PIMCO Diversified Income Fund A (PDVAX)

All data as of 04/30/13, unless otherwise indicated.
PIMCO
Objective
Seeks maximum total return, consistent with prudent investment management
Primary Portfolio
Investment grade corporate, high yield and emerging market fixed income securities (3-8 yr. avg. duration)
At a Glance
SymbolPDVAX
CUSIP Number 72200Q661
Total Fund Assets (in millions) $7,499.4
Share Class Inception Date 07/31/2003
Dividend Frequency Accrues Daily; Distributes Monthly
Maximum Sales Charge 3.75%
Net Operating Expenses 1.15 %

Daily Price

NAV Day Return
$12.34 -$0.02 -0.13%
YTD Return
2.48%
As of 05/17/13

Historical Prices

05/14/13

$12.34

05/15/13

$12.33

05/16/13

$12.36

Performance quoted represents past performance and 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 average annual returns shown. Performance quoted does not reflect any sales charges, if applicable, and performance would be lower if it did. Click Performance tab for performance current to the most recent month-end.
Breakpoints
Sales Range (USD)Fee %
Under $100,000 3.75%
$100,000 but under $250,000 3.25%
$250,000 but under $500,000 2.25%
$500,000 but under $1 million 1.75%
$1 million but under $2,000,001 0.00%*
$2,000,001+ 0.00%*
Fund Overview
Seeking higher income potential from multiple sectors of the global bond market

A global multi-sector bond fund, PIMCO Diversified Income Fund can serve as a risk-managed, income-oriented complement to traditional core bond holdings.


Why Invest In This Fund
Enhanced income potential

The fund can take advantage of a global opportunity set, focusing on bond sectors that may provide an incremental yield advantage over government bonds. These sectors include primarily investment grade corporate, high yield and emerging market bonds, as well as other sectors appearing to offer relative value.


A dynamic, flexible approach

The fund’s management team has the flexibility to adjust the fund’s sector weightings in response to changing market and economic conditions. This dynamic approach can allow the fund to both be defensive and take advantage of compelling income opportunities across regions and credit qualities.


Supported by four decades of bond experience

PIMCO has been a pioneer in fixed income investing for four decades, with expertise across virtually every sector of the bond market. Our time-tested investment process combines our informed, top-down global economic outlook with rigorous credit research and risk management.

Managers

Curtis Mewbourne

Mr. Mewbourne is a managing director and head of portfolio management for PIMCO's New York office. As a generalist portfolio manager, he manages institutional accounts and mutual funds across a wide range of strategies. Mr. Mewbourne serves as a member of the global operating committee, the PM management group and the PIMCO Foundation investment committee. Prior to joining PIMCO in 1999, he was a bond trader at Salomon Brothers and at Lehman Brothers. Mr. Mewbourne was nominated for Morningstar's Fixed Income Manager of the Year award in 2010. He has 21 years of trading and portfolio management experience. He holds an engineering degree in computer science from the University of Pennsylvania.

*A CDSC may apply for shares redeemed within 18 months of purchase.
 
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus and summary prospectus, if available, which may be obtained by contacting your financial advisor or PIMCO representative.  Click here for a complete list of the PIMCO Funds prospectuses and summary prospectuses. Please read them carefully before you invest or send money.

A word about risk: This Fund will normally invest in a diversified pool of corporate fixed income securities of varying maturities, all of which may be below investment grade. Below investment grade securities generally involve greater risk to principal than higher-rated securities. The Fund may also invest in non-U.S. securities, in securities denominated in foreign currencies, mortgage-related securities, and emerging market securities without limit. Mortgage-backed securities are subject to prepayment risk.  The value of some mortgage-related or asset-backed securities may be particularly sensitive to interest rate changes, and there is no assurance that private insurers of the underlying mortgages or assets will meet their obligations.When interest rates rise, the value of fixed income securities generally declines. Investing in non-U.S. securities may entail risk due to foreign economic when investing in emerging markets. This Fund may use derivative instruments for hedging purposes or as part of its investment strategy. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments.

Past performance is not a guarantee or a reliable indicator of future results. For funds with at least a 3-yr history, Morningstar calculates a Morningstar Rating based on a risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees) with an emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating is a weighted average of the performance figures for its 3-, 5- and 10-yr (if applicable) Morningstar Rating metrics. Morningstar, Inc.® 2011. All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its affiliates; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Hollow stars represent a class of shares with inception dates that is different than the inception date of the fund. For the period prior to the inception date of these shares, performance information is based on the performance of the fund’s Institutional Class shares, adjusted to reflect the actual distribution and/or service (12b-1) fees and other expenses paid by the newer share class.


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