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Pimco Strategic Income Fund, Inc. – ‘NSAR-A’ for 7/31/14

On:  Monday, 9/29/14, at 4:36pm ET   ·   Effective:  9/29/14   ·   For:  7/31/14   ·   Accession #:  1410368-14-656   ·   File #:  811-08216

Previous ‘NSAR-A’:  ‘NSAR-A’ on 9/25/13 for 7/31/13   ·   Next:  ‘NSAR-A’ on 2/29/16 for 12/31/15   ·   Latest:  ‘NSAR-A’ on 3/1/18 for 12/31/17

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/29/14  Pimco Strategic Income Fund, Inc. NSAR-A      7/31/14    4:50K                                    State Street Bank … Dept

Semi-Annual Report by an Investment Company   —   Form N-SAR   —   ICA’40
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NSAR-A      Semi-Annual Report by an Investment Company           10     41K 
 2: EX-99.77C VOTES  Matters Submitted to a Vote of Security           1      6K 
                Holders                                                          
 4: EX-99.77D POLICIES  Policies re: Security Investments              2±     8K 
 3: EX-99.77Q1 OTHR EXHB  Other Disclosure                            12     48K 


‘NSAR-A’   —   Semi-Annual Report by an Investment Company




SEC Info rendering:  Data from the Answer File, which may only contain updates to a prior Form N-SAR


Form N-SAR
 
Semi-Annual Report by a Closed-End Investment Company
 
Report 
 
      Registrant:   Pimco Strategic Income Fund, Inc.List all N-SARs

Semi-Annual Report (at mid-year) for the 1st-half period ended:  7/31/14

Were there any Answer File errors in the Filing?  None Found
Was the Answer File completed by the Registrant?  Yes

Is this an Amendment to a previous Report?  No
Is this a change to a previous Report?      No
 
Registrant 
 
 1.SEC CIK:      916183
SEC File #:   811-08216

Telephone #:  212-739-3000
 
 2.Address:      1633 Broadway
              New York, NY  10019
 
 3.Is this the first Form N-SAR filed by the Registrant?  No
 
 4.Is this the final Form N-SAR filed by the Registrant?  No
 
 
Funds/Series Top of Form N-SAR 
                                                                                    
 7.Is the Registrant a Funds/Series (multiple portfolios) company?  No
 
Investment Adviser 
 
 8.1Name:         Allianz Global Investors Fund Management LLC
Role:         Adviser
SEC File #:   801-57798
Location:     New York, NY
 
 8.2Name:         Pacific Investment Management Co. LLC
Role:         Sub-Adviser
SEC File #:   801-48187
Location:     Newport Beach, CA
 
Administrator 
 
10.1Name:         Allianz Global Investors Fund Management LLC
SEC File #:   801-57798
Location:     New York, NY
 
Shareholder Servicing/Transfer Agent 
 
12.1Name:         American Stock Transfer & Trust Co. LLC
SEC File #:   084-00416
Location:     Brooklyn, NY
 
Independent Public Accountant 
 
13.1Name:         Pricewaterhousecoopers LLP
Location:     Kansas City, MO
 
Affiliated Broker/Dealer 
 
14.1Name:         Allianz Global Investors Distributors LLC
SEC File #:   008-41811
 
14.2Name:         Allianz Life Financial Services, LLC
SEC File #:   008-13630
 
14.3Name:         Pimco Deutschland GmbH
 
14.4Name:         Pimco Investments LLC
SEC File #:   008-68686
 
14.5Name:         Questar Capital Corp.
SEC File #:   008-50174
 
Custodian 
 
15.1Name:         State Street Bank & Trust Co.
Role:         Custodian
Location:     Kansas City, MO

Type of custody:  Section 17(f)(1) — Bank
 
15.2Name:         Clearstream Banking S.A.
Role:         Sub-Custodian
Location:     Luxembourg
              Luxembourg

Type of custody:  Rule 17f-5 — Foreign Custodian
 
15.3Name:         Euroclear
Role:         Sub-Custodian
Location:     Brussels
              Belgium

Type of custody:  Rule 17f-5 — Foreign Custodian
 
15.4Name:         State Street BK London – Physical
Role:         Sub-Custodian
Location:     London
              United Kingdom

Type of custody:  Rule 17f-5 — Foreign Custodian
 
15.5Name:         State Street BK London-Crest
Role:         Sub-Custodian
Location:     London
              United Kingdom

Type of custody:  Rule 17f-5 — Foreign Custodian
 
18.Does the Registrant’s/Series’ Custodian(s) maintain some or all of the
Registrant’s/Series’ securities in a central depository or book-entry
system pursuant to Rule 17f-4?  Yes
 
Family of Investment Companies 
 
19.Is the Registrant/Series part of a “family” of investment companies?  Yes

Total number of registered management investment companies, Series
and portfolios (excluding any Unit Investment Trusts) in the family:  82

The Identification Code of the family for Form N-SAR Filings:  ALLIANZGLO
 
Brokerage Commissions Paid on Portfolio Transactions 
 
20.The brokers who received the largest amount of gross brokerage
commissions during the period:
 
20.1Broker:       Deutsche Bank AG
IRS #:        13-2944980
 
20.2Broker:       Bank of America Corp.
IRS #:        56-0906609
 
20.3Broker:       JPMorgan Chase & Co.
IRS #:        13-3224016
 
20.4Broker:       Knight Capital Markets LLC
IRS #:        22-3791454
 
20.5Broker:       The Goldman Sachs Group, Inc.
IRS #:        13-4019460
 
Portfolio Transactions with Entities Acting as Principals 
 
22.The entities acting as principals with whom the Registrant did the
largest amount of portfolio transactions, based on total value of
principal, during the period:
 
22.1Entity:       Credit Suisse
IRS #:        13-5659485
Registrant’s purchases ($000s)2,334,672
Registrant’s sales ($000s)2,331,004
 
22.2Entity:       Barclays Capital, Inc.
IRS #:        06-1031656
Registrant’s purchases ($000s)1,773,797
Registrant’s sales ($000s)1,776,350
 
22.3Entity:       The Goldman Sachs Group, Inc.
IRS #:        13-4019460
Registrant’s purchases ($000s)877,566
Registrant’s sales ($000s)971,430
 
22.4Entity:       Bank of New York Co., Inc.
IRS #:        13-2614959
Registrant’s purchases ($000s)670,285
Registrant’s sales ($000s)678,328
 
22.5Entity:       Deutsche Bank AG
IRS #:        13-2944980
Registrant’s purchases ($000s)166,794
Registrant’s sales ($000s)984,309
 
22.6Entity:       BNP Paribas Securities Corp.
IRS #:        13-3235334
Registrant’s purchases ($000s)525,875
Registrant’s sales ($000s)574,979
 
22.7Entity:       Morgan Stanley
IRS #:        36-3145972
Registrant’s purchases ($000s)359,298
Registrant’s sales ($000s)241,837
 
22.8Entity:       JPMorgan Chase & Co.
IRS #:        13-3224016
Registrant’s purchases ($000s)86,137
Registrant’s sales ($000s)83,644
 
22.9Entity:       Citigroup, Inc.
IRS #:        52-1568099
Registrant’s purchases ($000s)66,152
Registrant’s sales ($000s)56,978
 
22.10Entity:       Bank of America Corp.
IRS #:        56-0906609
Registrant’s purchases ($000s)19,299
Registrant’s sales ($000s)20,261
 
23.Total purchase/sale transactions by the Registrant during the period:
   Aggregate purchases ($000s)6,955,381
   Aggregate sales ($000s)7,839,122
 
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers 
 
24.At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities?  Yes

25.

The brokers or dealers, or their parents (issuers):
 
25.1Name:         JPMorgan Chase & Co.
IRS #:        13-3224016
Type of security owned:  Debt
Value of securities owned at period end ($000s)16,440
 
25.2Name:         The Goldman Sachs Group, Inc.
IRS #:        13-4019460
Type of security owned:  Debt
Value of securities owned at period end ($000s)15,096
 
25.3Name:         Citigroup, Inc.
IRS #:        52-1568099
Type of security owned:  Debt
Value of securities owned at period end ($000s)10,261
 
25.4Name:         Bank of America Corp.
IRS #:        56-0906609
Type of security owned:  Debt
Value of securities owned at period end ($000s)9,038
 
25.5Name:         Deutsche Bank AG
IRS #:        13-2944980
Type of security owned:  Debt
Value of securities owned at period end ($000s)6,829
 
25.6Name:         Credit Suisse Group
IRS #:        13-5659485
Type of security owned:  Debt
Value of securities owned at period end ($000s)4,973
 
25.7Name:         Barclays Capital, Inc.
IRS #:        06-1031656
Type of security owned:  Debt
Value of securities owned at period end ($000s)3,261
 
25.8Name:         Morgan Stanley
IRS #:        36-3145972
Type of security owned:  Debt
Value of securities owned at period end ($000s)418
 
Considerations which Affected the Participation of Brokers or Dealers 
 
26.Considerations which affected the participation of brokers or dealers or
other entities in commissions or other compensation paid on portfolio
transactions of the Registrant:

Consideration?
Sales of the Registrant’s/Series’ shares ...............................  No
Receipt of investment research and statistical info ....................  No
Receipt of quotations for portfolio valuations .........................  No
Ability to execute portfolio transactions to obtain the best price
  and execution ........................................................  Yes
Receipt of telephone line and wire services ............................  No
Broker or Dealer which is an affiliated person .........................  No
An arrangement to return or credit part or all of commissions or
  profits thereon...
    To an Investment Adviser or Principal Underwriter, or to an
      affiliated person of either ......................................  No
    To the Registrant ..................................................  No
Other ..................................................................  No
 
Investment Company Type 
 
27.Is the Registrant an “open-end” investment company?  No, Closed-End
 
Advisory Fee 
 
45.Did the Registrant/Series have an advisory contract during the period?  Yes
 
46.Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period?  No
 
47.Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets?  Yes
 
48.Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
    Single-fee rate:  0.85%
    Step-fee rates:
      For 1st $000s:  0
        Annual rate:  0.0%
 
49.Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income?  No
 
50.Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets?  No
 
51.Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance?  No
 
52.Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants?  No
 
53.Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws?  No
 
54.Indicated below are whether services were supplied or paid for wholly or
in substantial part by Investment Adviser(s) or Administrator(s) in
connection with the advisory or administrative contract(s) but for which
the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:

Provided to the Registrant?
Occupancy and office rental ............................................  Yes
Clerical and bookkeeping services ......................................  Yes
Accounting services ....................................................  No
Services of independent auditors .......................................  No
Services of outside counsel ............................................  No
Registration and filing fees ...........................................  No
Stationery, supplies and printing ......................................  Yes
Salaries & compensation of Registrant’s interested Directors ...........  Yes
Salaries & compensation of Registrant’s disinterested Directors ........  No
Salaries & compensation of Registrant’s Officers who aren’t Directors ..  Yes
Reports to current shareholders ........................................  No
Determination of offering and redemption prices ........................  No
Trading department .....................................................  Yes
Prospectus preparation and printing for current shareholders ...........  No
Other ..................................................................  No
 
Miscellaneous Info 
 
55.Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
    Overdrafts?  Yes
    Bank loans?  No
 
56.During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies?  Yes
 
57.Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend?  No
 
Classification and Asset Allocation 
 
58.Is the Registrant/Series a Separate Account of an insurance company?  No
 
59.Is the Registrant/Series a management investment company?  Yes
 
60.Was the Registrant/Series a diversified investment company at any time
during the period?  Yes

Was the Registrant/Series a diversified investment company at the end of
the period?  Yes
 
61.The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity:  $0
 
62.Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities?  Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ...............................      2.4%
U.S. Government Agency ......................      0.0
Repurchase agreements .......................      0.5
State and Municipal – tax-free ..............      0.0
Bank certificates of deposit – domestic .....      0.0
Bank certificates of deposit – foreign ......      0.0
Bankers acceptances .........................      0.0
Commercial paper – taxable ..................      0.0
Time deposits ...............................      0.0
Options .....................................      0.0
All other ...................................      0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ...............................    33.8%
U.S. Government Agency ......................  107.7
State and Municipal – tax-free ..............      0.4
Corporate ...................................    44.8
All other ...................................    46.6

Non-Debt
Investments other than debt securities ......      0.2%
 
63.The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
    Days:     0
    Years:    5.4
 
64.Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer?  Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end?  No
 
66.Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities?  No
 
67.Is the Registrant/Series a “balanced” Fund?  No
 
68.Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
    Engaged primarily in production or distribution of precious metals?  No
    Located primarily in countries other than the United States?  No
 
69.Is the Registrant/Series an index Fund?  No
 
Investment Practices 
 
70.Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity                                            Permitted Engaged In
Writing or investing in repurchase agreements?           Yes to both
Writing or investing in options on equities?             Yes      No
Writing or investing in options on debt securities?      Yes      No
Writing or investing in options on stock indices?        Yes      No
Writing or investing in interest rate futures?           Yes to both
Writing or investing in stock index futures?             Yes      No
Writing or investing in options on futures?              Yes      No
Writing or investing in options on stock index futures?  Yes      No
Writing or investing in other commodity futures?         No        
Investments in restricted securities?                    Yes to both
Investments in shares of other investment companies?     Yes      No
Investments in securities of foreign issuers?            Yes to both
Currency exchange transactions?                          Yes to both
Loaning portfolio securities?                            Yes      No
Borrowing of money?                                      Yes      No
Purchases/sales by certain exempted affiliated persons?  Yes      No
Margin purchases?                                        No        
Short selling?                                           Yes      No
 
Portfolio Turnover 
 
71.Portfolio turnover rate for the period:
 
Purchases ($000s)188,578
Sales ($000s):      259,364

Monthly average Value of portfolio ($000s)923,157

Percent turnover (lesser of Purchases or Sales, divided by Value):  20%
 
Financial Info — Income and Expenses 
 
72.The number of months covered by the values in Items 72 and 73:  6

Income  ($000s)
Net interest income ..............................................
20,363
Net dividend income .............................................. 1
Account maintenance fees .........................................
Net other income ................................................. 159

Expenses  ($000s)
Advisory fees ....................................................
1,592
Administrator fees ...............................................
Salaries and other compensation ..................................
Shareholder Servicing Agent fees ................................. 14
Custodian fees ................................................... 103
Postage ..........................................................
Printing expenses ................................................ 35
Directors’ fees .................................................. 11
Registration fees ................................................
Taxes ............................................................
Interest ......................................................... 366
Bookkeeping fees paid to anyone performing this service ..........
Auditing fees .................................................... 50
Legal fees ....................................................... 22
Marketing/distribution payments, incl. Rule 12b-1 plan payments ..
Amortization of organization expenses ............................
Shareholder meeting expenses .....................................
Other expenses ................................................... 28
Total expenses ................................................... 2,221

Expense reimbursements ($000s):   0

Net investment income ($000s):    18,302

Realized capital gains ($000s):   12,807
Realized capital losses ($000s)0

Net unrealized appreciation during the period ($000s)0
Net unrealized depreciation during the period ($000s)16,270

Total income dividends for which the record date passed during the
period ($000s)19,775

Total capital gains distributions for which the record date passed
during the period ($000s)0
 
73.Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income:    $0.4800

Distribution of capital gains:  $0.0000
Other distributions:            $0.0000
 
Financial Info — Condensed Balance Sheet Data 
 
74.Assets  ($000s)
Cash ............................................................. 1,572
Repurchase agreements ............................................ 1,874
Short-term debt securities, other than repurchase agreements ..... 9,342
Long-term debt securities, including convertible debt ............ 879,018
Preferred, conv. preferred and adjustable-rate preferred stock ...
Common stock ..................................................... 299
Options on equities ..............................................
Options on all futures ...........................................
Other investments ................................................ 225
Receivables from portfolio instruments sold ......................
Receivables from affiliated persons ..............................
Other receivables ................................................ 36,013
All other assets ................................................. 6,695
Total assets ..................................................... 935,038

Liabilities  ($000s)
Payables for portfolio instruments purchased .....................
206,070
Amounts owed to affiliated persons ............................... 272
Senior long-term debt ............................................
Other liabilities:
  Reverse repurchase agreements ..................................
204,186
  Short sales ....................................................
  Written options ................................................
  All other liabilities .......................................... 147,753

Equity  ($000s)
Senior equity ....................................................
Net assets of common shareholders ................................ 376,757

Number of shares outstanding (000s):   41,279

Net Asset Value (NAV) per share (to nearest cent):  $9.13

Total number of shareholder accounts:  465

Total value of assets in segregated accounts ($000s)11,300
 
75.Monthly average net assets during the period ($000s)377,767
 
76.Market price per share at period end:  $10.20
 
Additional Disclosures 
 
77.Did the Registrant file any additional Exhibits with the filing of this
Report (listed here and filed either herewith — as one of the ‘EX-99.*’
Exhibits in this Filing — or separately and incorporated by reference)?  Yes

EX-99.77C:  Matters Submitted to a Vote of Security HoldersYes

EX-99.77D:  Policies re: Security InvestmentsYes

EX-99.77Q1: Other DisclosureYes
 
Subsidiaries 
 
78.Does the Registrant have any wholly-owned investment company
subsidiaries whose operating and financial data are consolidated with
that of the Registrant in this Report?  No
 
Sales, Repurchases and Redemptions 
 
86.Sales, repurchases and redemptions of the Registrant’s securities:
 
Common Stock
Sales:
    Number of shares (000s):   0
    Net consideration received ($000s)0
Repurchases:
    Number of shares (000s):   0
    Net consideration paid ($000s):      0

Preferred Stock
Sales:
    Number of shares (000s):   0
    Net consideration received ($000s)0
Repurchases and redemptions:
    Number of shares (000s):   0
    Net consideration paid ($000s):      0

Debt Securities
Sales:
    Principal amount ($000s)0
    Net consideration received ($000s)0
Repurchases and redemptions:
    Principal amount ($000s)0
    Net consideration paid ($000s):      0
 
Securities Outstanding 
 
87.Securities of the Registrant that are registered on a national
securities exchange or listed on Nasdaq:
 
Title of class:  Pimco Strategic Income Fund Inc.
    CUSIP/CINS:  72200X·10·4
        Symbol:  RCS
 
88.Did the Registrant have any of the following outstanding which exceeded
1% of aggregate net assets at any time during the period:

Notes or bonds?     No
Uncovered options?  No
Margin loans?       No
Preferred stock?    No
 
 Signature  Top of Form N-SAR 
                                                                                    
/s/      William G. Galipeau      
Name:   William G. Galipeau
Title:  Treasurer

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