PGP

PIMCO Global StocksPlus & Income Fund operates as a closed-end management investment company that seeks to provide total return through a combination of capital appreciation and current income. Managed by Pacific Investment Management Company LLC (PIMCO), the fund employs a diversified investment strategy that combines equity exposure with fixed income instruments. The fund typically invests in a portfolio of U.S. and non-U.S. stocks while simultaneously maintaining positions in bonds, derivatives, and other income-generating securities to enhance returns and manage risk. The fund's distinctive "StocksPlus" approach utilizes equity index derivatives to gain stock market exposure while investing the majority of its assets in a diversified fixed income portfolio managed by PIMCO's bond specialists. This structure aims to deliver equity-like returns with an additional income component from the bond holdings. The fund employs leverage to seek to enhance returns, though this also increases risk and volatility. As a closed-end fund, PGP trades on the New York Stock Exchange with a fixed number of shares, and its market price may trade at a premium or discount to its net asset value (NAV). The fund makes regular distributions to shareholders, typically on a monthly basis. PIMCO, founded in 1971 and headquartered in Newport Beach, California, manages the fund's portfolio and serves as one of the world's largest fixed income managers with approximately $1.8 trillion in assets under management.