40-17G

June 12, 2009

Securities and Exchange Commission
Office of Applications and Report Services
450 Fifth Street, N.W.
Washington, D.C. 20549

Re: Joint Insured Fidelity Bond of
Allianz Funds (File No. 811-06161)
Allianz Funds Multi-Strategy Trust (File No. 811-22167)
Premier VIT (File No. 811-8512)
PIMCO Municipal Advantage Fund Inc. (File No. 811-7532)
Fixed Income SHares (File No. 811-9721)
PIMCO Municipal Income Fund (File No. 811-10377)
PIMCO California Municipal Income Fund (File No. 811-10379)
PIMCO New York Municipal Income Fund (File No. 811-10381)
PIMCO Municipal Income Fund II (File No. 811-21076)
PIMCO California Municipal Income Fund II (File No. 811-21077)
PIMCO New York Municipal Income Fund II (File No. 811-21078)
PIMCO Municipal Income Fund III (File No. 811-21187)
PIMCO California Municipal Income Fund III (File No. 811-21188)
PIMCO New York Municipal Income Fund III (File No. 811-21189)
PIMCO Corporate Income Fund (File No. 811-10555)
PIMCO Corporate Opportunity Fund (File No. 811-21238)
Nicholas-Applegate Convertible & Income Fund (File No. 811-21284)
PIMCO High Income Fund (File No. 811-21311)
Nicholas-Applegate Convertible & Income Fund II (File No. 811-21338)
PIMCO Floating Rate Income Fund (File No. 811-21374)
PIMCO Floating Rate Strategy Fund (File No. 811-21601)
NFJ Dividend, Interest & Premium Strategy Fund (File No. 811-21417)
Nicholas-Applegate International & Premium Strategy Fund (File No. 811-21724)
PIMCO Global StocksPLUS & Income Fund (File No. 811-21734)
Nicholas-Applegate Equity & Convertible Income Fund (File No. 811-21989)
Nicholas-Applegate Global Equity & Convertible Income Fund (File No. 811-22067)
PIMCO Income Opportunity Fund (File No. 811-22121)
PCM Fund Inc. (File No. 811-07816)
PIMCO Strategic Global Government Fund Inc. (File No. 811-08216)

Ladies and Gentlemen:

Enclosed for filing on behalf of the above-referenced registered investment management investment companies (the “Funds”) pursuant to Rule 17g-1 of the Investment Company Act of 1940, as amended,

Allianz Global Investors of America L.P.
1345 Avenue of the Americas
New York, NY 10105
212.739.3000

is the documentation regarding the remaining excess layers of Fidelity Bond coverage issued by the following insurance companies:

(i)	First Excess Layer issued by Great American Insurance Group for $25 million is attached under Exhibit 1;
(ii)	Second Excess Layer issued by United States Fire Insurance Company for $20.5 million is attached under Exhibit 2.

The initial joint insured Fidelity bond filing was made on October 24, 2008, where the following documents were provided:

(i)	A copy of the Fidelity Bond Binder (the “Bond”), effective July 1, 2008, issued by National Union Fire Insurance Company, the primary policy for $25 million; First Excess Layer issued by Great American Insurance Company for $25 million; and Second Excess Layer issued by U.S. Fire Insurance Company for $20.5 million, insuring the Funds is attached under Exhibit 1;
(ii)	A copy of the executed joint Fidelity Bond Agreement between the joint insureds in accordance with Rule 17g-1(f) is attached under Exhibit 2;
(iii)	A copy of the resolutions of a majority of Trustees/Directors of each Board who are not “interested persons” of the Funds, approving the amount, type, form and coverage of the Bond and the portion of the premium to be paid by each Fund is attached under Exhibit 3; and
(iv)	A Rule 17g-1 Minimum Amount of Bond worksheet showing the amount of a single insured bond which each Fund would have to maintain, had it not been named as an insured under the joint Bond is attached under Exhibit 4.

Premiums for the Bond have been appropriately paid from July 1, 2008 through the period ending July 1, 2009.

If there are any questions regarding this filing, please contact the undersigned at (212) 739-3222.

Very truly yours,

Thomas J. Fuccillo
Secretary and Chief Legal Officer

Allianz Global Investors of America L.P.
1345 Avenue of the Americas
New York, NY 10105
212.739.3000

EX-99.1

TABLE OF CONTENTS

FIDELITY/CRIME DIVISION

FINANCIAL INSTITUTION EXCESS FOLLOW FORM CERTIFICATE

The Great American Insurance Company, herein called the UNDERWRITER

Bond Number: FS 559-46-74 — 01

Name and Address of Insured: Allianz Funds
680 Newport Center Drive, Suite 250
Newport Beach, CA 92660

The UNDERWRITER, in consideration of an agreed premium, and in reliance upon the statements and information furnished to the UNDERWRITER by the Insured, and subject to the terms and conditions of the underlying coverage scheduled in ITEM 3 below, as excess and not contributing insurance, agrees to pay the Insured for loss which:

(a)	Would have been paid under the Underlying but for the fact that such loss exceeds the limit of liability of the Underlying Carrier (s) listed in Item 3, and
(b)	for which the Underlying Carrier (s) has (have) made payment, and the Insured has collected the full amount of the expressed limit of the Underlying Carrier’s (s) liability.

ITEM 1. BOND PERIOD: from 12:01 a.m. on 07/01/2008 to 12:01 a.m. on 07/01/2009

(inception) (expiration)

ITEM 2.   LIMIT OF LIABILITY AT INCEPTION: $25,000,000 and $25,000,000 in the Aggregate (National Union Fire Insurance Company of Pittsburgh, PA (AIG) Investment Company Blanket Bond Insuring Agreements A, C, D, E, F, G, J, L, M.)

ITEM 3. UNDERLYING COVERAGE:

A)	CARRIER:	National Union Fire Insurance Company of Pittsburgh, PA
	LIMIT:	$25,000,000 and $25,000,000 in the Aggregate subject to a $250,000 deductible.
	BOND NUMBER:	621-4333
	BOND PERIOD:	07/01/2008 — 07/01/2009

ITEM 4. Coverage provided by this Bond is subject to the following attached Rider(s): No. 1 and 2

ITEM 5. By acceptance of this Bond, you give us notice canceling prior Bond No. FS 559-46-74 — 00, the cancellation to be effective at the same time this Bond becomes effective.

In witness whereof, the UNDERWRITER has caused this certificate to be signed by an Attorney-in-Fact of the UNDERWRITER this 19^th day of March, 2009.

THE GREAT AMERICAN INSURANCE COMPANY
By:	/s/ Illegible
	(Attorney-in-Fact)

Excess Follow Form Certificate
10/2007 ed. One Waterside Crossing, Windsor, CT 06095
Member of American Financial Group

FIDELITY/CRIME DIVISION

RIDER NO. 1

DROP DOWN RIDER

To be attached to and form part of Excess Follow Form Bond No. FS 559-46-74 — 01

In favor of Allianz Funds

It is agreed that:

The attached bond is amended by adding an additional Condition as follows:

1.	All Underlying Coverage detailed in ITEM 3 of the Declarations shall be maintained in full force and effect during the period of this Bond, except for any reduction in the aggregate limits contained therein solely by payment of claims, including court costs and attorneys fees.
2.	If by reason of the payment of any claim or claims by the Underwriter during the period of this coverage, which reduces the aggregate limits of the underlying coverage, this Bond shall respond excess over the Single Loss Limits of Liability of the Underlying Carrier(s) named in Item 3 of the Declarations until the reduced Annual Aggregate Limits are exhausted; and in such event, this Bond shall continue in force as Primary Bond, and the Deductible set forth on the Declarations Page of the Primary Bond shall apply to this Bond.
3.	Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, limitations, conditions, or provisions of the attached Bond other than as above stated
4.	This rider shall become effective as of 12:01 a.m. on 07/01/2008 standard time as specified in the Bond.

One Waterside Crossing, Windsor, CT 06095
Member of American Financial Group

FIDELITY/CRIME DIVISION

RIDER NO. 2

CALIFORNIA PREMIUM RIDER

To be attached to and form part of Bond No. FS 559-46-74 — 01

in favor of Allianz Funds

It is agreed that:

1. In compliance with the ruling of the Commissioner of Insurance of the State of California and the Opinion of the Attorney-General of that State requiring that the premium for all bonds or policies be endorsed thereon, the basic premium charged for the attached bond for the period

From:	07/01/2008
To:	07/01/2009
Is:	Thirty Five Thousand Five Hundred Thirty and 00/100 Dollars ($35,530.)

2. This rider shall become effective as of 12:01 a.m. on 07/01/2008 standard time.

One Waterside Crossing, Windsor, CT 06095
Member of American Financial Group

EX-99.2

Financial Institution Excess Bond

Bond Number 626-031876-6 Issued To:

Allianz Funds

July 1, 2008

To

July 1, 2009

Crime & Financial Institutions

Crum & Forster
305 Madison Avenue
PO Box 1973
Morristown, NJ 07960-1973

(973) 490-6830

UNITED STATES FIRE INSURANCE COMPANY A DELAWARE CORPORATION HOME OFFICE: WILMINGTON, DELAWARE (A Capital Stock Company)
	305 Madison Avenue, Morristown, NJ 07962
	Policy Number: 626-031876-6

FOLLOW FORM EXCESS CRIME INSURANCE POLICY

A. In consideration of the payment of the premium, in reliance upon the statements and information you furnished us and subject to the provisions, terms and conditions contained in the primary policy, as in effect on the inception date of this policy, the United States Fire Insurance Company (referenced throughout the policy as “we”, “us” and “our) agrees with the Insured,

ALLIANZ FUNDS
680 Newport Center Drive, Ste 250
Newport Beach, CA 92660

(more fully set forth in the primary policy and referenced throughout this policy as “you” and “your”), to pay you, up to our Limit of Insurance, for loss which is insured under the primary policy but exceeds the per loss Limits of Insurance under the primary policy together with other underlying insurance, as stated in G., below.

B.	However, with respect to the Limit of Insurance available under this policy together with all underlying insurance, if a Sub-Limit of Insurance applies to a loss under the underlying insurance that is lower than the sum of the largest stated per loss Limits of Insurance set forth in G., below, for all underlying insurance, this policy will not serve to increase the Limit of Insurance available with respect to such loss beyond that stated Sub-Limit.
C.	Subject to the foregoing, we will pay only the amount of such loss that is in excess of the applicable Limits of Insurance of all underlying insurance plus any applicable deductible set forth under the primary policy. The payment of claims under the underlying insurance shall include the payment of covered court costs and attorneys’ fees to the extent they erode the Limits of Insurance under such policies.
D.	You retain the risk that any underlying insurance is uncollectible (in whole or in part) whether from the financial impairment or insolvency of the underwriter or from any other cause. Under no circumstances will your inability to collect underlying insurance increase our liability under this policy.
E.	Any changes to the primary policy that would have the effect of increasing our liability or decreasing our attachment point under this policy will not be binding on us until we have agreed in writing to accept them.
F.	This policy is effective from 12:01 a.m. on July 1, 2008 until 12:01 a.m. on July 1, 2009 (both times local time at your address shown above), unless terminated earlier in accordance with the termination or cancellation provisions of the primary policy.
G.	The primary policy is: National Union Fire Insurance Company of Pittsburgh, Pa. Bond # 6214333 with a per loss limit of $25,000,000 excess a per loss deductible of $250,000.

Underlying insurance is the primary policy and the following policies written in excess of it:

Great American Insurance Company Bond # FS 559-46-74-01 with a per loss limit of $25,000,000 excess $25,000,000.

H.	Our Limit of Insurance effective July 1, 2008 is $20,500,000 excess $50,000,000 any one loss.
I.	The premium for the term of this policy is: $28,653
J.	By acceptance of this Policy, you give us notice canceling prior policy No(s) 626-030976-6 the cancellation to be effective at the time this policy becomes effective.
	In witness of this, we have caused this policy to be signed below by our President and Secretary.

SIGNATURE	SIGNATURE
Joseph F. Braunstein, Jr.	Felicia Garland
President	Secretary

June 27, 2008	BY:
(Date)		(Authorized Representative)

U.S. TREASURY DEPARTMENT’S OFFICE OF
FOREIGN
ASSETS CONTROL (“OFAC”)
ADVISORY NOTICE TO POLICYHOLDERS

No coverage is provided by this policyholder notice nor can it be construed to replace any provisions of your policy. You should read your policy and review your declarations page for complete information on the coverages you are provided.

This Notice provides information concerning possible impact on your insurance coverage due to directives issued by OFAC. Please read this Notice carefully.

The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on Presidential declarations of “national emergency”. OFAC has identified and listed numerous:

• Foreign agents;

• Front organizations;

• Terrorists;

• Terrorist organizations; and

• Narcotics traffickers;

as “Specially Designated Nationals and Blocked Persons”. This list can be located on the United States Treasury’s web site - http//www.treas.gov/ofac.

In accordance with OFAC regulations, if it is determined that you or any other insured, or any person or entity claiming the benefits of this insurance has violated U.S. sanctions law or is a Specially Designated National and Blocked Person, as identified by OFAC, this insurance will be considered a blocked or frozen contract and all provisions of this insurance are immediately subject to OFAC. When an insurance policy is considered to be such a blocked or frozen contract, no payments nor premium refunds may be made without authorization from OFAC. Other limitations on the premiums and payments also apply.

ELECTRONIC SIGNATURE PAGE

The purpose of the electronic signature is to assure you and us that the attached policy has not been altered since we issued it. Once the signature is affixed, any change invalidates the signature.

The origin of the signature, itself, can be verified by use of the appropriate public key encryption file. You can either request that file from the underwriter or, once you are satisfied as to the source of this document, you can import the electronic identity directly into your pdf reader from this file.

By: