PIMCO EqS Emerging Markets Fund A (PEQAX)

All data as of 04/30/13, unless otherwise indicated.
PIMCO
Objective
The fund seeks maximum total return, consistent with prudent investment management.
Primary Portfolio
Emerging markets equities
At a Glance
SymbolPEQAX
CUSIP Number 72201T797
Total Fund Assets (in millions) $581.2
Share Class Inception Date 3/22/2011
Dividend Frequency Annually
Maximum Sales Charge 5.50%
Net Operating Expenses 1.63 %
Total Annual Operating Expenses 1.84 %

Daily Price
NAV Day Return
$9.01 -$0.05 -0.55%
YTD Return
2.04%
As of 05/24/13

Historical Prices

05/21/13

$9.20

05/22/13

$9.19

05/23/13

$9.06
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 $50,000 5.50%
$50,000 but under $100,000 4.50%
$100,000 but under $250,000 3.50%
$250,000 but under $500,000 2.50%
$500,000 but under $1 million 2.00%
$1 million but under $2,000,001 0.00%*
$2,000,001 but under $5,000,001 0.00%*
$5,000,001+ 0.00%*
Fund Overview
A holistic approach to harnessing emerging markets equity opportunities

The rapid growth of many emerging markets is creating dynamic opportunities for companies that can both drive and benefit from this trend. At PIMCO, we offer unique resources to meet investor needs in this area, with an experienced team of investors who combine fundamental, bottom-up stock selection with PIMCO’s time-tested and differentiated macroeconomic insights.


Why Invest In This Fund
Actively managed access to a dynamic asset class

Emerging markets equities have evolved from an opportunistic investment choice to a core allocation for many investors – a shift reflecting the recognition that they account for a rapidly growing share of the global economy. The fund employs a research-intensive approach on a broad opportunity set of securities in seeking emerging markets returns.


A disciplined, risk-focused approach

While emerging markets equities represent a potentially higher return opportunity, they also have been a volatile asset class. The fund incorporates tail risk (unexpected extreme market volatility) hedging strategies to help defend portfolio returns in difficult markets, providing the potential for attractive risk-adjusted returns over the long term.


Time-tested emerging markets investment experience

PIMCO’s forward-looking macroeconomic analysis and many years of experience in EM countries, currencies and credits are important elements of the fund’s investment process. As early investors in emerging markets fixed income and currencies, we continue to build a deep bench of emerging markets experts who understand the economic, political and company-specific issues that impact equities in these regions.

View All Fund Literature

Managers

Masha Gordon, CFA

Ms. Gordon is an executive vice president in the London office and leads the emerging markets equity portfolio management team. Prior to joining PIMCO in September 2010, she was a managing director, portfolio manager and head of global emerging markets equity strategy at Goldman Sachs Asset Management. Ms. Gordon served as a lead portfolio manager for the Goldman Sachs Emerging Markets Equity Fund from 2003-2010 and a co-lead portfolio manager for the Goldman Sachs BRIC Fund from 2006-2010. In total, she helped oversee more than $8 billion in investment assets. Earlier in her career, Ms. Gordon was a research analyst covering consumer, telecom and resource stocks in emerging markets. Before joining the financial industry, Ms. Gordon was a reporter for the Moscow bureau of "The Washington Post". She has 14 years of investment experience and holds a master of arts degree in law and diplomacy from the Fletcher School of Law and Diplomacy at Tufts University. She holds a bachelor's degree in political science from the University of Wisconsin.
*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:
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. Investing in securities of smaller companies tends to be more volatile and less liquid than securities of larger companies. Investing in distressed companies (both debt and equity) is speculative and may be subject to greater levels of credit, issuer and liquidity risks, and the repayment of default obligations contains significant uncertainties; such companies may be engaged in restructurings or bankruptcy proceedings. 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. Investments in companies engaged in mergers, reorganizations, or liquidations may involve special risks as pending deals may not be completed on time or on favorable terms. 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.

Tail risk hedging may involve entering into financial derivatives that are expected to increase in value during the occurrence of tail events. A tail event is unpredictable; therefore, investing in instruments tied to the occurrence of a tail event is speculative and could lose all or a portion of its value.

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