Edgar Filing: PIMCO STRATEGIC GLOBAL GOVERNMENT FUND INC

PIMCO Strategic Global Government Fund, Inc.


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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, NY		10105
(Address of principal executive offices)		(Zip code)

Lawrence G. Altadonna

1345 Avenue of the Americas,

New York, NY 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, 2012

Date of reporting period: April 30, 2011

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

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
	U.S. GOVERNMENT AGENCY SECURITIES—172.0%
		Fannie Mae—128.1%
$	27	2.325%, 4/1/30, FRN, MBS (k)		Aaa/AAA	$	28,587
	8	2.525%, 10/1/31, FRN, MBS		Aaa/AAA		7,931
	142	2.525%, 3/1/32, FRN, MBS (k)		Aaa/AAA		143,385
	21	2.53%, 9/1/28, FRN, MBS		Aaa/AAA		21,568
	9	2.54%, 2/1/32, FRN, MBS		Aaa/AAA		9,451
	72	2.614%, 11/1/27, FRN, MBS (k)		Aaa/AAA		75,421
	91	2.686%, 12/1/28, FRN, MBS (k)		Aaa/AAA		96,116
	83	2.75%, 3/1/31, FRN, MBS (k)		Aaa/AAA		87,337
	47	2.81%, 2/1/27, FRN, MBS (k)		Aaa/AAA		49,906
	227	2.815%, 12/1/30, FRN, MBS (k)		Aaa/AAA		230,497
	108	2.848%, 12/1/25, FRN, MBS (k)		Aaa/AAA		114,337
	76,000	4.00%, MBS, TBA (e)		Aaa/AAA		75,691,288
	434	4.25%, 11/25/24, CMO (k)		Aaa/AAA		456,166
	14	4.25%, 3/25/33, CMO		Aaa/AAA		14,754
	4,360	4.50%, 7/25/40, CMO (k)		Aaa/AAA		4,157,270
	160,000	4.50%, MBS, TBA (e)		Aaa/AAA		164,812,460
	12	5.00%, 12/1/18, MBS		Aaa/AAA		13,215
	71	5.50%, 8/25/14, CMO (k)		Aaa/AAA		72,432
	20	5.50%, 12/25/16, CMO		Aaa/AAA		21,718
	124	5.50%, 7/25/24, CMO (k)		Aaa/AAA		132,604
	15,226	5.50%, 11/25/32, CMO (k)		Aaa/AAA		16,454,634
	2,742	5.50%, 6/1/33, MBS (k)		Aaa/AAA		2,970,657
	741	5.50%, 7/1/33, MBS (k)		Aaa/AAA		802,891
	9	5.50%, 9/1/33, MBS		Aaa/AAA		9,562
	1,080	5.50%, 10/1/33, MBS (k)		Aaa/AAA		1,170,665
	38	5.50%, 12/1/33, MBS (k)		Aaa/AAA		41,545
	623	5.50%, 1/1/34, MBS (k)		Aaa/AAA		675,493
	6,643	5.50%, 2/1/34, MBS (k)		Aaa/AAA		7,201,234
	77	5.50%, 7/1/34, MBS (k)		Aaa/AAA		83,762
	517	5.50%, 8/1/34, MBS (k)		Aaa/AAA		560,098
	164	5.50%, 10/1/34, MBS (k)		Aaa/AAA		177,211
	887	5.50%, 12/25/34, CMO (k)		Aaa/AAA		984,267
	1,370	5.50%, 4/25/35, CMO (k)		Aaa/AAA		1,522,086
	140	5.50%, 9/1/35, MBS (k)		Aaa/AAA		151,076
	36	5.50%, 1/1/36, MBS (k)		Aaa/AAA		39,342
	85	5.50%, 8/1/37, MBS (k)		Aaa/AAA		92,106
	383	5.50%, 6/1/38, MBS (k)		Aaa/AAA		414,584
	886	5.50%, 7/1/38, MBS (k)		Aaa/AAA		959,565
	383	5.50%, 3/1/39, MBS (k)		Aaa/AAA		414,794
	101,000	5.50%, MBS, TBA (e)		Aaa/AAA		108,764,375
	100	5.75%, 6/25/33, CMO (k)		Aaa/AAA		111,028
	2,500	5.807%, 8/25/43, CMO (k)		Aaa/AAA		2,787,350
	46	6.00%, 2/25/17, CMO (k)		Aaa/AAA		49,710
	243	6.00%, 4/25/17, CMO (k)		Aaa/AAA		264,204
	1,773	6.00%, 12/1/32, MBS (k)		Aaa/AAA		1,961,285
	1,557	6.00%, 1/1/33, MBS (k)		Aaa/AAA		1,722,609
	390	6.00%, 2/1/33, MBS (k)		Aaa/AAA		431,464
	3,663	6.00%, 4/1/35, MBS (k)		Aaa/AAA		4,052,444
	4,913	6.00%, 1/1/36, MBS (k)		Aaa/AAA		5,402,947
	1,373	6.00%, 10/1/36, MBS (k)		Aaa/AAA		1,518,495

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)		Value*
			Fannie Mae (continued)
$	7,513		6.00%, 9/1/37, MBS (k)		Aaa/AAA	$	8,245,581
	13,277		6.00%, 4/1/39, MBS (k)		Aaa/AAA		14,600,463
	6,171		6.00%, 1/25/44, CMO (k)		Aaa/AAA		6,869,933
	77		6.377%, 12/25/42, CMO, VRN (k)		Aaa/AAA		84,835
	16		6.50%, 5/1/13, MBS		Aaa/AAA		16,238
	14		6.50%, 10/1/13, MBS		Aaa/AAA		15,260
	97		6.50%, 2/1/14, MBS (k)		Aaa/AAA		100,277
	156		6.50%, 10/1/18, MBS (k)		Aaa/AAA		171,956
	130		6.50%, 9/1/19, MBS (k)		Aaa/AAA		142,547
	217		6.50%, 1/1/20, MBS (k)		Aaa/AAA		238,463
	210		6.50%, 6/25/23, CMO (k)		Aaa/AAA		244,248
	—	(g)	6.50%, 3/1/24, MBS		Aaa/AAA		98
	21		6.50%, 4/1/27, MBS		Aaa/AAA		24,041
	124		6.50%, 11/18/27, CMO (k)		Aaa/AAA		139,761
	11		6.50%, 1/1/28, MBS		Aaa/AAA		12,007
	455		6.50%, 2/1/28, MBS (k)		Aaa/AAA		516,646
	12		6.50%, 4/1/28, MBS		Aaa/AAA		13,526
	56		6.50%, 9/1/28, MBS (k)		Aaa/AAA		64,004
	17		6.50%, 11/1/28, MBS		Aaa/AAA		19,207
	49		6.50%, 1/1/29, MBS (k)		Aaa/AAA		56,373
	7		6.50%, 2/1/29, MBS		Aaa/AAA		7,411
	3		6.50%, 3/1/29, MBS		Aaa/AAA		3,001
	39		6.50%, 4/1/29, MBS (k)		Aaa/AAA		44,035
	23		6.50%, 5/1/29, MBS		Aaa/AAA		26,503
	51		6.50%, 6/1/29, MBS (k)		Aaa/AAA		56,999
	644		6.50%, 7/1/29, MBS (k)		Aaa/AAA		729,093
	5		6.50%, 9/1/29, MBS		Aaa/AAA		5,224
	8		6.50%, 12/1/29, MBS		Aaa/AAA		9,078
	200		6.50%, 4/1/31, MBS (k)		Aaa/AAA		227,560
	133		6.50%, 5/1/31, MBS (k)		Aaa/AAA		148,249
	137		6.50%, 8/1/31, MBS (k)		Aaa/AAA		152,899
	1,193		6.50%, 9/25/31, CMO (k)		Aaa/AAA		1,354,492
	52		6.50%, 10/1/31, MBS (k)		Aaa/AAA		58,076
	27		6.50%, 11/1/31, MBS (k)		Aaa/AAA		29,998
	1,978		6.50%, 3/25/32, CMO (k)		Aaa/AAA		2,234,970
	34		6.50%, 6/1/32, MBS (k)		Aaa/AAA		37,840
	110		6.50%, 8/1/32, MBS (k)		Aaa/AAA		123,544
	53		6.50%, 9/1/32, MBS (k)		Aaa/AAA		59,955
	354		6.50%, 10/1/32, MBS (k)		Aaa/AAA		400,404
	254		6.50%, 5/1/33, MBS (k)		Aaa/AAA		287,539
	74		6.50%, 6/1/33, MBS (k)		Aaa/AAA		84,180
	130		6.50%, 7/1/33, MBS (k)		Aaa/AAA		147,210
	156		6.50%, 8/1/33, MBS (k)		Aaa/AAA		176,692
	447		6.50%, 9/1/33, MBS (k)		Aaa/AAA		504,884
	1,195		6.50%, 10/1/33, MBS (k)		Aaa/AAA		1,351,677
	877		6.50%, 11/1/33, MBS (k)		Aaa/AAA		991,845
	179		6.50%, 12/1/33, MBS (k)		Aaa/AAA		202,301
	442		6.50%, 1/1/34, MBS (k)		Aaa/AAA		500,390
	60		6.50%, 2/1/34, MBS (k)		Aaa/AAA		68,142
	24		6.50%, 3/1/34, MBS		Aaa/AAA		26,829
	60		6.50%, 4/1/34, MBS (k)		Aaa/AAA		68,173
	66		6.50%, 5/1/34, MBS (k)		Aaa/AAA		74,743
	694		6.50%, 7/1/34, MBS (k)		Aaa/AAA		785,691
	496		6.50%, 8/1/34, MBS (k)		Aaa/AAA		560,433

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
		Fannie Mae (continued)
$	577	6.50%, 9/1/34, MBS (k)	Aaa/AAA	$	652,126
	14	6.50%, 10/1/34, MBS	Aaa/AAA		15,387
	341	6.50%, 11/1/34, MBS (k)	Aaa/AAA		385,538
	241	6.50%, 12/1/34, MBS (k)	Aaa/AAA		272,005
	167	6.50%, 2/1/35, MBS (k)	Aaa/AAA		189,117
	111	6.50%, 4/1/35, MBS (k)	Aaa/AAA		125,729
	50	6.50%, 7/1/35, MBS (k)	Aaa/AAA		56,307
	183	6.50%, 10/1/35, MBS (k)	Aaa/AAA		207,438
	944	6.50%, 6/1/36, MBS (k)	Aaa/AAA		1,066,566
	3,281	6.50%, 12/1/36, MBS (k)	Aaa/AAA		3,698,543
	391	6.50%, 4/1/37, MBS (k)	Aaa/AAA		439,605
	238	6.50%, 2/1/38, MBS (k)	Aaa/AAA		269,095
	1,162	6.50%, 7/1/39, MBS (k)	Aaa/AAA		1,308,617
	1,190	6.50%, 12/25/41, CMO (k)	Aaa/AAA		1,339,840
	3,348	6.50%, 7/25/42, CMO (k)	Aaa/AAA		3,706,113
	286	6.50%, 8/25/42, CMO (k)	Aaa/AAA		333,445
	3,709	6.50%, 9/25/42, CMO (k)	Aaa/AAA		4,174,418
	48	6.50%, 10/25/42, CMO, VRN (k)	Aaa/AAA		54,584
	1,275	6.50%, 6/25/44, CMO (k)	Aaa/AAA		1,482,303
	216	6.50%, 11/1/47, MBS (k)	Aaa/AAA		241,016
	1,000	6.50%, MBS, TBA (e)	Aaa/AAA		1,121,094
	54	6.85%, 12/18/27, CMO (k)	Aaa/AAA		61,046
	50	7.00%, 7/18/12, CMO (k)	Aaa/AAA		51,481
	35	7.00%, 1/1/13, MBS (k)	Aaa/AAA		35,045
	17	7.00%, 2/1/15, MBS	Aaa/AAA		18,198
	168	7.00%, 3/1/16, MBS (k)	Aaa/AAA		184,192
	83	7.00%, 5/1/16, MBS (k)	Aaa/AAA		92,041
	74	7.00%, 11/1/16, MBS (k)	Aaa/AAA		77,593
	275	7.00%, 5/1/17, MBS (k)	Aaa/AAA		306,108
	70	7.00%, 11/1/17, MBS (k)	Aaa/AAA		76,107
	635	7.00%, 7/1/21, MBS (k)	Aaa/AAA		698,978
	126	7.00%, 11/1/24, MBS (k)	Aaa/AAA		143,352
	9	7.00%, 10/1/25, MBS	Aaa/AAA		10,215
	42	7.00%, 6/18/27, CMO (k)	Aaa/AAA		47,918
	5	7.00%, 9/1/27, MBS	Aaa/AAA		5,685
	9	7.00%, 11/1/27, MBS	Aaa/AAA		10,272
	34	7.00%, 12/1/27, MBS (k)	Aaa/AAA		39,562
	3	7.00%, 5/1/28, MBS	Aaa/AAA		3,335
	18	7.00%, 6/1/28, MBS	Aaa/AAA		20,454
	51	7.00%, 2/1/29, MBS (k)	Aaa/AAA		58,894
	135	7.00%, 3/1/29, MBS (k)	Aaa/AAA		155,197
	136	7.00%, 4/1/29, MBS (k)	Aaa/AAA		156,094
	71	7.00%, 5/1/29, MBS (k)	Aaa/AAA		81,572
	54	7.00%, 6/1/29, MBS (k)	Aaa/AAA		61,431
	22	7.00%, 7/1/29, MBS	Aaa/AAA		25,166
	75	7.00%, 9/1/29, MBS (k)	Aaa/AAA		87,586
	30	7.00%, 10/1/29, MBS	Aaa/AAA		34,955
	1	7.00%, 11/1/29, MBS	Aaa/AAA		954
	14	7.00%, 3/1/30, MBS	Aaa/AAA		15,647
	5,376	7.00%, 4/1/30, MBS (k)	Aaa/AAA		6,194,168
	136	7.00%, 5/1/30, MBS (k)	Aaa/AAA		156,855
	12	7.00%, 4/1/31, MBS	Aaa/AAA		14,239
	11	7.00%, 6/1/31, MBS	Aaa/AAA		12,138
	36	7.00%, 7/1/31, MBS	Aaa/AAA		42,512

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
		Fannie Mae (continued)
$	104	7.00%, 8/1/31, MBS (k)		Aaa/AAA	$	119,053
	93	7.00%, 9/1/31, MBS (k)		Aaa/AAA		106,977
	11	7.00%, 11/1/31, MBS		Aaa/AAA		13,154
	134	7.00%, 12/1/31, MBS (k)		Aaa/AAA		154,017
	70	7.00%, 1/1/32, MBS (k)		Aaa/AAA		77,886
	140	7.00%, 2/1/32, MBS (k)		Aaa/AAA		161,769
	48	7.00%, 4/1/32, MBS (k)		Aaa/AAA		55,961
	138	7.00%, 5/1/32, MBS (k)		Aaa/AAA		158,983
	126	7.00%, 6/1/32, MBS (k)		Aaa/AAA		145,363
	63	7.00%, 7/1/32, MBS (k)		Aaa/AAA		72,744
	25	7.00%, 8/1/32, MBS		Aaa/AAA		28,649
	338	7.00%, 9/25/32, CMO (k)		Aaa/AAA		386,924
	185	7.00%, 9/1/33, MBS (k)		Aaa/AAA		212,229
	353	7.00%, 11/1/33, MBS (k)		Aaa/AAA		405,229
	577	7.00%, 1/1/34, MBS (k)		Aaa/AAA		659,826
	140	7.00%, 7/1/34, MBS (k)		Aaa/AAA		156,681
	155	7.00%, 2/25/35, CMO (k)		Aaa/AAA		182,082
	142	7.00%, 3/1/35, MBS (k)		Aaa/AAA		163,613
	1,899	7.00%, 7/1/36, MBS (k)		Aaa/AAA		2,156,216
	1,543	7.00%, 9/25/41, CMO, VRN (k)		Aaa/AAA		1,814,188
	167	7.00%, 10/25/41, CMO (k)		Aaa/AAA		189,414
	78	7.00%, 7/25/42, CMO (k)		Aaa/AAA		89,752
	411	7.00%, 11/25/43, CMO (k)		Aaa/AAA		469,162
	351	7.00%, 2/25/44, CMO (k)		Aaa/AAA		402,415
	2,159	7.00%, 3/25/45, CMO (k)		Aaa/AAA		2,441,648
	208	7.00%, 12/1/46, MBS (k)		Aaa/AAA		236,170
	383	7.00%, 1/1/47, MBS (k)		Aaa/AAA		434,395
	1,282	7.231%, 2/25/42, CMO, VRN (k)		Aaa/AAA		1,458,900
	1,128	7.363%, 10/25/42, CMO, VRN (k)		Aaa/AAA		1,302,554
	530	7.50%, 6/1/17, MBS (k)		Aaa/AAA		581,132
	39	7.50%, 12/1/17, MBS (k)		Aaa/AAA		44,672
	388	7.50%, 5/1/22, MBS (k)		Aaa/AAA		453,701
	54	7.50%, 10/25/22, CMO (k)		Aaa/AAA		61,977
	586	7.50%, 4/1/24, MBS (k)		Aaa/AAA		673,227
	52	7.50%, 11/25/26, CMO (k)		Aaa/AAA		58,137
	201	7.50%, 6/19/30, CMO, VRN (k)		Aaa/AAA		230,586
	202	7.50%, 6/25/30, CMO (k)		Aaa/AAA		229,347
	47	7.50%, 7/1/31, MBS (k)		Aaa/AAA		54,266
	104	7.50%, 5/1/32, MBS (k)		Aaa/AAA		121,522
	90	7.50%, 9/1/37, MBS (k)		Aaa/AAA		102,649
	1,162	7.50%, 7/25/41, CMO (k)		Aaa/AAA		1,325,673
	74	7.50%, 7/25/42, CMO (k)		Aaa/AAA		85,437
	8	7.50%, 8/25/42, CMO		Aaa/AAA		9,180
	630	7.50%, 3/25/44, CMO (k)		Aaa/AAA		730,529
	2,502	7.50%, 6/25/44, CMO (k)		Aaa/AAA		2,919,090
	83	7.70%, 3/25/23, CMO (k)		Aaa/AAA		94,807
	7	8.00%, 4/1/19, MBS		Aaa/AAA		8,097
	325	8.00%, 9/25/21, CMO (k)		Aaa/AAA		373,733
	2	8.00%, 1/1/22, MBS		Aaa/AAA		2,621
	4	8.00%, 12/1/22, MBS		Aaa/AAA		4,528
	7	8.00%, 6/1/24, MBS		Aaa/AAA		7,902
	292	8.00%, 9/1/24, MBS (k)		Aaa/AAA		338,644
	1	8.00%, 12/1/24, MBS		Aaa/AAA		1,307
	2	8.00%, 9/1/27, MBS		Aaa/AAA		2,882

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
		Fannie Mae (continued)
$	17	8.00%, 4/1/30, MBS		Aaa/AAA	$	20,347
	75	8.00%, 5/1/30, MBS (k)		Aaa/AAA		87,252
	1,781	8.00%, 7/19/30, CMO, VRN (k)		Aaa/AAA		2,055,873
	36	8.00%, 8/1/30, MBS (k)		Aaa/AAA		41,845
	1	8.00%, 9/1/30, MBS		Aaa/AAA		1,260
	1	8.00%, 10/1/30, MBS		Aaa/AAA		1,282
	14	8.00%, 1/1/31, MBS		Aaa/AAA		16,641
	11	8.00%, 3/1/31, MBS		Aaa/AAA		12,841
	92	8.00%, 5/1/31, MBS (k)		Aaa/AAA		108,144
	268	8.00%, 7/1/31, MBS (k)		Aaa/AAA		311,703
	30	8.00%, 8/1/31, MBS		Aaa/AAA		35,224
	328	8.00%, 10/1/31, MBS		Aaa/AAA		382,550
	54	8.00%, 11/1/31, MBS (k)		Aaa/AAA		62,866
	23	8.00%, 1/1/32, MBS		Aaa/AAA		26,258
	96	8.00%, 5/1/32, MBS (k)		Aaa/AAA		111,886
	12	8.00%, 6/1/32, MBS		Aaa/AAA		13,986
	109	8.00%, 1/1/35, MBS (k)		Aaa/AAA		124,683
	39	8.50%, 4/1/16, MBS (k)		Aaa/AAA		41,949
	530	8.50%, 9/25/21, CMO (k)		Aaa/AAA		598,504
	514	8.50%, 10/25/21, CMO (k)		Aaa/AAA		590,032
	333	8.50%, 12/25/21, CMO (k)		Aaa/AAA		381,881
	1,258	8.50%, 6/18/27, CMO (k)		Aaa/AAA		1,504,874
	224	8.50%, 6/25/30, CMO (k)		Aaa/AAA		263,976
	415	8.50%, 6/1/36, MBS (k)		Aaa/AAA		474,821
	827	9.415%, 5/15/21, MBS (k)		Aaa/AAA		968,595
	255	10.040%, 7/15/27, MBS (k)		Aaa/AAA		288,647
	6	10.30%, 4/25/19, CMO		Aaa/AAA		6,454

						512,567,300

		Federal Housing Administration—0.8%
	3,164	7.25%, 8/1/31 (f)		Aaa/AAA		3,134,872

		Freddie Mac—28.1%
	9	2.387%, 12/1/26, FRN, MBS		Aaa/AAA		9,604
	74	2.547%, 9/1/31, FRN, MBS (k)		Aaa/AAA		74,391
	8	2.55%, 4/1/33, FRN, MBS		Aaa/AAA		8,396
	3,000	4.00%, MBS, TBA (e)		Aaa/AAA		2,983,125
	40	5.00%, 10/15/16, CMO (k)		Aaa/AAA		40,757
	35	5.00%, 11/15/16, CMO (k)		Aaa/AAA		34,968
	49	5.00%, 2/15/24, CMO (k)		Aaa/AAA		53,584
	208	6.00%, 9/15/16, CMO (k)		Aaa/AAA		222,302
	2,136	6.00%, 12/15/16, CMO (k)		Aaa/AAA		2,307,559
	28	6.00%, 3/15/17, CMO (k)		Aaa/AAA		30,693
	824	6.00%, 4/1/17, MBS (k)		Aaa/AAA		895,426
	687	6.00%, 12/15/28, CMO (k)		Aaa/AAA		755,152
	1,073	6.00%, 2/15/31, CMO (k)		Aaa/AAA		1,175,223
	648	6.00%, 4/15/31, CMO (k)		Aaa/AAA		718,759
	1,381	6.00%, 9/25/31, CMO (k)		Aaa/AAA		1,546,972
	13,104	6.00%, 2/15/32, CMO (k)		Aaa/AAA		14,588,785
	5	6.00%, 2/1/33, MBS		Aaa/AAA		5,924
	1,393	6.00%, 3/1/33, MBS (k)		Aaa/AAA		1,517,981
	40	6.00%, 2/1/34, MBS (k)		Aaa/AAA		44,321
	130	6.00%, 3/15/35, CMO (k)		Aaa/AAA		144,864
	740	6.50%, 11/1/16, MBS (k)		Aaa/AAA		809,243

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
		Freddie Mac (continued)
$	16	6.50%, 8/1/21, MBS		Aaa/AAA	$	17,629
	141	6.50%, 9/15/23, CMO (k)		Aaa/AAA		158,505
	2,332	6.50%, 10/15/23, CMO (k)		Aaa/AAA		2,431,807
	333	6.50%, 12/15/23, CMO (k)		Aaa/AAA		364,015
	352	6.50%, 3/15/26, CMO (k)		Aaa/AAA		394,760
	942	6.50%, 2/15/28, CMO (k)		Aaa/AAA		1,087,052
	1,836	6.50%, 5/15/29, CMO (k)		Aaa/AAA		2,039,724
	9	6.50%, 6/1/29, MBS		Aaa/AAA		9,712
	220	6.50%, 7/15/29, CMO (k)		Aaa/AAA		256,103
	8,565	6.50%, 6/15/31, CMO (k)		Aaa/AAA		9,741,346
	4,701	6.50%, 9/15/31, CMO (k)		Aaa/AAA		5,487,995
	92	6.50%, 12/15/31, CMO (k)		Aaa/AAA		96,608
	382	6.50%, 2/15/32, CMO (k)		Aaa/AAA		434,256
	860	6.50%, 6/15/32, CMO (k)		Aaa/AAA		1,002,307
	4,651	6.50%, 7/15/32, CMO (k)		Aaa/AAA		5,424,008
	2,220	6.50%, 7/1/37, MBS (k)		Aaa/AAA		2,490,209
	112	6.50%, 2/25/43, CMO (k)		Aaa/AAA		126,917
	105	6.50%, 9/25/43, CMO, VRN (k)		Aaa/AAA		119,654
	594	6.50%, 10/25/43, CMO (k)		Aaa/AAA		669,156
	5,111	6.50%, 3/25/44, CMO (k)		Aaa/AAA		5,783,200
	352	6.50%, 9/1/47, MBS (k)		Aaa/AAA		394,187
	493	6.50%, 9/1/48, MBS (k)		Aaa/AAA		550,178
	979	6.692%, 7/25/32, CMO, VRN (k)		Aaa/AAA		1,124,110
	1,291	6.90%, 9/15/23, CMO (k)		Aaa/AAA		1,477,157
	656	6.95%, 7/15/21, CMO (k)		Aaa/AAA		737,146
	3	7.00%, 7/15/12, CMO		Aaa/AAA		2,814
	61	7.00%, 9/1/12, MBS (k)		Aaa/AAA		62,688
	5	7.00%, 10/1/12, MBS		Aaa/AAA		5,303
	7	7.00%, 11/1/12, MBS		Aaa/AAA		7,668
	5	7.00%, 12/1/12, MBS		Aaa/AAA		5,421
	221	7.00%, 7/1/13, MBS (k)		Aaa/AAA		230,142
	7	7.00%, 1/1/14, MBS		Aaa/AAA		7,743
	259	7.00%, 9/1/14, MBS (k)		Aaa/AAA		277,093
	59	7.00%, 11/1/14, MBS (k)		Aaa/AAA		62,811
	22	7.00%, 7/1/15, MBS		Aaa/AAA		24,361
	4	7.00%, 8/1/15, MBS		Aaa/AAA		4,510
	25	7.00%, 4/1/16, MBS (k)		Aaa/AAA		26,843
	3	7.00%, 6/1/16, MBS		Aaa/AAA		3,517
	31	7.00%, 7/1/16, MBS (k)		Aaa/AAA		33,764
	8	7.00%, 11/1/16, MBS		Aaa/AAA		8,768
	8	7.00%, 3/1/17, MBS		Aaa/AAA		9,248
	523	7.00%, 6/1/17, MBS (k)		Aaa/AAA		552,460
	389	7.00%, 8/1/21, MBS (k)		Aaa/AAA		424,349
	710	7.00%, 9/1/21, MBS (k)		Aaa/AAA		774,070
	468	7.00%, 5/15/23, CMO (k)		Aaa/AAA		470,775
	1,229	7.00%, 1/15/24, CMO (k)		Aaa/AAA		1,391,387
	66	7.00%, 3/15/24, CMO (k)		Aaa/AAA		74,163
	66	7.00%, 5/15/24, CMO (k)		Aaa/AAA		74,977
	8	7.00%, 7/1/24, MBS		Aaa/AAA		9,152
	720	7.00%, 9/15/25, CMO (k)		Aaa/AAA		836,633
	920	7.00%, 7/15/27, CMO (k)		Aaa/AAA		1,076,758
	4,311	7.00%, 3/15/29, CMO (k)		Aaa/AAA		5,199,721
	82	7.00%, 3/1/31, MBS (k)		Aaa/AAA		94,694
	1,601	7.00%, 6/15/31, CMO (k)		Aaa/AAA		1,826,260
	631	7.00%, 10/1/31, MBS (k)		Aaa/AAA		728,039

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)		Value*
			Freddie Mac (continued)
$	251		7.00%, 1/1/32, MBS (k)		Aaa/AAA	$	289,298
	22		7.00%, 3/1/32, MBS		Aaa/AAA		25,199
	45		7.00%, 4/1/32, MBS (k)		Aaa/AAA		52,427
	379		7.00%, 1/1/36, MBS (k)		Aaa/AAA		437,156
	2,449		7.00%, 6/1/36, MBS (k)		Aaa/AAA		2,790,305
	402		7.00%, 7/1/36, MBS (k)		Aaa/AAA		457,853
	4,042		7.00%, 8/1/36, MBS (k)		Aaa/AAA		4,604,503
	799		7.00%, 9/1/36, MBS (k)		Aaa/AAA		910,689
	1,172		7.00%, 11/1/36, MBS (k)		Aaa/AAA		1,334,350
	451		7.00%, 12/1/36, MBS (k)		Aaa/AAA		513,348
	2,205		7.00%, 1/1/37, MBS (k)		Aaa/AAA		2,511,985
	864		7.00%, 2/25/43, CMO (k)		Aaa/AAA		1,000,386
	367		7.00%, 9/25/43, CMO (k)		Aaa/AAA		433,788
	115		7.00%, 10/25/43, CMO (k)		Aaa/AAA		133,134
	235		7.157%, 7/25/32, CMO, VRN (k)		Aaa/AAA		273,269
	57		7.50%, 1/1/16, MBS (k)		Aaa/AAA		62,276
	1,325		7.50%, 5/15/24, CMO (k)		Aaa/AAA		1,617,246
	229		7.50%, 8/1/24, MBS (k)		Aaa/AAA		267,692
	2		7.50%, 6/1/25, MBS		Aaa/AAA		2,482
	20		7.50%, 12/1/25, MBS		Aaa/AAA		23,071
	4		7.50%, 1/1/26, MBS		Aaa/AAA		5,597
	15		7.50%, 2/1/26, MBS		Aaa/AAA		16,898
	22		7.50%, 3/1/26, MBS		Aaa/AAA		24,993
	29		7.50%, 4/1/26, MBS (k)		Aaa/AAA		33,662
	25		7.50%, 5/1/26, MBS		Aaa/AAA		28,893
	219		7.50%, 6/1/26, MBS (k)		Aaa/AAA		254,159
	177		7.50%, 7/1/26, MBS (k)		Aaa/AAA		205,673
	49		7.50%, 8/1/26, MBS		Aaa/AAA		56,419
	14		7.50%, 11/1/26, MBS		Aaa/AAA		15,926
	472		7.50%, 12/1/26, MBS (k)		Aaa/AAA		548,321
	176		7.50%, 3/15/28, CMO (k)		Aaa/AAA		208,236
	3,401		7.50%, 4/1/28, MBS (k)		Aaa/AAA		3,944,235
	—	(g)	7.50%, 2/1/30, MBS		Aaa/AAA		562
	1		7.50%, 4/1/30, MBS		Aaa/AAA		1,140
	—	(g)	7.50%, 6/1/30, MBS		Aaa/AAA		78
	4		7.50%, 10/1/30, MBS		Aaa/AAA		4,636
	23		7.50%, 11/1/30, MBS		Aaa/AAA		26,628
	950		7.50%, 12/1/30, MBS (k)		Aaa/AAA		1,101,504
	672		7.50%, 5/1/32, MBS (k)		Aaa/AAA		778,723
	28		7.50%, 7/1/33, MBS (k)		Aaa/AAA		31,974
	85		7.50%, 7/1/34, MBS (k)		Aaa/AAA		97,123
	521		7.50%, 3/1/37, MBS (k)		Aaa/AAA		594,224
	70		7.50%, 2/25/42, CMO (k)		Aaa/AAA		82,562
	72		8.00%, 8/15/22, CMO (k)		Aaa/AAA		84,399
	40		8.00%, 7/1/24, MBS		Aaa/AAA		47,085
	56		8.00%, 8/1/24, MBS (k)		Aaa/AAA		66,634
	650		8.00%, 12/1/26, MBS (k)		Aaa/AAA		767,574
	162		8.00%, 4/15/30, CMO (k)		Aaa/AAA		189,684
	153		8.50%, 4/15/22, CMO (k)		Aaa/AAA		160,393
	412		8.50%, 10/1/30, MBS (k)		Aaa/AAA		479,144

							112,289,438

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
		Ginnie Mae—8.7%
$	197	5.50%, 6/20/35, FRN, MBS (k)		Aaa/AAA	$	207,813
	29	6.00%, 4/15/29, MBS (k)		Aaa/AAA		32,191
	3	6.00%, 8/15/31, MBS		Aaa/AAA		3,109
	57	6.00%, 2/15/36, MBS (k)		Aaa/AAA		63,184
	22	6.00%, 6/15/36, MBS		Aaa/AAA		24,389
	10	6.00%, 7/15/36, MBS		Aaa/AAA		11,609
	39	6.00%, 9/15/36, MBS (k)		Aaa/AAA		43,161
	74	6.00%, 10/15/36, MBS (k)		Aaa/AAA		82,458
	65	6.00%, 12/15/36, MBS (k)		Aaa/AAA		71,924
	17	6.00%, 6/15/37, MBS		Aaa/AAA		18,585
	1,600	6.00%, 7/15/37, MBS (k)		Aaa/AAA		1,775,835
	47	6.00%, 11/15/37, MBS (k)		Aaa/AAA		52,888
	60	6.00%, 12/15/37, MBS (k)		Aaa/AAA		66,700
	125	6.00%, 3/15/38, MBS (k)		Aaa/AAA		138,705
	585	6.00%, 9/15/38, MBS (k)		Aaa/AAA		653,942
	1,154	6.00%, 10/15/38, MBS (k)		Aaa/AAA		1,279,187
	3,923	6.00%, 11/15/38, MBS (k)		Aaa/AAA		4,373,687
	31	6.00%, 12/15/38, MBS (k)		Aaa/AAA		34,558
	14,000	6.00%, MBS, TBA (e)		Aaa/AAA		15,472,184
	98	6.50%, 11/20/24, MBS (k)		Aaa/AAA		110,555
	797	6.50%, 4/15/32, MBS (k)		Aaa/AAA		903,804
	1,070	6.50%, 5/15/32, MBS (k)		Aaa/AAA		1,213,379
	58	6.50%, 6/20/32, CMO (k)		Aaa/AAA		66,724
	349	6.50%, 8/20/38, MBS (k)		Aaa/AAA		375,914
	126	6.50%, 10/20/38, MBS (k)		Aaa/AAA		135,170
	3	7.00%, 4/15/24, MBS		Aaa/AAA		3,489
	23	7.00%, 7/15/25, MBS (k)		Aaa/AAA		26,866
	29	7.00%, 9/15/25, MBS		Aaa/AAA		33,929
	16	7.00%, 11/15/25, MBS		Aaa/AAA		18,711
	8	7.00%, 12/15/25, MBS		Aaa/AAA		9,148
	22	7.00%, 3/15/26, MBS		Aaa/AAA		25,702
	7	7.00%, 4/15/26, MBS		Aaa/AAA		8,242
	2	7.00%, 5/15/26, MBS		Aaa/AAA		2,300
	45	7.00%, 6/15/26, MBS (k)		Aaa/AAA		51,017
	3,412	7.00%, 3/20/31, CMO (k)		Aaa/AAA		3,870,801
	5	7.50%, 1/15/17, MBS		Aaa/AAA		5,676
	2	7.50%, 2/15/17, MBS		Aaa/AAA		2,518
	4	7.50%, 3/15/17, MBS		Aaa/AAA		3,784
	2	7.50%, 4/15/17, MBS		Aaa/AAA		2,730
	4	7.50%, 5/15/17, MBS		Aaa/AAA		5,333
	2	7.50%, 7/15/17, MBS		Aaa/AAA		2,317
	1	7.50%, 6/15/23, MBS		Aaa/AAA		901
	10	7.50%, 10/15/25, MBS		Aaa/AAA		12,148
	112	7.50%, 3/15/26, MBS (k)		Aaa/AAA		130,232
	134	7.50%, 6/20/26, CMO (k)		Aaa/AAA		153,261
	239	7.50%, 9/15/26, MBS (k)		Aaa/AAA		278,475
	9	7.50%, 12/15/26, MBS		Aaa/AAA		10,394
	2	7.50%, 1/15/27, MBS		Aaa/AAA		2,671
	4	7.50%, 2/15/27, MBS		Aaa/AAA		4,681
	56	7.50%, 3/15/27, MBS (k)		Aaa/AAA		64,969
	286	7.50%, 4/15/27, MBS (k)		Aaa/AAA		332,814
	6	7.50%, 5/15/27, MBS		Aaa/AAA		6,795
	109	7.50%, 6/15/27, MBS (k)		Aaa/AAA		127,121
	157	7.50%, 7/15/27, MBS (k)		Aaa/AAA		183,001
	47	7.50%, 8/15/27, MBS (k)		Aaa/AAA		55,289
	55	7.50%, 12/15/27, MBS (k)		Aaa/AAA		63,568

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)				Credit Rating (Moody’s/S&P)		Value*
			Ginnie Mae (continued)
$	341		7.50%, 1/15/28, MBS (k)		Aaa/AAA	$	397,037
	85		7.50%, 2/15/28, MBS (k)		Aaa/AAA		99,745
	162		7.50%, 1/15/29, MBS (k)		Aaa/AAA		189,065
	186		7.50%, 2/15/29, MBS (k)		Aaa/AAA		216,864
	6		7.50%, 3/15/29, MBS		Aaa/AAA		6,586
	4		8.00%, 6/15/16, MBS		Aaa/AAA		3,848
	—	(g)	8.00%, 7/15/16, MBS		Aaa/AAA		164
	9		8.00%, 1/15/17, MBS		Aaa/AAA		9,168
	—	(g)	8.00%, 2/15/17, MBS		Aaa/AAA		156
	6		8.00%, 3/15/17, MBS		Aaa/AAA		7,282
	15		8.00%, 4/15/17, MBS		Aaa/AAA		16,513
	8		8.00%, 5/15/17, MBS		Aaa/AAA		9,505
	1		8.00%, 6/15/17, MBS		Aaa/AAA		788
	9		8.00%, 7/15/17, MBS		Aaa/AAA		9,413
	—	(g)	8.00%, 1/15/20, MBS		Aaa/AAA		541
	—	(g)	8.00%, 5/15/21, MBS		Aaa/AAA		39
	6		8.00%, 11/15/21, MBS		Aaa/AAA		6,435
	4		8.00%, 12/15/21, MBS		Aaa/AAA		5,170
	8		8.00%, 4/15/22, MBS		Aaa/AAA		9,249
	—	(g)	8.00%, 5/15/22, MBS		Aaa/AAA		267
	6		8.00%, 11/15/22, MBS		Aaa/AAA		6,424
	321		8.00%, 3/20/30, CMO (k)		Aaa/AAA		385,096
	—	(g)	8.50%, 10/15/16, MBS		Aaa/AAA		199
	—	(g)	8.50%, 5/15/22, MBS		Aaa/AAA		225
	1		8.50%, 1/15/23, MBS		Aaa/AAA		1,040
	2		8.50%, 8/15/30, MBS		Aaa/AAA		2,251
	12		8.50%, 2/15/31, MBS		Aaa/AAA		13,995
	13		9.00%, 6/15/16, MBS		Aaa/AAA		13,295
	34		9.00%, 11/15/16, MBS (k)		Aaa/AAA		37,954
	33		9.00%, 12/15/16, MBS (k)		Aaa/AAA		37,218
	20		9.00%, 9/15/17, MBS		Aaa/AAA		20,885
	42		9.00%, 12/15/17, MBS (k)		Aaa/AAA		47,796
	56		9.00%, 3/15/18, MBS (k)		Aaa/AAA		65,921
	43		9.00%, 5/15/18, MBS (k)		Aaa/AAA		49,660
	20		9.00%, 6/15/18, MBS		Aaa/AAA		19,815
	204		9.00%, 10/15/19, MBS (k)		Aaa/AAA		236,139
	148		9.00%, 11/15/19, MBS (k)		Aaa/AAA		168,620
	79		9.00%, 1/15/20, MBS (k)		Aaa/AAA		93,139

							34,898,045

			Small Business Administration Participation Certificates—4.7%
	550		4.625%, 2/1/25, ABS		Aaa/AAA		582,081
	456		4.754%, 8/10/14, ABS		Aaa/AAA		482,852
	331		5.038%, 3/10/15, ABS		Aaa/AAA		354,998
	1,438		5.51%, 11/1/27, ABS		Aaa/AAA		1,563,760
	13,745		5.60%, 9/1/28, ABS		Aaa/AAA		14,858,808
	134		5.78%, 8/1/27, ABS		Aaa/AAA		146,883
	134		5.82%, 7/1/27, ABS		Aaa/AAA		148,593
	91		6.30%, 7/1/13		Aaa/AAA		92,970
	271		6.30%, 6/1/18		Aaa/AAA		295,811
	90		6.40%, 8/1/13		Aaa/AAA		92,830
	39		7.20%, 6/1/17		Aaa/AAA		42,538
	26		7.70%, 7/1/16		Aaa/AAA		28,183

							18,690,307

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
		Vendee Mortgage Trust—1.6%
$	443	6.50%, 3/15/29, CMO (k)	Aaa/AAA	$	499,246
	86	6.75%, 2/15/26, CMO (k)	Aaa/AAA		98,004
	198	6.75%, 6/15/26, CMO (k)	Aaa/AAA		225,356
	5,344	7.50%, 9/15/30, CMO (k)	Aaa/AAA		5,686,273

					6,508,879

		Total U.S. Government Agency Securities (cost—$666,833,669)			688,088,840

	CORPORATE BONDS & NOTES—64.4%
	Airlines—3.1%
	3,000	American Airlines, Inc., 10.50%, 10/15/12	B2/B		3,232,500
	859	Northwest Airlines, Inc., 1.063%, 11/20/15, FRN (MBIA)(k)	Baa2/A-		811,387
		United Air Lines Pass Through Trust,
	2,545	6.636%, 1/2/24	Baa2/BB+		2,569,981
	923	9.75%, 1/15/17 (k)	Baa2/BBB+		1,049,744
	4,249	10.40%, 5/1/18 (k)	Baa2/BBB+		4,865,539

					12,529,151

	Banking—12.2%
£	1,300	Barclays Bank PLC, 14.00%, 6/15/19 (h)	Baa2/A-		2,850,034
		BPCE S.A. (h),
€	270	4.625%, 7/30/15	Baa3/BBB+		351,921
€	315	5.25%, 7/30/14	Baa3/BBB+		430,404
€	50	9.00%, 3/17/15	Baa3/BBB+		78,131
€	300	9.25%, 4/22/15	Baa3/BBB+		467,673
		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA,
€	2,000	6.875%, 3/19/20	NR/NR		3,031,429
$	5,900	11.00%, 6/30/19 (a)(d)(h)(k)	A2/AA-		7,722,380
	7,700	Discover Bank, 7.00%, 4/15/20	Ba1/BBB-		8,679,417
	£800	DnB NOR Bank ASA, 6.012%, 3/29/17 (h)	Baa3/BBB+		1,346,302
$	5,000	ICICI Bank Ltd., 5.75%, 11/16/20 (a)(d)	Baa2/BBB-		5,040,740
	13,000	Regions Financial Corp., 7.75%, 11/10/14 (k)	Ba3/BB+		14,213,472
		Royal Bank of Scotland PLC, FRN,
	2,000	0.990%, 4/11/16	Baa3/BBB+		1,806,170
	3,000	1.048%, 9/29/15	Baa3/BBB+		2,710,023

					48,728,096

	Chemicals—1.2%
	4,500	Lyondell Chemical Co., 8.00%, 11/1/17 (a)(d)	Ba2/BB+		5,028,750

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

	Financial Services—29.0%
		Ally Financial, Inc.,
	3,000	6.75%, 12/1/14	B1/B		3,198,378
	6,100	8.30%, 2/12/15	B1/B		6,877,750
	1,800	C10 Capital SPV Ltd., 6.722%, 12/31/16 (h)	NR/B-		1,430,114
	3,000	Cantor Fitzgerald L.P., 6.375%, 6/26/15 (a)(d)(k)	Baa3/BBB		3,129,255
		CIT Group, Inc.,
	3,900	5.25%, 4/1/14 (a)(d)	B3/B+		3,997,024
	1,225	7.00%, 5/1/13	B3/B+		1,249,597
	502	7.00%, 5/1/14	B3/B+		512,832
	502	7.00%, 5/1/15	B3/B+		510,321
	837	7.00%, 5/1/16	B3/B+		845,306
	1,172	7.00%, 5/1/17	B3/B+		1,184,164

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
		Citigroup, Inc. (k),
$	9,000	5.00%, 9/15/14		Baa1/A-	$	9,537,462
	10,000	5.625%, 8/27/12		Baa1/A-		10,510,390
		Credit Agricole S.A. (h),
£	250	5.136%, 2/24/16		A3/A-		366,433
$	2,500	6.637%, 5/31/17 (a)(d)(k)		A3/A-		2,324,500
£	800	8.125%, 10/26/19		A3/A-		1,376,368
		Ford Motor Credit Co. LLC,
$	1,000	6.625%, 8/15/17		Ba2/BB-		1,103,148
	10,000	8.70%, 10/1/14 (k)		Ba2/BB-		11,460,230
		General Electric Capital Corp.,
	5,000	4.375%, 9/16/20 (k)		Aa2/AA+		4,944,740
£	3,000	6.50%, 9/15/67, (converts to FRN on 9/15/17)		Aa3/A+		4,935,884
$	4,000	HSBC Finance Corp., 6.676%, 1/15/21 (a)(d)(k)		Baa1/BBB+		4,256,064
		International Lease Finance Corp.(a)(d),
	2,000	6.75%, 9/1/16		Ba3/BBB-		2,140,000
	7,000	7.125%, 9/1/18 (k)		Ba3/BBB-		7,560,000
£	300	LBG Capital No.2 PLC, 15.00%, 12/21/19		Ba2/BB+		691,525
$	4,000	Merrill Lynch & Co., Inc., 0.738%, 1/15/15, FRN (k)		A2/A		3,889,196
		Morgan Stanley,
	8,000	0.726%, 10/18/16, FRN (k)		A2/A		7,598,936
AUD	2,700	5.33%, 3/1/13, FRN		A2/A		2,905,408
$	1,000	6.625%, 4/1/18 (k)		A2/A		1,118,575
		SLM Corp.,
	150	0.574%, 1/27/14, FRN		Ba1/BBB-		146,253
€	1,500	3.125%, 9/17/12		Ba1/BBB-		2,192,530
$	570	3.682%, 2/1/14, FRN		Ba1/BBB-		578,009
	1,050	5.00%, 10/1/13		Ba1/BBB-		1,095,229
	500	5.125%, 8/27/12		Ba1/BBB-		518,042
	200	5.375%, 1/15/13		Ba1/BBB-		209,837
	1,000	5.375%, 5/15/14		Ba1/BBB-		1,044,730
	1,000	8.00%, 3/25/20		Ba1/BBB-		1,109,762
	2,500	8.45%, 6/15/18		Ba1/BBB-		2,841,362
	1,800	UBS AG, 5.875%, 12/20/17 (k)		Aa3/A+		2,013,224
	4,750	Waha Aerospace BV, 3.925%, 7/28/20 (a)(d)(k)		Aa2/AA		4,792,750

						116,195,328

Healthcare & Hospitals—0.4%
	1,500	HCA, Inc., 9.00%, 12/15/14		Caa1/B-		1,621,875

Hotels/Gaming—0.0%
	100	MGM Resorts International, 9.00%, 3/15/20		Ba3/B		112,000

Insurance—7.2%
		American International Group, Inc.,
	6,300	5.85%, 1/16/18 (k)		Baa1/A-		6,679,115
	3,000	6.25%, 5/1/36 (k)		Baa1/A-		3,098,823
	3,900	6.40%, 12/15/20 (k)		Baa1/A-		4,277,212
	9,700	8.25%, 8/15/18 (k)		Baa1/A-		11,552,060
£	1,750	8.625%, 5/22/68, (converts to FRN on 5/22/18)		Baa2/BBB		3,069,267

						28,676,477

Oil & Gas—7.7%
		Anadarko Petroleum Corp.,
$	600	6.20%, 3/15/40		Ba1/BBB-		601,149
	3,600	6.375%, 9/15/17 (k)		Ba1/BBB-		4,073,605
	4,500	6.45%, 9/15/36 (k)		Ba1/BBB-		4,657,113
	7,000	BP Capital Markets PLC, 4.75%, 3/10/19 (k)		A2/A		7,345,961

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
		Gaz Capital S.A. for Gazprom,
€	1,000	5.875%, 6/1/15 (a)(d)	Baa1/BBB	$	1,586,756
$	3,000	8.625%, 4/28/34	Baa1/BBB		3,690,000
	2,000	Morgan Stanley Bank AG for OAO Gazprom, 9.625%, 3/1/13	Baa1/BBB		2,274,400
	1,250	Ras Laffan Liquefied Natural Gas Co., Ltd. III, 6.332%, 9/30/27 (b)	Aa3/A		1,315,870
	5,000	Shell International Finance BV, 5.50%, 3/25/40 (k)	Aa1/AA		5,206,615

					30,751,469

	Real Estate Investment Trust—2.6%
	2,000	Kilroy Realty L.P., 5.00%, 11/3/15 (k)	Baa3/BBB-		2,081,992
	4,500	Reckson Operating Partnership L.P., 7.75%, 3/15/20	Ba1/BBB-		5,146,992
	3,000	Wells Operating Partnership II L.P., 5.875%, 4/1/18 (a)(d)(k)	Baa3/BBB-		3,021,795

					10,250,779

	Retail—0.3%
	973	CVS Pass Through Trust, 7.507%, 1/10/32 (a)(d)(k)	Baa2/BBB+		1,142,646

	Utilities—0.5%
	2,000	Energy Future Holdings Corp., 10.00%, 1/15/20	Caa3/B-		2,151,192

		Total Corporate Bonds & Notes (cost—$220,685,950)			257,887,763

	MORTGAGE-BACKED SECURITIES—44.3%
		Adjustable Rate Mortgage Trust, CMO, VRN,
	1,831	2.741%, 7/25/35	Caa1/AA-		1,517,376
	4,708	4.920%, 8/25/35	Caa1/BB-		4,277,189
	2,833	Banc of America Large Loan, Inc., 5.686%, 4/24/49, CMO, VRN (a)(d)	NR/NR		2,902,897
	79	Banc of America Mortgage Securities, Inc., 2.888%, 2/25/35, CMO, FRN	B2/NR		70,031
	574	BCAP LLC Trust, 5.059%, 3/26/36, CMO, FRN (a)(d)	NR/NR		532,984
	5,000	Bear Stearns Adjustable Rate Mortgage Trust,
		2.851%, 10/25/35, CMO, FRN	NR/BB		4,381,945
	920	Bear Stearns Alt-A Trust, 5.969%, 8/25/36, CMO, VRN	Caa3/CCC		622,102
	27	Citigroup Mortgage Loan Trust, Inc., 7.00%, 9/25/33, CMO	Aa2/NR		27,671
		Countrywide Alternative Loan Trust, CMO,
	1,736	6.25%, 8/25/37	Caa3/D		1,152,251
	2,453	6.50%, 7/25/35	Ca/CCC		1,533,775
		Countrywide Home Loan Mortgage Pass Through Trust, CMO,
	1,444	3.951%, 8/25/34, FRN	Caa1/AA		988,117
	4,357	6.00%, 5/25/37	Caa2/NR		3,602,834
	4,664	7.50%, 11/25/34 (a)(d)	Baa1/NR		4,764,061
	656	7.50%, 6/25/35 (a)(d)	B1/BBB		687,447
		Credit Suisse First Boston Mortgage Securities Corp., CMO,
	533	1.363%, 3/25/34, FRN	Aa2/AA+		446,246
	1,217	7.00%, 2/25/34	Aa2/AAA		1,281,028
		Credit Suisse Mortgage Capital Certificates,CMO,
	5,095	0.389%, 10/15/21, FRN (a)(d)	Aa2/AAA		4,929,871
	2,306	5.695%, 9/15/40, VRN	NR/A-		2,455,322
€	2,774	DECO Series, 1.516%, 10/27/20, CMO, FRN	Aaa/A		3,622,460
$	6,770	Deutsche Mortgage Securities, Inc., 5.00%, 6/26/35, CMO, VRN (a)(d)	A3/AAA		4,923,394
€	29	EMF-NL, 2.232%, 10/17/39, CMO, FRN	NR/AAA		41,631
$	615	GMAC Mortgage Corp. Loan Trust, 5.171%, 8/19/34, CMO, FRN	Ba2/AAA		485,057
	3,207	GSAA Trust, 6.00%, 4/1/34, CMO	A2/AAA		3,318,080
		GSMPS Mortgage Loan Trust, CMO (a)(d),
	4,453	7.00%, 6/25/43	NR/NR		4,532,709
	112	7.50%, 6/19/27, VRN	NR/NR		110,876
	1,671	8.00%, 9/19/27, VRN	NR/NR		1,710,830

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
		GSR Mortgage Loan Trust, CMO,
	$1,143	0.543%, 12/25/34, FRN	Baa3/AAA	$	996,408
	597	0.553%, 12/25/34, FRN	Ba2/NR		499,518
	6,306	5.176%, 11/25/35, VRN	NR/BB+		6,141,152
	5,000	5.50%, 11/25/35	NR/CCC		4,585,570
	1,601	6.50%, 1/25/34	NR/AAA		1,688,521
		Harborview Mortgage Loan Trust, CMO,
	3,291	0.584%, 10/19/33, FRN	Aa3/AAA		3,022,293
	3,474	5.598%, 6/19/36, VRN	Ca/D		2,152,648
	1,768	JPMorgan Mortgage Trust, 5.50%, 6/25/37, CMO	NR/CC		1,552,847
	714	JPMorgan Alternative Loan Trust, 5.95%, 9/25/36, CMO, VRN	Caa1/B-		717,820
		JPMorgan Chase Commercial Mortgage Securities Corp., CMO (a)(d),
	5,000	0.669%, 7/15/19, FRN	Baa1/NR		4,545,492
	4,000	5.717%, 3/18/51, VRN	A1/NR		4,160,806
	6,279	JPMorgan Mortgage Trust, 2.929%, 10/25/36, CMO, VRN	Caa1/NR		5,057,091
	4,286	Luminent Mortgage Trust, 0.383%, 12/25/36, CMO, FRN	Caa2/B+		2,659,203
	1,954	MASTR Adjustable Rate Mortgage Trust, 3.124%, 10/25/34, CMO, VRN	NR/A		1,522,305
		MASTR Alternative Loans Trust, CMO,
	1,138	6.25%, 7/25/36	Caa3/CCC		877,921
	1,385	6.50%, 3/25/34	Aa2/AAA		1,459,076
	114	7.00%, 4/25/34	Aa2/AAA		109,515
		MASTR Reperforming Loan Trust, CMO (a)(d),
	3,112	7.00%, 5/25/35	Ba3/BBB-		3,142,354
	4,482	7.50%, 7/25/35	Ba3/AAA		4,150,076
	180	Merrill Lynch Mortgage Investors, Inc., 5.25%, 8/25/36, CMO, VRN	A3/AAA		183,272
	3	Morgan Stanley Dean Witter Capital I, 5.50%, 4/25/17, CMO	NR/BB		3,212
		Newgate Fund PLC, CMO, FRN,
	£4,200	1.806%, 12/15/50	Aa2/AA		5,620,627
	£1,200	2.056%, 12/15/50	A3/A-		1,279,120
	€800	2.423%, 12/15/50	A3/A-		761,163
	€1,300	2.673%, 12/15/50	Ba1/BB+		1,071,839
		Nomura Asset Acceptance Corp., CMO (a)(d),
	$2,437	7.00%, 10/25/34	A1/AAA		2,505,454
	3,630	7.50%, 3/25/34	Aa3/AAA		3,709,388
	7,312	7.50%, 10/25/34	A1/AAA		7,752,640
		Residential Accredit Loans, Inc., CMO,
	3,606	0.393%, 6/25/46, FRN	Caa2/CCC		1,453,548
	4,461	6.00%, 8/25/35	NR/CCC		3,756,615
		Residential Asset Mortgage Products, Inc., CMO,
	69	6.50%, 11/25/31	NR/A+		68,726
	601	7.00%, 8/25/16	NR/B+		607,109
	1,113	8.50%, 10/25/31	Aa2/BB		1,200,275
	1,685	8.50%, 11/25/31	NR/CCC		1,801,165
	2,067	Sequoia Mortgage Trust, 0.413%, 7/20/36, CMO, FRN	B1/BBB+		1,695,471
	604	Structured Adjustable Rate Mortgage Loan Trust,
		2.620%, 3/25/34, CMO, VRN	Baa3/AAA		595,554
	6,140	Structured Asset Mortgage Investments, Inc.,
		1.806%, 8/25/47, CMO, FRN	Caa2/CCC		3,610,252
	5,665	Structured Asset Securities Corp., 7.50%, 10/25/36, CMO (a)(d)	B3/CCC		5,387,473
	4,510	Thornburg Mortgage Securities Trust, 0.323%, 3/25/37, CMO, FRN	B3/B		4,359,899
		UBS Commercial Mortgage Trust, FRN, CMO, (a)(b)(d)(m)
	1,500	0.794%, 7/15/24 (acquisition cost-$1,027,500; purchased 4/15/11)	Ba3/B-		1,039,221
	1,300	0.794%, 7/15/24 (acquisition cost-$794,625; purchased 4/15/11)	B1/CCC+		797,217
	2,800	0.794%, 7/15/24 (acquisition cost-$2,114,000; purchased 4/15/11)	Ba1/B		2,126,525

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)		Value*
$	5,000	Wachovia Bank Commercial Mortgage Trust,
		0.339%, 9/15/21, CMO, FRN (a)(d)		Baa2/A+	$	4,770,638
		WaMu Mortgage Pass Through Certificates, CMO, VRN,
	575	2.667%, 5/25/35		NR/BB+		473,383
	3,933	4.547%, 12/25/36		NR/CCC		3,146,850
		Washington Mutual MSC Mortgage Pass Through Certificates, CMO,
	1,945	6.50%, 8/25/34		NR/AAA		2,007,594
	677	7.00%, 3/25/34		NR/AAA		706,479
	1,642	7.50%, 4/25/33		NR/AAA		1,706,659
		Wells Fargo Mortgage-Backed Securities Trust, CMO,
	2,691	2.772%, 4/25/36, VRN		NR/BB+		2,304,168
	1,353	2.808%, 6/25/35, FRN		NR/AA		1,295,666
	533	2.827%, 6/25/35, VRN		Baa1/AA+		528,710
	195	2.901%, 4/25/36, VRN		NR/CCC		171,139
	2,321	2.905%, 5/25/35, VRN		Baa2/AAA		2,292,785
	2,800	5.705%, 10/25/36, VRN		Caa1/NR		2,379,905

		Total Mortgage-Backed Securities (cost—$171,066,531)				177,128,541

	SENIOR LOANS (a)(c)—6.6%
	Financial Services—4.8%
	11,000	American General Finance Corp., 7.25%, 4/21/15				11,035,904
		CIT Group, Inc.,
	1,829	6.25%, 8/11/15, Term 3				1,859,067
		International Lease Finance Corp.,
	1,700	6.75%, 3/17/15, Term B1				1,712,901
	1,300	7.00%, 3/17/16, Term B2				1,309,750
	3,266	iStar Financial, Inc., 5.00%, 6/28/13, Term A1 (b)(m)
		(acquisition cost-$2,955,339; purchased 3/11/11)				3,246,173

						19,163,795

	Healthcare & Hospitals—0.5%
	2,000	HCA, Inc., 1.557%, 11/17/12, Term A				1,998,226

	Oil & Gas—1.0%
	3,895	Petroleum Export, 3.309%, 12/7/12, Term B				3,885,263

	Utilities—0.4%
	1,913	Texas Competitive Electric Holdings Co. LLC, 5.00%, 10/10/17				1,536,293

		Total Senior Loans (cost—$26,370,714)				26,583,577

	ASSET-BACKED SECURITIES—4.0%
	736	Access Financial Manufactured Housing Contract Trust, 7.65%, 5/15/21		Caa2/NR		616,974
		Advanta Business Card Master Trust, FRN,
	773	0.463%, 6/20/14		Ca/CCC-		630,616
	773	0.463%, 12/22/14		Ca/CCC-		630,630
		Ameriquest Mortgage Securities, Inc., FRN,
	1,701	3.738%, 11/25/32		C/D		124,989
	554	5.838%, 2/25/33		C/D		38,704
	1,693	Bear Stearns Asset-Backed Securities Trust, 0.713%, 9/25/34, FRN		NR/A		1,332,972
		Conseco Finance Securitizations Corp.,
	654	7.96%, 2/1/32		Ca/CCC-		582,209
	330	7.97%, 5/1/32		Ca/CCC-		248,490
		Conseco Financial Corp.,
	272	6.53%, 2/1/31, VRN		NR/CCC-		261,169
	461	7.05%, 1/15/27		B3/B		419,967
	1,128	Credit-Based Asset Servicing and Securitization LLC, 6.02%, 12/25/37 (a)(d)		Ba2/AAA		977,160
	CAD 636	Ford Auto Securitization Trust, 4.817%, 10/15/12 (a)(d)		NR/AAA		686,717

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
$	5,000	Green Tree, 8.97%, 4/25/38, VRN (a)(d)	NR/NR	$	5,580,886
	1,000	Greenpoint Manufactured Housing, 8.30%, 10/15/26, VRN	Ca/NR		1,071,172
	2,140	Merrill Lynch Mortgage Investors, Inc., 0.713%, 6/25/36, FRN	Caa1/BB-		1,305,160
	1,664	Morgan Stanley ABS Capital I, 0.393%, 1/25/36, FRN	B3/B-		1,527,599
	44	Oakwood Mortgage Investors, Inc., 0.449%, 5/15/13, FRN	Caa1/B-		33,918
	33	Residential Asset Mortgage Products, Inc., 8.50%, 12/25/31	NR/CCC		33,882

		Total Asset-Backed Securities (cost—$16,369,078)			16,103,214


Shares
	CONVERTIBLE PREFERRED STOCK—0.4%
	Utilities—0.4%
	27,200	PPL Corp., 9.50%, 7/1/13 (cost—$1,360,000)	NR/NR		1,541,696


Principal Amount (000s)
	MUNICIPAL BONDS—0.3%
	West Virginia—0.3%
		Tobacco Settlement Finance Auth. Rev.,
$	1,895	7.467%, 6/1/47, Ser. A (cost—$1,783,076)	Baa3/BB+		1,324,321


Shares
	COMMON STOCK—0.0%
	Oil, Gas & Consumable Fuels—0.0%
	3,881	SemGroup Corp., Class A (j) (cost—$100,913)			108,869


Units
	WARRANTS—0.0%
	Oil, Gas & Consumable Fuels—0.0%
	4,086	SemGroup Corp., expires 11/30/14 (j) (cost—$18,385)			33,706


Principal Amount (000s)
	SHORT-TERM INVESTMENTS—9.1%
	Corporate Notes—5.9%
	Financial Services—5.6%
$	4,700	Ford Motor Credit Co. LLC, 7.25%, 10/25/11 (k)	Ba2/BB-		4,822,247
	9,763	International Lease Finance Corp., 5.75%, 6/15/11 (k)	B1/BB+		9,808,642
€	1,000	SLM Corp., 1.343%, 11/15/11, FRN	Ba1/BBB-		1,458,635
		Springleaf Finance Corp.,
$	3,100	0.560%, 12/15/11, FRN	B3/B		3,058,228
€	2,200	4.625%, 6/22/11	B3/NR		3,258,908

					22,406,660

	Insurance—0.3%
$	1,000	American International Group, Inc., 0.386%, 10/18/11, FRN (k)	Baa1/A-		995,915

		Total Corporate Notes (cost—$22,245,896)			23,402,575

	U.S. Treasury Obligations (i)(l)—1.1%
		U.S. Treasury Bills,
	4,317	0.098%-0.168%, 6/23/11-9/15/11 (cost—$4,315,380)			4,315,380

PIMCO Strategic Global Government Fund, Inc. Schedule of Investments

April 30, 2011 (unaudited)


Principal Amount (000s)			Credit Rating (Moody’s/S&P)	Value*
	Sovereign Debt Obligations—0.5%
	Tunisia—0.5%
$	2,000	Banque Centrale de Tunisie S.A., 7.375%, 4/25/12 (cost—$2,015,460)	Baa3/BBB-	$	2,097,500

	U.S. Government Agency Securities—0.0%
		Freddie Mac, MBS,
	41	7.00%, 9/1/11 (k)	Aaa/AAA		41,524
	1	7.00%, 3/1/12	Aaa/AAA		441

					41,965

	87	Small Business Administration Participation Certificates,
		6.344%, 8/1/11	Aaa/AAA		88,668

		Total U.S. Government Agency Securities (cost—$128,807)			130,633

	Repurchase Agreements—1.6%
	5,900	Barclays Capital, Inc., dated 4/29/11, 0.05%, due 5/2/11, proceeds $5,900,025; collateralized by Ginnie Mae, 4.5%, due 9/20/40, valued at $6,055,008 including accrued interest			5,900,000
	450	State Street Bank & Trust Co., dated 4/29/11, 0.01%, due 5/2/11, proceeds $450,000; collateralized by U.S. Treasury Bills, 0.025%, due 7/21/11, valued at $459,973			450,000

		Total Repurchase Agreements (cost—$6,350,000)			6,350,000

		Total Short-Term Investments (cost—$35,055,543)			36,296,088


Notional Amount
	OPTIONS PURCHASED (j)—0.0%
		Put Options—0.0%
		Fannie Mae (OTC),
$	50,000,000	strike price $84, expires 7/7/11			—
$	10,000,000	strike price $84.06, expires 7/7/11			—
$	16,000,000	strike price $85, expires 5/5/11			—
$	153,000,000	strike price $89.50, expires 5/5/11			2
$	70,000,000	strike price $96.50, expires 5/5/11			1
$	14,000,000	strike price $97.50, expires 7/7/11			—
		Ginnie Mae (OTC),
$	7,000,000	strike price $85, expires 5/11/11			—

		Total Options Purchased (cost—$36,953)			3

		Total Investments, before securities sold short (cost—$1,139,680,812)—301.1%			1,205,096,618


Principal Amount (000s)
	SECURITIES SOLD SHORT—(3.8)%
	U.S. Government Agency Securities—(3.8)%
$	14,000	Ginnie Mae, 6.00%, MBS, TBA (e) (proceeds received—-$15,384,687)	Aaa/AAA		(15,472,184	)

		Total Investments, net of securities sold short (cost—$1,124,296,125) (n)—297.3%			1,189,624,434
		Other liabilities in excess of other assets—(197.3)%			(789,420,472	)

		Net Assets—100%		$	400,203,962

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 $154,753,353 representing 38.7% 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, 2011.

(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, 2011.

(f)	Fair-Valued—Securities with an aggregate value of $3,134,872, representing 0.8% of net assets.

(g)	Principal amount less than $500.

(h)	Perpetual maturity. Maturity date shown is the first call date. For 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 reflect the effective yields at purchase date.

(m)	Restricted. The aggregate acquisition cost of such securities is $6,891,464 and the aggregate market value is $7,209,136, representing 1.8% of net assets.

(n)	At April 30, 2011, the cost basis of portfolio securities for federal income tax purposes was $1,139,682,071. Gross unrealized appreciation was $74,681,311, gross unrealized depreciation was $9,266,764 and net unrealized appreciation was $65,414,547.

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 April 30, 2011.

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 April 30, 2011.

Other Investments:

(A) Credit default swap agreements:

Buy protection swap agreements outstanding at April 30, 2011 ⁽¹⁾:


Swap Counterparty/ Referenced Debt Issuer	Notional Amount (000s) ⁽⁴⁾		Credit Spread ⁽³⁾			Termination Date		Payments Made			Market Value ⁽⁵⁾			Upfront Premiums Received			Unrealized Depreciation
Bank of America:
American International Group	$	6,300		1.81	%		3/20/18		(5.00	)%	$	(1,242,963	)	$	(620,529	)	$	(622,434	)

Sell protection swap agreements outstanding at April 30, 2011 ⁽²⁾:


Swap Counterparty/ Referenced Debt Issuer	Notional Amount (000s) ⁽⁴⁾		Credit Spread ⁽³⁾			Termination Date		Payments Received			Market Value ⁽⁵⁾			Upfront Premiums Paid(Received)			Unrealized Appreciation
Bank of America:
MetLife	$	13,400		1.16	%		9/20/15		1.00	%	$	(74,927	)	$	(900,456	)	$	825,529
BNP Paribas:
General Electric		800		0.63	%		12/20/13		4.60	%		87,742			—			87,742
Citigroup:
American Express		500		0.33	%		12/20/13		4.30	%		54,917			—			54,917
SLM		6,000		1.38	%		12/20/13		5.00	%		598,898			518,648			80,250
SLM		1,300		1.38	%		12/20/13		5.00	%		129,761			(156,000	)		285,761
Deutsche Bank:
American International Group		3,000		0.59	%		3/20/13		2.10	%		93,100			—			93,100
General Electric		4,100		0.63	%		12/20/13		4.78	%		469,370			—			469,370
General Electric		8,000		0.63	%		12/20/13		4.82	%		925,726			—			925,726
ING Bank	€	5,000		0.94	%		6/20/11		1.40	%		16,990			—			16,990
SLM	$	2,600		1.38	%		12/20/13		5.00	%		259,523			(318,500	)		578,023
Merrill Lynch:
American Express		8,000		0.33	%		12/20/13		4.10	%		834,530			—			834,530
SLM		5,000		1.38	%		12/20/13		5.00	%		499,082			(612,500	)		1,111,582

											$	3,894,712		$	(1,468,808	)	$	5,363,520

€—Euro

⁽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⁾

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.

⁽⁵⁾

The quoted market prices and resulting values for credit default swap agreements serve as an indicator of the status at April 30, 2011 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 April 30, 2011:


Swap Counterparty					Rate Type					Market Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)
Swap Counterparty	Notional Amount (000s)		Termination Date		Payments Made			Payments Received		Market Value			Upfront Premiums Paid		Unrealized Appreciation (Depreciation)
Bank of America	$	100,000		6/15/21		3.50	%		3-Month USD-LIBOR	$	(680,133	)	$	4,605,000	$	(5,285,133	)
Morgan Stanley		9,500		6/15/21		3.50	%		3-Month USD-LIBOR		(64,612	)		339,625		(404,237	)
Royal Bank of Scotland		75,000		12/15/20		2.75	%		3-Month USD-LIBOR		2,832,783			264,000		2,568,783
Royal Bank of Scotland		92,200		6/15/21		3.50	%		3-Month USD-LIBOR		(627,083	)		2,298,320		(2,925,403	)

										$	1,460,955		$	7,506,945	$	(6,045,990	)

LIBOR—London Inter-Bank Offered Rate


	Counterparty	U.S.$ Value on Origination Date		U.S.$ Value April 30, 2011		Unrealized Depreciation
Sold:
2,511,000 Australian Dollar settling 5/31/11	Royal Bank of Scotland	$	2,705,959	$	2,742,618	$	(36,659	)
3,289,000 British Pound settling 6/13/11	Bank of America		5,280,259		5,490,995		(210,736	)
4,874,000 British Pound settling 6/13/11	Citigroup		7,817,170		8,137,157		(319,987	)
4,873,000 British Pound settling 6/13/11	Credit Suisse First Boston		7,818,046		8,135,487		(317,441	)
830,000 Canadian Dollar settling 6/20/11	BNP Paribas		849,241		876,244		(27,003	)
5,018,000 Euro settling 7/18/11	Credit Suisse First Boston		7,237,211		7,416,718		(179,507	)
4,140,000 Euro settling 7/18/11	JPMorgan Chase		5,973,647		6,119,013		(145,366	)
3,342,000 Euro settling 7/18/11	Royal Bank of Scotland		4,814,886		4,939,551		(124,665	)
632,560,000 Japanese Yen settling 7/14/11	JPMorgan Chase		7,551,558		7,800,975		(249,417	)

						$	(1,610,781	)

At April 31, 2011, the Fund held $640,000 in principal value of U.S. Treasury Obligations and $10,680,000 in cash as collateral for derivatives and delayed-delivery securities. Cash collateral held may be invested in accordance with the Fund’s investment strategy.

Securities held as collateral will not be pledged and are not reflected in the Fund’s Schedule of Investments.

(D) Open reverse repurchase agreements at April 30, 2011:


Counterparty	Rate			Trade Date	Maturity Date	Principal & Interest		Principal
Bank of America		0.19	%	4/13/11	5/12/11	$	26,686,676	$	26,684,000
		0.45	%	4/5/11	5/6/11		4,965,650		4,963,975
		0.45	%	4/12/11	5/13/11		30,521,768		30,514,139
Barclays Bank		0.18	%	4/13/11	5/12/11		72,105,849		72,099,000
		0.25	%	4/13/11	5/12/11		89,232,772		89,221,000
		0.29	%	4/13/11	5/12/11		54,807,387		54,799,000
		0.45	%	4/21/11	5/23/11		4,114,566		4,114,000
		0.50	%	4/1/11	5/2/11		2,008,865		2,008,000
		0.50	%	4/4/11	5/5/11		3,687,433		3,686,000
		0.50	%	4/11/11	5/13/11		11,064,226		11,061,000
		0.50	%	4/12/11	5/13/11		12,810,558		12,807,000
		0.50	%	4/13/11	5/13/11		2,836,748		2,836,000
		0.50	%	4/14/11	5/16/11		9,243,310		9,241,000
		0.65	%	4/1/11	5/2/11		2,482,389		2,481,000
BNP Paribas		0.17	%	4/20/11	5/18/11		13,038,739		13,038,000
Citigroup		0.20	%	4/13/11	5/12/11		493,052		493,000
Credit Suisse First Boston		0.50	%	4/11/11	5/11/11		2,851,832		2,851,000
		0.60	%	4/15/11	5/16/11		12,126,435		12,123,000
		0.65	%	4/15/11	5/16/11		7,884,419		7,882,000
Deutsche Bank		0.60	%	4/20/11	5/19/11		4,785,957		4,785,000
Goldman Sachs		0.17	%	4/13/11	5/12/11		25,558,293		25,556,000
Greenwich Capital Markets		0.50	%	4/6/11	5/9/11		20,338,342		20,331,000
		0.50	%	4/11/11	5/11/11		2,038,594		2,038,000
		0.50	%	4/12/11	5/13/11		591,164		591,000
		0.50	%	4/18/11	5/18/11		7,193,398		7,192,000
		0.50	%	4/19/11	5/18/11		3,918,707		3,918,000
JPMorgan Chase		0.60	%	4/7/11	5/10/11		10,264,275		10,260,000
Morgan Stanley		0.50	%	4/18/11	5/18/11		3,323,646		3,323,000

								$	440,896,114

The weighted average daily balance of reverse repurchase agreements outstanding during the three months ended April 30, 2011 was $449,871,295 at a weighted average interest rate of 0.36%. 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 agreement) for open reverse repurchase agreements at April 30, 2011 was $468,844,724.

At April 30, 2011, the Fund held $250,000 in principal value of Mortgage-Backed Securities and $20,000 in cash as collateral for reverse repurchase agreements. Cash collateral held may be invested in accordance with the Fund's investment strategy. 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 three months ended April 30, 2011 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 is 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 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. 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 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 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 or note, state of issuance, benchmark yield curves, and bond or note 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 is 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 April 30, 2011 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 4/30/11
Investments in Securities - Assets
U.S. Government Agency Securities		—	$	684,953,968		$	3,134,872	$	688,088,840
Corporate Bonds & Notes:
Airlines		—		3,232,500			9,296,651		12,529,151
All Other		—		245,358,612			—		245,358,612
Mortgage-Backed Securities	$	1,552,847		175,575,694			—		177,128,541
Senior Loans		—		26,583,577			—		26,583,577
Asset-Backed Securities		—		16,103,214			—		16,103,214
Convertible Preferred Stock		1,541,696		—			—		1,541,696
Municipal Bonds		—		1,324,321			—		1,324,321
Common Stock		108,869		—			—		108,869
Warrants		—		33,706			—		33,706
Short-Term Investments		—		36,296,088			—		36,296,088
Options Purchased:
Interest Rate Contracts		—		3			—		3

Total Investments in Securities - Assets	$	3,203,412	$	1,189,461,683		$	12,431,523	$	1,205,096,618

Investments in Securities - Liabilities
Securities Sold Short, at value		—	$	(15,472,184	)		—	$	(15,472,184	)

*Other Financial Instruments - Assets**
Credit Contracts		—	$	5,363,520			—	$	5,363,520
Interest Rate Contracts		—		2,568,783			—		2,568,783

*Total Other Financial Instruments - Assets**		—	$	7,932,303			—	$	7,932,303

*Other Financial Instruments - Liabilities**
Credit Contracts		—	$	(622,434	)		—	$	(622,434	)
Foreign Exchange Contracts		—		(1,610,781	)		—		(1,610,781	)
Interest Rate Contracts		—		(8,614,773	)		—		(8,614,773	)

*Total Other Financial Instruments - Liabilities**		—	$	(10,847,988	)		—	$	(10,847,988	)

Total Investments	$	3,203,412	$	1,171,073,814		$	12,431,523	$	1,186,708,749

*	Other financial instruments are derivatives 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 between Levels 1 and 2 during the three months ended April 30, 2011.

A roll forward of fair value measurements using significant unobservable inputs (Level 3) for the three months ended April 30, 2011, was as follows:


	Beginning Balance 1/31/11		Purchases		Sales			Accrued Discounts (Premiums)		Net Realized Gain (Loss)		Net Change in Unrealized Appreciation/ Depreciation			Transfers into Level 3**		Transfers out of Level 3**			Ending Balance 4/30/11
Investments in Securities - Assets
U.S. Government Agency Securities	$	3,323,718		—	$	(187,944	)	$	451	$	2,720	$	(4,073	)		—		—		$	3,134,872
Corporate Bonds & Notes:
Airlines		9,471,650		—		(62,333	)		5,733		9,075		(127,474	)		—		—			9,296,651
Mortgage-Backed Securities		2,851,092		—		—			8,800		—		43,005			—	$	(2,902,897	)		—

Total Investments	$	15,646,460		—	$	(250,277	)	$	14,984	$	11,795	$	(88,542	)		—	$	(2,902,897	)	$	12,431,523

**	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 April 30, 2011 was $(124,272).

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: June 22, 2011


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

Date: June 22, 2011

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: June 22, 2011


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

Date: June 22, 2011