PIMCO RAE Low Volatility PLUS International Fund INSTL (PLVTX)

Prior to 15 April 2015, the PIMCO RAE Low Volatility PLUS International Fund was named the PIMCO Intl Low Volatility RAFI-PLUS AR Fund.

Regional Diversification (MV%) (CAP)1
as of 03/31/15
EMEA 65.72
Japan 22.23
Asia/Pacific Ex Japan 12.05
Latin America 0.00
North America 0.00
Regional Diversification (MV%) (RAFI)1
as of 03/31/15
EMEA 42.55
Japan 37.80
North America 11.53
Asia/Pacific Ex Japan 8.12
Latin America 0.00
Sector Diversification (Dur in Yrs)
as of 03/31/15
US Government-Related -0.61
Mortgage -0.52
US Credit 0.56
Non-U.S. Developed -0.64
Emerging Markets2 0.54
Municipal/Other 0.04
Net Other Short Duration Instruments3 -0.78
Summary Characteristics (CAP)1
as of 03/31/15
Weighted Avg. Market Cap ($mm) 61770.98
Number of Stocks 908.00
Trailing P/E Ratio 17.93
Forward P/E Ratio 16.48
Summary Characteristics (RAFI)1
as of 03/31/15
Weighted Avg. Market Cap ($mm) 54441.30
Number of Stocks 228.00
Trailing P/E Ratio 17.76
Forward P/E Ratio 17.29
Top 5 Sector Diversification (MV%) (CAP)1
as of 03/31/15
Telecommunication Services 4.93
Financials 26.01
Consumer Staples 11.02
Health Care 11.43
Utilities 3.58
Top 5 Sector Diversification (MV%) (RAFI)1
as of 03/31/15
Telecommunication Services 16.70
Financials 16.45
Consumer Staples 13.29
Health Care 12.64
Utilities 10.69

 

1RAFI equity statistics are for the RA International Low Volatility Equity Income Index, which the Fund replicated via total return swaps. Cap equity statistics are for the MSCI EAFE Net Dividend Index (USD Unhedged), the Fund's benchmark.
2Short duration emerging markets instruments includes an emerging market security or other instrument economically tied to an emerging market country by country of risk with an effective duration less than one year and rated investment grade or higher or if unrated, determined to be similar quality by PIMCO. Emerging Markets includes the value of short duration emerging markets instruments previously reported in another category.
3Net Other Short Duration Instruments includes securities and other instruments (except instruments tied to emerging markets by country of risk) with an effective duration less than one year and rated investment grade or higher or, if unrated, determined by PIMCO to be of comparable quality, commingled liquidity funds, uninvested cash, interest receivables, net unsettled trades, broker money, short duration derivatives (for example Eurodollar futures) and derivatives offsets. With respect to certain categories of short duration securities, the Adviser reserves the discretion to require a minimum credit rating higher than investment grade for inclusion in this category. Derivatives Offsets includes offsets associated with investments in futures, swaps and other derivatives. Such offsets may be taken at the notional value of the derivative position which in certain instances may exceed the actual amount owed on such positions.
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 investment professional 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. Absolute return portfolios may not fully participate in strong positive market rallies. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. 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. 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. Inflation-linked bonds (ILBs) issued by a government are fixed-income securities whose principal value is periodically adjusted according to the rate of inflation; ILBs decline in value when real interest rates rise. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Leverage, including borrowing, may cause a portfolio to be more volatile than if the portfolio had not been leveraged. Entering into short sales includes the potential for loss of more money than the actual cost of the investment, and the risk that the third party to the short sale may fail to honor its contract terms, causing a loss to the portfolio. 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.

References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities. PIMCO may or may not own the securities referenced and, if such securities are owned, no representation is being made that such securities will continue to be held.

PIMCO