In plain terms — PIMCO Global StocksPLUS & Income Fund
Shares currently cost about 6.8% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 2.2% discount, so today's level is not wide for this fund (Z-score -0.9). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 10.2% a year of the share price (9.5% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.07 of assets — a ReinvestCapture™ rate of 11.0%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 12.6% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -5.65% | 0.94% | +0.98 | 55 |
| 6 months | -3.95% | 2.90% | -0.27 | 108 |
| 1 year | -2.16% | 2.97% | -0.86 | 206 |
| 3 years | +0.12% | — | — | — |
| 5 years | +1.13% | — | — | — |
Current contemporaneous premium/discount -4.72% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -7.50% to +3.86%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -3.81% | -7.22% | -11.39% | -5.27% | +8.63% | -5.51% |
| Market price total return | -3.00% | -4.96% | -4.13% | +4.11% | +20.35% | +4.77% |
| NAV return | -2.58% | -4.30% | -2.69% | +2.60% | +10.40% | -3.72% |
| NAV total return | -1.81% | -2.07% | +5.09% | +12.57% | +22.34% | +6.88% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The PIMCO Global StocksPLUS & Income Fund (PGP) operates as a closed-end, balanced mutual fund, initially launched and managed by Allianz Global Investors Fund Management LLC, with co-management responsibilities also held by Pacific Investment Management Company LLC. This U.S.-domiciled fund, established on April 30, 2003, pursues a global investment strategy, allocating capital across both fixed income and public equity markets worldwide. It employs a sophisticated long/short approach, utilizing financial derivatives like options. In its fixed-income portfolio, PGP targets investment-grade debt securities, maintaining a low to intermediate average duration, and diversifying across mortgage-related instruments, government, corporate, and other debt from both U.S. and non-U.S. issuers, including emerging market bonds. Concurrently, the fund invests in common stocks of companies spanning various sectors.
CEF Explorer research page for PIMCO Global StocksPLUS & Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.