Pimco Funds NPX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number 811-5028

PIMCO Funds

(Exact name of registrant as specified in charter)

840 Newport Center Drive, Newport Beach, CA 92660

(Address of principal executive offices) (Zip code)

Ernest L. Schmider,

840 Newport Center Drive,

Newport Beach, CA 92660

(Name and address of agent for service)

Copies to:

Brendan Fox

Dechert LLP

1775 I Street, N.W.

Washington, D.C. 20006

Registrant’s telephone number, including area code: (866) 746-2606

Date of fiscal year end: March 31

Date of reporting period: July 1, 2004 - June 30, 2005

Item 1. Proxy Voting Record

The Proxy Voting Record, stated below, encompasses all Funds in the PIMCO Funds except the following Funds and Portfolios: All Asset All Authority Fund, All Asset Fund, California Intermediate Municipal Bond Fund, California Municipal Bond Fund, CommodityRealReturn Strategy Fund, Emerging Markets Bond Fund, European StocksPLUS TR Strategy Fund, Far East (ex-Japan) StocksPLUS TR Strategy Fund, Foreign Bond Fund (U.S. Dollar-Hedged), Foreign Bond Fund (Unhedged), Fundamental IndexPLUS Fund, Fundamental IndexPLUS TR Fund, Global Bond Fund (Unhedged), Global Bond Fund (U.S. Dollar-Hedged), GNMA Fund, International StocksPLUS TR Strategy Fund, Japanese StocksPLUS TR Strategy Fund, Developing Local Markets Fund, Low Duration Fund II, Low Duration Fund III, Moderate Duration Fund, Money Market Fund, Municipal Bond Fund, New York Municipal Bond Fund, Real Return Asset Fund, Real Return Fund, Real Return Fund II, RealEstateRealReturn Strategy Fund, Short Duration Municipal Income Fund, StocksPLUS Total Return Fund, StocksPLUS TR Short Strategy Fund, Total Return Fund II, Total Return Fund III, Total Return Mortgage Fund, Developing Local Markets Portfolio, Emerging Markets Portfolio, International Portfolio, Municipal Sector Portfolio, Real Return Portfolio, Short-Term Portfolio, and U.S. Government Sector Portfolio, in which there were no proxy votes to report.

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

Fund

Name

Issuer Name

Exchange

Ticker

Symbol

Cusip or Isin

Security

Holder

Meeting

Date

Matter Voted On

Issuer or

Security

Holder

Proposal

Vote

Cast

(Y/N?)

Vote

Cast:

For,

Against,

Abstain

Vote Cast

“For” or

“Against”

Management

or “Abstain”

Convertible Fund

El Paso Production Holding Co.

N/A

283703AB2

N/A

Consent to

the proposed

amendments

Issuer

For

PPL Energy Supply LLC

N/A

69352JAE7

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

For

Targeted Return Index Securities Trust

N/A

87613YAH4

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Dana Corp.

N/A

235811AU0

N/A

Consent to

the proposed

amendments

Issuer

For

Diversified Income Fund

Hollinger International Publishing, Inc.

N/A

435572AE2

N/A

Consent to

the proposed

amendments

Issuer

For

PanAmSat Corp.

N/A

697933AP4

N/A

Consent to

the proposed

amendments

Issuer

For

El Paso Production Holding Co.

N/A

283703AB2

N/A

Consent to

the proposed

amendments

Issuer

For

El Paso Energy Partners

N/A

28368QAC3

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Williams Cos., Inc.

N/A

969457BQ2

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

AT&T Wireless Services, Inc.

N/A

00209AAG1

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Officemax, Inc.

N/A

097383AW3

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

Abstain

Evergreen Resources, Inc.

N/A

299900AD2

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

Abstain

K&F Industries, Inc.

N/A

482240AJ7

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

For

Dimon, Inc.

N/A

254394AJ8

N/A

Consent to

the proposed

amendments

Issuer

For

Dimon, Inc.

N/A

254394AE9

N/A

Consent to

the proposed

amendments

Issuer

For

Targeted Return Index Securities Trust

N/A

87613YAH4

N/A

Consent to

the proposed

amendments in

the Indenture

Issuer

For

Dana Corp.

N/A

235811AU0

N/A

Consent to

the proposed

amendments

Issuer

For

Host Marriott LP

N/A

44108EAK4

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Dimon, Inc.

N/A

254394AJ8

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Dimon, Inc.

N/A

254394AE9

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Young Broadcasting, Inc.

N/A

987434AQ0

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Freescale Semiconductor, Inc.

N/A

35687MAF4

N/A

Consent to

the proposed

amendments in

the Indenture

Issuer

For

Freescale Semiconductor, Inc.

N/A

35687MAD9

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Wynn Las Vegas LLC

N/A

983130AB1

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

European Convertible Fund

Wells Fargo & Co.

N/A

949746EZ0

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

For

Floating Income Fund

Freescale Semiconductor, Inc.

N/A

35687MAD9

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

High Yield Fund

Hollinger International Publishing, Inc.

N/A

435572AE2

N/A

Consent to

the proposed

amendments

Issuer

For

PanAmSat Corp.

N/A

697933AP4

N/A

Consent to

the proposed

amendments

Issuer

For

El Paso Production Holding Co.

N/A

283703AB2

N/A

Consent to

the proposed

amendments

Issuer

For

JET Equipment Trust

N/A

477122AU9

N/A

Consent to

the proposed

amendments

Issuer

For

Alderwoods Group, Inc.

N/A

014383AC7

N/A

Consent to

the proposed

amendments

Issuer

For

El Paso Energy Partners

N/A

28368QAC3

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

GulfTerra Energy Partners LP

N/A

40274XAB8

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Williams Cos., Inc.

N/A

969457BQ2

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

PTC International Finance S.A.

N/A

69364SAF0

N/A

Consent to

the proposed

amendments

Issuer

For

Officemax, Inc.

N/A

097383AW3

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

Abstain

Choctaw Resort Development Enterprise

N/A

17037NAB6

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

For

AmeriGas Partners LP

N/A

0309819C0

N/A

Consent to

the proposed

amendments

Issuer

Against

Evergreen Resources, Inc.

N/A

299900AD2

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

Abstain

K&F Industries, Inc.

N/A

482240AG3

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

For

K&F Industries, Inc.

N/A

482240AJ7

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

For

Dimon, Inc.

N/A

254394AE9

N/A

Consent to

the proposed

amendments

Issuer

For

Targeted Return Index Securities Trust

N/A

87613YAH4

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Dana Corp.

N/A

235811AU0

N/A

Consent to

the proposed

amendments

Issuer

For

Cincinnati Bell, Inc.

N/A

171871AB2

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Cedar Brakes II LLC

N/A

15005NAC6

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

SPX Corp.

N/A

784635AH7

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

SPX Corp.

N/A

784635AG9

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Host Marriott LP

N/A

44108EAK4

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Reddy Ice Group, Inc.

N/A

757346AC5

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

AmeriGas Partners LP

N/A

03073KAC5

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Young Broadcasting, Inc.

N/A

987434AQ0

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Freescale Semiconductor, Inc.

N/A

35687MAE7

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Freescale Semiconductor, Inc.

N/A

35687MAD9

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Wynn Las Vegas LLC

N/A

983130AB1

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Investment Grade Corporate Bond Fund

AT&T Wireless Services, Inc.

N/A

00209AAG1

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

BB&T Corp.

N/A

054937AC1

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

Against

Long-Term U.S. Government Fund

Overseas Private Investment Corp.

N/A

690353LA3

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

For

Low Duration Fund

Federal-Mogul Corp.

N/A

313549AK3

12/9/2004

Plan of Bankruptcy

Reorganization

Issuer

Short-Term Fund

PanAmSat Corp.

N/A

697933AK5

N/A

Consent to

the proposed

amendments

Issuer

For

StocksPLUS Fund

Host Marriott LP

N/A

44108EAK4

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Total Return Fund

Delta Air Lines, Inc.

N/A

247361XG8

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

Abstain

TXU Eastern Funding Co.

N/A

873169AF3

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

Abstain

Asset-Backed Securities Portfolio

ARG Funding Corp.

N/A

00204AAR2

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

Abstain

High Yield Portfolio

Hollinger International Publishing, Inc.

N/A

435572AE2

N/A

Consent to

the proposed

amendments

Issuer

For

PanAmSat Corp.

N/A

697933AP4

N/A

Consent to

the proposed

amendments

Issuer

For

JET Equipment Trust

N/A

477122AU9

N/A

Consent to

the proposed amendments

Issuer

For

Alderwoods Group, Inc.

N/A

014383AC7

N/A

Consent to the proposed amendments

Issuer

For

El Paso Energy Partners

N/A

28368QAC3

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Officemax, Inc.

N/A

097383AW3

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

Abstain

AmeriGas Partners LP

N/A

0309819C0

N/A

Consent to

the proposed

amendments

Issuer

Against

Evergreen Resources, Inc.

N/A

299900AD2

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

Abstain

K&F Industries, Inc.

N/A

482240AJ7

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

For

Targeted Return Index Securities Trust

N/A

87613YAH4

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Dana Corp.

N/A

235811AU0

N/A

Consent to

the proposed

amendments

Issuer

For

Cincinnati Bell, Inc.

N/A

171871AB2

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

SPX Corp.

N/A

784635AH7

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Reddy Ice Group, Inc.

N/A

757346AC5

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Young Broadcasting, Inc.

N/A

987434AQ0

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Crown Castle International Corp.

N/A

228227AJ3

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Freescale Semiconductor, Inc.

N/A

35687MAF4

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Freescale Semiconductor, Inc.

N/A

35687MAD9

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Wynn Las Vegas LLC

N/A

983130AB1

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Investment Grade Corporate Portfolio

AT&T Wireless Services, Inc.

N/A

00209AAH9

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

AT&T Wireless Services, Inc.

N/A

00209AAG1

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

AT&T Wireless Services, Inc.

N/A

00209AAE6

N/A

Consent to

the proposed

amendments

in the Indenture

Issuer

For

Entergy-Koch Trading LP

N/A

29365HAB6

N/A

Consent to

the proposed

amendments

to Indenture

Issuer

For

Mortgage Portfolio

TMI Home Loan Trust

N/A

87258DAE7

N/A

Consent to

the proposed

amendments

Issuer

For

Short-Term Portfolio II

PanAmSat Corp.

N/A

697933AK5

N/A

Consent to

the proposed

amendments

Issuer

For

SIGNATURES

[See General Instruction F]

Pursuant to the requirements of 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.


PIMCO FUNDS

By:		/s/ Ernest L. Schmider
		Ernest L. Schmider, Principal Executive Officer

Date: August 24, 2005

Pimco Funds N-PXAnnual report of proxy voting record