PIMCO International StocksPLUS AR Strategy Fund (U.S. Dollar-Hedged) A (PIPAX)

All data as of 04/30/13, unless otherwise indicated.
PIMCO

PIMCO
Prior to March 22, 2013, the PIMCO International StocksPLUS AR Strategy Fund (U.S. Dollar-Hedged) was named PIMCO International StocksPLUS TR Strategy Fund (U.S. Dollar-Hedged).

Objective
Seeks total return which exceeds that of the MSCI EAFE Index (USD-hedged)
Primary Portfolio
Non-U.S. equity derivatives backed by an actively managed portfolio of fixed income securities with an absolute return orientation
At a Glance
SymbolPIPAX
CUSIP Number 72200Q430
Total Fund Assets (in millions) $626.7
Share Class Inception Date 10/30/2003
Dividend Frequency Quarterly
Maximum Sales Charge 3.75%
Net Operating Expenses 1.15 %
Total Annual Operating Expenses 1.16 %

Daily Price
NAV Day Return
$8.01 $0.10 1.26%
YTD Return
19.16%
As of 05/17/13

Historical Prices

05/14/13

$7.92

05/15/13

$7.96

05/16/13

$7.91
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
An innovative approach to international investing, combining active and passive management

Taking an innovative approach to international stock investing, the fund combines passive exposure to the MSCI EAFE Index (U.S. Dollar-Hedged) with an actively managed fixed income portfolio with an absolute return orientation.


Why Invest In This Fund
More than an index fund

PIMCO International StocksPLUS® AR Fund (U.S. Dollar-Hedged) seeks to outperform the index it follows by employing PIMCO’s innovative StocksPLUS® strategy.


Diversification benefits

The fund tempers currency risk by hedging its equity index exposure and can tactically take modest levels of active foreign currency exposure within the actively managed fixed income portfolio. In addition, its developed non-U.S. stock market exposure, in conjunction with U.S. stock and bond investments, is generally expected to enhance portfolio diversification. Of course, diversification does not guarantee a profit or protect against loss.


Time-tested management experience

PIMCO, one of the largest investment managers in the country, pioneered the StocksPLUS® strategy in 1986 to capitalize on its core strengths of active fixed income and efficient equity derivatives management. Today, PIMCO manages StocksPLUS portfolios across a range of objectives.

View All Fund Literature

Managers

Chris Dialynas

Mr. Dialynas is a managing director in the Newport Beach office, a portfolio manager, and a member of PIMCO’s Investment Committee. He has written extensively and lectured on the topic of fixed-income investing. Mr. Dialynas served on the editorial board of The Journal of Portfolio Management and was a member of the Fixed Income Curriculum Committee of the Association for Investment Management and Research. He has 34 years of investment experience and holds an MBA from the University of Chicago Graduate School of Business. He received his undergraduate degree from Pomona College. He joined PIMCO in 1980.

*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: In managing the strategy’s investments in Fixed Income Instruments, PIMCO utilizes an absolute return approach; the absolute return approach does not apply to the equity index replicating component of the strategy. 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. 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. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. 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. 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. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund.

Annual Report of Proxy Voting Records, Form N-PX »
Quarterly Schedule of Portfolio Holdings, Form N-Q »

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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