		(3,551,949	)		—		(3,551,949	)

		—		(4,197,751	)		—		(4,197,751	)

Totals	$	422,894	$	895,960,431		$	5,614,285	$	901,997,610

At April 30, 2014, there were no transfers between Levels 1 and 2.

A roll forward of fair value measurements using significant unobservable inputs (Level 3) for the three months ended April 30, 2014, was as follows:


	Beginning Balance 1/31/14		Purchases		Sales		Accrued Discount (Premiums)			Net Realized Gain (Loss)		Net Change in Unrealized Appreciation/ Depreciation		Transfers into Level 3		Transfers out of Level 3		Ending Balance 4/30/14
Investments in Securities — Assets
Corporate Bonds & Notes:
Airlines	$	5,298,976	$	—	$	—	$	(1,882	)	$	—	$	40,941	$	—	$	—	$	5,338,035
Senior Loans:
Hotels/Gaming		273,750		—		—		111			—		2,389		—		—		276,250

Totals	$	5,572,726	$	—	$	—	$	(1,771	)	$	—	$	43,330	$	—	$	—	$	5,614,285

The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 at April 30, 2014:


	Ending Balance at 4/30/14		Valuation Technique Used	Unobservable Inputs	Input Values
Investments in Securities — Assets
Corporate Bonds & Notes	$	5,338,035	Third Party Pricing Vendor	Single Broker Quote	$109.63-$115.00
Senior Loans	$	276,250	Third Party Pricing Vendor	Single Broker Quote	$110.50

*	Other financial instruments are derivatives, such as futures contracts, swap agreements and forward foreign currency contracts, which are valued at the unrealized appreciation (depreciation) of the instrument.

The net change in unrealized appreciation/depreciation of Level 3 investments held at April 30, 2014 was $43,330.

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 CFR270.30a-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 control 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 Strategic Income Fund, Inc.



By		/s/ Julian Sluyters
		Julian Sluyters, President & Chief Executive Officer

Date: June 23, 2014

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

Date: June 23, 2014

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/ Julian Sluyters
		Julian Sluyters, President & Chief Executive Officer

Date: June 23, 2014

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

Date: June 23, 2014