PIMCO offers a wide array of mutual funds across all asset classes, designed to help investors meet a range of portfolio needs — from true core holdings to innovative strategies that seek to enhance diversification and return opportunities.
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 pimco S

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Share Class
All data as of 03/27/15
Absolute Return Bond
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Credit Absolute Return Fund
PZCRX3.75% 3.41% 12/31/20143.41%
_
$10.05 $0.000.00% 0.91% 1.47% 3.28%
-
-
PIMCO Mortgage Opportunities Fund
PMZAX3.75% 2.85% 2.36%
_
$11.15 -$0.01-0.07% 1.21% 3.98%
-
-
-
PIMCO Unconstrained Bond Fund
PUBAX3.75% 0.60% 1.48%
_
$11.15 -$0.03-0.26% -0.08% 1.61% 2.16% 2.24%
-
PIMCO Unconstrained Tax Managed Bond Fund
ATMAX3.75% 0.69% 0.44%
_
$10.50 -$0.05-0.47% -0.83% 1.26% 1.89% 1.52%
-
Alternative
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 12/31/2014
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO CommoditiesPLUS Strategy Fund
PCLAX5.50% 3.99% -1.02%
_
$7.23 -$0.2-2.69% -5.12% -31.76% -12.43%
-
-
PIMCO CommodityRealReturn Strategy Fund
PCRAX5.50% 0.15% -5.00%
_
$4.22 -$0.08-1.86% -4.09% -27.26% -12.74% -3.53% -1.96%
PIMCO Fundamental Advantage Absolute Return Strategy Fund
PTFAX3.75% 7.27% 0.15%
_
$3.56 $0.000.00% -1.63% -2.59% 3.26% 3.21%
-
PIMCO Multi-Strategy Alternative Fund
PXAAX5.50%
-
0.75% 0.75% $10.03 $0.000.00% 0.30%
-
-
-
-
PIMCO RealEstateRealReturn Strategy Fund
PETAX5.50% 33.06% -6.16%
_
$3.79 $0.000.00% 5.67% 29.44% 13.40% 20.41% 12.19%
PIMCO TRENDS Managed Futures Strategy Fund
PQTAX5.50% 6.48% -0.70% -0.93% $11.03 $0.030.27% 1.19% 20.02%
-
-
-
PIMCO Worldwide Fundamental Advantage AR Strategy Fund
PWWAX3.75% 1.07% 0.30%
_
$9.25 -$0.04-0.43% -2.29% -6.07%
-
-
-
PIMCO Worldwide Long/Short Fundamental Strategy Fund
PWLAX5.50%
-
-0.10%
_
$9.83 -$0.04-0.41% 1.20%
-
-
-
-
Asset Allocation – Global
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Emerging Markets Full Spectrum Bond Fund
PFSSX3.75% 4.30% 4.65% 3.73% $7.94 -$0.02-0.22% -1.46% -6.61%
-
-
-
PIMCO Emerging Multi-Asset Fund
PEAAX5.50% 0.00% 12/31/20141.74% 0.72% $8.00 $0.000.00% -0.12% -0.54% -1.77%
-
-
PIMCO Global Multi-Asset Fund
PGMAX5.50% 0.28% 12/31/20140.48% 0.35% $11.45 $0.010.09% 3.90% 10.94% 1.40% 3.72%
-
Asset Allocation - Real Return
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 12/31/2014
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO All Asset All Authority Fund
PAUAX5.50% 4.98% 4.05% 3.97% $9.08 -$0.05-0.55% -0.43% -4.79% -0.19% 3.51% 4.85%
PIMCO All Asset Fund
PASAX3.75% 4.15% 3.50% 3.37% $11.59 -$0.04-0.34% -0.09% -1.38% 2.73% 5.46% 5.16%
PIMCO Inflation Response Multi-Asset Fund
PZRMX5.50% 7.45% -0.90% -1.03% $8.74 -$0.03-0.34% 1.75% -1.01% -0.72%
-
-
Convertibles
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 12/31/2014
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Convertible Fund
PACNX5.50% 14.89% 1.99%
_
$11.75 $0.050.43% 0.95% 9.83% 10.26% 9.39% 6.95%
Core
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Low Duration Fund
PTLAX2.25% 1.15% 0.91%
_
$10.08 $0.000.01% 0.65% 0.89% 1.60% 2.16% 3.55%
PIMCO Total Return Fund
PTTAX3.75% 1.05% 0.85%
_
$10.83 $0.010.10% 1.83% 4.95% 3.51% 4.56% 5.81%
PIMCO Total Return Fund IV
PTUZX3.75% 0.36% 0.04%
_
$10.72 $0.010.10% 1.50% 4.16% 3.20%
-
-
Domestic Equity
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 12/31/2014
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Fundamental IndexPLUS AR Fund
PIXAX3.75% 5.48% -0.62%
_
$6.28 $0.000.00% -1.04% 9.48% 18.15% 18.00%
-
PIMCO Low Volatility RAFI-PLUS AR Fund
PXLVX3.75% 5.48% -0.91%
_
$10.70 $0.010.09% -1.38% 11.74%
-
-
-
PIMCO Small Cap StocksPLUS AR Strategy Fund
PCKAX3.75% 3.92% -0.36%
_
$9.34 $0.050.54% 3.43% 10.27% 18.03% 17.85%
-
PIMCO Small Company Fundamental IndexPLUS AR Strategy Fund
PCFAX3.75% 5.62% 0.12%
_
$12.22 $0.030.25% 0.99% 8.04% 17.72%
-
-
PIMCO StocksPLUS Absolute Return Fund
PTOAX3.75% 3.09% -0.31%
_
$9.56 -$0.01-0.10% 0.31% 13.72% 17.30% 17.23% 9.77%
PIMCO StocksPLUS AR Short Strategy Fund
PSSAX3.75% 1.16% 0.11%
_
$2.29 -$0.01-0.43% -1.10% -12.55% -12.51% -11.52% -4.38%
PIMCO StocksPLUS Fund
PSPAX3.75% 0.45% -0.38%
_
$8.94 $0.020.22% 1.02% 13.82% 17.11% 15.54% 8.06%
PIMCO U.S. Dividend Fund
PVDAX5.50% 0.72% 1.79% 1.65% $10.37 $0.010.11% 0.22%
-
-
-
-
Global Bond
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Emerging Local Bond Fund
PELAX3.75% 3.75% 3.81%
_
$7.93 -$0.04-0.47% -3.77% -11.08% -5.35% 0.02%
-
PIMCO Emerging Markets Bond Fund
PAEMX3.75% 5.19% 5.27%
_
$10.21 $0.000.04% 1.86% 0.22% 1.99% 4.97% 6.86%
PIMCO Emerging Markets Currency Fund
PLMAX3.75% 2.54% 2.53%
_
$9.09 -$0.01-0.09% -1.31% -8.62% -3.33% -0.72%
-
PIMCO Foreign Bond Fund (U.S. Dollar-Hedged)
PFOAX3.75% 1.10% 0.79%
_
$10.98 -$0.03-0.27% 2.19% 10.47% 7.36% 7.07% 6.36%
PIMCO Foreign Bond Fund (Unhedged)
PFUAX3.75% 0.87% 0.79%
_
$9.68 -$0.05-0.51% -1.92% -4.69% -0.32% 3.59% 4.19%
PIMCO Global Advantage Strategy Bond Fund
PGSAX3.75% 2.16% 1.55%
_
$10.41 -$0.01-0.08% -1.61% -5.52% -0.62% 2.42%
-
PIMCO Global Bond Fund (U.S. Dollar-Hedged)
PAIIX3.75% 0.99% 0.63%
_
$10.56 -$0.01-0.09% 2.05% 9.01% 5.87% 6.52% 5.79%
Global Equity
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 12/31/2014
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Dividend and Income Builder Fund
PQIZX5.50% 3.31% 2.21% 2.06% $12.55 $0.000.03% 2.71% 5.55% 9.81%
-
-
PIMCO EM Fundamental IndexPLUS AR Strategy Fund
PEFFX3.75% 0.01% -0.18%
_
$9.23 -$0.07-0.75% -2.74% -0.74% -1.24% 3.05%
-
PIMCO EMG Intl Low Volatility RAFI-PLUS AR Fund
PLVVX3.75% 2.23% -0.74% -0.88% $9.58 -$0.09-0.93% -1.34% -0.21%
-
-
-
PIMCO EqS Emerging Markets Fund
PEQAX5.50% 0.00% -0.61% -0.79% $8.45 $0.000.00% 0.36% 3.17% -2.07%
-
-
PIMCO EqS Long/Short Fund
PMHAX5.50% 0.00% -1.20%
_
$12.01 $0.060.50% 3.62% 1.66%
-
-
-
PIMCO EqS Pathfinder Fund
PATHX5.50% 2.30% 0.92% 0.78% $9.52 $0.030.32% 3.82% 3.65% 7.93%
-
-
PIMCO Global Dividend Fund
PQDAX5.50% 3.64% 1.44% 1.29% $7.37 -$0.01-0.13% 2.19% 4.62% 9.87%
-
-
PIMCO International Dividend Fund
PVIAX5.50% 0.25% 2.03% 1.89% $10.41 $0.010.11% 2.86%
-
-
-
-
PIMCO International Fundamental IndexPLUS AR Strategy Fund
PTSOX3.75% 2.16% 0.99%
_
$9.03 -$0.05-0.55% 3.26% -4.68% 10.56%
-
-
PIMCO International StocksPLUS AR Strategy Fund (U.S. Dollar-Hedged)
PIPAX3.75% 10.97% -0.09%
_
$7.92 -$0.03-0.38% 10.50% 18.16% 17.22% 11.58% 9.52%
PIMCO International StocksPLUS AR Strategy Fund (Unhedged)
PPUAX3.75% 4.49% -0.33%
_
$6.43 -$0.03-0.46% 5.80% 1.45% 10.95% 9.16%
-
PIMCO Intl Low Volatility RAFI-PLUS AR Fund
PLVBX3.75% 3.17% 0.04%
_
$10.23 -$0.06-0.58% 5.46% 6.04%
-
-
-
Government
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO GNMA Fund
PAGNX3.75% 0.81% 0.60%
_
$11.39 $0.000.01% 0.64% 4.08% 1.82% 3.73% 5.02%
PIMCO Long-Term U.S. Government Fund
PFGAX3.75% 1.52% 1.23%
_
$11.51 $0.121.06% 3.69% 19.32% 6.97% 10.45% 7.90%
PIMCO Mortgage-Backed Securities Fund
PMRAX3.75% 1.82% 1.39%
_
$10.56 $0.010.10% 0.87% 4.79% 2.75% 3.89% 5.03%
Income
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Balanced Income Fund
PBIAX5.50% 2.89% 12/31/20142.37% 2.23% $10.16 $0.000.01% 1.99%
-
-
-
-
PIMCO Diversified Income Fund
PDVAX3.75% 5.09% 4.48%
_
$10.88 $0.020.22% 3.13% 3.45% 4.62% 6.25% 6.63%
PIMCO Floating Income Fund
PFIAX2.25% 5.05% 4.60%
_
$8.25 $0.000.03% 1.36% -2.09% 2.61% 2.41% 2.91%
PIMCO High Yield Fund
PHDAX3.75% 5.46% 4.16%
_
$9.23 $0.010.15% 2.24% 2.73% 6.40% 7.33% 6.78%
PIMCO High Yield Spectrum Fund
PHSAX3.75% 6.29% 5.25%
_
$10.13 $0.010.15% 2.19% 1.26% 7.46%
-
-
PIMCO Income Fund
PONAX3.75% 5.40% 3.57%
_
$12.37 -$0.02-0.12% 1.55% 5.36% 9.48% 10.76%
-
PIMCO Investment Grade Corporate Bond Fund
PBDAX3.75% 3.37% 2.44%
_
$10.75 $0.030.30% 2.68% 7.94% 6.36% 7.44% 7.38%
PIMCO Senior Floating Rate Fund
PSRZX2.25% 3.30% 3.24%
_
$10.07 $0.000.03% 1.53% 1.99% 3.89%
-
-
International Bond
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Emerging Markets Corporate Bond Fund
PECZX3.75% 5.22% 5.77%
_
$10.52 $0.020.22% 0.36% -2.87% 1.92% 3.56%
-
Money Market
Fund Name
Symbol
Max.
Sales
Charge
NAVCHG ($)CHG (%) 7-Day Yield
as of 03/27/2015
YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Government Money Market Fund
AMAXX
-
$1.00 $0.000.00% 0.00% 0.00% 0.02% 0.02% 0.02%
-
PIMCO Money Market Fund
PYAXX
-
$1.00 $0.000.00% 0.00% 0.00% 0.02% 0.03% 0.04% 1.38%
Municipal
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO California Intermediate Municipal Bond Fund
PCMBX2.25% 2.42% 0.68%
_
$9.86 $0.000.02% 0.71% 3.99% 2.67% 3.55% 3.06%
PIMCO California Municipal Bond Fund
PCTTX2.25% 2.59% 1.67%
_
$10.47 -$0.01-0.08% 0.72% 6.60%
-
-
-
PIMCO California Short Duration Municipal Income Fund
PCDAX2.25% 0.67% -0.04%
_
$9.94 $0.000.00% 0.21% 0.54% 0.27% 0.39%
-
PIMCO High Yield Municipal Bond Fund
PYMAX2.25% 4.58% 3.08%
_
$8.71 -$0.01-0.08% 1.72% 9.15% 5.54% 6.32%
-
PIMCO Municipal Bond Fund
PMLAX2.25% 3.25% 1.68%
_
$9.78 $0.000.02% 0.92% 6.85% 4.40% 5.42% 3.35%
PIMCO National Intermediate Municipal Bond Fund
PMNTX2.25% 2.12% 1.36%
_
$10.44 $0.000.01% 0.53% 4.69%
-
-
-
PIMCO New York Municipal Bond Fund
PNYAX2.25% 3.57% 1.27%
_
$11.40 $0.000.03% 0.96% 7.01% 3.96% 4.42% 4.04%
PIMCO Short Duration Municipal Income Fund
PSDAX2.25% 1.07% 0.17%
_
$8.49 $0.000.01% 0.32% 0.80% 0.61% 0.68% 0.25%
Real Return
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Real Return Fund
PRTNX3.75% 0.75% -5.38%
_
$11.06 $0.000.00% 1.46% 2.09% 0.40% 4.05% 4.53%
PIMCO Tax Managed Real Return Fund
PTXAX3.75% 1.54% 0.28%
_
$9.97 -$0.02-0.19% -0.28% -2.31% -1.22% 1.22%
-
Retirement Solutions
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 12/31/2014
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO RealPath 2020 Fund
PTYAX5.50% 4.72% 3.23% 2.75% $8.25 -$0.01-0.12% 1.89% 5.18% 4.54% 5.08%
-
PIMCO RealPath 2025 Fund
PENZX5.50% 5.38% 4.04% 3.56% $10.01 $0.000.00% 2.24% 5.43% 5.11%
-
-
PIMCO RealPath 2030 Fund
PEHAX5.50% 5.55% 4.91% 4.42% $7.89 $0.000.00% 2.32% 5.57% 5.89% 5.81%
-
PIMCO RealPath 2035 Fund
PIVAX5.50% 5.49% 4.89% 4.41% $10.12 -$0.01-0.10% 2.32% 6.17% 6.62%
-
-
PIMCO RealPath 2040 Fund
POFAX5.50% 5.85% 4.95% 4.48% $7.86 $0.000.00% 2.36% 6.06% 6.96% 6.83%
-
PIMCO RealPath 2045 Fund
PFZAX5.50% 5.65% 5.15% 4.67% $10.63 $0.000.00% 2.41% 5.90% 7.38%
-
-
PIMCO RealPath 2050 Fund
PFYAX5.50% 5.44% 4.79% 4.33% $8.16 $0.000.00% 2.42% 6.55% 7.29% 6.70%
-
PIMCO RealPath 2055 Fund
PQRAX5.50%
-
4.47% 4.02% $10.26 $0.000.00% 2.60%
-
-
-
-
PIMCO RealPath Blend 2020 Fund
PBZAX5.50%
-
1.87% 1.87% $10.20 $0.010.10% 2.00%
-
-
-
-
PIMCO RealPath Blend 2025 Fund
PPZAX5.50%
-
2.04% 2.04% $10.21 $0.010.10% 2.10%
-
-
-
-
PIMCO RealPath Blend 2030 Fund
PBPAX5.50%
-
2.18% 2.18% $10.21 $0.010.10% 2.10%
-
-
-
-
PIMCO RealPath Blend 2035 Fund
PDGAX5.50%
-
2.12% 2.12% $10.22 $0.020.20% 2.20%
-
-
-
-
PIMCO RealPath Blend 2040 Fund
PVPAX5.50%
-
2.02% 2.02% $10.23 $0.020.20% 2.30%
-
-
-
-
PIMCO RealPath Blend 2045 Fund
PVQAX5.50%
-
2.00% 2.00% $10.24 $0.020.20% 2.40%
-
-
-
-
PIMCO RealPath Blend 2050 Fund
PPQAX5.50%
-
2.00% 2.00% $10.23 $0.020.20% 2.30%
-
-
-
-
PIMCO RealPath Blend 2055 Fund
PRQAX5.50%
-
2.00% 2.00% $10.23 $0.020.20% 2.30%
-
-
-
-
PIMCO RealPath Blend Income Fund
PBRAX5.50%
-
1.72% 1.72% $10.19 $0.010.10% 1.90%
-
-
-
-
PIMCO RealPath Income Fund
PTNAX5.50% 4.65% 3.34% 2.88% $8.59 -$0.01-0.12% 1.92% 4.86% 4.39% 5.27%
-
Short Term
   Yields Daily NAV and ChangeAnnualized
Fund Name
Symbol
Max.
Sales
Charge
Distribution Yield
as of 02/28/2015
30-Day
SEC
as of 02/28/2015
30-Day
SEC
(Unsubsidized)
as of 02/28/2015
NAVCHG ($)1 Day Return YTD
Return
1 YR3 YR5 YR10 YR
PIMCO Short Asset Investment Fund
PAIAX2.25% 0.53% 0.46% 0.36% $10.02 $0.000.00% 0.09% 0.15%
-
-
-
PIMCO Short-Term Fund
PSHAX2.25% 0.37% 0.60%
_
$9.79 $0.000.00% 0.52% 0.86% 1.17% 1.19% 2.41%
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.

Performance quoted represents past performance. Past performance is no guarantee 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. The maximum offering price (MOP) returns take into account the maximum initial sales charge.

The 7-day yield is updated daily; it reflects the yield as of the previous business day. The yield quotations more closely reflect the current earnings of the following money market funds than the quotations of total return. An investment in these money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds.

* Ex-interest expenses reflect the accounting treatment of certain investments (e.g., reverse repurchase agreements) but do not reflect actual expenses paid to PIMCO. The net expense ratios for the CommoditiesPLUS Strategy Fund and CommodityRealReturn Strategy Fund reflect a contractual expense reduction agreement so long as a contract with a PIMCO subsidiary is in place.

Returns measure performance from the inception of the actual share class to the present and assume that all dividend and capital gain distributions were reinvested on the payable date. The returns shown do not take into account sales charges or the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.
 
A word about risk:
Mutual fund investing involves risk. Please see each fund profile page for more complete information, including fund-specific risks.
 
The SEC yield is an annualized yield based on the most recent 30 day period.
 
 Yield
The Real Distribution Rate (RDR), calculated daily, gives new investors an indication of their payment level in addition to adjustments for inflation. The RDR is the current annualized fund distribution divided by the current Net Asset Value per share (NAV). Unlike the real interest rates seen in the TIPS markets, this rate also includes principal that is returned to investor over the life of the Funds. As a result, the RDR will increase as the maturity date approaches because a new investor would receive their principal back over a shorter time horizon. The Fund’s distributions are adjusted monthly for changes in Consumer Price Index for all Urban Consumers before seasonal adjustment (calculated by the Bureau of Labor Statistics). Also, the monthly distribution may be adjusted during the term of the Fund to better enable the Fund to provide regular monthly distributions until the final maturity date. The Fund’s distributions are not guaranteed.
 
The Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front- or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns.
 
This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.
 
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.® 2015. 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.