Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than performance shown.
This material is authorized for use only when preceded or accompanied by the current PIMCO funds prospectus, if available and the current fund fact sheet.
A word about risk: Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk; investments may be worth more or less than the original cost when redeemed. The value of most bond funds and fixed income securities are impacted by changes in interest rates.Bonds and bond funds with longer durations tend to be more sensitive and more volatile than securities with shorter durations;bond prices generally fall as interest rates rise. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations,and economic and political risks, which may be enhanced in emerging markets. High-yield,lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Equities may decline in value due to both real and perceived general market, economic and industry conditions. Investments in value securities involve the risk the market's value assessment may differ from the manager and the performance of the securities may decline. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.
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PIMCO advised funds are distributed by PIMCO Europe Ltd.