-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EuloE3BNvpOCI5J/meyaCxLlRn5ETR/0dLuZDKaHEfr2Jq98olPdu82zmXuc1szb NkkGQZUc1LjetLG1n/xYWg== 0000930413-09-003686.txt : 20090716 0000930413-09-003686.hdr.sgml : 20090716 20090716101347 ACCESSION NUMBER: 0000930413-09-003686 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090531 FILED AS OF DATE: 20090716 DATE AS OF CHANGE: 20090716 EFFECTIVENESS DATE: 20090716 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Nicholas-Applegate International & Premium Strategy Fund CENTRAL INDEX KEY: 0001319332 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-21724 FILM NUMBER: 09947328 BUSINESS ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 212-739-3371 MAIL ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: PAFM NACM International & Premium Strategy Fund DATE OF NAME CHANGE: 20050301 FORMER COMPANY: FORMER CONFORMED NAME: NACM International & Premium Strategy Fund DATE OF NAME CHANGE: 20050301 N-Q 1 c58156_nq.htm c58156_nq.htm

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number: 811-21724

Registrant Name: Nicholas–Applegate International & Premium Strategy Fund

Address of Principal Executive Offices: 1345 Avenue of the Americas New York, New York 10105

Name and Address of Agent for Service: Lawrence G. Altadonna – 1345 Avenue of the Americas New York, New York 10105

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

Date of Fiscal Year End: February 28, 2010

Date of Reporting Period: May 31, 2009

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 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

Nicholas-Applegate International & Premium Strategy Fund Schedule of Investments
May 31, 2009 (unaudited)

Shares                           Value*   
COMMON STOCK—93.4%      
Australia—6.4%      
     Banking—1.4%      
69,164   Commonwealth Bank of Australia   $1,950,502   
 
     Building/Construction—0.5%      
189,217   Downer EDI Ltd.   720,382  
 
     Healthcare & Hospitals—2.1%      
123,948   CSL Ltd.   2,925,005  
 
     Metals & Mining—1.9%      
55,687   BHP Billiton Ltd.   1,563,907  
18,601   Newcrest Mining Ltd.   493,592  
9,801   Rio Tinto Ltd.   515,299  
        2,572,798  
 
     Retail—0.5%          
33,495   Woolworths Ltd.   683,976  
 
Belgium—0.9%
     
     Chemicals—0.6%      
25,259   Tessenderlo Chemie NV   859,956  
 
     Transportation—0.3%      
27,391   Euronav NV   459,319  
 
Bermuda—1.2%      
     Holding Companies—0.3%      
734,000   First Pacific Co.   365,674  
 
     Oil & Gas—0.4%      
38,500   Seadrill Ltd.   568,825  
 
     Real Estate—0.5%      
159,500   Kerry Properties Ltd.   685,484  
 
Cayman Islands—0.2%      
     Telecommunications—0.2%      
782,000   Hutchison Telecommunications Hong Kong Holdings Ltd. (c)   96,837  
782,000   Hutchison Telecommunications International Ltd.   157,471  
        254,308  
 
Denmark—1.7%      
     Building/Construction—0.3%      
9,950   FLSmidth & Co. A/S (c)   370,230  
 
     Energy—0.2%      
4,800   Vestas Wind Systems A/S (c)   354,126  
 
     Pharmaceuticals—1.2%      
31,800   Novo Nordisk AS, Class B   1,660,129  



Nicholas-Applegate International & Premium Strategy Fund Schedule of Investments
May 31, 2009 (unaudited)

Shares                           Value*   
Finland—2.2%      
     Automotive—0.2%      
13,200   Nokian Renkaat Oyj   $251,850  
 
     Telecommunications—2.0%      
178,126   Nokia Oyj   2,737,006  
 
France—7.4%      
     Automotive—0.3%      
14,943   Peugeot S.A.   455,902  
 
     Banking—1.4%      
27,495   BNP Paribas   1,907,697  
 
     Machinery—0.9%      
19,616   Alstom S.A.   1,253,230  
 
     Multi-Media—0.4%      
21,394   Vivendi Universal S.A.   566,855  
 
     Oil & Gas—1.5%      
36,497   Total S.A. (b)   2,108,164  
 
     Pharmaceuticals—0.4%      
9,794   Sanofi-Aventis S.A.   625,868  
 
     Telecommunications—2.1%      
118,394   France Telecom S.A. (b)   2,890,769  
 
     Utilities—0.4%      
9,219   Electricite de France   485,886  
 
Germany—6.5%      
     Automotive—1.0%      
15,008   Bayerische Motoren Werke AG   543,239  
21,187   DaimlerChrysler AG   780,264  
        1,323,503  
 
     Chemicals—2.5%      
17,065   BAYER AG   977,000  
34,176   K&S AG   2,564,072  
        3,541,072  
 
     Financial Services—1.0%      
15,459   Deutsche Boerse AG   1,356,265  
 
     Utilities—2.0%      
38,991   E.ON AG   1,385,723  
16,213   RWE AG   1,351,565  
        2,737,288  



Nicholas-Applegate International & Premium Strategy Fund Schedule of Investments
May 31, 2009 (unaudited)

Shares                           Value*   
Greece—0.6%      
     Banking—0.6%      
29,019   National Bank of Greece S.A.   $794,011  
 
Hong Kong—1.9%
     
     Airlines—0.4%      
425,000   Cathay Pacific Airways Ltd.   597,618  
 
     Real Estate—1.5%      
204,000   Hang Lung Group Ltd.   930,940  
592,000   New World Development Ltd.   1,123,830  
        2,054,770  
 
Ireland—0.2%      
     Financial Services—0.2%      
48,618   Irish Life & Permanent PLC   233,158  
 
Italy—2.6%      
     Aerospace—0.2%      
21,291   Finmeccanica SpA   301,555  
 
     Energy—1.2%      
271,908   Enel SpA   1,621,364  
 
     Utilities—1.2%      
66,956   Eni SpA   1,626,581  
 
Japan—17.0%      
     Automotive—2.3%      
301,000   Hino Motors Ltd.   886,788  
29,200   Tokai Rika Co., Ltd.   437,852  
48,300   Toyota Motor Corp.   1,922,464  
        3,247,104  
 
     Banking—0.9%      
81,900   Resona Holdings, Inc.   1,230,080  
 
     Building/Construction—1.1%      
29,500   Daikin Industries Ltd.   915,439  
73,000   Kinden Corp.   601,146  
        1,516,585  
 
     Consumer Products—2.1%      
50,200   Heiwa Corp.   573,980  
1,300   Nintendo Co., Ltd.   350,175  
36,200   Sankyo Co., Ltd.   1,919,500  
        2,843,655  
 
     Diversified Manufacturing—0.3%      
23,000   Nikon Corp.   345,981  
 
     Electronics—0.4%      
27,500   Mitsumi Electric Co., Ltd.   530,975  



Nicholas-Applegate International & Premium Strategy Fund Schedule of Investments
May 31, 2009 (unaudited)

Shares                           Value*   
 
     Financial Services—0.4%      
46,500   Promise Co., Ltd.   $620,279  
 
     Food & Beverage—0.3%      
34,000   Kirin Brewery Co., Ltd.   428,092  
 
     Machinery—0.7%      
36,500   Shima Seiki Manufacturing Ltd.   935,586  
 
     Pharmaceuticals—0.5%      
11,200   Astellas Pharma, Inc.   380,969  
19,700   Daiichi Sankyo Co., Ltd.   370,290  
        751,259  
 
     Retail—0.3%      
88,500   Daiei, Inc. (c)   429,335  
 
     Telecommunications—2.3%      
140   KDDI Corp.   733,252  
48,700   Nippon Telegraph & Telephone Corp.   2,023,123  
282   NTT DoCoMo, Inc.   421,633  
        3,178,008  
 
     Tobacco—0.2%      
81   Japan Tobacco, Inc.   233,081  
 
     Transportation—3.1%      
8,600   East Japan Railway Co.   512,518  
133,000   Kawasaki Kisen Kaisha Ltd.   599,785  
147,000   Mitsui OSK Lines Ltd.   1,045,992  
450,000   Nippon Yusen KK   2,158,329  
        4,316,624  
 
     Wholesale—2.1%      
545,900   Sojitz Corp.   1,094,832  
184,300   Sumitomo Corp. (b)   1,846,816  
        2,941,648  
 
Jersey, Channel Islands—0.5%
     
     Manufacturing—0.5%      
84,128   Charter International PLC   719,880  
 
Luxembourg—0.6%
     
     Consumer Products—0.6%      
20,850   Oriflame Cosmetics S.A.   927,032  
 
Norway—3.0%      
     Banking—1.5%      
247,600   DnB NOR ASA (c)   2,076,594  



Nicholas-Applegate International & Premium Strategy Fund Schedule of Investments
May 31, 2009 (unaudited)

Shares                           Value*   
     Chemicals—1.5%      
63,200   Yara International ASA   $2,101,505  
 
Singapore—0.6%
     
     Airlines—0.6%      
99,000   Singapore Airlines Ltd.   858,305  
 
Spain—7.3%      
     Banking—2.0%      
260,361   Banco Santander Central Hispano S.A.   2,769,610  
 
     Building/Construction—0.3%      
9,343   ACS Actividades Construcciones y Servicios S.A.   488,915  
 
     Insurance—0.6%      
226,669   Mapfre S.A.   791,479  
 
     Telecommunications—3.4%      
218,195   Telefonica S.A. (b)   4,732,473  
 
     Utilities—1.0%      
162,409   Iberdrola S.A.   1,396,442  
 
Sweden—1.8%      
     Banking—0.6%      
95,400   Nordea Bank AB   765,420  
 
     Metals & Mining—0.6%      
98,000   Boliden AB   766,386  
 
     Tobacco—0.6%      
50,600   Swedish Match AB   813,717  
 
Switzerland—6.3%
     
     Building/Construction—1.2%      
101,818   ABB Ltd. (c)   1,685,572  
 
     Chemicals—0.7%      
3,892   Syngenta AG   950,446  
 
     Food & Beverage—0.4%      
16,827   Nestle S.A.   613,495  
 
     Insurance—2.3%      
16,732   Zurich Financial Services AG   3,135,402  
 
     Pharmaceuticals—1.3%      
12,695   Roche Holdings AG   1,740,456  
 
     Retail—0.4%      
3,280   Swatch Group AG   548,214  



Nicholas-Applegate International & Premium Strategy Fund Schedule of Investments
May 31, 2009 (unaudited)

Shares                           Value*   
United Kingdom—24.5%
     
     Aerospace—0.2%      
56,269   BAE Systems PLC   $312,472  
 
     Banking—1.7%      
98,123   Barclays PLC   475,671  
133,443   Royal Bank of Scotland Group PLC (b)(c)   82,755  
88,325   Standard Chartered PLC   1,802,492  
        2,360,918  
 
     Consumer Products—0.5%      
67,923   Aggreko PLC   645,613  
 
     Financial Services—0.2%      
53,500   ICAP PLC   342,101  
 
     Food & Beverage—4.9%      
130,071   Diageo PLC   1,777,285  
135,323   Unilever PLC   3,186,261  
462,495   WM Morrison Supermarkets PLC (b)   1,819,113  
        6,782,659  
 
     Healthcare & Hospitals—0.8%      
129,606   SSL International PLC   1,068,841  
 
     Insurance—1.2%      
760,522   Old Mutual PLC   911,076  
227,246   Standard Life PLC   730,464  
        1,641,540  
 
     Manufacturing—0.2%      
17,062   Cookson Group PLC   74,842  
22,313   Smiths Group PLC   261,921  
        336,763  
 
     Metals & Mining—2.5%      
32,097   Anglo American PLC   925,872  
67,080   BHP Billiton PLC   1,604,043  
22,080   Rio Tinto PLC   1,003,634  
        3,533,549  
 
     Oil & Gas—5.3%      
302,677   BP PLC   2,496,224  
    Royal Dutch Shell PLC (b),      
76,148      Class A   2,055,478  
104,798      Class B   2,852,454  
        7,404,156  
 
     Pharmaceuticals—2.4%      
68,139   AstraZeneca PLC   2,836,494  
25,592   GlaxoSmithKline PLC   431,785  
        3,268,279  



Nicholas-Applegate International & Premium Strategy Fund Schedule of Investments
May 31, 2009 (unaudited)

Shares                           Value*   
     Telecommunications—2.4%      
230,300   Cable & Wireless PLC   $502,578  
1,536,950   Vodafone Group PLC (b)   2,884,686  
        3,387,264  
 
     Tobacco—1.7%      
59,293   British American Tobacco PLC   1,621,421  
27,934   Imperial Tobacco Group PLC   724,971  
        2,346,392  
 
     Transportation—0.5%      
331,510   Stagecoach Group PLC   702,751  
    Total Common Stock (cost—$226,662,045)   129,464,059  
 
EXCHANGE-TRADED FUND—1.0%      
United States—1.0%
     
28,200   iShares MSCI EAFE Index Fund (cost—$1,558,098)   1,336,680  
 
    Total Investments before options written      
    (cost—$228,220,143)—94.4%   130,800,739  
 
Contracts          
CALL OPTIONS WRITTEN (c)—(0.4)%      
10,500   Bayerische Motoren Werke AG (OTC),      
         strike price €28, expires 6/19/09   (3,017 )
68,600   Boliden AB (OTC),      
         strike price SEK 65, expires 6/18/09   (9,729 )
1,267   DAX Index (OTC),      
         strike price €5,264, expires 6/19/09   (53,152 )
10,583   Dow Jones Euro Stoxx 50 Price Index (OTC),      
         strike price €2,597, expires 6/19/09   (267,145 )
4,439   FTSE 100 Index (OTC),      
         strike price £4,679, expires 6/19/09   (103,799 )
205,026   Nikkei Index (OTC),      
         strike price ¥10,010, expires 6/12/09   (100,313 )
76,740   OMX Stolkholm 30 Index (OTC),      
         strike price SEK 840, expires 6/18/09   (30,365 )
2,563   S&P 200 ASX Index (OTC),      
         strike price AUD 4,025, expires 6/18/09   (20,398 )
6,900   Sanofi-Synthelabo (OTC),      
         strike price €47, expires 6/19/09   (2,842 )
27,000   Seadrill Ltd. (OTC),      
         strike price NOK 100, expires 6/19/09   (4,292 )
1,589   Swiss Market Index (OTC),      
         strike price CHF 5,709, expires 6/19/09   (19,168 )
    Total Call Options Written (premiums received—$930,691)   (614,220 )
 
    Total Investments net of call options written (cost—$227,289,452) (a)—94.0%   130,186,519  
    Other assets less other liabilities—6.0%   8,344,074  
    Net Assets—100.0%   $138,530,593  



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, based on 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 if 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 Trustees or persons acting at their discretion pursuant to procedures established by the Board of Trustees. The Fund's investments, including over-the-counter options, 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 for those securities for which the over-the-counter market is the primary market or for listed securities in which there were no sales. 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. Exchange-traded options are valued at the settlement price determined by the relevant exchange. 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 and the NAV may change on days when an investor is not able to purchase or sell shares. The prices used by the Fund to value securities may differ from the value that would be realized if securities were sold and these differences could be material. The Fund's NAV is normally determined daily 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.

 
 

The prices of certain portfolio securities or other financial instruments may be determined at a time prior to the close of regular trading on the NYSE. When fair-valuing securities, the Fund may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indices) that occur after the close of the relevant market and before the time a Fund's NAV is calculated.With respect to certain foreign securities, the Fund may fair-value securities using modeling tools provided by a third-party vendor. The Fund has retained a statistical research service to assist in determining the fair-value of foreign securities. This service utilizes statistics and programs based on historical performance of markets and other economic data to assist in making fair-value estimates. Fair value estimates used by the Fund for foreign securities may differ from the value realized from the sale of those securities and the difference could be material. Fair-value pricing may require subjective determinations about the value of a security or other asset, and fair-values used to determine a Fund's NAV may differ from quoted or published prices, or from prices that are used by others, for the same investments. In addition, the use of fair-value pricing may not always result in adjustments to the prices of securities or other assets held by a Fund.

 
(a)    

Securities with an aggregate value of $126,476,453, representing 91.30% of net assets, have been valued utilizing modeling tools provided by a third-party vendor, as described in the footnote above.

 
(b)

All or partial amount segregated as collateral for call options written.

 
(c)

Non-income producing.

 

Glossary:
€—Euro
£— Great British Pound
¥—Japanese Yen
AUD—Australian Dollar
CHF—Swiss Franc
NOK—Norwegian Krone
OTC—Over the Counter
SEKSwedish Krona

Other Investments:

(1)    Transactions in options written for the three months ended May 31, 2009:

  Contracts               Premiums  
Options outstanding, February 28, 2009 451,382     $1,222,116  
Options written 1,414,021     1,929,678  
Options terminated in closing transactions (506,675 )   (83,899 )
Options assigned (327,226 )   (656,601 )
Options expired (616,295 )   (1,480,603 )
Options outstanding, May 31, 2009 415,207     $930,691  



Fair Value Measurements—The Fund has adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair Value Measurements" (“SFAS 157”). This standard clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of the fair value measurements. Under this standard, 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 under SFAS 157 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 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 valuation techniques used by the Fund to measure fair value during the three months ended May 31, 2009 maximized the use of observable inputs and minimized the use of unobservable inputs.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used at May 31, 2009 in valuing the Fund’s investments and other financial instruments carried at value:

      Investments in Securities
and other financial instruments
 
Valuation Inputs     Assets                 Liabilities  
Level 1 - Quoted Prices   $ 4,324,286     $  
Level 2 - Other Significant Observable Inputs     126,476,453       (614,220 )
Level 3 - Significant Unobservable Inputs            
Total   $ 130,800,739     $ (614,220 )

Disclosures about Derivative Instruments and Hedging Activities—The Fund has adopted FASB Statement of Financial Standards No. 161 “Disclosures about Derivative Instruments and Hedging Activities” (“SFAS 161”). This standard is an amendment to FASB Statement No. 133 ("FASB 133"), which expands the disclosure requirements of FAS 133 regarding an entity’s derivative instruments and hedging activities.

The following is a summary of the fair valuations of the Fund's derivative instruments categorized by risk exposure as of May 31, 2009:

    Derivatives Fair Value  
Interest rate contracts   $—  
Foreign exchange contracts    
Credit contracts    
Equity contracts   (614,220 )
Other contracts    
Total   $(614,220 )


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 occured 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: Nicholas-Applegate International & Premium Strategy Fund

By /s/ Brian S. Shlissel

President & Chief Executive Officer

Date: July 16, 2009

By /s/ Lawrence G. Altadonna

Treasurer, Principal Financial & Accounting Officer

Date: July 16, 2009

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: July 16, 2009

By /s/ Lawrence G. Altadonna

Treasurer, Principal Financial & Accounting Officer

Date: July 16, 2009

 


EX-99.CERT 2 c58156_ex99cert.htm c58156_ex99cert.htm

Exhibit 99.302CERT

CERTIFICATIONS

I, Brian S. Shlissel, certify that:

1.     

I have reviewed this report on Form N-Q of Nicholas-Applegate International & Premium Strategy Fund;

 
2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 
3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 
4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 
  (a)     

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 
  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 
  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 
  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 
5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 
  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 
  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: July 16, 2009

Signature & Title: /s/ Brian S. Shlissel
Brian S. Shlissel
President & Chief Executive Officer



CERTIFICATIONS

I, Lawrence G. Altadonna, certify that:

1.     

I have reviewed this report on Form N-Q of Nicholas-Applegate International & Premium Strategy Fund;

 
2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 
3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 
4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 
  (a)     

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 
  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 
  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 
  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 
5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 
  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 
  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: July 16, 2009

Signature & Title: /s/ Lawrence G. Altadonna
Lawrence G. Altadonna
Treasurer, Principal Financial &
Accounting Officer


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